Monroe Foundation Inc
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairbanks, AK
- Founding
- 11/1983
- Data as of
- 06/2021
- EIN
- 93-0747034
Organization Overview
Monroe Foundation Inc is located in Fairbanks, AK. The organization was established in 1983. 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. Monroe 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 06/2021, Monroe Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Monroe Foundation Inc has awarded 22 individual grants totaling $7,465,647. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CATHOLIC SCHOOL SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS TO CATHOLIC SCHOOLS OF FAIRBANKS FOR SCHOOL DEBT AND OPERATING EXPENSES OF THE GRADE SCHOOL (K-6) AND JUNIOR/SENIOR HIGH SCHOOL (7-12). ENROLLMENT IS APPROXIMATELY 343.
SCHOLARSHIP DISTRIBUTIONS TO UNIVERSITIES
SCHOLARSHIPS/TUITION ASSISTANCE TO ATTEND CATHOLIC SCHOOLS OF FAIRBANKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Gavora Member | Trustee | 1 | $0 |
Ehren Schachle Outgoing Chairman | OfficerTrustee | 2 | $0 |
Amanda Angaiak President/executive Direct | OfficerTrustee | 20 | $0 |
Megan Bunch Treasurer | OfficerTrustee | 2 | $0 |
Patty Walter Member | Trustee | 1 | $0 |
George Bowder Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $986,993 |
| Investment income | $190,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,175 |
| Net Income from Fundraising Events | -$94,438 |
| Net Income from Gaming Activities | $101,678 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,194,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $35,075 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,178 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,049 |
| Office expenses | $38,984 |
| Information technology | $806 |
| Royalties | $11,677 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,196 |
| Interest | $5,036 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,575 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,020,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,576 |
| 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 |
| Investments—publicly traded securities | $1,915,268 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,998,558 |
| Accounts payable and accrued expenses | $3,532 |
| Grants payable | $0 |
| Deferred revenue | $33,600 |
| 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 | $65,010 |
| Other liabilities | $68,620 |
| Total liabilities | $170,762 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,827,796 |
Grants Awarded
Over the last fiscal year, Monroe Foundation Inc has awarded $908,273 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC SCHOOLS OF FAIRBANKS PURPOSE: EDUCATION SUPPORT | $862,020 |
CATHOLIC SCHOOLS OF FAIRBANKS PURPOSE: PROJECTS WITH DESIG | $9,253 |
CATHOLIC SCHOOLS OF FAIRBANKS PURPOSE: TUITION ASSISTANCE | $37,000 |