Nonprofit · EIN 39-6038248
MADISON COMMUNITY FOUNDATION
Tax-exempt · MADISON, WI 53703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $55,328,598 | $19,022,281 | $36,306,317 | $347,573,285 | $42,369,811 | $305,203,474 |
| December 31, 2023 | 990 | $20,094,904 | $15,254,728 | $4,840,176 | $294,109,737 | $37,936,359 | $256,173,378 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $44,028,384
- of which government grants
- $26,076
- Program service revenue
- $0
- Investment income
- $11,298,439
- Net gain from sales of assets
- $7,308,388
- Other revenue
- $1,775
Expenses
- Grants and similar amounts paid
- $15,553,217
- Compensation of officers, directors and key employees
- $554,912
- Other salaries and wages
- $1,257,238
- Salaries, compensation and benefits (total)
- $2,105,777
- Professional fundraising fees
- $0
- Legal fees
- $68,845
- Accounting fees
- $54,943
- Occupancy
- $143,305
- Travel
- $11,322
- Depreciation
- $42,844
- Program services (functional)
- $16,136,146
- Management and general (functional)
- $1,843,289
- Fundraising (functional)
- $1,042,846
Balance sheet and other
- Total assets, start of year
- $294,109,737
- Total assets, end of year
- $347,573,285
- Total liabilities, end of year
- $42,369,811
- Net assets, end of year
- $305,203,474
- Land, buildings and equipment
- $114,566
- Publicly traded securities
- $44,685,660
- Net assets without donor restrictions
- $302,380,861
- Net assets with donor restrictions
- $2,822,613
- Gross unrelated business income
- $545,217
- Gross receipts
- $79,428,609
- Employees
- 20
- Volunteers
- 35
- Year formed
- 1942
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT SORGE | PRESIDENT & CEO Officer | 40 | $283,650 | $19,981 |
| CARMEN JESCHKE | VP FINANCE & OPERATIONS Officer | 40 | $132,756 | $48,861 |
| DAVID KOEHLER | VP DONOR ENGAGEMENT Highest-paid employee | 40 | $141,971 | $10,595 |
| PRINCIPAL CUSTODY SOLUTIONS | SERVICES, CUSTODIAN Institutional trustee | 5 | $69,665 | $0 |
| CHRISTINE BARDEN | BOARD CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| ANNE LUCKE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GARY MECKLENBURG | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANNA BURISH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EG SCHRAMKA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EUGENIA PODESTA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FRANCES HUNTLEY-COOPER | BOARD MEMBER (START 02/2024) Trustee or director | 1 | $0 | $0 |
| GLORIA LADSON-BILLINGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF BARTELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NANCY BOEBEL | BOARD MEMBER (START 02/2024) Trustee or director | 1 | $0 | $0 |
| NATALIE ERDMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NOBLE WRAY | BOARD MEMBER Trustee or director | 1 | $0 |
| THERESE GULBRANSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| TRIPP WIDDER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT SORGE | PRESIDENT & CEO Officer | 40 | $234,284 | $42,131 |
| CARMEN JESCHKE | VP FINANCE & OPERATIONS Officer | 40 | $136,944 | $42,331 |
| TOM LINFIELD | VP COMMUNITY IMPACT Officer | 40 | $139,008 | $11,434 |
| DAVID KOEHLER | VP DONOR ENGAGEMENT Officer | 40 | $137,866 | $10,301 |
| PRINCIPAL CUSTODY SOLUTIONS | SERVICES, CUSTODIAN Institutional trustee | 5 | $64,171 | $0 |
| CHRISTINE BARDEN | BOARD CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| ANNE LUCKE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GARY MECKLENBURG | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROBERTA GASSMAN | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 |
| AL FRIEDMAN | BOARD MEMBER (TERM 02/2023) Trustee or director | 1 | $0 | $0 |
| ANNA BURISH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR JACK E DANIELS III | BOARD MEMBER (TERM 02/2023) Trustee or director | 1 | $0 | $0 |
| EG SCHRAMKA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EUGENIA PODESTA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GLORIA LADSON-BILLINGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF BARTELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NATALIE ERDMAN | BOARD MEMBER (START 02/2023) Trustee or director | 1 | $0 | $0 |
| NOBLE WRAY | BOARD MEMBER (START 02/2023) Trustee or director | 1 | $0 | $0 |
| RON MENSINK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHIVA BIDAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THERESE GULBRANSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TRIPP WIDDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 111 N FAIRCHILD ST STE 260, MADISON, WI 53703-2830
- Principal officer (990 for 2024)
- ROBERT SORGE, 111 N FAIRCHILD ST 260, MADISON, WI 537032830
- Signed the 990
- CARMEN JESCHKE, VP OF FINANCE & OPERATIONS
- Phone
- (608) 232-1763
- Website
- WWW.MADISONGIVES.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
MADISON COMMUNITY FOUNDATION WILL ENGAGE GREATER MADISON IN PHILANTHROPY TO ADVANCE A MORE VIBRANT AND EQUITABLE COMMUNITY.
Program accomplishments
- CREATION OF PERMANENT CHARITABLE FUNDS, ADMINISTATION AND INVESTMENT OF THOSE FUNDS, AND GRANTS TO CHARITABLE ORGANIZATIONS, PRIMARILY IN THE AREA OF DANE COUNTY, WISCONSIN. GRANTS ARE MADE BOTH THROUGH A COMPETITIVE PROPOSAL PROCESS AND IN RESPONSE TO RECOMMENDATIONS FROM DONOR FUNDHOLDERS. 45 NEW FUNDS WERE CREATED IN 2024; 1,304 FUNDS WERE HELD AT THE END OF 20242,350 GIFTS WERE RECEIVED FROM 1,018 DONORSANNUALIZED INVESTMENT RETURN, NET OF FEES, AS OF 12/31/24 WAS: 10.1% (1YR); 3.5% (3YRS); 7.7% (5YRS); 7.6% (10YRS); 7.4% (15YRS) PERCENTILE RANKING IN INVESTMENT SURVEY OF PEER COMMUNITY FOUNDATIONS WAS: 44% (1YR); 81% (3YRS); 57% (5YRS); 71% (7YRS); 93% (10YRS)2,105 GRANTS WERE DISTRIBUTED63% OF GRANTS WERE DISTRIBUTED TO ORGANIZATIONS IN DANE COUNTY, 18% TO ORGANIZATIONS IN OTHER WISCONSIN COUNTIES, 19% TO ORGANIZATIONS IN OTHER STATES.Expenses $16,136,146 · grants $15,553,217
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
- 39-6038248
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $347,573,285
- Income (IRS master file)
- $79,428,609
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $55,328,598 | $19,022,281 | $347,573,285 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $20,094,904 | $15,254,728 | $294,109,737 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $36,932,800 | $17,888,026 | $272,378,291 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 39-6038248).
Questions about MADISON COMMUNITY FOUNDATION
- What is the EIN of MADISON COMMUNITY FOUNDATION?
- The employer identification number (EIN) of MADISON COMMUNITY FOUNDATION is 39-6038248.
- Is MADISON COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to MADISON COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISON COMMUNITY FOUNDATION 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 COMMUNITY FOUNDATION 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 COMMUNITY FOUNDATION 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 COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names ROBERT SORGE.
- Who are the officers and directors of MADISON COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 18 people; 4 received compensation from the organization, the highest $283,650 (ROBERT SORGE, PRESIDENT & CEO).
- How much revenue does MADISON COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $55,328,598, expenses of $19,022,281 and total assets of $347,573,285 at year end.
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All nonprofits in MADISON · Wisconsin · Philanthropy, voluntarism and grantmaking foundations