Monroe Foundation
- Assets
- $123.3k
- Revenue
- $815.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Hillside, IL
- Founding
- 09/1997
- Data as of
- 03/2022
- EIN
- 36-3787503
Organization Overview
Monroe Foundation is located in Hillside, IL. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 03/2022, Monroe Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe 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 03/2022, Monroe Foundation generated $815.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $738.8k during the year ending 03/2022. While expenses have increased by 41.2% per year over the past 7 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 2021, Monroe Foundation has awarded 14 individual grants totaling $209,145. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORHOOD COMMUNITY DEVELOPMENT THROUGH WORKSHOPS SEMINARS BUSINESS CONSULTING AND REFERRAL SERVICES FOR NONPROFIT ENTITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXECUTED GRANT OF $383,182 AWARDED BY ILLINOIS CRIMINAL JUSTICE INFORMATION AUTHORITY TO PROVIDE SERVICES TO RETURNING OFFENDERS.
EXECUTED R3 PLANNING GRANT AWARDED BY STATE OF ILLINOIS TO PROVIDE COMPREHENSIVE SERVICES TO EX-OFFENDERS WITH DRUG RELATED CONVICTIONS.
SERVED AS FISCAL AGENT FOR LOCAL NONPROFIT ORGANIZATIONS TO RECEIVE LOCAL AND STATEWIDE GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul A Labonne Director | OfficerTrustee | $0 | |
Virginia Hardrict Secretary | OfficerTrustee | $0 | |
Jurellene Ribsby Director | Trustee | $0 | |
Anibal Vega Director | Trustee | $0 | |
Fabiola Cadish Director | Trustee | $0 | |
Dennis Muhammad Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $551,730 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $815,420 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $815,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $237,911 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $8,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,800 |
| Fees for services: Management | $229,701 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,878 |
| Office expenses | $129,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,158 |
| Travel | $7,530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,472 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,250 |
| All other expenses | $798 |
| Total functional expenses | $738,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,284 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $123,284 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $177 |
| Total liabilities | $177 |
| Net assets without donor restrictions | $123,107 |
| Net assets with donor restrictions | $0 |
| 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 | $123,284 |
Grants Awarded
Over the last fiscal year, Monroe Foundation has awarded $181,028 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
EX-CONS FOR COMMUNITY CHAN PURPOSE: Reentry | $66,037 |
Chicago, IL PURPOSE: Safe and Peaceful | $22,872 |
PODER PURPOSE: Reentry | $19,987 |
Chicago, IL PURPOSE: Safe and peaceful grant | $14,000 |
OAK PARK REGIONAL HOUSING PURPOSE: Housing | $13,358 |
AGORA PURPOSE: Safe and Peaceful Grant | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Monroe Foundation has recieved totaling $14,707.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $12,207 |
Marquette Bank Affordable Housing Foundation Chicago, IL PURPOSE: COMMUNITY DEVELOPMENT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethany Lutheran Homes Inc La Crosse, WI | $102,810,906 | $37,603,425 |
St Paul Elder Services Inc Kaukauna, WI | $41,952,287 | $25,919,489 |
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Our Lady Of Angels Retirement Home Joliet, IL | $4,374,771 | $9,679,285 |
Mount St Joseph Lake Zurich, IL | $18,625,069 | $8,392,155 |
Fabricators & Manufacturers Association International Elgin, IL | $36,664,883 | $10,492,496 |
St Josephs Home Of Springfield Springfield, IL | $6,765,138 | -$5,947,093 |
Plain Church Medical Group Inc Arthur, IL | $1,903,756 | $9,584,459 |
Lutheran Home For The Aged Development Corp Prairie View Luth Danforth, IL | $5,765,834 | $9,143,268 |
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |
Brahmananda Saraswati Yagya Foundation Fairfield, IA | $15,294,355 | $10,246,793 |
Indianapolis Center For Congregations Inc Indianapolis, IN | $32,027,513 | $626,552 |