Nonprofit · EIN 06-1450717
THE MADISON FOUNDATION INC
Tax-exempt · MADISON, CT 06443
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $505,167 | $363,810 | $141,357 | $2,450,342 | $0 | $2,450,342 |
| December 31, 2023 | 990 | $483,470 | $390,451 | $93,019 | $2,172,421 | $2,156 | $2,170,265 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $395,616
- Program service revenue
- $0
- Investment income
- $75,769
- Net gain from sales of assets
- $62,383
- Net income from fundraising events
- $33,782
- Other revenue
- $33,782
Expenses
- Grants and similar amounts paid
- $290,635
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,900
- Program services (functional)
- $290,635
- Management and general (functional)
- $69,932
- Fundraising (functional)
- $3,243
Balance sheet and other
- Total assets, start of year
- $2,172,421
- Total assets, end of year
- $2,450,342
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,450,342
- Land, buildings and equipment
- $54
- Publicly traded securities
- $2,121,115
- Net assets without donor restrictions
- $2,450,342
- Gross receipts
- $535,240
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1996
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID ALLEN | President Trustee or director, Officer | 3 | $0 |
| STEPHEN DOWLER | Vice President Trustee or director, Officer | 2 | $0 |
| ANDREW CIALEK | Treasurer Trustee or director, Officer | 3 | $0 |
| JOANNE DUBOSQUE | Director Trustee or director | 2 | $0 |
| GEOFF PALMER | Director Trustee or director | 2 | $0 |
| JON LECKERLING | Director Trustee or director | 2 | $0 |
| LAURIE HEFLIN | Director Trustee or director | 2 | $0 |
| KAREN SICLARI | Director Trustee or director | 2 | $0 |
| RENEE PALLENBERG | Director Trustee or director | 2 | $0 |
| LEIGH HIGGINS | Secretary Trustee or director | 2 | $0 |
| ALICE GORDON | DIRECTOR EMERITUS | 2 | $0 |
| GEOFF PALMER | DIRECTOR EMERITUS | 2 | $0 |
| JOHN BRADY | DIRECTOR EMERITUS | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID ALLEN | President Trustee or director, Officer | 3 | $0 |
| STEPHEN DOWLER | Vice President Trustee or director, Officer | 2 | $0 |
| RICK CAMP | Director Trustee or director | 3 | $0 |
| ANDREW CIALEK | Treasurer Trustee or director, Officer | 3 | $0 |
| JOANNE DUBOSQUE | Director Trustee or director | 2 | $0 |
| GEOFF PALMER | Director Trustee or director | 2 | $0 |
| PETER ROOS | President Trustee or director, Officer | 4 | $0 |
| JON LECKERLING | Director Trustee or director | 2 | $0 |
| CHRIS KILBOURNE | Director Trustee or director | 2 | $0 |
| LAURIE HEFLIN | Director Trustee or director | 2 | $0 |
| KAREN SICLARI | Director Trustee or director | 2 | $0 |
| RENEE PALLENBERG | Director Trustee or director | 2 | $0 |
| LEIGH HIGGINS | Secretary Trustee or director | 2 | $0 |
| ALICE GORDON | DIRECTOR EMERITUS | 2 | $0 |
| GEOFF PALMER | DIRECTOR EMERITUS | 2 | $0 |
| JOHN BRADY | DIRECTOR EMERITUS | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 446, MADISON, CT 06443-0446
- Principal officer (990 for 2024)
- PETER ROOS
- Signed the 990
- PETER ROOS, President
- Phone
- (203) 245-3887
- Website
- themadisonfoundation.org
- Return prepared by
- Mason DiMarco Shaw & Leone P C
Mission
CHARITABLE
Program accomplishments
- PROVIDE RESOURCES FOR PROJECTS THAT WILL INSTILL A SENSE OF PRIDE AND COMMITMENT TO THE TOWN OF MADISON, NURTURE THE CITIZENS AND PROTECT THE ENVIRONMENT.Expenses $232,575 · grants $232,575
- N2N program (Neighbor to Neighbor) - helping Town of Madison residents through current challenging times by monitoring and supporting the Town of Madison's social services and food pantry's needs.Expenses $58,060 · grants $58,060
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1450717
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E99)
- Assets (IRS master file)
- $2,450,342
- Income (IRS master file)
- $535,240
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $505,167 | $363,810 | $2,450,342 | IRS |
| 990 | December 2023 | $483,470 | $390,451 | $2,172,421 | XML |
| 990 | December 2022 | $430,540 | $292,911 | $1,917,568 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1450717).
Questions about THE MADISON FOUNDATION INC
- What is the EIN of THE MADISON FOUNDATION INC?
- The employer identification number (EIN) of THE MADISON FOUNDATION INC is 06-1450717.
- Is THE MADISON FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to THE MADISON FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MADISON FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE MADISON FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MADISON FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE MADISON FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names PETER ROOS.
- Who are the officers and directors of THE MADISON FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does THE MADISON FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $505,167, expenses of $363,810 and total assets of $2,450,342 at year end.
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