Nonprofit · EIN 39-6058644
KIWANIS CLUB OF MADISON FOUNDATION
Tax-exempt · MONONA, WI 53716
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $116,229 | $296,435 | -$180,206 | $1,895,662 | $0 | $1,895,662 |
| December 31, 2023 | 990 | $74,263 | $108,074 | -$33,811 | $1,934,764 | $0 | $1,934,764 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,063
- Program service revenue
- $0
- Investment income
- $113,166
- Net gain from sales of assets
- $68,597
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $290,414
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $600
- Program services (functional)
- $290,414
- Management and general (functional)
- $6,021
Balance sheet and other
- Total assets, start of year
- $1,934,764
- Total assets, end of year
- $1,895,662
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,895,662
- Publicly traded securities
- $1,865,033
- Net assets without donor restrictions
- $1,313,921
- Net assets with donor restrictions
- $581,741
- Gross receipts
- $1,100,479
- Employees
- 0
- Year formed
- 1960
- 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 |
|---|---|---|---|
| COE WILLIAMS | Director Trustee or director | 0 | $0 |
| CORKY HEMPE | Director Trustee or director | 0 | $0 |
| ED YOUNG | Director Trustee or director | 0 | $0 |
| CHARLOTTE WOODS | Director Trustee or director | 0 | $0 |
| JIM PATCH | Director Trustee or director | 0 | $0 |
| ANGEL MCCLAREY | Director Trustee or director | 0 | $0 |
| BILL SCHULTZ | Director Trustee or director | 0 | $0 |
| KEN KOSCIK | Treasurer Officer | 0 | $0 |
| MICHAEL DORAN | President Officer | 0 | $0 |
| PETER FISHER | Secretary Officer | 0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULA DOLLARD | Director Trustee or director | 0 | $0 |
| ED YOUNG | Director Trustee or director | 0 | $0 |
| DAVID WELLER | Director Trustee or director | 0 | $0 |
| TOM SMITH | Director Trustee or director | 0 | $0 |
| MIKE ELY | Director Trustee or director | 0 | $0 |
| BILL SCHULTZ | Director Trustee or director | 0 | $0 |
| ABE ABERLE | President Officer | 0 | $0 |
| MEG GALLOWAY | Secretary Officer | 0 | $0 |
| KEN KOSCIK | Treasurer Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 5507 TONYAWATHA TRL, MONONA, WI 53716-2924
- Signed the 990
- ABE ABERLE, President
- Phone
- (608) 239-8522
- Website
- www.madisonkiwanis.org
- Return prepared by
- Sorge CPA & Business Advisors SC
Mission
Encourage the improvement of social and educational opportunities for youth, promote higher appreciation of American Citizenship,grant assistance in times of emergency for moral and physcial well being,cooperate with other societies in educational and social work by rendering aid to individuals and groups and engage in other activities as may be incidental to the chartiable purposes of the corporation.
Program accomplishments
- The Foundation funds six standing committiees of the club it supports. These committiees to a large extent serve our area youth by providing scholarships, classroom assistance and many other services. The club awarded two $2,500 grants to non profits providing community good. Three $1,500 scholarships were awarded to needy high school seniors. A sponsor youth committee supports a service club on the Madison University campus that provides service for to the needy in Dane County. A committee of the club provides financial support to the agricultural community and is concerned with environmental matters. Human and spiritual values and international relations have budgets to help needy people in our local community and on an international basis. In summary, the six committees proved support to hunders of youth and needy individuals.Expenses $290,414
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
- 39-6058644
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1963
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S80Z)
- Assets (IRS master file)
- $1,895,662
- Income (IRS master file)
- $1,100,479
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $116,229 | $296,435 | $1,895,662 | XML |
| 990 | December 2023 | $74,263 | $108,074 | $1,934,764 | XML |
| 990 | December 2022 | $46,559 | $80,164 | $1,733,521 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 39-6058644).
Questions about KIWANIS CLUB OF MADISON FOUNDATION
- What is the EIN of KIWANIS CLUB OF MADISON FOUNDATION?
- The employer identification number (EIN) of KIWANIS CLUB OF MADISON FOUNDATION is 39-6058644.
- Is KIWANIS CLUB OF MADISON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to KIWANIS CLUB OF MADISON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KIWANIS CLUB OF MADISON 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 KIWANIS CLUB OF MADISON 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 KIWANIS CLUB OF MADISON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of KIWANIS CLUB OF MADISON FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does KIWANIS CLUB OF MADISON FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $116,229, expenses of $296,435 and total assets of $1,895,662 at year end.
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All nonprofits in MONONA · Wisconsin · Community improvement and capacity building