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Molloy Memorial Scholarship

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 412135755 ✦ Portsmouth, RI ✦ Designated as a 501(c)(3)

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Overview

What is Molloy Memorial Scholarship?

The Molloy Memorial Scholarship is a yearly grant awarded to a deserving student graduating from Durfee High School in Fall River, Massachusetts. Valued at $400, this scholarship is a singular offering, showcasing the organization's commitment to supporting local education. Based in Portsmouth, RI, the Molloy Memorial Scholarship contributes to the community by providing financial assistance to a deserving individual, thereby contributing to their academic growth.

Is Molloy Memorial Scholarship legitimate?

Molloy Memorial Scholarship is a legitimate nonprofit organization registered as a 501(c)(3) entity. Molloy Memorial Scholarship submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Molloy Memorial Scholarship?

The Molloy Memorial Scholarship is designed to honor its namesake by providing a $400 scholarship annually to a deserving student graduating from Durfee High School in Fall River, MA. While the mission statement is not explicitly stated, the purpose of the scholarship can be inferred as aiming to support and encourage academic achievement for deserving students, fostering educational opportunities and recognizing notable students from the Durfee High School community. The scholarship is administered annually, with the location of the organization being based in Portsmouth, RI.

Who is the CEO of Molloy Memorial Scholarship?

Gerard Roy is the Trustee of Molloy Memorial Scholarship.

What is the revenue of Molloy Memorial Scholarship?

Molloy Memorial Scholarship's revenue in 2022 was $0.

Who are the executives of Molloy Memorial Scholarship and what are their salaries?


Here are 5 key members and their salaries:


William Molloy (Trustee Donor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerard Roy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Boyle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Marie Prescott (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Mccarthy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Molloy Memorial Scholarship?

Molloy Memorial Scholarship's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Molloy Memorial Scholarship

The Molloy Memorial Scholarship is an annual award program that seeks to recognize and support a deserving student from Durfee High School in Fall River, Massachusetts. Established with a scholarship of $400, this initiative offers one scholarship opportunity each year. The Molloy Memorial Scholarship is committed to recognizing the achievements and potential of its recipients, providing them with a financial boost as they embark on their post-secondary education journey.

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Impact




October, 2024

The Molloy Memorial Scholarship makes a significant impact by providing financial support to a graduating student from Durfee High School in Fall River, MA. Awarding $400 annually, the scholarship helps alleviate some of the costs associated with pursuing higher education. This contribution not only recognizes academic achievement and dedication but also encourages students to continue their education and pursue their goals. By focusing on a specific community, the scholarship fosters local pride and serves as a motivational tool for future graduates, highlighting the importance of educational attainment. The Molloy Memorial Scholarship plays a vital role in shaping the futures of students, demonstrating the power of community support in promoting academic success.




This information is meant to be a general summary of Molloy Memorial Scholarship. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$0 (2022)
Expenses
$3,585 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

    Assets and Liabilities:

    • Total Assets: $16,435
    • Total Liabilities: $0
    • Net Assets: $16,435

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    Organization Details

    Principal Officer

    Gerard Roy

    Main Address

    28 HALL RD, PORTSMOUTH, RI, 028711702

    NTEE Category

    Code: T30 - Philanthropy

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