Civic Intelligence

Monumental Scholars Fund Inc

990 • Fiscal year 2016 • EIN 47-3018272

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

1115 30th St NWWashington, DC 20007

(847) 363-1310

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

69th percentile

$100,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

90th percentile

44%

Faster asset growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

95th percentile

123%

Faster revenue growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,332,762

Up $405,801 (+44%) from 2015

Net Assets

Up

$1,332,762

Up $405,801 (+44%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$2,985,323

Up $1,645,298 (+123%) from 2015

Expenses

Up

$2,579,522

Up $2,166,458 (+524%) from 2015

Net Income

Down

$405,801

Down $521,160 (-56%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $926,961Liabilities 2015: $0Net Assets 2015: $926,9612015Assets 2016: $1,332,762Liabilities 2016: $0Net Assets 2016: $1,332,7622016Assets 2017: $1,955,781Liabilities 2017: $0Net Assets 2017: $1,955,7812017Assets 2018: $1,248,564Liabilities 2018: $0Net Assets 2018: $1,248,5642018Assets 2019: $969,121Liabilities 2019: $5,363Net Assets 2019: $963,7582019

Highlighted filing

2016

Assets$1,332,762
Liabilities$0
Net Assets$1,332,762

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,340,025Expenses 2015: $413,064Net Income 2015: $926,9612015Revenue 2016: $2,985,323Expenses 2016: $2,579,522Net Income 2016: $405,8012016Revenue 2017: $2,241,761Expenses 2017: $1,618,742Net Income 2017: $623,0192017Revenue 2018: $1,009,785Expenses 2018: $1,717,002Net Income 2018: -$707,2172018Revenue 2019: $585,753Expenses 2019: $870,559Net Income 2019: -$284,8062019

Highlighted filing

2016

Revenue$2,985,323
Expenses$2,579,522
Net Income$405,801
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$2,985,323
Mission and Program Overview

Mission

The mission of the monumental scholars fund is to provide financial support to certain elementary and secondary schools operated by or under the umbrella of the archdiocese of washington. Specifically the fund is designed to support disadvantaged children by providing funding for tuition assistance, professional development and capital improvements for students attending catholic schools in the neediest neighborhoods in washington dc.

To provide financial support to certain elementary & secondary schools operated by or under the umbrella of the archdiocese of washington.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$926,961$1,332,762▲ $405,801
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
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$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$926,961$1,332,762▲ $405,801
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
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$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$926,961$1,332,762▲ $405,801
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$926,961$1,332,762▲ $405,801
Total Liabilities and Net Assets / Fund Balance$926,961$1,332,762▲ $405,801
Compensation and Service Providers

Employees

NameTitleBaseTotal
Elizabeth R McgrannPresident$100,000$100,000

Board Members and Trustees

NameTitle
Vincent C Burke IiiActing Chairman
Hon John a BoehnerHonorary Chairman
Donald Cardinal WuerlBoard Member
Hon Anthony a WilliamsBoard Member
Lawrence C NussdorfBoard Member
Martin RodgersBoard Member
R Scott PastrickBoard Member
Thomas F CullenBoard Member
Fr William ByrneSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,984,131
Program Service Revenue
$0
Investment Income
$1,192
Other Revenue
$0
All Other Contributions
$1,168,785
Change in Net Assets
$405,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,155,350
Other Expenses$315,958
Total Fundraising Expense$259,403
Salaries, Compensation, and Employee Benefits$108,214
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,155,350--$2,155,350
Current Officers, Directors, Trustees, and Key Employees-$100,000-$100,000
All Other Expenses-$20,768-$20,768
Fees for Services Accounting-$9,780-$9,780
Payroll Taxes-$8,214-$8,214
Office Expenses-$4,687-$4,687
Occupancy-$3,000-$3,000
Other Expenses-$2,042$2,864$2,042
Total Functional Expenses$2,155,350$164,769$259,403$2,579,522
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Consortium of Catholic AcademiesHyattsville, MD-Financial Support & Tuition Assistance$1,955,350
Archbishop Carroll High SchoolWashington, DC-Financial Support & Tuition Assistance$100,000
Don Bosco Cristo ReyTakoma Park, MD-Financial Support & Tuition Assistance$100,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
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

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner$1,815,346$1,815,346$77,168$1,738,178
Total Events$1,815,346$1,815,346$259,403$1,555,943
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
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
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 Line 11B

Copy of form 990 is provided to and reviewed by all members of the board.

Form 990 Part VI Line 15B

Compensation for the officer is determined by the independent board.

Form 990 Part VI Line 19

Organizations governing documents, financial documents and tax returns are available upon request.

Filing and Contact Details

Filer

Filer Name
Monumental Scholars Fund Inc
EIN
47-3018272
In Care Of
% ELIZABETH ROSS MCGRANN
Phone
8473631310
Address
1115 30TH ST NW, WASHINGTON, DC 20007

Signing Officer

Name
Elizabeth Ross Mcgrann
Title
Executive Director
Phone
8473631310
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Ross Mcgrann
Formed
2015
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
9
Employees
1

Preparer

Firm
Lively & Worch Pc
Address
10405 MONTGOMERY AVENUE, KENSINGTON, MD 20895
Preparer
Joseph G Lively
Phone
3019492490
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12042
IRS990/OtherExpensesGrp/TotalAmt0182235
IRS990/OtherExpensesGrp/TotalAmt190582
IRS990/OtherExpensesGrp/TotalAmt22864
IRS990/OtherExpensesGrp/TotalAmt32042
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08214
IRS990/PayrollTaxesGrp/TotalAmt08214
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ELIZABETH ROSS MCGRANN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01339878
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0147
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0363421
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0926961
IRS990/PYSalariesCompEmpBnftPaidAmt049643
IRS990/PYTotalExpensesAmt0413064
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01340025
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0405801
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01168785
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01339878
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02508663
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01192
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0147
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01339
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01815346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01815346
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01192
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0147
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01339
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt04324009
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02984131
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01339878
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt04324009
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02985323
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01340025
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04325348
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
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0259403
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt057235
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt057235
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt01815346
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt01815346
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01815346
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01815346
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt01555943
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt077168
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt077168
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0125000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0125000
IRS990ScheduleI/RecipientTable/CashGrantAmt01955350
IRS990ScheduleI/RecipientTable/CashGrantAmt1100000
IRS990ScheduleI/RecipientTable/CashGrantAmt2100000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FINANCIAL SUPPORT & TUITION ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FINANCIAL SUPPORT & TUITION ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2FINANCIAL SUPPORT & TUITION ASSISTANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CONSORTIUM OF CATHOLIC ACADEMIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DON BOSCO CRISTO REY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ARCHBISHOP CARROLL HIGH SCHOOL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05001 EASTERN AVENUE

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