Civic Intelligence

Historic Madison Foundation Inc

EIN 35-1833602 • 501(c)3 • Madison, IN

Profile

To preserve and educate the public about historic architecture.

301 W Second StMadison, IN 47250

historicmadisoninc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

96th percentile

80%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

29th percentile

-0.7%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2024

Revenue Growth

91st percentile

82%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2024

Assets

Up

$12,929,356

Up $706,797 (+5.8%) from 2023

Liabilities

Up

$7,466

Up $266 (+3.7%) from 2023

Net Assets

Up

$12,921,890

Up $706,531 (+5.8%) from 2023

Revenue

Up

$2,678,806

Up $2,039,394 (+319%) from 2023

Expenses

Down

$523,004

Down $6,476 (-1.2%) from 2023

Net Income

Up

$2,155,802

Up $2,045,870 (+1861%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2016: $9,520,701Liabilities 2016: $16,516Net Assets 2016: $9,504,1852016Assets 2017: $11,489,767Liabilities 2017: $45,118Net Assets 2017: $11,444,6492017Assets 2018: $10,828,764Liabilities 2018: $25,494Net Assets 2018: $10,803,2702018Assets 2019: $11,751,535Liabilities 2019: $6,218Net Assets 2019: $11,745,3172019Assets 2020: $12,263,395Liabilities 2020: $60,079Net Assets 2020: $12,203,3162020Assets 2021: $13,211,653Liabilities 2021: $12,281Net Assets 2021: $13,199,3722021Assets 2022: $11,529,064Liabilities 2022: $6,801Net Assets 2022: $11,522,2632022Assets 2023: $12,222,559Liabilities 2023: $7,200Net Assets 2023: $12,215,3592023Assets 2024: $12,929,356Liabilities 2024: $7,466Net Assets 2024: $12,921,8902024

Highlighted filing

2024

Assets$12,929,356
Liabilities$7,466
Net Assets$12,921,890

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $244,354Expenses 2016: $405,807Net Income 2016: -$161,4532016Revenue 2017: $268,749Expenses 2017: $417,833Net Income 2017: -$149,0842017Revenue 2018: $368,162Expenses 2018: $500,062Net Income 2018: -$131,9002018Revenue 2019: $259,914Expenses 2019: $462,936Net Income 2019: -$203,0222019Revenue 2020: $321,894Expenses 2020: $408,793Net Income 2020: -$86,8992020Revenue 2021: $444,548Expenses 2021: $444,418Net Income 2021: $1302021Revenue 2022: $349,862Expenses 2022: $461,287Net Income 2022: -$111,4252022Revenue 2023: $639,412Expenses 2023: $529,480Net Income 2023: $109,9322023Revenue 2024: $2,678,806Expenses 2024: $523,004Net Income 2024: $2,155,8022024

Highlighted filing

2024

Revenue$2,678,806
Expenses$523,004
Net Income$2,155,802

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 5, 2025
Return Version
2024v5.0
Gross Receipts
$2,687,290
Mission and Program Overview

Mission

To preserve and educate the public about historic architecture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,397,680$8,093,841▲ $696,161
Land, Buildings, and Equipment, Net$4,566,899$4,548,868▼ $18,031
Savings and Temporary Cash Investments$257,632$286,299▲ $28,667
Cash and Non-Interest-Bearing Accounts$348$348→ $0
Total Assets$12,222,559$12,929,356▲ $706,797
Liabilities
Accounts Payable and Accrued Expenses$7,200$7,466▲ $266
Total Liabilities$7,200$7,466▲ $266
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,017,326$8,580,913▲ $563,587
Net Assets With Donor Restrictions$4,198,033$4,340,977▲ $142,944
Total Net Assets Fund Balance$12,215,359$12,921,890▲ $706,531
Total Liabilities and Net Assets / Fund Balance$12,222,559$12,929,356▲ $706,797

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,380,054$1,344,384$5,724,438
Other Land Buildings$159,314$11,920$171,234
Land$9,500-$9,500
Equipment-$6,961$6,961

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,225,300-▲ $794,657$314,186$5,705,771
2023$4,580,753-▲ $945,350$300,803$5,225,300
2022$5,778,497-▼ $895,402$302,342$4,580,753
2021$5,184,951-▲ $881,728$288,182$5,778,497
2020$4,817,970-▲ $638,843$271,862$5,184,951
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
John StaicerPres./exe. D$73,727$5,524$79,251

Board Members and Trustees

NameTitle
Kevin YanceyChair
Merritt AlcornChair Emerit
John GalvinPresident Em
Austin SimsDirector
Chuck RequetDirector
Dr Thomas EckertDirector
Greg ZiesemerDirector
Heidi Kendall-sageDirector
Jessica ButlerDirector
Kelly LambertDirector
Maria GroteDirector
Tony SteinhardtDirector
John MuesselTreasurer
Lisa CutshallVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$27,608
Program Service Revenue
$37,129
Investment Income
$2,616,678
Other Revenue
$-2,609
All Other Contributions
$27,608
Change in Net Assets
$2,155,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$263,227
Other Expenses$259,777
Total Fundraising Expense$14,865
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$184,275$34,551$11,517$230,343
Depreciation Depletion$79,303--$79,303
Fees for Services Management-$44,838-$44,838
All Other Expenses$30,287$3,158$673$34,118
Insurance$26,718$1,406-$28,124
Payroll Taxes$13,416$2,516$839$16,771
Other Employee Benefits$12,890$2,417$806$16,113
Other Expenses$12,114$638-$12,752
Office Expenses$2,202$2,364$360$4,926
Fees for Services Accounting-$4,368-$4,368
Travel$1,116$446$670$2,232
Total Functional Expenses$408,981$99,158$14,865$523,004
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The governing body is provided a copy of form 990 before it is filed in order to properly review for completeness and accuracy.

Form 990, Page 6, Part VI, Line 19

The foundation makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Historic Madison Foundation Inc
EIN
35-1833602
Phone
8122652967
Address
301 W SECOND ST, MADISON, IN 47250

Signing Officer

Name
John Staicer
Title
Pres./exe. Director
Phone
8122652967
Signed
2025-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Staicer
Formed
1991
Legal Domicile
In
Voting Board Members
15
Independent Board Members
14
Employees
12
Volunteers
100

Preparer

Firm
Sherman Barber & Mullikin Pc
Address
210 W 3RD ST, MADISON, IN 47250-3339
Preparer
Christine D Dattilo CPA
Phone
8122655312
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To support the organization of historic madison, inc., whose purpose is the preservation of historic buildings and the education of the public about historic architecture.

Form 990, Part XI, Line 9

Transferred to historic madison inc. 36,740

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds are used to support the foundation's mission to preserve and educate the public about historic architecture.

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt034551
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0184275
IRS990/OtherSalariesAndWagesGrp/TotalAmt0230343
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0839
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02516
IRS990/PayrollTaxesGrp/ProgramServicesAmt013416
IRS990/PayrollTaxesGrp/TotalAmt016771
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOHN STAICER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSIONS-SMAC
IRS990/ProgramServiceRevenueGrp/Desc1ADMISSIONS-WINDLE
IRS990/ProgramServiceRevenueGrp/Desc2ADMISSIONS - SADDLETREE
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc4ADMISSIONS - HUTCHINGS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014638
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19211
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27095
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32148
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41587
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014638
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19211
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27095
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32148
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41587
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO SUPPORT THE ORGANIZATION OF HISTORIC MADISON, INC., WHOSE PURPOSE IS THE PRESERVATION OF HISTORIC BUILDINGS AND THE EDUCATION OF THE PUBLIC ABOUT HISTORIC ARCHITECTURE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0653
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt065826
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0563402
IRS990/PYOtherExpensesAmt0304147
IRS990/PYOtherRevenueAmt0-16193
IRS990/PYProgramServiceRevenueAmt026377
IRS990/PYRevenuesLessExpensesAmt0109932
IRS990/PYSalariesCompEmpBnftPaidAmt0225333
IRS990/PYTotalExpensesAmt0529480
IRS990/PYTotalRevenueAmt0639412
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02155802
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-2609
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt037129
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0257632
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0286299
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION PROVIDED SUPPORT FOR THE RELATED ORGANIZATION FOR WAGES OF SHARED EMPLOYEES IN THE AMOUNT OF 177,303.IN ADDITION, THE TWO ORGANIZATIONS SHARE FACILITIES, AND THE MONETARY VALUE OF THAT SUPPORT IS NOT READILY DETERMINABLE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0351339655
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt036740
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HISTORIC MADISON INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0HISTORIC MADISON INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt036740
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.47000
IRS990ScheduleD/BuildingsGrp/BookValueAmt04380054
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01344384
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05724438
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05225300
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05705771
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0794657
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0314186
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04580753
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05225300
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0945350
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0300803
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05778497
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04580753
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-895402
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0302342
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05184951
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05778497
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0881728
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0288182
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04817970
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05184951
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0638843
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0271862
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06961
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06961
IRS990ScheduleD/LandGrp/BookValueAmt09500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0159314
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011920
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0171234
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.45000
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE USED TO SUPPORT THE FOUNDATION'S MISSION TO PRESERVE AND EDUCATE THE PUBLIC ABOUT HISTORIC ARCHITECTURE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.08000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04548868
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT THE ORGANIZATION OF HISTORIC MADISON, INC., WHOSE PURPOSE IS THE PRESERVATION OF HISTORIC BUILDINGS AND THE EDUCATION OF THE PUBLIC ABOUT HISTORIC ARCHITECTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS PROVIDED A COPY OF FORM 990 BEFORE IT IS FILED IN ORDER TO PROPERLY REVIEW FOR COMPLETENESS AND ACCURACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFERRED TO HISTORIC MADISON INC. 36,740
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9

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