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Monroe Educational Foundation FY2024 filing

Tax-deductible

Monroe, LA501(c)(3) EIN 72-0681134Revenue $2.2M in FY2024Latest return filed Dec 12, 2025

On file with the IRSromustangs.com600 Finks Hideaway Rd, 71203-2414 · Monroe, LATax-exempt since Dec 1970School — 170(b)(1)(A)(ii)

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501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $44K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $150K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+17% vs prior year
Spent
$2.3M
To programs
85%
Net assets
$509K
By yearFY2021–FY2025
Revenue
$2.2M
FY2024▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.3M
FY2022$1.9M
FY2023$1.9M
FY2024$2.2M
FY2025$1.8M
Expenses
$2.3M
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.9M
FY2022$1.8M
FY2023$2.0M
FY2024$2.3M
FY2025$1.9M
Net assets
$509K
FY2024▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2021$567K
FY2022$602K
FY2023$554K
FY2024$509K
FY2025$344K

From the FY2024 Form 990 (year ending July 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $2.0M Management & general 15% · $340K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Jeb Andrews
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Abe Hakim
Trustee
$0Pt VII · Sec A
Dr Rushton Jones
Vice Preside
$0Pt VII · Sec A
Paul Lensing
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Monroe Educational Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Monroe Educational Foundation is a nonprofit based in Monroe, LA.

Questions for Monroe Educational Foundation

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1 program · $1.9M · in their own filed words · FY2023
01

Operation of a complete school with grades from pre-k through 12

$1.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Central & South American Childrens FoundationFY2023$150K
Amazonsmile FoundationFY2023$119
Total grants receivedfrom 2 funders$150K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.0M
Gifts and grantsLn 1h$173K
Other incomeLn 4–11$97K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.0M
Managementcol C$340K
Owns and owesPt X
$509K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$173K
Fees for servicesLn 2g$2.0M
Other incomeLn 4–11$97K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$41K
Cash and savings togetherLn 1–2$41K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.7M
Net assetsLn 32$509K
OperationsPt I, VI
EmployeesI 561
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$533K$41K
Land, buildings, equipmentLn 10c$566K$1.1M
Total assetsLn 16$2.2M$2.2M
LiabilitiesLn 26$1.6M$1.7M
Net assetsLn 32$554K$509K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.5M$1.3M$275K
Payroll taxesLn 10$117K$93K$24K
Accounting feesLn 11c$22K$22K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$23K$2K$21K
OccupancyLn 16$111K$100K$11K
InterestLn 20$34K$34K
Depreciation, depletion and amortizationLn 22$73K$73K
InsuranceLn 23$80K$72K$8K
Other expenses (24a–d)Ln 24$231K$230K$555
All other expensesLn 24e$73K$71K$2K
Total functional expensesLn 25$2.3M$2.0M$340K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Dec 12, 2025 $1.8M$1.9M−$164K$344K 990 PDF
FY2024 ViewingFiled with the IRS Mar 14, 2025 $2.2M$2.3M−$46K$509K 990 PDF
FY2023Filed with the IRS Dec 15, 2023 $1.9M$2.0M−$47K$554K 990 PDF
FY2022Filed with the IRS Nov 9, 2022 $1.9M$1.8M$35K$602K 990 PDF
FY2021Filed with the IRS Sep 27, 2021 $2.3M$1.9M$442K$567K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,248,554 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $67,683$172,549
I-9 Program service revenuePrior year $1,702,467$1,979,146
I-10 Investment incomePrior year $13,390$0
I-11 Other revenuePrior year $134,358$96,859
I-12 Total revenuePrior year $1,917,898$2,248,554
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,341,415$1,644,006
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $623,797$650,100
I-18 Total expensesPrior year $1,965,212$2,294,106
I-19 Revenue less expensesPrior year −$47,314−$45,552
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,248,554 across 6 lines filed
Lines not itemized here account for $1,308 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$172,549
VIII-1h Total contributions, gifts and grants$172,549
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,977,838$1,977,838
VIII-6 Net rental income or lossRelated to mission $4,680$4,680
VIII-8 Net income from fundraising events$92,179
VIII-12 Total revenueRelated to mission $1,983,826$2,248,554
Part IX · Statement of functional expenses $2,294,106 across 11 lines filed
IX-7 Other salaries and wagesPrograms $1,252,688 · Management $274,740$1,527,428
IX-10 Payroll taxesPrograms $92,645 · Management $23,933$116,578
IX-11c Accounting feesPrograms $21,586$21,586
IX-12 Advertising and promotionPrograms $3,726$3,726
IX-13 Office expensesPrograms $2,330 · Management $20,575$22,905
IX-16 OccupancyPrograms $99,830 · Management $11,093$110,923
IX-20 InterestPrograms $34,035$34,035
IX-22 Depreciation, depletion and amortizationPrograms $73,234$73,234
IX-23 InsurancePrograms $71,813 · Management $7,978$79,791
IX-24 Other expenses (24a–d)Programs $230,346 · Management $555$230,901
IX-24e All other expensesPrograms $71,387 · Management $1,612$72,999
IX-25 Total functional expensesPrograms $1,953,620 · Management $340,486 · Fundraising $0$2,294,106
Part X · Balance sheet $2,232,693 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $532,994$41,167
X-4 Accounts receivableStart of year $1,087,790$1,093,080
X-10c Land, buildings and equipment, netStart of year $566,314$1,098,446
X-16 Total assetsStart of year $2,187,098$2,232,693
X-17 Accounts payable and accrued expensesStart of year $137,406$173,038
X-19 Deferred revenueStart of year $1,488,780$1,550,745
X-26 Total liabilitiesStart of year $1,632,636$1,723,783
X-32 Total net assets or fund balancesStart of year $554,462$508,910
X-33 Total liabilities and net assetsStart of year $2,187,098$2,232,693
Part XI · Reconciliation of net assets $508,910 net assets at year end
XI-1 Total revenue$2,248,554
XI-2 Total expenses$2,294,106
XI-3 Revenue less expenses−$45,552
XI-4 Net assets at start of year$554,462
XI-10 Net assets at end of year$508,910

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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