Civic Intelligence

The Monroe Foundation Inc

990 • Fiscal year 2022 • EIN 22-3236708

Sep 01, 2021 to Aug 31, 2022 • Filed on Jul 13, 2023

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

59th percentile

0.12x

Higher debt load relative to assets than 59% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.35x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

83rd percentile

36%

Higher net margin than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

15th percentile

-13%

Faster asset growth than 15% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

94th percentile

139%

Faster revenue growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$1,965,085

Down $285,866 (-13%) from 2021

Net Assets

Down

$1,738,164

Down $399,587 (-19%) from 2021

Liabilities

Up

$226,921

Up $113,721 (+100%) from 2021

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin83rd percentile

Revenue

Up

$644,866

Up $375,189 (+139%) from 2021

Expenses

Up

$415,700

Up $40,962 (+11%) from 2021

Net Income

Up

$229,166

Up $334,227 (+318%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2022

Assets$1,965,085
Liabilities$226,921
Net Assets$1,738,164
Open 2022 Filing

Operations Trend

Revenue Growth94th 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

2022

Revenue$644,866
Expenses$415,700
Net Income$229,166
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 13, 2023
Return Version
2021v4.2
Gross Receipts
$1,218,916
Mission and Program Overview

Mission

The monroe foundation was established to assist individuals in the pursuit of higher education, at the institution of their choice, and to further other important educational purposes. It accomplishes its mission by granting scholarships to needy students enrolled in institutions of higher education to help them defray the cost of tuition and participate in educational enrichment activities, and to reward academic achievement. The monroe foundation also provides grants to other worthy educational institutions.

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$2,140,298$1,807,942▼ $332,356
Cash and Non-Interest-Bearing Accounts$73,102$83,183▲ $10,081
Land, Buildings, and Equipment, Net$37,551$73,960▲ $36,409
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$2,250,951$1,965,085▼ $285,866
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$113,200$226,921▲ $113,721
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$113,200$226,921▲ $113,721
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,137,751$1,738,164▼ $399,587
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,137,751$1,738,164▼ $399,587
Total Liabilities and Net Assets / Fund Balance$2,250,951$1,965,085▼ $285,866

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$51,910$13,172$65,082
Leasehold Improvements$22,050$2,450$24,500
Equipment$0-$0
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Stephen JeromePresident
Anthony CoschiganoDirector
Greg GonzalezDirector
Manny TartaglioneDirector
Olha PaluchDirector
Olesia TiagiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$281,874
Program Service Revenue
$0
Investment Income
$362,992
Other Revenue
$0
All Other Contributions
$281,874
Change in Net Assets
$229,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$273,724
Grants and Similar Amounts Paid$141,976
Total Fundraising Expense$72,084
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses-$120,110$24,512$144,622
Grants to Domestic Individuals$141,976--$141,976
Occupancy--$37,513$37,513
Depreciation Depletion-$23,342-$23,342
Fees for Service Investment Mgmnt Fees-$20,062-$20,062
Office Expenses-$3,152$10,059$13,211
Insurance-$9,839-$9,839
Fees for Services Accounting-$9,070-$9,070
Travel-$3,521-$3,521
Other Expenses-$265-$265
Total Functional Expenses$141,976$201,640$72,084$415,700
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
Stephen Jerome
Title
President
Phone
6463938352
Signed
2023-07-13
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
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:98850 management and general:98850”

Form 990 Part IX Line 24 - Other Expenses

“Description:charitable contributions total expenses:10200 management and general:10200”

Form 990 Part IX Line 24 - Other Expenses

“Description:postage total expenses:1155 fundraising:1155”

Form 990 Part IX Line 24 - Other Expenses

“Description:entertainment total expenses:34417 management and general:11060 fundraising:23357”

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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NetUnrlzdGainsLossesInvstAmt0-628753
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02137751
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01738164
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt037513
IRS990/OccupancyGrp/TotalAmt037513
IRS990/OfficeExpensesGrp/FundraisingAmt010059
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03152
IRS990/OfficeExpensesGrp/TotalAmt013211
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/ManagementAndGeneralAmt0357
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17656
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24266
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3265
IRS990/OtherExpensesGrp/TotalAmt0357
IRS990/OtherExpensesGrp/TotalAmt17656
IRS990/OtherExpensesGrp/TotalAmt24266
IRS990/OtherExpensesGrp/TotalAmt3265
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/PYContributionsGrantsAmt0222707
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0209856
IRS990/PYInvestmentIncomeAmt046970
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0164882
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-105061
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0374738
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0269677
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0229166
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/CurrentTaxYearAmt0281874
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0222707
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt018500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt034248
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt059159
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0616488
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt021726
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt019953
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt025926
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt032737
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt059332
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0159674
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79428
IRS990ScheduleA/PublicSupportPY170Pct00.56228
IRS990ScheduleA/PublicSupportTotal170Amt0616488
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0281874
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0222707
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt018500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt034248
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt059159
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0616488
IRS990ScheduleA/TotalSupportAmt0776162
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/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt022050
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02450
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt024500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt051910
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013172
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065082
IRS990ScheduleD/TotalBookValueLandBuildingsAmt073960
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0141976
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt053
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:98850 MANAGEMENT AND GENERAL:98850
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:CHARITABLE CONTRIBUTIONS TOTAL EXPENSES:10200 MANAGEMENT AND GENERAL:10200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:POSTAGE TOTAL EXPENSES:1155 FUNDRAISING:1155
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:ENTERTAINMENT TOTAL EXPENSES:34417 MANAGEMENT AND GENERAL:11060 FUNDRAISING:23357
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 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/TotalAssetsBOYAmt02250951
IRS990/TotalAssetsEOYAmt01965085
IRS990/TotalAssetsGrp/BOYAmt02250951
IRS990/TotalAssetsGrp/EOYAmt01965085

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,965,085
Liabilities
$226,921
Net assets
$1,738,164
Revenue
$644,866
Expenses
$415,700
Net income
$229,166
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