philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Columbian Foundation FY2023 filing

Tax-deductible

Pompton Plns, NJ501(c)(3)Foundations & Grantmakers EIN 22-1989868Revenue $134K in FY2023

On file with the IRScolumbianfoundation.com190 Boulevard, 07444-2018 · Pompton Plns, NJTax-exempt since Feb 1951

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $2K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
Looks good: 22.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$134K
+58% vs prior year
Spent
$77K
To programs
65%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$134K
FY2023▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2020$43K
FY2021$51K
FY2022$85K
FY2023$134K
FY2024$126K
Expenses
$77K
FY2023▼ -41%
Tap a bar for its year
Expenses by fiscal year
FY2020$77K
FY2021$67K
FY2022$131K
FY2023$77K
FY2024$97K
Net assets
$1.4M
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.3M
FY2023$1.4M
FY2024$1.6M

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1951.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $50K Management & general 28% · $21K Fundraising 7% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Livio Cioffi
President
$0Pt VII · Sec A
Anthony Iacullo ESQ.
First Vice President
$0Pt VII · Sec A
Anthony Iuso
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael V Calabro ESQ.
Chairman of the Board
$0Pt VII · Sec A
See Columbian Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds scholarships and grants to support Italian culture, education, and social welfare in New Jersey.

Questions for Columbian Foundation

Tap to ask. Columbian Foundation sees how many people are interested.

Your first name shows with your question. Columbian Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $50K · in their own filed words · FY2023
01

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.

$50Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $131K · 2020–2024
Seton Hall Law SchoolFY2024$10,000
Ariannas Angels INCNJ · FY2024$5,350
Rutgers NJ Medical SchoolFY2023$25,000
Unitemized GrantFY2023$8,800
Rutgers NJ Medical SchoolFY2022$50,000
St Jude Children's Research Hospital INCTN · FY2021$6,800
Seton Hall UniversityNJ · FY2020$25,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$134K
Ln 12
Investment incomeLn 3$130K
Gifts and grantsLn 1h$17K
Money outPt IX
$77K
Ln 25
Programscol B$50K
Managementcol C$21K
Fundraisingcol D$6K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Investment incomeLn 3$130K
Gains on assetsLn 7$105K
Total revenueLn 12$134K
Assets in detailPt X, end of year
SavingsLn 2$145K
Cash and savings togetherLn 1–2$145K
InvestmentsLn 11–13$1.3M
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 51
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$26K$145K
InvestmentsLn 11–13$1.2M$1.3M
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.3M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Grants to domestic individualsLn 2$9K$9K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$13K$13K
Office expensesLn 13$704$690$14
InsuranceLn 23$2K$645$2K
Other expenses (24a–d)Ln 24$19K$14K$397$4K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$77K$50K$21K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $126K$97K$29K$1.6M 990 PDF
FY2023 Viewing $134K$77K$56K$1.4M 990 PDF
FY2022 $85K$131K−$46K$1.3M 990 PDF
FY2021 $51K$67K−$16K$1.5M 990 PDF
FY2020 $43K$77K−$35K$1.3M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $133,614 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,871$17,152
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $68,610$130,120
I-11 Other revenuePrior year $210−$13,658
I-12 Total revenuePrior year $84,691$133,614
I-13 Grants and similar amounts paidPrior year $86,325$33,800
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $44,403$43,314
I-18 Total expensesPrior year $130,728$77,114
I-19 Revenue less expensesPrior year −$46,037$56,500
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $133,614 across 6 lines filed
Lines not itemized here account for $6,970 of total revenue; see the IRS return.
VIII-1b Membership dues$17,152
VIII-1h Total contributions, gifts and grants$17,152
VIII-3 Investment incomeExcluded from tax $24,744$24,744
VIII-7 Net gain or loss on sales of assetsExcluded from tax $105,376$105,376
VIII-8 Net income from fundraising eventsExcluded from tax −$20,628−$20,628
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $116,462$133,614
Part IX · Statement of functional expenses $77,114 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $25,000$25,000
IX-2 Grants to domestic individualsPrograms $8,800$8,800
IX-11c Accounting feesManagement $7,500$7,500
IX-11f Investment management feesManagement $12,904$12,904
IX-13 Office expensesPrograms $690 · Management $14$704
IX-23 InsuranceManagement $645 · Fundraising $1,505$2,150
IX-24 Other expenses (24a–d)Programs $13,990 · Management $397 · Fundraising $4,169$18,556
IX-24e All other expensesPrograms $1,500$1,500
IX-25 Total functional expensesPrograms $49,980 · Management $21,460 · Fundraising $5,674$77,114
Part X · Balance sheet $1,416,574 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $25,592$144,541
X-9 Prepaid expenses and deferred chargesStart of year $1,200$1,200
X-11 Publicly traded securitiesStart of year $1,244,914$1,270,833
X-16 Total assetsStart of year $1,271,705$1,416,574
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,271,705$1,416,574
X-32 Total net assets or fund balancesStart of year $1,271,705$1,416,574
X-33 Total liabilities and net assetsStart of year $1,271,705$1,416,574
Part XI · Reconciliation of net assets $1,416,574 net assets at year end
XI-1 Total revenue$133,614
XI-2 Total expenses$77,114
XI-3 Revenue less expenses$56,500
XI-4 Net assets at start of year$1,271,705
XI-5 Net unrealized gains (losses) on investments$88,369
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,416,574

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.