Civic Intelligence

Madison County Education Foundation Incorporated

EIN 58-1986660 • 501(c)3 • Marshall, NC

Profile

To provide assistance to madison county schools through the administration of scholarships and direct services to individual schools and students in need

5738 US 25/70 HwyMarshall, NC 28753

n/A

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

NTEE B90 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

99th percentile

4.91x

Higher debt load relative to revenue than 99% of similar nonprofits.

NTEE B90 • <$500k nonprofits • Source year 2025

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

NTEE B90 • <$500k nonprofits • Source year 2025

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

NTEE B90 • <$500k nonprofits • Source year 2025

Asset Growth

52nd percentile

1.7%

Faster asset growth than 52% of similar nonprofits.

NTEE B90 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

19th percentile

-43%

Faster revenue growth than 19% of similar nonprofits.

NTEE B90 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$266,256

Up $4,532 (+1.7%) from 2024

Liabilities

Up

$266,256

Up $4,532 (+1.7%) from 2024

Net Assets

Down

-$8,069

Down $8,069 from 2024

Operations
Liabilities / Revenue99th percentileNet Margin19th percentile

Revenue

Down

$54,185

Down $41,392 (-43%) from 2024

Expenses

Down

$62,254

Down $50,086 (-45%) from 2024

Net Income

Up

-$8,069

Up $8,694 (+52%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

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

$300K$200K$100K$0-$100KAssets 2013: $37,295Liabilities 2013: $0Net Assets 2013: $37,2952013Assets 2014: $44,891Liabilities 2014: $0Net Assets 2014: $44,8912014Assets 2015: $69,538Liabilities 2015: $0Net Assets 2015: $69,5382015Assets 2016: $49,189Liabilities 2016: $0Net Assets 2016: $49,1892016Assets 2017: $65,339Liabilities 2017: $0Net Assets 2017: $65,3392017Assets 2021: $115,180Liabilities 2021: $115,180Net Assets 2021: $02021Assets 2023: $278,486Liabilities 2023: $278,486Net Assets 2023: $02023Assets 2024: $261,724Liabilities 2024: $261,724Net Assets 2024: $02024Assets 2025: $266,256Liabilities 2025: $266,256Net Assets 2025: -$8,0692025

Highlighted filing

2025

Assets$266,256
Liabilities$266,256
Net Assets-$8,069
Open 2025 Filing

Operations Trend

Revenue Growth19th percentile

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

$200K$100K$0-$100KRevenue 2013: $167,433Expenses 2013: $185,325Net Income 2013: -$17,8922013Revenue 2014: $20,921Expenses 2014: $13,325Net Income 2014: $7,5962014Revenue 2015: $44,090Expenses 2015: $19,443Net Income 2015: $24,6472015Revenue 2016: $63,971Expenses 2016: $84,320Net Income 2016: -$20,3492016Revenue 2017: $56,227Expenses 2017: $40,234Net Income 2017: $15,9932017Revenue 2021: $96,808Expenses 2021: $93,186Net Income 2021: $3,6222021Revenue 2023: $178,323Expenses 2023: $20,021Net Income 2023: $158,3022023Revenue 2024: $95,577Expenses 2024: $112,340Net Income 2024: -$16,7632024Revenue 2025: $54,185Expenses 2025: $62,254Net Income 2025: -$8,0692025

Highlighted filing

2025

Revenue$54,185
Expenses$62,254
Net Income-$8,069
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$266,256
Liabilities
$266,256
Net assets
-$8,069
Revenue
$54,185
Expenses
$62,254
Net income
-$8,069
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.66$2.66$0.08$0.54$0.62$0.08
2024Detailed filing. Detailed filing data is available for this year.$2.62$2.62$0.00$0.96$1.12$0.17
2023Detailed filing. Detailed filing data is available for this year.$2.78$2.78$0.00$1.78$0.20$1.58
2021Detailed filing. Detailed filing data is available for this year.$1.15$1.15$0.00$0.97$0.93$0.04
2017Summary only. Only limited summary data is available for this year.$0.65$0.00$0.65$0.56$0.40$0.16
2016Summary only. Only limited summary data is available for this year.$0.49$0.00$0.49$0.64$0.84$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.44$0.19$0.25
2014Summary only. Only limited summary data is available for this year.$0.45$0.00$0.45$0.21$0.13$0.08
2013Summary only. Only limited summary data is available for this year.$0.37$0.00$0.37$1.67$1.85$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 7, 2025
Return Version
2024v5.2
Gross Receipts
$54,185
Mission and Program Overview

Mission

To provide assistance to madison county schools through the administration of scholarships and direct services to individual schools and students in need

Educational

Program Services

DescriptionGrantsExpenses
Construction Trades Program at High School-$0
Scholarships for Students-$0
Shoes for Needy Students-$0
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL WALLINTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Madison County Education Foundation Incorporated
EIN
58-1986660
In Care Of
% Michael Wallin
Phone
8286499276
Address
5738 US 25/70 Hwy, Marshall, NC 28753

Signing Officer

Name
Michael Wallin
Title
Treasurer
Phone
8286499276
Signed
2025-12-07
Supplemental Narrative

Additional Explanations

Part I Line 10

“Grants and other assistance to domestic individuals $62254.00”

Part II Line 26

“Deferred revenue. Beginning:$261724.00 Ending: $266256.00”

Raw XML Appendix115 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MICHAEL WALLIN
IRS990EZ/BooksInCareOfDetail/PhoneNum08286499276
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05738 US 25/70 Hwy
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Marshall
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028753
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0261724
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0266256
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt054185
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-8069
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0261724
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0266256
IRS990EZ/GrantsAndSimilarAmountsPaidAmt062254
IRS990EZ/GrossReceiptsAmt054185
IRS990EZ/InitialReturnInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-8069
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHAEL WALLIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Educational
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Construction Trades Program at High School
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Scholarships for Students
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Shoes for Needy Students
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt20
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0261724
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0266256
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt062254
IRS990EZ/TotalRevenueAmt054185
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt054185
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt095577
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0178323
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0464607
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt096808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0889500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0889500
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt054185
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt095577
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0178323
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0464607
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt096808
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0889500
IRS990ScheduleA/TotalSupportAmt0889500
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Grants and other assistance to domestic individuals $62254.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Deferred revenue. Beginning:$261724.00 Ending: $266256.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL WALLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08286499276
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Madison County Education Foundation Incorporated
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0581986660
ReturnHeader/Filer/InCareOfNm0% Michael Wallin
ReturnHeader/Filer/PhoneNum08286499276
ReturnHeader/Filer/USAddress/AddressLine1Txt05738 US 25/70 Hwy
ReturnHeader/Filer/USAddress/CityNm0Marshall
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028753
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02025-12-07T10:25:17-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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