Thomas E & Sharon J Malloy Foundation Inc
- Assets
- $17.9m
- Revenue
- $1.0m
- Investments
- $3.0m
- Employees
- 0
- Location
- Corona, CA
- Founding
- 02/2009
- Data as of
- 12/2021
- 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 12/2021, Thomas E & Sharon J Malloy Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $271.9k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION/IMPROVEMENT OF MUSUEM COLLECTION PIECES- VINTAGE CARS, BOOKS, VALUABLE HELMETS/TROPHIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin T Malloy CFO | 1 | $0 | |
Bridgett K Baril Secretary | 2 | $0 | |
Thomas E Malloy President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $831,262 |
| Interest on Savings | $35,947 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $140,443 |
| Capital Gain Net Income | $140,443 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,000 |
| Total Revenue | $1,011,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,514 |
| Depreciation | $2,208 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $55,217 |
| Printing and publications | $0 |
| Other expenses | $186,403 |
| Total operating and administrative expenses | $257,611 |
| Contributions, gifts, grants paid | $14,291 |
| Total expenses and disbursements | $271,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,057 |
| 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 | $2,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,332 |
| Other assets | $14,863,176 |
| Total assets | $17,881,863 |
| Accounts payable and accrued expenses | $2,249 |
| 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 | $2,249 |
Grants Awarded
Over the last fiscal year, Thomas E & Sharon J Malloy Foundation Inc has awarded $14,291 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CARRELL SPEEDWAY PURPOSE: CHARITY | $6,891 |
MAKE A WISH FOUNDATION PURPOSE: GENERAL NONSPECIFIC | $2,600 |
Bozeman, MT PURPOSE: GENERAL NONSPECIFIC | $1,800 |
DAVE DARLAND FUND PURPOSE: MEDICAL NEEDS | $1,000 |
DALSEN PURSELY FUND PURPOSE: MEDICAL NEEDS | $1,000 |
JOHN MITCHELL FUND PURPOSE: MEDICAL NEEDS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Hot Rod Association San Dimas, CA | $60,527,116 | $84,074,162 |
The Exploratorium San Francisco, CA | $264,783,310 | $48,557,720 |
Oakland Museum Of California Oakland, CA | $69,568,610 | $21,712,450 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |