2018-07-13T14:23:37-04:00 2017-08-31 113335534 SHAPIRO GOLDSTEIN MOSES & ARTUSO LLP 7600 JERICHO TPKE STE 200 WOODBURY NY 11797 990 2016-09-01 223236708 THE MONROE FOUNDATION INC MONR 6463938352 29 E FORDHAM ROAD BRONX NY 10468 STEPHEN JEROME DIR. 7189336700 2018-07-11 true KENNETH L GOLDSTEIN P00357323 5169320404 2018-07-11 2016 2022-09-23 18:48:47Z STEPHEN JEROME 406428 false X X 1993 NY THE MONROE FOUNDATION WAS ESTABLISHED TO ASSIST INDIVIDUALS IN THE PURSUIT OF HIGHER EDUCATION, AT THE INSTITUTION OF THEIR CHOICE, AND TO FURTHER OTHER IMPORTANT EDUCATIONAL PURPOSES. IT ACCOMPLISHES ITS MISSION BY GRANTING SCHOLARSHIPS TO NEEDY STUDENTS ENROLLED IN INSTITUTIONS OF HIGHER EDUCATION TO HELP THEM DEFRAY THE COST OF TUITION AND PARTICIPATE IN EDUCATIONAL ENRICHMENT ACTIVITIES, AND TO REWARD ACADEMIC ACHIEVEMENT. THE MONROE FOUNDATION ALSO PROVIDES GRANTS TO OTHER WORTHY EDUCATIONAL INSTITUTIONS. 6 4 0 0 111885 71194 0 72846 314245 22556 20989 207287 406428 197169 165440 0 0 0 11268 51806 69422 248975 234862 -41688 171566 1697240 1824935 44469 100732 1652771 1724203 X THE MONROE FOUNDATION WAS ESTABLISHED TO ASSIST INDIVIDUALS IN THE PURSUIT OF HIGHER EDUCATION, AT THE INSTITUTION OF THEIR CHOICE, AND TO FURTHER OTHER IMPORTANT EDUCATIONAL PURPOSES. IT ACCOMPLISHES ITS MISSION BY GRANTING SCHOLARSHIPS TO NEEDY STUDENTS ENROLLED IN INSTITUTIONS OF HIGHER EDUCATION TO HELP THEM DEFRAY THE COST OF TUITION AND PARTICIPATE IN EDUCATIONAL ENRICHMENT ACTIVITIES, AND TO REWARD ACADEMIC ACHIEVEMENT. THE MONROE FOUNDATION ALSO PROVIDES GRANTS TO OTHER WORTHY EDUCATIONAL INSTITUTIONS. false false 165440 165440 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. 165440 true true false false false false false false false false false false false false false false true 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 true true false false false false false false X 6 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 STEPHEN JEROME DIR. 2.00 X X 0 0 0 FRED BRUCK DIR. 2.00 X 0 0 0 MARC JEROME PRES./DIR. 2.00 X X 0 0 0 QUAY WATKINS SECRETARY/DI 2.00 X X 0 0 0 NORMAN HIMMELFARB V. PRES./DIR 2.00 X X 0 0 0 MICHAEL ANASTASIO TREASURER 2.00 X X 0 0 0 false false false 48975 22219 71194 58889 58889 255356 255356 255356 255356 20989 48975 20989 406428 255356 58889 165440 165440 15406 15406 17818 17818 16838 16838 ENTERTAINMENT 9522 9522 BANK CHARGES 5690 5690 PRINTING; MAILING 1550 1550 TAXES/FILING FEES AND REL 1511 1511 1087 891 196 234862 165440 58154 11268 87968 25918 1609272 1799017 1697240 1824935 44469 100732 44469 100732 X 1652771 1719203 5000 1652771 1724203 1697240 1824935 171566 -100134 X false true X true false X 60458 78427 77155 111885 71194 399119 60458 78427 77155 111885 71194 399119 47282 351837 32786 28351 14650 45885 58889 180561 579680 20989 0.60700 0.58390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 317445 -100134 11151 -88983 406428 406428 246013 27989 27989 218024 16838 16838 234862 SCHEDULE D, PAGE 4, PART XI, LINE 2D INVESTMENT EXPENSES INCLUDED 0 IN NET INVESTMENT INCOME -16,838 DONATED SUPPORT INCLUDED IN 0 REVENUE ON F/S 27,989 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT FUNDRAISING EXPENSES 0 INCLUDED ON F/S 27,989 SCHEDULE D, PAGE 4, PART XII, LINE 4B INVESTMENT EXPENSE REDUCING 0 INCOME ON F/S 16,838 NJ NY CT PA FL DINNER 69964 48975 20989 69964 48975 20989 20989 true TUITION ASSISTANCE 41 165440 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 WAS ESTABLISHED TO ASSIST INDIVIDUALS IN THE PURSUIT OF HIGHER EDUCATION, AT THE INSTITUTION OF THEIR CHOICE, AND TO FURTHER OTHER IMPORTANT EDUCATIONAL PURPOSES. IT ACCOMPLISHES ITS MISSION BY GRANTING SCHOLARSHIPS TO NEEDY STUDENTS ENROLLED IN INSTITUTIONS OF HIGHER EDUCATION TO HELP THEM DEFRAY THE COST OF TUITION AND PARTICIPATE IN EDUCATIONAL ENRICHMENT ACTIVITIES, AND TO REWARD ACADEMIC ACHIEVEMENT. THE MONROE FOUNDATION ALSO PROVIDES GRANTS TO OTHER WORTHY EDUCATIONAL INSTITUTIONS. 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 -16,838 DONATED SUPPORT INCLUDED IN 0 REVENUE ON F/S 27,989 DIRECT FUNDRAISING EXPENSES 0 INCLUDED ON F/S -27,989 INVESTMENT EXPENSE REDUCING 0 INCOME ON F/S 16,838