Wake Monarch
- Assets
- $150.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fuquay Varina, NC
- Founding
- 07/2019
- Data as of
- 06/2022
- EIN
- 83-2148694
Organization Overview
Wake Monarch is located in Fuquay Varina, NC. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wake Monarch 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 06/2022, Wake Monarch generated $189.0k in total revenue.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO CREATE PROGRAMS AND ENVIRONMENTS AIMED AT THE PREVENTION, REDUCTION OF, AND RECOVERY FROM SUBSTANCE ABUSE BY YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Wright Executive Director | 40 | $43,990 | |
Stephanie Bourne Chair Of The Board | 6 | $0 | |
Kim Morris Secretary | 2 | $0 | |
Bonnie Duncan Vice Chair | 6 | $0 | |
Michelle Umstead Director | 6 | $0 | |
Jimmy Wright Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,346 |
| Total Program Service Revenue | $40,700 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $189,046 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $144,509 |
| Professional fees and other payments to independent contractors | $10,766 |
| Occupancy, rent, utilities, and maintenance | $17,002 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $74,571 |
| Total expenses | $246,848 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $150,234 |
| Other assets | $0 |
| Total assets | $150,234 |
| Total liabilities | $3,859 |
| Net assets or fund balances | $146,375 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Wake Monarch has recieved totaling $78,390.
| Awarding Organization | Amount |
|---|---|
A J Fletcher Foundation Raleigh, NC PURPOSE: ADDICTION-INFORMED HIGH SCHOOL | $50,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $26,297 |
Clark-Nexsen Foundation Virginia Beach, VA PURPOSE: SPOTLIGHT DONATION (VIRTUAL 5K) | $1,000 |
Allstate Foundation Northbrook, IL PURPOSE: AGENT - INDIVIDUAL HH GRANT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $93 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |