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Madeira Schools Foundation FY2020 filing

Tax-deductible

Cincinnati, OH501(c)(3)Since 1984 EIN 31-1130818Revenue $204K in FY2020

On file with the IRSmadeiraschoolsfoundation.org35 E 7th St Ste 505, 45202-2411 · Cincinnati, OHTax-exempt since Jan 1985Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the Foundation is to support the goals of the Madeira Schools, including instruction and extra curricular activities and other activities that may be identified to further the Madeira Schools goals. The Foundation will promote the concept of charitable support for the Madeira Schools.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
5 of 6
filings with a surplus
Average surplus $88K a year · 37% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
25 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
Looks good: 24.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$204K
Spent
$119K
To programs
60%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$204K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$204K
FY2021$335K
FY2022$258K
FY2023$47K
FY2024$256K
FY2025$327K
Expenses
$119K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$119K
FY2021$147K
FY2022$156K
FY2023$156K
FY2024$156K
FY2025$167K
Net assets
$1.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.7M
FY2022$1.5M
FY2023$1.7M
FY2024$1.9M
FY2025$2.3M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Jan 1985.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $71K Management & general 40% · $47K

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

30 people listed on the 990.

Part VII, Section A · reportable compensation
Tim Farrell
President
$0Pt VII · Sec A
Bo Gutierrez
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Kristen Oyler
Vice President
$0Pt VII · Sec A
Dan Smith
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Jodi Wiley
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Madeira Schools Foundation executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports and provides scholarships for Madeira Schools.

Questions for Madeira Schools Foundation

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Provided by the organization

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2 programs · $71K · in their own filed words · FY2020
01

General support and purchase of various equipment for madeira schools

$51Kprogram expense
02

Scholarships awarded to approximately 16 students

$20Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 12 grants · $565K · 2020–2025
Madeira City SchoolsFY2025$70,225
Unitemized GrantFY2025$32,300
Madeira City SchoolsFY2024$69,308
Unitemized GrantFY2024$24,600
Madeira City SchoolsFY2023$72,888
Unitemized GrantFY2023$28,700
Madeira City SchoolsFY2022$77,457
Unitemized GrantFY2022$27,700
Madeira City SchoolsFY2021$63,243
Unitemized GrantFY2021$27,261
Madeira City SchoolsFY2020$51,060
Unitemized GrantFY2020$20,400

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$204K
Ln 12
Other incomeLn 4–11$112K
Investment incomeLn 3$68K
Gifts and grantsLn 1h$24K
Money outPt IX
$119K
Ln 25
Programscol B$71K
Managementcol C$47K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$245K
Total assetsLn 16$1.6M
LiabilitiesLn 26$7K
PeoplePt VI, VII
30
listed · VII A
PaidVII A0
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24K
Investment incomeLn 3$68K
Other incomeLn 4–11$112K
Gains on assetsLn 7$1K
Total revenueLn 12$204K
Assets in detailPt X, end of year
CashLn 1$106K
SavingsLn 2$139K
Cash and savings togetherLn 1–2$245K
InvestmentsLn 11–13$1.3M
Total assetsLn 16$1.6M
LiabilitiesLn 26$7K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$217K$245K
InvestmentsLn 11–13$1.2M$1.3M
Total assetsLn 16$1.4M$1.6M
LiabilitiesLn 26$5K$7K
Net assetsLn 32$1.4M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51K$51K
Grants to domestic individualsLn 2$20K$20K
Other salaries and wagesLn 7$25K$25K
Payroll taxesLn 10$1K$1K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$11K$11K
Advertising and promotionLn 12$36$36
Office expensesLn 13$4K$4K
Information technologyLn 14$2K$2K
InsuranceLn 23$2K$2K
Total functional expensesLn 25$119K$71K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $327K$167K$160K$2.3M 990 PDF
FY2024 $256K$156K$100K$1.9M 990 PDF
FY2023 $47K$156K−$109K$1.7M 990 PDF
FY2022 $258K$156K$102K$1.5M 990 PDF
FY2021 $335K$147K$188K$1.7M 990 PDF
FY2020 Viewing $204K$119K$85K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $204,011 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,415$23,853
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $71,469$67,676
I-11 Other revenuePrior year $104,583$112,482
I-12 Total revenuePrior year $206,467$204,011
I-13 Grants and similar amounts paidPrior year $112,160$71,460
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $26,839$26,320
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $20,933$20,928
I-18 Total expensesPrior year $159,932$118,708
I-19 Revenue less expensesPrior year $46,535$85,303
Part VI · Governance 29 of 29 board members independent, 4 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $204,011 across 6 lines filed
VIII-1f All other contributions, gifts and grants$23,853
VIII-1h Total contributions, gifts and grants$23,853
VIII-3 Investment incomeRelated to mission $66,299$66,299
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,377$1,377
VIII-8 Net income from fundraising eventsExcluded from tax $112,482$112,482
VIII-12 Total revenueRelated to mission $67,676 · Unrelated business $0 · Excluded from tax $112,482$204,011
Part IX · Statement of functional expenses $118,708 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $51,060$51,060
IX-2 Grants to domestic individualsPrograms $20,400$20,400
IX-7 Other salaries and wagesManagement $25,000$25,000
IX-10 Payroll taxesManagement $1,320$1,320
IX-11c Accounting feesManagement $2,085$2,085
IX-11f Investment management feesManagement $10,950$10,950
IX-12 Advertising and promotionManagement $36$36
IX-13 Office expensesManagement $3,694$3,694
IX-14 Information technologyManagement $2,395$2,395
IX-23 InsuranceManagement $1,768$1,768
IX-25 Total functional expensesPrograms $71,460 · Management $47,248 · Fundraising $0$118,708
Part X · Balance sheet $1,608,376 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $78,509$105,863
X-2 Savings and temporary cash investmentsStart of year $138,669$138,868
X-3 Pledges and grants receivableStart of year $22,577$22,577
X-9 Prepaid expenses and deferred chargesStart of year $1,500$1,500
X-11 Publicly traded securitiesStart of year $1,168,856$1,339,568
X-16 Total assetsStart of year $1,410,111$1,608,376
X-17 Accounts payable and accrued expensesStart of year $5,452$6,705
X-26 Total liabilitiesStart of year $5,452$6,705
X-27 Net assets without donor restrictionsStart of year $1,404,659$415,126
X-28 Net assets with donor restrictions$1,186,545
X-32 Total net assets or fund balancesStart of year $1,404,659$1,601,671
X-33 Total liabilities and net assetsStart of year $1,410,111$1,608,376
Part XI · Reconciliation of net assets $1,601,671 net assets at year end
XI-1 Total revenue$204,011
XI-2 Total expenses$118,708
XI-3 Revenue less expenses$85,303
XI-4 Net assets at start of year$1,404,659
XI-5 Net unrealized gains (losses) on investments$111,710
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,601,671

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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