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Madison Education Foundation

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

EIN: 432001702 ✦ Madison, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Madison Education Foundation?

The Madison Education Foundation is a charitable organization based in Madison, New Jersey. Its primary objective is to enhance and expand educational enrichment opportunities for all students within the Madison Public School District. The foundation achieves this by encouraging community participation and philanthropy for educational initiatives. Through its mission, it contributes to educational innovation by funding ideas proposed by faculty and staff, designed to equip students with essential knowledge and skills. The foundation's efforts include providing bilingual and ESL books, reading activities, author visits, Lego boards, recess equipment, and resources for alternative seating to promote a conducive learning environment in kindergarten classrooms.


Official website here: www.mefnj.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76%, Three-Star out of Four Star rating.

The Madison Education Foundation has received a 76% score, which reflects its performance in the realm of accountability and finance. This score is based entirely on a single beacon score, highlighting the organization's commitment to financial transparency and governance. The foundation has successfully maintained an independent board with all members being independent, which is a positive indicator of its governance structure.

Strengths highlighted in the evaluation include a high program expense ratio of 90.43%, demonstrating that a significant portion of its expenses goes directly toward its educational programs. Additionally, the foundation has no reported material diversion of assets, further underscoring its fiscal integrity. However, the absence of key policies such as a conflict of interest policy and a whistleblower policy raises concerns about its governance practices.

Overall, while the Madison Education Foundation shows strengths in financial management and operational transparency, the lack of certain policies may suggest areas for improvement in governance. Prospective donors and supporters should consider both the positive financial indicators and the noted limitations when evaluating their support for the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Madison Education Foundation legitimate?

Madison Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Education 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mefnj.org

What is the mission statement of Madison Education Foundation?

The Madison Education Foundation was established with two primary goals. Firstly, it aims to enhance and expand educational enrichment opportunities for all students in the local school district. Secondly, it seeks to support long-term flexibility for schools by encouraging community participation and philanthropy for educational initiatives. The foundation's mission is to contribute to educational innovation by funding ideas proposed by faculty and staff, designed to equip students with knowledge and skills. These initiatives aim to provide students with a well-rounded education, fostering their growth and development.


Official website here: www.mefnj.org

Who is the CEO of Madison Education Foundation?

Marie France Greer is the President of Madison Education Foundation.


Official website here: www.mefnj.org

What is the revenue of Madison Education Foundation?

Madison Education Foundation's revenue in 2023 was $100,837.


Official website here: www.mefnj.org

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


Here are 2 key members and their salaries:


Marlena Fass (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marie-France Greer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mefnj.org

Where can I find the form 990 for Madison Education Foundation?

Madison Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.mefnj.org

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

Mission Statement of Madison Education Foundation

The Madison Education Foundation was established with a dual mission to enhance and expand educational enrichment opportunities for all students within the Madison Public School District and to support long-range flexibility for the district schools by encouraging community-wide participation and philanthropy for educational initiatives. The foundation's objective is to contribute to educational innovation by funding ideas proposed by faculty and staff, aimed at providing students with essential knowledge and skills. By doing so, the Madison Education Foundation aims to enrich the educational experiences of students, fostering a supportive environment that nurtures their growth and development.

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Impact




October, 2024

The Madison Education Foundation significantly enhances educational opportunities for all students in the Madison Public School District. By promoting community-wide participation and philanthropy, it ensures that schools have the flexibility to innovate and adapt to the evolving educational landscape.

The foundation funds a variety of initiatives proposed by educators aimed at enriching the learning experience. This includes providing bilingual and ESL books, creating engaging reading activities, and facilitating author visits that inspire a love for literature. Additionally, the foundation supports hands-on activities through resources like LEGO boards and recess equipment, which promote sensory and motor learning, particularly in kindergarten.

By establishing quiet and safe areas in classrooms and providing alternative seating options, the foundation enhances the overall learning environment, ensuring that students have access to diverse educational tools and experiences. Through its efforts, the Madison Education Foundation plays a vital role in fostering a culture of educational innovation and excellence within the community.




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


Financials

This financial information is from Propublica.

Revenue
$100,837 (2023)
Expenses
$139,428 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $94
  • Gross Receipts: $136,742

Assets and Liabilities:

  • Total Assets: $115,259
  • Total Liabilities: $0
  • Net Assets: $115,259

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Organization Details

Founding Year

2003

Principal Officer

Marie France Greer

Main Address

PO BOX 1093, MADISON, NJ, 07940

NTEE Category

Code: B11 - Education

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