Katherine W Monroe & Douglas D Monroe Jr Family Charitable Founda
- Assets
- $928.5k
- Revenue
- $56.8k
- Investments
- $903.1k
- Employees
- 0
- Location
- Irvington, VA
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-7254611
Organization Overview
Katherine W Monroe & Douglas D Monroe Jr Family Charitable Founda is located in Irvington, VA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Katherine W Monroe & Douglas D Monroe Jr Family Charitable Founda 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, Katherine W Monroe & Douglas D Monroe Jr Family Charitable Founda generated $56.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $76.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Katherine W Monroe & Douglas D Monroe Jr Family Charitable Founda has awarded 12 individual grants totaling $367,892. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DPFERR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wende M Szyperski Trustee | 5 | $0 | |
Margaret M Barlow Trustee | 5 | $0 | |
Katherine M Spotts Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,340 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,340 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $76,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,384 |
| Savings and temporary cash investments | $0 |
| 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 | $928,477 |
| 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, Katherine W Monroe & Douglas D Monroe Jr Family Charitable Founda has awarded $178,177 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY WORSHIP CENTRE OF KILMARNOCK PURPOSE: 501 C 3 CHURCH | $28,177 |
NORTHERN NECK YMCA PURPOSE: 510 C3 YOUTH FACILITY | $115,000 |
CITY WORSHIP CENTRE OF KILMARNOCK PURPOSE: 501 C 3 CHURCH | $35,000 |