MONSTER EDUCATION FOUNDATION NFP

EIN: 831880124 501(c)(3) Education

SKOKIE, IL

Total Revenue
$136,651
Total Expenses
$64,881
Total Assets
$416,895
Net Assets
$407,868
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
IL
Principal Officer
JENNIFER CHANG
Phone
7733069655
Tax Period
2024-01-01 to 2024-12-31

MONSTER EDUCATION FOUNDATION NFP, founded in 2003, is a small nonprofit in the Education sector that reported $137K in total revenue in fiscal year 2024. The organization ran a surplus of $72K, a strong 53% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $22,351 Revenue: $0

Academic Program: Every Monster Scholar who enrolls in the program as a sixth grader receives a college scholarship account from MEF. Scholars may increase their scholarship accounts by giving back...

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Academic Program: Every Monster Scholar who enrolls in the program as a sixth grader receives a college scholarship account from MEF. Scholars may increase their scholarship accounts by giving back to their communities, participating in MEF events, and reporting their report card grades. The balance grows until the student graduates from high school. Scholars can earn over $2,000 each year.The matured scholarship is distributed equally among installments made annually upon acceptance to an accredited post-secondary school. MEF awarded a total of about $17,149.66 in scholarship expenses (disbursement for college tuition and related fees) to ten (10) students, accounting for 99% of the expenses in the academic program.

Program 2
Expenses: $15,608 Revenue: $0

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...

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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.

Program 3
Expenses: $5,688 Revenue: $0

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $143,596
Program Service Revenue $0
Investment Income $14,195
Other Revenue $-21,140
TOTAL REVENUE $136,651

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,055
Fundraising Expenses $0
Program Expenses $54,628
Other Expenses $50,826
TOTAL EXPENSES $64,881

Year-over-Year Comparison

2024 2023 Change
Revenue $136,651 $138,533 0.0%
Expenses $64,881 $63,863 +0.0%
Net Income $71,770 $74,670 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$7,200
Total Directors
0
$0
Key Employees
1
$7,200
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer Chang Executive Director- President 30
Officer
$7,200 $0 $7,200
Christine Toy Chief Operating Officer 10
Key Emp
$7,200 $0 $7,200
Mike Chang Board Member- Treasurer 5
Officer
$0 $0 $0
Kyu Choi Board Member 5
Officer
$0 $0 $0
Alana Groves Board Member 5
Officer
$0 $0 $0
Raschele Himalaya Board Member 4
Officer
$0 $0 $0
Jisu Kim Board Member 2
Officer
$0 $0 $0
Chris Knight Board Member 2
Officer
$0 $0 $0
Chyna Norwood Board Member- Secretary 1
Officer
$0 $0 $0
Darnell Ross Board Member 2
Officer
$0 $0 $0
De'Airius Salibi Board Member 5
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $136,651 $64,881 $416,895 $71,770
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