Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1942.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
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
17 people listed on the 990.
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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
Awards scholarships to students and grants to community charities.
Questions for Madison Rotary Foundation
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Scholarship Program
Provides four-year college scholarship assistance to high school seniors in need of financial resources to attend college. Students in the program must submit an official transcript from their college in order to continue receiving the financial assistance, and 25 students are named each year.
Community Grants Program
Provides grants to organtzation serving individuals in need. In 2021, 46 organizations received grants from the madison rotary foundation, and each organization is serving a number of individuals in need in the community (each organization number of recipients varies from 10 to over 1,000).
Youth Awards Program
Provides one-time award amounts to local high school students for achievements during the current year or during their high school years. All of the funds provided through these programs provide 100% to RECIPIENTS/ORGANIZATIONS. 48 students received awards in 2021.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $247K | $181K |
| InvestmentsLn 11–13 | $13.0M | $16.3M |
| Total assetsLn 16 | $13.3M | $16.5M |
| LiabilitiesLn 26 | $1.1M | $1.1M |
| Net assetsLn 32 | $12.2M | $15.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $305K | $305K | ||
| Grants to domestic individualsLn 2 | $339K | $339K | ||
| Management feesLn 11a | $55K | $22K | $33K | |
| Accounting feesLn 11c | $21K | $21K | ||
| Investment management feesLn 11f | $16K | $16K | ||
| Office expensesLn 13 | $4K | $2K | $3K | |
| OccupancyLn 16 | $5K | $2K | $3K | |
| InsuranceLn 23 | $1K | $578 | $865 | |
| Other expenses (24a–d)Ln 24 | $2K | $2K | ||
| All other expensesLn 24e | $12K | $12K | ||
| Total functional expensesLn 25 | $761K | $673K | $88K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.1M | $1.0M | $79K | $18.1M | 990 PDF |
| FY2024 | $673K | $961K | −$288K | $16.3M | 990 PDF |
| FY2023 | $1.1M | $916K | $173K | $14.9M | 990 PDF |
| FY2022 | $1.3M | $811K | $447K | $13.4M | 990 PDF |
| FY2021 Viewing | $772K | $761K | $11K | $15.3M | 990 PDF |
| FY2020 | $1.0M | $829K | $196K | $12.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $771,614 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, 2 to look at
Part VIII · Statement of revenue $771,614 across 5 lines filed
Part IX · Statement of functional expenses $760,860 across 10 lines filed
Part X · Balance sheet $16,471,750 assets, 10 lines filed
Part XI · Reconciliation of net assets $15,322,556 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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