MADISON DEVELOPMENT CORPORATION
AI Summary
Madison Development Corporation (EIN: 39-1277471) is a nonprofit organization dedicated to fostering economic development in Madison and Dane County. With an operating budget of $5.7 million and total revenue of $6.4 million for the 2024 filing year, the organization collaborates with both public and private sectors to enhance economic growth and provide affordable workforce housing. The corporation does not rely on a single funder for 50% or more of its revenue, ensuring a diversified funding base to support its mission. For more information, visit their website at MDCORP.ORG.
Mission Statement
TO COORDINATE THE ACTIVITIES OF THE PUBLIC AND PRIVATE SECTORS SO AS TO CONSTRUCTIVELY USE THE RESOURCES OF EACH TO ACHIEVE GREATER MADISON AND DANE COUNTY WIDE ECONOMIC GROWTH, TO PROVIDE HIGH-QUALITY AFFORDABLE WORKFORCE HOUSING AND ASSIST IN THE FINANCING OF BOTH.
Cause Areas
1
Economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is MADISON DEVELOPMENT CORPORATION’s budget?
In 2024, MADISON DEVELOPMENT CORPORATION reported an annual operating budget of around $5.7 million. More detailed financial information is available to registered users.
What causes does MADISON DEVELOPMENT CORPORATION support?
MADISON DEVELOPMENT CORPORATION supports work in Economic development.
Where does MADISON DEVELOPMENT CORPORATION operate?
MADISON DEVELOPMENT CORPORATION is headquartered in Madison, WI.
Who funded MADISON DEVELOPMENT CORPORATION recently?
In 2020, MADISON DEVELOPMENT CORPORATION received grants from GREATER GREEN BAY COMMUNITY FOUNDATION INC, VANGUARD CHARITABLE ENDOWMENT PROGRAM, and ALLIANT ENERGY FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant MADISON DEVELOPMENT CORPORATION received in 2020?
The largest grant to MADISON DEVELOPMENT CORPORATION in 2020 exceeds $10 thousand.
What is MADISON DEVELOPMENT CORPORATION’s reliance on government grants?
MADISON DEVELOPMENT CORPORATION relied on government grants for less than 5% of their total revenue in 2024.