2026-07-02T17:20:15-07:00 2025-08-31 462138125 FRANK J DECANDIDO CPA PLLC 90 WOODVALE LOOP STATEN ISLAND NY 10309 990 2024-09-01 471968972 Vir Fidelis Fund Inc VIRF 7189872900 2900 Amboy Road Staten Island NY 10306 Joseph Vaszily Chairman 2026-07-02 true true Frank J DeCandido CPA PLLC P00447195 3478386026 X 2024 2025-03-06 01:10:19Z Joseph Vaszily 2900 Amboy Road Staten Island NY 10306 1037204 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 875769 947548 0 94389 89656 73656 0 1043814 1037204 948096 1866539 0 0 0 0 119511 213964 1067607 2080503 -23793 -1043299 4007981 3217199 5322 34807 4002659 3182392 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 1866539 Grants to Monsignor Farrell High School - The total amount of Grants for the Year ended August 31, 2025 equaled $1,866,539. Tuition Scholarships and Financial Aid $ 304,720Bloomberg Ticker $ 19,935Loan Principle and Interest $ 641,884Air Conditioning $ 400,000Operational Grants $ 500,000Total Grants $1,866,539 123508 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, Student Gifts/Supplies, and Printing Expenses. 1990047 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 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 947548 45487 947548 0 89656 89656 0 0 0 0 0 0 0 0 1037204 89656 1866539 1866539 0 0 0 0 0 0 0 0 0 0 0 7245 7245 0 0 0 16000 16000 0 6460 6460 0 0 0 0 0 0 0 0 0 0 Bad Debt Expense 54350 54350 Printing and Publications 41329 41329 Blackbaud Maintenance 36203 36203 Travel and Meetings 35637 35637 16740 10339 6401 2080503 1990047 90456 0 115084 58006 0 687943 487772 0 0 0 0 0 27581 0 3204954 2643840 0 0 0 0 4007981 3217199 518 34807 4804 5322 34807 X 3558135 2858527 444524 323865 4002659 3182392 4007981 3217199 -1043299 223032 X false true X false false X 1292636 1247528 412196 875769 947548 4775677 71680 143375 25749 240804 0 0 0 1292636 1319208 412196 1019144 973297 5016481 0 0 5016481 200379 45624 17264 94389 89656 447312 0 200379 45624 17264 94389 89656 447312 0 0 1493015 1364832 429460 1113533 1062953 5463793 0.91810 0.94300 0.08190 0.05700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1260236 223032 223032 1037204 1037204 2080503 2080503 2080503 false Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 19935 0 Cash Bloomberg Ticker Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 304720 0 Cash Tuition Scholarships/ Financial Aid Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 400000 0 Cash Air Conditioning Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 500000 0 Cash Operational Grants Monsignor Farrell High School 2900 Amboy Road Staten Island NY 10306 270671459 641884 0 Cash Loan Principle and Interest 2 3 X 2 45487 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, 2025, the Fund has 109 promises to give totaling $4,905,000. 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 109 Pledges, 56 Pledges have been fully collected; 6 Pledges have been partially written-off; 13 are current; and 34 are overdue. The total overdue balance totals $146,950 as of August 31, 2025.As of August 31, 2025, the gross Pledges Receivable amount was $710,050, a decrease of $135,958 from August 31, 2024. The discount to record the promises to give at their net realizable value on August 31, 2025, was $78,328. The total Allowance for Doubtful Accounts on Pledges overdue was $143,950.The present value of promises to give at August 31, 2025, consists of the following anticipated payments: August 31, 2026 $351,550August 31, 2027 148,000August 31, 2028 139,0002029 and thereafter 71,500Subtotal 710,050Less: Discount on future payments ( 78,328)Less: Allowance for Doubtful Accounts (143,950)Total Net Promises to Give $ 487,772At August 31, 2025, five donors accounted for 62% of total promises to give and for the year ended August 31, 2024, five donors accounted for 71% of total promises to give.