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Madison Street Festival Inc

EIN 63-0863585 · Madison, AL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair63 out of 100GovernanceFair52 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Madison Street Festival Inc. is a non-profit organization made up of community volunteers who plan and organize a FREE one-day event held in the City of Madison. This event is family-orientated and promotes businesses and organizations. We provide entertainment, craft vendors, artists, businesses, and food vendors. There is a parade, children's area, teen area, and a few other special exhibits. We are a true family event. Program support includes grants to educational-based organizations within our community. These grants are awarded based on applications each year. We have also served as a financial sponsor for our Madison high school leaders in planning and executing an event similar to ours. We work with the City of Madison school district to provide needed items in a "Stuff the Bus" campaign and we have worked with the downtown area in a few extra events providing crafts for children.

Income
$41,594
Spending
$79,018
Spent on programs
75%
Reserves
9.9 months of spending
Largest source of income
other income, 74%
Employees
0
Volunteers
42

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 63 out of 100. Higher than 26% of charities in its peer group (education, under $250k).

  • Reserves

    28 of 35

    Spendable reserves would cover 9.9 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 90% of income.

  • Income trend

    0 of 15

    Income fell 39% on the year before.

  • Spending floor

    15 of 15

    75% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 52 out of 100. Higher than 37% of charities in its peer group (education, under $250k).

  • Independent board

    5 of 25

    0 of 42 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, 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 (3)
  1. $26,950 spent. In 2025 we awarded grants from our 2024 and 2025 festivals. Our grants to the Madison County Schools totaled $26,950. The breakdown of those programs are as follows: Bob Jones High 420.00 Columbia Elementary 1,500.00, Creekside Primary School 425.00, Discovery Middle School SLC 2,000.00, Journey Middle School Greenpower Racing Team 4,775.00, Horizon Elementary 300.00, Horizon Elementary School Bucket Drumming Club 750.00, James Clemens Winter Guard 500.00, Madison Elementary School 2nd Grade Team 500.00, Rainbow Elementary 780.00, Bob Jones High School Air Force JROTC 500.00, Madison Elementary 300.00, Columbia Elementary Music Dept 350.00, Columbia Elementary School Drama Club 1,000.00, Rainbow Elementary School SPED Classroom 500.00, Harvest Elementary 2,000.00, New Hope Elementary Pre K Blended Classroom 2,500.00, Horizon Elementary 500.00, New Market School 1,000.00, Discovery Middle School 350.00, Sparkman Middle School 2,500.00, Buckhorn Middle School 500.00, Monrovia Middle School 650.00, Buckhorn High School 850.00, The University of Alabama in Huntsville 1,500.00.
  2. $28,050 spent. Our grant program also offers grants to city and community organizations for education-based programs. 2024 & 2025 grants were offered to Child Evangelism Fellowship of N Alabama 500.00, Kids to Love 2,000.00, Liberty Learning Foundation 1,000.00, Make A Way Foundation 3,500.00, Rocket City Learning Collective 550.00, Rotary Club of Madison Foundation 1,500.00, The Caring Link 1,500.00, Whirly Girl Ink, Inc 2,000.00, Whirly Girl Ink, Inc 1,500.00, The Caring Link 2,000.00, Disability Resource Network 500.00, Critical Hit Robotics 2,000.00, STEAM Room 2,500.00, Cure Diabetes, Inc. 2,500.00, Kids to Love 2,000.00, Passionate Percussion, Inc 2,500.00.
  3. $4,199 spent. Financial sponsorship of the MadFest 25, an event similar to our event planned and executed by the upcoming leaders of our two local high schools. Other community events providing support and tents with children activies were also part or our outreach program this year. Events like, Stuff the Bus, Third Thursdays Main Street Madison, and Polar Express.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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 October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on March 15, 2014 for not filing returns for three years, and reinstated on March 15, 2014.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. 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 October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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 21, 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.