Civic Intelligence

Madison Parks Foundation Inc.

990 • Fiscal year 2022 • EIN 33-1047992

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 28, 2023

Organization ProfileWWW.MADISONPARKSFOUNDATION.ORG
PO Box 259336Madison, WI 53725

(608) 266-4339

Siviq Scores

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

Liabilities / Assets

66th percentile

0.17x

Higher debt load relative to assets than 66% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

0.75x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

59th percentile

12%

Higher net margin than 59% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

65th percentile

$91,027

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

43rd percentile

-1.0%

Faster asset growth than 43% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-44%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$4,055,724

Down $38,933 (-1.0%) from 2021

Net Assets

Down

$3,362,513

Down $567,784 (-14%) from 2021

Liabilities

Up

$693,211

Up $528,851 (+322%) from 2021

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin59th percentile

Revenue

Down

$921,608

Down $713,111 (-44%) from 2021

Expenses

Down

$812,970

Down $416,671 (-34%) from 2021

Net Income

Down

$108,638

Down $296,440 (-73%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

2022

Assets$4,055,724
Liabilities$693,211
Net Assets$3,362,513
Open 2022 Filing

Operations Trend

Revenue Growth9th percentile

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

2022

Revenue$921,608
Expenses$812,970
Net Income$108,638
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 28, 2023
Return Version
2022v5.0
Gross Receipts
$996,649
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.

As the non-profit partner of madison parks, we help our community conserve, promote, and enhance our parks.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,071,286$2,785,269▼ $286,017
Savings and Temporary Cash Investments$220,647$854,003▲ $633,356
Investments Other Securities$663,626$331,379▼ $332,247
Pledges and Grants Receivable$129,967$74,658▼ $55,309
Cash and Non-Interest-Bearing Accounts$7,844$9,110▲ $1,266
Prepaid Expenses and Deferred Charges$1,287$1,305▲ $18
Total Assets$4,094,657$4,055,724▼ $38,933
Liabilities
Accounts Payable and Accrued Expenses$164,360$693,211▲ $528,851
Total Liabilities$164,360$693,211▲ $528,851
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,625,350$1,979,130▼ $646,220
Net Assets With Donor Restrictions$1,304,947$1,383,383▲ $78,436
Total Net Assets Fund Balance$3,930,297$3,362,513▼ $567,784
Total Liabilities and Net Assets / Fund Balance$4,094,657$4,055,724▼ $38,933

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$331,379--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$340,820-▼ $42,641$3,308$292,369
2021$210,891$100,000▲ $35,250$3,108$340,820
2020$197,794-▲ $17,724$3,018$210,891
2019$172,406-▲ $29,879$2,905$197,794
2018$184,425-▼ $7,546$2,933$172,406
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie FranklinExecutive DirectorFT$84,700$6,327$91,027

Board Members and Trustees

NameTitle
Maureen LokrantzPresident
Ty BeckVice President
Catie McdonaldTrustee
Claire OleksiakTrustee
Jason IversonTrustee
Joe ClausiusTrustee
Kristin KupresTrustee
Pierce SullivanTrustee
Sam SullivanTrustee
Kyle EngelkeSecretary
Julie BogleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$921,956
Program Service Revenue
$0
Investment Income
$56,928
Other Revenue
$-57,276
All Other Contributions
$893,290
Change in Net Assets
$108,638

Audited Revenue Reconciliation

Revenue per Audited Statements
$889,932
Revenue Not Reported on Financial Statements
$31,676
Revenue Not Reported on Form 990
$-447,131
Total Revenue per Audited Statements
$442,801
Total Revenue per Form 990
$921,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$474,148
Other Expenses$218,464
Salaries, Compensation, and Employee Benefits$120,102
Total Fundraising Expense$48,602
Professional Fundraising Fees$256

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$474,148--$474,148
Fees for Services Other$170,057$6,818$500$177,375
Current Officers, Directors, Trustees, and Key Employees$54,616$9,103$27,308$91,027
Other Salaries and Wages$11,539$1,923$5,769$19,231
Fees for Services Accounting-$12,344-$12,344
Payroll Taxes$5,356$893$2,678$8,927
Office Expenses-$3,793-$3,793
Information Technology-$3,375-$3,375
Other Expenses$1,438$240$719$2,397
Insurance$360$1,385$180$1,925
Travel-$1,815-$1,815
Advertising-$1,775-$1,775
Other Employee Benefits$550$92$275$917
Fees for Services Professional Fundraising--$256$256
Total Functional Expenses$718,064$46,304$48,602$812,970

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,010,585
Expenses per Audited Statements$812,970
Total Expenses per Form 990$812,970
Expenses Not Reported on Form 990$197,615
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of MadisonMadison, WI-Park Improvements, Pool Scholarships, and Celebration Gifts$474,148
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$75,041
Fundraising Gross Income$16,380
Professional Fundraising Fees$256

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Picnic in the Park$45,046$16,380-$16,380
Total Events$45,046$16,380$75,041$-58,661
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 35% controlled entity
No
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
Yes
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 B, Line 15A

“Executive director wages approved by board annually.”

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
PO BOX 259336, MADISON, WI 53725

Signing Officer

Name
Julie Bogle
Title
Treasurer
Phone
6082664339
Signed
2023-07-28
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
2
Volunteers
11

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Graphic design: program service expenses 0. Management and general expenses 1,967. Fundraising expenses 500. Total expenses 2,467. Consulting: program service expenses 0. Management and general expenses 4,851. Fundraising expenses 0. Total expenses 4,851. Disbursements for park project fees for services: program service expenses 170,057. Management and general expenses 0. Fundraising expenses 0. Total expenses 170,057.”

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 2019.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising events revenues - netted with expense 75,041. Fundraising event fee - netted with expense 36,489.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising fee - netted with revenue 75,041. Fundraising events expenses - netted with revenue 36,489.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt056928
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0663626
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0331379
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03071286
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02785269
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AS THE NON-PROFIT PARTNER OF MADISON PARKS, WE HELP OUR COMMUNITY CONSERVE, PROMOTE, AND ENHANCE OUR PARKS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03930297
IRS990/NetAssetsOrFundBalancesEOYAmt03362513
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-58661
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-58661
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-644746
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02625350
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01979130
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03793
IRS990/OfficeExpensesGrp/TotalAmt03793
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0275
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt092
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0550
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0917
IRS990/OtherExpensesGrp/Desc0APPEAL EXPENSES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2PAYROLL EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt010917
IRS990/OtherExpensesGrp/FundraisingAmt1719
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12748
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2240
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt11438
IRS990/OtherExpensesGrp/TotalAmt010917
IRS990/OtherExpensesGrp/TotalAmt12748
IRS990/OtherExpensesGrp/TotalAmt22397
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC. REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt01385
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01385
IRS990/OtherRevenueTotalAmt01385
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05769
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01923
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011539
IRS990/OtherSalariesAndWagesGrp/TotalAmt019231
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02678
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0893
IRS990/PayrollTaxesGrp/ProgramServicesAmt05356
IRS990/PayrollTaxesGrp/TotalAmt08927
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0129967
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt074658
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01287
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01305
IRS990/PrincipalOfficerNm0STEPHANIE FRANKLIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2022, MADISON PARKS FOUNDATION GRANTED 380 GOODMAN POOL ADMISSIONS SCHOLARSHIPS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt057665
IRS990/ProgSrvcAccomActy2Grp/GrantAmt057665
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01568143
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt055720
IRS990/PYInvestmentIncomeAmt065491
IRS990/PYOtherExpensesAmt01080456
IRS990/PYOtherRevenueAmt01085
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0405078
IRS990/PYSalariesCompEmpBnftPaidAmt093465
IRS990/PYTotalExpensesAmt01229641
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01634719
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0108638
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0220647
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0854003
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0921956
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01573401
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0146412
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0412663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0286180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03340612
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt056928
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt065491
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt051136
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt034206
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt023009
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0230770
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01385
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05012
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt074
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt029
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.59300
IRS990ScheduleA/PublicSupportPY170Pct00.53240
IRS990ScheduleA/PublicSupportTotal170Amt02121612
IRS990ScheduleA/SubstantialContributorsTotAmt01219000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0921956
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01573401
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0146412
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0412663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0286180
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03340612
IRS990ScheduleA/TotalSupportAmt03577882
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/AdministrativeExpensesAmt02502
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0340820
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0292369
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-42641
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt03308
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt02213
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0210891
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0100000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0340820
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt035250
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt03108
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01609
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0197794
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0210891
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017724
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt03018
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01586
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0172406
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0197794
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt029879
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt02905
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01570
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0184425
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0172406
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7546
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt02933
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt086085
IRS990ScheduleD/DonatedServicesUseFcltsAmt086085
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt0197615
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0812970
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncldAmt031676
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-644746
IRS990ScheduleD/OtherExpensesIncludedAmt0111530
IRS990ScheduleD/OtherRevenueAmt0111530
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0331379
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD TOTAL STOCK MARKET INDEX ADM - VTSAX
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-447131
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt031676
IRS990ScheduleD/RevenueSubtotalAmt0889932
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 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EVENTS REVENUES - NETTED WITH EXPENSE 75,041. FUNDRAISING EVENT FEE - NETTED WITH EXPENSE 36,489.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING FEE - NETTED WITH REVENUE 75,041. FUNDRAISING EVENTS EXPENSES - NETTED WITH REVENUE 36,489.
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

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,055,724
Liabilities
$693,211
Net assets
$3,362,513
Revenue
$921,608
Expenses
$812,970
Net income
$108,638
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