2024-11-15T23:48:42-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-10-18 934809893 MOLLOY FUTURE FUND INC MOLL 6463289761 138-44 QUEENS BOULEVARD 101 BRIARWOOD NY 11435 ROBERT MAINA CHAIRMAN 6463289761 2024-11-15 1 1 GARRETT M HIGGINS P00543209 9143818900 2024-10-31 2023 2024-10-15 13:58:12Z X ROBERT MAINA 138-44 QUEENS BOULEVARD 101 BRIARWOOD NY 11435 200591 0 X N/A X 2023 DE MOLLOY FUTURE FUND, INC. IS ORGANIZED FOR THE PURPOSE OF RAISING, RECEIVING, AND ADMINISTERING CHARITABLY DONATED FUNDS, INCLUDING FUNDS FOR THE PURPOSE OF PERMANENT ENDOWMENTS, FOR THE BENEFIT OF THE VARIOUS EDUCATIONAL, CHARITABLE, AND RELIGIOUS PROGRAM, ACTIVITIES, EVENTS, ORGANIZATIONS, FACILITIES AND AGENCIES SERVICING AND SUPPORTING THE STUDENTS AND PROSPECTIVE STUDENTS, INCLUDING THOSE WITH FINANCIAL NEEDS, PARTICIPATING IN THE GREATER COMMUNITY OF THE FRIENDS, FAMILIES, SUPPORTERS AND ALUMNI OF ARCHBISHOP MOLLOY HIGH SCHOOL. THE NATURE OF THE PERMANENT ENDOWMENT IS TO PROVIDE CURRENT INCOME AND LONG-TERM SUPPORT FOR THE OPERATIONS OF THE FUND FOR THE BENEFIT OF THE GREATER MOLLOY COMMUNITY. 3 3 0 3 0 0 200000 0 591 0 200591 0 0 0 0 0 3015 3015 197576 200576 3000 197576 X MOLLOY FUTURE FUND, INC. IS ORGANIZED FOR THE PURPOSE OF RAISING, RECEIVING, AND ADMINISTERING CHARITABLY DONATED FUNDS, INCLUDING FUNDS FOR THE PURPOSE OF PERMANENT ENDOWMENTS, FOR THE BENEFIT OF THE VARIOUS EDUCATIONAL, CHARITABLE, AND RELIGIOUS PROGRAM, ACTIVITIES, EVENTS, ORGANIZATIONS, FACILITIES AND AGENCIES SERVICING AND SUPPORTING THE STUDENTS AND PROSPECTIVE STUDENTS, INCLUDING THOSE WITH FINANCIAL NEEDS, PARTICIPATING IN THE GREATER COMMUNITY OF THE FRIENDS, FAMILIES, SUPPORTERS AND ALUMNI OF ARCHBISHOP MOLLOY HIGH SCHOOL. THE NATURE OF THE PERMANENT ENDOWMENT IS TO PROVIDE CURRENT INCOME AND LONG-TERM SUPPORT FOR THE OPERATIONS OF THE FUND FOR THE BENEFIT OF THE GREATER MOLLOY COMMUNITY. 0 0 MOLLOY FUTURE FUND, INC. IS ORGANIZED FOR THE PURPOSE OF RAISING, RECEIVING, AND ADMINISTERING CHARITABLY DONATED FUNDS, INCLUDING FUNDS FOR THE PURPOSE OF PERMANENT ENDOWMENTS, FOR THE BENEFIT OF THE VARIOUS EDUCATIONAL, CHARITABLE, AND RELIGIOUS PROGRAM, ACTIVITIES, EVENTS, ORGANIZATIONS, FACILITIES AND AGENCIES SERVICING AND SUPPORTING THE STUDENTS AND PROSPECTIVE STUDENTS, INCLUDING THOSE WITH FINANCIAL NEEDS, PARTICIPATING IN THE GREATER COMMUNITY OF THE FRIENDS, FAMILIES, SUPPORTERS AND ALUMNI OF ARCHBISHOP MOLLOY HIGH SCHOOL. THE NATURE OF THE PERMANENT ENDOWMENT IS TO PROVIDE CURRENT INCOME AND LONG-TERM SUPPORT FOR THE OPERATIONS OF THE FUND FOR THE BENEFIT OF THE GREATER MOLLOY COMMUNITY. 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X ROBERT MAINA 6463289761 138-44 QUEENS BOULEVARD 101 BRIARWOOD NY 11435 X ROBERT MAINA CHAIR 5.00 X X 0 0 0 JOHN COSTER DIRECTOR 5.00 X 0 0 0 PAUL KRISCHE DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 200000 200000 591 591 200591 0 0 591 3000 3000 15 15 3015 0 3015 0 200576 0 200576 3000 0 3000 X 197576 0 197576 0 200576 197576 0 X 0 0 0 X 200000 200000 200000 200000 195988 4012 591 591 200591 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION IS FILING A SHORT YEAR RETURN FOR THE CURRENT YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION SHALL HAVE ONE CLASS OF MEMBERSHIP, WHICH IS LIMITED TO MEMBERS OF THE MOLLOY COMMUNITY WHO WILL UPHOLD THE TRADITIONS AND BELIEFS OF CATHOLIC TEACHINGS AND EDUCATION AND ARE NOT EMPLOYEES OR BOARD MEMBERS OF ARCHBISHOP MOLLOY HIGH SCHOOL NOR ANY RELIGIOUS ORDER. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE POWER TO ELECT OR APPOINT ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE POWER TO REMOVE ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS AND APPROVE TRANSACTIONS OF OTHER BUSINESS, SUCH AS AMEND THE GOVERNING DOCUMENTS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS SENT ELECTRONICALLY TO THE BOARD FOR REVIEW BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT APPLIES TO OFFICERS AND DIRECTORS WHO ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT. THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. NEITHER THE CORPORATION NOR ANY CURRENT OR FORMER (WITHIN THE LAST FIVE YEARS) DIRECTORS, OFFICERS, EMPLOYEES (IF ANY), VOLUNTEERS, INDEPENDENT CONTRACTORS, SUBSTANTIAL CONTRIBUTORS, COMMITTEE MEMBERS OR OTHERS WHO HAVE THE ABILITY TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE CORPORATION ("COVERED PERSONS") SHALL ENTER INTO ANY TRANSACTION OR ARRANGEMENT THAT INVOLVES AN ACTUAL, POTENTIAL, OR APPARENT CONFLICT OF INTEREST EXCEPT IN COMPLIANCE WITH THESE BYLAWS OR AS MAY BE SPECIFIED IN THE CORPORATION'S CONFLICT OF INTEREST POLICY ADOPTED BY THE BOARD. A CONFLICT OF INTEREST ARISES WHENEVER THE INTERESTS OF THE CORPORATION COME INTO CONFLICT WITH A COMPETING FINANCIAL OR PERSONAL INTEREST OF A COVERED PERSON OR AN AFFILIATED PARTY, OR OTHERWISE WHENEVER A COVERED PERSON'S PERSONAL OR FINANCIAL INTEREST COULD BE REASONABLY VIEWED AS AFFECTING HIS OR HER OBJECTIVITY OR INDEPENDENCE IN FULFILLING THEIR DUTIES TO THE CORPORATION. AFTER DISCLOSURE OF THE POTENTIALLY CONFLICTING INTEREST AND ALL MATERIAL FACTS, AND AFTER ANSWERING ANY QUESTIONS, THE INTERESTED PERSON SHALL RECUSE HIMSELF OR HERSELF FROM DELIBERATIONS AND VOTING RELATING TO THE MATTER AND SHALL REFRAIN FROM ATTEMPTING TO INFLUENCE OTHER DECISION-MAKERS RELATING TO THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, FORM 1023, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.