Nonprofit · EIN 22-3236708
MONROE FOUNDATION INC
Tax-exempt · NEW ROCHELLE, NY 10801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $87,342 | $169,800 | -$82,458 | $2,785,749 | $624,169 | $2,161,580 |
| August 31, 2024 | 990 | $307,205 | $396,581 | -$89,376 | $2,810,302 | $620,623 | $2,189,679 |
| August 31, 2023 | 990 | $364,317 | $435,671 | -$71,354 | $2,519,227 | $636,200 | $1,883,027 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $45,109
- Program service revenue
- $0
- Investment income
- $38,523
- Net gain from sales of assets
- $25,659
- Other revenue
- $3,710
Expenses
- Grants and similar amounts paid
- $82,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,900
- Occupancy
- $11,170
- Travel
- $221
- Depreciation
- $4,732
- Program services (functional)
- $82,000
- Management and general (functional)
- $75,860
- Fundraising (functional)
- $11,940
Balance sheet and other
- Total assets, start of year
- $2,810,302
- Total assets, end of year
- $2,785,749
- Total liabilities, end of year
- $624,169
- Net assets, end of year
- $2,161,580
- Land, buildings and equipment
- $40,833
- Publicly traded securities
- $2,358,818
- Net assets without donor restrictions
- $2,161,580
- Gross receipts
- $175,719
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- NY
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN JEROME | PRESIDENT Trustee or director, Officer | 2 | $0 |
| OLESIA TIAGI | TREASURER Trustee or director, Officer | 2 | $0 |
| OLHA PALUCH | DIRECTOR Trustee or director | 2 | $0 |
| ANTHONY COSCHIGANO | DIRECTOR Trustee or director | 2 | $0 |
| GREG GONZALEZ | DIRECTOR Trustee or director | 2 | $0 |
| MANNY TARTAGLIONE | DIRECTOR Trustee or director | 2 | $0 |
| LAUREN ROSENTHAL | DIRECTOR Trustee or director | 2 | $0 |
| SCOTT SIMON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended August 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN JEROME | PRESIDENT Trustee or director, Officer | 2 | $0 |
| OLESIA TIAGI | TREASURER Trustee or director, Officer | 2 | $0 |
| OLHA PALUCH | DIRECTOR Trustee or director | 2 | $0 |
| ANTHONY COSCHIGANO | DIRECTOR Trustee or director | 2 | $0 |
| GREG GONZALEZ | DIRECTOR Trustee or director | 2 | $0 |
| MANNY TARTAGLIONE | DIRECTOR Trustee or director | 2 | $0 |
| LAUREN ROSENTHAL | DIRECTOR Trustee or director | 2 | $0 |
| SCOTT SIMON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended August 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN JEROME | PRESIDENT Trustee or director, Officer | 2 | $0 |
| OLESIA TIAGI | TREASURER Trustee or director, Officer | 2 | $0 |
| OLHA PALUCH | DIRECTOR Trustee or director | 2 | $0 |
| ANTHONY COSCHIGANO | DIRECTOR Trustee or director | 2 | $0 |
| GREG GONZALEZ | DIRECTOR Trustee or director | 2 | $0 |
| MANNY TARTAGLIONE | DIRECTOR Trustee or director | 2 | $0 |
| LAUREN ROSENTHAL | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 145 HUGUENOT ST STE 102, NEW ROCHELLE, NY 10801-5240
- In care of
- % STEPHEN JEROME
- Principal officer (990 for 2024)
- STEPHEN JEROME, 145 HUGUENOT STREET SUITE 102, NEW ROCHELLE, NY 10801
- Signed the 990
- STEPHEN JEROME, OFFICER
- Phone
- (646) 393-8352
- Return prepared by
- WILKIN & GUTTENPLAN PC
Mission
THE MONROE FOUNDATION ASSISTS DESERVING INDIVIDUALS IN THEIR PERSUIT OF HIGHER EDUCATION, EMPHASIZING SUPPORT OF UNDERSERVED AND VETERAN STUDENTS AND OTHERS WHO ARE QUALIFIFED TO ATTEND COLLEGE BUT WHO REQUIRE ADDITIONAL FINANCIAL ASSISTANCE TO PERSUE OR RESUME THEIR EDUCATION. THE FOUNDATION SEEKS TO HELP LIFT FINANCIAL BARRIERS WHICH, IF NOT ADDRESSED, MAY RESULT IN QUALIFIED STUDENTS BEING UNABLE TO CONTINUE THE PATH TO THE ATTAINMENT OF HIGHER EDUCATION CREDENTIALS.
Program accomplishments
- THE DISTRIBUTION OF GRANT FUNDS TO INSTITUTIONS OF HIGHER EDUCATION FOR THE PROVISION OF SCHOLARSHIPS. THE EDUCATIONAL INSTITUTIONS SELECT QUALIFIED INDIVIDUALS FOR RECEIPT OF THE SCHOLARSHIPS, WHICH DEFRAY THE COSTS OF EDUCATION.Expenses $82,000 · grants $82,000
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 22-3236708
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $2,785,749
- Income (IRS master file)
- $175,719
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $87,342 | $169,800 | $2,785,749 | XML |
| 990 | August 2024 | $307,205 | $396,581 | $2,810,302 | XML |
| 990 | August 2023 | $364,317 | $435,671 | $2,519,227 | XML |
| 990 | August 2022 | $644,866 | $415,700 | $1,965,085 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | 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 22-3236708).
Questions about MONROE FOUNDATION INC
- What is the EIN of MONROE FOUNDATION INC?
- The employer identification number (EIN) of MONROE FOUNDATION INC is 22-3236708.
- Is MONROE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to MONROE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONROE 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 MONROE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONROE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MONROE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names STEPHEN JEROME.
- Who are the officers and directors of MONROE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does MONROE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $87,342, expenses of $169,800 and total assets of $2,785,749 at year end.
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