Madison Community Foundation
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Stewards charitable funds and awards grants to support local nonprofits, initiatives, and community needs in Dane County, Wisconsin. For fiscal year 2024 it reported $55.3M in revenue, $19.0M in expenses, and $305.2M in net assets.Pt I
Summary of the Filing
Where the work happens
Creation of permanent charitable funds, administation and investment of those funds, and grants to charitable organizations, primarily in the area of dane county, wisconsin. Grants are made both through a competitive proposal process and in response to recommendations from donor fundholders.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Robert Sorge’s $284K as President & CEO is at the 64th percentile of top reported officer pay among 658 $10–100M philanthropy & grantmaking 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 · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Robert Sorge | $283,650 | $234,284 | $223,882 | $201,189 | $197,656 |
| David Koehler | $141,971 | $137,866 | $132,196 | $131,047 | $121,849 |
| Tom Linfield | — | $139,008 | $133,995 | $131,584 | $124,915 |
| Carmen Jeschke | $132,756 | $136,944 | $125,114 | $115,594 | $105,772 |
| Principal Custody Solutions | $69,665 | $64,171 | $61,137 | — | — |
| Wells Fargo Institutional Trust | — | — | — | $61,251 | $52,920 |
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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 85% | — | — |
| Overhead ratio | 10% | — | — |
| Fundraising cost ratio | 2% | — | — |
| Revenue growth | 175% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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