2025-07-09T12:40:53-07:00 2024-08-31 462138125 FRANK J DECANDIDO CPA PLLC 90 WOODVALE LOOP STATEN ISLAND NY 10309 990 2023-09-01 471968972 Vir Fidelis Fund Inc VIRF 7189872900 2900 Amboy Road Staten Island NY 10306 Joseph Vaszily Chairman 2025-07-09 true true Frank J DeCandido CPA PLLC P00447195 3478386026 X 2023 2025-03-06 01:10:19Z Joseph Vaszily 2900 Amboy Road Staten Island NY 10306 1113533 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. 9 8 0 0 412195 875769 0 17264 94389 73656 429459 1043814 1422936 948096 0 0 0 0 105006 119511 1527942 1067607 -1098483 -23793 3767685 4007981 42333 5322 3725352 4002659 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 948096 Grants to Monsignor Farrell High School - The total amount of Grants for the Year ended August 31, 2024 equaled $948,096. Tuition Scholarships $ 118,900Financial Aid $ 27,410Bloomberg Ticker $ 76,230Loan Principle and Interest $ 683,886Fitness Center $ 2,700Tysen Field $ 38,970Total Grants $ 948,096 56713 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. 1004809 true true false false false false false false false false false false false false false false true false false false false false false false true 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 9 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 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 875769 100005 875769 0 94389 94389 0 0 0 0 143375 69719 73656 0 0 0 1043814 94389 948096 948096 0 0 0 0 0 0 0 0 0 0 0 8528 8528 0 0 0 16000 16000 0 1780 1780 0 0 0 2039 2039 0 0 0 0 0 0 Bad Debt Expense 32433 32433 Blackbaud Maintenance 21750 21750 Postage and Shipping 14706 14706 Printing and Publications 14260 14260 8015 3958 4057 1067607 1004809 62798 0 575958 115084 0 937234 687943 9300 0 0 0 0 0 0 0 2218609 3204954 0 0 0 26584 0 3767685 4007981 39329 518 3004 4804 42333 5322 X 3354068 3558135 371284 444524 3725352 4002659 3767685 4007981 -23793 301100 X false true X false false X 2130182 1292636 1247528 412196 875769 5958311 138204 71680 143375 353259 0 0 0 2268386 1292636 1319208 412196 1019144 6311570 0 0 6311570 23705 200379 45624 17264 94389 381361 0 23705 200379 45624 17264 94389 381361 0 0 2292091 1493015 1364832 429460 1113533 6692931 0.94300 0.93950 0.05700 0.06050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1344914 301100 301100 1043814 1043814 1067607 1067607 1067607 false Vir Fidelis Gala Ball 105038 105038 26050 41568 Bocce Tournament 22762 22762 2101 1 15575 15575 143375 143375 26050 43669 69719 73656 false Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 118900 0 Cash Tuition Scholarships Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 27410 0 Cash Financial Aid Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 38970 0 Cash Tysen Field Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 683886 0 Cash Loan Principle and Interest Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 76230 0 Cash Bloomberg Ticker 3 2 X 2 100005 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, 2024, the Fund has 102 promises to give totaling $4,560,000. 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 between 3.5% and 4.369% over the period for which the promise to give is payable. Of the 102 Pledges, 48 Pledges have been fully collected; 6 Pledges have been partially written-off; 13 are current; and 35 are overdue. The total overdue balance totals $290,600 as of August 31, 2024.As of August 31, 2024, the gross Pledges Receivable amount was $846,008, a decrease of $227,792 from August 31, 2023. The discount to record the promises to give at their net realizable value on August 31, 2024, was $68,466. The total Allowance for Doubtful Accounts on Pledges overdue was $89,600.The present value of promises to give at August 31, 2024, consists of the following anticipated payments: August 31, 2025 $541,450August 31, 2026 160,600August 31, 2027 73,9582028 and thereafter 70,000Subtotal 846,008Less: Discount on future payments ( 68,466)Less: Allowance for Doubtful Accounts ( 89,600)Total Net Promises to Give $ 687,942