Civic Intelligence

James Madison Education Fund Inc

EIN 52-1906471 • 501(c)3 • Alexandria, VA

Profile

To support the purposes and activities of the james madison memorial fellowship foundation.(continued on schedule o)

1613 Duke StreetAlexandria, VA 22314-3406

support.jamesmadisonfund.org

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

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

Liabilities / Revenue

15th percentile

0.03x

Higher debt load relative to revenue than 15% of similar nonprofits.

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

Net Margin

88th percentile

48%

Higher net margin than 88% of similar nonprofits.

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

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

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

Asset Growth

64th percentile

8.7%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

69%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$23,118,989

Up $1,844,145 (+8.7%) from 2023

Liabilities

Up

$31,302

Up $22,304 (+248%) from 2023

Net Assets

Up

$23,087,687

Up $1,821,841 (+8.6%) from 2023

Operations
Liabilities / Revenue15th percentileNet Margin88th percentile

Revenue

Up

$1,173,433

Up $478,169 (+69%) from 2023

Expenses

Up

$611,927

Up $84,333 (+16%) from 2023

Net Income

Up

$561,506

Up $393,836 (+235%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth64th percentile

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

$30M$20M$10M$0Assets 2011: $9,837,249Liabilities 2011: $8,460Net Assets 2011: $9,828,7892011Assets 2012: $10,819,328Liabilities 2012: $8,640Net Assets 2012: $10,810,6882012Assets 2013: $12,475,245Liabilities 2013: $6,058Net Assets 2013: $12,469,1872013Assets 2014: $13,146,840Liabilities 2014: $4,210Net Assets 2014: $13,142,6302014Assets 2015: $12,933,915Liabilities 2015: $4,321Net Assets 2015: $12,929,5942015Assets 2016: $14,026,807Liabilities 2016: $4,904Net Assets 2016: $14,021,9032016Assets 2017: $15,645,960Liabilities 2017: $28,288Net Assets 2017: $15,617,6722017Assets 2018: $14,601,409Liabilities 2018: $3,786Net Assets 2018: $14,597,6232018Assets 2019: $17,133,857Liabilities 2019: $7,782Net Assets 2019: $17,126,0752019Assets 2020: $19,099,414Liabilities 2020: $12,252Net Assets 2020: $19,087,1622020Assets 2021: $21,608,626Liabilities 2021: $6,508Net Assets 2021: $21,602,1182021Assets 2022: $18,912,728Liabilities 2022: $29,148Net Assets 2022: $18,883,5802022Assets 2023: $21,274,844Liabilities 2023: $8,998Net Assets 2023: $21,265,8462023Assets 2024: $23,118,989Liabilities 2024: $31,302Net Assets 2024: $23,087,6872024

Highlighted filing

2024

Assets$23,118,989
Liabilities$31,302
Net Assets$23,087,687
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

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

$1.5M$1.0M$500K$0Expenses 2011: $63,9682011Expenses 2012: $186,0872012Revenue 2013: $446,143Expenses 2013: $260,701Net Income 2013: $185,4422013Revenue 2014: $545,172Expenses 2014: $276,095Net Income 2014: $269,0772014Revenue 2015: $591,941Expenses 2015: $274,138Net Income 2015: $317,8032015Revenue 2016: $590,522Expenses 2016: $423,863Net Income 2016: $166,6592016Revenue 2017: $664,346Expenses 2017: $315,058Net Income 2017: $349,2882017Revenue 2018: $701,458Expenses 2018: $347,627Net Income 2018: $353,8312018Revenue 2019: $747,399Expenses 2019: $368,442Net Income 2019: $378,9572019Revenue 2020: $534,932Expenses 2020: $251,196Net Income 2020: $283,7362020Revenue 2021: $808,486Expenses 2021: $576,641Net Income 2021: $231,8452021Revenue 2022: $785,616Expenses 2022: $353,937Net Income 2022: $431,6792022Revenue 2023: $695,264Expenses 2023: $527,594Net Income 2023: $167,6702023Revenue 2024: $1,173,433Expenses 2024: $611,927Net Income 2024: $561,5062024

Highlighted filing

2024

Revenue$1,173,433
Expenses$611,927
Net Income$561,506
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$23,118,989
Liabilities
$31,302
Net assets
$23,087,687
Revenue
$1,173,433
Expenses
$611,927
Net income
$561,506
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$0.03$23.1$1.17$0.61$0.56
2023Detailed filing. Detailed filing data is available for this year.$21.3$0.01$21.3$0.70$0.53$0.17
2022Detailed filing. Detailed filing data is available for this year.$18.9$0.03$18.9$0.79$0.35$0.43
2021Detailed filing. Detailed filing data is available for this year.$21.6$0.01$21.6$0.81$0.58$0.23
2020Detailed filing. Detailed filing data is available for this year.$19.1$0.01$19.1$0.53$0.25$0.28
2019Detailed filing. Detailed filing data is available for this year.$17.1$0.01$17.1$0.75$0.37$0.38
2018Detailed filing. Detailed filing data is available for this year.$14.6$0.00$14.6$0.70$0.35$0.35
2017Detailed filing. Detailed filing data is available for this year.$15.6$0.03$15.6$0.66$0.32$0.35
2016Detailed filing. Detailed filing data is available for this year.$14.0$0.00$14.0$0.59$0.42$0.17
2015Detailed filing. Detailed filing data is available for this year.$12.9$0.00$12.9$0.59$0.27$0.32
2014Detailed filing. Detailed filing data is available for this year.$13.1$0.00$13.1$0.55$0.28$0.27
2013Detailed filing. Detailed filing data is available for this year.$12.5$0.01$12.5$0.45$0.26$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$0.01$10.8$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.84$0.01$9.83$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,198,376
Mission and Program Overview

Mission

To support the purposes and activities of the james madison memorial fellowship foundation. The james madison memorial fellowship foundation was created to encourage graduate study of the american constitution, its roots, its formation, its principles and its development. In combination with the foundation's endowment, the james madison education fund strengthens efforts to promote and teach the u.s.constitution in secondary level classrooms. This is done principally by providing graduate level education opportunities for secondary teachers of american history and government from across the nation. The fund also helps pay other legitimate program and overhead costs association with the james madison fellowship program.

To support the purposes and activities of the james madison memorial fellowship foundation.(continued on schedule o)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$18,756,855$20,583,343▲ $1,826,488
Land, Buildings, and Equipment, Net$2,037,688$1,975,051▼ $62,637
Cash and Non-Interest-Bearing Accounts$419,602$472,107▲ $52,505
Accounts Receivable$49,838$78,583▲ $28,745
Prepaid Expenses and Deferred Charges$8,852$7,896▼ $956
Total Assets$21,274,844$23,118,989▲ $1,844,145
Other Assets Total$2,009$2,009→ $0
Liabilities
Accounts Payable and Accrued Expenses$8,998$31,302▲ $22,304
Total Liabilities$8,998$31,302▲ $22,304
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,184,036$22,883,276▲ $1,699,240
Net Assets With Donor Restrictions$81,810$204,411▲ $122,601
Total Net Assets Fund Balance$21,265,846$23,087,687▲ $1,821,841
Total Liabilities and Net Assets / Fund Balance$21,274,844$23,118,989▲ $1,844,145

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,560,929$858,002$2,418,931
Land$396,000-$396,000
Equipment$6,797$77,931$84,728
Investment Program Related Org$20,583,343--
Other Land Buildings$11,325$24,811-
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Lewis F LarsenPresident Till 10124
Julie E AdamsEsceo Start 102024
Oliver a AlwesSecretary
Clare IglesiasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$223,348
Program Service Revenue
$0
Investment Income
$716,700
Other Revenue
$233,385
All Other Contributions
$223,348
Change in Net Assets
$561,506

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,076,844
Revenue Not Reported on Financial Statements
$96,589
Revenue Not Reported on Form 990
$24,943
Total Revenue per Audited Statements
$1,101,787
Total Revenue per Form 990
$1,173,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$450,351
Grants and Similar Amounts Paid$161,576
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$157,757--$157,757
Fees for Services Other$116,292$14,402-$130,694
Fees for Service Investment Mgmnt Fees-$96,589-$96,589
Depreciation Depletion$71,647$7,961-$79,608
Office Expenses$27,533$3,046-$30,579
Fees for Services Lobbying$24,500--$24,500
Occupancy$15,383$1,709-$17,092
Advertising$11,486$1,276-$12,762
Conferences and Meetings$10,949$1,040-$11,989
Insurance$9,827$1,092-$10,919
Other Expenses$6,844$760-$7,604
Travel$3,784$420-$4,204
Grants to Domestic Individuals$3,819--$3,819
Fees for Services Accounting-$3,000-$3,000
Total Functional Expenses$478,551$133,376$0$611,927

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$611,927
Total Expenses per Audited Statements$540,281
Expenses per Audited Statements$515,338
Expenses Not Reported on Financial Statements$96,589
Expenses Not Reported on Form 990$24,943
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
James Madison Memorial FellowshipAlexandria, VA501c1Education$157,757
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
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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 governing body review Part VI line 11

“Management was provided a copy of the return for review prior to submission to the taxing authorities.”

Governing documents etc available to public Part VI line 19

“All governing documents of the organization are available upon request.”

Filing and Contact Details

Filer

Filer Name
James Madison Education Fund Inc
EIN
52-1906471
In Care Of
% CLARE IGLESIAS
Phone
5718584202
Address
1613 Duke Street, Alexandria, VA 22314-3406

Signing Officer

Name
Clare Iglesias
Title
Treasurer
Phone
5718584202
Signed
2025-11-17
Discuss with paid preparer
No

Organization Details

Principal Officer
Julie E Adams
Formed
1994
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Pr CPA Solutions LLC
Address
10325 KENSINGTON PKWY No 205, Kensington, MD 20895
Preparer
Ismenia Pena-romero
Phone
2024311046
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Professional fees:program service expenses $116,292management and general expenses 14,402fundraising expenses 0total professional fees expense $130,694total other fees on form 990, part ix, line 11g, col a $130,694”

General explanation attachment

“Form 990, part i, line 1, description of organization mission (continued):the james madison memorial fellowship foundation was created to encourage graduate study of the american constitution, its roots, its formation, its principles and its development. In combination with the foundations endowment, the james madison education fund strengthens efforts to promote and teach the u.s. Constitution in secondary level classrooms. This is done principally by providing graduate level education opportunities for secondary teachers of american history and government from across the nation. The fund also helps pay other legitimate program costs associated with the james madison memorial fellowship foundation program.”

Financial Statement Notes

Part XI, Line 2D-Other revenue included on Sch D but not on 990

“Rental expenses of $ 24,943 deducted from gross rental income”

Part XII, Line 2D-Other expenses included on Sch D but not on 990

“Rental expenses of $ 24,943 deducted from gross rental income”

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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/ProgSrvcAccomActy2Grp/Desc0CONSTITUTIONAL CONVERSATIONS VIDEO SERIES: TO FULFILL THE FOUNDATIONS MISSION TO PROVIDE RESOURCES FOR ALL TEACHERS ABOUT THE CONSTITUTION, THE FOUNDATION HAS EMBARKED ON A MULTI-YEAR VIDEO PROJECT, CONSTITUTIONAL CONVERSATIONS ABOUT THE PRINCIPLES, FRAMING, RATIFICATION, AND IMPLEMENTATION OF AMERICAN CONSTITUTIONAL GOVERNMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt082108
IRS990/ProgSrvcAccomActy3Grp/Desc0TEACHER OUTREACH: THE ANNUAL JAMES MADISON LECTURE IS HELD EACH JULY AND BRINGS OUTSTANDING SCHOLARS OF THE AMERICAN CONSTITUTION TO WASHINGTON, DC TO ADDRESS THE SUMMER INSTITUTE PARTICIPANTS. THE SYMPOSIUM IS ALSO THE ANNUAL ALUMNAE GATHERING FOR ALL JAMES MADISON FELLOWS, AND THE EVENT IS OPEN TO THE PUBLIC.
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0INNOVATIVE POLICY, PLLC WAS EDUCATING POLICYMAKERS ABOUT THE JAMES MADISON MEMORIAL FELLOWSHIP FOUNDATION. TO REQUEST FEDERAL SUPPORT. TO MONITOR LEGISLATIVE DEVELOPMENTS, AND TO DEVELOP RELATIONSHIPS TO ADVANCE THE MISSION OF THE JAMES MADISON MEMORIAL FELLOWSHIP FOUNDATION OF EDUCATING SECONDARY EDUCATORS ON THE CONSTITUTION.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES OF $ 24,943 DEDUCTED FROM GROSS RENTAL INCOME
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES OF $ 24,943 DEDUCTED FROM GROSS RENTAL INCOME
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d-Other revenue included on Sch D but not on 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d-Other expenses included on Sch D but not on 990
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01613 DUKE STREET
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FUNDS GRANTS ARE CONSISTENT WITH THE CRITERIA AND REQUIREMENTS OF THE TERMS FOR GRANTS BY THE JAMES MADISON MEMORIAL FELLOWSHIP FOUNDATION AS ENUMERATED IN LAW AND REGULATION (SEE 20 USC 4501 ET SEQ.). THE FUND MONITORS THAT SUCH GRANTS ARE IMPLEMENTED ACCORDINGLY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT WAS PROVIDED A COPY OF THE RETURN FOR REVIEW PRIOR TO SUBMISSION TO THE TAXING AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL GOVERNING DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSIONAL FEES:PROGRAM SERVICE EXPENSES $116,292MANAGEMENT AND GENERAL EXPENSES 14,402FUNDRAISING EXPENSES 0TOTAL PROFESSIONAL FEES EXPENSE $130,694TOTAL OTHER FEES ON FORM 990, PART IX, LINE 11G, COL A $130,694
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION (CONTINUED):THE JAMES MADISON MEMORIAL FELLOWSHIP FOUNDATION WAS CREATED TO ENCOURAGE GRADUATE STUDY OF THE AMERICAN CONSTITUTION, ITS ROOTS, ITS FORMATION, ITS PRINCIPLES AND ITS DEVELOPMENT. IN COMBINATION WITH THE FOUNDATIONS ENDOWMENT, THE JAMES MADISON EDUCATION FUND STRENGTHENS EFFORTS TO PROMOTE AND TEACH THE U.S. CONSTITUTION IN SECONDARY LEVEL CLASSROOMS. THIS IS DONE PRINCIPALLY BY PROVIDING GRADUATE LEVEL EDUCATION OPPORTUNITIES FOR SECONDARY TEACHERS OF AMERICAN HISTORY AND GOVERNMENT FROM ACROSS THE NATION. THE FUND ALSO HELPS PAY OTHER LEGITIMATE PROGRAM COSTS ASSOCIATED WITH THE JAMES MADISON MEMORIAL FELLOWSHIP FOUNDATION PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3General explanation attachment
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