Monette Robinson Foundation Inc
- Assets
- $1.5m
- Revenue
- $43.9k
- Investments
- $1.5m
- Employees
- 0
- Location
- Gibbstown, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 82-5391736
Organization Overview
Monette Robinson Foundation Inc is located in Gibbstown, NJ. 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. Monette Robinson 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 12/2022, Monette Robinson Foundation Inc generated $43.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (57.4%) each year.
Since 2020, Monette Robinson Foundation Inc has awarded 19 individual grants totaling $589,342. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS FORMED AT THE END OF DECEMBER 2018. THE FOUNDATION WAS FUNDED ON DECEMBER 23, 2018 SO NO CONTRIBUTIONS WERE MADE FROM THE FOUNDATION IN 2018
THIS FOUNDATION WAS FORMED TO MAKE GRANTS TO THE CHILDREN OF THE EMPLOYEES OF MYCONE DENTAL PRODUCTS COMPANY, INC. FOR THE EDUCATION EXPENSES OF THOSE CHILDREN. THERE IS A RIGOROUS APPLICATION PROCESS BEING PUT INTO PLACE FOR THE SELECTION OF THE AWARDEES AND THE FIRST AWARDS FOR THE SCHOARSHIP GRANTS WILL TAKE PLACE IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cary Robinson Director And Secretary | 2 | $0 | |
Danielle Robinson Director And President | 2 | $0 | |
Lance Rogers Director And Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,037 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,897 |
| Capital Gain Net Income | $11,897 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,183 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,275 |
| Contributions, gifts, grants paid | $245,000 |
| Total expenses and disbursements | $256,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,521 |
| 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 | $1,541,720 |
| 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, Monette Robinson Foundation Inc has awarded $245,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP EUSTACE HIGH SCHOOL PURPOSE: ACADEMIC SCHOLARSHIP | $10,000 |
COLLEGE OF NEW JERSEY PURPOSE: ACADEMIC SCHOLARSHIP | $7,500 |
FR JUDGE HIGH SCHOOL-(BRIAN CLARK'S SON) PURPOSE: ACADEMIC SCHOLARSHIP | $10,000 |
UNIVERSITY OF NEW HAMPSHIRE PURPOSE: ACADEMIC SCHOLARSHIP | $15,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: ACADEMIC SCHOLARSHIP | $15,000 |
RUTGERS UNIVERSITY PURPOSE: ACADEMIC SCHOLARSHIP | $7,500 |