Nonprofit · EIN 87-2335394
MADISON LEE MEMORIAL FUND
Tax-exempt · CARLSBAD, NM 88220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $94,413 | $126,219 | -$31,806 | $83,129 | $546 | $82,583 |
| December 31, 2023 | 990-EZ | $30,478 | $22,147 | $8,331 | $114,389 | $0 | $114,389 |
| December 31, 2022 | 990-EZ (amended) | $117,787 | $19,720 | $98,067 | $109,437 | $3,379 | $106,058 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $70,185
- Net income from sales of inventory
- $24,228
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $126,219
- Program services (functional)
- $77,350
Balance sheet and other
- Total assets, start of year
- $114,389
- Total assets, end of year
- $83,129
- Total liabilities, end of year
- $546
- Net assets, end of year
- $82,583
- Cash, savings and investments
- $24,284
- Gross receipts
- $99,341
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHEILA WALTERSCHEID | PRESIDENT | 1 | $0 |
| ESMERALDA BERNAL | VICE PRESIDENT/SECRETARY | 1 | $0 |
| NANCY BRANTLEY | TREASURER | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHEILA WATERSCHEID | PRESIDENT | 1 | $0 |
| ESMERALDA BERNAL | VICE PRESIDENT/SECRETARY | 1 | $0 |
| NANCY BRANTLEY | TREASURER | 1 | $0 |
990-EZ for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHEILA WATERSCHEID | PRESIDENT | 1 | $0 |
| ESMERALDA BERNAL | VICE PRESIDENT/SECRETARY | 1 | $0 |
| NANCY BRANTLEY | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5903 MILLIRON RD, CARLSBAD, NM 88220-9743
- In care of
- % SHEILA G WALTERSCHEID
- Mailing address (990-N for 2022)
- 5903 Milliron Rd, Carlsbad NM 88220
- Principal officer (990-N for 2022)
- Sheila Walterscheid, 5903 Milliron Rd, Carlsbad NM 88220
- Signed the 990-EZ
- SHEILA WALTERSCHEID, PRESIDENT
- Phone
- (575) 361-6302
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO RAISE FUNDS TO BUILD AND MAINTAIN A PARK IN A NEW NEIGHBORHOOD DEVELOPMENT IN CARLSBAD, NEW MEXICO.
Program accomplishments
- CONDUCT FUNDRAISING CAMPAIGNS TO SEEK DONATIONS FROM BUSINESSES AND INDIVIDUALS IN THE CARLSBAD COMMUNITY TO FUND THE CONSTRUCTION AND MAINTENANCE OF A NEW PARK. THE PARK WILL BE OPEN TO THE PUBLIC AND WILL INCLUDE PLAYGROUND EQUIPMENT, OPEN AREAS, BENCHES, AND PATHS FOR WALKING, BIKING, OR SKATING. DURING 2024, THE ORGANIZATION SPENT $77,351 TO PURCHASE TREES AND OTHER ITEMS FOR THE PARK.Expenses $77,350
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-2335394
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N32)
- Assets (IRS master file)
- $83,129
- Income (IRS master file)
- $99,341
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $94,413 | $126,219 | $83,129 | IRS |
| 990-EZ | December 2023 | $30,478 | $22,147 | $114,389 | XML |
| 990-N for 2022 Officer: Sheila Walterscheid | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2022 | $117,787 | $19,720 | $109,437 | XML |
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 87-2335394).
Questions about MADISON LEE MEMORIAL FUND
- What is the EIN of MADISON LEE MEMORIAL FUND?
- The employer identification number (EIN) of MADISON LEE MEMORIAL FUND is 87-2335394.
- Is MADISON LEE MEMORIAL FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MADISON LEE MEMORIAL FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISON LEE MEMORIAL FUND 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 LEE MEMORIAL FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MADISON LEE MEMORIAL FUND last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of MADISON LEE MEMORIAL FUND?
- The 990-N for 2022 names Sheila Walterscheid.
- Who are the officers and directors of MADISON LEE MEMORIAL FUND?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MADISON LEE MEMORIAL FUND have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $94,413, expenses of $126,219 and total assets of $83,129 at year end.
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All nonprofits in CARLSBAD · New Mexico · Recreation and sports