Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
Madison Lee Memorial Fund
EIN 87-2335394 • 501(c)3 • Carlsbad, NM
Profile
To raise funds to build and maintain a park in a new neighborhood development in carlsbad, new mexico.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.01x
Liabilities / Revenue
74th percentile
Higher debt load relative to revenue than 74% of similar nonprofits.
Net Margin
16th percentile
Higher net margin than 16% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
14th percentile
Faster asset growth than 14% of similar nonprofits.
Revenue Growth
93rd percentile
Faster revenue growth than 93% of similar nonprofits.
Balance Sheet
Assets
Down$83,129
Down $31,260 (-27%) from 2023
Liabilities
Up$546
Up $546 from 2023
Net Assets
Down$82,583
Down $31,806 (-28%) from 2023
Revenue
Up$94,413
Up $63,935 (+210%) from 2023
Expenses
Up$126,219
Up $104,072 (+470%) from 2023
Net Income
Down-$31,806
Down $40,137 (-482%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $83,129
- Liabilities
- $546
- Net assets
- $82,583
- Revenue
- $94,413
- Expenses
- $126,219
- Net income
- -$31,806
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $0.83 | $0.01 | $0.83 | $0.94 | $1.26 | $0.32 |
| 2023Detailed filing. Detailed filing data is available for this year. | $1.14 | $0.00 | $1.14 | $0.30 | $0.22 | $0.08 |
| 2022Detailed filing. Detailed filing data is available for this year. | $1.09 | $0.03 | $1.06 | $1.18 | $0.20 | $0.98 |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 15, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $99,341
Mission and Program Overview
Mission
To raise funds to build and maintain a park in a new neighborhood development in carlsbad, new mexico.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| CONDUCT FUNDRAISING CAMPAIGNS TO SEEK DONATIONS FROM BUSINESSES AND INDIVIDUALS IN THE CARLSBAD COMMUNITY TO FUND THE CONSTRUCTION AND MAINTENANCE OF A NEW PARK. THE PARK WILL BE OPEN TO THE PUBLIC AND WILL INCLUDE PLAYGROUND EQUIPMENT, OPEN AREAS, BENCHES, AND PATHS FOR WALKING, BIKING, OR SKATING. DURING 2024, THE ORGANIZATION SPENT $77,351 TO PURCHASE TREES AND OTHER ITEMS FOR THE PARK. | $0 | $77,350 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SHEILA WALTERSCHEID | President | - | $0 | - | - |
| ESMERALDA BERNAL | Vice President/Secretary | - | $0 | - | - |
| NANCY BRANTLEY | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Madison Lee Memorial Fund
- EIN
- 87-2335394
- Phone
- 5753616302
- Address
- 5903 MILLIRON RD, CARLSBAD, NM 88220
Signing Officer
- Name
- Sheila Walterscheid
- Title
- President
- Phone
- 5753616302
- Signed
- 2025-11-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Baker Tilly Advisory Group Lp
- Address
- 6565 AMERICAS PARKWAY NE STE 600, ALBUQUERQUE, NM 87110
- Preparer
- Steven Talbot
- Phone
- 5058787200
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 7 - Sales of Inventory
“Income: gross receipts: 29,156. Returns and allowances: 0. Less cost of goods sold: 4,928. Gross profit: 24,228. Cost of goods sold: inventory at beginning of year: 0. Merchandise purchased: 4,928. Cost of labor: 0. Materials and supplies: 0. Other costs: 0. Inventory at end of year: 0. Cost of goods sold: 4,928.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: christmas shop expenses. Amount: 45,255. Description: merchant account fees. Amount: 2,417. Description: bank fees. Amount: 1,197. Description: park expenses. Amount: 77,350. Total to form 990-ez, line 16: 126,219.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: christmas store inventory. Beg. Of year amount: 58,845. End of year amount: 58,845. Description: sales tax receivable. Beg. Of year amount: 251. End of year amount: 0.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: sales tax payable. Beg. Of year amount: 0. End of year amount: 546.”
Raw XML Appendix149 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 |
|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | FIXED AND FILED LLC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3347964097 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 2004 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CARLSBAD |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NM |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 88221 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 55293 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 24284 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 70185 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 4928 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -31806 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 114389 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 83129 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 24228 |
| IRS990EZ/GrossReceiptsAmt | 0 | 99341 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 29156 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 114389 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 82583 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 114389 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 82583 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | SHEILA WALTERSCHEID |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | ESMERALDA BERNAL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | NANCY BRANTLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDENT/SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 59096 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 58845 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 126219 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO RAISE FUNDS TO BUILD AND MAINTAIN A PARK IN A NEW NEIGHBORHOOD DEVELOPMENT IN CARLSBAD, NEW MEXICO. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | CONDUCT FUNDRAISING CAMPAIGNS TO SEEK DONATIONS FROM BUSINESSES AND INDIVIDUALS IN THE CARLSBAD COMMUNITY TO FUND THE CONSTRUCTION AND MAINTENANCE OF A NEW PARK. THE PARK WILL BE OPEN TO THE PUBLIC AND WILL INCLUDE PLAYGROUND EQUIPMENT, OPEN AREAS, BENCHES, AND PATHS FOR WALKING, BIKING, OR SKATING. DURING 2024, THE ORGANIZATION SPENT $77,351 TO PURCHASE TREES AND OTHER ITEMS FOR THE PARK. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 77350 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NM |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 546 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 126219 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 77350 |
| IRS990EZ/TotalRevenueAmt | 0 | 94413 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 70185 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 29331 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 107536 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 29275 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 236327 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 82040 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 50610 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 185717 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 70185 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 29331 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 107536 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 29275 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 236327 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 236327 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | INCOME: GROSS RECEIPTS: 29,156. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 4,928. GROSS PROFIT: 24,228. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 4,928. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 4,928. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: CHRISTMAS SHOP EXPENSES. AMOUNT: 45,255. DESCRIPTION: MERCHANT ACCOUNT FEES. AMOUNT: 2,417. DESCRIPTION: BANK FEES. AMOUNT: 1,197. DESCRIPTION: PARK EXPENSES. AMOUNT: 77,350. TOTAL TO FORM 990-EZ, LINE 16: 126,219. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: CHRISTMAS STORE INVENTORY. BEG. OF YEAR AMOUNT: 58,845. END OF YEAR AMOUNT: 58,845. DESCRIPTION: SALES TAX RECEIVABLE. BEG. OF YEAR AMOUNT: 251. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: SALES TAX PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 546. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SHEILA WALTERSCHEID |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5753616302 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MADISON LEE MEMORIAL FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MADI |
| ReturnHeader/Filer/EIN | 0 | 872335394 |
| ReturnHeader/Filer/PhoneNum | 0 | 5753616302 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 5903 MILLIRON RD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CARLSBAD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NM |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 88220 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 390859910 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BAKER TILLY ADVISORY GROUP LP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 6565 AMERICAS PARKWAY NE STE 600 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ALBUQUERQUE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NM |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 87110 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5058787200 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | STEVEN TALBOT |
| ReturnHeader/ReturnTs | 0 | 2025-11-15T16:13:49-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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