2025-07-15T14:34:30-05:00 2024-08-31 WILKIN & GUTTENPLAN PC 1200 TICES LANE EAST BRUNSWICK NJ 08816 990 2023-09-01 223236708 THE MONROE FOUNDATION INC % STEPHEN JEROME MONR 6463938352 145 HUGUENOT STREET SUITE 102 NEW ROCHELLE NY 10801 STEPHEN JEROME PRESIDENT 6463938352 2025-07-15 true true S KLIMCSAK CPA P00100931 7328463000 2025-07-15 2023 2025-03-06 01:10:19Z STEPHEN JEROME 145 HUGUENOT STREET SUITE 102 NEW ROCHELLE NY 10801 390909 false X N/A X 1993 NY THE MONROE FOUNDATION ASSISTS DESERVING INDIVIDUALS IN THEIR PRESUIT OF HIGHER EDUCATION, EMPHASIZING SUPPORT OF THE UNDERSERVED & VETERAN STUDENTS. 8 5 0 12 0 315217 232346 0 0 41421 57943 7679 16916 364317 307205 156447 106547 0 0 0 0 0 0 61305 279224 290034 435671 396581 -71354 -89376 2519227 2810302 636200 620623 1883027 2189679 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. false false 106547 106547 THE DISTRIBUTION OF GRANT FUNDS TO INSTITUTIONS OF HIGHER EDUCATION FOR THE PROVISION OF SCHOLARSHIPS. THE EDUCATIONAL INSTITUTIONS SELECT QUALIFIED INDIVIDUALS FOR RECEIPT OF THE SCHOLARSHIPS, WHICH DEFRAY THE COSTS OF EDUCATION. 106547 true true false false false false false false false false true false false false true false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false false X 8 5 false false false false false false false true true false false true true true true true true true true false CT FL NJ NY PA X STEPHEN JEROME 7189336700 29 E FORDHAM ROAD BRONX NY 10468 X STEPHEN JEROME PRESIDENT 2.0 0.0 X X 0 0 0 OLESIA TIAGI TREASURER 2.0 0.0 X X 0 0 0 OLHA PALUCH DIRECTOR 2.0 0.0 X 0 0 0 ANTHONY COSCHIGANO DIRECTOR 2.0 0.0 X 0 0 0 GREG GONZALEZ DIRECTOR 2.0 0.0 X 0 0 0 MANNY TARTAGLIONE DIRECTOR 2.0 0.0 X 0 0 0 LAUREN ROSENTHAL DIRECTOR 2.0 0.0 X 0 0 0 SCOTT SIMON DIRECTOR 2.0 0.0 X 0 0 0 0 0 0 0 false false false 0 178483 53863 232346 0 30801 30801 0 0 0 0 0 110846 83704 27142 27142 27142 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 999999 16916 16916 16916 307205 16916 57943 0 106547 106547 0 0 0 0 0 0 0 0 0 0 20230 20230 0 0 15547 15547 0 0 23271 12594 10677 0 0 58295 58295 3086 3086 0 0 0 0 14197 14197 14456 14456 GENERAL EXPENSES 3346 3346 UTILITIES 7692 7692 BANK CHARGES 2850 2850 OTHER PROFESSIONAL FEES 62959 62959 64105 13477 50628 396581 106547 228729 61305 112486 144382 0 0 0 0 27925 0 0 0 0 0 0 0 0 0 1722 4314 89582 44017 63029 45565 2001765 2383727 0 0 0 0 312300 223170 0 9144 2519227 2810302 25057 18879 0 0 0 0 0 0 0 0 0 0 0 0 0 0 611143 601744 636200 620623 X 1883027 2189679 0 0 1883027 2189679 2519227 2810302 -89376 399294 -3266 X true X false false X 18500 222707 281874 315217 232346 1070644 0 0 18500 222707 281874 315217 232346 1070644 0 1070644 25926 19953 21726 31743 30801 130149 0 0 1200793 0.89161 0.86852 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24500 12250 12250 65082 31767 33315 45565 0 DUE TO RELATED PARTY 329205 OPERATING LEASE LIABILITY S/T 115269 OPERATING LEASE LIABILITY L/T 157270 601744 X GALA 178483 178483 61305 0 178483 178483 61305 61305 -61305 true TUITION ASSISTANCE 51 106547 CASH TUTION ASSISTANCE Part 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. 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. 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:CHARITABLE CONTRIBUTIONS TOTAL EXPENSES:10581 MANAGEMENT AND GENERAL:10581 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MAINTENANCE TOTAL EXPENSES:2896 MANAGEMENT AND GENERAL:2896 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:FUNDRAISING EXPENSES TOTAL EXPENSES:50628 FUNDRAISING:50628