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 1.7% 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 16 individual grants totaling $5,667,301. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CATHOLIC SCHOOL SUPPORT
Describe the Organization's Program Activity:
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 |
|---|---|---|---|
Amanda Angaiak President/executive Director | OfficerTrustee | 20 | $0 |
Ehren Schachle Chairman | OfficerTrustee | 2 | $0 |
George Bowder Secretary | OfficerTrustee | 2 | $0 |
Ivy Nicholson Vice-Chair | OfficerTrustee | 2 | $0 |
Megan Bunch Treasurer | OfficerTrustee | 2 | $0 |
Dan Gavora Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $957,063 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,930 |
| Noncash contributions included in lines 1a–1f | $243,987 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $986,993 |
| Total Program Service Revenue | $0 |
| 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 organizations and domestic governments. | $875,252 |
| 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 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 | $2,620 |
| 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 |
| Net Land, buildings, and equipment | $2,714 |
| 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 | $193,516 |
| Net assets with donor restrictions | $1,634,280 |
| 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 | $1,998,558 |
Grants Awarded
Over the last fiscal year, Monroe Foundation Inc has awarded $875,251 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Fairbanks, AK PURPOSE: EDUCATION SUPPORT | $852,502 |
Fairbanks, AK PURPOSE: TUITION ASSISTANCE | $21,268 |
Fairbanks, AK PURPOSE: PROJECTS WITH DESIG | $1,481 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monroe Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Edwards Lifesciences Foundation Irvine, CA PURPOSE: MATCHING GIFTS GRANT | $2,000 |
Endowment Analysis
| Beg. Balance | $695,250 |
| Earnings | $106,804 |
| Admin Expense | $3,766 |
| Ending Balance | $798,288 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
The Robert P Rotella Foundation Bellevue, WA | $0 | $9,974 |
Ken Birdwell Foundation Bellevue, WA | $76,202,815 | $4,458,349 |
Rose Foundation Vancouver, WA | $0 | $16,480 |
Apex Foundation Bellevue, WA | $126,367,624 | $451,103 |
Stewardship Foundation C D A B & W T Weyerhaeuser Ttees Tacoma, WA | $0 | $6,421,793 |