2021-07-14T09:23:11-05:00 2020-08-31 113335534 SHAPIRO GOLDSTEIN MOSES & ARTUSO LLP 7600 JERICHO TPKE STE 200 WOODBURY NY 11797 990 2019-09-01 223236708 THE MONROE FOUNDATION INC MONR 6463938352 145 HUGUENOT STREET SUITE 102 NEW ROCHELLE NY 10801 STEPHEN JEROME DIR. 7189336700 2021-07-14 true KENNETH L GOLDSTEIN P00357323 5169320404 2021-07-14 2019 2022-09-23 18:48:47Z STEPHEN JEROME 71793 false X X 1993 NY 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. 7 4 0 0 29248 18500 0 36526 45863 188095 7430 253869 71793 114639 140909 0 0 0 34505 114536 144598 229175 285507 24694 -213714 1785104 1905110 33526 97945 1751578 1807165 X 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. false false 140909 140909 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. 140909 true true false false false false false false false false true false false false false false true false false false false false false false false 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 true true false false false false false false false false X 7 4 true false false false false false false true true false false true true true true true true true true false NY NJ CT PA FL X MARC JEROME 7189336700 29 E FORDHAM ROAD BRONX NY 10468 X ANTHONY COSCHIGANO DIR. 2.00 X 0 0 0 GREG GONZALEZ DIR. 2.00 X 0 0 0 NORMAN HIMMELFARB V. PRES./DIR 2.00 X X 0 0 0 MARC JEROME PRES./DIR. 2.00 X X 0 0 0 STEPHEN JEROME DIR. 2.00 X X 0 0 0 OLHA PALUCH DIR. 2.00 X 0 0 0 OLESIA TIAGI TREASURER 2.00 X X 0 0 0 false false false 18500 18500 25926 25926 19937 19937 19937 19937 7430 7430 71793 19937 25926 140909 140909 4946 4946 15929 15929 15922 15922 4525 4525 7488 935 6553 942 942 2654 2654 5764 5764 OTHER PROFESSIONAL FEES 42768 42768 ENTERTAINMENT 26346 3700 22646 CHARITABLE CONTRIBUTIONS 6000 6000 BANK CHARGES 4463 4463 6851 6070 781 285507 140909 110093 34505 129070 57249 45511 2654 42857 1656034 1805004 1785104 1905110 33526 97945 33526 97945 X 1751578 1807165 1751578 1807165 1785104 1905110 X -213714 269301 X false true X true false X 111885 71194 59159 34248 18500 294986 111885 71194 59159 34248 18500 294986 24137 270849 45885 58889 59332 32737 25926 222769 517755 211769 0.52310 0.59910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15681 523 15158 29830 2131 27699 42857 325172 269301 -15922 253379 71793 71793 269585 269585 15922 15922 285507 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 true TUITION ASSISTANCE 62 140909 CASH SCHEDULE I, PAGE 1, PART I, LINE 2 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 - 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