MONROE FOUNDATION INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- MONROE FOUNDATION INC (EIN 22-3236708)
- Tax period
- 2019-09-01 to 2020-08-31
- Filed
- 2021-07-14
- IRS object ID
- 202121959349300912
- Schema version
- 2019v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-07-14T09:23:11-05:00 | ReturnTs |
| Tax Period End | 2020-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 113335534 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHAPIRO GOLDSTEIN MOSES & ARTUSO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7600 JERICHO TPKE STE 200 | AddressLine1Txt |
| City | WOODBURY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11797 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223236708 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MONROE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MONR | BusinessNameControlTxt |
| Phone | 6463938352 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 145 HUGUENOT STREET SUITE 102 | AddressLine1Txt |
| City | NEW ROCHELLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10801 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEPHEN JEROME | PersonNm |
| Person Title | DIR. | PersonTitleTxt |
| Phone | 7189336700 | PhoneNum |
| Signature | 2021-07-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KENNETH L GOLDSTEIN | PreparerPersonNm |
| PTIN | P00357323 | PTIN |
| Phone | 5169320404 | PhoneNum |
| Preparation | 2021-07-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | STEPHEN JEROME | PrincipalOfficerNm |
| Gross Receipts | $71,793 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1993 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 4 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $29,248 | PYContributionsGrantsAmt |
| CY Contributions Grants | $18,500 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $36,526 | PYInvestmentIncomeAmt |
| CY Investment Income | $45,863 | CYInvestmentIncomeAmt |
| PY Other Revenue | $188,095 | PYOtherRevenueAmt |
| CY Other Revenue | $7,430 | CYOtherRevenueAmt |
| PY Total Revenue | $253,869 | PYTotalRevenueAmt |
| CY Total Revenue | $71,793 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $114,639 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $140,909 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $34,505 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $114,536 | PYOtherExpensesAmt |
| CY Other Expenses | $144,598 | CYOtherExpensesAmt |
| PY Total Expenses | $229,175 | PYTotalExpensesAmt |
| CY Total Expenses | $285,507 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $24,694 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$213,714 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,785,104 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,905,110 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $33,526 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $97,945 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,751,578 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,807,165 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $140,909 | ExpenseAmt |
| Grant | $140,909 | GrantAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $140,909 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 4 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARC JEROME | PersonNm |
| Phone | 7189336700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29 E FORDHAM ROAD | AddressLine1Txt |
| City | BRONX | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10468 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| ANTHONY COSCHIGANO | ||||||
| DIR. | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GREG GONZALEZ | ||||||
| DIR. | 2.00 | Yes (X) | $0 | $0 | $0 | |
| NORMAN HIMMELFARB | ||||||
| V. PRES./DIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MARC JEROME | ||||||
| PRES./DIR. | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| STEPHEN JEROME | ||||||
| DIR. | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| OLHA PALUCH | ||||||
| DIR. | 2.00 | Yes (X) | $0 | $0 | $0 | |
| OLESIA TIAGI | ||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $18,500 | AllOtherContributionsAmt |
| Total Contributions | $18,500 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,926 | TotalRevenueColumnAmt |
| Exclusion | $25,926 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $19,937 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $19,937 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,937 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,937 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $7,430 | FundraisingGrossIncomeAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,430 | TotalRevenueColumnAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $71,793 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,937 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $25,926 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,909 | TotalAmt |
| Program Services | $140,909 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,946 | TotalAmt |
| Management And General | $4,946 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,929 | TotalAmt |
| Management And General | $15,929 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,922 | TotalAmt |
| Management And General | $15,922 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,525 | TotalAmt |
| Fundraising | $4,525 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,488 | TotalAmt |
| Management And General | $935 | ManagementAndGeneralAmt |
| Fundraising | $6,553 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $942 | TotalAmt |
| Management And General | $942 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,654 | TotalAmt |
| Management And General | $2,654 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,764 | TotalAmt |
| Management And General | $5,764 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|
| OTHER PROFESSIONAL FEES | $42,768 | $42,768 | |
| ENTERTAINMENT | $26,346 | $3,700 | $22,646 |
| CHARITABLE CONTRIBUTIONS | $6,000 | $6,000 | |
| BANK CHARGES | $4,463 | $4,463 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,851 | TotalAmt |
| Management And General | $6,070 | ManagementAndGeneralAmt |
| Fundraising | $781 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $285,507 | TotalAmt |
| Program Services | $140,909 | ProgramServicesAmt |
| Management And General | $110,093 | ManagementAndGeneralAmt |
| Fundraising | $34,505 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,070 | BOYAmt |
| EOY | $57,249 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $45,511 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,654 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $42,857 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,656,034 | BOYAmt |
| EOY | $1,805,004 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,785,104 | BOYAmt |
| EOY | $1,905,110 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,526 | BOYAmt |
| EOY | $97,945 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,526 | BOYAmt |
| EOY | $97,945 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,751,578 | BOYAmt |
| EOY | $1,807,165 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,751,578 | BOYAmt |
| EOY | $1,807,165 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,785,104 | BOYAmt |
| EOY | $1,905,110 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$213,714 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $269,301 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $111,885 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $71,194 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $59,159 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $34,248 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,500 | CurrentTaxYearAmt |
| Total | $294,986 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $111,885 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $71,194 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $59,159 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $34,248 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,500 | CurrentTaxYearAmt |
| Total | $294,986 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $24,137 | SubstantialContributorsTotAmt |
| Public Support Total170 | $270,849 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $45,885 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $58,889 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $59,332 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $32,737 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,926 | CurrentTaxYearAmt |
| Total | $222,769 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $517,755 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $211,769 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.52310 | PublicSupportCY170Pct |
| Public Support PY170 | 0.59910 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,681 | OtherCostOrOtherBasisAmt |
| Depreciation | $523 | DepreciationAmt |
| Book Value | $15,158 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,830 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,131 | DepreciationAmt |
| Book Value | $27,699 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $42,857 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $325,172 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $269,301 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$15,922 | OtherRevenueAmt |
| Revenue Not Reported | $253,379 | RevenueNotReportedAmt |
| Revenue Subtotal | $71,793 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $71,793 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $269,585 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $269,585 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $15,922 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $15,922 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $285,507 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | INVESTMENT EXPENSES INCLUDED 0 IN NET INVESTMENT INCOME -15,922 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | INVESTMENT EXPENSE REDUCING 0 INCOME ON F/S 15,922 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | TUITION ASSISTANCE | GrantTypeTxt |
| Recipient | 62 | RecipientCnt |
| Cash Grant | $140,909 | CashGrantAmt |
| Valuation Method Used | CASH | ValuationMethodUsedDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S 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. |
| FORM 990, PAGE 6, PART VI, LINE 2 | STEPHEN JEROME MARC JEROME DIR DIR./PRES. FAMILY RELATIONSHIP |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS, AND IS REVIEWED BY THE ORGANIZATION'S PRESIDENT, TREASURER, AND OUTSIDE LEGAL COUNSEL. |
| FORM 990, PAGE 6, PART VI, LINE 12C | 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 OCCURRED. |
| FORM 990, PAGE 6, PART VI, LINE 15A | NO COMPENSATION IS PAID BY THE MONROE FOUNDATION. |
| FORM 990, PAGE 6, PART VI, LINE 15B | NO COMPENSATION IS PAID BY THE MONROE FOUNDATION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | INVESTMENT EXPENSES INCLUDED 0 IN NET INVESTMENT INCOME -15,922 INVESTMENT EXPENSE REDUCING 0 INCOME ON F/S 15,922 |