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Nonprofiteer
← COLUMBIAN FOUNDATION

Form 990 for tax year 2024

Filed by COLUMBIAN FOUNDATION.

Totals

Total revenue
$126,029
Total expenses
$97,307
Contributions and grants received
$18,684
Grants paid
$38,050
Program service revenue
$0
Investment income
$121,826
Other revenue
-$14,481
Total assets, end of year
$1,602,671
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,602,671
Program services expenses (Part IX)
$64,438
Management and general expenses
$27,264
Fundraising expenses
$5,605
Program service expenses (Part III)
$64,438

Program services were 66.2% 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

    $18,684

  • 3 · Investment income

    total $31,690 · excluded $31,690

  • 7a · Gross sales of assets other than inventory

    securities $90,136

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

    securities $0

  • 7c · Gain or loss

    securities $90,136

  • 7d · Net gain or loss

    total $90,136 · excluded $90,136

  • 8a · Fundraising events: gross income

    $76,480

  • 8b · Fundraising events: direct expenses

    $96,971

  • 8c · Net income from fundraising events

    total -$20,491 · excluded -$20,491

  • 9a · Gaming: gross income

    $12,300

  • 9b · Gaming: direct expenses

    $6,290

  • 9c · Net income from gaming

    total $6,010 · excluded $6,010

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $38,050 · program services $38,050

  • 11c · Fees: accounting

    total $11,283 · management and general $11,283

  • 11f · Fees: investment management

    total $14,683 · management and general $14,683

  • 13 · Office expenses

    total $939 · program services $921 · management and general $18

  • 14 · Information technology

    total $2,525 · program services $332 · fundraising $2,193

  • 19 · Conferences, conventions and meetings

    total $2,773 · program services $1,359 · management and general $55 · fundraising $1,359

  • 23 · Insurance

    total $2,103 · management and general $631 · fundraising $1,472

  • 24a · Other expenses: Columbus Day Parade

    total $19,349 · program services $19,349

  • 24b · Other expenses: Other General Expenses

    total $3,871 · program services $2,902 · management and general $388 · fundraising $581

  • 24c · Other expenses: Flag Raising Cermony

    total $1,525 · program services $1,525

  • 24d · Other expenses: Foreign Taxes Withheld

    total $150 · management and general $150

  • 24e · All other expenses

    total $56 · management and general $56

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $144,541 · end of year $135,825

  • 9 · Prepaid expenses and deferred charges

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

  • 11 · Investments: publicly traded securities

    beginning of year $1,270,833 · end of year $1,465,646

  • 27 · Net assets without donor restrictions

    beginning of year $1,416,574 · end of year $1,602,671

Mission and programs · 2024

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 $64,438 · Grants $38,050

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Livio Cioffi

    Chair

    Total calculated
    $0
    Hours/week
    10

  • Raymond Salerno

    President

    Total calculated
    $0
    Hours/week
    10

  • John Acunto

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • Anthony Iuso

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Mark Guarino

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Darren Rispoli

    Sergeant at Arms

    Total calculated
    $0
    Hours/week
    10

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

  • Seton Hall Law School

    $10,000

    Scholarship Assistance

  • Arianna's Angels

    $5,350

    Scholarship Assistance

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202533079349302768

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

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