NonprofitsMoynihan Scholarship Fund Inc

Education

Moynihan Scholarship Fund Inc

NEW YORK, NY

Total revenue

$226K

Total expenses

$223K

Net assets

$2.4M

Grants received

$3.5M

7 grants

EIN

822444864

Tax year

2023

Mission

The moynihan scholarship fund, inc. ("msf") supports the education and development of students in new york state and facilitates their exposure to accounting and business careers. Msf offers scholarships for accounting students based on financial need and academic performance.

Programs

1 program

The career opportunities in the accounting profession (coap) program is a summer program hosted at college campuses across new york state and funded by msf. Msf provides scholarships to participants of the coap program for the pursuit of higher-education degrees in accounting.the coap program is open to all, regardless of race, color, national origin, or sex. Recruitment focuses on groups historically underrepresented in the accounting profession. It aims to excite and inform student participants about careers in accounting and provide opportunities to interact with successful role models while gaining exposure to the corporate environment. The first coap program was offered at pace university in 1987, and programs have expanded significantly with more than 97 students participating at various colleges accross the state in fiscal year 2023/24. Since the program's inception over 4,372 students have graduated from the coap program. Many of these students have gone on to pursue careers in accounting or business. During the program, which lasts three to five days, high school students experience college life and learn about the accounting profession through trips to local cpa firms and corporate finance departments. They also participate in specifically designed workshops and classes that teach them personal development, communication skills, business ethics, and interviewing skills. Students are accepted to the program through an application process overseen by the new york state society of cpas. Msf awarded 2 coap scholarships in the 2023/2024 fiscal year.

Expenses: $40KGrants: $4K

Financials

FY 2023

Revenue

Contributions & grants$69K
Program service revenue
Investment income$157K
Other revenue
Total revenue$226K

Expenses

Grants paid$159K
Salaries & benefits
Fundraising$587
Other expenses$64K
Total expenses$223K
Total assets$2.8M
Net assets$2.4M

People

12 listed

NameRoleCompensation

EDWARD ARCARA

PRESIDENT

Board

1 hrs/wk

KEVIN O'LEARY

TRUSTEE

Board

1 hrs/wk

MICHAEL DURANT

TRUSTEE

Board

1 hrs/wk

MICHAEL SANGREGORIO

TRUSTEE

Board

1 hrs/wk

NADIA MATTHIE

TRUSTEE

Board

1 hrs/wk

RUMBI PETROZELLO

PRESIDENT-ELECT

Board

1 hrs/wk

TIMOTHY J HAMMOND

SECRETARY/TREASURER

Board

1 hrs/wk

WILLIAM AIKEN

TRUSTEE

Board

1 hrs/wk

AMY WILLIAMS

CHIEF OPERATING OFFICER

Board

3 hrs/wk

CALVIN HARRIS JR

CHIEF EXECUTIVE OFFICER

Board

3.4 hrs/wk

PATRICK PAYANO

CHIEF FINANCIAL OFFICER

Board

1 hrs/wk

REVIRA BRENNAN

OUTGOING CHIEF OPERATING OFFICER

Board

3.4 hrs/wk

Grants received

Showing 7 of 7

FromAmountPurposeYear
$261K
AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE
2022
$18K
PROVIDING EDUCATION SCHOLARSHIPS
2022
$3K
UHY DONATION - SUPPORT FOR MISSION
2022
$268K
AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE
2021
$255K
AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE
2020
$2.7M
AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.
2019
$60K
AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE
2019

Funded by

$3.5M from 4 funders · 7 grants · 2019–2022

The New York State Society Of Certified

$844K · 4 grants · 2019–2022

Uhy Cares Ny Inc

$3K · 1 grant · 2022

Details

EIN822444864
NTEE codeB82
Subsection03
Ruling date2018-09
Formed2017
Employees0
Volunteers36
MOYNIHAN SCHOLARSHIP FUND INC — Mission, Financials & Grants Received | Grantivo