Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2005.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
12 people listed on the 990.
Ellie Westman Chin’s $204K as President/CEO is at the 98th percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
See Destination Madison Foundation INC executive salaries →Are you one of these people? Claim this org to confirm your role
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Boosts economic growth and well-being for diverse communities in the Madison/Dane County area.
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Provide resource support for events hosted by the city of madison AND/OR the greater madison convention & visitors bureau, inc. That promote and encourage economic development within the greater MADISON/DANE county area.
Administer youth sport grant contribution receipts and provide grants to area charities supporting youth sports.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $389K | $232K |
| Total assetsLn 16 | $394K | $232K |
| LiabilitiesLn 26 | $6K | $0 |
| Net assetsLn 32 | $388K | $232K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $175K | $175K | ||
| Accounting feesLn 11c | $1K | $1K | ||
| Office expensesLn 13 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $60K | $60K | ||
| Total functional expensesLn 25 | $240K | $240K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $85K | $240K | −$156K | $232K | 990 PDF |
| FY2023 | $186K | $196K | −$10K | $388K | 990 PDF |
| FY2022 | $54K | $148K | −$94K | $398K | 990 PDF |
| FY2021 | $46K | $112K | −$66K | $492K | 990 PDF |
| FY2020 | $2K | $72K | −$70K | $558K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $84,504 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 1 to look at
Part VIII · Statement of revenue $84,504 across 5 lines filed
Part IX · Statement of functional expenses $240,156 across 4 lines filed
Part X · Balance sheet $232,310 assets, 7 lines filed
Part XI · Reconciliation of net assets $232,310 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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