Madis Place INC: FY2021 Nonprofit Profile & Form 990 (EIN 46-2814596)

Revenue by fiscal year
FY2021	$577K
FY2022	$388K
FY2023	$581K
FY2024	$0
FY2025	$1

Expenses by fiscal year
FY2021	$517K
FY2022	$209K
FY2023	$361K
FY2024	$0
FY2025	$1

Net assets by fiscal year
FY2021	$85K
FY2022	$222K
FY2023	$151K
FY2024	−$76K
FY2025	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2013.

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

Where the money goes

39 cents of each dollar spent went to programs.

39%

Program services 39% · $201K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Breal L Madison SR

Managing Director

$0Pt VII · Sec A

See Madis Place INC executive salaries →

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 residential, respite, and nursing care for children with developmental disabilities.

Questions for Madis Place INC

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1 program · $201K · in their own filed words · FY2021

01

Childerns residential

$201Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2022

National Philanthropic TrustFY2022$19K

Total grants receivedfrom 1 funder$19K

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$577K

Ln 12

Other incomeLn 4–11$359K

Fees for servicesLn 2g$218K

Money outPt IX

$517K

Ln 25

Programscol B$201K

Owns and owesPt X

$85K

net assets · Ln 32

Cash and savingsLn 1–2$47K

Total assetsLn 16$88K

LiabilitiesLn 26$359K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$218K

Other incomeLn 4–11$359K

Total revenueLn 12$577K

Assets in detailPt X, end of year

CashLn 1$47K

Cash and savings togetherLn 1–2$47K

Accounts receivableLn 4$349K

Land, buildings, equipmentLn 10c$6K

Total assetsLn 16$88K

LiabilitiesLn 26$359K

Net assetsLn 32$85K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$47K	$47K
Land, buildings, equipmentLn 10c		$6K
Total assetsLn 16	$137K	$402K
LiabilitiesLn 26	$112K	$359K
Net assetsLn 32	$25K	$42K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$107K	$107K
Legal feesLn 11b	$450	$450
Accounting feesLn 11c	$640	$640
Office expensesLn 13	$3K	$3K
Other expenses (24a–d)Ln 24	$17K	$17K
All other expensesLn 24e	$73K	$73K
Total functional expensesLn 25	$201K	$201K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS May 22, 2026	$1	$1	$0	$0	990 PDF
FY2024Filed with the IRS Apr 28, 2025	$0	$0	$0	−$76K	990 PDF
FY2023Filed with the IRS Mar 15, 2024	$581K	$361K	$220K	$151K	990 PDF
FY2022Filed with the IRS Jun 14, 2023	$388K	$209K	$179K	$222K	990 PDF
FY2021 ViewingFiled with the IRS Nov 8, 2022	$577K	$517K	$60K	$85K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $217,811 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$217,811

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenue$217,811

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$106,938

I-16a Professional fundraising fees$0

I-17 Other expenses$93,785

I-18 Total expenses$200,723

I-19 Revenue less expenses$17,088

Part VI · Governance 4 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members4

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $217,811 across 2 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $217,811$217,811

VIII-12 Total revenueRelated to mission $217,811 · Unrelated business $0 · Excluded from tax $0$217,811

Part IX · Statement of functional expenses $200,723 across 6 lines filed

IX-7 Other salaries and wagesPrograms $106,938$106,938

IX-11b Legal feesPrograms $450$450

IX-11c Accounting feesPrograms $640$640

IX-13 Office expensesPrograms $2,677$2,677

IX-24 Other expenses (24a–d)Programs $17,000$17,000

IX-24e All other expensesPrograms $73,018$73,018

IX-25 Total functional expensesPrograms $200,723 · Management $0 · Fundraising $0$200,723

Part X · Balance sheet $401,634 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $47,299$47,299

X-4 Accounts receivableStart of year $89,842$348,529

X-10c Land, buildings and equipment, net$5,806

X-16 Total assetsStart of year $137,141$401,634

X-17 Accounts payable and accrued expensesStart of year $111,892$248,677

X-24 Unsecured notes and loans payable$110,620

X-26 Total liabilitiesStart of year $111,892$359,297

X-27 Net assets without donor restrictionsStart of year $25,249$42,337

X-32 Total net assets or fund balancesStart of year $25,249$42,337

X-33 Total liabilities and net assetsStart of year $137,141$401,634

Part XI · Reconciliation of net assets $42,337 net assets at year end

XI-1 Total revenue$217,811

XI-2 Total expenses$200,723

XI-3 Revenue less expenses$17,088

XI-4 Net assets at start of year$25,249

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$42,337

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Madis Place INC FY2021 filing

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