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Nonprofit · EIN 59-1218101

MADISON ACADEMY INC

Tax-exempt · MADISON, FL 32341

Financials

$92K$8K2024
Revenue Expenses · by fiscal year end
Financials of MADISON ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2025990$92,188$7,966$84,222$551,109$0$551,109
Financial details: 990 for the year ended July 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$90,000
Investment income
$2,188
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$7,174
Program services (functional)
$7,174
Management and general (functional)
$792

Balance sheet and other

Total assets, start of year
$466,887
Total assets, end of year
$551,109
Total liabilities, end of year
$0
Net assets, end of year
$551,109
Land, buildings and equipment
$216,309
Net assets without donor restrictions
$548,017
Net assets with donor restrictions
$3,092
Gross receipts
$92,188
Employees
0
Year formed
1968
State of legal domicile
FL

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 July 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
CHAD ARNOLDDIRECTOR
Trustee or director
–$0
KIMBERLY BRANDIESDIRECTOR
Trustee or director
–$0
TIMOTHY J JONESPRESIDENT
Trustee or director, Officer
–$0
MARGARET ANN SMITHTREASURER
Trustee or director, Officer
–$0
DARREN G WEBBDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
PO BOX 690, MADISON, FL 32341-0690
Mailing address (990-N for 2023)
PO BOX 690, MADISON FL 32341
Principal officer (990 for 2024)
TIMOTHY J JONES, PO BOX 9323, LEE, FL 32059
Principal officer (990-N for 2023)
TIMOTHY J JONES, PO BOX 9323, LEE FL 32059
Signed the 990
TIMOTHY J JONES, PRESIDENT
Phone
(850) 973-2529
Return prepared by
BUESCHER AND COMPANY LLC CPAS

Mission

QUALITY EDUCATION IN A SMALL ENVIRONMENT

990 for the year ended July 31, 2025

Program accomplishments

  • PROVIDING SCHOOL FACILITIES FOR LOCAL CHARTER HIGH SCHOOL.
    Expenses $7,174 · revenue $90,000

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

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025990 on file
2023July 31, 2024December 16, 2024990-N on file

IRS record

EIN
59-1218101
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1969
Accounting year ends
July
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B24Z)
Assets (IRS master file)
$551,109
Income (IRS master file)
$92,188

Filing history

FormYear endedRevenueExpensesAssetsReturn
990July 2025$92,188$7,966$551,109XML
990-N for 2023
Officer: TIMOTHY J JONES
July 31, 2024≤ $50,000 receipts––e-Postcard
990-N for 2022
Officer: Timothy J Jones
July 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2021
Officer: Timothy Jones
July 31, 2022≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: Timothy Jones
July 31, 2021≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: TJ Jones
July 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2018
Officer: TJ Jones
July 31, 2019≤ $50,000 receipts––e-Postcard
990July 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 59-1218101).

Questions about MADISON ACADEMY INC

What is the EIN of MADISON ACADEMY INC?
The employer identification number (EIN) of MADISON ACADEMY INC is 59-1218101.
Is MADISON ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
Are donations to MADISON ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MADISON ACADEMY 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 ACADEMY INC due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MADISON ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended July 2025.
Who is the principal officer of MADISON ACADEMY INC?
The 990 for the year ended July 31, 2025 names TIMOTHY J JONES.
Who are the officers and directors of MADISON ACADEMY INC?
The 990 for the year ended July 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does MADISON ACADEMY INC have?
On its 990 for the year ended July 31, 2025 it reported revenue of $92,188, expenses of $7,966 and total assets of $551,109 at year end.

Other nonprofits in MADISON

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