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← MAD FOUNDATION INC

Form 990 for tax year 2024

Filed by MAD FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 11 November 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$1,425,628
Total expenses
$1,421,231
Contributions and grants received
$1,298,899
Grants paid
$985,000
Program service revenue
$107,950
Investment income
$18,779
Other revenue
$0
Total assets, end of year
$1,383,459
Total liabilities, end of year
$2,250
Net assets or fund balances, end of year
$1,381,209
Program services expenses (Part IX)
$985,000
Management and general expenses
$60,468
Fundraising expenses
$375,763
Program service expenses (Part III)
$985,000

Program services were 69.3% 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

    $1,298,899

  • 1g · Noncash contributions included above

    $45,000

  • 2a · Program service revenue: CONSULTING INCOME

    total $107,950 · related or exempt $107,950

  • 3 · Investment income

    total $18,779 · excluded $18,779

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $985,000 · program services $985,000

  • 5 · Compensation of officers, directors and key employees

    total $198,625 · management and general $19,863 · fundraising $178,762

  • 10 · Payroll taxes

    total $13,755 · management and general $1,375 · fundraising $12,380

  • 11c · Fees: accounting

    total $30,240 · management and general $30,240

  • 11e · Fees: professional fundraising services

    total $86,890 · fundraising $86,890

  • 11g · Fees: other

    total $3,481 · management and general $2,481 · fundraising $1,000

  • 13 · Office expenses

    total $3,915 · management and general $3,915

  • 17 · Travel

    total $24,182 · fundraising $24,182

  • 23 · Insurance

    total $2,358 · management and general $2,358

  • 24a · Other expenses: EVENT EXPENSE

    total $68,413 · fundraising $68,413

  • 24b · Other expenses: BANK/CREDIT CARD FEES

    total $4,372 · management and general $236 · fundraising $4,136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $395,440 · end of year $1,069,128

  • 3 · Pledges and grants receivable

    beginning of year $527,531 · end of year $313,733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $556 · end of year $598

  • 11 · Investments: publicly traded securities

    beginning of year $488,387

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,355 · end of year $2,250

  • 27 · Net assets without donor restrictions

    beginning of year $926,028 · end of year $1,212,276

  • 28 · Net assets with donor restrictions

    beginning of year $412,531 · end of year $168,933

Mission and programs · 2024

Mission

THE MAD FOUNDATION, INC. SUPPORTS KOMITEEN FOR MAD SYMPOSIYM("MAD"), A CHARITABLE ORGANIZATION IN DENMARK, THROUGH VARIOUS GRANTS. THE GRANTS PROVIDED MAD TO OPERATE AND DRIVE CHANGE IN FOOD SYSTEMS, TO CONTRIBUTE TO THE HEALTH OF THE PLANET, AND TO THE LIVES OF THOSE WORKING IN FOOD. MAD HAS CREATED AN ACADEMY TO TEACH ABOUT SUSTAINABILITY, LEADERSHIP AND BUSINESS PRACTICES FOR LEADERS IN HOSPITALITY.

Activities or mission (Part I)

TO BRING TOGETHER A GLOBAL COOKING COMMUNITY WITH A SOCIAL CONSCIENCE, SENSE OF CURIOSITY, AND AN APPETITE FOR CHANGE. MAD EMPOWERS CHEFS AND FOOD SYSTEM LEADERS TO ADDRESS THE WORLD'S MOST PRESSING ISSUES FROM CLIMATE CHANGE, ENVIRONMENT, AND HEALTH THROUGH A DYNAMIC NETWORK, EVENTS, AND PUBLICATIONS.

  • MAD:(TAKEN FROM THE DANISH WORD FOR "FOOD") IS A NONPROFIT-ORGANIZATION THAT INSPIRES AND EMPOWERS COOKS, SERVERS, AND EATERS TO CREATE SUSTAINABLE CHANGE. FROM LUMINARIES IN THE FIELD TO YOUNG APPRENTICES, MAD CONNECTS INDIVIDUALS AND EQUIPS THEM TO MAKE A DIFFERENCE IN THEIR RESTAURANTS AND THE WORLD.

    Expenses $985,000 · Grants $985,000 · Revenue $107,950

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kelli Hayes

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dwayne Sye

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Barber

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Brian Kaufman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Erica Helms

    DIRECTOR OF PHILANTHROPY

    Total calculated
    $198,625
    From this org
    $198,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,625
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $198,625

  • Jessica Koslow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christine Lippert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cindy Rachofsky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Roger Stein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tatiana Levha

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Helen Wechsler To Dec 2024

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melina Shannon-Dipietro

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    5

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

None.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
19 November 2025
IRS schema version
2024v5.2
Source object
202533499349300518

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