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Nonprofit · EIN 39-2043104

MADISON PUBLIC SCHOOLS FOUNDATION INC

Tax-exempt · MADISON, WI 53713

Financials

$1.7M$2.8M2023$2M$2M2024
Revenue Expenses · by fiscal year end
Financials of MADISON PUBLIC SCHOOLS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,018,251$2,010,734$7,517$13,912,809$374,835$13,537,974
December 31, 2023990$1,660,947$2,800,576-$1,139,629$13,262,523$595,088$12,667,435
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,841,996
Program service revenue
$0
Investment income
$176,255
Other revenue
$0

Expenses

Grants and similar amounts paid
$910,716
Compensation of officers, directors and key employees
$159,082
Other salaries and wages
$473,990
Salaries, compensation and benefits (total)
$742,142
Professional fundraising fees
$0
Accounting fees
$66,469
Occupancy
$45,213
Depreciation
$39,129
Program services (functional)
$1,337,598
Management and general (functional)
$455,449
Fundraising (functional)
$217,687

Balance sheet and other

Total assets, start of year
$13,262,523
Total assets, end of year
$13,912,809
Total liabilities, end of year
$374,835
Net assets, end of year
$13,537,974
Land, buildings and equipment
$32,345
Publicly traded securities
$1,993,254
Net assets without donor restrictions
$10,546,832
Net assets with donor restrictions
$2,991,142
Gross receipts
$2,018,251
Employees
0
Volunteers
50
Year formed
2001
State of legal domicile
WI

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.

NameTitleHours / weekCompensationOther / benefits
MELINDA HEINRITZPRESIDENT
Officer
35$141,194$17,888
MARY ROMOLINOCHAIR (BEG AUG)
Trustee or director, Officer
1$0$0
GARY JORDANCHAIR (THRU JULY)/DIRECTOR (BEG AUG)
Trustee or director
1$0$0
JILL JOKELACHAIR-ELECT
Trustee or director, Officer
1$0$0
MICHELLE SLAWNYVICE CHAIR/SECRETARY (BEGAN NOV)
Trustee or director, Officer
1$0$0
GLORIA REYESVICE CHAIR/SECRETARY (THRU NOV)
Trustee or director, Officer
1$0$0
ALYSSA DOCKENDORFFTREASURER
Trustee or director, Officer
1$0$0
KATHY COSTELLODIRECTOR
Trustee or director
1$0$0
KERRY MOTOVILOFFDIRECTOR
Trustee or director
1$0$0
BETH GOEDDELDIRECTOR
Trustee or director
1$0$0
ANDY LYONSDIRECTOR
Trustee or director
1$0$0
TED JUNDIRECTOR
Trustee or director
1$0$0
DAN KENNELLYDIRECTOR
Trustee or director
1$0$0
ANNE MARIE MALECHADIRECTOR
Trustee or director
1$0$0
MANDY MARCUMDIRECTOR
Trustee or director
1$0$0
14 more people on this return
NameTitleHours / weekCompensation
MARTY MALLOYDIRECTOR
Trustee or director
1$0
JENNIFER KRAEMERDIRECTOR
Trustee or director
1$0
BADRI LANKELLADIRECTOR
Trustee or director
1$0
RICHARD MCGREGORYDIRECTOR
Trustee or director
1$0
CHRISTINA RIPLEYDIRECTOR
Trustee or director
1$0
JOE LUEDKEDIRECTOR
Trustee or director
1$0
GINA MALAGOLDDIRECTOR
Trustee or director
1$0
PETER SZOTKOWSKIDIRECTOR
Trustee or director
1$0
JORDAN TAYLORDIRECTOR
Trustee or director
1$0
ALLISON REIMANNDIRECTOR (THRU JULY)
Trustee or director
1$0
BENJAMIN DICKEYDIRECTOR (THRU JULY)
Trustee or director
1$0
GISELE SUTHERLANDDIRECTOR (THRU JULY)
Trustee or director
1$0
SAMANTHA BARUAHDIRECTOR (THRU JULY)
Trustee or director
1$0
LISA KVISTADDIRECTOR (THRU JULY)
Trustee or director
1$0
990 for the year ended December 31, 2023: 30 people
NameTitleHours / weekCompensationOther / benefits
MELINDA HEINRITZPRESIDENT
Officer
35$131,288$15,749
MARTY MALLOYCHAIR (THRU JULY)
Trustee or director, Officer
1$0$0
GARY JORDANCHAIR (FROM AUGUST)
Trustee or director, Officer
1$0$0
MARY ROMOLINOCHAIR-ELECT (THRU AUGUST)
Trustee or director, Officer
1$0$0
DANIEL NERADCHAIR-ELECT (FROM NOVEMBER)
Trustee or director, Officer
1$0$0
MELISSA SCHOLZVICE CHAIR/SECRETARY (THRU APRIL)
Trustee or director, Officer
1$0$0
GLORIA REYESVICE CHAIR/SECRETARY
Trustee or director, Officer
1$0$0
ALYSSA HARTUNGTREASURER
Trustee or director, Officer
1$0$0
KATHY COSTELLODIRECTOR
Trustee or director
1$0$0
MIKE HERTTINGDIRECTOR (THRU AUGUST)
Trustee or director
1$0$0
ALLISON REIMANNDIRECTOR
Trustee or director
1$0$0
KERRY MOTOVILOFFDIRECTOR
Trustee or director
1$0$0
DEB NEFFDIRECTOR (THRU AUGUST)
Trustee or director
1$0$0
BENJAMIN DICKEYDIRECTOR
Trustee or director
1$0$0
BETH GOEDDELDIRECTOR
Trustee or director
1$0$0
GISELE SUTHERLANDDIRECTOR
Trustee or director
1$0$0
ANDY LYONSDIRECTOR
Trustee or director
1$0$0
SUZANNE DOVEDIRECTOR (THRU SEPTEMBER)
Trustee or director
1$0$0
SAMANTHA BARUAHDIRECTOR
Trustee or director
1$0$0
TED JUNDIRECTOR
Trustee or director
1$0$0
DAN KENNELLYDIRECTOR
Trustee or director
1$0$0
ANN MARIE MALECHADIRECTOR
Trustee or director
1$0$0
MANDY MARCUMDIRECTOR
Trustee or director
1$0$0
JILL JOKELADIRECTOR
Trustee or director
1$0$0
DANIEL SIMSDIRECTOR (THRU JULY)
Trustee or director
1$0$0
JENNIFER KRAEMERDIRECTOR
Trustee or director
1$0$0
BADRI LANKELLADIRECTOR
Trustee or director
1$0$0
RICHARD MCGREGORYDIRECTOR
Trustee or director
1$0$0
CHRISTINA RIPLEYDIRECTOR
Trustee or director
1$0$0
JOE LUEDKEDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2005 W BELTLINE HWY STE 203, MADISON, WI 53713-2314
Principal officer (990 for 2024)
MELINDA HEINRITZ, 2005 W BELTLINE HIGHWAY 203, MADISON, WI 53713
Signed the 990
MELINDA HEINRITZ, PRESIDENT
Phone
(608) 210-6900
Return prepared by
WEGNER CPAS LLP

Mission

THE FOUNDATION IS COMMITTED TO SUPPORTING THE EDUCATION OF EVERY CHILD BY RAISING PRIVATE FUNDS, AWARDING GRANTS, DEVELOPING COMMUNITY PARTNERSHIPS, AND ADVOCATING FOR MADISON'S PUBLIC SCHOOLS.

990 for the year ended December 31, 2024

Program accomplishments

  • GRANTS, SCHOLARSHIPS, AND FISCAL AGENT SERVICES - SUPPORTS THE DISTRICT'S SCHOOLS, PROGRAMS, PROJECTS, AND STUDENTS.
    Expenses $594,240 · grants $501,922
  • COMMUNITY PARTNERSHIPS - SUPPORTS THE IDENTIFICATION AND DEVELOPMENT OF PARTNERSHIPS BETWEEN SCHOOLS IN THE DISTRICT WITH LOCAL BUSINESSES AND OTHER ORGANIZATIONS. THE FOUNDATION MANAGES THREE PROGRAMS IN THIS AREA: THE ADOPT-A-SCHOOL PROGRAM, SCHOOLS MAKE MADISON SUMMIT, AND THE TEACHER SUPPORT NETWORK.
    Expenses $589,089 · grants $407,256
  • ADVOCATES - PROVIDES AWARENESS AND CAMPAIGNING EFFORTS TO THE DISTRICT.
    Expenses $90,697
  • PROJECT ALUMNI - SUPPORTS THE CONNECTING OF ALUMNI WITH FELLOW ALUMNI, FACULTY, STUDENTS, AND STAFF IN ORDER TO CREATE A COMMUNITY THAT FACILITATES THE DELIVERY OF A WIDE ARRAY OF RESOURCES: INTELLECTUAL, ACADEMIC, CAREER, COLLEGIATE, NETWORKING, AND PHILANTHROPIC.
    Expenses $62,034
  • ANY GIVEN CHILD - SUPPORTS THE PARTNERSHIPS OF THE DISTRICT, OVERTURE CENTER FOR THE ARTS, AND THE CITY OF MADISON THAT IS COMMITTED TO ENSURING STUDENTS HAVE A QUALITY, WELL-ROUNDED EDUCATION THAT PROVIDES ACCESS TO THE ARTS.
    Expenses $1,538 · grants $1,538
  • COMMUNITY SCHOOLS - SUPPORTS THE DISTRICT'S PROGRAMS, CREATING A WELCOMING AND INCLUSIVE PLACE THAT BUILDS ON THE ASSETS OF THE COMMUNITY TO HELP SERVE THE IDENTIFIED NEEDS OF THE STUDENTS, FAMILIES AND COMMUNITY THROUGH WELL INTEGRATED AND COORDINATED, STRATEGIC PARTNERSHIPS. COMMUNITY SCHOOLS OFFER A SUITE OF INTERCONNECTED SERVICES THAT MAY INCLUDE TUTORING, EARLY CHILDHOOD LEARNING SUPPORT, MENTORING, MENTAL HEALTH SERVICES, FOOD ACCESS, AND RECREATION AND ARTS ACTIVITIES.0

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
39-2043104
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
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B112)
Assets (IRS master file)
$13,912,809
Income (IRS master file)
$2,018,251

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,018,251$2,010,734$13,912,809XML
990December 2023$1,660,947$2,800,576$13,262,523XML
990December 2022$1,716,885$2,075,053$13,553,610IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 39-2043104).

Questions about MADISON PUBLIC SCHOOLS FOUNDATION INC

What is the EIN of MADISON PUBLIC SCHOOLS FOUNDATION INC?
The employer identification number (EIN) of MADISON PUBLIC SCHOOLS FOUNDATION INC is 39-2043104.
Is MADISON PUBLIC SCHOOLS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to MADISON PUBLIC SCHOOLS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MADISON PUBLIC SCHOOLS 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 MADISON PUBLIC SCHOOLS 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 MADISON PUBLIC SCHOOLS 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 MADISON PUBLIC SCHOOLS FOUNDATION INC?
The 990 for the year ended December 31, 2024 names MELINDA HEINRITZ.
Who are the officers and directors of MADISON PUBLIC SCHOOLS FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 29 people; 1 received compensation from the organization, the highest $141,194 (MELINDA HEINRITZ, PRESIDENT).
How much revenue does MADISON PUBLIC SCHOOLS FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,018,251, expenses of $2,010,734 and total assets of $13,912,809 at year end.

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