The Mady Project Ltd FY2022 filing

Tax-deductible

E Setauket, NY501(c)(3)Since 2012Human ServicesEIN 46-1045172

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Help sick children

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
3 of 6
filings with a surplus
Average surplus $7K a year · 53% of revenue · last 6 filings
Worth a look: a surplus in 3 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
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$975
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$6K
To programs
82%
Net assets
$38K
By yearFY2020–FY2025
Revenue
$0
FY2022
Revenue by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$16K
FY2024$6K
FY2025$61K
Expenses
$6K
FY2022▲ +21%
Expenses by fiscal year
FY2020$7K
FY2021$5K
FY2022$6K
FY2023$7K
FY2024$5K
FY2025$10K
Net assets
$38K
FY2022▼ -65%
Net assets by fiscal year
FY2020$94K
FY2021$108K
FY2022$38K
FY2023$117K
FY2024$188K
FY2025$261K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
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 Jul 2014.

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% · $5K Management & general 18% · $1K

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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Mady Project Ltd 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

Provides funds to help ill and underprivileged children pay for medical care.

Provided by the organization

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1 program · $5K · in their own filed words · FY2022
01

Donations to help individuals in need

$5Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $20K · 2020–2025
Unitemized GrantFY2025$5,000
Unitemized GrantFY2025$3,000
Unitemized GrantFY2023$5,500
Unitemized GrantFY2020$6,500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$6K
Ln 25
Programscol B$5K
Managementcol C$1K
Owns and owesPt X
$38K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$39K
LiabilitiesLn 26$975
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
InvestmentsLn 11–13$36K
Total assetsLn 16$39K
LiabilitiesLn 26$975
Net assetsLn 32$38K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$7K$3K
InvestmentsLn 11–13$101K$36K
Total assetsLn 16$108K$39K
LiabilitiesLn 26$0$975
Net assetsLn 32$108K$38K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5K$5K
Accounting feesLn 11c$975$975
Other fees for servicesLn 11g$42$42
Total functional expensesLn 25$6K$5K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $61K$10K$51K$261K 990 PDF
FY2024 $6K$5K$1K$188K 990 PDF
FY2023 $16K$7K$9K$117K 990 PDF
FY2022 Viewing $0$6K−$6K$38K 990 PDF
FY2021 $0$5K−$5K$108K 990 PDF
FY2020 $0$7K−$7K$94K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenue$0
Part IX · Statement of functional expenses $5,567 across 3 lines filed
IX-2 Grants to domestic individualsPrograms $4,550$4,550
IX-11c Accounting feesManagement $975$975
IX-11g Other fees for servicesManagement $42$42
IX-25 Total functional expensesPrograms $4,550 · Management $1,017 · Fundraising $0$5,567
Part X · Balance sheet $38,998 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $7,488$2,896
X-11 Publicly traded securitiesStart of year $100,905$36,102
X-16 Total assetsStart of year $108,393$38,998
X-17 Accounts payable and accrued expenses$975
X-26 Total liabilitiesStart of year $0$975
X-27 Net assets without donor restrictionsStart of year $108,393$38,023
X-32 Total net assets or fund balancesStart of year $108,393$38,023
X-33 Total liabilities and net assetsStart of year $108,393$38,998
Part XI · Reconciliation of net assets $38,023 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$5,567
XI-3 Revenue less expenses−$5,567
XI-4 Net assets at start of year$108,393
XI-5 Net unrealized gains (losses) on investments−$64,803
XI-10 Net assets at end of year$38,023

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

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