MADISON MAIN STREET FOUNDATION: Form 990EZ, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
MADISON MAIN STREET FOUNDATION (EIN 27-4986958)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-10
IRS object ID
202503149349202780
Schema version
2024v5.2
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)
Return2025-11-10T14:54:22-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN931982484PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RRBB ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1265 DAVIDSON AVE SUITE 210AddressLine1Txt
CitySOMERSETCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08873ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

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)
PersonPETER TESHIMAPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9738220835PhoneNum
Signature2025-11-04SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARY SHERMANPreparerPersonNm
PTINP00055309PTIN
Phone9082311000PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

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 TrustYes (X)TypeOfOrganizationTrustInd
Gross Receipts$158,286GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$25,000ContributionsGiftsGrantsEtcAmt
Program Service Revenue$127,106ProgramServiceRevenueAmt
Investment Income$6,180InvestmentIncomeAmt
Total Revenue$158,286TotalRevenueAmt
Other Expenses Total$99,502OtherExpensesTotalAmt
Total Expenses$99,502TotalExpensesAmt
Excess Or Deficit For Year$58,784ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$169,701NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$228,485NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$169,701BOYAmt
EOY$228,485EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$169,701BOYAmt
EOY$228,485EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

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

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$169,701BOYAmt
EOY$228,485EOYAmt
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$82,144
NONE$0$0
FieldValueIRS element (for citing)
Total Program Service Expenses$82,144TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (6 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
PAUL DALY
VICE CHAIR0.00$0$0$0
BARRY KROLL
TRUSTEE0.00$0$0$0
JESSICA DONINGER
TRUSTEE0.00$0$0$0
STEVE TOMBALAKIAN
CHAIRMAN0.00$0$0$0
MELANIE TOMASZEWSKI
SECRETARY0.00$0$0$0
PETER TESHIMA
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)
PersonPETER TESHIMAPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line170 BRITTIN STREETAddressLine1Txt
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 Minus4 Years$3,400CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,894CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$100CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$600CurrentTaxYearMinus1YearAmt
Current Tax Year$25,000CurrentTaxYearAmt
Total$36,994TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$167,148CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$83,623CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$115,233CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$97,707CurrentTaxYearMinus1YearAmt
Current Tax Year$127,106CurrentTaxYearAmt
Total$590,817TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$170,548CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$91,517CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$115,333CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$98,307CurrentTaxYearMinus1YearAmt
Current Tax Year$152,106CurrentTaxYearAmt
Total$627,811TotalAmt

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$627,811PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$297CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$319CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$377CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$409CurrentTaxYearMinus1YearAmt
Current Tax Year$6,180CurrentTaxYearAmt
Total$7,582TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$297CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$319CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$377CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$409CurrentTaxYearMinus1YearAmt
Current Tax Year$6,180CurrentTaxYearAmt
Total$7,582TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$170,845CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$91,836CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$115,710CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$98,716CurrentTaxYearMinus1YearAmt
Current Tax Year$158,286CurrentTaxYearAmt
Total$635,393TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.98810PublicSupportCY509Pct
Public Support PY5090.99710PublicSupportPY509Pct
Investment Income CY0.01190InvestmentIncomeCYPct
Investment Income PY0.00290InvestmentIncomePYPct
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: 6,180.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 12,813. DESCRIPTION: PROGRAM SUPPLIES. AMOUNT: 216. DESCRIPTION: MUSIC AND PERFORMANCE. AMOUNT: 7,610. DESCRIPTION: PROFESSIONAL FEES. AMOUNT: 2,750. DESCRIPTION: LICENSES AND FEES. AMOUNT: 247. DESCRIPTION: COMMUNITY EVENTS. AMOUNT: 73,534. DESCRIPTION: MISCELLANEOUS. AMOUNT: 2,332. TOTAL TO FORM 990-EZ, LINE 16: 99,502.

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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