Ny Molamerica Inc
- Assets
- -$35.5k
- Revenue
- $6.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 20-2014102
Organization Overview
Ny Molamerica Inc is located in Staten Island, NY. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. NY Molamerica 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 12/2022, NY Molamerica Inc generated $6.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $2.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (36.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE ORGANIZATION SPONSORS SPORTS PROGRAMS INCLUDING SOCCER.CONDUCTS EDUCATIONAL PROGRAMS FOR TEACHING THE ITALIAN LANGUAGE.CONDUCTS PROGRAMS FOR AWARENESS OF PRODUCTS AND SERVICES OF ITALIAN ORIGIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allegrino Sale President | 0 | $0 | |
Paolo Pesce Vice President | 0 | $0 | |
Leonardo Di Donna Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,850 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $2,100 |
| Total expenses and disbursements | $2,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$35,469 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | -$35,469 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ny Molamerica Inc has awarded $2,100 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CADUTI SUPERGA MOLA PURPOSE: CULTURE PROMOTION | $300 |
FESTA PATRONALE SS ADDOLORATA & A AVELLA - MOLA DI BARI PURPOSE: CULTURE PROMOTION | $300 |
MOLAMERICA FOUNDATION & T GUARD PURPOSE: CULTURE PROMOTION | $300 |
SI MOLESI CLUB PURPOSE: CULTURE PROMOTION | $300 |
MOLAMERICA SOCER TEAM PURPOSE: SPORT PROMOTION | $300 |
ST DOMINIC'S CHURCH PURPOSE: CHURCH CONTRIBUTION | $300 |