Civic Intelligence

Madrid Educational Endowment Foundation

990EZ • Fiscal year 2022 • EIN 42-1350462

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 14, 2022

599 North Kennedy AvenueMadrid, IA 50156

(515) 795-2730

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

3rd percentile

-351%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

44th percentile

-1.0%

Faster asset growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-92%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$480,289

Down $5,091 (-1.0%) from 2021

Net Assets

$480,289

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$1,451

Down $15,711 (-92%) from 2021

Expenses

Down

$6,542

Down $14,458 (-69%) from 2021

Net Income

Down

-$5,091

Down $1,253 (-33%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2013: $297,860Liabilities 2013: $02013Assets 2014: $289,393Liabilities 2014: $02014Assets 2015: $290,034Liabilities 2015: $02015Assets 2016: $290,138Liabilities 2016: $02016Assets 2017: $285,457Liabilities 2017: $02017Assets 2018: $285,164Liabilities 2018: $02018Assets 2019: $286,765Liabilities 2019: $02019Assets 2020: $489,217Liabilities 2020: $02020Assets 2021: $485,380Liabilities 2021: $02021Assets 2022: $480,289Liabilities 2022: $0Net Assets 2022: $480,2892022Assets 2023: $864,619Liabilities 2023: $0Net Assets 2023: $864,6192023Assets 2025: $964,784Liabilities 2025: $0Net Assets 2025: $964,7842025

Highlighted filing

2022

Assets$480,289
Liabilities$0
Net Assets$480,289

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $124,069Expenses 2013: $6,332Net Income 2013: $117,7372013Revenue 2014: $6,820Expenses 2014: $15,287Net Income 2014: -$8,4672014Revenue 2015: $6,180Expenses 2015: $5,539Net Income 2015: $6412015Revenue 2016: $8,310Expenses 2016: $8,206Net Income 2016: $1042016Revenue 2017: $6,229Expenses 2017: $10,910Net Income 2017: -$4,6812017Revenue 2018: $42,497Expenses 2018: $42,790Net Income 2018: -$2932018Revenue 2019: $8,396Expenses 2019: $6,794Net Income 2019: $1,6022019Revenue 2020: $202,524Expenses 2020: $15,838Net Income 2020: $186,6862020Revenue 2021: $17,162Expenses 2021: $21,000Net Income 2021: -$3,8382021Revenue 2022: $1,451Expenses 2022: $6,542Net Income 2022: -$5,0912022Revenue 2023: $415,764Expenses 2023: $31,434Net Income 2023: $384,3302023Revenue 2025: $72,949Expenses 2025: $12,422Net Income 2025: $60,5272025

Highlighted filing

2022

Revenue$1,451
Expenses$6,542
Net Income-$5,091
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$1,451
Mission and Program Overview

Mission

Organized to promote, develop and foster excellence in all aspects of the Madrid Community School District by providing a source of capital

Program Services

DescriptionGrantsExpenses
PROVIDED 12 SCHOLARSHIPS OF $500 EACH$6,000$6,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARTY KNOXPresident-$0--
ROLLIN CRONKTreasurer-$0--
MARDI PEASLEYSecretary-$0--
KRISTA DEANDirector-$0--
PEGGY NARDINIDirector-$0--
BRIANN POLICHDirector-$0--
JENNIFER LOBECKDirector-$0--
Filing and Contact Details

Filer

Filer Name
Madrid Educational Endowment Foundation
EIN
42-1350462
Phone
5157952730
Address
599 North Kennedy Avenue, Madrid, IA 50156

Signing Officer

Name
Rollin Cronk
Title
Treasurer
Phone
5155562523
Signed
2022-11-14
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

SCHOLARSHIPS GIVEN

Form 990-EZ, Part III, Line (28-31)

One scholarship is given annually to one or more madrid high school graduates to attend an accredited certified vocational school, nursing school, or college. Applications are available to all madrid high school seniors. The board of directors select the reciepients. The check is written directly to the school with instructions to return the funds to the foundation if the student does not maintain enrollment.

Raw XML Appendix188 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS GIVEN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONE SCHOLARSHIP IS GIVEN ANNUALLY TO ONE OR MORE MADRID HIGH SCHOOL GRADUATES TO ATTEND AN ACCREDITED CERTIFIED VOCATIONAL SCHOOL, NURSING SCHOOL, OR COLLEGE. APPLICATIONS ARE AVAILABLE TO ALL MADRID HIGH SCHOOL SENIORS. THE BOARD OF DIRECTORS SELECT THE RECIEPIENTS. THE CHECK IS WRITTEN DIRECTLY TO THE SCHOOL WITH INSTRUCTIONS TO RETURN THE FUNDS TO THE FOUNDATION IF THE STUDENT DOES NOT MAINTAIN ENROLLMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part III, Line (28-31)
ReasonableCauseExplanation/ExplanationTxt0I FILED A PAPER RETURN ON NOVEMBER 14, 2022 AND WAS UNAWARE THAT AN ELECTRONICALLY RETURN ONLY WAS TO BE FILED. THIS WILL NOT HAPPEN IN THE FUTURE!
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ReturnHeader/ReturnTs02023-01-21T10:43:52-07:00
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ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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