NonprofitsMonster Education Foundation Nfp

Education

Monster Education Foundation Nfp

SKOKIE, IL

Total revenue

$137K

Total expenses

$65K

Net assets

$408K

Grants received

$81K

10 grants

EIN

831880124

Tax year

2024

Mission

Monster Education Foundation exists in order to carefully select and invest in the most promising young leaders in some of the most under-resourced neighborhoods in Chicago's South and West sides known for high crime and low educational outcomes. We empower them to be servant leaders in the community starting now while equipping them for life beyond high school through programming and funding scholarships for post secondary education.

Programs

3 programs

Leadership Program: The MEF leadership program's primary purpose is to equip our students to be change agents and servant leaders in their communities. Each year, one of the primary activities that does this is the leadership conference. The 2024 leadership conference was held in September. During the Leadership Conference, students were paired with adult mentors who guided them through the Life Game, a simulation of living as an adult for a month. Scholars faced the difficulties of making sound financial decisions with the goal of "staying in the black" at the end of the game. They gained excellent financial insights from their various experiences, and many of them recognized that Ernest Grays, who served as our keynote speaker, discussed "Know Your Why." A total of about thirty persons (30) attended, including scholars, other teenagers, and adults.

Expenses: $16K

College Preparation- The purpose is to get our scholars ready for their post secondary ventures. We have several events throughout the year, outlined below are the 2 major event:1) College prep conference: Each class of scholars participates in a workshop specific to their needs. Some topics have included Career identification for 7th and 8th graders, Launching into the college experience for 12th graders. 2) College visits: MEF allows our scholars to visit a college campus. We provide reimbursement of up to $200 per scholar. We encourage our scholars to visit at least two schools of interest to learn more about the university and to experience the college campus.

Expenses: $6K

MEF has other programs such as the Mentorship program, Outreach to the Community, Scholar Incentives and Social Bonding programs.

Expenses: $11K

Financials

FY 2024

Revenue

Contributions & grants$144K
Program service revenue
Investment income$14K
Other revenue
Total revenue$137K

Expenses

Grants paid
Salaries & benefits$14K
Fundraising
Other expenses$51K
Total expenses$65K
Total assets$417K
Net assets$408K

People

11 listed

NameRoleCompensation

Jennifer Chang

Executive Director- President

Board

$7K

30 hrs/wk

Mike Chang

Board Member- Treasurer

Board

5 hrs/wk

Kyu Choi

Board Member

Board

5 hrs/wk

Alana Groves

Board Member

Board

5 hrs/wk

Raschele Himalaya

Board Member

Board

4 hrs/wk

Jisu Kim

Board Member

Board

2 hrs/wk

Chris Knight

Board Member

Board

2 hrs/wk

Chyna Norwood

Board Member- Secretary

Board

1 hrs/wk

Darnell Ross

Board Member

Board

2 hrs/wk

De'Airius Salibi

Board Member

Board

5 hrs/wk

Christine Toy

Chief Operating Officer

Staff

$7K

10 hrs/wk

Grants received

Showing 10 of 10

FromAmountPurposeYear
$1K
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$93
GENERAL OPERATING PURPOSE
2024
$15K
CHARITABLE DONATION
2023
$7K
General support for programs, operations and other charitable purposes
2023
$1K
GENERAL OPERATING SUPPORT
2023
$800
GENERAL OPERATING SUPPORT
2021
$250
EDUCATION
2020

Funded by

$81K from 6 funders · 10 grants · 2020–2024

American Online Giving Foundation Inc

$56K · 3 grants · 2020–2022

Charities Aid Foundation America

$15K · 1 grant · 2023

The Chicago Community Trust

$7K · 1 grant · 2023

Jpmorgan Chase Foundation

$4K · 3 grants · 2021–2024

Baird Foundation Inc

$250 · 1 grant · 2020

The Cigna Group Foundation

$93 · 1 grant · 2024

Details

EIN831880124
NTEE codeB82
Subsection03
Ruling date2018-11
Formed2003
Employees0
Volunteers10
MONSTER EDUCATION FOUNDATION NFP — Mission, Financials & Grants Received | Grantivo