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Nonprofiteer
← COLUMBIAN FOUNDATION

Form 990 for tax year 2022

Filed by COLUMBIAN FOUNDATION.

Totals

Total revenue
$84,691
Total expenses
$130,728
Contributions and grants received
$15,871
Grants paid
$86,325
Program service revenue
$0
Investment income
$68,610
Other revenue
$210
Total assets, end of year
$1,271,705
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,271,705
Program services expenses (Part IX)
$105,144
Management and general expenses
$20,018
Fundraising expenses
$5,566
Program service expenses (Part III)
$105,144

Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $15,871

  • 3 · Investment income

    total $23,400 · excluded $23,400

  • 7a · Gross sales of assets other than inventory

    securities $101,132

  • 7b · Less cost or other basis and sales expenses

    securities $55,922

  • 7c · Gain or loss

    securities $45,210

  • 7d · Net gain or loss

    total $45,210 · excluded $45,210

  • 8a · Fundraising events: gross income

    $102,162

  • 8b · Fundraising events: direct expenses

    $108,798

  • 8c · Net income from fundraising events

    total -$6,636 · excluded -$6,636

  • 9a · Gaming: gross income

    $16,200

  • 9b · Gaming: direct expenses

    $9,354

  • 9c · Net income from gaming

    total $6,846 · excluded $6,846

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $86,325 · program services $86,325

  • 11c · Fees: accounting

    total $6,000 · management and general $6,000

  • 11f · Fees: investment management

    total $12,890 · management and general $12,890

  • 13 · Office expenses

    total $1,082 · program services $1,060 · management and general $22

  • 23 · Insurance

    total $1,500 · management and general $450 · fundraising $1,050

  • 24a · Other expenses: COLUMBUS DAY PARADE

    total $8,375 · program services $8,375

  • 24b · Other expenses: BOARD MEETINGS

    total $7,133 · program services $3,495 · management and general $143 · fundraising $3,495

  • 24c · Other expenses: OTHER GENERAL EXPENSES

    total $5,132 · program services $3,849 · management and general $513 · fundraising $770

  • 24d · Other expenses: WEBSITE

    total $289 · program services $38 · fundraising $251

  • 24e · All other expenses

    total $2,002 · program services $2,002

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $62,159 · end of year $25,592

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,200 · end of year $1,200

  • 11 · Investments: publicly traded securities

    beginning of year $1,455,005 · end of year $1,244,914

  • 27 · Net assets without donor restrictions

    beginning of year $1,518,364 · end of year $1,271,705

Mission and programs · 2022

Mission

THE ORGANIZATION IS DEDICATED TO IMPROVING THE CULTURAL, EDUCATIONAL, AND SOCIAL WELFARE OF NEW JERSEY CITIZENS AND INSTITUTIONS WITH EMPHASIS ON ITALIAN CULTURE AND HERITAGE. THIS IS ACCOMPLISHED PRIMARILY THROUGH FUNDRAISING TO PROVIDE EDUCATIONAL SCHOLARSHIP GRANTS AND OTHER SUPPORTING GRANTS TO CHARITIES FOCUSING ON THOSE NEEDS.

  • THE COLUMBIAN FOUNDATION SUPPORTS VARIOUS LOCAL AND GLOBAL CHARITIES. SUPPORT WAS PROVIDED TO VARIOUS SCHOOLS, NONPROFIT MUSICAL ORGANIZATIONS, MEDICAL INSTITUTIONS AND CHILD SUPPORT ORGANIZATIONS SERVING LOCAL NEW JERSEY COMMUNITIES.

    Expenses $105,144 · Grants $86,325

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anthony Iuso

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • Mark R Guarino

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • John Centanni

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Raymond Salerno

    SERGEANT AT ARM

    Total calculated
    $0
    Hours/week
    3

  • Stephen Jandoli

    SERGEANT AT ARM

    Total calculated
    $0
    Hours/week
    3

  • Livio Cioffi

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Anthony Iacullo

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • RUTGERS NJ MEDICAL SCHOOL

    $50,000

    SCHOLARSHIP ASSISTANCE

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303209349302720

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