Overview
What is Madison House?
Madison House is a nonprofit organization based in Charlottesville, Virginia, specifically at 170 Ruby Road. Its primary role is serving as the volunteer center for students at the University of Virginia. Madison House stimulates and coordinates volunteer service, addressing community needs while complementing the students' education through leadership development and community service. In a typical year, over 1,400 University of Virginia students engage in weekly volunteer activities organized by Madison House. With a workforce of 18 individuals, the organization forges community partnerships and promotes lifelong volunteer service.
Official website here: www.madisonhouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Madison House has received an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The charity's overall score is based entirely on its accountability and finance metrics, where it scored a perfect 100%. This high rating indicates that Madison House adheres to rigorous standards of governance and fiscal responsibility, making it a reliable choice for potential donors.
The organization boasts a majority independent board, with 92% of its members independent, and a well-sized board of 12 members, which allows for a diverse range of perspectives and effective oversight. Additionally, there is no material diversion of assets, and important policies such as conflict of interest and whistleblower protections are properly documented and in place. This proactive approach to governance strengthens donor confidence.
Financially, Madison House demonstrates sound management practices, with a low liabilities to assets ratio of 1.90% and a robust program expense ratio of 75.15%. These figures suggest that the majority of expenditures are directed towards fulfilling the organization's mission rather than administrative costs. While the data presents a strong case for Madison House’s operational integrity and financial health, continuous monitoring of its performance remains essential for stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Madison House legitimate?
Madison House is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison House 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: $135,439
Professional Fundraising Fees: $0
Other Salaries and Wages: $544,554
For more financial information, click here
Official website here: www.madisonhouse.org
What is the mission statement of Madison House?
Madison House serves as a volunteer center for students at the University of Virginia, stimulating and coordinating volunteer service to address community needs. The organization supplements the education of students through leadership development and their service to the community. Madison House's mission is to stimulate and coordinate volunteer service, fostering leadership development and contributing to the education and personal growth of students while addressing community needs. The center coordinates over 1,400 University of Virginia students who volunteer weekly through various service programs, benefiting both the community and the students' personal development.
Official website here: www.madisonhouse.org
What is the revenue of Madison House?
Madison House's revenue in 2024 was $935,031.
Official website here: www.madisonhouse.org
Who are the executives of Madison House and what are their salaries?
The average compensation at Madison House during 2024 was $22,666. There are 30 employees and 1882 volunteers at Madison House.
Here are 18 key members and their salaries:
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Official website here: www.madisonhouse.org
Where can I find the form 990 for Madison House?
Madison House's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.madisonhouse.org
Learn more at the official website: www.madisonhouse.org
Mission Statement of Madison House
Madison House, serving as the volunteer center for students at the University of Virginia, stimulates and coordinates volunteer service to address the needs of the community. Its primary mission is to supplement the education of students by encouraging volunteer work, fostering leadership development, and promoting lifelong volunteer service. By coordinating the efforts of over 1,400 University of Virginia students on a weekly basis, Madison House organizes service programs aimed at addressing community needs and helping students achieve their personal growth objectives. The organization plays a pivotal role in building community partnerships and promoting volunteerism, thereby contributing to the overall betterment of society.
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Impact
July, 2024
Madison House's impact can be seen in its role as the volunteer center for students of the University of Virginia. By stimulating and coordinating volunteer service that addresses the needs of the community, Madison House not only enhances the educational experience of students through leadership development but also contributes to the betterment of the community. Through its service programs, over 1,400 University of Virginia students volunteer their time and energy weekly, making a significant impact on the community while also furthering their own personal growth and education.
This information is meant to be a general summary of Madison House. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $934
- Gross Receipts: $935,031
Assets and Liabilities:
- Total Assets: $2,703,620
- Total Liabilities: $37,588
- Net Assets: $2,666,032
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Organization Details
Founding Year
1969
Principal Officer
Doug Trout
Website
www.madisonhouse.orgNTEE Category
Code: P28Z - Human services
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