Monroe 1 Boces Educational Foundation Inc
- Assets
- $7.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairport, NY
- Founding
- 07/2000
- Data as of
- 12/2023
- EIN
- 16-1586177
Organization Overview
Monroe 1 Boces Educational Foundation Inc is located in Fairport, NY. The organization was established in 2000. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe 1 Boces Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Monroe 1 Boces Educational Foundation Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $518.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MONROE #1 BOARD OF COOPERATIVE EDUCATIONAL SERVICES (BOCES), IN PARTNERSHIP WITH OUR COMPONENT SCHOOL DISTRICTS, EXISTS TO EDUCATE AND PROVIDE SERVICES WHICH SUPPORT EDUCATION FOR INDIVIDUALS, CHILDREN THROUGH ADULTS, IN THE BOCES COMMUNITY IN ORDER TO PROVIDE THEM THE OPPORTUNITY TO REACH THEIR FULLEST POTENTIAL. BOCES WILL DO THIS IN A CARING AND COST EFFECTIVE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF FOUR SCHOOL BUILDINGS TO MONROE 1 BOCES.
THE SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) PILOT PROGRAM IS INTENDED TO PROVIDE A BROADER TOOLSET TO THE TEACHERS OF SCHOOL 23 AS THEY BRING AN ENHANCED SCIENCE CURRICULUM TO THEIR STUDENTS. THE PROGRAM IS INTENDED TO BE SCHOOL-DIRECTED AND WILL BE MADE AVAILABLE TO ALL K-6 CLASSES SCHOOL WIDE.
TO ESTABLISH, FOSTER, ENCOURAGE AND ENRICH ACADEMIC PROGRAMS FOR MONROE 1 BOCES STUDENTS BY FUNDING VARIOUS FIELD TRIPS AND PROGRAM SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Hooper President | OfficerTrustee | 2 | $0 |
Rebecca Etlinger Treasurer | OfficerTrustee | 4 | $0 |
Barbara Babiarz Secretary | OfficerTrustee | 2 | $0 |
Melanie Byrne Vice President | OfficerTrustee | 2 | $0 |
Kelly Endres Director | Trustee | 2 | $0 |
Steve Orcutt Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,358 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,179,380 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,538 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,247,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,504 |
| Grants and other assistance to domestic individuals. | $13,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $212 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176,916 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,655 |
| Insurance | $1,666 |
| All other expenses | $4,683 |
| Total functional expenses | $518,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,536 |
| Savings and temporary cash investments | $5,777 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,356,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,506,653 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,661,839 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,661,839 |
| Net assets without donor restrictions | $5,834,849 |
| Net assets with donor restrictions | $9,965 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,506,653 |
Grants Awarded
Over the last fiscal year, Monroe 1 Boces Educational Foundation Inc has awarded $101,773 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RCSD FRANCIS PARKER SCHOOL 23 PURPOSE: STEM GRANT | $93,773 |
MONROE 1 BOCES PURPOSE: FUNDING OF TECHNOLOGY GRANTS | $8,000 |