GOLD2022

Monet Foundation

Youth. Community. Resources

aka The Monet Richardson Community Foundation   |   Burlington, NC   |  https://monetrichardsoncommunityfoundation.com/

Mission

Enhance educational experiences and inspire students and teachers by connecting resources through collaboration, recognition, and innovative partnerships.

Ruling year info

2022

Executive Director

Patricia Richardson

Main address

219 S Gurney Street

Burlington, NC 27215 USA

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Formerly known as

Monet Richardson Foundation

EIN

87-2055784

NTEE code info

Community Foundations (T31)

IRS filing requirement

This organization is required to file an IRS Form 990-N.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

MRCF Backpack Program

MRCF Back-2-School Backpack Program gives under-served school age students a backpack with school supplies and other educational resources to improve academic outcomes.

Population(s) Served
Adolescents
Children
Preteens
Working poor
Low-income people

The Monet Richardson Community Foundation Scholarship Program aims to promote leadership, energy, ideas, and activism in the community's youth and prepare tomorrow's workforce. The Foundation awards educational scholarships to outstanding students to assist and support them as they pursue their education
after high school.

Population(s) Served
Young adults

Where we work

Financials

Monet Foundation
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

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Monet Foundation

Board of directors
as of 11/20/2022
SOURCE: Self-reported by organization
Board chair

Pat Richardson

Patricia Richardson

Nakisha Floyd

Charles Watson

Trimble Adams

Sarah Blount

Melchee Johnson

Durell Petway

Randy Smith

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 11/7/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 11/07/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.