Monarch Charities Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 08/2003
- Data as of
- 12/2020
- EIN
- 14-1850492
Organization Overview
Monarch Charities Inc is located in Suffolk, VA. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. Monarch Charities 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 12/2020, Monarch Charities Inc generated $1.0 in total revenue. All expenses for the organization totaled $16.5k during the year ending 12/2020.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO RAISE MONEY FOR 501C3 CHARITIES. SEE ATTACHED SCHEDULE OF GRANTS TO 501C3 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad E Schwartz Pres & Director | 1 | $0 | |
Jeffrey F Benson Chairman & Director | 1 | $0 | |
Christina Peele Sec. & Treas. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,370 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $16,479 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Monarch Charities Inc has awarded $264,000 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUBS PURPOSE: DONATION | $5,000 |
CHAMPIONS FOR CHILDREN PURPOSE: DONATION | $5,000 |
EDMARC HOSPICE FOR CHILDREN PURPOSE: DONATION | $5,000 |
EQUI-KIDS THERAPEUTIC RIDING PROGRAM PURPOSE: ANNUAL RACE | $5,000 |
CASA (JUVENILE & DOMESTIC RELATIONS) PURPOSE: ANNUAL GALA SPONSORSHIP | $5,000 |
FOOD BANK OF SOUTHEASTERN VA PURPOSE: DONATION - BACK PACK AND KIDS CAF | $5,000 |