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Nonprofit · EIN 42-1350462

MADRID EDUCATIONAL ENDOWMENT FOUNDATION

Tax-exempt · MADRID, IA 50156

Financials

$416K$31K2022$48K$8K2023$73K$12K2024
Revenue Expenses · by fiscal year end
Financials of MADRID EDUCATIONAL ENDOWMENT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$72,949$12,422$60,527$964,784$0$964,784
June 30, 2024990$48,039$8,401$39,638$904,257$0$904,257
June 30, 2023990$415,764$31,434$384,330$864,619$0$864,619
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,020
Program service revenue
$0
Investment income
$70,929
Other revenue
$0

Expenses

Grants and similar amounts paid
$12,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$12,000
Management and general (functional)
$422

Balance sheet and other

Total assets, start of year
$904,257
Total assets, end of year
$964,784
Total liabilities, end of year
$0
Net assets, end of year
$964,784
Gross receipts
$72,949
Employees
0
Volunteers
0
Year formed
1989
State of legal domicile
IA

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
KRISTA DEANDIRECTOR
Trustee or director
0$0
PEGGY NARDINIDIRECTOR
Trustee or director
0$0
BRIANN POLICHDIRECTOR
Trustee or director
0$0
JENNIFER LOBECKDIRECTOR
Trustee or director
0$0
MARDI PEASLEYSECRETARY
Trustee or director
0$0
SARAH CRONKTREASURER
Trustee or director
0$0
MARTY KNOXPRESIDENT
Officer
0$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
KRISTA DEANDIRECTOR
Trustee or director
0$0
PEGGY NARDINIDIRECTOR
Trustee or director
0$0
BRIANN POLICHDIRECTOR
Trustee or director
0$0
JENNIFER LOBECKDIRECTOR
Trustee or director
0$0
SARAH CRONKDIRECTOR
Trustee or director
0$0
MARTY KNOXPRESIDENT
Officer
0$0
ROLLIN CRONKTREASURER
Officer
0$0
MARDI PEASLEYSECRETARY
Officer
0$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensation
MARTY KNOXPRESIDENT
Trustee or director, Officer
0$0
ROLLIN CRONKTREASURER
Trustee or director, Officer
0$0
MARDI PEASLEYSECRETARY
Trustee or director, Officer
0$0
KRISTA DEANDIRECTOR
Trustee or director
0$0
PEGGY NARDINIDIRECTOR
Trustee or director
0$0
BRIANN POLICHDIRECTOR
Trustee or director
0$0
JENNIFER LOBECKDIRECTOR
Trustee or director
0$0

Address and contacts

Address (IRS master file)
599 N KENNEDY AVE, MADRID, IA 50156-7601
In care of
% DENNIS W WILCOX
Mailing address (990-N for 2011)
PO Box 167, Madrid IA 50156
Principal officer (990 for 2024)
Marty Knox, 599 North Kennedy Avenue, Madrid, IA 50156
Principal officer (990-N for 2011)
Dennis W Wilcox, PO Box 167, Madrid IA 50156
Signed the 990
Sarah Cronk, Treasurer
Phone
(515) 795-2730

Mission

Organized to promote, develop and foster excellence in all aspects of the Madrid Community School District by providing a source of capital

990 for the year ended June 30, 2025

Program accomplishments

  • Provided 16 scholarships of $750 each
    Expenses $12,000

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
42-1350462
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
1994
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Unknown (Z99Z)
Assets (IRS master file)
$964,784
Income (IRS master file)
$72,949

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$72,949$12,422$964,784XML
990June 2024$48,039$8,401$904,257IRS
990June 2023$415,764$31,434$864,619XML
990-EZJune 2022–––IRS
990-N for 2011
Officer: Dennis W Wilcox
June 30, 2012≤ $50,000 receipts––e-Postcard

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 42-1350462).

Questions about MADRID EDUCATIONAL ENDOWMENT FOUNDATION

What is the EIN of MADRID EDUCATIONAL ENDOWMENT FOUNDATION?
The employer identification number (EIN) of MADRID EDUCATIONAL ENDOWMENT FOUNDATION is 42-1350462.
Is MADRID EDUCATIONAL ENDOWMENT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to MADRID EDUCATIONAL ENDOWMENT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MADRID EDUCATIONAL ENDOWMENT 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 MADRID EDUCATIONAL ENDOWMENT FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MADRID EDUCATIONAL ENDOWMENT FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MADRID EDUCATIONAL ENDOWMENT FOUNDATION?
The 990 for the year ended June 30, 2025 names Marty Knox.
Who are the officers and directors of MADRID EDUCATIONAL ENDOWMENT FOUNDATION?
The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does MADRID EDUCATIONAL ENDOWMENT FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $72,949, expenses of $12,422 and total assets of $964,784 at year end.

Other nonprofits in MADRID

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