Madmone Inc is a private foundation based in Richmond, Virginia (with a mailing address in Henrico, VA). The organization operates as a 501(c)(3) charitable organization focused on philanthropic grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3M
+7.8% YoY
Annual Giving
$330K
+14.4% YoY
Grant Count
38
+5.6% YoY
Avg Grant Size
$9K
+8.4% YoY
Under IRS private-foundation payout rules, Madmone Inc reported a distributable amount of $318K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Madmone's grant-making priorities include:
- Education (including charter schools, K-12 schools, and Head Start programs)
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Community Health and Medical Services
- Management & Technical Assistance
Grantmaking
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Geographic Focus
Where this funder awards grants
Madmone primarily funds organizations in:
- Virginia
- New York
- Ohio
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $3,021,072
- Total Annual Giving: $288,500
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,255,630 | $3,021,072 | $2,945,722 |
| Revenue | $590,444 | $405,858 | $183,369 |
| Expenses | $370,561 | $326,604 | $358,646 |
| Qualifying Distributions | $330,000 | $288,500 | $313,000 |
| Net Investment Income | $575,372 | $387,289 | $153,695 |
| Distributable Amount | $317,914 | $281,324 | $296,378 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
183 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bon Secours Foundation ($55,000), Worcester Polytechnic Institute ($50,000), Anna Julia Cooper School ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN HEART ASSOCIATION GLEN ALLEN, VA | TO SUPPORT CHARITABLE PURPOSE | $6,000 |
| AMNESTY INTERNATIONAL | TO SUPPORT CHARITABLE PURPOSE | $4,000 |
| AMPHIBIAN AND REPTILE CONSERV MARTINSVILLE, NJ | TO SUPPORT CHARITABLE PURPOSE | $5,000 |
| ANNA JULIA COOPER SCHOOL RICHMOND, VA | TO SUPPORT CHARITABLE PURPOSE | $25,000 |
| BON SECOURS FOUNDATION RICHMOND, VA | TO SUPPORT CHARITABLE PURPOSE | $55,000 |
| CHURCH OF THE GOOD SHEPHERD HOLBROOK, NY | TO SUPPORT CHARITABLE PURPOSE | $5,000 |
| CKG FDN SPEAK UP HENRICO, VA | TO SUPPORT CHARITABLE PURPOSE | $15,000 |
| CLEVELAND HEARING AND SPEECH CLEVELAND, OH | TO SUPPORT CHARITABLE PURPOSE | $10,000 |
| COMFORT ZONE CAMP RICHMOND, VA | TO SUPPORT CHARITABLE PURPOSE | $1,000 |
| CONNOR'S HEROES FOUNDATION RICHMOND, VA | TO SUPPORT CHARITABLE PURPOSE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK F O'NEIL | DIRECTOR/PRESIDENT | — | — |
| MONIQUE C O'NEIL | DIRECTOR/VICE PRESIDENT | — | — |
| MARY-FRANCES HORAN | DIRECTOR/TREASURER/SECRETA | — | — |
Contact Information
- Address: 453 Rivergate Drive, Richmond, VA 23238-6421
- Telephone: 516-734-3703
- EIN: 47-5131103
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Madmone Inc fund?
Madmone's grant-making priorities include: • Education (including charter schools, K-12 schools, and Head Start programs) • Philanthropy, Voluntarism & Grantmaking • Human Services • Community Health and Medical Services • Management & Technical Assistance
How do I apply for a grant from Madmone Inc?
**Grant Amounts:** Typical awards range from $1,000 to $80,000 **Annual Giving:** $288,500 (based on most recent IRS Form 990 filing from 2023) **Grant Activity:** The foundation does not currently maintain live grant opportunities.
Where does Madmone Inc make grants?
Madmone primarily funds organizations in: • Virginia • New York • Ohio
What size grants does Madmone Inc award?
In 2024, Madmone Inc awarded 38 grants totaling $330K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Madmone Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Madmone Inc reported a distributable amount of $318K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Madmone Inc's EIN?
Madmone Inc's EIN (Employer Identification Number) is 47-5131103. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Madmone Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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