The Monarch Charitable Foundation
- Assets
- $65.7m
- Revenue
- $27.8m
- Investments
- $60.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 82-4278252
Organization Overview
The Monarch Charitable Foundation is located in Wilmington, DE. The organization was established in 2018. 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. Monarch Charitable 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, Monarch Charitable Foundation generated $27.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Monarch Charitable Foundation has awarded 32 individual grants totaling $2,888,982. 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 |
|---|---|---|---|
Holly Fogle Dir, Pres | 1 | $0 | |
Jeffrey Lieberman Dir, Sec, Treas | 1 | $0 | |
Megha Agarwal Executive Director | 50 | $230,625 | |
Noa Saint-Marc Chief Of Staff | 30 | $132,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/22 | $53,916 |
David Bucovy Architect Pllc | 12/30/22 | $91,648 |
Paul Davis New York Inc | 12/30/22 | $74,734 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,866,549 |
| Interest on Savings | $5,627 |
| Dividends & Interest | $24,302 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $136,494 |
| Capital Gain Net Income | $16,127,371 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$229,076 |
| Total Revenue | $27,803,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $407,708 |
| Pension plans, employee benefits | $102,482 |
| Interest | $6,285 |
| Taxes | $390,186 |
| Depreciation | $0 |
| Occupancy | $6,330 |
| Travel, conferences, and meetings | $11,834 |
| Printing and publications | $694 |
| Other expenses | $1,083,232 |
| Total operating and administrative expenses | $2,108,828 |
| Contributions, gifts, grants paid | $1,031,533 |
| Total expenses and disbursements | $3,140,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $636,635 |
| 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 | $56,211,875 |
| Net Land, buildings, and equipment | $5,046,038 |
| Other assets | $0 |
| Total assets | $65,739,338 |
| 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, The Monarch Charitable Foundation has awarded $1,031,533 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FINANCIAL RESOURCES PURPOSE: THE BRIDGE PROJECT | $247,432 |
BRIDGE PROJECT INC PURPOSE: SECOND PHASE OF LOW-INCOME MOTHERS HARDSHIP ASSISTANCE PROGRAM | $439,627 |
THE NEW YORK COMMUNITY TRUST PURPOSE: EARLY CHILDHOOD PARTNERS NYC FUNDS - 2022 | $50,000 |
COMMUNITY FINANCIAL RESOURCES PURPOSE: THE BRIDGE PROJECT YEAR 1 | $233,089 |
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PURPOSE: MONARCH FOUNDATION'S BRIDGE PROJECT - EXECUTION OF A RANDOMIZED CONTROLLED TRIAL TO DETERMINE THE IMPACTS OF GUARANTEED INCOME ON THE OVERALL HEALTH AND WELL-BEING OF RECIPIENTS | $60,362 |
CENTER AGAINST RAPE AND DOMESTIC VIOLENCE PURPOSE: GENERAL & UNRESTRICTED | $1,023 |