Overview
What is Monroe Foundation?
The Monroe Foundation, located in Hillside, Illinois, serves as a resource for neighborhood and community development. With a team of just two dedicated individuals, they offer workshops, seminars, individual business consulting, and referral services to both nonprofit and profit entities. They have recently received a grant of $191,833 from the Illinois Criminal Justice Information Authority to enhance their services for returning offenders. This foundation is committed to making a positive impact in their community by providing these valuable resources.
Official website here: www.themonroefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Monroe Foundation has earned an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With a score of 96%, the foundation demonstrates excellence in maintaining transparency and responsible fiscal practices, as evidenced by its perfect scores in key areas such as independent board membership, financial statement reviews, and policies regarding conflict of interest and whistleblowing.
The foundation operates with a majority independent board, ensuring diverse oversight and governance. This structure, combined with high program expense ratios, indicates that a significant portion of its funds is directed toward its charitable programs rather than administrative costs. This highlights the Monroe Foundation's dedication to maximizing the impact of its resources on its mission.
Despite these strengths, the review does not mention any specific programs or initiatives undertaken by the Monroe Foundation. This may limit insights into the direct impact of its efforts in the community. Nonetheless, the organization's strong financial practices and governance structure position it well to achieve its goals effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe Foundation legitimate?
Monroe Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe Foundation 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,923
For more financial information, click here
Official website here: www.themonroefoundation.org
What is the mission statement of Monroe Foundation?
The Monroe Foundation's mission is centered around promoting neighborhood and community development. They accomplish this through organizing workshops, seminars, providing individual business consulting, and offering referral services, specifically tailored for nonprofit and profit entities. Their mission is to enhance the development of communities by offering these services. Additionally, the foundation has received a grant of $191,833 from the Illinois Criminal Justice Information Authority to provide services to returning offenders, further demonstrating their commitment to community development.
Official website here: www.themonroefoundation.org
Who is the CEO of Monroe Foundation?
Athena Williams is the Chair of Monroe Foundation.
Official website here: www.themonroefoundation.org
What is the revenue of Monroe Foundation?
Monroe Foundation's revenue in 2023 was $614,111.
Official website here: www.themonroefoundation.org
Who are the executives of Monroe Foundation and what are their salaries?
The average compensation at Monroe Foundation during 2023 was $48,962. There are 2 employees and 6 volunteers at Monroe Foundation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $85,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.themonroefoundation.org
Where can I find the form 990 for Monroe Foundation?
Monroe Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.themonroefoundation.org
Learn more at the official website: www.themonroefoundation.org
Mission Statement of Monroe Foundation
The Monroe Foundation is dedicated to promoting neighborhood and community development. They achieve this goal through conducting workshops, seminars, providing individual business consulting, and offering referral services to both nonprofit and profit entities. The organization's mission is to contribute to the betterment of communities by offering these services, aiming to foster growth and development within these organizations. Recently, the Illinois Criminal Justice Information Authority granted the Monroe Foundation $191,833 to expand its services and support to returning offenders.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Monroe Foundation has a significant impact on neighborhood community development in Hillside, Illinois. Through workshops, seminars, individual business consulting, and referral services, they provide valuable support to nonprofit and profit entities in the area. Their work is further reinforced by executing grants, such as the $191,833 awarded by the Illinois Criminal Justice Information Authority to provide services to returning offenders. The foundation's dedication to neighborhood and community development is evident in their mission and activities, making a tangible difference in the lives of individuals and organizations within the community.
This information is meant to be a general summary of Monroe Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $614,111
Assets and Liabilities:
- Total Assets: $101,492
- Total Liabilities: -$393
- Net Assets: $101,885
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1991
Phone
(773) 315-9720Principal Officer
Athena Williams
Main Address
1547 South Wolf Rd, Hillside, IL, 60162
Website
www.themonroefoundation.orgNTEE Category
Code: X99J - Religion related
If you are a representative of Monroe Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.