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Montrose Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042668765 ✦ Medfield, MA ✦ Designated as a 501(c)(3)

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Overview

What is Montrose Foundation Inc?

Montrose Foundation Inc, located at 29 North Street, Medfield, MA 02052, is a nonprofit organization dedicated to the education and development of young women from grades 6 to 12. Their mission is to inspire truth-seeking in these young women, building upon a robust liberal arts curriculum, character formation, and parental collaboration. Each student is challenged to nurture their intellect, character, leadership, service, faith, and reason within this supportive environment. The organization, with a workforce of 113 individuals, strives to empower its students to become well-rounded, responsible individuals.


Official website here: www.montroseschool.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 96%, Four-Star out of Four Star rating.

Montrose Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization scored 100% in this category, reflecting a transparent governance structure with a fully independent board of directors. Key metrics such as the absence of material diversion of assets and robust financial oversight practices further reinforce the foundation's commitment to responsible management.

The financial health of Montrose Foundation is demonstrated through a program expense ratio of 77.22%, suggesting that a significant majority of its expenditures are directed toward fulfilling its mission. This focus on programmatic spending highlights the foundation's effectiveness in utilizing resources for charitable purposes. Additionally, the organization maintains comprehensive policies related to conflicts of interest, whistleblower protections, and document retention, which contribute to its overall accountability.

While the ratings reflect a highly organized and financially sound nonprofit, feedback regarding broader community impact or specific program effectiveness is not noted in the available data. Nevertheless, the strong governance and financial practices suggest that Montrose Foundation Inc is a reliable choice for donors seeking to support a well-managed nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is Montrose Foundation Inc legitimate?

Montrose Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montrose Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,409,639

For more financial information, click here


Official website here: www.montroseschool.org

What is the mission statement of Montrose Foundation Inc?

The Montrose Foundation Inc's mission is centered around educating young women. This education is rooted in a robust liberal arts curriculum, fostering personal character development, and encouraging collaboration with parents. The foundation challenges each student to cultivate qualities such as intellect, character, leadership, service, faith, and reason. The overall objective is to inspire young women to pursue truth in all aspects of their lives. The foundation's educational approach extends to local, national, and international students from grades 6 to 12.


Official website here: www.montroseschool.org

Who is the CEO of Montrose Foundation Inc?

Donna Strouse is the Head Of Scho of Montrose Foundation Inc.


Official website here: www.montroseschool.org

What is the revenue of Montrose Foundation Inc?

Montrose Foundation Inc's revenue in 2022 was $7,647,629.


Official website here: www.montroseschool.org

Who are the executives of Montrose Foundation Inc and what are their salaries?

The average compensation at Montrose Foundation Inc during 2022 was $30,174. There are 113 employees and 250 volunteers at Montrose Foundation Inc.


Here are 16 key members and their salaries:


Kathleen Elrod- Fmr Asst Head Of Sc (Head Of Scho)
  • Compensation: $127,500
  • Related: $0
  • Other: $4,524
Mary Lashmit (Dir. Of Deve)
  • Compensation: $125,000
  • Related: $0
  • Other: $4,484
Myrna Flynn (Dir. Of Comm)
  • Compensation: $105,000
  • Related: $0
  • Other: $4,151
Karen Bohlin (Fmr Head Of)
  • Compensation: $102,308
  • Related: $0
  • Other: $3,504
Erica Bachiochi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Bowman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Cassler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Corra (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Jane Ann Driver (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melanie Francis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Calvin Harrison (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil Jacob (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Noonan (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Olohan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Roberto (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kestas Sereiva (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.montroseschool.org

Where can I find the form 990 for Montrose Foundation Inc?

Montrose Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.montroseschool.org

Learn more at the official website: www.montroseschool.org

Mission Statement of Montrose Foundation Inc

Montrose Foundation, a nonprofit organization, is dedicated to the education and development of young women from grades 6 to 12. Its mission is centered around encouraging these students to seek the truth in all aspects of their lives. This mission is built upon a strong foundation of a liberal arts curriculum, personal character formation, and a collaborative approach with parents. Montrose Foundation challenges each student to cultivate their intellect, character, leadership, service, faith, and reason. The ultimate goal is to foster well-rounded individuals who are equipped to make a positive impact in their communities and beyond.

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Impact




July, 2024

Montrose Foundation Inc has a significant impact on educating and developing young women in grades 6-12 to pursue the truth in all aspects of their lives. Through a rich liberal arts curriculum and a focus on personal character formation, leadership, service, faith, and reason, the organization challenges each student to cultivate their intellect and character. By emphasizing collaboration with parents and a holistic approach to education, Montrose Foundation Inc is shaping the next generation of young women locally, nationally, and internationally.




This information is meant to be a general summary of Montrose Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$7,647,629 (2022)
Expenses
$8,304,924 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $196
  • Program Service Revenue: $6,696,986
  • Gross Receipts: $7,817,887

Assets and Liabilities:

  • Total Assets: $17,933,464
  • Total Liabilities: $5,178,217
  • Net Assets: $12,755,247

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION, GROSS

Revenue

$6,696,986

Organization Details

Founding Year

1978

Principal Officer

Donna Strouse

Main Address

29 NORTH STREET, MEDFIELD, MA, 02052

NTEE Category

Code: B24Z - Education

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