Jay R Monroe Memorial Foundation
- Assets
- $2.1m
- Revenue
- $180.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Hopewell, NJ
- Founding
- 04/1961
- Data as of
- 12/2022
- EIN
- 22-6050156
Organization Overview
Jay R Monroe Memorial Foundation is located in Hopewell, NJ. The organization was established in 1961. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jay R Monroe Memorial Foundation 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 12/2022, Jay R Monroe Memorial Foundation generated $180.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $199.1k during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jay R Monroe Memorial Foundation has awarded 611 individual grants totaling $1,444,550. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susanne W Monroe VP | 0 | $0 | |
Jay R Monroe Vi President | 0 | $2,500 | |
Susan M Monroe Sec / Treas | 0 | $11,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $69,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,879 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $146 |
| Total Revenue | $180,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,100 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $571 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $745 |
| Total operating and administrative expenses | $31,310 |
| Contributions, gifts, grants paid | $167,750 |
| Total expenses and disbursements | $199,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,119 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,058,087 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jay R Monroe Memorial Foundation has awarded $167,750 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT A PET PURPOSE: GENERAL FUND | $23,000 |
AMERICAN RED CROSS PURPOSE: GENERAL FUND | $2,000 |
AMERICAN VET DOGS PURPOSE: GENERAL FUND | $2,000 |
AMWELL VALLEY AMBULANCE PURPOSE: GENERAL FUND | $10,000 |
AMWELL VALEY FIRE CO PURPOSE: GENERAL FUND | $5,000 |
APLNJ PURPOSE: GENERAL | $1,000 |