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Nonprofit · EIN 56-2566428

MADISON ATHLETIC FOUNDATION INC

Tax-exempt · MADISON, NJ 07940

Financials

$10K$10K2023$11K$1K2024$41K$20K2025
Revenue Expenses · by fiscal year end
Financials of MADISON ATHLETIC FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$41,495$19,922$21,573$87,474$0$87,474
December 31, 2024990-EZ$10,734$1,484$9,250$65,901$0$65,901
December 31, 2023990-EZ$10,083$10,029$54$56,651$0$56,651
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$27,227
Investment income
$36
Net income from fundraising events
$14,232

Expenses

Compensation of officers, directors and key employees
$0
Other expenses
$19,922
Program services (functional)
$19,922

Balance sheet and other

Total assets, start of year
$65,901
Total assets, end of year
$87,474
Total liabilities, end of year
$0
Net assets, end of year
$87,474
Cash, savings and investments
$87,474
Gross receipts
$42,913

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
SHAUN POLKEVP/TREASURER1$0
CARA MASERPRESIDENT1$0
LIZ FERRAIOLOSECRETARY1$0
990-EZ for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
SHAUN POLKEVP/TREASURER1$0
CARA MASERPRESIDENT1$0
LIZ FERRAIOLOSECRETARY1$0
990-EZ for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
SHAUN POLKETRUSTEE1$0
CARA MASERTRUSTEE1$0
TUCKER MCKEEVERTRUSTEE1$0

Address and contacts

Address (IRS master file)
PO BOX 434, MADISON, NJ 07940-0434
In care of
% MARTIN L HORN
Signed the 990-EZ
SHAUN POLKE, VP / TREASURER
Phone
(617) 905-7802
Return prepared by
GIORDANO ET AL & CO PA CPA

Mission

TO PROMOTE AND SUPPORT YOUTH ATHLETICS IN THE TOWN OF MADISON, NJ IN THE FORM OF FINANCIAL SUPPORT AND LEADERSHIP TOWARD, BUT NOT LIMITED TO, THE ESTABLISHMENT AND MAINTENANCE OF FIRST-CLASS ATHLETIC FACILITIES IN MADISON.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • DONATIONS / GRANTS GIVEN TO SUPPORT SOCCER PROGRAM.
    Expenses $18,406
  • GENERAL MANAGEMENT TO SUPPORT RUNNING OF FOUNDATION
    Expenses $1,516

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
56-2566428
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
2006
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B12)
Assets (IRS master file)
$87,474
Income (IRS master file)
$42,913

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$41,495$19,922$87,474XML
990-EZDecember 2024$10,734$1,484$65,901XML
990-EZDecember 2023$10,083$10,029$56,651XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 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 56-2566428).

Questions about MADISON ATHLETIC FOUNDATION INC

What is the EIN of MADISON ATHLETIC FOUNDATION INC?
The employer identification number (EIN) of MADISON ATHLETIC FOUNDATION INC is 56-2566428.
Is MADISON ATHLETIC FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to MADISON ATHLETIC FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MADISON ATHLETIC FOUNDATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of MADISON ATHLETIC FOUNDATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MADISON ATHLETIC FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of MADISON ATHLETIC FOUNDATION INC?
The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does MADISON ATHLETIC FOUNDATION INC have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $41,495, expenses of $19,922 and total assets of $87,474 at year end.

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