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Madison Street Properties

Baltimore, MD · EIN 52-1949813 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Madison Street Properties reported $44.7 million in revenue and $44.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $86.06 went to program services, $13.94 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.7% of the total. The highest compensation it reported for one person was $1,144,460 (PRESIDENT & CEO). 6 people received more than $100,000 in reportable compensation. Revenue rose 24% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $45M

For context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $45M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 479 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
86.1%89.1%
Management & general
Part IX 25(C) ÷ 25(A)
13.9%9.2%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%80.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%14.9%
Program service revenue share
Part VIII 2g ÷ 12
99.7%11.9%
Highest reported compensation
Part VII-A, columns D–F
$1,144,460$291,103
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.56%1.49%
People paid over $100,000
Part VII, line 2
65
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
8.39.2
Independent voting board members
Part VI 1a–1b
2 of 3100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$38M expenses · 100.0% of program spending · revenue $45M

The organization serves as a property management and holding company for all of the tax-exempt affiliates of kennedy krieger institute, inc

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT & CEO
Director/trustee, officer, 4.00 hrs/week
$107,900$980,414$56,146$1,144,460
COO/ADMINISTRATOR/SECRETARY
Officer, 4.00 hrs/week
$104,248$947,232$40,940$1,092,420
SVP-FINANCE/TREASURER
Officer, 4.00 hrs/week
$55,142$501,051$40,068$596,261
SVP - HUMAN RESOURCES
Key employee, 4.00 hrs/week
$47,069$427,679$57,946$532,694
VP - GENERAL COUNSEL (PART YEAR)
Key employee, 4.00 hrs/week
$49,824$452,725$21,966$524,515
VP-FACILITIES
Key employee, 40.00 hrs/week
$330,063$0$19,933$349,996
AVP-FACILITIES
Highest compensated employee, 40.00 hrs/week
$213,252$0$37,042$250,294
AVP-FACILITIES
Highest compensated employee, 40.00 hrs/week
$202,215$0$22,015$224,230

6 people received more than $100,000 in reportable compensation from Madison Street Properties (Part VII, line 2). Compensation of current officers, directors and key employees totaled $736K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$45M$45M86.1%$31M$1,144,460
FY2024 ⓘ$45M$45M86.8%$29M$1,054,074
FY2023 ⓘ$41M$42M87.0%$21M$1,003,784
FY2022 ⓘ$38M$39M87.3%$18M$925,374
FY2021 ⓘ$37M$37M87.5%$15M$922,867
FY2020 ⓘ$36M$39M88.1%$11M$845,783

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b3 · 2 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5153
  • Volunteers Part I, line 67

Correct a figure or respond

Every number above is copied from Madison Street Properties's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Madison Street Properties, you can publish a response that is linked from this page.

Questions people ask

How much of Madison Street Properties's spending goes to programs?

In the fiscal year ending June 30, 2025, Madison Street Properties reported that 86.1% of its $44.7 million in expenses went to program services, 13.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Madison Street Properties pay its top executive?

The largest total compensation Madison Street Properties reported for one person in the fiscal year ending June 30, 2025 was $1,144,460, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Madison Street Properties get its money?

Of $44.7 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 99.7% from program service revenue (Form 990, Part VIII).

Is Madison Street Properties a registered charity?

The IRS lists EIN 52-1949813 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631349349306053 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531339349305478 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431319349300648 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321329349303562 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201369349309485 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349304476 · read the filing

All filings for EIN 52-1949813: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.