Madelyns Fund FY2022 filing

Tax-deductible

Charlotte, NC501(c)(3)Since 2017Diseases & DisordersEIN 82-3577117Revenue $617K in FY2022

On file with the IRSmadelynsfund.org1430 Twiford Pl, 28207-2342 · Charlotte, NCTax-exempt since Sep 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to support infant and pediatric patients in the NICU and their families, as well as those who experience the trauma of infant loss.

501(c)(3) charity; gifts are tax-deductible.
96¢ 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
5 of 5
filings with a surplus
Average surplus $289K a year · 43% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 29.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $68K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$14K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$617K
+80% vs prior year
Spent
$336K
To programs
96%
Net assets
$818K
By yearFY2020–FY2025
Revenue
$617K
FY2022▲ +80%
Tap a bar for its year
Revenue by fiscal year
FY2020$178K
FY2021$343K
FY2022$617K
FY2023$611K
FY2024$828K
FY2025$963K
Expenses
$336K
FY2022▲ +57%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$214K
FY2022$336K
FY2023$377K
FY2024$493K
FY2025$499K
Net assets
$818K
FY2022▲ +52%
Tap a bar for its year
Net assets by fiscal year
FY2020$408K
FY2021$537K
FY2022$818K
FY2023$1.1M
FY2024$1.4M
FY2025$1.9M

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2018.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $324K Management & general 4% · $12K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
President/Sec.
$0Pt VII · Sec A
VP/Treasurer
$0Pt VII · Sec A
Community Avoc.
$0Pt VII · Sec A
Sponsorship
$0Pt VII · Sec A
Asst. Treasurer
$0Pt VII · Sec A
Asst. Secretary
$0Pt VII · Sec A
Sponsorships
$0Pt VII · Sec A
Marketing
$0Pt VII · Sec A
See Madelyns Fund 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides comfort and resources to NICU patients, their families, and those facing difficult medical journeys.

Questions for Madelyns Fund

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Provided by the organization

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1 program · $324K · in their own filed words · FY2022
01

Support families who experience a stay in the Neonatal Intensive Care Unit.

$324Kprogram 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
See all 7 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$617K
Ln 12
Gifts and grantsLn 1h$425K
Other incomeLn 4–11$178K
Investment incomeLn 3$15K
Money outPt IX
$336K
Ln 25
Programscol B$324K
Managementcol C$12K
Owns and owesPt X
$818K
net assets · Ln 32
Cash and savingsLn 1–2$826K
Total assetsLn 16$832K
LiabilitiesLn 26$14K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$425K
Noncash giftsLn 1g$6K
Fundraising eventsLn 1c$306K
Investment incomeLn 3$15K
Other incomeLn 4–11$178K
Gains on assetsLn 7$15K
Total revenueLn 12$617K
Assets in detailPt X, end of year
CashLn 1$599K
SavingsLn 2$226K
Cash and savings togetherLn 1–2$826K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$832K
LiabilitiesLn 26$14K
Net assetsLn 32$818K
OperationsPt I, VI
EmployeesI 52
VolunteersI 650
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$572K$826K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$578K$832K
LiabilitiesLn 26$41K$14K
Net assetsLn 32$537K$818K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$217K$217K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$77K$69K$8K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$6K$5K$586
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K$167
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$9K$8K$940
Office expensesLn 13$2K$2K$176
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$473$426$47
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K$125
Other expenses (24a–d)Ln 24$17K$16K$2K
All other expensesLn 24e$4K$4K$444
Total functional expensesLn 25$336K$324K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $963K$499K$464K$1.9M 990 PDF
FY2024 $828K$493K$335K$1.4M 990 PDF
FY2023 $611K$377K$234K$1.1M 990 PDF
FY2022 Viewing $617K$336K$281K$818K 990 PDF
FY2021 $343K$214K$128K$537K 990 PDF
FY2020 $178K$408K 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 (6 parts)
Part I · Summary $616,993 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $252,639$424,839
I-9 Program service revenue$0
I-10 Investment income$14,622
I-11 Other revenuePrior year $89,885$177,532
I-12 Total revenuePrior year $342,524$616,993
I-13 Grants and similar amounts paidPrior year $145,140$216,513
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $49,250$82,862
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $19,869$36,393
I-18 Total expensesPrior year $214,259$335,768
I-19 Revenue less expensesPrior year $128,265$281,225
Part VI · Governance 11 of 11 board members independent, 5 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $616,993 across 11 lines filed
VIII-1c Fundraising events$306,257
VIII-1f All other contributions, gifts and grants$118,582
VIII-1g Noncash contributions (included above)$6,150
VIII-1h Total contributions, gifts and grants$424,839
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $14,622$14,622
VIII-8 Net income from fundraising events$28,474
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $149,058$149,058
VIII-12 Total revenueRelated to mission $163,680$616,993
Part IX · Statement of functional expenses $335,768 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $216,513$216,513
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $69,298 · Management $7,700$76,998
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $5,278 · Management $586$5,864
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $1,502 · Management $167$1,669
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $8,463 · Management $940$9,403
IX-13 Office expensesPrograms $1,582 · Management $176$1,758
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $426 · Management $47$473
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,124 · Management $125$1,249
IX-24 Other expenses (24a–d)Programs $15,653 · Management $1,739$17,392
IX-24e All other expensesPrograms $4,005 · Management $444$4,449
IX-25 Total functional expensesPrograms $323,844 · Management $11,924 · Fundraising $0$335,768
Part X · Balance sheet $832,448 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $360,378$599,229
X-2 Savings and temporary cash investmentsStart of year $211,700$226,322
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,430$6,897
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $4,500$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $578,008$832,448
X-17 Accounts payable and accrued expensesStart of year $25,386$14,484
X-26 Total liabilitiesStart of year $41,269$14,484
X-27 Net assets without donor restrictionsStart of year $536,739$817,964
X-32 Total net assets or fund balancesStart of year $536,739$817,964
X-33 Total liabilities and net assetsStart of year $578,008$832,448
Part XI · Reconciliation of net assets $817,964 net assets at year end
XI-1 Total revenue$616,993
XI-2 Total expenses$335,768
XI-3 Revenue less expenses$281,225
XI-4 Net assets at start of year$536,739
XI-10 Net assets at end of year$817,964

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

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