Mobis Corporation

Nonprofit profile at a glance

EIN
136077216
IRS 990 coverage
2023–2023
Forms available
Form 990 2023, Form 990-N 2022
Location
New York, NY, USA
Phone
9143818900
Rating confidence
Limited

Reported finances

Revenue
$0
Expenses
$845,663
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • CAROLINE PORTER (DIRECTOR AND PRESIDENT)
  • MAUREEN MCCARTHY (DIRECTOR AND VICE-PRESIDENT)
  • ANNE-HELENE MONSELLATO (VICE PRESIDENT)

People named in this filing

  • CAROLINE PORTER (DIRECTOR AND PRESIDENT)
  • MAUREEN MCCARTHY (DIRECTOR AND VICE-PRESIDENT)
  • KAREN ALTUZARRA (DIRECTOR, SECRETARY AND TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mobis corporation ("mobis") is an exempt title holding company under section 501(c)(2) of the internal revenue code.

What it reported doing in 2023

Mobis is an exempt title holding company. The sole activity of mobis has been to hold title to real property, a building in paris used by mobis' sole shareholder, the mona bismarck american center for art and culture, inc. (the "foundation"), for its direct charitable activities. The building was sold on september 14, 2023. The board of directors and shareholder of mobis approved the dissolution of mobis on august 14, 2024, and the certificate of dissolution was filed with the New York state department of state division of corporations on september 4, 2024. As required, a copy of the certificate and filing receipt is attached. All remaining assets were transferred to the foundation. Refer to schedule n and part xi, line 9.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 8
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 1 filing year from 2023
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.