Mochary Foundation Inc
- Assets
- $13.1m
- Revenue
- $724.9k
- Investments
- $12.5m
- Employees
- 0
- Location
- Montclair, NJ
- Founding
- 03/2009
- Data as of
- 08/2023
- EIN
- 41-2254108
Organization Overview
Mochary Foundation Inc is located in Montclair, NJ. The organization was established in 2009. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mochary Foundation Inc 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 08/2023, Mochary Foundation Inc generated $724.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $1.0m during the year ending 08/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOCHARY FOUNDATION PROMOTES VOCATIONAL, CAREER, AND LIFE READINESS THAT HELPS PEOPLE DEVELOP WORKFORCE SKILLS SUCH AS CONSTRUCTION WORK AND FARMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Mochary President & CEO | 5 | $0 | |
Chad Shultz Treasurer | 2 | $0 | |
Lawaia Naihe Manager | 40 | $26,923 | |
James Trujillo Head Of Operations | 40 | $16,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,433 |
| Interest on Savings | $0 |
| Dividends & Interest | $117,789 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,604 |
| Capital Gain Net Income | $7,604 |
| Net ST Capital Gain | $1,948 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$963 |
| Total Revenue | $724,863 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,719 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,611 |
| Printing and publications | $0 |
| Other expenses | $959,086 |
| Total operating and administrative expenses | $985,096 |
| Contributions, gifts, grants paid | $45,667 |
| Total expenses and disbursements | $1,030,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530,010 |
| Savings and temporary cash investments | $15,918 |
| 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 | $50,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,481,234 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,077,162 |
| Accounts payable and accrued expenses | $36,975 |
| 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 | $36,975 |
Grants Awarded
Over the last fiscal year, Mochary Foundation Inc has awarded $45,667 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DYLAN SCOTT PURPOSE: ECONOMIC NEED | $35,667 |
SUZANNA SMITH PURPOSE: ECONOMIC NEED | $10,000 |