Totals
- Total revenue
- $133,614
- Total expenses
- $77,114
- Contributions and grants received
- $17,152
- Grants paid
- $33,800
- Program service revenue
- $0
- Investment income
- $130,120
- Other revenue
- -$13,658
- Total assets, end of year
- $1,416,574
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,416,574
- Program services expenses (Part IX)
- $49,980
- Management and general expenses
- $21,460
- Fundraising expenses
- $5,674
- Program service expenses (Part III)
- $49,980
Program services were 64.8% 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
$17,152
-
3 · Investment income
total $24,744 · excluded $24,744
-
7a · Gross sales of assets other than inventory
securities $105,376
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $105,376
-
7d · Net gain or loss
total $105,376 · excluded $105,376
-
8a · Fundraising events: gross income
$93,892
-
8b · Fundraising events: direct expenses
$114,520
-
8c · Net income from fundraising events
total -$20,628 · excluded -$20,628
-
9a · Gaming: gross income
$14,350
-
9b · Gaming: direct expenses
$7,380
-
9c · Net income from gaming
total $6,970 · excluded $6,970
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $25,000 · program services $25,000
-
2 · Grants to domestic individuals
total $8,800 · program services $8,800
-
11c · Fees: accounting
total $7,500 · management and general $7,500
-
11f · Fees: investment management
total $12,904 · management and general $12,904
-
13 · Office expenses
total $704 · program services $690 · management and general $14
-
23 · Insurance
total $2,150 · management and general $645 · fundraising $1,505
-
24a · Other expenses: Columbus Day Parade
total $9,600 · program services $9,600
-
24b · Other expenses: Other General Expenses
total $3,317 · program services $2,487 · management and general $332 · fundraising $498
-
24c · Other expenses: Board Meetings
total $3,239 · program services $1,587 · management and general $65 · fundraising $1,587
-
24d · Other expenses: Website
total $2,400 · program services $316 · fundraising $2,084
-
24e · All other expenses
total $1,500 · program services $1,500
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $25,592 · end of year $144,541
-
9 · Prepaid expenses and deferred charges
beginning of year $1,200 · end of year $1,200
-
11 · Investments: publicly traded securities
beginning of year $1,244,914 · end of year $1,270,833
-
27 · Net assets without donor restrictions
beginning of year $1,271,705 · end of year $1,416,574
Mission and programs · 2023
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 $49,980 · Grants $33,800
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Livio Cioffi
President
- Total calculated
- $0
- Hours/week
- 3
-
Anthony Iacullo Esq
First Vice President
- Total calculated
- $0
- Hours/week
- 3
-
Anthony Iuso
Treasurer
- Total calculated
- $0
- Hours/week
- 6
-
Mark R Guarino
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Michael V Calabro Esq
Chairman of the Board
- 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
$25,000
Scholarship Assistance
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423239349301112
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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