Monroe Harding Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$3,795,727.00
Projected Expenses
$4,099,945.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| monroe harding irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $33,888,780.00 | $4,360,503.00 | |
| Total Expenses | $3,714,550.00 | $3,965,556.00 | |
| Revenue Less Expenses | ($-0.00) | $30,174,230.00 | $394,947.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $552,869.00 | $524,545.00 | |
| Contributions, Gifts, and Grants | $252,712.00 | $817,456.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $2,303,936.00 | $2,250,721.00 | |
| Investment Income, Net of Losses | $223,538.00 | $509,564.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $194,150.00 | |
| Revenue In-Kind | $55,815.00 | $57,285.00 | |
| Other | $0.00 | $6,782.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $3,298,185.00 | $3,372,340.00 | |
| Administration Expense | $162,141.00 | $284,160.00 | |
| Fundraising Expense | $254,224.00 | $309,056.00 | |
| Total Revenue/Total Expenses | 912% | 110% | |
| Program Expense/Total Expenses | 89% | 85% | |
| Fundraising Expense/Contributed Revenue | 7% | 8% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $2,303,936.00 | Program Revenue $2,250,721.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Government Grants $552,869.00 | Contributions, Gifts, and Grants $817,456.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $252,712.00 | Government Grants $524,545.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $10,409,928.00 | $12,177,860.00 | |
| Current Assets | $952,789.00 | $1,188,893.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $261,309.00 | $220,006.00 | |
| Total Net Assets | $10,148,619.00 | $11,957,854.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$9,418,635.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
| 2021-2022 Form 990 | 2022 |
| IRS 990 - 2020-2021 | 2021 |
| Monroe Harding 2020 - 6 months - 990 | 2020 |
| Monroe Harding 2019 990 | 2019 |
| Monroe Harding 2018 990 | 2018 |
| Monroe Harding 2017 990 | 2017 |
| Monroe Harding 2016 990 | 2016 |
| Monroe Harding 2015 990 | 2015 |
| Monroe Harding 2014 990 | 2014 |
| Monroe Harding 2013 990 | 2013 |
| Monroe Harding 2012 990 | 2012 |
| Monroe Harding 2011 990 | 2011 |
| Monroe Harding 2010 990 | 2010 |
| monroe harding 2009 990 | 2009 |
| monroe harding 2008 990 | 2008 |
| monroe harding 2007 990 | 2007 |
| monroe harding 2006 990 | 2006 |
| monroe harding 2005 990 | 2005 |
| monroe harding 2004 990 | 2004 |
| monroe harding 2003 990 | 2003 |
Audit Documents
CEO/Executive Director/Board Comments
| Monroe Harding's financial results from 2020 cover an 18-month period from January 1, 2019 through June 30, 2020. In July 2020, Monroe Harding migrated to a 12-month fiscal year cycle beginning July 1, 2021 from previous calendar year fiscal cycles. The positive variance between revenue and expenses reflects revenue earned from the sale of our Glendale Lane property and that money was put in our trust fund. Audit for the FY21 is underway. |
Foundation Staff Comments
| Financial figures taken from 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financial documents prepared by UHY Advisors Mo Inc. Comments provided by Nicole Rose 08/25/2023. |
