Monarch Home School LLC

Tax-deductible

Bolivar, OH501(c)(3)EducationEIN 88-2670120Revenue $238K in FY2025

On file with the IRS9450 Bailey Rd Ne, 44612-8704 · Bolivar, OHTax-exempt since Dec 2023School — 170(b)(1)(A)(ii)

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To provide year-round care and education for children with special needs. To provide transportation to and from the program for every student. To create and implement a modified curriculum that aligns with the ohio learning standards. To provide social experences for the students as well to support social development.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$128K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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 2
filings with a surplus
Average surplus $21K a year · 11% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$128K
to officers and key staff · 61% of spending
Top officer’s pay higher than 56% of similar orgs
Concern: pay to officers and key staff is 61% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$41K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$238K
+64% vs prior year
Spent
$209K
To programs
100%
Net assets
$40K
By yearFY2024–FY2025
Revenue
$238K
FY2025▲ +64%
Tap a bar for its year
Revenue by fiscal year
FY2024$145K
FY2025$238K
Expenses
$209K
FY2025▲ +59%
Tap a bar for its year
Expenses by fiscal year
FY2024$132K
FY2025$209K
Net assets
$40K
FY2025▲ +348%
Tap a bar for its year
Net assets by fiscal year
FY2024−$16K
FY2025$40K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $209K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $128K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$64,246Pt VII · Sec A
Vice President
$46,846Pt VII · Sec A
Secretary
$16,800Pt VII · Sec A

Kathleen Russo’s $64K as President is at the 56th percentile of top reported officer pay among 1613 $100K–1M education 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.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024
Kathleen Russo$64,246$48,738
Julie Martin$46,846$35,538
Jeff Russo$16,800$12,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Offers year-round care, education, transportation, and social experiences for children with special needs.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

We are providing a year-round program to care for and educate children with special needs.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$238K
Ln 12
Gifts and grantsLn 1h$238K
Money outPt IX
$209K
Ln 25
Programscol B$209K
Owns and owesPt X
$40K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$81K
LiabilitiesLn 26$41K
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$238K
Government grantsLn 1e$238K
Total revenueLn 12$238K
Assets in detailPt X, end of year
CashLn 1$38K
Cash and savings togetherLn 1–2$38K
Land, buildings, equipmentLn 10c$43K
Total assetsLn 16$81K
LiabilitiesLn 26$41K
Net assetsLn 32$40K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$19K$38K
Land, buildings, equipmentLn 10c$54K$43K
Total assetsLn 16$73K$81K
LiabilitiesLn 26$89K$41K
Net assetsLn 32−$16K$40K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$111K$111K
Other salaries and wagesLn 7$28K$28K
Payroll taxesLn 10$10K$10K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$322$322
Office expensesLn 13$7K$7K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$603$603
Other expenses (24a–d)Ln 24$28K$28K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$209K$209K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $238K$209K$29K$40K 990 PDF
FY2024 $145K$132K$13K−$16K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $238,294 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $145,034$238,294
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $145,034$238,294
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $89,162$148,848
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $42,544$59,979
I-18 Total expensesPrior year $131,706$208,827
I-19 Revenue less expensesPrior year $13,328$29,467
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $238,294 across 3 lines filed
VIII-1e Government grants$238,294
VIII-1h Total contributions, gifts and grants$238,294
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$238,294
Part IX · Statement of functional expenses $208,827 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $111,092$111,092
IX-7 Other salaries and wagesPrograms $28,154$28,154
IX-10 Payroll taxesPrograms $9,602$9,602
IX-11c Accounting feesPrograms $3,550$3,550
IX-12 Advertising and promotionPrograms $322$322
IX-13 Office expensesPrograms $6,863$6,863
IX-20 InterestPrograms $6,459$6,459
IX-22 Depreciation, depletion and amortizationPrograms $10,955$10,955
IX-23 InsurancePrograms $603$603
IX-24 Other expenses (24a–d)Programs $28,429$28,429
IX-24e All other expensesPrograms $2,798$2,798
IX-25 Total functional expensesPrograms $208,827 · Management $0 · Fundraising $0$208,827
Part X · Balance sheet $80,811 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $19,392$37,902
X-10c Land, buildings and equipment, netStart of year $53,864$42,909
X-16 Total assetsStart of year $73,256$80,811
X-25 Other liabilitiesStart of year $33,804$0
X-26 Total liabilitiesStart of year $89,361$40,925
X-32 Total net assets or fund balancesStart of year −$16,105$39,886
X-33 Total liabilities and net assetsStart of year $73,256$80,811
Part XI · Reconciliation of net assets $39,886 net assets at year end
XI-1 Total revenue$238,294
XI-2 Total expenses$208,827
XI-3 Revenue less expenses$29,467
XI-4 Net assets at start of year−$16,105
XI-8 Prior period adjustments$26,524
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$39,886

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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