Civic Intelligence

Madrid Educational Endowment Foundation

990 • Fiscal year 2023 • EIN 42-1350462

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

Organization Profile
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

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

92nd percentile

80%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

100th percentile

28554%

Faster revenue growth than 100% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Flat

$864,619

Flat from 2023

Net Assets

Flat

$864,619

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin98th percentile

Revenue

Flat

$415,764

Flat from 2023

Expenses

Flat

$31,434

Flat from 2023

Net Income

Flat

$384,330

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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 2023: $864,619Liabilities 2023: $0Net Assets 2023: $864,6192023Assets 2025: $964,784Liabilities 2025: $0Net Assets 2025: $964,7842025

Highlighted filing

2023

Assets$864,619
Liabilities$0
Net Assets$864,619
Open 2023 Filing

Operations Trend

Revenue Growth100th percentile

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 2023: $415,764Expenses 2023: $31,434Net Income 2023: $384,3302023Revenue 2025: $72,949Expenses 2025: $12,422Net Income 2025: $60,5272025

Highlighted filing

2023

Revenue$415,764
Expenses$31,434
Net Income$384,330
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$415,764
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$480,289$864,619▲ $384,330
Rtn Earn Endowment Incm Other Fnds$480,289$864,619▲ $384,330
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$480,289$864,619▲ $384,330
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$480,289$864,619▲ $384,330
Total Liabilities and Net Assets / Fund Balance$480,289$864,619▲ $384,330
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Marty KnoxPresident
Briann PolichDirector
Jennifer LobeckDirector
Krista DeanDirector
Peggy NardiniDirector
Mardi PeasleySecretary
Rollin CronkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$413,979
Program Service Revenue
$0
Investment Income
$1,785
Other Revenue
$0
All Other Contributions
$413,979
Change in Net Assets
$384,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$31,000
Other Expenses$434
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$31,000--$31,000
Advertising-$406-$406
Fees for Service Investment Mgmnt Fees-$28-$28
Total Functional Expenses$31,000$434$0$31,434
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Madrid Community SchoolsMadrid, IA-To assist with purchase of educational supplies and equipment. To provide scholarships to students.$31,000
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
No
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
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, Part VI, Section B, Line 11B

“Board is regularly provided with reports of activity that appears within the Filing. Filing is presented and discussed at the regular meeting, and all Directors have access to the report.”

Form 990, Part VI, Section C, Line 19

“Members of the public can request documents directly from MEEF.”

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
Sarah Cronk
Title
Treasurer
Phone
5155562523
Signed
2024-05-09

Organization Details

Principal Officer
Marty Knox
Formed
1989
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

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

Raw XML Appendix383 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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To assist with purchase of educational supplies and equipment. To provide scholarships to students.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Madrid Community Schools
IRS990ScheduleI/RecipientTable/RecipientEIN0426002506
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0201 N Main
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Madrid
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MEEF works closely with the School to determine needs, then provides funds as authorized by the MEEF Governing Body. Purchases or program support is reflected in School Board Meeting minutes, School Annual Report and similar public records, MEEF meeting minutes, and/or able to be directly observed by the Directors.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0To promote, develop, and foster excellence in all aspects of the Madrid Community School District by providing a source of capital
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board is regularly provided with reports of activity that appears within the Filing. Filing is presented and discussed at the regular meeting, and all Directors have access to the report.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members of the public can request documents directly from MEEF.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0480289
IRS990/TotalAssetsEOYAmt0864619
IRS990/TotalAssetsGrp/BOYAmt0480289
IRS990/TotalAssetsGrp/EOYAmt0864619
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0413979
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0434
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt031000
IRS990/TotalFunctionalExpensesGrp/TotalAmt031434
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0480289
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0864619
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt031000
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01785
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0415764
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0480289
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0864619
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0599 North Kennedy
IRS990/USAddress/CityNm0Madrid
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050156
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0Organization timely filed, and was approved for, a request for extension of time to file. Organization is now required to file a full Form 990 (rather than 990-EZ) and additional time was need to compile.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/ProfilePasswordChangeInd0X
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Sarah Cronk
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05155562523
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADRID EDUCATIONAL ENDOWMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MADR
ReturnHeader/Filer/EIN0421350462
ReturnHeader/Filer/PhoneNum05157952730
ReturnHeader/Filer/USAddress/AddressLine1Txt0599 North Kennedy Avenue
ReturnHeader/Filer/USAddress/CityNm0Madrid
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050156
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-05-09T16:51:45-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Sarah
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Cronk
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$864,619
Liabilities
$0
Net assets
$864,619
Revenue
$415,764
Expenses
$31,434
Net income
$384,330
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.65$0.00$9.65$0.73$0.12$0.61
2023Detailed filing. Detailed filing data is available for this year.$8.65$0.00$8.65$4.16$0.31$3.84
2023Summary only. Only limited summary data is available for this year.$8.65$0.00$8.65$4.16$0.31$3.84
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.80$0.00$4.80$0.01$0.07$0.05
2021Summary only. Only limited summary data is available for this year.$4.85$0.00$0.17$0.21$0.04
2020Summary only. Only limited summary data is available for this year.$4.89$0.00$2.03$0.16$1.87
2019Summary only. Only limited summary data is available for this year.$2.87$0.00$0.08$0.07$0.02
2018Summary only. Only limited summary data is available for this year.$2.85$0.00$0.42$0.43$0.00
2017Summary only. Only limited summary data is available for this year.$2.85$0.00$0.06$0.11$0.05
2016Summary only. Only limited summary data is available for this year.$2.90$0.00$0.08$0.08$0.00
2015Summary only. Only limited summary data is available for this year.$2.90$0.00$0.06$0.06$0.01
2014Summary only. Only limited summary data is available for this year.$2.89$0.00$0.07$0.15$0.08
2013Summary only. Only limited summary data is available for this year.$2.98$0.00$1.24$0.06$1.18