Molony Foundation
- Assets
- $4.7m
- Revenue
- $314.6k
- Investments
- $3.7m
- Employees
- 0
- Location
- Bernard, IA
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-4869856
Organization Overview
Molony Foundation is located in Bernard, IA. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Molony Foundation 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 12/2022, Molony Foundation generated $314.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $281.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Molony Foundation has awarded 70 individual grants totaling $324,360. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anastasia Molony-Klimek President/treasurer/director | 40 | $84,000 | |
David Klimek Vice-President/director | 10 | $6,500 | |
Jeffrey S Billings Secretary/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,083 |
| Interest on Savings | $1 |
| Dividends & Interest | $75,064 |
| Net Rental Income | $22,433 |
| Net Gain on Sale of Assets | $113,053 |
| Capital Gain Net Income | $113,053 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $314,634 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $19,422 |
| Interest | $0 |
| Taxes | $3,332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,698 |
| Printing and publications | $0 |
| Other expenses | $29,064 |
| Total operating and administrative expenses | $182,761 |
| Contributions, gifts, grants paid | $99,175 |
| Total expenses and disbursements | $281,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30 |
| Savings and temporary cash investments | $337,850 |
| 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 | $610,937 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,145,004 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,646 |
| Total assets | $4,724,790 |
| 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 | $1,068 |
| Total liabilities | $1,068 |
Grants Awarded
Over the last fiscal year, Molony Foundation has awarded $99,175 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE | $500 |
AVERY FOUNDATION PURPOSE: CHARITABLE | $2,500 |
BERNARD FIRE DEPARTMENT PURPOSE: CHARITABLE | $1,000 |
CALLIE LYNCH PURPOSE: COLLEGE SCHOLARSHIP FOR ATTENDING ST AMBROSE UNIVERSITY | $2,500 |
COMMUNITY SOLUTIONS OF EASTERN IOWA PURPOSE: CHARITABLE | $5,000 |
DIVINE WORD COLLEGE SEMINARY PURPOSE: CHARITABLE | $10,000 |