Nonprofit · EIN 93-4809893
MOLLOY FUTURE FUND INC
Tax-exempt · BRIARWOOD, NY 11435
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,595,742 | $15,060 | $3,580,682 | $3,723,712 | $0 | $3,723,712 |
| December 31, 2023 | 990 | $200,591 | $3,015 | $197,576 | $200,576 | $3,000 | $197,576 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,539,569
- Program service revenue
- $0
- Investment income
- $56,173
- Net gain from sales of assets
- $51,709
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,775
- Management and general (functional)
- $15,060
Balance sheet and other
- Total assets, start of year
- $200,576
- Total assets, end of year
- $3,723,712
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,723,712
- Publicly traded securities
- $608,232
- Net assets without donor restrictions
- $3,723,712
- Gross receipts
- $3,654,654
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2023
- State of legal domicile
- DE
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT MAINA | CHAIR Trustee or director, Officer | 5 | $0 |
| JOHN COSTER | DIRECTOR Trustee or director | 5 | $0 |
| PAUL KRISCHE | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT MAINA | CHAIR Trustee or director, Officer | 5 | $0 |
| JOHN COSTER | DIRECTOR Trustee or director | 5 | $0 |
| PAUL KRISCHE | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 138-44 QUEENS BOULEVARD 101, BRIARWOOD, NY 11435-2663
- Principal officer (990 for 2024)
- ROBERT MAINA, 138-44 QUEENS BOULEVARD 101, BRIARWOOD, NY 11435
- Signed the 990
- ROBERT MAINA, CHAIRMAN
- Phone
- (646) 328-9761
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
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.
Program accomplishments
- 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.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 93-4809893
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $3,723,712
- Income (IRS master file)
- $3,654,654
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,595,742 | $15,060 | $3,723,712 | IRS |
| 990 | December 2023 | $200,591 | $3,015 | $200,576 | XML |
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 93-4809893).
Questions about MOLLOY FUTURE FUND INC
- What is the EIN of MOLLOY FUTURE FUND INC?
- The employer identification number (EIN) of MOLLOY FUTURE FUND INC is 93-4809893.
- Is MOLLOY FUTURE FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to MOLLOY FUTURE FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOLLOY FUTURE FUND INC 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 MOLLOY FUTURE FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOLLOY FUTURE FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MOLLOY FUTURE FUND INC?
- The 990 for the year ended December 31, 2024 names ROBERT MAINA.
- Who are the officers and directors of MOLLOY FUTURE FUND INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MOLLOY FUTURE FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,595,742, expenses of $15,060 and total assets of $3,723,712 at year end.
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