The Molly Fitzgerald Memorial Fund Inc

Nonprofit profile at a glance

EIN
208703272
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Marshfield, MA, USA
Phone
6177193697
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$75,993
Expenses
$68,027
Assets
$322,093
Liabilities
$1,020

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • JAMES J FITZGERALD (PRESIDENT)

People named in this filing

  • JAMES J FITZGERALD (PRESIDENT)
  • CATHERINE FITZGERALD (CLERK)
  • MARY ELLEN MCGOLDRICK (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide funds for youth enrichment, community service programs and a college scholarship program for high school students of the town of marshfield, Massachusetts.

What it reported doing in 2024

Youth enrichment and community service to residents of the town of marshfield was served by a donation 2,000 to support "grad nite live" for a safe evening of fun after the marshfield high school graduation. A contribution of 5,060 was made to support the town of marshfield boys and girls sports teams. A contribution of 3,000 to sowing seeds of marshfield for neighbors helping neighbors program, and 9,000 to the marshfield food pantry. Also, 7,500 was donated to the marshfield boys & girls club. And 500 for carolina hill homeless shelter residents to attend the marshfield fair. Continued funding of 6,145 for the maintenance and holiday decorations of 2,953 for dandelion park in downtown marshfield. Contributions were made to the daniel webster school - pumpkin run for 500 and the marshfield food cook off for 500 the scholarship program for deserving town of marshfield high school students that was previously established was continued grantng 3,000 in total to assist college bound students to finance their higher education.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 47% for direct work, and 53% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 82
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.8%; rating input score 86
  • Program expense ratio: 92.4%; rating input score 92

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 10.5%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 4.73; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 1.5% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 7.2% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 85.8% of revenue deployed · 92.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $63K in reported program spending
  • Leadership: top reported pay $0 · 19 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.