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Bolla Charity Foundation

Tax-deductible

Garden City, NY501(c)(3)UnclassifiedEIN 46-4054300

501(c)(3) charity; gifts are tax-deductible.
30¢ of each $1 spent went to programs.
Run by 3 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $185K a year · 48% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
30%
of spending
Concern: 30% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
969 mo
of spending, in cash
Looks good: 968.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$128K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$703K
+27% vs prior year
Spent
$17K
To programs
30%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$703K
FY2024▲ +27%
Revenue by fiscal year
FY2020$111K
FY2021$233K
FY2022$325K
FY2023$551K
FY2024$703K
Expenses
$17K
FY2024▼ -94%
Expenses by fiscal year
FY2020$515K
FY2021$62K
FY2022$123K
FY2023$282K
FY2024$17K
Net assets
$1.8M
FY2024▲ +64%
Net assets by fiscal year
FY2020$429K
FY2021$601K
FY2022$803K
FY2023$1.1M
FY2024$1.8M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2014.

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

Where the money goes

30 cents of each dollar spent went to programs.

Program services 30% · $5K Management & general 70% · $12K Fundraising 0% · $54

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bolla Charity Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps the poor, homeless, and needy in Nassau County and surrounding areas.

Provided by the organization

This section is blank until Bolla Charity Foundation claims this page.

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1 program service account for $5K of program spending, described in the organization's own filed words · FY2024.
01

The organization intends to benefit the poor, the homeless, and the needy in nassau county, new york and in the surrounding area by collecting and distributing food, clothing, and other items as necessary, and by securing and providing volunteers to offer such aid and assistance.

$5Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
The Berro Family Foundation INCFY2024$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 6 grants · $440K · 2020–2023
Unitemized GrantFY2023$260,181
Unitemized GrantFY2022$109,838
Sikh American Veterans Alliance INCNJ · FY2021$25,000
Unitemized GrantFY2021$11,641
Medical Staff of the Nassau County Medical CenterNY · FY2020$28,525
American Heart Association INCTX · FY2020$5,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$703K
Ln 12
Gifts and grantsLn 1h$491K
Other incomeLn 4–11$144K
Investment incomeLn 3$67K
Money outPt IX
$17K
Ln 25
Programscol B$5K
Managementcol C$12K
Fundraisingcol D$54
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.9M
LiabilitiesLn 26$128K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$491K
Fundraising eventsLn 1c$491K
Investment incomeLn 3$67K
Other incomeLn 4–11$144K
Total revenueLn 12$703K
Assets in detailPt X, end of year
CashLn 1$93K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Other assetsLn 15$527K
Total assetsLn 16$1.9M
LiabilitiesLn 26$128K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$1.3M
Total assetsLn 16$1.2M$1.9M
LiabilitiesLn 26$176K$128K
Net assetsLn 32$1.1M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$54$54
Office expensesLn 13$275$275
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$17K$5K$12K$54

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $703K$17K$686K$1.8M 990 PDF
FY2023 $551K$282K$269K$1.1M 990 PDF
FY2022 $325K$123K$202K$803K 990 PDF
FY2021 $233K$62K$171K$601K 990 PDF
FY2020 $111K$515K−$404K$429K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $702,509 across 6 lines filed
VIII-1c Fundraising events$491,085
VIII-1h Total contributions, gifts and grants$491,085
VIII-3 Investment incomeExcluded from tax $67,223$67,223
VIII-8 Net income from fundraising eventsExcluded from tax $90,740$90,740
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $53,461$53,461
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $211,424$702,509
Part IX · Statement of functional expenses $16,710 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $1,264$1,264
IX-11c Accounting feesManagement $11,406$11,406
IX-12 Advertising and promotionFundraising $54$54
IX-13 Office expensesManagement $275$275
IX-24 Other expenses (24a–d)Programs $3,711$3,711
IX-25 Total functional expensesPrograms $4,975 · Management $11,681 · Fundraising $54$16,710
Part X · Balance sheet $1,885,542 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $464,840$92,775
X-2 Savings and temporary cash investmentsStart of year $782,998$1,256,108
X-3 Pledges and grants receivable$10,100
X-15 Other assetsStart of year $0$526,559
X-16 Total assetsStart of year $1,247,838$1,885,542
X-17 Accounts payable and accrued expensesStart of year $18,002$11,406
X-25 Other liabilitiesStart of year $158,142$116,643
X-26 Total liabilitiesStart of year $176,144$128,049
X-27 Net assets without donor restrictionsStart of year $1,071,694$1,757,493
X-32 Total net assets or fund balancesStart of year $1,071,694$1,757,493
X-33 Total liabilities and net assetsStart of year $1,247,838$1,885,542
Part XI · Reconciliation of net assets $1,757,493 net assets at year end
XI-1 Total revenue$702,509
XI-2 Total expenses$16,710
XI-3 Revenue less expenses$685,799
XI-4 Net assets at start of year$1,071,694
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,757,493

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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