Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc
Francis A Madsen Jr And Constance Cmadsen Family Foundation maintains stable assets and consistent expenses with no officer compensation.
EIN: 205029757 · Sandy, UT · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $176K |
| Total Expenses | $20K |
| Program Spending | 100% |
| Net Assets | $341K |
| Transparency Score | 90/100 |
Is Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc
Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc (EIN: 205029757) is a nonprofit organization based in Sandy, UT, classified under NTEE code T21. The organization reported total revenue of $176K and total assets of $338K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $20K |
| Surplus / Deficit | +$10K |
| Total Assets | $341K |
| Total Liabilities | $1 |
| Net Assets | $341K |
| Operating Margin | 33.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 205.7 months |
Financial Health Grade: A
In 2023, Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc reported a surplus of $10K with revenue exceeding expenses, holds 205.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1057.1% | +2.8% | +3.0% |
| 2022 | -48.9% | -5.9% | -4.8% |
| 2021 | -88.9% | -2.3% | -4.3% |
| 2020 | +168.1% | -3.7% | +7.2% |
| 2019 | +81.0% | +6.0% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, directors, or trustees. This suggests a volunteer-led or very lean operational structure for the foundation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc:
- Zero officer compensation, indicating all funds are directed to mission or overhead.
- Consistent and predictable expense levels, suggesting stable operations.
- Minimal liabilities (often $1 or $0), demonstrating strong financial management.
- Stable asset base, consistently above $330,000 over the past decade.
Frequently Asked Questions about Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc
Is Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc (EIN: 205029757) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc spend its money?
Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc tax-deductible?
Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205029757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc located?
Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc is headquartered in Sandy, Utah and files with the IRS under EIN 205029757. It is classified under NTEE code T21.
How many years of IRS 990 filings does Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc have?
Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $176K in total revenue.
Is Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc a good charity?
Based on the available IRS 990 data, the foundation appears to be a well-managed private foundation. It consistently reports 0% officer compensation, indicating that all expenses go towards its mission or essential overhead. Its assets are stable, and liabilities are minimal, suggesting sound financial health.
How does the foundation manage its expenses?
The foundation's expenses have been remarkably consistent, typically ranging from $19,000 to $22,000 annually over the past decade. For example, in 2023, expenses were $19,890, and in 2022, they were $19,356. This consistency suggests predictable operational or grant-making activities.
What is the trend in the foundation's revenue?
Revenue has been highly variable, ranging from $0 in 2012 to $45,583 in 2020. The latest reported revenue for 2023 was $29,981, which is higher than the $2,591 reported in 2022, but lower than the $176,207 'Latest Revenue' figure provided, which may represent a different reporting period or aggregate.
Filing History
IRS 990 filing history for Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc's revenue has grown by 256.2%, moving from $8K to $30K. Total assets decreased by 15.4% over the same period, from $403K to $341K. Total functional expenses fell by 10.7%, from $22K to $20K. In its most recent filing year (2023), Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $1 in liabilities against $341K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $341K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $20K | $341K | $1 | — | — |
| 2022 | $3K | $19K | $331K | $1 | — | View 990 |
| 2021 | $5K | $21K | $348K | $1 | — | View 990 |
| 2020 | $46K | $21K | $363K | $1 | — | View 990 |
| 2019 | $17K | $22K | $339K | $0 | — | View 990 |
| 2015 | $9K | $21K | $354K | $1K | — | View 990 |
| 2014 | $21K | $21K | $364K | $0 | — | View 990 |
| 2013 | $5K | $21K | $365K | $0 | — | View 990 |
| 2012 | $0 | $21K | $382K | $0 | — | View 990 |
| 2011 | $8K | $22K | $403K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $20K, and assets of $341K (revenue +1057.1% year-over-year).
- 2022: Revenue of $3K, expenses of $19K, and assets of $331K (revenue -48.9% year-over-year).
- 2021: Revenue of $5K, expenses of $21K, and assets of $348K (revenue -88.9% year-over-year).
- 2020: Revenue of $46K, expenses of $21K, and assets of $363K (revenue +168.1% year-over-year).
- 2019: Revenue of $17K, expenses of $22K, and assets of $339K (revenue +81.0% year-over-year).
- 2015: Revenue of $9K, expenses of $21K, and assets of $354K (revenue -54.5% year-over-year).
- 2014: Revenue of $21K, expenses of $21K, and assets of $364K (revenue +340.7% year-over-year).
- 2013: Revenue of $5K, expenses of $21K, and assets of $365K.
- 2012: Revenue of $0, expenses of $21K, and assets of $382K (revenue -100.0% year-over-year).
- 2011: Revenue of $8K, expenses of $22K, and assets of $403K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc:
Data Sources and Methodology
This transparency report for Francis A Madsen Jr And Constance Cmadsen Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.