The Mulroy Scholarship Fund
- Assets
- $65.9k
- Revenue
- $21.5k
- Investments
- $63.5k
- Employees
- 0
- Location
- Marcellus, NY
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 16-6426024
Organization Overview
The Mulroy Scholarship Fund is located in Marcellus, NY. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mulroy Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Mulroy Scholarship Fund generated $21.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.2% each year . All expenses for the organization totaled $5.2k during the year ending 12/2021. While expenses have increased by 9.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUST INCOME IS USED TO PROVIDE SCHOLARSHIP AID TO ONE OR MORE GRADUATING STUDENTS AT MARCELLUS HIGH SCHOOL, MARCELLUS, NEW YORK, WHO SHOW AN INTEREST IN PURSUING MATHEMATICS OR SCIENCE IN COLLEGE. IN 2021, TWO SCHOLARSHIPS WERE AWARDED TO TWO GRADUATING STUDENTS; ONE FOR $1,000 AND ONE FOR $2,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Branson Jr Trustee | 0 | $0 | |
Dr Bruce Widger Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,762 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,245 |
| Capital Gain Net Income | $17,245 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,507 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,059 |
| Total operating and administrative expenses | $2,186 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $5,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,422 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $65,930 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Mulroy Scholarship Fund has awarded $3,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONNOR NOVAK PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
BENJAMIN WATLING PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |