Moles Charitable Fund Inc
- Assets
- $1.3m
- Revenue
- $118.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-0549296
Organization Overview
Moles Charitable Fund Inc is located in Montvale, NJ. The organization was established in 2019. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moles Charitable Fund 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 12/2021, Moles Charitable Fund Inc generated $118.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.5% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FUND IS TO SOLICIT, ASSEMBLE, MANAGE AND ADMINISTER A CHARITABLE FUND, WHOSE PURPOSE WILL BE TO FURTHER THE GENERAL VISION AND PURPOSES OF THE MOLES. THIS WILL INCLUDE SUCH ELEEMOSYNARY PURPOSES, INCLUDING THE MAINTENANCE AND FUNDING OF SCHOLARSHIPS, INTERNSHIPS, EDUCATIONAL OUTREACH AND SUPPORT OF SAME, AND SUCH OTHER CHARITABLE PURPOSES THAT THE FUND SHALL DEEM CONSISTENT WITH THIS VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS:THE MOLES SCHOLARSHIP IS MADE AVAILABLE TO ACADEMICALLY QUALIFIED AND DESERVING STUDENTS AT THE PARTICIPATING COLLEGES AND UNIVERSITIES. RECIPIENTS WERE CHOSEN BY THE DEAN OF THEIR RESPECTIVE ENGINEERING SCHOOL. THERE IS NO REQUIREMENT OF THE STUDENT TO HAVE ANY RELATION TO ANY MOLE MEMBER OR TO ANY COMPANY FOR WHOM A MOLE MEMBER WORKS. DURING THE CALENDAR YEAR 2021, 5 SCHOLARSHIPS WERE ISSUED TO QUALIFIED STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Groark Director | OfficerTrustee | 8 | $0 |
Paul Schmall Chairman | OfficerTrustee | 1 | $0 |
Jeffery Levy Director | Trustee | 1 | $0 |
John F Mcnamara III Director | Trustee | 1 | $0 |
Michael F Mckenna Director | Trustee | 1 | $0 |
Jack Tobin Director | Trustee | 1 | $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 | $78,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,500 |
| Total Program Service Revenue | $0 |
| Investment income | $28,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,697 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $45,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,810 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,226,178 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,330,988 |
| 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 | $2,000 |
| Total liabilities | $2,000 |
| Net assets without donor restrictions | $1,328,988 |
| Net assets with donor restrictions | $0 |
| 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 | $1,330,988 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Moles Charitable Fund Inc has recieved totaling $12,150.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $7,150 |
D Annunzio Family Foundation Inc South Plainfield, NJ PURPOSE: SCHOLARSHIP FUNDS FOR EDUCATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tompkins Cortland Community College Foundation Dryden, NY | $60,556,305 | $8,680,534 |
The Lutheran Home At Kane Kane, PA | $8,299,845 | $10,193,303 |
Little Servant Sisters Woodbridge, NJ | $7,631,243 | $7,029,222 |
Little Sisters Of The Poor Of The City And County Of Philadelphia Philadelphia, PA | $10,759,268 | $7,956,134 |
International Service Fellowship Usa Upper Darby, PA | $20,365,794 | $7,523,822 |
Heritage Aflame Inc Bolivar, NY | $1,304,768 | $4,768,942 |
Society Of St Vincent De Paul Central Council Of Pittsburgh Pittsburgh, PA | $5,352,791 | $6,782,578 |
Jubilee Ministries Lebanon, PA | $10,567,390 | $8,013,168 |
Catholic Leadership Institute Malvern, PA | $22,337,149 | $8,205,889 |
Global Outreach Mission Inc Getzville, NY | $2,858,077 | $4,945,312 |
Peylim Lev Lachim lakewood, NJ | $4,589 | $4,953,588 |
Noor Uliman Schools Inc Monmouth Junction, NJ | $5,196,914 | $5,544,541 |