Nonprofit · EIN 59-3112453
MADISON COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC
Tax-exempt · MADISON, FL 32341
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $138,369 | $119,748 | $18,621 | $89,054 | $0 | $89,054 |
| June 30, 2024 | 990 | $188,268 | $195,488 | -$7,220 | $70,433 | $0 | $70,433 |
| June 30, 2023 | 990 | $84,187 | $68,088 | $16,099 | $77,653 | $0 | $77,653 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $138,369
- of which government grants
- $70,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $119,535
- Management and general (functional)
- $213
Balance sheet and other
- Total assets, start of year
- $70,433
- Total assets, end of year
- $89,054
- Total liabilities, end of year
- $0
- Net assets, end of year
- $89,054
- Net assets without donor restrictions
- $84,335
- Net assets with donor restrictions
- $4,719
- Gross receipts
- $138,369
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1992
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Sanders | President Trustee or director | 6 | $0 |
| Christi Annett | Vice President Trustee or director | 4 | $0 |
| Darren Webb | Treasurer Trustee or director | 6 | $0 |
| Ramona Prine | Secretary Trustee or director | 4 | $0 |
| Faye Browning | Member Trustee or director | 1 | $0 |
| Lucile Day | Member Trustee or director | 1 | $0 |
| Julius Hackett | Member Trustee or director | 1 | $0 |
| Paula Kauffman | Member Trustee or director | 1 | $0 |
| Enid Kozlowski | Member Trustee or director | 1 | $0 |
| Ronnie Moore | Member Trustee or director | 1 | $0 |
| Dianne Phillips | Member Trustee or director | 1 | $0 |
| Quasheena Knight | Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Sanders | President Trustee or director | 6 | $0 |
| Christi Annett | Vice President Trustee or director | 4 | $0 |
| Darren Webb | Treasurer Trustee or director | 6 | $0 |
| Ramona Prine | Secretary Trustee or director | 4 | $0 |
| Faye Browning | Member Trustee or director | 1 | $0 |
| Lucile Day | Member Trustee or director | 1 | $0 |
| Julius Hackett | Member Trustee or director | 1 | $0 |
| Robin Hill | Member Trustee or director | 1 | $0 |
| Enid Kozlowski | Member Trustee or director | 1 | $0 |
| Ronnie Moore | Member Trustee or director | 1 | $0 |
| Diane Phillips | Member Trustee or director | 1 | $0 |
| Quasheena Knight | Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Sanders | President Trustee or director | 6 | $0 |
| Christi Annett | Vice President Trustee or director | 4 | $0 |
| Darren Webb | Treasurer Trustee or director | 6 | $0 |
| Ramona Prine | Secretary Trustee or director | 4 | $0 |
| Faye Browning | Member Trustee or director | 1 | $0 |
| Monteen M Cave | Member Trustee or director | 1 | $0 |
| Lucile Day | Member Trustee or director | 1 | $0 |
| Julius Hackett | Member Trustee or director | 1 | $0 |
| Robin Hill | Member Trustee or director | 1 | $0 |
| Enid Kozlowski | Member Trustee or director | 1 | $0 |
| Ronnie Moore | Member Trustee or director | 1 | $0 |
| Dianne Phillips | Member Trustee or director | 1 | $0 |
| Wendy Willis | Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 181, MADISON, FL 32341-0181
- Principal officer (990 for 2024)
- Tim Sanders, 124 NE Range Ave, Madison, FL 32340
- Signed the 990
- Tim Sanders, President
- Phone
- (850) 973-2139
- Return prepared by
- Kenneth M Daniels CPA PA
Mission
To improve the quality of education in Madison County, Florida by by providing mentoring services, college scholarships to eligible students, grants for education assistance, and promotion of excellence in teaching.
Program accomplishments
- Take Stock in Children: Students who maintain a 2.0 GPA; stay free of drugs, alcohol, and discipline problems; and meet with a mentor once per week are, upon graduation, awarded a college scholarship.Expenses $27,628 · revenue $29,482
- Education Assistance: Scholarships purchased and awarded to the NFCC Foundation Inc for future awards to students and amounts awarded to teachers for assistance during Hurricane Helene.Expenses $72,514 · grants $72,014 · revenue $85,083
- Matching grants: The Foundation provides additional resources to the Madison County School Districts teachers upon application and approval.Expenses $10,000 · grants $10,000 · revenue $10,000
- Teacher of the Year: The Foundation annually recognizes those teachers who promote excellence in teaching.Expenses $9,393 · revenue $17,145
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
- 59-3112453
- 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
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $89,054
- Income (IRS master file)
- $138,369
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $138,369 | $119,748 | $89,054 | XML |
| 990 | June 2024 | $188,268 | $195,488 | $70,433 | IRS |
| 990 | June 2023 | $84,187 | $68,088 | $77,653 | XML |
| 990 | June 2022 | $71,819 | $57,143 | $61,554 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 59-3112453).
Questions about MADISON COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC
- What is the EIN of MADISON COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC?
- The employer identification number (EIN) of MADISON COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC is 59-3112453.
- Is MADISON COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to MADISON COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISON COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION 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 COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION 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 COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION 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 COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC?
- The 990 for the year ended June 30, 2025 names Tim Sanders.
- Who are the officers and directors of MADISON COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does MADISON COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $138,369, expenses of $119,748 and total assets of $89,054 at year end.
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