John J & Lucille C Madigan Charitable Foundation Inc

Sarasota, FL
Tax-exempt since Dec. 1992
EIN: 65-0352871

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$18.3k (2023)

Expenses

$194k (2023)

Total Assets

$1.19M (2023)

Total Liabilities

$5.83k (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$18,269

Expenses

$193,596

Net Income

-$175,327

Net Assets

$1,180,404

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,209	12.1%
Dividends	$33,334	> 100%
Sales of Assets	-$16,838
Other Income	-$436

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$162,740	84.1%
Compensation of Officers*	$67,000	34.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,186,235
Total Liabilities	$5,831
Net Assets	$1,180,404

Compensation

Key Employees and Officers	Compensation	Other
Mark Tousey (President)	$65,000	$0
Beverly Mccarthy (Secretary)	$2,000	$0
Thomas A Menchinger (Treasurer)	$0	$0

990-PF

Filed on June 24, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$256,697

Expenses

$196,805

Net Income

$59,892

Net Assets

$1,355,731

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$295	0.1%
Dividends	$66,210	25.8%
Sales of Assets	$190,192	74.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$167,479	85.1%
Compensation of Officers*	$67,000	34.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,356,723
Total Liabilities	$992
Net Assets	$1,355,731

Compensation

Key Employees and Officers	Compensation	Other
Mark Tousey (President)	$65,000	$0
Beverly Mccarthy (Secretary)	$2,000	$0
Thomas A Menchinger (Treasurer)	$0	$0

990-PF

Filed on Sept. 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$223,589

Expenses

$164,044

Net Income

$59,545

Net Assets

$1,295,839

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$23,652	10.6%
Sales of Assets	$199,931	89.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$129,921	79.2%
Compensation of Officers*	$65,000	39.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,296,831
Total Liabilities	$992
Net Assets	$1,295,839

Compensation

Key Employees and Officers	Compensation	Other
Mark Tousey (President)	$65,000	$0
Thomas A Menchinger (Treasurer)	$0	$0
Beverly Mccarthy (Secretary)	$0	$0

990-PF

Filed on Nov. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$66,485

Expenses

$162,139

Net Income

-$95,654

Net Assets

$1,236,294

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$31	0.0%
Dividends	$27,155	40.8%
Sales of Assets	$35,372	53.2%
Other Income	$3,927	5.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$131,944	81.4%
Compensation of Officers*	$65,000	40.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,239,754
Total Liabilities	$3,460
Net Assets	$1,236,294

Compensation

Key Employees and Officers	Compensation	Other
Mark Tousey (President)	$65,000	$0
Thomas A Menchinger (Treasurer)	$0	$0
Beverly Mccarthy (Secretary)	$0	$0

990-PF

Filed on Oct. 18, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$94,427

Expenses

$148,690

Net Income

-$54,263

Net Assets

$1,331,948

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$170	0.2%
Dividends	$38,663	40.9%
Sales of Assets	$55,401	58.7%
Other Income	$193	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$108,237	72.8%
Compensation of Officers*	$68,500	46.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,335,408
Total Liabilities	$3,460
Net Assets	$1,331,948

Compensation

Key Employees and Officers	Compensation	Other
Patricia Drabik Deceased (Foundation M)	$58,500	$0
Mark Tousey (President)	$10,000	$0
Robert F Drabik Deceased (President)	$0	$0
Thomas A Menchinger (Treasurer)	$0	$0
Beverly Mccarthy (Secretary)	$0	$0

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990-PF

Filed on Oct. 15, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$108,411

Expenses

$182,440

Net Income

-$74,029

Net Assets

$1,386,211

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$211	0.2%
Dividends	$41,044	37.9%
Sales of Assets	$67,079	61.9%
Other Income	$77	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$115,330	63.2%
Compensation of Officers*	$65,000	35.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,390,811
Total Liabilities	$4,600
Net Assets	$1,386,211

Compensation

Key Employees and Officers	Compensation	Other
Patricia Drabik (Foundation M)	$65,000	$0
Robert F Drabik (President)	$0	$0
Mark Tousey (Secretary/Tr)	$0	$0

990-PF

Filed on Oct. 30, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$57,453

Expenses

$237,727

Net Income

-$180,274

Net Assets

$1,503,420

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$33	0.1%
Dividends	$45,470	79.1%
Sales of Assets	$8,220	14.3%
Other Income	$3,730	6.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$215,440	90.6%
Compensation of Officers*	$72,000	30.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,503,420
Total Liabilities	$0
Net Assets	$1,503,420

Compensation

Key Employees and Officers	Compensation	Other
Patricia Drabik (Foundation Mgr.)	$72,000	$0
Robert F Drabik (President)	$0	$0
Mark Tousey (Director)	$0	$0

990-PF

Filed on Nov. 8, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$109,734

Expenses

$234,666

Net Income

-$124,932

Net Assets

$1,683,694

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10	0.0%
Dividends	$58,330	53.2%
Sales of Assets	$24,649	22.5%
Other Income	$26,745	24.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$213,092	90.8%
Compensation of Officers*	$65,000	27.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,683,694
Total Liabilities	$0
Net Assets	$1,683,694

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$91,708

Expenses

$216,667

Net Income

-$124,959

Net Assets

$1,808,626

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$84	0.1%
Dividends	$74,719	81.5%
Sales of Assets	$16,238	17.7%
Other Income	$667	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$196,153	90.5%
Compensation of Officers*	$62,500	28.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,810,637
Total Liabilities	$2,011
Net Assets	$1,808,626

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$126,696

Expenses

$284,847

Net Income

-$158,151

Net Assets

$1,933,585

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$60,219	47.5%
Sales of Assets	$66,140	52.2%
Other Income	$337	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$259,663	91.2%
Compensation of Officers*	$88,500	31.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,934,591
Total Liabilities	$1,006
Net Assets	$1,933,585

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

-$302,340

Expenses

$377,702

Net Income

-$680,042

Net Assets

$2,042,411

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$91,822
Sales of Assets	$0
Other Income	-$3,280

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$315,694	83.6%
Compensation of Officers*	$105,000	27.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,051,487
Total Liabilities	$9,076
Net Assets	$2,042,411

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated September 25, 2025

John J & Lucille C Madigan Charitable Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $18.3k (2023)

Expenses $194k (2023)

Total Assets $1.19M (2023)

Total Liabilities $5.83k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2010

Revenue

$18.3k (2023)

Expenses

$194k (2023)

Total Assets

$1.19M (2023)

Total Liabilities

$5.83k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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2001