The Madison Education Foundation was formed to (I) enchance and expand educational enrichment opportunities for all students in the Madison public school district and (II) support long range flexibility for district schools by encouraging community-wide participation and philantropy for educational initiatives. The foundations's mission is to contribute to educational innovation by funding ideas proposed by faculty and staff that are designed to provide students with knoledge and skills.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
2 of 6
filings with a surplus
Average deficit $11K a year · 11% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$111K
-11% vs prior year
Spent
$157K
To programs
91%
Net assets
$95K
By yearFY2020–FY2025
Revenue
$111K
FY2025▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$101K
FY2021$114K
FY2022$99K
FY2023$101K
FY2024$124K
FY2025$111K
Expenses
$157K
FY2025▲ +63%
Tap a bar for its year
Expenses by fiscal year
FY2020$101K
FY2021$146K
FY2022$77K
FY2023$139K
FY2024$97K
FY2025$157K
Net assets
$95K
FY2025▼ -33%
Tap a bar for its year
Net assets by fiscal year
FY2020$164K
FY2021$131K
FY2022$154K
FY2023$115K
FY2024$142K
FY2025$95K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2003.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $144K Management & general 9% · $14K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Madison Education Foundation INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enhances student learning and supports school innovation through community funding and faculty-led initiatives.

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Provided by the organization

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3 programs · $118K · in their own filed words · FY2024
01

High School

Funded workshops related to schools basic curriculum, the arts, sciences and technology. Some of the programs funded are: crunch labs for the physics club, mobile raku workshops for advanced ceramincs and raku glazing techniques, field trip to constitution center for ap government students and hatching chikcs for ap biology students.

$47Kprogram expense
02

Elementary Schools

Sponsored various programs, tools and equipment to enhance curriculum of various subjects, such as author visits, book tastings, one school one book program and book subscriptions for literature; tool kits, spinners, imagination station for students to help with fine visual motor skills and sensory processing skills; physical educaton &…

$35Kprogram expense
03

District Wide School Grant

Books for english language learners to write, edit, draft and publish bilingual books and programs such as madison reads grants.

$35Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$14K
Grants paid · 9 grants · $169K · 2021–2022
Madison Junior SchoolFY2022$35,207
Madison High SchoolFY2022$33,063
Torey J Sabatini SchoolFY2022$16,551
Borough of Madison Public Schools (to Benefit Grades K-12)FY2022$11,602
Kings Road SchoolFY2022$9,432
Madison Junior SchoolFY2021$19,068
Central Avenue SchoolFY2021$17,459
Madison High SchoolFY2021$14,882
Torey J Sabatini SchoolFY2021$11,961

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$111K
Ln 12
Gifts and grantsLn 1h$83K
Other incomeLn 4–11$27K
Investment incomeLn 3$673
Money outPt IX
$157K
Ln 25
Programscol B$144K
Managementcol C$14K
Owns and owesPt X
$95K
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$97K
LiabilitiesLn 26$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$83K
Fundraising eventsLn 1c$27K
Investment incomeLn 3$673
Other incomeLn 4–11$27K
Total revenueLn 12$111K
Assets in detailPt X, end of year
CashLn 1$97K
Cash and savings togetherLn 1–2$97K
Total assetsLn 16$97K
LiabilitiesLn 26$2K
Net assetsLn 32$95K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$142K$97K
Total assetsLn 16$142K$97K
LiabilitiesLn 26$0$2K
Net assetsLn 32$142K$95K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$144K$144K
Management feesLn 11a$3K$3K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$100$100
Office expensesLn 13$265$265
Information technologyLn 14$7K$7K
InsuranceLn 23$736$736
Other expenses (24a–d)Ln 24$303$303
Total functional expensesLn 25$157K$144K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $111K$157K−$47K$95K 990 PDF
FY2024 $124K$97K$27K$142K 990 PDF
FY2023 $101K$139K−$39K$115K 990 PDF
FY2022 $99K$77K$22K$154K 990 PDF
FY2021 $114K$146K−$32K$131K 990 PDF
FY2020 $101K$101K−$263$164K 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 FY2025 990 (6 parts)
Part I · Summary $110,585 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $78,149$82,793
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $497$673
I-11 Other revenuePrior year $44,950$27,119
I-12 Total revenuePrior year $123,596$110,585
I-13 Grants and similar amounts paidPrior year $81,970$143,555
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,684$13,805
I-18 Total expensesPrior year $96,654$157,360
I-19 Revenue less expensesPrior year $26,942−$46,775
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $110,585 across 6 lines filed
VIII-1c Fundraising events$27,426
VIII-1f All other contributions, gifts and grants$55,367
VIII-1h Total contributions, gifts and grants$82,793
VIII-3 Investment incomeRelated to mission $673$673
VIII-8 Net income from fundraising eventsExcluded from tax $27,119$27,119
VIII-12 Total revenueRelated to mission $673 · Unrelated business $0 · Excluded from tax $27,119$110,585
Part IX · Statement of functional expenses $157,360 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $143,555$143,555
IX-11a Management feesManagement $3,372$3,372
IX-11c Accounting feesManagement $2,000$2,000
IX-12 Advertising and promotionManagement $100$100
IX-13 Office expensesManagement $265$265
IX-14 Information technologyManagement $7,029$7,029
IX-23 InsuranceManagement $736$736
IX-24 Other expenses (24a–d)Management $303$303
IX-25 Total functional expensesPrograms $143,555 · Management $13,805 · Fundraising $0$157,360
Part X · Balance sheet $97,277 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $142,202$97,277
X-16 Total assetsStart of year $142,202$97,277
X-25 Other liabilitiesStart of year $0$1,850
X-26 Total liabilitiesStart of year $0$1,850
X-27 Net assets without donor restrictionsStart of year $142,202$95,427
X-32 Total net assets or fund balancesStart of year $142,202$95,427
X-33 Total liabilities and net assetsStart of year $142,202$97,277
Part XI · Reconciliation of net assets $95,427 net assets at year end
XI-1 Total revenue$110,585
XI-2 Total expenses$157,360
XI-3 Revenue less expenses−$46,775
XI-4 Net assets at start of year$142,202
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$95,427

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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