Civic Intelligence

Madison Parks Foundation Inc.

990 • Fiscal year 2018 • EIN 33-1047992

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 28, 2019

1402 Wingra Creek ParkwayMadison, WI 53715

(608) 266-4339

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

44th percentile

0.07x

Higher debt load relative to revenue than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

66th percentile

$95,883

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 42.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

15th percentile

-9.3%

Faster asset growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,345,881

Down $241,210 (-9.3%) from 2017

Net Assets

Down

$2,329,883

Down $209,171 (-8.2%) from 2017

Liabilities

Down

$15,998

Down $32,039 (-67%) from 2017

Revenue

Down

$228,382

Down $95,711 (-30%) from 2017

Expenses

Down

$268,761

Down $75,568 (-22%) from 2017

Net Income

Down

-$40,379

Down $20,143 (-100%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $526,868Liabilities 2010: $725Net Assets 2010: $526,1432010Assets 2011: $531,734Liabilities 2011: $0Net Assets 2011: $531,7342011Assets 2012: $508,802Liabilities 2012: $3,210Net Assets 2012: $505,5922012Assets 2013: $1,251,916Liabilities 2013: $19,300Net Assets 2013: $1,232,6162013Assets 2014: $1,583,135Liabilities 2014: $139,859Net Assets 2014: $1,443,2762014Assets 2015: $2,143,465Liabilities 2015: $96,862Net Assets 2015: $2,046,6032015Assets 2016: $2,299,470Liabilities 2016: $29,970Net Assets 2016: $2,269,5002016Assets 2017: $2,587,091Liabilities 2017: $48,037Net Assets 2017: $2,539,0542017Assets 2018: $2,345,881Liabilities 2018: $15,998Net Assets 2018: $2,329,8832018Assets 2019: $2,945,586Liabilities 2019: $83,220Net Assets 2019: $2,862,3662019Assets 2020: $3,221,524Liabilities 2020: $36,057Net Assets 2020: $3,185,4672020Assets 2021: $4,094,657Liabilities 2021: $164,360Net Assets 2021: $3,930,2972021Assets 2022: $4,055,724Liabilities 2022: $693,211Net Assets 2022: $3,362,5132022Assets 2023: $4,714,075Liabilities 2023: $263,438Net Assets 2023: $4,450,6372023Assets 2024: $5,611,257Liabilities 2024: $149,660Net Assets 2024: $5,461,5972024

Highlighted filing

2018

Assets$2,345,881
Liabilities$15,998
Net Assets$2,329,883

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $93,7332010Expenses 2011: $197,2722011Expenses 2012: $72,0012012Revenue 2013: $857,377Expenses 2013: $172,512Net Income 2013: $684,8652013Revenue 2014: $327,274Expenses 2014: $167,794Net Income 2014: $159,4802014Revenue 2015: $1,121,732Expenses 2015: $465,410Net Income 2015: $656,3222015Revenue 2016: $362,252Expenses 2016: $268,708Net Income 2016: $93,5442016Revenue 2017: $324,093Expenses 2017: $344,329Net Income 2017: -$20,2362017Revenue 2018: $228,382Expenses 2018: $268,761Net Income 2018: -$40,3792018Revenue 2019: $407,941Expenses 2019: $263,312Net Income 2019: $144,6292019Revenue 2020: $202,447Expenses 2020: $153,564Net Income 2020: $48,8832020Revenue 2021: $1,634,719Expenses 2021: $1,229,641Net Income 2021: $405,0782021Revenue 2022: $921,608Expenses 2022: $812,970Net Income 2022: $108,6382022Revenue 2023: $1,218,806Expenses 2023: $488,653Net Income 2023: $730,1532023Revenue 2024: $1,305,500Expenses 2024: $618,879Net Income 2024: $686,6212024

Highlighted filing

2018

Revenue$228,382
Expenses$268,761
Net Income-$40,379
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 28, 2019
Return Version
2018v3.1
Gross Receipts
$309,218
Mission and Program Overview

Mission

Committed to identifying and supporting park improvement opportunities by encouraging and mobilizing the financial support of neighborhood groups, foundations, and citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,403,096$2,152,331▼ $250,765
Savings and Temporary Cash Investments$101,408$159,369▲ $57,961
Cash and Non-Interest-Bearing Accounts$81,608$33,216▼ $48,392
Prepaid Expenses and Deferred Charges$979$965▼ $14
Total Assets$2,587,091$2,345,881▼ $241,210
Liabilities
Accounts Payable and Accrued Expenses$48,037$15,998▼ $32,039
Total Liabilities$48,037$15,998▼ $32,039
Net Assets / Fund Balance
Unrestricted Net Assets$1,330,122$1,235,704▼ $94,418
Temporarily Rstr Net Assets$1,042,132$1,094,179▲ $52,047
Permanently Rstr Net Assets$166,800$0▼ $166,800
Total Net Assets Fund Balance$2,539,054$2,329,883▼ $209,171
Total Liabilities and Net Assets / Fund Balance$2,587,091$2,345,881▼ $241,210

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$184,425-▼ $7,546$2,933$172,406
2017$161,944$1,025▲ $25,836$2,916$184,425
2016$153,828-▲ $4,236-$157,340
2015$64,973$90,000▼ $405-$153,828
2014$62,408$500▲ $2,796-$64,973
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie FranklinExecutive DirectorFT$38,796$57,087$95,883

Board Members and Trustees

NameTitle
Maureen LokrantzPresident
Bob HemauerVice President
Alex EvansTrustee
Anna TrullTrustee
Betsy RepaskeTrustee
Jason IversonTrustee
Joe ClausiusTrustee
Julie BogleTrustee
Madelyn LeopoldTrustee
Kyle EngelkeSecretary
Ty BeckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$223,199
Program Service Revenue
$0
Investment Income
$23,009
Other Revenue
$-17,826
All Other Contributions
$214,199
Change in Net Assets
$-40,379

Audited Revenue Reconciliation

Revenue per Audited Statements
$228,382
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-80,194
Total Revenue per Audited Statements
$148,188
Total Revenue per Form 990
$228,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$142,360
Salaries, Compensation, and Employee Benefits$102,279
Total Fundraising Expense$33,837
Other Expenses$24,122
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$142,360--$142,360
Current Officers, Directors, Trustees, and Key Employees$57,530$9,588$28,765$95,883
Fees for Services Accounting-$12,110-$12,110
Payroll Taxes$3,838$640$1,918$6,396
Office Expenses-$1,625$2,420$4,045
Other Expenses$566$2,952$284$3,802
Fees for Services Other-$940$450$1,390
Insurance-$1,301-$1,301
Information Technology-$999-$999
Travel-$475-$475
Total Functional Expenses$204,294$30,630$33,837$268,761

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$357,359
Expenses per Audited Statements$268,761
Total Expenses per Form 990$268,761
Expenses Not Reported on Form 990$88,598
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of MadisonMadison, WI-Park Improvements and Pool Scholarships$98,995
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$80,836
Fundraising Gross Income$62,981
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Makeshift$34,057$34,057$38,372$-4,315
Picnic in the Park$37,924$28,924$11,751$17,173
Total Events$71,981$62,981$80,836$-17,855
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

Committee meetings are infrequent, and minutes are not maintained.

Form 990, Part VI, Section B, Line 11B

990 presented to the board in draft form and approved prior to signing and filing with the irs.

Form 990, Part VI, Section C, Line 19

Information is provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
Madison Parks Foundation Inc
EIN
33-1047992
Phone
6082664339
Address
1402 WINGRA CREEK PARKWAY, MADISON, WI 53715

Signing Officer

Name
Ty Beck
Title
Treasurer
Phone
6082664339
Signed
2019-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Franklin
Formed
2003
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
0

Preparer

Firm
Johnson Block & Co Inc
Address
9701 BRADER WAY SUITE 202, MIDDLETON, WI 53562
Preparer
Jeffrey Osvog
Phone
6082742002
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed since the prior year.

Financial Statement Notes

PART V, LINE 4:

Both endowment funds are to be used to enable the foundation to carry out its charitable and exempt purposes. One is held at madison community foundation and the other was imposed by the city of madison.

PART X, LINE 2:

The foundation has adopted the recent accounting guidance for recognizing and measuring uncertain tax positions. The foundation follows the statutory requirements for their income tax accounting and generally avoids risks associated with potentially problematic tax positions that may be challenged upon examination. Management believes any liability resulting from taxing authorities imposing additional income taxes from activities deemed to be unrelated to the foundation's tax-exempt status would not have a material effect on the accompanying financial statements. The foundation's federal exempt organization tax returns are subject to examination by the internal revenue service, generally for three years after they are filed. With few exceptions, the foundation is no longer subject to such examinations for years before 2015.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising events revenues - netted with expense 80,836. Fundraising fee - netted with expense 2,762.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising fee - netted with revenue 2,762. Fundraising events expenses - netted with revenue 80,836.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02952
IRS990/OtherExpensesGrp/ProgramServicesAmt0566
IRS990/OtherExpensesGrp/TotalAmt03802
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC. REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt029
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt029
IRS990/OtherRevenueTotalAmt029
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01918
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0640
IRS990/PayrollTaxesGrp/ProgramServicesAmt03838
IRS990/PayrollTaxesGrp/TotalAmt06396
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0166800
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0979
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0965
IRS990/PrincipalOfficerNm0STEPHANIE FRANKLIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0VARIOUS PARK PROJECTS. HELPED WITH DEVELOPMENT OF VARIOUS PARKS AND RESTORATION AND RENEWAL OF PLAYGROUND EQUIPMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0134827
IRS990/ProgSrvcAccomActy2Grp/GrantAmt072893
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0294925
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0226687
IRS990/PYInvestmentIncomeAmt036634
IRS990/PYOtherExpensesAmt020001
IRS990/PYOtherRevenueAmt0-7466
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-20236
IRS990/PYSalariesCompEmpBnftPaidAmt097641
IRS990/PYTotalExpensesAmt0344329
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0324093
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-40379
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt029
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0101408
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0159369
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0286180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0354664
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0368233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01112339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0325065
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02446481
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt023009
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt036634
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt031092
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt023422
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt068716
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0182873
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85270
IRS990ScheduleA/PublicSupportPY170Pct00.86580
IRS990ScheduleA/PublicSupportTotal170Amt02242032
IRS990ScheduleA/SubstantialContributorsTotAmt0204449
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0286180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0354664
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0368233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01112339
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0325065
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02446481
IRS990ScheduleA/TotalSupportAmt02629354
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt01570
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0184425
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0172406
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7546
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt02933
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt01464
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0161944
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01025
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0184425
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt025836
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt02916
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0724
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0153828
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0157340
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04236
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0740
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt064973
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt090000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0153828
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-405
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0731
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt062408
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt064973
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02796
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt05000
IRS990ScheduleD/DonatedServicesUseFcltsAmt05000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt088598
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0268761
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-168792
IRS990ScheduleD/OtherExpensesIncludedAmt083598
IRS990ScheduleD/OtherRevenueAmt083598
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-80194
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0228382
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOTH ENDOWMENT FUNDS ARE TO BE USED TO ENABLE THE FOUNDATION TO CARRY OUT ITS CHARITABLE AND EXEMPT PURPOSES. ONE IS HELD AT MADISON COMMUNITY FOUNDATION AND THE OTHER WAS IMPOSED BY THE CITY OF MADISON.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS ADOPTED THE RECENT ACCOUNTING GUIDANCE FOR RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS. THE FOUNDATION FOLLOWS THE STATUTORY REQUIREMENTS FOR THEIR INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FOUNDATION'S TAX-EXEMPT STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION'S FEDERAL EXEMPT ORGANIZATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO SUCH EXAMINATIONS FOR YEARS BEFORE 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EVENTS REVENUES - NETTED WITH EXPENSE 80,836. FUNDRAISING FEE - NETTED WITH EXPENSE 2,762.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING FEE - NETTED WITH REVENUE 2,762. FUNDRAISING EVENTS EXPENSES - NETTED WITH REVENUE 80,836.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0268761
IRS990ScheduleD/TotalRevenuePerForm990Amt0228382
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0148188
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0357359
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt09000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt09000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt080836
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt03745
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03745
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MAKESHIFT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0PICNIC IN THE PARK
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02194
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt015803
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt017997
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt034057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt037924
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt071981
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt028924
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt062981
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-17855
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt050123
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt038372
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt011751
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt08971
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt08971
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt098995
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PARK IMPROVEMENTS AND POOL SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF MADISON
IRS990ScheduleI/RecipientTable/RecipientEIN0396005507
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0210 MARTIN LUTHER KING BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MADISON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd053703
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION OBTAINS A PROJECT DESCRIPTION WHICH INCLUDES A COST ESTIMATE. THEY ARE IN REGULAR COMMUNICATION WITH THE PARKS DIVISION AND THE PARK SUPERINTENDENT REGULARLY ATTENDS BOARD MEETINGS. THEY ARE ABLE TO SEE THE USE OF THE FUNDS BY SEEING THE IMPROVEMENT PROJECTS FINISHED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.61$0.15$5.46$1.31$0.62$0.69
2023Detailed filing. Detailed filing data is available for this year.$4.71$0.26$4.45$1.22$0.49$0.73
2022Detailed filing. Detailed filing data is available for this year.$4.06$0.69$3.36$0.92$0.81$0.11
2021Detailed filing. Detailed filing data is available for this year.$4.09$0.16$3.93$1.63$1.23$0.41
2020Detailed filing. Detailed filing data is available for this year.$3.22$0.04$3.19$0.20$0.15$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.95$0.08$2.86$0.41$0.26$0.14
2018Detailed filing. Detailed filing data is available for this year.$2.35$0.02$2.33$0.23$0.27$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.59$0.05$2.54$0.32$0.34$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.30$0.03$2.27$0.36$0.27$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.14$0.10$2.05$1.12$0.47$0.66
2014Detailed filing. Detailed filing data is available for this year.$1.58$0.14$1.44$0.33$0.17$0.16
2013Detailed filing. Detailed filing data is available for this year.$1.25$0.02$1.23$0.86$0.17$0.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.00$0.51$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.09