Nonprofit · EIN 56-1326126
MONARCH
Tax-exempt · ALBEMARLE, NC 28001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $115,589,948 | $114,846,596 | $743,352 | $59,624,587 | $26,900,307 | $32,724,280 |
| June 30, 2024 | 990 | $115,193,720 | $106,695,287 | $8,498,433 | $57,173,831 | $25,485,119 | $31,688,712 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,071,387
- of which government grants
- $914,554
- Program service revenue
- $111,717,205
- Investment income
- $1,022,062
- Net rental income
- $139,761
- Net gain from sales of assets
- $264,402
- Net income from fundraising events
- $333,373
- Net income from sales of inventory
- $49,476
- Other revenue
- $779,294
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,526,752
- Other salaries and wages
- $72,549,832
- Salaries, compensation and benefits (total)
- $88,744,559
- Professional fundraising fees
- $0
- Legal fees
- $687,364
- Accounting fees
- $211,662
- Occupancy
- $4,000,190
- Travel
- $440,493
- Depreciation
- $1,179,267
- Program services (functional)
- $93,495,389
- Management and general (functional)
- $21,351,207
Balance sheet and other
- Total assets, start of year
- $57,173,831
- Total assets, end of year
- $59,624,587
- Total liabilities, end of year
- $26,900,307
- Net assets, end of year
- $32,724,280
- Land, buildings and equipment
- $9,508,412
- Publicly traded securities
- $19,428,026
- Net assets without donor restrictions
- $29,839,728
- Net assets with donor restrictions
- $2,884,552
- Gross receipts
- $132,363,041
- Employees
- 2,299
- Volunteers
- 172
- Year formed
- 1981
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PEGGY TERHUNE | CEO Officer | 40 | $614,526 | $0 |
| TERRI BERNHARDT | CAO Key employee | 40 | $447,254 | $0 |
| DR DOUGLAS SMITH | PSYCHIATRIST Highest-paid employee | 40 | $423,776 | $600 |
| DR JACQUELINE SMITH | MEDICAL DIRECTOR Highest-paid employee | 40 | $328,742 | $0 |
| TAMMY GEIS | CFO Officer | 40 | $324,136 | $600 |
| JOHN LATZ | MEDICAL DIRECTOR Highest-paid employee | 40 | $313,677 | $0 |
| ROBERT MCHALE | MEDICAL DIRECTOR Highest-paid employee | 40 | $285,006 | $0 |
| BLAKE MARTIN | PRESIDENT Key employee | 40 | $274,499 | $0 |
| DR AMY UNDERWOOD | PSYCHIATRIST Highest-paid employee | 40 | $274,319 | $0 |
| LYNDRIL LEONARD | SENIOR VP OF OPERATIONS Key employee | 40 | $222,976 | $600 |
| CHRISTY SHAVER | COO Officer | 40 | $221,519 | $0 |
| GEOFFREY MOEHRKE | CIO Key employee | 40 | $212,117 | $0 |
| MELISSA HALL | COO Officer | 40 | $208,525 | $0 |
| KENT EARNHARDT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF IRVIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THERESA HALL-KENDRICK | DIRECTOR Trustee or director | 1 | $0 |
| AMIE BRENDLE | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH UNDERWOOD | DIRECTOR Trustee or director | 1 | $0 |
| DEBORAH STARK | DIRECTOR Trustee or director | 1 | $0 |
| ANDY STARZECKI | DIRECTOR Trustee or director | 1 | $0 |
| ALEXIS G BUDGE | DIRECTOR Trustee or director | 1 | $0 |
| CAROLETTA METCALF DANIELS | DIRECTOR Trustee or director | 1 | $0 |
| JAY CHARLES | DIRECTOR Trustee or director | 1 | $0 |
| K MICHAEL SHAMBERGER | DIRECTOR Trustee or director | 1 | $0 |
| KARA S GUERRIERO | PAST CHAIR Trustee or director, Officer | 1 | $0 |
| DUNCAN E MUNN | BOARD DEV CHAIR Trustee or director, Officer | 1 | $0 |
| WILLIAM AUSTIN | FINANCE CHAIR Trustee or director, Officer | 1 | $0 |
| JEAN ANDERSEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEFFREY GASKIN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| BENJAMIN MARSH | CHAIR Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PEGGY TERHUNE | CEO Officer | 40 | $599,461 | $0 |
| DR DOUGLAS SMITH | PSYCHIATRIST Highest-paid employee | 40 | $423,260 | $600 |
| TERRI BERNHARDT | CAO Key employee | 40 | $391,658 | $0 |
| DR HAZEL MASTON | PSYCHIATRIST Highest-paid employee | 40 | $339,593 | $600 |
| DR JACQUELINE SMITH | ASSOCIATE MEDICAL DIRECTORMEDICAL DIRECTOR Highest-paid employee | 40 | $305,702 | $0 |
| JOHN LATZ | ASSOCIATE MEDICAL DIRECTOR Highest-paid employee | 40 | $296,441 | $0 |
| ROBERT MCHALE | ASSOCIATE MEDICAL DIRECTOR Highest-paid employee | 40 | $279,599 | $0 |
| TAMMY GEIS | CFO Officer | 40 | $231,848 | $600 |
| MELISSA HALL | COO Officer | 40 | $194,406 | $0 |
| TROY SYBERT | CMO Key employee | 40 | $190,721 | $185 |
| CHRISTY SHAVER | COO Officer | 40 | $174,593 | $0 |
| DAVE BROWN | CIO Key employee | 40 | $163,464 | $370 |
| KENT EARNHARDT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF IRVIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THERESA HALL-KENDRICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT GOODALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH UNDERWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBORAH STARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDY STARZECKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KURTIS TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROLETTA METCALF DANIELS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY CHARLES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARA S GUERRIERO | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DUNCAN E MUNN | BOARD DEV CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM AUSTIN | FINANCE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JEAN ANDERSEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JEFFREY GASKIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BENJAMIN MARSH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 350 PEE DEE AVE STE A, ALBEMARLE, NC 28001-4932
- Principal officer (990 for 2024)
- PEGGY TERHUNE, 350 PEE DEE AVENUE SUITE 101, ALBEMARLE, NC 28001
- Signed the 990
- PEGGY TERHUNE, CHIEF EXECUTIVE OFFICER
- Phone
- (704) 986-1500
- Website
- WWW.MONARCHNC.ORG
- Return prepared by
- DAVIDSON HOLLAND WHITESELL & CO PLLC
Mission
MONARCH IS COMMITTED TO SUPPORTING, EDUCATING AND EMPOWERING PEOPLE WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES, MENTAL ILLNESS, AND SUBSTANCE USE DISORDERS TO CHOOSE AND ACHIEVE WHAT IS IMPORTANT TO THEM. WE PROVIDE RESIDENTIAL, DAY/EMPLOYMENT, BEHAVIORAL HEALTH OUTPATIENT THERAPY AND OTHER PERIODIC SERVICES, CRISIS SERVICES, ASSERTIVE COMMUNITY TREATMENT TEAMS AND VARIOUS OTHER COMMUNITY SERVICES FOR PEOPLE WITH INTELLECTUAL/DEVELOPMENTAL DISABILITIES, MENTAL ILLNESS AND SUBSTANCE USE DISORDERS. SERVING CHILDREN, ADULTS, AND FAMILIES, WE FOCUS ON INDEPENDENCE, GROWTH, AND RECOVERY AS APPROPRIATE.
Program accomplishments
- MONARCH BEHAVIORAL HEALTH SERVICES: MONARCH PROVIDES OUTPATIENT THERAPY (INDIVIDUAL, FAMILY, GROUP), MEDICATION MANAGEMENT, PEER SUPPORTS, INTENSIVE IN-HOME, COMMUNITY SUPPORTS,TARGETED CASE MANAGEMENT, FACILITY BASED CRISIS, MOBILE CRISIS, ACTT, DWI SERVICES, AND PSYCHIATRIC SERVICES. 25,921 PATIENTS WERE SERVED IN THE CURRENT YEAR.Expenses $39,599,680 · revenue $45,050,535
- MONARCH RESIDENTIAL SERVICES: MONARCH MANAGES SMALL GROUP HOMES (2-9 PEOPLE), APARTMENT PROGRAMS AND COMPLEXES, ALONG WITH INDEPENDENT LIVING IN THE COMMUNITY FOR PEOPLE WHO HAVE INTELLECTUAL/DEVELOPMENTAL DISABILITIES OR MENTAL ILLNESS. GROUP HOME SETTINGS PROVIDE 24 HOUR SUPERVISION. SITES ACCESS QUALIFIED PROFESSIONALS, NURSES, PHYSICIANS, VARIOUS THERAPISTS, DIETICIANS, PSYCHOLOGISTS OR PSYCHIATRIC SERVICES AS NEEDED. APARTMENT PROGRAMS AND SUPPORTS IN THE COMMUNITY MAY BE 24 HOUR OR PERIODIC. PERSON CENTER PLANS ARE DEVELOPED AND IMPLEMENTED BASED ON AN INDIVIDUAL'S DREAMS, VALUES AND FAMILY CULTURE TO CREATE GOALS FOR GREATER INDEPENDENCE AT HOME AND IN THE COMMUNITY. 477 PATIENTS WERE SERVED IN THE CURRENT YEAR.Expenses $41,854,192 · revenue $52,177,603
- MONARCH DAY/EMPLOYMENT/PERIODIC SERVICES: MONARCH PROVIDES A VARIETY OF DAY/EMPLOYMENT SERVICES INCLUDING SUPPORTED EMPLOYMENT, MICRO-ENTERPRISE, AND JOB DEVELOPMENT TO HELP PEOPLE BECOME EMPLOYED. VOLUNTEERING AND COMMUNITY INVOLVEMENT WITH SKILLS DEVELOPMENT ASSIST THOSE WHO CHOOSE NOT TO WORK YET, FOR VARIOUS REASONS. WHEN NEEDED, DAY SUPPORTS CAN ALSO PROVIDE ASSISTANCE IN GAINING HIGHER EDUCATION. PERSON CENTER PLANS ARE DEVELOPED AND IMPLEMENTED BASED ON AN INDIVIDUAL'S DREAMS, VALUES AND FAMILY CULTURE TO CREATE GOALS FOR GREATER INDEPENDENCE AT HOME AND IN THE COMMUNITY. 1,065 PATIENTS WERE SERVED IN THE CURRENT YEAR.Expenses $9,491,527 · revenue $11,307,388
- NC MEDICAID IS COMMITTED TO EFFECTIVELY MANAGING PATIENTS MEDICAL, SOCIAL AND BEHAVIORAL CONDITIONS THROUGH A TEAMBASED, PERSONCENTERED APPROACH CALLED CARE MANAGEMENT. ALL MEDICAID ENROLLEES WILL HAVE ACCESS TO APPROPRIATE CARE MANAGEMENT AND COORDINATION SUPPORT ACROSS MULTIPLE SETTINGS OF CARE, INCLUDING A STRONG BASIS IN PRIMARY CARE AND CONNECTIONS TO SPECIALTY CARE AND COMMUNITYBASED RESOURCES. ENROLLEES WITH HIGH MEDICAL, BEHAVIORAL OR SOCIAL NEEDS SHOULD HAVE ACCESS TO A PROGRAM OF CARE MANAGEMENT THAT INCLUDES THE INVOLVEMENT OF A MULTIDISCIPLINARY CARE TEAM AND THE DEVELOPMENT OF A WRITTEN CARE PLAN. LOCAL CARE MANAGEMENT (CARE MANAGEMENT PERFORMED AT THE SITE OF CARE, IN THE HOME, OR IN THE COMMUNITY WHERE FACETOFACE INTERACTION IS POSSIBLE) IS THE PREFERRED APPROACH, BUILDING ON THE STRENGTHS OF THE CURRENT CARE MANAGEMENT STRUCTURE. CARE MANAGERS WILL HAVE ACCESS TO TIMELY AND COMPLETE ENROLLEELEVEL INFORMATION. AS PART OF CARE MANAGEMENT AND CARE COORDINATION, ENROLLEES WILL HAVE ACCESS TO DIRECT LINKAGES TO PROGRAMS AND SERVICES THAT ADDRESS UNMET HEALTHRELATED RESOURCE NEEDS AFFECTING SOCIAL DETERMINANTS OF HEALTH, ALONG WITH FOLLOWUP AND ONGOING PLANNING. CARE MANAGEMENT ACTIVITIES WILL ALIGN WITH OVERALL STATEWIDE PRIORITIES FOR ACHIEVING QUALITY OUTCOMES AND VALUE. 1,340 PATIENTS WERE SERVED IN THE CURRENT YEAR.ANCILLARY PROGRAM SERVICE REVENUE INCLUDING RENTS, SALES OF INVENTORY & REFUNDS / REIMBURSEMENTS RELATED TO EXEMPT PURPOSE.Expenses $2,549,990 · revenue $3,627,600
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1326126
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P40)
- Assets (IRS master file)
- $59,624,587
- Income (IRS master file)
- $132,363,041
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $115,589,948 | $114,846,596 | $59,624,587 | IRS |
| 990 | June 2024 | $115,193,720 | $106,695,287 | $57,173,831 | XML |
| 990 | June 2023 | $96,063,706 | $98,077,585 | $45,356,209 | IRS |
| 990 | June 2022 | $104,634,999 | $94,886,018 | $36,086,660 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1326126).
Questions about MONARCH
- What is the EIN of MONARCH?
- The employer identification number (EIN) of MONARCH is 56-1326126.
- Is MONARCH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to MONARCH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONARCH file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONARCH due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONARCH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MONARCH?
- The 990 for the year ended June 30, 2025 names PEGGY TERHUNE.
- Who are the officers and directors of MONARCH?
- The 990 for the year ended June 30, 2025 lists 30 people; 13 received compensation from the organization, the highest $614,526 (PEGGY TERHUNE, CEO).
- How much revenue does MONARCH have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $115,589,948, expenses of $114,846,596 and total assets of $59,624,587 at year end.
Other nonprofits in ALBEMARLE
- HOSPICE OF STANLY COUNTY INC EIN 56-1312621 · last filed 990 for 2025
- STANLY COUNTY FAMILY YMCA EIN 58-1582063 · last filed 990 for 2025
- PROXIMITY 2 HUMANITY CORPORATION EIN 99-2897200 · last filed 990 for 2024
- STANLY ADULT CARE CENTER INC EIN 87-3886341 · last filed 990 for 2024
- STANLY COUNTY FAMILY YMCA FOUNDATION EIN 26-3738308 · last filed 990 for 2025
- EAGLES ACADEMY INCORPORATED EIN 81-1478602 · last filed 990 for 2025
- COMMUNITY ADULT RESPITE EXPERIENCE INC EIN 01-0942937 · last filed 990 for 2025
- NEHEMIAH PROJECT COVENANT OF LOVE EIN 84-1869757 · last filed 990-EZ for 2025
All nonprofits in ALBEMARLE · North Carolina · Human services