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← COMMUNITY FOUNDATION OF MADISON AND JEFFERSON COUNTY INC

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF MADISON AND JEFFERSON COUNTY INC.

Totals

Total revenue
$3,704,692
Total expenses
$1,778,689
Contributions and grants received
$1,846,180
Grants paid
$1,129,050
Program service revenue
$18,266
Investment income
$1,840,246
Other revenue
$0
Total assets, end of year
$40,554,645
Total liabilities, end of year
$2,848,062
Net assets or fund balances, end of year
$37,706,583
Program services expenses (Part IX)
$1,433,814
Management and general expenses
$204,280
Fundraising expenses
$140,595
Program service expenses (Part III)
$1,433,814

Program services were 80.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,846,180

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $12,100 · related or exempt $12,100

  • 2b · Program service revenue: MANAGEMENT FEE REVENUE

    total $6,166 · related or exempt $6,166

  • 3 · Investment income

    total $1,203,042 · excluded $1,203,042

  • 7a · Gross sales of assets other than inventory

    securities $3,585,488

  • 7b · Less cost or other basis and sales expenses

    securities $2,948,284

  • 7c · Gain or loss

    securities $637,204

  • 7d · Net gain or loss

    total $637,204 · excluded $637,204

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $945,466 · program services $945,466

  • 2 · Grants to domestic individuals

    total $183,584 · program services $183,584

  • 5 · Compensation of officers, directors and key employees

    total $140,616 · program services $58,489 · management and general $45,797 · fundraising $36,330

  • 7 · Other salaries and wages

    total $161,314 · program services $67,099 · management and general $52,537 · fundraising $41,678

  • 10 · Payroll taxes

    total $18,128 · program services $7,540 · management and general $5,904 · fundraising $4,684

  • 11c · Fees: accounting

    total $12,800 · management and general $12,800

  • 11f · Fees: investment management

    total $109,437 · program services $109,437

  • 11g · Fees: other

    total $1,000 · management and general $1,000

  • 12 · Advertising and promotion

    total $28,845 · program services $8,654 · management and general $8,653 · fundraising $11,538

  • 13 · Office expenses

    total $12,115 · program services $4,787 · management and general $2,422 · fundraising $4,906

  • 14 · Information technology

    total $33,978 · program services $13,591 · management and general $13,591 · fundraising $6,796

  • 16 · Occupancy

    total $8,254 · program services $413 · management and general $7,428 · fundraising $413

  • 17 · Travel

    total $20,877 · program services $8,351 · management and general $8,351 · fundraising $4,175

  • 22 · Depreciation, depletion and amortization

    total $7,000 · program services $350 · management and general $6,300 · fundraising $350

  • 23 · Insurance

    total $34,324 · program services $13,730 · management and general $6,864 · fundraising $13,730

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $29,154 · program services $1,458 · management and general $26,238 · fundraising $1,458

  • 24b · Other expenses: DONOR DEVELOPMENT

    total $18,182 · program services $5,455 · management and general $3,636 · fundraising $9,091

  • 24c · Other expenses: ANNUAL MEETING EXPENSE

    total $4,512 · program services $1,805 · management and general $902 · fundraising $1,805

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $4,393 · program services $1,757 · management and general $879 · fundraising $1,757

  • 24e · All other expenses

    total $4,710 · program services $1,848 · management and general $978 · fundraising $1,884

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,097,488 · end of year $557,678

  • 2 · Savings and temporary cash investments

    beginning of year $205,691 · end of year $189,806

  • 9 · Prepaid expenses and deferred charges

    beginning of year $353 · end of year $353

  • 10a · Land, buildings and equipment: cost or other basis

    $353,085

  • 10b · Land, buildings and equipment: accumulated depreciation

    $128,335

  • 10c · Land, buildings and equipment, net

    beginning of year $231,750 · end of year $224,750

  • 11 · Investments: publicly traded securities

    beginning of year $33,995,929 · end of year $39,582,058

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,409 · end of year $3,653

  • 21 · Escrow or custodial account liability

    beginning of year $1,037,041 · end of year $1,447,495

  • 25 · Other liabilities

    beginning of year $1,454,106 · end of year $1,396,914

  • 27 · Net assets without donor restrictions

    beginning of year $634,275 · end of year $676,744

  • 28 · Net assets with donor restrictions

    beginning of year $32,389,380 · end of year $37,029,839

Mission and programs · 2023

Mission

THE MISSION OF THE COMMUNITY FOUNDATION OF MADISON & JEFFERSON COUNTY IS TO BUILD A STRONG, VIBRANT COMMUNITY BY HELPING DONORS PROVIDE PERPETUAL FUNDING FOR THE PEOPLE, PROJECTS, AND PASSIONS OF JEFFERSON COUNTY.

  • GRANTS MADE TO LOCAL CHARITIES AND OTHER NON-PROFIT ORGANIZATIONS AND ESTABLISHMENT AND MAINTENANCE OF ENDOWMENT FUNDS.

    Expenses $1,433,814 · Grants $1,129,050 · Revenue $18,266

As filed on the 2023 return.

Listed in Part VII

  • DANIEL BUTLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEVON SHARPE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FERNANDO RUBIO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANCY TOTTEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHIL MCKAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TANNER MAHONEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JD WEBSTER

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • BETH LICHLYTER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LYNN MARICLE

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JENNY DARNOLD

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MR WILLIAM E BARNES JR

    PRESIDENT & CEO

    Total calculated
    $140,616
    From this org
    $125,525
    From related orgs
    $0
    Other
    $15,091
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CFMJC PROPERTIES LLC

    REAL ESTATE HOLDING · IN · income $20,020 · assets $241,393

    Directly controlled by COMMUNITY FOUNDATION OF MADISON AND JEFFERSON COUNTY INC

Provenance

Return type
form_990
Tax year
2023
Filed
27 August 2024
IRS schema version
2023v5.1
Source object
202402419349300425

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