Civic Intelligence

The Monroe Foundation Inc

990 • Fiscal year 2021 • EIN 22-3236708

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 14, 2022

Organization ProfileN/A
145 Huguenot Street Suite 102New Rochelle, NY 10801

(646) 393-8352

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.05x

Higher debt load relative to assets than 42% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.42x

Higher debt load relative to revenue than 78% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

5th percentile

-39%

Higher net margin than 5% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

60th percentile

18%

Faster asset growth than 60% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

276%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$2,250,951

Up $345,841 (+18%) from 2020

Net Assets

Up

$2,137,751

Up $330,586 (+18%) from 2020

Liabilities

Up

$113,200

Up $15,255 (+16%) from 2020

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin5th percentile

Revenue

Up

$269,677

Up $197,884 (+276%) from 2020

Expenses

Up

$374,738

Up $89,231 (+31%) from 2020

Net Income

Up

-$105,061

Up $108,653 (+51%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $2,225,534Liabilities 2011: $34,981Net Assets 2011: $2,190,5532011Assets 2012: $1,983,270Liabilities 2012: $20,077Net Assets 2012: $1,963,1932012Assets 2013: $1,816,853Liabilities 2013: $34,874Net Assets 2013: $1,781,9792013Assets 2014: $1,880,915Liabilities 2014: $38,372Net Assets 2014: $1,842,5432014Assets 2015: $1,702,473Liabilities 2015: $42,165Net Assets 2015: $1,660,3082015Assets 2016: $1,697,240Liabilities 2016: $44,469Net Assets 2016: $1,652,7712016Assets 2017: $1,824,935Liabilities 2017: $100,732Net Assets 2017: $1,724,2032017Assets 2019: $1,785,104Liabilities 2019: $33,526Net Assets 2019: $1,751,5782019Assets 2020: $1,905,110Liabilities 2020: $97,945Net Assets 2020: $1,807,1652020Assets 2021: $2,250,951Liabilities 2021: $113,200Net Assets 2021: $2,137,7512021Assets 2022: $1,965,085Liabilities 2022: $226,921Net Assets 2022: $1,738,1642022Assets 2023: $2,519,227Liabilities 2023: $636,200Net Assets 2023: $1,883,0272023Assets 2024: $2,810,302Liabilities 2024: $620,623Net Assets 2024: $2,189,6792024

Highlighted filing

2021

Assets$2,250,951
Liabilities$113,200
Net Assets$2,137,751
Open 2021 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $85,881Expenses 2011: $297,608Net Income 2011: -$211,7272011Revenue 2012: $56,587Expenses 2012: $318,841Net Income 2012: -$262,2542012Revenue 2013: $128,850Expenses 2013: $363,034Net Income 2013: -$234,1842013Revenue 2014: $174,648Expenses 2014: $264,274Net Income 2014: -$89,6262014Revenue 2015: $179,175Expenses 2015: $205,680Net Income 2015: -$26,5052015Revenue 2016: $207,287Expenses 2016: $248,975Net Income 2016: -$41,6882016Revenue 2017: $406,428Expenses 2017: $234,862Net Income 2017: $171,5662017Revenue 2019: $248,869Expenses 2019: $229,175Net Income 2019: $19,6942019Revenue 2020: $71,793Expenses 2020: $285,507Net Income 2020: -$213,7142020Revenue 2021: $269,677Expenses 2021: $374,738Net Income 2021: -$105,0612021Revenue 2022: $644,866Expenses 2022: $415,700Net Income 2022: $229,1662022Revenue 2023: $364,317Expenses 2023: $435,671Net Income 2023: -$71,3542023Revenue 2024: $307,205Expenses 2024: $396,581Net Income 2024: -$89,3762024

Highlighted filing

2021

Revenue$269,677
Expenses$374,738
Net Income-$105,061
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 14, 2022
Return Version
2020v4.1
Gross Receipts
$646,050
Mission and Program Overview

Mission

The monroe foundation assists deserving individuals in their pursuit of higher education, emphasizing support of underserved and veteran students and others who are qualified to attend college but who require additional financial assistance to pursue or resume their education. The foundation seeks to help lift financial barriers which, if not addressed, may result in qualified students being unable to continue the path to the attainment of higher education credentials.

The monroe foundation assists deserving individuals in their presuit of higher education, emphasizing support of the underserved & veteran students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,805,004$2,140,298▲ $335,294
Cash and Non-Interest-Bearing Accounts$57,249$73,102▲ $15,853
Land, Buildings, and Equipment, Net$42,857$37,551▼ $5,306
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,905,110$2,250,951▲ $345,841
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$97,945$113,200▲ $15,255
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$97,945$113,200▲ $15,255
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,807,165$2,137,751▲ $330,586
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,807,165$2,137,751▲ $330,586
Total Liabilities and Net Assets / Fund Balance$1,905,110$2,250,951▲ $345,841

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,437$6,393$29,830
Leasehold Improvements$14,114$1,567$15,681
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Stephen JeromePresident
Norman Himmelfarb EsqVice President
Anthony CoschiganoDirector
Greg GonzalezDirector
Olha PaluchDirector
Olesia TiagiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$222,707
Program Service Revenue
$0
Investment Income
$46,970
Other Revenue
$0
All Other Contributions
$222,707
Change in Net Assets
$-105,061
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$209,856
Other Expenses$164,882
Total Fundraising Expense$45,296
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$209,856--$209,856
All Other Expenses-$47,961-$47,961
Occupancy--$37,456$37,456
Fees for Services Accounting-$19,642-$19,642
Fees for Service Investment Mgmnt Fees-$18,776-$18,776
Insurance-$10,498-$10,498
Fees for Services Legal-$5,664-$5,664
Depreciation Depletion-$5,307-$5,307
Office Expenses-$1,290$3,547$4,837
Advertising--$4,293$4,293
Travel-$1,326-$1,326
Other Expenses-$127-$127
Total Functional Expenses$209,856$119,586$45,296$374,738
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990

“Form 990 is prpared by independent accountants, and is reviewed by the organization's president, treasurer, and outside legal counsel.”

Form 990, Part VI, Line 12C - Enforcement of Conflicts Policy

“Annually, each board member is required to disclose whether they had any transactions or interests during the year which would cause them not to be independent, or which would give rise to conflicts, with respect to the foundation. To date, no such instances have occured.”

Form 990, Part VI, Line 15A - Compensation Process for Top Official

“No compensation is paid by the monroe foundation.”

Form 990, Part VI, Line 19 - Governing Documents Disclosure Explanation

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
The Monroe Foundation Inc
EIN
22-3236708
In Care Of
% STEPHEN JEROME
Phone
6463938352
Address
145 HUGUENOT STREET SUITE 102, NEW ROCHELLE, NY 10801

Signing Officer

Name
Stephwn Jerome
Title
President
Phone
6463938352
Signed
2022-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Jerome
Formed
1993
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
4
Employees
0

Preparer

Firm
Wilkin & Guttenplan Pc
Address
1200 TICES LANE, EAST BRUNSWICK, NJ 08816
Preparer
W McDEVITT CPA
Phone
7328463000
Supplemental Narrative

Additional Explanations

FORM 990, PART 1, LINE 1 - ORGANIZATION'S MISSION

“The monroe foundation assists deserving individuals in their persuit of higher education, emphasizing support of underserved and veteran students and others who are qualififed to attend college but who require additional financial assistance to persue or resume their education. The foundation seeks to help lift financial barriers which, if not addressed, may result in qualified students being unable to continue the path to the attainment of higher education credentials.”

Form 990 Part IX Line 24 - Other Expenses

“Description:other professional fees total expenses:45350 management and general:45350”

Form 990 Part IX Line 24 - Other Expenses

“Description:charitable contributions total expenses:2500 management and general:2500”

Form 990 Part IX Line 24 - Other Expenses

“Description:real estate taxes total expenses:111 management and general:111”

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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0435647
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01807165
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02137751
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt037456
IRS990/OccupancyGrp/TotalAmt037456
IRS990/OfficeExpensesGrp/FundraisingAmt03547
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01290
IRS990/OfficeExpensesGrp/TotalAmt04837
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0GENERAL EXPENSES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2BANK CHARGES
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0780
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11112
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27103
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3127
IRS990/OtherExpensesGrp/TotalAmt0780
IRS990/OtherExpensesGrp/TotalAmt11112
IRS990/OtherExpensesGrp/TotalAmt27103
IRS990/OtherExpensesGrp/TotalAmt3127
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0STEPHEN JEROME
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt018500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0140909
IRS990/PYInvestmentIncomeAmt045863
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0144598
IRS990/PYOtherRevenueAmt07430
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-213714
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0285507
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt071793
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-105061
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0222707
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt018500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt034248
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt059159
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt071194
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0405808
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt019953
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt025926
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt032737
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt059332
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt058889
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0196837
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56228
IRS990ScheduleA/PublicSupportPY170Pct00.52310
IRS990ScheduleA/PublicSupportTotal170Amt0338853
IRS990ScheduleA/SubstantialContributorsTotAmt066955
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0222707
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt018500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt034248
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt059159
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt071194
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0405808
IRS990ScheduleA/TotalSupportAmt0602645
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt014114
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01567
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt015681
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt023437
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06393
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt029830
IRS990ScheduleD/TotalBookValueLandBuildingsAmt037551
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0209856
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt071
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Part I, Line 2 - Procedures for Monitoring the Use of Grant Funds THE FOUNDATION PAYS A PORTION OF THE TUITION COSTS FOR RECIPIENTS ATTENDING INSTITUTIONS OF HIGHER EDUCATION. FOR STUDENTS ATTENDING MONROE COLLEGE, A CHECK IS MADE PAYABLE TO THE STUDENT AND IS DELIVERED TO THE BURSAR'S OFFICE, WHERE THE STUDENT ENDORSES IT AND GIVES IT BACK TO THE BURSAR. FOR STUDENTS WHO DO NOT ATTEND MONROE COLLEGE, THE TUITION ASSISTANCE IS EITHER PAYABLE TO, AND REMITTED DIRECTLY TO, THE INST. OF HIGHER EDUCATION, THUS ENSURING THAT FUNDS ARE USED FOR THEIR INTENDED PURPOSE, OR IT IS REMITTED TO THE STUDENT WITH A LETTER RESTRICTING ITS USE FOR HIGHER EDUCATIONAL PURPOSES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0TUTION ASSISTANCE
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRPARED BY INDEPENDENT ACCOUNTANTS, AND IS REVIEWED BY THE ORGANIZATION'S PRESIDENT, TREASURER, AND OUTSIDE LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, EACH BOARD MEMBER IS REQUIRED TO DISCLOSE WHETHER THEY HAD ANY TRANSACTIONS OR INTERESTS DURING THE YEAR WHICH WOULD CAUSE THEM NOT TO BE INDEPENDENT, OR WHICH WOULD GIVE RISE TO CONFLICTS, WITH RESPECT TO THE FOUNDATION. TO DATE, NO SUCH INSTANCES HAVE OCCURED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMPENSATION IS PAID BY THE MONROE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MONROE FOUNDATION ASSISTS DESERVING INDIVIDUALS IN THEIR PERSUIT OF HIGHER EDUCATION, EMPHASIZING SUPPORT OF UNDERSERVED AND VETERAN STUDENTS AND OTHERS WHO ARE QUALIFIFED TO ATTEND COLLEGE BUT WHO REQUIRE ADDITIONAL FINANCIAL ASSISTANCE TO PERSUE OR RESUME THEIR EDUCATION. THE FOUNDATION SEEKS TO HELP LIFT FINANCIAL BARRIERS WHICH, IF NOT ADDRESSED, MAY RESULT IN QUALIFIED STUDENTS BEING UNABLE TO CONTINUE THE PATH TO THE ATTAINMENT OF HIGHER EDUCATION CREDENTIALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL EXPENSES:45350 MANAGEMENT AND GENERAL:45350
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:CHARITABLE CONTRIBUTIONS TOTAL EXPENSES:2500 MANAGEMENT AND GENERAL:2500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:REAL ESTATE TAXES TOTAL EXPENSES:111 MANAGEMENT AND GENERAL:111
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART 1, LINE 1 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/StatesWhereCopyOfReturnIsFldCd1FL
IRS990/StatesWhereCopyOfReturnIsFldCd2NJ
IRS990/StatesWhereCopyOfReturnIsFldCd3NY
IRS990/StatesWhereCopyOfReturnIsFldCd4PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01905110
IRS990/TotalAssetsEOYAmt02250951
IRS990/TotalAssetsGrp/BOYAmt01905110
IRS990/TotalAssetsGrp/EOYAmt02250951
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,250,951
Liabilities
$113,200
Net assets
$2,137,751
Revenue
$269,677
Expenses
$374,738
Net income
-$105,061
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.81$0.62$2.19$0.31$0.40$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.52$0.64$1.88$0.36$0.44$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.97$0.23$1.74$0.64$0.42$0.23
2021Detailed filing. Detailed filing data is available for this year.$2.25$0.11$2.14$0.27$0.37$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.10$1.81$0.07$0.29$0.21
2019Detailed filing. Detailed filing data is available for this year.$1.79$0.03$1.75$0.25$0.23$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.82$0.10$1.72$0.41$0.23$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.04$1.65$0.21$0.25$0.04
2015Summary only. Only limited summary data is available for this year.$1.70$0.04$1.66$0.18$0.21$0.03
2014Summary only. Only limited summary data is available for this year.$1.88$0.04$1.84$0.17$0.26$0.09
2013Summary only. Only limited summary data is available for this year.$1.82$0.03$1.78$0.13$0.36$0.23
2012Summary only. Only limited summary data is available for this year.$1.98$0.02$1.96$0.06$0.32$0.26
2011Summary only. Only limited summary data is available for this year.$2.23$0.03$2.19$0.09$0.30$0.21