Nonprofit · EIN 04-2668765
MONTROSE FOUNDATION INC
Tax-exempt · MEDFIELD, MA 02052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $16,691,451 | $12,089,078 | $4,602,373 | $26,831,781 | $6,097,265 | $20,734,516 |
| June 30, 2024 | 990 | $13,853,391 | $10,769,513 | $3,083,878 | $21,821,037 | $5,726,244 | $16,094,793 |
| June 30, 2023 | 990 | $9,184,798 | $9,212,452 | -$27,654 | $17,957,384 | $4,946,469 | $13,010,915 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,910,333
- of which government grants
- $1,229,663
- Program service revenue
- $10,414,755
- Investment income
- $389,220
- Net rental income
- $34,864
- Net gain from sales of assets
- -$15,960
- Net income from fundraising events
- -$110,255
- Other revenue
- -$22,857
Expenses
- Grants and similar amounts paid
- $2,525,243
- Compensation of officers, directors and key employees
- $552,326
- Other salaries and wages
- $4,772,495
- Salaries, compensation and benefits (total)
- $6,579,662
- Professional fundraising fees
- $66,820
- Legal fees
- $27,527
- Accounting fees
- $27,645
- Depreciation
- $636,368
- Program services (functional)
- $9,652,555
- Management and general (functional)
- $1,802,651
- Fundraising (functional)
- $633,872
Balance sheet and other
- Total assets, start of year
- $21,821,037
- Total assets, end of year
- $26,831,781
- Total liabilities, end of year
- $6,097,265
- Net assets, end of year
- $20,734,516
- Land, buildings and equipment
- $17,245,925
- Publicly traded securities
- $790,122
- Net assets without donor restrictions
- $15,418,961
- Net assets with donor restrictions
- $5,315,555
- Gross receipts
- $18,115,814
- Employees
- 120
- Volunteers
- 250
- Year formed
- 1978
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN ELROD | HEAD OF SCHOOL Officer | 50 | $239,000 | $11,475 |
| DONNA STROUSE | CFOO AND ASSIST HEAD OF SCHOOL | 50 | $211,320 | $25,480 |
| KELLY MELLEY | DIR. OF ENROLLMENT | 40 | $104,400 | $36,603 |
| REBECCA ROBERTS | ASSIST HEAD OF SCH | 40 | $130,200 | $6,616 |
| BARBARA WHITLOCK | DIR. OF CURRICULUM | 40 | $120,200 | $6,591 |
| JESSICA HALTON | DIR OF ADVANCEMENT | 40 | $123,496 | $0 |
| WILLIAM NOONAN | Chairman Trustee or director, Officer | 5 | $0 | $0 |
| TOM CORRA | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| JANE DRIVER | CLERK/SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ERIKA BACHIOCHI | Trustee Trustee or director | 2 | $0 | $0 |
| WILLIAM BOWMAN | Trustee Trustee or director | 2 | $0 | $0 |
| TODD CASSLER | Trustee Trustee or director | 2 | $0 | $0 |
| ELIZABETH DAHER FASSE | Trustee Trustee or director | 2 | $0 | $0 |
| MELANIE FRANCIS | Trustee Trustee or director | 2 | $0 | $0 |
| NEIL JACOB | vice chair Trustee or director, Officer | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE ROBERTO | Trustee Trustee or director | 2 | $0 |
| KESTAS SEREIVA | Trustee Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN ELROD | HEAD OF SCHOOL Officer | 50 | $252,100 | $6,499 |
| DONNA STROUSE | CFOO AND ASSIST HEAD OF SCHOOL | 50 | $204,200 | $5,617 |
| MARY JO WHITE | TEACHER | 40 | $117,170 | $11,268 |
| BARBARA WHITLOCK | DIR. UPPER SCHOOL | 40 | $103,700 | $2,970 |
| REBECCA ROBERTS | DIR. MIDDLE SCHOOL | 40 | $103,700 | $2,925 |
| KATHRYN MELLEY | DIR. ADMISSIONS | 40 | $101,801 | $4,092 |
| WILLIAM NOONAN | Chairman Trustee or director, Officer | 5 | $0 | $0 |
| TOM CORRA | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| JANE DRIVER | CLERK/SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ERIKA BACHIOCHI | Trustee Trustee or director | 2 | $0 | $0 |
| WILLIAM BOWMAN | Trustee Trustee or director | 2 | $0 | $0 |
| TODD CASSLER | Trustee Trustee or director | 2 | $0 | $0 |
| ELIZABETH DAHER FASSE | Trustee Trustee or director | 2 | $0 | $0 |
| MELANIE FRANCIS | Trustee Trustee or director | 2 | $0 | $0 |
| NEIL JACOB | vice chair Trustee or director | 2 | $0 | $0 |
| ESTER MUNT-BROOKS | Trustee Trustee or director | 2 | $0 | $0 |
| MIKE ROBERTO | Trustee Trustee or director | 2 | $0 | $0 |
| KESTAS SEREIVA | Trustee Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN ELROD | HEAD OF SCHO Trustee or director, Officer | 40 | $162,528 | $2,225 |
| CALVIN HARRISON UNTIL 31023 | TRUSTEE Trustee or director | 10 | $0 | $0 |
| ERICA BACHIOCHI | TRUSTEE Trustee or director | 10 | $0 | $0 |
| WILLIAM BOWMAN | TRUSTEE Trustee or director | 10 | $0 | $0 |
| TODD CASSLER | TRUSTEE Trustee or director | 10 | $0 | $0 |
| TOM CORRA | TRUSTEE Trustee or director | 10 | $0 | $0 |
| DR JANE ANN DRIVER | TRUSTEE Trustee or director | 10 | $0 | $0 |
| MELANIE FRANCIS | TRUSTEE Trustee or director | 10 | $0 | $0 |
| NEIL JACOB | VICE CHAIR Trustee or director | 10 | $0 | $0 |
| WILLIAM NOONAN | CHAIR Trustee or director | 10 | $0 | $0 |
| MARY OLOHAN | CLERK Trustee or director | 10 | $0 | $0 |
| MICHAEL ROBERTO | TRUSTEE Trustee or director | 10 | $0 | $0 |
| KESTAS SEREIVA | TRUSTEE Trustee or director | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 29 NORTH ST, MEDFIELD, MA 02052-2308
- In care of
- % RON YOUNG
- Principal officer (990 for 2024)
- TOM CORRA, 29 NORTH STREET, MEDFIELD, MA 02052
- Signed the 990
- TOM CORRA, Treasurer
- Phone
- (508) 359-2423
- Website
- www.montroseschool.org
- Return prepared by
- QRGA LLP
Mission
TO EDUCATE YOUNG WOMEN TO PURSUE THE TRUTH IN ALL THEY DO. BUILT ON THE FOUNDATION OF A RICH LIBERAL ARTS CURRICULUM, PERSONAL CHARACTER FORMATION, AND COLLABORATION WITH PARENTS, EACH STUDENT IS CHALLENGED TO CULTIVATE INTELLECT, CHARACTER, LEADERSHIP, SERVICE, FAITH AND REASON.
Program accomplishments
- THE EDUCATION AND DEVELOPMENT OF LOCAL, NATIONAL, AND INTERNATIONAL YOUNG WOMEN FROM GRADES 612.Expenses $9,652,555 · grants $2,525,243 · revenue $10,414,755
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2668765
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24Z)
- Assets (IRS master file)
- $26,831,781
- Income (IRS master file)
- $18,115,814
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $16,691,451 | $12,089,078 | $26,831,781 | XML |
| 990 | June 2024 | $13,853,391 | $10,769,513 | $21,821,037 | XML |
| 990 | June 2023 | $9,184,798 | $9,212,452 | $17,957,384 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $7,647,629 | $8,304,924 | $17,933,464 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2668765).
Questions about MONTROSE FOUNDATION INC
- What is the EIN of MONTROSE FOUNDATION INC?
- The employer identification number (EIN) of MONTROSE FOUNDATION INC is 04-2668765.
- Is MONTROSE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to MONTROSE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTROSE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONTROSE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONTROSE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MONTROSE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names TOM CORRA.
- Who are the officers and directors of MONTROSE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 6 received compensation from the organization, the highest $239,000 (KATHLEEN ELROD, HEAD OF SCHOOL).
- How much revenue does MONTROSE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $16,691,451, expenses of $12,089,078 and total assets of $26,831,781 at year end.
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