Monroe Foundation FY2022 filing

EIN 36-3787503 Religious organization Hillside, IL NTEE X99J
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Revenue & expenses by yearFY2021–FY2025
Revenue
$815K
FY2022▲ +65%
Expenses
$739K
FY2022▲ +90%

Form 990 for the fiscal year ending March 2022 (IRS tax year 2021).


Empowers neighborhood communities with business workshops, consulting, and referrals. For fiscal year 2022 it reported $815K in revenue, $739K in expenses, and $123K in net assets.Pt I

Type
Religious organization · Religion
Location
Hillside, IL
Website
www.themonroefoundation.org
Filings
5 on file (2021–2022)
Revenue
$815KFY2022
Expenses
$739K
Net assets
$123K
People
9
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Provided by the organization

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Size
$100K–1M
What they do
Empowers neighborhood communities with business workshops, consulting, and referrals.
Leadership
Jurellene Ribsby · Director
Money in and out
$815K revenue, $739K expenses
Bottom line
94% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Yes — filed FY2025

Details →

Foundation funders?

good 1 funder — United Way of Metropolitan Chicago INC

$20K in the latest grant year. Details →

Spent on programs?

good 94% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↑ +65% vs prior year Details →

Where the money goes · FY2022
Total revenue
$815K
Pt VIII · Ln 12
Total expenses
$739K
Pt IX · Ln 25
Net assets
$123K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $77K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06 Fundraising $0.00
Program efficiency
94%
of spending reaches programs
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$123K
FY2022▲ +41%
Total liabilities
$177
FY2022▼ -90%
Revenue less expensesPt I · Ln 19$77K
Total assetsPt X · Ln 16$123K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CMonroe Foundation
EINHdr · item D36-3787503
Principal addressHdr · item CHillside, IL
WebsiteHdr · item Jwww.themonroefoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X99J)
Ruling yearIRS BMFSep 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Otis Monroe’s $85K as President is at the 82nd percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Monroe Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $691K of program spending, described in the organization's own filed words · FY2021.
01

Executed grant of $383,182 awarded by Illinois Criminal Justice Information Authority to provide services to returning offenders.

$383Kprogram expense
02

Executed R3 Planning grant awarded by State of Illinois to provide comprehensive services to ex-offenders with drug related convictions.

$169Kprogram expense
03

Served as fiscal agent for local nonprofit organizations to receive local and statewide grants.

$139Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$815K
Investment income$5
— government grantsLn 1e$552K
Total revenueLn 12$815K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06 Fundraising $0.00
Program services94%$691K
Management & general6%$46K
Fundraising$2K
Total functional expensesLn 25$739K

Balance Sheet

Part X · end of year
CashLn 1$123K
Total assetsLn 16$123K
Total liabilitiesLn 26$177
Total net assetsLn 32$123K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $123K · Operating expenses/yr $739K
2.0 months
Where the money goes
Program services
Program services $691K · Total expenses $739K
94%
Management & General
Management & general $46K · Total expenses $739K
6%
Fundraising
Fundraising $2K · Total expenses $739K
0.2%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $264K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $815K · Total revenue $815K
100%
Government reliance
Government grants $552K · Total revenue $815K
68%
Earned-income share
Program service revenue $0 · Total revenue $815K
0%
Investment reliance
Investment income $5 · Total revenue $815K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $739K
0%
Growth & trend
Revenue growth (YoY)
This year $815K · Prior year $494K
+65%
Net-asset trend (YoY)
End of year $123K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $815K · Expenses $739K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $123K
—
Net-asset ratio
Net assets $123K · Total assets $123K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $123K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jurellene Ribsby · Reported title Director · Highest reported compensation $0 · Total expenses $739K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $115K · Total expenses $739K
16%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 6%——
Fundraising cost ratio 0.2%——
Revenue growth 65%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$20K
Grants paid · 9 grants · $181K · 2021–2021
Ex-Cons for Community ChanFY2021$66,037
The Black Star ProjectIL · FY2021$22,872
PoderFY2021$19,987
Tgi MovementIL · FY2021$14,000
Oak Park Regional HousingFY2021$13,358
AgoraFY2021$12,500
Kingdom CommunityTN · FY2021$12,274
Peacemakers WorldwideFY2021$10,000
One Health EnglewoodFY2021$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025$175K revenue · ⤓ 990 PDF
FY2024$423K revenue · ⤓ 990 PDF
FY2023$614K revenue · ⤓ 990 PDF
FY2022$815K revenue · viewing · ⤓ 990 PDF
FY2021$494K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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