philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Mad Foundation INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)EducationEIN 47-4561918Revenue $436K in FY2020

On file with the IRSmadfeed.co228 Park Ave S, 10003-1502 · New York, NYTax-exempt since Oct 2016Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

To bring together a global cooking community with a social conscience, sense of curiosity, and an appetite for change. Mad empowers chefs and food system leaders to address the world's most pressing issues from climate change, environment, and health through a dynamic network, events, and publications.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 deficit $9K a year · 1% 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $287K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$248K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$436K
Spent
$685K
To programs
95%
Net assets
$557K
By yearFY2020–FY2024
Revenue
$436K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$436K
FY2021$708K
FY2022$1.0M
FY2023$1.1M
FY2024$1.4M
Expenses
$685K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$685K
FY2021$832K
FY2022$789K
FY2023$1.0M
FY2024$1.4M
Net assets
$557K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$557K
FY2021$433K
FY2022$974K
FY2023$1.3M
FY2024$1.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 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 Oct 2016.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $650K Management & general 5% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
William Helman
Board Chair
$0Pt VII · Sec A
Peter Kreiner
Secretary & Treasurer
$0Pt VII · Sec A
David Barber
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
David Chang
Director
$0Pt VII · Sec A
Wade Davis
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Erica Helms’s $199K as Director of Philanthropy is at the 82nd percentile of top reported officer pay among 3395 $1–10M education 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.

See Mad Foundation INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers chefs and food leaders to address global issues like climate change and health through a community network.

Questions for Mad Foundation INC

Tap to ask. Mad Foundation INC sees how many people are interested.

Your first name shows with your question. Mad Foundation INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $650K · in their own filed words · FY2020
01

The mad foundation, inc. Supports komiteen for mad symposium ("mad"), a charitable organization in denmark, through various grants. The grants provided mad to operate and drive change in food systems, to contribute to the health of the planet, and to the lives of those working in food.

$650Kprogram 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 · FY2024
Fidelity Investments Charitable Gift FundFY2024$236K
National Philanthropic TrustFY2024$25K
Donor Advised Charitable Giving INCFY2024$16K
The Goldman Sachs Charitable Gift FundFY2024$10K
Total grants receivedfrom 4 funders$287K
See all 4 funders →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$436K
Ln 12
Gifts and grantsLn 1h$436K
Money outPt IX
$685K
Ln 25
Programscol B$650K
Managementcol C$35K
Owns and owesPt X
$557K
net assets · Ln 32
Cash and savingsLn 1–2$723K
Total assetsLn 16$805K
LiabilitiesLn 26$248K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$436K
Total revenueLn 12$436K
Assets in detailPt X, end of year
CashLn 1$723K
Cash and savings togetherLn 1–2$723K
Total assetsLn 16$805K
LiabilitiesLn 26$248K
Net assetsLn 32$557K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$684K$723K
Total assetsLn 16$950K$805K
LiabilitiesLn 26$145K$248K
Net assetsLn 32$806K$557K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$650K$650K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$12K$12K
Information technologyLn 14$1K$1K
InsuranceLn 23$983$983
Other expenses (24a–d)Ln 24$761$761
Total functional expensesLn 25$685K$650K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$1.4M$4K$1.4M 990 PDF
FY2023 $1.1M$1.0M$79K$1.3M 990 PDF
FY2022 $1.0M$789K$242K$974K 990 PDF
FY2021 $708K$832K−$124K$433K 990 PDF
FY2020 Viewing $436K$685K−$248K$557K 990 PDF

More to add? Claim this org

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 FY2020 990 (6 parts)
Part I · Summary $436,467 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,343,091$436,467
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,630$0
I-12 Total revenuePrior year $1,345,721$436,467
I-13 Grants and similar amounts paidPrior year $620,000$650,000
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 $50,089$34,689
I-18 Total expensesPrior year $670,089$684,689
I-19 Revenue less expensesPrior year $675,632−$248,222
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $436,467 across 3 lines filed
VIII-1f All other contributions, gifts and grants$436,467
VIII-1h Total contributions, gifts and grants$436,467
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$436,467
Part IX · Statement of functional expenses $684,689 across 6 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $650,000$650,000
IX-11c Accounting feesManagement $19,879$19,879
IX-11g Other fees for servicesManagement $12,000$12,000
IX-14 Information technologyManagement $1,066$1,066
IX-23 InsuranceManagement $983$983
IX-24 Other expenses (24a–d)Management $761$761
IX-25 Total functional expensesPrograms $650,000 · Management $34,689 · Fundraising $0$684,689
Part X · Balance sheet $805,035 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $684,109$722,535
X-3 Pledges and grants receivableStart of year $266,271$82,500
X-16 Total assetsStart of year $950,380$805,035
X-17 Accounts payable and accrued expensesStart of year $8,339$1,216
X-19 Deferred revenueStart of year $136,346$246,346
X-26 Total liabilitiesStart of year $144,685$247,562
X-27 Net assets without donor restrictionsStart of year $559,424$402,473
X-28 Net assets with donor restrictionsStart of year $246,271$155,000
X-32 Total net assets or fund balancesStart of year $805,695$557,473
X-33 Total liabilities and net assetsStart of year $950,380$805,035
Part XI · Reconciliation of net assets $557,473 net assets at year end
XI-1 Total revenue$436,467
XI-2 Total expenses$684,689
XI-3 Revenue less expenses−$248,222
XI-4 Net assets at start of year$805,695
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$557,473

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.