Madisons Joy

EIN 93-2594401 Public charity (501(c)(3)) Charlotte, NC

Form 990 (PDF) Compare with another nonprofit →

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Size

$100K–1M

What they do

A human services nonprofit based in Charlotte, NC. It reported about $200K in revenue for 2024.

Leadership

Madison Nabors · CEO · $2K

Money in and out

$200K revenue

Bottom line

33.6mo operating runway

A human services nonprofit based in Charlotte, NC. It reported about $200K in revenue for 2024. For fiscal year 2024 it reported $200K in revenue, — in expenses, and $148K in net assets.Pt I

Where the money goes · FY2024

Total revenue

$200K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$148K

Pt X · Ln 32

Operating runway

33.6mo

months of highly liquid reserves at operating expense rate

Surplus margin

+74%

revenue over expenses, this year

Donor-funded

100%

of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2024 · Form 990-EZ

Total revenue

$200K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$148K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19—

Total assetsPt X · Ln 16—

Program-expense ratioPt IX · col B—

Voting members of governing bodyPt I · Ln 3pending

Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CMadisons Joy

EINHdr · item D93-2594401

Principal addressHdr · item CCharlotte, NC

WebsiteHdr · item Jnone reported

Year of formationHdr · item Lpending

State of legal domicileHdr · item MNC

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFHuman Services (P80)

Ruling yearIRS BMFSep 2023

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Madison Nabors

CEO

$1,523Pt VII · Sec A

Madison Nabors’s $2K as CEO is at the 4th percentile of top reported officer pay among 203 <$100K human services 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.

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Statement of Revenue

Part VIII

Other revenue100%$200K

Total revenueLn 12$200K

Balance Sheet

Part X · end of year

CashLn 1—

Total assetsLn 16—

Total liabilitiesLn 26—

Total net assetsLn 32$148K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $148K · Operating expenses/yr $53K

33.6 months

Where the money goes

Program services

not reported

Management & General

not reported

Fundraising

not reported

Cost to raise $1

not reported

Where the money comes from

Contribution dependence

Contributions & grants $200K · Total revenue $200K

100%

Government reliance

not reported

Earned-income share

Program service revenue — · Total revenue $200K

—

Investment reliance

Investment income — · Total revenue $200K

—

Program self-sufficiency

Program service revenue — · Total expenses $53K

Rests on the self-reported EZ program figure

Growth & trend

Revenue growth (YoY)

This year $200K · Prior year —

No prior year on file

Net-asset trend (YoY)

End of year $148K · Beginning of year $408

×362

Balance sheet

Surplus Margin

Revenue $200K · Expenses $53K

+74%

Liabilities-to-Assets

Total liabilities — · Total assets $148K

—

Net-asset ratio

Net assets $148K · Total assets $148K

100%

People & payroll

Highest Reported Total Compensation

Individual Madison Nabors · Reported title CEO · Highest reported compensation $2K · Total expenses $53K

Personnel share

Salaries & benefits $2K · Total expenses $53K

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown. Peer cohort: .

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2024 (Latest)$200K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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