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South Madison Community Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351839759 ✦ Pendleton, IN ✦ Designated as a 501(c)(3)

Overview

What is South Madison Community Foundation?

South Madison Community Foundation is a nonprofit organization situated in Pendleton, Indiana, with an address at 233 South Main Street. Their primary role involves managing grants, scholarships, and related expenses, adhering to donor restrictions or the stated purpose of endowed funds. The foundation's mission is to generate positive change and lasting impact within the South Madison County community. They achieve this by attracting charitable gifts and making philanthropic contributions in response to community needs, ultimately aiming to enhance the quality of life for local residents. The organization operates with a small team of five dedicated individuals.


Official website here: www.southmadisonfoundation.org

Is South Madison Community Foundation legitimate?

South Madison Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Madison Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $57,648
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,008

For more financial information, click here


Official website here: www.southmadisonfoundation.org

What is the mission statement of South Madison Community Foundation?

The South Madison Community Foundation's mission is to instigate positive change and create lasting impact in the community, enhancing the quality of life for its residents. They achieve this by attracting charitable donations and making philanthropic gifts in response to identified community needs. The organization's activities primarily involve the administration of grants, scholarships, and related expenses, adhering to donor restrictions or the stated purpose of endowed funds.


Official website here: www.southmadisonfoundation.org

Who is the CEO of South Madison Community Foundation?

Tammy K Bowman is the Executive Director of South Madison Community Foundation.


Official website here: www.southmadisonfoundation.org

What is the revenue of South Madison Community Foundation?

South Madison Community Foundation's revenue in 2023 was $1,237,464.


Official website here: www.southmadisonfoundation.org

Who are the executives of South Madison Community Foundation and what are their salaries?

The average compensation at South Madison Community Foundation during 2023 was $21,131. There are 5 employees at South Madison Community Foundation.

Here are 12 key members and their salaries:

    Tammy K Bowman (Executive Director)
  • Compensation: $57,648
  • Related: $0
  • Other: $2,883

    • Betsy Allen (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Turner (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rachel Christenson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Connie Rector (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Bastin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Brand (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Dudley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sara Hauser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Hersberger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dustin Pennington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pam Shuck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.southmadisonfoundation.org

    Where can I find the form 990 for South Madison Community Foundation?

    The South Madison Community Foundation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.southmadisonfoundation.org

    Learn more at the official website: www.southmadisonfoundation.org

    Mission Statement of South Madison Community Foundation

    The South Madison Community Foundation is committed to fostering positive change and creating a lasting impact in its community. Its mission is to enhance the quality of life for the residents of South Madison County by attracting charitable gifts and making philanthropic contributions in response to community needs. This organization operates with a vision to produce significant and enduring improvements, ensuring that the community thrives and flourishes. In line with this mission, the South Madison Community Foundation administers grants, scholarships, and related expenses in accordance with donor restrictions or the stated purpose of endowed funds. This proactive approach allows the foundation to address various community needs effectively, ensuring that charitable gifts are used to bring about meaningful change.

    Impact

    This information is meant to be a general summary of South Madison Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    South Madison Community Foundation plays a crucial role in producing positive change and lasting impact in the South Madison County community. By attracting charitable gifts and making philanthropic contributions in response to community needs, the foundation enhances the quality of life for residents. Through the administration of grants, scholarships, and related expenses in accordance with donor restrictions, the foundation effectively channels resources to support various initiatives that uplift and empower the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $256,347
  • Program Service Revenue: $0
  • Gross Receipts: $3,044,075

    • Assets and Liabilities:
  • Total Assets: $12,426,184
  • Total Liabilities: $253,482
  • Net Assets: $12,172,702
  • Organization Details

    Founding Year

    1991

    Principal Officer

    Tammy K Bowman

    Main Address

    233 SOUTH MAIN STREET, PENDLETON, IN, 46064

    NTEE Category

    Code: T31I - Philanthropy

    If you are a representative of South Madison Community Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.