MADISON MAIN STREET FOUNDATION: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MADISON MAIN STREET FOUNDATION (EIN 27-4986958)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202233199349200338
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-15T08:18:21-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN223271252PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ROSENBERG RICH BAKER BERMAN & COBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1265 DAVIDSON AVE SUITE 210AddressLine1Txt
CitySOMERSETCityNm
State AbbreviationNJStateAbbreviationCd
ZIP088734120ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274986958EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MADISON MAIN STREET FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMADIBusinessNameControlTxt
Phone9738220835PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 364AddressLine1Txt
CityMADISONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07940ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHOMAS HONOHANPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9738220835PhoneNum
Signature2022-11-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstTHOMASPersonFirstNm
Person LastHONOHANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARY SHERMAN CPAPreparerPersonNm
PTINP00055309PTIN
Phone9082311000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website Addresshttps://madisonmainstreetf.wixsite.com/siteWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$91,836GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$7,894ContributionsGiftsGrantsEtcAmt
Program Service Revenue$83,623ProgramServiceRevenueAmt
Investment Income$319InvestmentIncomeAmt
Total Revenue$91,836TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$2,000FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$112PrintingPublicationsPostageAmt
Other Expenses Total$102,234OtherExpensesTotalAmt
Total Expenses$104,346TotalExpensesAmt
Excess Or Deficit For Year-$12,510ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$156,146NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$143,636NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$156,146BOYAmt
EOY$143,636EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$156,146BOYAmt
EOY$143,636EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$156,146BOYAmt
EOY$143,636EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTO FOSTER A SENSE OF COMMUNITY AND TO PROMOTE COMMUNICATION AND COOPERATION BETWEEN MEMBERS OF CORPORATION AND OTHER GROUPS.TO PROMOTE THE DEVELOPMENT OF MADISON, NJ'S COMMERCIAL DISTRICT, TO ACT AS A BUSINESS ADVOCATE FOR THE DISTRICT, AND TO PRODUCE AND DISTRIBUTE EDUCATIONAL MATERIALS RELATING TO THE DISTRICT.TO ASSIST OTHER CHARITABLE AND EDUCATIONAL ORGANIZATIONS IN THE CONDUCT OF SIMILAR ACTIVITIES.TO ENGAGE IN OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES AS DETERMINED BY THE BOARD OF TRUSTEES.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
TO FOSTER A SENSE OF COMMUNITY AND TO PROMOTE COMMUNICATION AND COOPERATION BETWEEN MEMBERS OF CORPORATION AND OTHER GROUPS.$0$89,087
none$0$0
FieldValueIRS element (for citing)
Total Program Service Expenses$89,087TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (7 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
PAUL DALY
TRUSTEE0.00$0$0$0
BARRY KROLL
TRUSTEE0.00$0$0$0
RUSSELL STERN
TRUSTEE0.00$0$0$0
LAURA COLE
CHAIRMAN0.00$0$0$0
ERIC RANGE
VICE CHAIR0.00$0$0$0
STEVE TOMBALAKIAN
SECRETARY0.00$0$0$0
THOMAS HONOHAN
TREASURER0.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonTHOMAS HONOHANPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 GLENDALE ROADAddressLine1Txt
CityMADISONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07940ZIPCd
FieldValueIRS element (for citing)
Phone9738220835PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$3,400CurrentTaxYearMinus1YearAmt
Current Tax Year$7,894CurrentTaxYearAmt
Total$11,294TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$126,375CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$119,693CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$129,715CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$167,148CurrentTaxYearMinus1YearAmt
Current Tax Year$83,623CurrentTaxYearAmt
Total$626,554TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$126,375CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$119,693CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$129,715CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$170,548CurrentTaxYearMinus1YearAmt
Current Tax Year$91,517CurrentTaxYearAmt
Total$637,848TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$637,848PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$337CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$331CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$347CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$297CurrentTaxYearMinus1YearAmt
Current Tax Year$319CurrentTaxYearAmt
Total$1,631TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$337CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$331CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$347CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$297CurrentTaxYearMinus1YearAmt
Current Tax Year$319CurrentTaxYearAmt
Total$1,631TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$126,712CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$120,024CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$130,062CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$170,845CurrentTaxYearMinus1YearAmt
Current Tax Year$91,836CurrentTaxYearAmt
Total$639,479TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99740PublicSupportCY509Pct
Public Support PY5090.99750PublicSupportPY509Pct
Investment Income CY0.00260InvestmentIncomeCYPct
Investment Income PY0.00250InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990-EZ, Part I, Line 4 - Other Investment IncomeDescription: INTEREST. Amount: 319.
Form 990-EZ, Part I, Line 16 - Other ExpensesDescription: ADVERTISING AND PROMOTION. Amount: 4,395. Description: PROGRAM SUPPLIES. Amount: 1,000. Description: MUSIC AND PERFORMANCE. Amount: 1,800. Description: PARTNERED PROGRAMS. Amount: 5,000. Description: HANGING BASKETS. Amount: 11,548. Description: PROJECT MATERIALS. Amount: 863. Description: COMMUNITY EVENTS. Amount: 76,676. Description: MISCELLANEOUS. Amount: 952. Total to Form 990-EZ, line 16: 102,234.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationThe organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.DeclarationDesc

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