Monroe Foundation INC

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Catholic school support

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-0747034) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 120 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $369K a year · 29% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
18.7 mo
of spending, in cash
Plus $2.5M in investments, Pt X · Ln 11–13
18.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$136K
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.1M
-16% vs prior year
Spent
$839K
To programs
88%
Net assets
$3.6M
By yearFY2021–FY2025
Revenue
$1.1M
FY2025▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$1.1M
FY2023$1.5M
FY2024$1.4M
FY2025$1.1M
Expenses
$839K
FY2025▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.0M
FY2022$1.0M
FY2023$863K
FY2024$701K
FY2025$839K
Net assets
$3.6M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.8M
FY2022$1.6M
FY2023$2.4M
FY2024$3.2M
FY2025$3.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1983.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $743K Management & general 8% · $65K Fundraising 4% · $32K

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

Something off? Claim to add context

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Monroe Foundation INC 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

Supports and advances Catholic schools' goals and programs in Fairbanks.

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3 programs · $743K · in their own filed words · FY2024
01

Payments to catholic schools of fairbanks for school operating expenses of the grade school (k-6) and JUNIOR/SENIOR high school (7-12). Enrollment is approximately 338.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-0747034) · Dispute this line
$727Kprogram expense
02

Scholarship distributions to universities

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-0747034) · Dispute this line
$8Kprogram expense
03

SCHOLARSHIPS/TUITION assistance to attend catholic schools of fairbanks

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-0747034) · Dispute this line
$7Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 23 grants · $3.9M · 2020–2024
Catholic Schools of FairbanksAK · FY2024$676,456
Unitemized GrantFY2024$8,500
Catholic Schools of FairbanksAK · FY2023$524,558
Unitemized GrantFY2023$9,000
Unitemized GrantFY2023$5,000
Catholic Schools of FairbanksAK · FY2022$674,838
Unitemized GrantFY2022$9,000
Unitemized GrantFY2022$5,000
Catholic Schools of FairbanksAK · FY2021$862,020
Unitemized GrantFY2021$7,000
Unitemized GrantFY2021$5,000
Unitemized GrantFY2021$1,000
Catholic Schools of FairbanksAK · FY2020$852,502
See all 23 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$997K
Investment incomeLn 3$99K
Other incomeLn 4–11$49K
Money outPt IX
$839K
Ln 25
Programscol B$743K
Managementcol C$65K
Fundraisingcol D$32K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$3.8M
LiabilitiesLn 26$136K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$997K
Noncash giftsLn 1g$347K
Fundraising eventsLn 1c$692K
Investment incomeLn 3$99K
Other incomeLn 4–11$49K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$325K
SavingsLn 2$985K
Cash and savings togetherLn 1–2$1.3M
Accounts receivableLn 4$1K
Prepaid expenses and deferred chargesLn 9$3K
InvestmentsLn 11–13$2.5M
Total assetsLn 16$3.8M
LiabilitiesLn 26$136K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6120
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$347K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$14K
Share of the $955K endowmentSch D 1g1.5%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$955K$880K$755K$707K$798K
AddedLn 1b$54K$5K
SpentLn 1d–1f$5K$4K$6K$6K$4K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.0M$1.3M
InvestmentsLn 11–13$2.3M$2.5M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$3.3M$3.8M
LiabilitiesLn 26$87K$136K
Net assetsLn 32$3.2M$3.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$708K$708K
Grants to domestic individualsLn 2$16K$16K
Accounting feesLn 11c$37K$37K
Investment management feesLn 11f$14K$14K
Office expensesLn 13$8K$5K$3K$624
OccupancyLn 16$18K$18K
TravelLn 17$2K$2K
InterestLn 20$2K$2K
Other expenses (24a–d)Ln 24$35K$5K$29K
Total functional expensesLn 25$839K$743K$65K$32K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 11, 2026 $1.1M$839K$306K$3.6M 990 PDF
FY2024Filed with the IRS May 21, 2025 $1.4M$701K$666K$3.2M 990 PDF
FY2023Filed with the IRS May 14, 2024 $1.5M$863K$641K$2.4M 990 PDF
FY2022 $1.1M$1.0M$58K$1.6M 990 PDF
FY2021Filed with the IRS May 16, 2022 $1.2M$1.0M$173K$1.8M 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments G · Fundraising I · Grants M · Noncash O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $1,145,133 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,193,859$997,492
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $42,600$99,068
I-11 Other revenuePrior year $130,025$48,573
I-12 Total revenuePrior year $1,366,484$1,145,133
I-13 Grants and similar amounts paidPrior year $615,944$723,956
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $84,895$115,320
I-18 Total expensesPrior year $700,839$839,276
I-19 Revenue less expensesPrior year $665,645$305,857
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,145,133 across 7 lines filed
Lines not itemized here account for $132,981 of total revenue; see the IRS return.
VIII-1c Fundraising events$692,367
VIII-1f All other contributions, gifts and grants$305,125
VIII-1g Noncash contributions (included above)$346,893
VIII-1h Total contributions, gifts and grants$997,492
VIII-3 Investment incomeExcluded from tax $99,068$99,068
VIII-8 Net income from fundraising eventsExcluded from tax −$84,408−$84,408
VIII-12 Total revenueRelated to mission $0 · Unrelated business $100,785 · Excluded from tax $46,856$1,145,133
Part IX · Statement of functional expenses $839,276 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $708,456$708,456
IX-2 Grants to domestic individualsPrograms $15,500$15,500
IX-11c Accounting feesManagement $36,991$36,991
IX-11f Investment management feesPrograms $13,932$13,932
IX-13 Office expensesPrograms $4,623 · Management $2,560 · Fundraising $624$7,807
IX-16 OccupancyManagement $18,284$18,284
IX-17 TravelFundraising $1,986$1,986
IX-20 InterestManagement $1,786$1,786
IX-24 Other expenses (24a–d)Management $5,447 · Fundraising $29,087$34,534
IX-25 Total functional expensesPrograms $742,511 · Management $65,068 · Fundraising $31,697$839,276
Part X · Balance sheet $3,768,053 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,006,946$325,168
X-2 Savings and temporary cash investmentsStart of year $17,048$985,141
X-4 Accounts receivable$1,085
X-9 Prepaid expenses and deferred chargesStart of year $927$2,760
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $2,270,191$2,453,899
X-16 Total assetsStart of year $3,295,112$3,768,053
X-17 Accounts payable and accrued expensesStart of year $13,285$61,222
X-19 Deferred revenueStart of year $14,400$18,950
X-25 Other liabilitiesStart of year $59,528$56,314
X-26 Total liabilitiesStart of year $87,213$136,486
X-27 Net assets without donor restrictionsStart of year $1,070,516$1,023,422
X-28 Net assets with donor restrictionsStart of year $2,137,383$2,608,145
X-32 Total net assets or fund balancesStart of year $3,207,899$3,631,567
X-33 Total liabilities and net assetsStart of year $3,295,112$3,768,053
Part XI · Reconciliation of net assets $3,631,567 net assets at year end
XI-1 Total revenue$1,145,133
XI-2 Total expenses$839,276
XI-3 Revenue less expenses$305,857
XI-4 Net assets at start of year$3,207,899
XI-5 Net unrealized gains (losses) on investments$109,955
XI-6 Donated services and use of facilities$7,856
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,631,567

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

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