MOLLOY FUTURE FUND INC

EIN: 934809893 501(c)(3) Education

BRIARWOOD, NY

Total Revenue
$200,591
Total Expenses
$3,015
Total Assets
$200,576
Net Assets
$197,576
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
DE
Principal Officer
ROBERT MAINA
Phone
6463289761
Tax Period
2023-10-18 to 2023-12-31

MOLLOY FUTURE FUND INC, founded in 2023, is a small nonprofit in the Education sector that reported $201K in total revenue in fiscal year 2023. The organization ran a surplus of $198K, a strong 98% operating margin.

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $200,000
Program Service Revenue $0
Investment Income $591
Other Revenue $0
TOTAL REVENUE $200,591

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $3,015
TOTAL EXPENSES $3,015

Year-over-Year Comparison

2023 2022 Change
Revenue $200,591 N/A N/A
Expenses $3,015 N/A N/A
Net Income $197,576 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT MAINA CHAIR 5.00
Officer Director
$0 $0 $0
JOHN COSTER DIRECTOR 5.00
Director
$0 $0 $0
PAUL KRISCHE DIRECTOR 5.00
Director
$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
2024 No data No data No data No data
2023 $200,591 $3,015 $200,576 $197,576
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