Madison Main Street Foundation Inc
Nonprofit profile at a glance
- EIN
- 274986958
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024
- Location
- Madison, NJ, USA
- Phone
- 9738220835
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $158,286
- Expenses
- $99,502
- Assets
- $228,485
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- PAUL DALY (VICE CHAIR)
- BARRY KROLL (TRUSTEE)
- JESSICA DONINGER (TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To foster a sense of community and to promote communication and cooperation between members of corporation and other groups.to promote the development of madison, nj's commercial district, to act as a business advocate for the district, and to produce and distribute educational materials relating to the district.to assist other charitable and educational organizations in the conduct of similar activities.to engage in other charitable and educational activities as determined by the board of trustees.
What it reported doing in 2024
To foster a sense of community and to promote communication and cooperation between members of corporation and other groups.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 82
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.9%; rating input score 50
- Program expense ratio: 82.6%; rating input score 83
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 37.1%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 2.3; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 1.7% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 49.9% of revenue deployed · 82.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $82K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.