2024-06-25T16:29:27-07:00 2023-08-31 462138125 FRANK J DECANDIDO CPA PLLC 90 WOODVALE LOOP STATEN ISLAND NY 10309 990 2022-09-01 471968972 Vir Fidelis Fund Inc VIRF 7189872900 2900 Amboy Road Staten Island NY 10306 Joseph Vaszily Chairman 2024-06-25 true Joseph Vaszily 999009999 true Frank J DeCandido CPA PLLC P00447195 3478386026 X 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Joseph Vaszily 2900 Amboy Road Staten Island NY 10306 429459 false X N/A X 2014 NY The Mission of the Vir Fidelis Fund, Inc. is to solicit, raise, and distribute funds for the academic, social, and sports programs at Monsignor Farrell High School. Funds will be raised through donations from alumni, parents, and friends by soliciation, letters, phone calls, dinners, sporting events, dances, luncheons, and other similar events. In addition, Grants to Monsignor Farrell High School include for Tuition Scholarships, Financial Aid, Bloomberg Ticker, and Loan Principle and Interest. 10 8 0 0 1247528 412195 0 45624 17264 18937 0 1312089 429459 951174 1422936 0 0 0 0 97638 105006 1048812 1527942 263277 -1098483 4691815 3767685 33019 42333 4658796 3725352 The Mission of the Vir Fidelis Fund, Inc. is to solicit, raise, and distribute funds for the academic, social, and sports programs at Monsignor Farrell High School. Funds will be raised through donations from alumni, parents, and friends by soliciation, letters, phone calls, dinners, sporting events, dances, luncheons, and other similar events. In addition, Grants to Monsignor Farrell High School include for Tuition Scholarships, Financial Aid, Bloomberg Ticker, and Loan Principle and Interest. false false 1422936 Grants to Monsignor Farrell High School - The total amount of Grants for the Year ended August 31, 2023 equaled $1,422,936. Tuition Scholarships $ 500,000Financial Aid $ 140,880Bloomberg Ticker $ 91,050Loan Principle and Interest $ 691,006Total Grants $1,422,936 72271 The purpose of the corporation is to solicit, raise, and distribute funds for the academic , social, and sports programs at Monsignor Farrell High School Funds will be raised through donations from alumni, parents, and friends by solicitation, letters, phone calls, dinners, sporting events, dances, luncheons, and other similar events. Expenses included Blackbaud maintenance, Postage and Shipping, Dues and Subscriptions, Travel and Meals, and Printing Expenses. 1495207 true true false false false false false false false false false false false false false false true false false false false false false false false false false true false false false false false false false false false false true false false false false false false false false true 1 0 true 0 false false false false false false false 0 false false false false false false false X 10 8 false false false false false false false false false false false true true true false true true false false false NY X Organization 7189872900 2900 Amboy Road Staten Island NY 10306 X Fr Louis Jerome Director 2.00 0.00 X 0 0 0 Lou Bergonzi Secretary 2.00 0.00 X X 0 0 0 Frank Sinatra Sr Director 2.00 0.00 X 0 0 0 Philip Geraci Director 2.00 0.00 X 0 0 0 Brendan Cameron Treasurer 2.00 0.00 X X 0 0 0 Jack McGowan Director 2.00 0.00 X 0 0 0 Chris Mitrovich Director 2.00 0.00 X 0 0 0 John Leone Vice Chairman 2.00 0.00 X X 0 0 0 Joseph Vaszily Chairman 2.00 0.00 X X 0 0 0 John Mascari Director 2.00 0.00 X 0 0 0 0 false false false 0 412195 412195 0 17264 17264 0 0 0 0 0 0 0 0 429459 17264 1422936 1422936 0 0 0 0 0 0 0 0 0 0 0 5990 5990 0 0 0 16000 16000 0 4308 4308 0 0 0 515 515 0 0 0 0 0 0 Blackbaud Maintenance 26100 26100 Printing and Publications 14443 14443 Postage and Shipping 13012 13012 Dues and subscriptions 9913 9913 14725 8288 6437 1527942 1495207 32735 0 461540 575958 0 1731719 937234 3425 9300 0 0 0 0 0 0 2467291 2218609 0 0 0 27840 26584 4691815 3767685 33019 39329 3004 33019 42333 X 4353795 3354068 305001 371284 4658796 3725352 4691815 3767685 -1098483 165039 X false true X false false X 640982 2130182 1292636 1247528 412196 5723524 51940 138204 71680 261824 0 0 0 692922 2268386 1292636 1319208 412196 5985348 0 0 5985348 98646 23705 200379 45624 17264 385618 0 98646 23705 200379 45624 17264 385618 0 0 791568 2292091 1493015 1364832 429460 6370966 0.93950 0.94190 0.06050 0.05810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 594498 165039 165039 429459 429459 1527942 1527942 1527942 false Monsignor Farrell High School 2900 Amboy Raod Staten Island NY 10306 270671459 91050 0 Cash Bloomberg Ticker Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 140880 0 Cash Financial Aid Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 500000 0 Cash Tuition Scholarships Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10309 270671459 691006 0 Cash Loan Principle and Interest 3 1 X 2 60000 false false false Form 990, Part VI, Section B, Line 11b Executive Director and Treasurer review the return. Form 990, Part VI, Section C, Line 19 No documents available to the public. Promises to Give Promises to GiveAs of August 31, 2023, the Fund has 100 promises to give totaling $4,210,000. Promises to give are allowed on either a quarterly or annual basis and are made on a four-year or five-year commitments. These promises to give are recorded at the present value of their estimated future cash flows using a discount rate of 3.5% over the period for which the promise to give is payable. Of the 100 Pledges, 43 Pledges have been fully collected; 6 Pledges have been partially written-off; 21 are current; and 30 are overdue.As of August 31, 2023, the gross Pledges Receivable amount was $1,073,800. The discount to record the promises to give at their net realizable value on August 31, 2022, was $79,399. The total Allowance for Doubtful Accounts on Pledges overdue was $57,167.The present value of promises to give at August 31, 2023, consists of the following anticipated payments: August 31, 2024 $736,267August 31, 2025 251,600August 31, 2026 82,6002027 and thereafter 3,333Subtotal 1,073,800Less: Discount on future payments ( 79,399)Less: Allowance for Doubtful Accounts ( 57,167)Total Net Promises to Give $ 937,234