The Monroe Institute
- Assets
- $4.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 51
- Location
- Faber, VA
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 90-0681223
Organization Overview
The Monroe Institute is located in Faber, VA. The organization was established in 2011. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Monroe Institute employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe Institute 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 12/2023, Monroe Institute generated $4.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $5.3m during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONROE INSTITUTE PROVIDED EDUCATION, TRAINING, RESEARCH IN STRESS REDUCTION, PERSONAL DEVELOPMENT, AND ACCELERATED LEARNING TECHNIQUES THROUGH RESIDENTIAL AND ONLINE PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allyn Evans President & | OfficerTrustee | 40 | $148,452 |
James Becker Director | Trustee | 1 | $0 |
Frank Kenna Treasurer | OfficerTrustee | 1 | $0 |
Joel Mcginely Secretary | OfficerTrustee | 1 | $0 |
Janet Reed Board Chair | OfficerTrustee | 1 | $0 |
Luigi Sciambarella Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $336,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $336,018 |
| Total Program Service Revenue | $3,617,748 |
| Investment income | $106,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $74,964 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,221,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,452 |
| Compensation of current officers, directors, key employees. | $89,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,845,073 |
| Pension plan accruals and contributions | $694 |
| Other employee benefits | $75,410 |
| Payroll taxes | $152,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,080 |
| Fees for services: Accounting | $184,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,949 |
| Fees for services: Other | $1,102,516 |
| Advertising and promotion | $361,448 |
| Office expenses | $28,780 |
| Information technology | $97,961 |
| Royalties | $0 |
| Occupancy | $320,391 |
| Travel | $84,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,976 |
| Insurance | $63,180 |
| All other expenses | $40,819 |
| Total functional expenses | $5,274,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,378 |
| Savings and temporary cash investments | $79,110 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,797 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,088 |
| Prepaid expenses and deferred charges | $80,443 |
| Net Land, buildings, and equipment | $1,423,135 |
| Investments—publicly traded securities | $1,993,590 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,461 |
| Other assets | $0 |
| Total assets | $4,047,002 |
| Accounts payable and accrued expenses | $569,821 |
| Grants payable | $0 |
| Deferred revenue | $891,516 |
| 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 | $0 |
| Other liabilities | $156,711 |
| Total liabilities | $1,618,048 |
| Net assets without donor restrictions | $2,220,967 |
| Net assets with donor restrictions | $207,987 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,047,002 |