MADISON STREET FESTIVAL INC

EIN: 630863585 501(c)(3) Education

Madison, AL

Total Revenue
$41,594
Total Expenses
$79,018
Total Assets
$65,381
Net Assets
$65,381
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
AL
Principal Officer
Crystal McBrayer
Phone
3099455999
Tax Period
2025-01-01 to 2025-12-31

MADISON STREET FESTIVAL INC, founded in 1990, is a micro nonprofit in the Education sector that reported $68K in total revenue in fiscal year 2023. Revenue surged 1571% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39K, a strong 57% operating margin.

Mission

Madison Street Festival Inc. is a non-profit organization made up of community volunteers who plan and organize a one-day FREE, family-orientated event in the city of Madison, AL. We provide entertainment, craft vendors, artists, businesses, and food vendors. There is a parade, a children's area, a teen area, and other great exhibits. We provide grants to education-based programs from our event's net proceeds. These grants are awarded based on applications received each year. We are a sponsor of an event executed by the future leaders of Madison (high school students) and have also helped supply the school district with many hygiene/snack items for underprivileged students with our "Stuff the Bus" campaign at the 2025 event. In 2025 we participated in city events providing fun craft activities for children. These last items are all part of our Outreach program.

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $10,400
Program Service Revenue $0
Investment Income $527
Other Revenue $30,667
TOTAL REVENUE $41,594

Expense Breakdown

Grants Paid $59,199
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $59,199
Other Expenses $19,819
TOTAL EXPENSES $79,018

Year-over-Year Comparison

2025 2024 Change
Revenue $41,594 $68,420 -0.4%
Expenses $79,018 $39,206 +1.0%
Net Income $-37,424 $29,214 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
42
Independent Members
N/A
Employees
N/A
Volunteers
42

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Crystal McBrayer President 17
Director
$0 $0 $0
Megan Moore Secretary 2.5
Director
$0 $0 $0
Kathy Morris Treasurer 12
Director
$0 $0 $0
Michael McBrayer Logistics Director 7
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
2025 $41,594 $79,018 $65,381 $-37,424
2024 $68,420 $39,206 $102,805 $29,214
2023 $68,494 $29,264 $73,591 $39,230
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