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The Monroe Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223236708 ✦ New rochelle, NY ✦ Designated as a 501(c)(3)

Overview

What is The Monroe Foundation Inc?

The Monroe Foundation Inc, based in New Rochelle, New York, is a nonprofit organization that focuses on providing educational opportunities to deserving individuals. They grant funds to institutions of higher education, which in turn, select qualified individuals for scholarship awards. The foundation's mission extends beyond financial aid, as it specifically supports underserved and veteran students, as well as others who require additional financial assistance to pursue or resume their education. By offering scholarships, The Monroe Foundation aims to remove financial barriers that could otherwise hinder qualified students from achieving higher education credentials.


Is The Monroe Foundation Inc legitimate?

The Monroe Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Monroe Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of The Monroe Foundation Inc?
Who is the CEO of The Monroe Foundation Inc?
What is the revenue of The Monroe Foundation Inc?
Who are the executives of The Monroe Foundation Inc and what are their salaries?
Where can I find the form 990 for The Monroe Foundation Inc?

Mission Statement of The Monroe Foundation Inc

The Monroe Foundation Inc is dedicated to aiding deserving individuals in their pursuit of higher education. With a particular emphasis on supporting underserved and veteran students, the organization seeks to remove financial barriers that may prevent qualified students from continuing their education. By providing additional financial assistance, The Monroe Foundation Inc strives to ensure that these individuals can attain higher education credentials, thereby opening up new opportunities for personal and professional growth. In essence, The Monroe Foundation Inc serves as a beacon of hope for those who may otherwise be unable to afford higher education, thereby contributing to a more educated and equitable society.

Impact

This information is meant to be a general summary of The Monroe Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

The Monroe Foundation Inc has a significant impact on deserving individuals pursuing higher education, particularly underserved and veteran students. By distributing grant funds to institutions of higher education for the provision of scholarships, the foundation enables qualified individuals to defray the costs of education. This support helps lift financial barriers that may otherwise prevent qualified students from continuing on the path to attaining higher education credentials. The Monroe Foundation's emphasis on assisting underserved and veteran students, among others, showcases its commitment to ensuring equal access to education for all.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $362,992
  • Program Service Revenue: $0
  • Gross Receipts: $1,218,916

    • Assets and Liabilities:
  • Total Assets: $1,965,085
  • Total Liabilities: $226,921
  • Net Assets: $1,738,164
  • Organization Details

    Founding Year

    1993

    Principal Officer

    Stephen Jerome

    Main Address

    145 HUGUENOT STREET SUITE 102, NEW ROCHELLE, NY, 10801

    NTEE Category

    Code: B82Z - Education

    If you are a representative of The Monroe Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.