Nonprofit · EIN 52-1949813
MADISON STREET PROPERTIES INC
Tax-exempt · BALTIMORE, MD 21205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $44,693,777 | $44,693,777 | $0 | $191,371,915 | $160,407,117 | $30,964,798 |
| June 30, 2024 | 990 | $45,008,000 | $45,002,708 | $5,292 | $194,704,930 | $165,321,622 | $29,383,308 |
| June 30, 2023 | 990 | $40,794,206 | $41,793,221 | -$999,015 | $195,209,302 | $174,043,223 | $21,166,079 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $44,549,684
- Investment income
- $0
- Other revenue
- $144,093
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $735,699
- Other salaries and wages
- $8,790,881
- Salaries, compensation and benefits (total)
- $12,138,411
- Professional fundraising fees
- $0
- Legal fees
- $81,483
- Accounting fees
- $55,420
- Occupancy
- $6,028,377
- Travel
- $36,367
- Depreciation
- $13,015,753
- Program services (functional)
- $38,461,332
- Management and general (functional)
- $6,232,445
Balance sheet and other
- Total assets, start of year
- $194,704,930
- Total assets, end of year
- $191,371,915
- Total liabilities, end of year
- $160,407,117
- Net assets, end of year
- $30,964,798
- Land, buildings and equipment
- $148,960,409
- Net assets without donor restrictions
- $30,964,798
- Gross receipts
- $44,693,777
- Employees
- 153
- Volunteers
- 7
- Year formed
- 1995
- State of legal domicile
- MD
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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRADLEY L SCHLAGGAR MD PHD | PRESIDENT & CEO Trustee or director, Officer | 4 | $107,900 | $980,414 | $56,146 |
| JAMES M ANDERS JR | COO/ADMINISTRATOR/SECRETARY Officer | 4 | $104,248 | $947,232 | $40,940 |
| MICHAEL J NEUMAN | SVP-FINANCE/TREASURER Officer | 4 | $55,142 | $501,051 | $40,068 |
| RAYMOND SHORT | SVP - HUMAN RESOURCES Key employee | 4 | $47,069 | $427,679 | $57,946 |
| VALERIE BONHAM | VP - GENERAL COUNSEL (PART YEAR) Key employee | 4 | $49,824 | $452,725 | $21,966 |
| GEORGE THOMAS | VP-FACILITIES Key employee | 40 | $330,063 | $0 | $19,933 |
| BONNIE KNIGHT | AVP-FACILITIES Highest-paid employee | 40 | $213,252 | $0 | $37,042 |
| DANIEL HENDRICKSON | AVP-FACILITIES Highest-paid employee | 40 | $202,215 | $0 | $22,015 |
| DEBRA GRIMM | AVP-FACILITIES Highest-paid employee | 40 | $172,477 | $0 | $41,608 |
| NANCY GRASMICK ED D | FORMER CHAIRPERSON Former | 0 | $0 | $93,212 | $10,253 |
| RONALD R PETERSON | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MATTHEW GOTLIN | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRADLEY L SCHLAGGAR MD PHD | PRESIDENT & CEO Trustee or director, Officer | 4 | $108,167 | $897,953 | $47,954 |
| JAMES M ANDERS JR | COO/ADMINISTRATOR/SECRETARY Officer | 4 | $107,841 | $895,247 | $38,274 |
| MICHAEL J NEUMAN | SVP-FINANCE/TREASURER Officer | 4 | $57,458 | $477,003 | $37,574 |
| RAYMOND SHORT | SVP - HUMAN RESOURCES Key employee | 4 | $49,395 | $410,061 | $53,955 |
| VALERIE BONHAM | VP - GENERAL COUNSEL (PART YEAR) Key employee | 4 | $38,826 | $322,315 | $47,952 |
| GEORGE THOMAS | VP-FACILITIES Key employee | 40 | $313,488 | $0 | $19,210 |
| BONNIE KNIGHT | AVP-FACILITIES Highest-paid employee | 40 | $205,646 | $0 | $20,651 |
| DEBRA GRIMM | AVP-FACILITIES Highest-paid employee | 40 | $163,312 | $0 | $38,383 |
| DANIEL HENDRICKSON | AVP-FACILITIES Highest-paid employee | 40 | $176,112 | $0 | $19,557 |
| NANCY GRASMICK ED D | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $89,628 | $9,859 |
| RONALD R PETERSON | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD W CASS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRADLEY L SCHLAGGAR MD PHD | PRESIDENT & CEO Trustee or director, Officer | 5 | $108,257 | $849,603 | $45,924 |
| JAMES M ANDERS JR | SECRETARY Officer | 5 | $107,911 | $846,893 | $36,156 |
| MICHAEL J NEUMAN | TREASURER Officer | 5 | $58,067 | $455,713 | $35,530 |
| RAYMOND SHORT | VP OF HUMAN RESOURCES Key employee | 5 | $52,211 | $409,755 | $51,348 |
| VALERIE BONHAM | VP OF GENERAL COUNSEL Key employee | 5 | $39,501 | $310,011 | $43,581 |
| GEORGE THOMAS | VP OF FACILITIES Key employee | 40 | $296,218 | $0 | $25,155 |
| BONNIE KNIGHT | DIRECTOR OF PLANNING & ENG Highest-paid employee | 40 | $188,826 | $0 | $18,021 |
| DEBRA GRIMM | ASST VP OF FACILITIES Highest-paid employee | 40 | $151,033 | $0 | $36,929 |
| DANIEL HENDRICKSON | DIRECTOR OF SAFETY Highest-paid employee | 40 | $137,478 | $0 | $17,028 |
| EDDIE MOORE | CARPENTER Highest-paid employee | 40 | $101,865 | $0 | $32,971 |
| NANCY GRASMICK ED D | CHAIR WOMAN Trustee or director, Officer | 1 | $0 | $86,180 | $9,480 |
| RONALD R PETERSON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD W CASS | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 707 N BROADWAY, BALTIMORE, MD 21205-1832
- Principal officer (990 for 2024)
- BRAD L SCHLAGGAR MD PHD, 707 N BROADWAY, BALTIMORE, MD 21205
- Signed the 990
- MICHAEL J NEUMAN, TREASURER
- Phone
- (443) 923-9200
- Return prepared by
- SC&H GROUP INC
Mission
MADISON STREET PROPERTIES, INC. IS A PROPERTY HOLDING COMPANY AND IS OPERATED EXCLUSIVELY FOR THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF KENNEDY KRIEGER INSTITUTE AND ITS AFFILIATES. MADISON STREET PROPERTIES OWNS ALL REAL PROPERTY AND LEASEHOLD RIGHTS OF THE AFFILIATED CORPORATIONS. IT LEASES/SUBLEASES THIS PROPERTY BACK TO EACH CORPORATE MEMBER OCCUPYING SPACE AND ALSO PROVIDES PROPERTY MANAGEMENT SERVICES, INCLUDING SECURITY, HOUSEKEEPING AND OTHER ANCILLARY FACILITIES MANAGEMENT SERVICES.
Program accomplishments
- THE ORGANIZATION SERVES AS A PROPERTY MANAGEMENT AND HOLDING COMPANY FOR ALL OF THE TAX-EXEMPT AFFILIATES OF KENNEDY KRIEGER INSTITUTE, INC.Expenses $38,461,332 · revenue $44,549,684
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1949813
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S500)
- Assets (IRS master file)
- $191,371,915
- Income (IRS master file)
- $44,693,777
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $44,693,777 | $44,693,777 | $191,371,915 | IRS |
| 990 | June 2024 | $45,008,000 | $45,002,708 | $194,704,930 | IRS |
| 990 | June 2023 | $40,794,206 | $41,793,221 | $195,209,302 | XML |
| 990 | June 2022 | $37,883,778 | $39,111,827 | $145,848,633 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 52-1949813).
Questions about MADISON STREET PROPERTIES INC
- What is the EIN of MADISON STREET PROPERTIES INC?
- The employer identification number (EIN) of MADISON STREET PROPERTIES INC is 52-1949813.
- Is MADISON STREET PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to MADISON STREET PROPERTIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MADISON STREET PROPERTIES 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 STREET PROPERTIES INC 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 MADISON STREET PROPERTIES INC 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 MADISON STREET PROPERTIES INC?
- The 990 for the year ended June 30, 2025 names BRAD L SCHLAGGAR MD PHD.
- Who are the officers and directors of MADISON STREET PROPERTIES INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 9 received compensation from the organization, the highest $107,900 (BRADLEY L SCHLAGGAR MD PHD, PRESIDENT & CEO).
- How much revenue does MADISON STREET PROPERTIES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $44,693,777, expenses of $44,693,777 and total assets of $191,371,915 at year end.
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All nonprofits in BALTIMORE · Maryland · Community improvement and capacity building