Monarch Ministries
- Assets
- $47.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 47-3065362
Organization Overview
Monarch Ministries, operating under the name Monarch Thrift Shop, is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Monarch Thrift Shop employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monarch Thrift Shop 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, Monarch Thrift Shop generated $172.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $215.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THRIFT SHOP OPEN TO THE PUBLIC, PROVIDING LOW-COST PRE-OWNED GOODS TO COMMUNITY MEMBERS AND RECYCLING OPTIONS. PROVIDES JOB DEVELOPMENT AND SUPPORT FOR INDIVIDUALS WITH BARRIERS TO EMPLOYMENT, INCLUDING COURT MANDATED, RESTORATIVE JUSTICE PARTICIPANTS, INDIVIDUALS FROM UNDER RESOURCED COMMUNITIES PURSUING HIGH SCHOOL EQUIVALENCY, INDIVIDUALS REFERRED THROUGH MENTAL HEALTH AGENCY, AND OTHER PARTNER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christa Clumpner Cauley Co-Executive Director | 40 | $50,000 | |
Mireya Fouche Co-Executive Director | 40 | $50,000 | |
Samyria Holley Stock Room Organizer & Cashier | 20 | $16,000 | |
Rita Richardson Chair | 2 | $0 | |
Sandra Johnson Director, Secretary | 1 | $0 | |
Cecelia Quinn Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,562 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,130 |
| Other Revenue | $138 |
| Total Revenue | $172,623 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $134,840 |
| Professional fees and other payments to independent contractors | $3,685 |
| Occupancy, rent, utilities, and maintenance | $65,996 |
| Printing, publications, postage, and shipping | $586 |
| Other expenses | $9,949 |
| Total expenses | $215,056 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,583 |
| Other assets | $0 |
| Total assets | $47,318 |
| Total liabilities | $81,171 |
| Net assets or fund balances | -$33,853 |