Kiwanis Club of Madison Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Encourage the improvement of social and educational opportunities for youth, promote higher appreciation of American Citizenship,grant assistance in times of emergency for moral and physcial well being,cooperate with other societies in educational and social work by rendering aid to individuals and groups and engage in other activities as may be incidental to the chartiable purposes of the corporation.
- Income
- $116,229
- Spending
- $296,435
- Spent on programs
- 98%
- Reserves
- 53.2 months of spending
- Largest source of income
- investment income, 97%
- Employees
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 67% of charities in its peer group (community improvement, under $250k).
Reserves
35 of 35Spendable reserves would cover 53.2 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 155% of income.
Income trend
15 of 15Income rose 57% on the year before.
Spending floor
15 of 1598% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 71 out of 100. Higher than 58% of charities in its peer group (community improvement, under $250k).
Independent board
25 of 259 of 10 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $290,414 spent. The Foundation funds six standing committiees of the club it supports. These committiees to a large extent serve our area youth by providing scholarships, classroom assistance and many other services. The club awarded two $2,500 grants to non profits providing community good. Three $1,500 scholarships were awarded to needy high school seniors. A sponsor youth committee supports a service club on the Madison University campus that provides service for to the needy in Dane County. A committee of the club provides financial support to the agricultural community and is concerned with environmental matters. Human and spiritual values and international relations have budgets to help needy people in our local community and on an international basis. In summary, the six committees proved support to hunders of youth and needy individuals.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1963.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.