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← COMMUNITY FOUNDATION OF MADISON AND JEFFERSON COUNTY INC

Form 990 for tax year 2025

Filed by COMMUNITY FOUNDATION OF MADISON AND JEFFERSON COUNTY INC.

Totals

Total revenue
$5,211,924
Total expenses
$2,073,503
Contributions and grants received
$2,927,114
Grants paid
$1,363,125
Program service revenue
$21,509
Investment income
$2,263,301
Other revenue
$0
Total assets, end of year
$52,519,742
Total liabilities, end of year
$1,911,971
Net assets or fund balances, end of year
$50,607,771
Program services expenses (Part IX)
$1,702,607
Management and general expenses
$207,458
Fundraising expenses
$163,438
Program service expenses (Part III)
$1,702,607

Program services were 82.1% 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

    $2,927,114

  • 1g · Noncash contributions included above

    $109,463

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $12,022 · related or exempt $12,022

  • 2b · Program service revenue: MANAGEMENT FEE REVENUE

    total $9,487 · related or exempt $9,487

  • 3 · Investment income

    total $2,162,450 · excluded $2,162,450

  • 7a · Gross sales of assets other than inventory

    securities $830,191

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

    securities $729,340

  • 7c · Gain or loss

    securities $100,851

  • 7d · Net gain or loss

    total $100,851 · excluded $100,851

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,144,321 · program services $1,144,321

  • 2 · Grants to domestic individuals

    total $218,804 · program services $218,804

  • 5 · Compensation of officers, directors and key employees

    total $165,412 · program services $68,894 · management and general $53,651 · fundraising $42,867

  • 7 · Other salaries and wages

    total $182,123 · program services $75,855 · management and general $59,071 · fundraising $47,197

  • 10 · Payroll taxes

    total $19,327 · program services $8,049 · management and general $6,269 · fundraising $5,009

  • 11c · Fees: accounting

    total $16,550 · management and general $16,550

  • 11f · Fees: investment management

    total $117,945 · program services $117,945

  • 12 · Advertising and promotion

    total $34,235 · program services $10,271 · management and general $10,270 · fundraising $13,694

  • 13 · Office expenses

    total $25,714 · program services $10,070 · management and general $5,142 · fundraising $10,502

  • 14 · Information technology

    total $38,498 · program services $15,399 · management and general $15,399 · fundraising $7,700

  • 16 · Occupancy

    total $8,788 · program services $439 · management and general $7,910 · fundraising $439

  • 17 · Travel

    total $5,169 · program services $2,068 · management and general $2,067 · fundraising $1,034

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $38,291 · program services $15,316 · management and general $7,659 · fundraising $15,316

  • 24a · Other expenses: DONOR DEVELOPMENT

    total $22,479 · program services $6,744 · management and general $4,495 · fundraising $11,240

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $9,853 · program services $493 · management and general $8,867 · fundraising $493

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,238 · program services $3,295 · management and general $1,648 · fundraising $3,295

  • 24d · Other expenses: ANNUAL MEETING EXPENSE

    total $8,041 · program services $3,216 · management and general $1,609 · fundraising $3,216

  • 24e · All other expenses

    total $2,715 · program services $1,078 · management and general $551 · fundraising $1,086

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,063,698 · end of year $1,358,309

  • 2 · Savings and temporary cash investments

    beginning of year $69,936 · end of year $768,671

  • 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

    $142,335

  • 10c · Land, buildings and equipment, net

    beginning of year $217,750 · end of year $210,750

  • 11 · Investments: publicly traded securities

    beginning of year $43,279,831 · end of year $50,181,659

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,293 · end of year $539

  • 18 · Grants payable

    beginning of year $2,150 · end of year $64,000

  • 21 · Escrow or custodial account liability

    beginning of year $1,531,647 · end of year $1,847,432

  • 25 · Other liabilities

    beginning of year $1,309,588 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $778,482 · end of year $1,024,568

  • 28 · Net assets with donor restrictions

    beginning of year $41,008,408 · end of year $49,583,203

Mission and programs · 2025

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 $1,702,607 · Grants $1,363,125 · Revenue $21,509

As filed on the 2025 return.

Listed in Part VII

  • DANIEL BUTLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FERNANDO RUBIO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HANNAH TAYLOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANCY TOTTEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SANDY SAILER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNY DARNOLD

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • DEVON SHARPE

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • TANNER MAHONEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • PHIL MCKAY

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM E BARNES JR

    PRESIDENT & CEO

    Total calculated
    $165,413
    From this org
    $144,027
    From related orgs
    $0
    Other
    $21,386
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,027
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,696
    Nontaxable benefits
    $13,690
    Filer's total
    $165,413

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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 $19,942 · assets $213,783

    Directly controlled by COMMUNITY FOUNDATION OF MADISON AND JEFFERSON COUNTY INC

Provenance

Return type
form_990
Tax year
2025
Filed
16 July 2026
IRS schema version
2025v4.2
Source object
202632339349300973

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