Civic Intelligence

Monarch Awards Foundation Inc

EIN 36-3539273 • 501(c)3 • Chicago, IL

Profile

To provide scholarships and community service.

3400 West 111th Street Suite 433Chicago, IL 60655

www.monarchawardsfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

62nd percentile

9.1%

Higher net margin than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

76th percentile

19%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

76th percentile

26%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$413,540

Up $32,016 (+8.4%) from 2023

Liabilities

Down

$0

Down $5,725 (-100%) from 2023

Net Assets

Up

$413,540

Up $37,741 (+10%) from 2023

Revenue

Down

$415,717

Down $4,982 (-1.2%) from 2023

Expenses

Up

$377,976

Up $45,583 (+14%) from 2023

Net Income

Down

$37,741

Down $50,565 (-57%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2019: $169,901Liabilities 2019: $2,500Net Assets 2019: $167,4012019Assets 2020: $210,507Liabilities 2020: $2,500Net Assets 2020: $208,0072020Assets 2021: $260,916Liabilities 2021: $2,500Net Assets 2021: $258,4162021Assets 2022: $289,993Liabilities 2022: $2,500Net Assets 2022: $287,4932022Assets 2023: $381,524Liabilities 2023: $5,725Net Assets 2023: $375,7992023Assets 2024: $413,540Liabilities 2024: $0Net Assets 2024: $413,5402024

Highlighted filing

2024

Assets$413,540
Liabilities$0
Net Assets$413,540

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2019: $335,283Expenses 2019: $276,889Net Income 2019: $58,3942019Revenue 2020: $285,907Expenses 2020: $245,301Net Income 2020: $40,6062020Revenue 2021: $326,900Expenses 2021: $276,491Net Income 2021: $50,4092021Revenue 2022: $262,064Expenses 2022: $232,987Net Income 2022: $29,0772022Revenue 2023: $420,699Expenses 2023: $332,393Net Income 2023: $88,3062023Revenue 2024: $415,717Expenses 2024: $377,976Net Income 2024: $37,7412024

Highlighted filing

2024

Revenue$415,717
Expenses$377,976
Net Income$37,741

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 18, 2025
Return Version
2024v5.2
Gross Receipts
$415,717
Mission and Program Overview

Mission

To provide scholarships and community service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$378,319$410,852▲ $32,533
Rtn Earn Endowment Incm Other Fnds$0$37,741▲ $37,741
Land, Buildings, and Equipment, Net$2,805$2,688▼ $117
Prepaid Expenses and Deferred Charges$400--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$381,524$413,540▲ $32,016
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,725$0▼ $5,725
Other Liabilities$0$0→ $0
Total Liabilities$5,725$0▼ $5,725
Net Assets / Fund Balance
Total Net Assets Fund Balance$375,799$413,540▲ $37,741
Total Liabilities and Net Assets / Fund Balance$381,524$413,540▲ $32,016

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,688$4,835$7,523
Compensation and Service Providers

Board Members and Trustees

NameTitle
Baronica RobersonDevelopment Chairman
Pamela SandersGala Chairmen
Cynthia HolstonProtocol Chairman
Patricia SmithRisk Management Chairman
Margaret TuckerSeargent At Arms and Gala Chairmen
Kelly DixonStandards Chairman
Shannon StatonPresident
Jennifer Ellis-JacksonVice President
June EichelbergerArchivist
Michele RhymesConnection and Social Action
Apryl RileyCorresponding Secretary
Latasha PoseyFinancial Secretary
Cheryl TolesIvy Leaf Reporter
Andreal NealMember At Large
Ieshe WashingtonMember At Large
Shirley HarveyMember At Large
Laticia PalmRecording Secretary
Victoria LloydScholarship
Paulette PhillipsTreasurer
Sydney L AdamsXi Nu Omega, Treasurer Sydney L. Adams
Revenue and Support

Revenue Composition

Contributions and Grants
$147,395
Program Service Revenue
$57,003
Investment Income
$6,229
Other Revenue
$205,090
All Other Contributions
$78,872
Change in Net Assets
$37,741

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$60,406Fair Value
Total Noncash Contributions5$60,406-

Audited Revenue Reconciliation

Revenue per Audited Statements
$415,717
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$415,717
Total Revenue per Form 990
$415,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$377,976
Total Fundraising Expense$52,776
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$37,903$2,881$5,262$46,046
Other Expenses$28,745$0$6,171$28,745
Occupancy$3,332$10,230-$13,562
Advertising$905$6,100-$7,005
Office Expenses-$3,581-$3,581
Fees for Services Accounting-$3,500-$3,500
Insurance-$3,309-$3,309
Travel$1,375$18-$1,393
Depreciation Depletion-$117-$117
Total Functional Expenses$291,335$33,865$52,776$377,976

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$377,976
Total Expenses per Audited Statements$377,976
Total Expenses per Form 990$377,976
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$205,090
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

The Board of Directors has the authority and not the Committee.

Form 990, Part VI, Section B, line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
Monarch Awards Foundation Inc
EIN
36-3539273
Phone
7088428623
Address
3400 WEST 111TH STREET SUITE 433, CHICAGO, IL 60655

Signing Officer

Name
Jennifer Ellis-Jackson
Title
President
Phone
7088428623
Signed
2025-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Ellis-Jackson
Formed
1987
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
150

Preparer

Firm
Maharlika Pllc
Address
111 W JACKSON BLVD STE 1700, CHICAGO, IL 60604
Phone
7736618736
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

Food: Program service expenses 24,896. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,896. Gifts, Awards & Honorariums: Program service expenses 5,818. Management and general expenses 0. Fundraising expenses 4,574. Total expenses 10,392. Rental - Equipment: Program service expenses 6,048. Management and general expenses 0. Fundraising expenses 688. Total expenses 6,736. Membership Dues: Program service expenses 115. Management and general expenses 1,829. Fundraising expenses 0. Total expenses 1,944. Printing / Postage: Program service expenses 1,012. Management and general expenses 266. Fundraising expenses 0. Total expenses 1,278. Bank Charges: Program service expenses 14. Management and general expenses 394. Fundraising expenses 0. Total expenses 408. Telephone Expense: Program service expenses 0. Management and general expenses 392. Fundraising expenses 0. Total expenses 392.

Financial Statement Notes

Part X, Line 2:

Part X - FASB ASC 740 Footnote Uncertainty Income Tax Postion: Management believes that all of the positions taken by the Organization in its Federal and State Income tax returns are more likely than not to be sustained upon examination. The Organization files returns in the US Federal Jurisdicition and state of Illinois.

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IRS990/NetAssetsOrFundBalancesBOYAmt0375799
IRS990/NetAssetsOrFundBalancesEOYAmt0413540
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0205090
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0205090
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt060406
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010230
IRS990/OccupancyGrp/ProgramServicesAmt03332
IRS990/OccupancyGrp/TotalAmt013562
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03581
IRS990/OfficeExpensesGrp/TotalAmt03581
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Scholarships
IRS990/OtherExpensesGrp/Desc2Outside Services
IRS990/OtherExpensesGrp/Desc3Charitable Donations
IRS990/OtherExpensesGrp/FundraisingAmt041343
IRS990/OtherExpensesGrp/FundraisingAmt16171
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03729
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2400
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0146632
IRS990/OtherExpensesGrp/ProgramServicesAmt149073
IRS990/OtherExpensesGrp/ProgramServicesAmt223370
IRS990/OtherExpensesGrp/ProgramServicesAmt328745
IRS990/OtherExpensesGrp/TotalAmt0191704
IRS990/OtherExpensesGrp/TotalAmt149073
IRS990/OtherExpensesGrp/TotalAmt229941
IRS990/OtherExpensesGrp/TotalAmt328745
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0400
IRS990/PrincipalOfficerNm0Jennifer Ellis-Jackson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624200
IRS990/ProgramServiceRevenueGrp/Desc0Program Service Revenu
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt057003
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt057003
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0168613
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03499
IRS990/PYOtherExpensesAmt0332393
IRS990/PYOtherRevenueAmt0199629
IRS990/PYProgramServiceRevenueAmt048958
IRS990/PYRevenuesLessExpensesAmt088306
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0332393
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0420699
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt037741
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt063232
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt037741
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0T-shirt sales - 2023 Amount: $ 3,475.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0415717
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0519123
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0262041
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0326885
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0285890
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01809656
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt079
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03475
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03475
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99800
IRS990ScheduleA/PublicSupportPY170Pct00.99790
IRS990ScheduleA/PublicSupportTotal170Amt01809656
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0415717
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0519123
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0262041
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0326885
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0285890
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01809656
IRS990ScheduleA/TotalSupportAmt01813210
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0377976
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02688
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04835
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07523
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0415717
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Part X - FASB ASC 740 Footnote Uncertainty Income Tax Postion: Management believes that all of the positions taken by the Organization in its Federal and State Income tax returns are more likely than not to be sustained upon examination. The Organization files returns in the US Federal Jurisdicition and state of Illinois.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02688
IRS990ScheduleD/TotalExpensesPerForm990Amt0377976
IRS990ScheduleD/TotalRevenuePerForm990Amt0415717
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0415717
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0377976
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt05
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Sanitary Supplies, Wellness Kits, Backpacks, Diapers, Turkey, Water
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Fair Value
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt060406
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors has the authority and not the Committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No other documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Food: Program service expenses 24,896. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,896. Gifts, Awards & Honorariums: Program service expenses 5,818. Management and general expenses 0. Fundraising expenses 4,574. Total expenses 10,392. Rental - Equipment: Program service expenses 6,048. Management and general expenses 0. Fundraising expenses 688. Total expenses 6,736. Membership Dues: Program service expenses 115. Management and general expenses 1,829. Fundraising expenses 0. Total expenses 1,944. Printing / Postage: Program service expenses 1,012. Management and general expenses 266. Fundraising expenses 0. Total expenses 1,278. Bank Charges: Program service expenses 14. Management and general expenses 394. Fundraising expenses 0. Total expenses 408. Telephone Expense: Program service expenses 0. Management and general expenses 392. Fundraising expenses 0. Total expenses 392.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b

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