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Madraigos INC FY2022 filing

Tax-deductible

Woodmere, NY501(c)(3)Youth Development EIN 41-2209053Revenue $2.3M in FY2022

On file with the IRSmadraigos.org936 Broadway, 11598-1734 · Woodmere, NYTax-exempt since Sep 2006Publicly supported charity — 170(b)(1)(A)(vi)

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Madraigos INC was formed for the purposes of establishing and maintaining a broad range of after school enrichmant and recreation programs dedicated to improving the lives of teenagers and young adults. The corporation strives, through its activities, to provide a sense of love, safety, and security. Madraigos has programs for the spiritual enrichment and browth of all of its participants as well as providing mentoring services for those who need IT. Madraigos believes that these programs not only improve the lives of the teenagers and young adults served, but the community as a whole.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$475K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $36K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$475K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$379K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+61% vs prior year
Spent
$2.1M
To programs
89%
Net assets
$779K
By yearFY2020–FY2024
Revenue
$2.3M
FY2022▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$2.3M
FY2023$2.0M
FY2024$2.0M
Expenses
$2.1M
FY2022▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$2.1M
FY2023$1.9M
FY2024$2.2M
Net assets
$779K
FY2022▲ +45%
Tap a bar for its year
Net assets by fiscal year
FY2020$597K
FY2021$537K
FY2022$779K
FY2023$908K
FY2024$741K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2006.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.8M Management & general 7% · $153K Fundraising 4% · $76K

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

18 people listed on the 990; $475K paid to officers and key staff.

Part VII, Section A · reportable compensation
Dov Silver
Exec. VP
$237,500Pt VII · Sec A
Dov Silver
Exec. VP
$237,500Pt VII · Sec A
Simcha Goldberg
Board Member
$0Pt VII · Sec A
David Klein
Board Member
$0Pt VII · Sec A
Ushi Shafran
Board Member
$0Pt VII · Sec A
Naftali Solomon
Board Member
$0Pt VII · Sec A
Jay Spinner
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Dov Silver’s $228K as Exec. VP is at the 92nd percentile of top reported officer pay among 1552 $1–10M youth 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.

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

NameFY2024FY2023FY2022FY2021FY2020
Dov Silver$228,000$228,000$237,500$132,000$155,761

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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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 15aYes

Programs and updates

Offers after-school enrichment and recreation programs for teens and young adults, fostering safety and growth.

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Provided by the organization

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2 programs · $3.7M · in their own filed words · FY2022
01

Establishment and maintenance of school enrichment and recreation programs for teenagers and young adults

$1.8Mprogram expense
02

Establishment and maintenance of school enrichment and recreation programs for teenagers and young adults

$1.8Mprogram 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 · FY2025
T Rowe Price Program for Charitable Giving INCFY2025$10K
Quinn Emanuel FoundationFY2025$5K
Total grants receivedfrom 2 funders$15K
Grants paid · 4 grants · $981K · 2022–2024
Unitemized GrantFY2024$259,584
Unitemized GrantFY2023$513,952
Unitemized GrantFY2022$103,833
Unitemized GrantFY2022$103,833

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$698K
Other incomeLn 4–11$994
Money outPt IX
$2.1M
Ln 25
Programscol B$1.8M
Managementcol C$153K
Fundraisingcol D$76K
Owns and owesPt X
$779K
net assets · Ln 32
Cash and savingsLn 1–2$321K
Total assetsLn 16$1.2M
LiabilitiesLn 26$379K
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$698K
Other incomeLn 4–11$994
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$321K
Total assetsLn 16$1.2M
LiabilitiesLn 26$379K
Net assetsLn 32$779K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.0M$2.2M−$167K$741K 990 PDF
FY2023 $2.0M$1.9M$128K$908K 990 PDF
FY2022 Viewing $2.3M$2.1M$242K$779K 990 PDF
FY2021 $1.4M$1.5M−$60K$537K 990 PDF
FY2020 $1.2M$1.2M$38K$597K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support J · Pay O · Explanations
See the full FY2022 990 (1 part)
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes

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

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