Mohonasen Foundation For Excellence is located in Schenectady, NY. The organization was established in 1998. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Mohonasen Foundation For Excellence 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 12/2023, Mohonasen Foundation For Excellence generated $28.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $12.4k during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
FUNDING OF MXG EXPO GAMING EQUIPMENT FOR 100 STUDENTS IN GRADES 9-12
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Marshman President | 1 | $0 | |
Kevin Cummings Vice President | 0.5 | $0 | |
John Gahan Jr Treasurer | 3 | $0 | |
Arlene Disiena Director - Grant Chair | 1 | $0 | |
Mary Kay Komarinski Director | 0.5 | $0 | |
Bridget Craver Director - Newsletter Editor | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,123 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,896 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,357 |
| Other Revenue | $0 |
| Total Revenue | $28,376 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $401 |
| Other expenses | $1,499 |
| Total expenses | $12,365 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $132,406 |
| Other assets | $0 |
| Total assets | $132,406 |
| Total liabilities | $0 |
| Net assets or fund balances | $132,406 |