Civic Intelligence

Madison Education Foundation Inc.

990 • Fiscal year 2018 • EIN 43-2001702

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

Organization ProfileWWW.MEFNJ.ORG
PO Box 1093Madison, NJ 07940

(973) 660-0544

Siviq Scores

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

Liabilities / Assets

76th percentile

0.00x

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

2018 filings • NTEE B11 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

0.00x

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

2018 filings • NTEE B11 • <$500k nonprofits • Source year 2018

Net Margin

12th percentile

-28%

Higher net margin than 12% of similar nonprofits.

2018 filings • NTEE B11 • <$500k nonprofits • Source year 2018

Top Officer Pay

96th percentile

$0

Higher top officer pay than 96% of similar nonprofits.

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

2018 filings • NTEE B11 • <$500k nonprofits • Source year 2018

Asset Growth

24th percentile

-13%

Faster asset growth than 24% of similar nonprofits.

2018 filings • NTEE B11 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

-7.4%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • NTEE B11 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$232,774

Down $33,895 (-13%) from 2017

Net Assets

Down

$232,774

Down $33,895 (-13%) from 2017

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin12th percentile

Revenue

Down

$120,860

Down $9,625 (-7.4%) from 2017

Expenses

Up

$154,755

Up $22,516 (+17%) from 2017

Net Income

Down

-$33,895

Down $32,141 (-1832%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$300K$200K$100K$0Assets 2011: $145,171Liabilities 2011: $02011Assets 2012: $180,359Net Assets 2012: $180,3592012Assets 2013: $186,895Net Assets 2013: $186,8952013Assets 2014: $240,191Liabilities 2014: $0Net Assets 2014: $240,1912014Assets 2015: $236,620Liabilities 2015: $0Net Assets 2015: $236,6202015Assets 2016: $268,423Liabilities 2016: $0Net Assets 2016: $268,4232016Assets 2017: $266,669Net Assets 2017: $266,6692017Assets 2018: $232,774Liabilities 2018: $0Net Assets 2018: $232,7742018Assets 2019: $163,924Liabilities 2019: $0Net Assets 2019: $163,9242019Assets 2020: $163,661Liabilities 2020: $0Net Assets 2020: $163,6612020Assets 2021: $131,410Liabilities 2021: $0Net Assets 2021: $131,4102021Assets 2022: $153,850Liabilities 2022: $0Net Assets 2022: $153,8502022Assets 2023: $115,259Liabilities 2023: $0Net Assets 2023: $115,2592023Assets 2024: $142,202Liabilities 2024: $0Net Assets 2024: $142,2022024Assets 2025: $97,277Liabilities 2025: $1,850Net Assets 2025: $95,4272025

Highlighted filing

2018

Assets$232,774
Liabilities$0
Net Assets$232,774
Open 2018 Filing

Operations Trend

Revenue Growth39th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $125,637Expenses 2011: $94,477Net Income 2011: $31,1602011Revenue 2012: $129,064Expenses 2012: $93,876Net Income 2012: $35,1882012Revenue 2013: $138,912Expenses 2013: $132,376Net Income 2013: $6,5362013Revenue 2014: $165,100Expenses 2014: $111,804Net Income 2014: $53,2962014Revenue 2015: $158,963Expenses 2015: $162,534Net Income 2015: -$3,5712015Revenue 2016: $149,686Expenses 2016: $117,883Net Income 2016: $31,8032016Revenue 2017: $130,485Expenses 2017: $132,239Net Income 2017: -$1,7542017Revenue 2018: $120,860Expenses 2018: $154,755Net Income 2018: -$33,8952018Revenue 2019: $144,487Expenses 2019: $213,365Net Income 2019: -$68,8782019Revenue 2020: $100,537Expenses 2020: $100,800Net Income 2020: -$2632020Revenue 2021: $113,864Expenses 2021: $146,114Net Income 2021: -$32,2502021Revenue 2022: $99,086Expenses 2022: $76,646Net Income 2022: $22,4402022Revenue 2023: $100,837Expenses 2023: $139,428Net Income 2023: -$38,5912023Revenue 2024: $123,596Expenses 2024: $96,654Net Income 2024: $26,9422024Revenue 2025: $110,585Expenses 2025: $157,360Net Income 2025: -$46,7752025

Highlighted filing

2018

Revenue$120,860
Expenses$154,755
Net Income-$33,895
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$196,199
Mission and Program Overview

Mission

The madison education foundation was formed to (i)enhance and expand educational enrichment opportunities for all students in the madison public district and (ii) support long-range flexibility for district schools by encouraging community-wide participation and philantropy for educational initiatives. The mission of the foundation is to contribute to educational innovation by funding ideas proposed by faculty and staff that are designed to provide students with knoweldge and skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$266,669$232,774▼ $33,895
Total Assets$266,669$232,774▼ $33,895
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$266,669$232,774▼ $33,895
Total Net Assets Fund Balance$266,669$232,774▼ $33,895
Total Liabilities and Net Assets / Fund Balance$266,669$232,774▼ $33,895
Compensation and Service Providers
Top Officer Pay96th percentile

Board Members and Trustees

NameTitle
Colleen TaddeoCo-president
Diane RyanCo-president
Sue WaksmanSecretary
Tim KelleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$142,100
Program Service Revenue
$0
Investment Income
$479
Other Revenue
$-21,719
All Other Contributions
$121,698
Change in Net Assets
$-33,895

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table4$33,778
Total Noncash Contributions4$33,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$144,852
Other Expenses$9,903
Total Fundraising Expense$6,903
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$144,852--$144,852
Fees for Services Accounting-$3,000-$3,000
All Other Expenses--$1,157$1,157
Insurance--$601$601
Other Expenses--$455$455
Total Functional Expenses$144,852$3,000$6,903$154,755
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Madison High SchoolMadison, NJ--$69,017
Madison Junior SchoolMadison, NJ--$32,206
Central Ave SchoolMadison, NJ--$21,697
Kings Road SchoolMadison, NJ--$11,791
Torey J Sabatini SchoolMadison, NJ--$10,141
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$71,739
Fundraising Gross Income$48,740
Gaming Gross Income$4,880
Gaming Direct Expenses$3,600
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$29,485$18,562$25,742$-7,180
5k Run$10,882-$9,133-
Total Events$67,722$47,320$70,191$-22,871
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 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 treasurer of the organization will review the 990 before filing.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Madison Education Foundation
EIN
43-2001702
Phone
9736600544
Address
PO BOX 1093, MADISON, NJ 07940

Signing Officer

Name
Tim Kelley
Title
Treasurer
Signed
2019-05-14

Organization Details

Principal Officer
Tim Kelley
Formed
2003
Legal Domicile
Nj
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
50

Preparer

Firm
Odell & Critchley Pc
Address
333 MAIN STREET, MADISON, NJ 07940
Preparer
Paul Critchley CPA Cfp
Phone
9733770805
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The madison education foundation was formed to (i)enhance and expand educational enrichment opportunities for all students in the madison public district and (ii) support long-range flexibility for district schools by encouraging community-wide participation and philantropy for educational initiatives. The mission of the foundation is to contribute to educational innovation by funding ideas proposed by faculty and staff that are designed to provide students with knoweldge and skills.”

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

“Elementary school - funded faculty and staff programs related to school's basic curriculum, the arts, sciences and technology. The following items were donated: clay, wall mural, magnetic whiteboards, assess-pro curl-up mats, disc golf course, lulzbot mini 3d printers, hi- write specialty writing skills paper, calming corner and room, spanish litercy leveled reading library.”

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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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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CENTRAL AVE SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3KINGS ROAD SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4TOREY J SABATINI SCHOOL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0170 RIDGEDALE AVE
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt250 CENTRAL AVE
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt071 BOTTLES OF WINE AND 104 ITEMS WERE DONATED.
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IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MADISON EDUCATION FOUNDATION WAS FORMED TO (I)ENHANCE AND EXPAND EDUCATIONAL ENRICHMENT OPPORTUNITIES FOR ALL STUDENTS IN THE MADISON PUBLIC DISTRICT AND (II) SUPPORT LONG-RANGE FLEXIBILITY FOR DISTRICT SCHOOLS BY ENCOURAGING COMMUNITY-WIDE PARTICIPATION AND PHILANTROPY FOR EDUCATIONAL INITIATIVES. THE MISSION OF THE FOUNDATION IS TO CONTRIBUTE TO EDUCATIONAL INNOVATION BY FUNDING IDEAS PROPOSED BY FACULTY AND STAFF THAT ARE DESIGNED TO PROVIDE STUDENTS WITH KNOWELDGE AND SKILLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELEMENTARY SCHOOL - FUNDED FACULTY AND STAFF PROGRAMS RELATED TO SCHOOL'S BASIC CURRICULUM, THE ARTS, SCIENCES AND TECHNOLOGY. THE FOLLOWING ITEMS WERE DONATED: CLAY, WALL MURAL, MAGNETIC WHITEBOARDS, ASSESS-PRO CURL-UP MATS, DISC GOLF COURSE, LULZBOT MINI 3D PRINTERS, HI- WRITE SPECIALTY WRITING SKILLS PAPER, CALMING CORNER AND ROOM, SPANISH LITERCY LEVELED READING LIBRARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TREASURER OF THE ORGANIZATION WILL REVIEW THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0120860
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IRS990/WebsiteAddressTxt0WWW.MEFNJ.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM KELLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0432001702
ReturnHeader/Filer/PhoneNum09736600544
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1093
ReturnHeader/Filer/USAddress/CityNm0MADISON
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.240.175.2
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:11:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223838551
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ODELL & CRITCHLEY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0333 MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007940
ReturnHeader/PreparerPersonGrp/PhoneNum09733770805
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL CRITCHLEY CPA CFP
ReturnHeader/ReturnTs02019-05-15T10:11:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$232,774
Liabilities
$0
Net assets
$232,774
Revenue
$120,860
Expenses
$154,755
Net income
-$33,895
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.02$0.95$1.11$1.57$0.47
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.00$1.42$1.24$0.97$0.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.00$1.15$1.01$1.39$0.39
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.00$1.54$0.99$0.77$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$1.14$1.46$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.00$1.64$1.01$1.01$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.00$1.64$1.44$2.13$0.69
2018Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$1.21$1.55$0.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$2.67$1.30$1.32$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.68$0.00$2.68$1.50$1.18$0.32
2015Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$1.59$1.63$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.40$0.00$2.40$1.65$1.12$0.53
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$1.87$1.39$1.32$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$1.80$1.29$0.94$0.35
2011Summary only. Only limited summary data is available for this year.$1.45$0.00$1.26$0.94$0.31