Thomas E & Sharon J Malloy Foundation Inc
- Assets
- $19.4m
- Revenue
- $196.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Corona, CA
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 42-1720334
Organization Overview
Thomas E & Sharon J Malloy Foundation Inc is located in Corona, CA. The organization was established in 2009. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas E & Sharon J Malloy Foundation 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 12/2023, Thomas E & Sharon J Malloy Foundation Inc generated $196.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $312.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION/IMPROVEMENT OF MUSEUM COLLECTION PIECES- VINTAGE CARS, BOOKS, VALUABLE HELMETS/TROPHIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Malloy President | 4 | $0 | |
Kevin T Malloy CFO | 1 | $0 | |
Bridgett K Baril Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $145,176 |
| Interest on Savings | $45,335 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,659 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $196,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,105 |
| Depreciation | $1,116 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $51,947 |
| Printing and publications | $0 |
| Other expenses | $234,234 |
| Total operating and administrative expenses | $308,607 |
| Contributions, gifts, grants paid | $3,700 |
| Total expenses and disbursements | $312,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,286 |
| 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 | $1,549 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $558 |
| Other assets | $17,157,622 |
| Total assets | $19,367,596 |
| Accounts payable and accrued expenses | $1,256 |
| 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 | $1,256 |
Grants Awarded
Over the last fiscal year, Thomas E & Sharon J Malloy Foundation Inc has awarded $3,700 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BLAIN MOTORSPORTS FOUNDATION PURPOSE: GENERAL NONSPECIFIC | $2,000 |
300SL FOUNDATION PURPOSE: NOVICE AWARD AWARD SPONSORSHIP | $600 |
300SL FOUNDATION PURPOSE: BLITZEN BENZ AWARD SPONSORSHIP | $600 |
COBRA OWNERS CLUB OF AMERICA ORANGE PURPOSE: SPONSOR COCOA OC CONCOURS JUNE 10-11, 2023 | $500 |