Madison Abc Program Incorporated FY2022 filing

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Feed, house and tutor educationally disadvantaged high school students (living away from home) to qualify them for college

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $41K a year · 18% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Plus $1.1M in investments, Pt X · Ln 11–13
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $24K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$500
0.04% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 32 voting members
Looks good: 32 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$283K
+45% vs prior year
Spent
$161K
To programs
82%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$283K
FY2022▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2020$149K
FY2021$195K
FY2022$283K
FY2023$186K
FY2024$260K
FY2025$287K
Expenses
$161K
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$133K
FY2021$149K
FY2022$161K
FY2023$177K
FY2024$245K
FY2025$250K
Net assets
$1.4M
FY2022▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.4M
FY2023$1.5M
FY2024$1.5M
FY2025$1.6M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1969.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $132K Management & general 18% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

32 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A

Laura D'Aiello’s $15K as Board of Director is at the 48th percentile of top reported officer pay among 146 <$100K education 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Laura D'Aiello$14,950$14,726

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Madison Abc Program Incorporated executive salaries →

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

Helps homeless high schoolers get college-ready through food, housing, and tutoring.

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1 program · $132K · in their own filed words · FY2021
01

The program exists to feed,house and tutor six educationally disadvantaged high school students (living away from home) to qualify them for college.

$132Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$24K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$283K
Ln 12
Gifts and grantsLn 1h$162K
Investment incomeLn 3$117K
Other incomeLn 4–11$4K
Money outPt IX
$161K
Ln 25
Programscol B$132K
Managementcol C$28K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$1.4M
LiabilitiesLn 26$500
PeoplePt VI, VII
32
listed · VII A
PaidVII A0
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$162K
Investment incomeLn 3$117K
Other incomeLn 4–11$4K
Gains on assetsLn 7$92K
Total revenueLn 12$283K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$34K
Cash and savings togetherLn 1–2$63K
Prepaid expenses and deferred chargesLn 9$2K
Land, buildings, equipmentLn 10c$207K
InvestmentsLn 11–13$1.1M
Total assetsLn 16$1.4M
LiabilitiesLn 26$500
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 53
VolunteersI 634
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$13K
Share of the $821K endowmentSch D 1g1.6%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$821K$930K$757K$758K$718K
SpentLn 1d–1f$2K$230
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$64K$63K
InvestmentsLn 11–13$1.3M$1.1M
Land, buildings, equipmentLn 10c$174K$207K
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$600$500
Net assetsLn 32$1.5M$1.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$35K$35K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$13K$13K
Office expensesLn 13$10K$110$10K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$19K$17K$2K
Other expenses (24a–d)Ln 24$50K$50K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$161K$132K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 7, 2025 $287K$250K$37K$1.6M 990 PDF
FY2024Filed with the IRS Oct 30, 2024 $260K$245K$15K$1.5M 990 PDF
FY2023Filed with the IRS Dec 8, 2023 $186K$177K$9K$1.5M 990 PDF
FY2022 ViewingFiled with the IRS Mar 9, 2023 $283K$161K$123K$1.4M 990 PDF
FY2021Filed with the IRS May 16, 2022 $195K$149K$46K$1.5M 990 PDF
FY2020Filed with the IRS May 15, 2021 $149K$133K$16K$1.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $283,459 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $131,204$162,267
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $63,857$117,280
I-11 Other revenuePrior year $0$3,912
I-12 Total revenuePrior year $195,061$283,459
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $46,363$38,386
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $102,833$122,187
I-18 Total expensesPrior year $149,196$160,573
I-19 Revenue less expensesPrior year $45,865$122,886
Part VI · Governance 32 of 32 board members independent, 4 to look at
VI-1a Voting members of the governing body32
VI-1b Independent voting members32
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $283,459 across 7 lines filed
VIII-1d Related organizations$53,500
VIII-1f All other contributions, gifts and grants$108,767
VIII-1h Total contributions, gifts and grants$162,267
VIII-3 Investment incomeExcluded from tax $25,694$25,694
VIII-7 Net gain or loss on sales of assetsRelated to mission $91,586$91,586
VIII-8 Net income from fundraising eventsExcluded from tax $3,912$3,912
VIII-12 Total revenueRelated to mission $91,586 · Unrelated business $0 · Excluded from tax $29,606$283,459
Part IX · Statement of functional expenses $160,573 across 9 lines filed
IX-7 Other salaries and wagesPrograms $35,043$35,043
IX-10 Payroll taxesPrograms $3,343$3,343
IX-11c Accounting feesManagement $3,570$3,570
IX-11f Investment management feesManagement $12,855$12,855
IX-13 Office expensesPrograms $110 · Management $9,698$9,808
IX-22 Depreciation, depletion and amortizationPrograms $20,119$20,119
IX-23 InsurancePrograms $16,863 · Management $2,188$19,051
IX-24 Other expenses (24a–d)Programs $50,064$50,064
IX-24e All other expensesPrograms $6,720$6,720
IX-25 Total functional expensesPrograms $132,262 · Management $28,311 · Fundraising $0$160,573
Part X · Balance sheet $1,405,141 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $51,231$29,309
X-2 Savings and temporary cash investmentsStart of year $12,743$33,856
X-9 Prepaid expenses and deferred chargesStart of year $5,028$2,188
X-10c Land, buildings and equipment, netStart of year $174,427$206,851
X-13 Program-related investmentsStart of year $1,276,996$1,132,937
X-16 Total assetsStart of year $1,520,425$1,405,141
X-25 Other liabilitiesStart of year $600$500
X-26 Total liabilitiesStart of year $600$500
X-27 Net assets without donor restrictionsStart of year $1,519,825$1,404,641
X-32 Total net assets or fund balancesStart of year $1,519,825$1,404,641
X-33 Total liabilities and net assetsStart of year $1,520,425$1,405,141
Part XI · Reconciliation of net assets $1,404,641 net assets at year end
XI-1 Total revenue$283,459
XI-2 Total expenses$160,573
XI-3 Revenue less expenses$122,886
XI-4 Net assets at start of year$1,519,825
XI-5 Net unrealized gains (losses) on investments−$238,070
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,404,641

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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