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Nonprofiteer
← CELANI FAMILY FOUNDATION INC

Form 990 for tax year 2022

Filed by CELANI FAMILY FOUNDATION INC.

Totals

Total revenue
$1,235,419
Total expenses
$896,212
Contributions and grants received
$1,716,947
Grants paid
$845,750
Program service revenue
$0
Investment income
-$12,501
Other revenue
-$469,027
Total assets, end of year
$1,182,673
Total liabilities, end of year
$90,647
Net assets or fund balances, end of year
$1,092,026
Program services expenses (Part IX)
$845,750
Management and general expenses
$50,462
Fundraising expenses
$0
Program service expenses (Part III)
$845,750

Program services were 94.4% 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.

  • 1c · Fundraising events

    $1,684,280

  • 1f · All other contributions, gifts and grants

    $32,667

  • 3 · Investment income

    total $40,159 · excluded $40,159

  • 7a · Gross sales of assets other than inventory

    securities $691,002

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

    securities $743,662

  • 7c · Gain or loss

    securities -$52,660

  • 7d · Net gain or loss

    total -$52,660 · excluded -$52,660

  • 8a · Fundraising events: gross income

    $330,100

  • 8a · Fundraising events: contributions included on line 1c

    $1,684,280

  • 8b · Fundraising events: direct expenses

    $799,127

  • 8c · Net income from fundraising events

    total -$469,027 · excluded -$469,027

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $845,750 · program services $845,750

  • 11b · Fees: legal

    total $355 · management and general $355

  • 11c · Fees: accounting

    total $2,900 · management and general $2,900

  • 11f · Fees: investment management

    total $3,254 · management and general $3,254

  • 13 · Office expenses

    total $43,158 · management and general $43,158

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $745 · management and general $745

  • 24b · Other expenses: LICENSES, PERMITS & FEE

    total $50 · management and general $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $82,153 · end of year $101,290

  • 4 · Accounts receivable

    beginning of year $17,084 · end of year $53,852

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,765

  • 12 · Investments: other securities

    beginning of year $654,829 · end of year $1,027,531

  • 17 · Accounts payable and accrued expenses

    end of year $78,171

  • 25 · Other liabilities

    beginning of year $678 · end of year $12,476

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $794,153 · end of year $1,092,026

Mission and programs · 2022

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO THE UNDERPRIVILEGED AS WELL AS BRING AWARENESS TO THE ISSUES FACING THE UNDERPRIVILEGED, ESPECIALLY UNDERPRIVILEGED CHILDREN.

  • TO PROVIDE THANKSGIVING DINNERS TO THE UNDERPRIVILEGED IN DETROIT AND THE SURROUNDING COMMUNITIES

    Expenses $203,000 · Grants $203,000

  • TO FUND OTHER CHARITABLE ORGANIZATIONS FOR EDUCATIONAL, CHARITABLE OR RELIGIOUS PURPOSES OR PUBLIC WELFARE, INCLUDING BUT NOT LIMITED TO THE EDUCATION AND AWARENESS OF ISSUES FACING THE UNDERPRIVILEGED

    Expenses $642,750 · Grants $642,750

As filed on the 2022 return.

Listed in Part VII

  • Thomas Celani

    PRESIDENT, SECRETARY, DIRE

    Total calculated
    $0
    Hours/week
    2

  • Vicki Celani

    TREASURER, DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Olivia Celani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202303109349304150

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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