JAMES MADISON EDUCATION FUND INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

LEWIS F LARSEN

Tax Period

2023-01-01 to 2023-12-31

JAMES MADISON EDUCATION FUND INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $695K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $168K, a strong 24% operating margin.

Mission

TO SUPPORT THE PURPOSES AND ACTIVITIES OF THE JAMES MADISON MEMORIAL FELLOWSHIP FOUNDATION.(CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $339,151

SUMMER INSTITUTE AND FELLOW SUPPORT: AS PART OF THE JAMES MADISON FELLOWSHIP PROGRAM, EACH FELLOW ATTENDS THE FOUR-WEEK SUMMER INSTITUTE ON THE CONSTITUTION HELD IN JULY IN WASHINGTON, DC. FELLOWS...

SUMMER INSTITUTE AND FELLOW SUPPORT: AS PART OF THE JAMES MADISON FELLOWSHIP PROGRAM, EACH FELLOW ATTENDS THE FOUR-WEEK SUMMER INSTITUTE ON THE CONSTITUTION HELD IN JULY IN WASHINGTON, DC. FELLOWS ATTEND THE INSTITUTE AT GEORGETOWN UNIVERSITY AFTER THEY HAVE MATRICULATED IN A GRADUATE PROGRAM AND COMMENCED COURSEWORK. THE ACADEMIC FOCUS OF THE INSTITUTE IS A GRADUATE COURSE ENTITLED, THE FOUNDATIONS OF AMERICAN CONSTITUTIONALISM. TAUGHT BY CONSTITUTIONAL SCHOLARS, THIS COURSE IS A STUDY OF THE PRINCIPLES, FRAMING, RATIFICATION AND IMPLEMENTATION OF CONSTITUTIONAL GOVERNMENT IN THE UNITED STATES. ONE OF THE INFORMAL BENEFITS OF ATTENDING THE INSTITUTE IS THE OPPORTUNITY FOR INTERACTION WITH A WIDE RANGE OF INDIVIDUALS WHOSE VARIED INTERESTS CAN LEAD TO ENDURING FRIENDSHIPS AND PROFESSIONAL ASSOCIATIONS.

Program 2

Expenses: $67,395

CONSTITUTIONAL CONVERSATIONS VIDEO SERIES: TO FULFILL THE FOUNDATIONS MISSION TO PROVIDE RESOURCES FOR ALL TEACHERS ABOUT THE CONSTITUTION, THE FOUNDATION HAS EMBARKED ON A MULTI-YEAR VIDEO PROJECT, CONSTITUTIONAL CONVERSATIONS: TWENTY-MINUTE DISCUSSIONS ABOUT THE PRINCIPLES, FRAMING, RATIFICATION, AND IMPLEMENTATION OF AMERICAN CONSTITUTIONAL GOVERNMENT. AVAILABLE ON THE FOUNDATIONS YOUTUBE CHANNEL, VIMEO AND TEACHER TUBE, THE VIDEOS ARE DESIGNED FOR ADULT LEARNERS AS WELL AS ADVANCED HIGH SCHOOL STUDENTS. EACH VIDEO IS DIVIDED INTO SEVERAL SHORTER SEGMENTS FOR EASY INTEGRATION INTO A TYPICAL CLASS PERIOD.

Program 3

Expenses: $7,489

TEACHER OUTREACH: THE ANNUAL JAMES MADISON LECTURE IS HELD EACH JULY AND BRINGS OUTSTANDING SCHOLARS OF THE AMERICAN CONSTITUTION TO WASHINGTON, DC TO ADDRESS THE SUMMER INSTITUTE PARTICIPANTS. THE SYMPOSIUM IS ALSO THE ANNUAL ALUMNAE GATHERING FOR ALL JAMES MADISON FELLOWS, AND THE EVENT IS OPEN TO THE PUBLIC. A RECEPTION FOLLOWS THE PRESENTATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $48,211

Program Service Revenue $0

Investment Income $425,653

Other Revenue $221,400

TOTAL REVENUE $695,264

Expense Breakdown

Grants Paid $155,866

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $414,035

Other Expenses $371,728

TOTAL EXPENSES $527,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$695,264	$785,616	-0.1%
Expenses	$527,594	$353,937	+0.5%
Net Income	$167,670	$431,679	-0.6%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARE IGLESIAS	TREASURER	10.00	Officer Director	$0	$0	$0
LEWIS F LARSEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
OLIVER A ALWES	SECRETARY	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$695,264	$527,594	$21,274,844	$167,670
2023	$695,264	$527,594	$21,274,844	$167,670
2022	$785,616	$353,937	$18,912,728	$431,679
2021	$808,486	$576,641	$21,608,626	$231,845
2020	$534,932	$251,196	$19,099,414	$283,736
2019	No data	No data	$14,601,409	No data
2019	$747,399	$368,442	$17,133,857	$378,957
2018	$701,458	$347,627	$14,601,409	$353,831