Robert H Mollohan Family Charitable Foundation Inc
- Assets
- $1.1m
- Revenue
- $111.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Fairmont, WV
- Founding
- 02/2001
- Data as of
- 12/2020
- EIN
- 54-1999671
Organization Overview
Robert H Mollohan Family Charitable Foundation Inc, operating under the name Robert H Mollohan Family Chari, is located in Fairmont, WV. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Robert H Mollohan Family Chari 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 12/2020, Robert H Mollohan Family Chari generated $111.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $88.8k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES OPPORTUNITIES FOR STUDENTS THROUGH VARIOUS SCHOLARSHIPS AND STUDENT PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIPS AND LOANS TO NEED BASED STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Tipson Director | Trustee | 0 | $0 |
Randall West Director | Trustee | 0 | $0 |
Kathryn Mollohan Nelson Director | Trustee | 0 | $0 |
Eleanor Smalley Director | Trustee | 0 | $0 |
John Tiano Director | Trustee | 0 | $0 |
James Estep Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,374 |
| Noncash contributions included in lines 1a–1f | $37,374 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,374 |
| Total Program Service Revenue | $0 |
| Investment income | $73,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,330 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11 |
| Information technology | $2,328 |
| Royalties | $0 |
| Occupancy | $37,374 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,234 |
| Insurance | $599 |
| All other expenses | $70 |
| Total functional expenses | $88,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,806 |
| Inventories for sale or use | $20,183 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,033 |
| Investments—publicly traded securities | $1,030,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,101,396 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $837,777 |
| Net assets with donor restrictions | $263,619 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,101,396 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Robert H Mollohan Family Charitable Foundation Inc has recieved totaling $63,627.
| Awarding Organization | Amount |
|---|---|
West Virginia High Technology Consortium Foundation Fairmont, WV PURPOSE: OFFICE SPACE FOR SCHOLARSHIP AND INTERNSHIP DOCUMENTATION STORAGE AND MEETING SPACE | $63,627 |
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|---|---|---|
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Miller School Of Albermarle Charlottesville, VA | $35,553,057 | $8,965,798 |
Charter Schools Development Corporation Hanover, MD | $137,072,204 | $25,530,553 |
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Bowling Green Warren County Primary Care Center Inc Bowling Green, KY | $15,935,520 | $7,530,325 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Robert Benjamin Wiley Community Charter School Erie, PA | $5,943,995 | $8,110,042 |
Penn State Research Foundation University Park, PA | $6,671,003 | $8,076,994 |
Laboratory School Of Communication And Languages Charter School Philadelphia, PA | $3,916,800 | $10,863,500 |