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Nonprofiteer
← MADISON PUBLIC SCHOOLS FOUNDATION INC

Form 990 for tax year 2023

Filed by MADISON PUBLIC SCHOOLS FOUNDATION INC.

Totals

Total revenue
$1,660,947
Total expenses
$2,800,576
Contributions and grants received
$1,534,583
Grants paid
$1,924,506
Program service revenue
$0
Investment income
$126,364
Other revenue
$0
Total assets, end of year
$13,262,523
Total liabilities, end of year
$595,088
Net assets or fund balances, end of year
$12,667,435
Program services expenses (Part IX)
$2,250,132
Management and general expenses
$350,836
Fundraising expenses
$199,608
Program service expenses (Part III)
$2,250,132

Program services were 80.3% 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

    $1,534,583

  • 1g · Noncash contributions included above

    $106,744

  • 3 · Investment income

    total $126,364 · excluded $126,364

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,918,006 · program services $1,918,006

  • 2 · Grants to domestic individuals

    total $6,500 · program services $6,500

  • 5 · Compensation of officers, directors and key employees

    total $147,037 · program services $67,674 · management and general $54,533 · fundraising $24,830

  • 7 · Other salaries and wages

    total $316,264 · program services $145,559 · management and general $117,297 · fundraising $53,408

  • 8 · Pension plan contributions

    total $11,207 · program services $5,158 · management and general $4,156 · fundraising $1,893

  • 9 · Other employee benefits

    total $22,814 · program services $10,500 · management and general $8,461 · fundraising $3,853

  • 10 · Payroll taxes

    total $36,876 · program services $16,972 · management and general $13,677 · fundraising $6,227

  • 11c · Fees: accounting

    total $54,943 · management and general $54,943

  • 11f · Fees: investment management

    total $9,777 · management and general $9,777

  • 11g · Fees: other

    total $16,587 · management and general $16,587

  • 12 · Advertising and promotion

    total $71,497 · fundraising $71,497

  • 13 · Office expenses

    total $14,551 · program services $6,697 · management and general $5,397 · fundraising $2,457

  • 14 · Information technology

    total $35,540 · program services $16,357 · management and general $13,181 · fundraising $6,002

  • 16 · Occupancy

    total $43,389 · program services $19,969 · management and general $16,093 · fundraising $7,327

  • 19 · Conferences, conventions and meetings

    total $33,999 · program services $16,277 · management and general $3,116 · fundraising $14,606

  • 22 · Depreciation, depletion and amortization

    total $40,279 · program services $18,538 · management and general $14,939 · fundraising $6,802

  • 23 · Insurance

    total $4,182 · program services $1,925 · management and general $1,551 · fundraising $706

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $17,128 · management and general $17,128

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,242,691 · end of year $3,283,524

  • 3 · Pledges and grants receivable

    beginning of year $171,012 · end of year $194,790

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,598 · end of year $1,804

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

    $168,398

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

    $96,923

  • 10c · Land, buildings and equipment, net

    beginning of year $111,753 · end of year $71,475

  • 11 · Investments: publicly traded securities

    beginning of year $1,607,819 · end of year $1,790,014

  • 12 · Investments: other securities

    beginning of year $78,278 · end of year $79,345

  • 15 · Other assets

    beginning of year $7,337,459 · end of year $7,841,571

  • 17 · Accounts payable and accrued expenses

    beginning of year $107,221 · end of year $291,624

  • 18 · Grants payable

    beginning of year $325,720 · end of year $178,196

  • 25 · Other liabilities

    beginning of year $167,051 · end of year $125,268

  • 27 · Net assets without donor restrictions

    beginning of year $9,273,381 · end of year $9,920,956

  • 28 · Net assets with donor restrictions

    beginning of year $3,680,237 · end of year $2,746,479

Mission and programs · 2023

Mission

THE FOUNDATION IS COMMITTED TO SUPPORTING THE EDUCATION OF EVERY CHILD BY RAISING PRIVATE FUNDS, AWARDING GRANTS, DEVELOPING COMMUNITY PARTNERSHIPS, AND ADVOCATING FOR MADISON'S PUBLIC SCHOOLS.

Activities or mission (Part I)

TO PROVIDE FUNDING EXCLUSIVELY TO THE SCHOOLS OF THE MADISON METROPOLITAN SCHOOL DISTRICT IN SUPPORT OF CREATIVE INITIATIVES, CONSISTENT WITH SUSTAINING EXCELLENCE IN EDUCATION, WHICH PREVIOUSLY HAVE NOT BEEN FUNDED AND WHICH CANNOT BE FUNDED THROUGH THE CORE SCHOOL BUDGET.

  • GRANTS, SCHOLARSHIPS, AND FISCAL AGENT SERVICES - SUPPORTS THE DISTRICT'S SCHOOLS, PROGRAMS, PROJECTS, AND STUDENTS.

    Expenses $1,615,019 · Grants $1,528,506

  • COMMUNITY SCHOOLS - SUPPORTS THE DISTRICT'S PROGRAMS, CREATING A WELCOMING AND INCLUSIVE PLACE THAT BUILDS ON THE ASSETS OF THE COMMUNITY TO HELP SERVE THE IDENTIFIED NEEDS OF THE STUDENTS, FAMILIES AND COMMUNITY THROUGH WELL INTEGRATED AND COORDINATED, STRATEGIC PARTNERSHIPS. COMMUNITY SCHOOLS OFFER A SUITE OF INTERCONNECTED SERVICES THAT MAY INCLUDE TUTORING, EARLY CHILDHOOD LEARNING SUPPORT, MENTORING, MENTAL HEALTH SERVICES, FOOD ACCESS, AND RECREATION AND ARTS ACTIVITIES.

    Expenses $396,000 · Grants $396,000

  • COMMUNITY PARTNERSHIPS - SUPPORTS THE IDENTIFICATION AND DEVELOPMENT OF PARTNERSHIPS BETWEEN SCHOOLS IN THE DISTRICT WITH LOCAL BUSINESSES AND OTHER ORGANIZATIONS. THE FOUNDATION MANAGES THREE PROGRAMS IN THIS AREA: THE ADOPT-A-SCHOOL PROGRAM, SCHOOLS MAKE MADISON SUMMIT, AND THE TEACHER SUPPORT NETWORK.

    Expenses $177,536

  • ADVOCACY - PROVIDES AWARENESS AND CAMPAIGNING EFFORTS TO THE DISTRICT.

    Expenses $38,854

  • PROJECT ALUMNI - SUPPORTS THE CONNECTING OF ALUMNI WITH FELLOW ALUMNI, FACULTY, STUDENTS, AND STAFF IN ORDER TO CREATE A COMMUNITY THAT FACILITATES THE DELIVERY OF A WIDE ARRAY OF RESOURCES: INTELLECTUAL, ACADEMIC, CAREER, COLLEGIATE, NETWORKING, AND PHILANTHROPIC.

    Expenses $22,723

  • ANY GIVEN CHILD - SUPPORTS THE PARTNERSHIPS OF THE DISTRICT, OVERTURE CENTER FOR THE ARTS, AND THE CITY OF MADISON AND IS COMMITTED TO ENSURING STUDENTS HAVE A QUALITY, WELL-ROUNDED EDUCATION THAT PROVIDES ACCESS TO THE ARTS. THE PROGRAM HAD NO ACTIVITY IN 2022 AND 2023.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARTY MALLOY

    CHAIR (THRU JULY)

    Total calculated
    $0
    Hours/week
    1

  • GARY JORDAN

    CHAIR (FROM AUGUST)

    Total calculated
    $0
    Hours/week
    1

  • MARY ROMOLINO

    CHAIR-ELECT (THRU AUGUST)

    Total calculated
    $0
    Hours/week
    1

  • DANIEL NERAD

    CHAIR-ELECT (FROM NOVEMBER)

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • MELISSA SCHOLZ

    VICE CHAIR/SECRETARY (THRU APRIL)

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • GLORIA REYES

    VICE CHAIR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ALYSSA HARTUNG

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KATHY COSTELLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE HERTTING

    DIRECTOR (THRU AUGUST)

    Total calculated
    $0
    Hours/week
    1

  • ALLISON REIMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KERRY MOTOVILOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEB NEFF

    DIRECTOR (THRU AUGUST)

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN DICKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETH GOEDDEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GISELE SUTHERLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDY LYONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE DOVE

    DIRECTOR (THRU SEPTEMBER)

    Total calculated
    $0
    Hours/week
    1

  • SAMANTHA BARUAH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TED JUN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN KENNELLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANN MARIE MALECHA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MANDY MARCUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JILL JOKELA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL SIMS

    DIRECTOR (THRU JULY)

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER KRAEMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BADRI LANKELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD MCGREGORY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA RIPLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE LUEDKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELINDA HEINRITZ

    PRESIDENT

    Total calculated
    $147,037
    From this org
    $131,288
    From related orgs
    $0
    Other
    $15,749
    Hours/week
    35 + 0.1 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SCHOOLS MAKE MADISON ADVOCATES INC

    501(C)(4) · ADVOCACY FOR THE MADISON METROPOLITAN SCHOOL DISTRICT · WI · controlled entity

    Directly controlled by MADISON PUBLIC SCHOOLS FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202433039349301428

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