Columbus Citizens Foundation Inc
- Assets
- $29.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 08/1949
- Data as of
- 12/2023
- EIN
- 13-6118967
Organization Overview
Columbus Citizens Foundation Inc is located in New York, NY. The organization was established in 1949. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Columbus Citizens Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Citizens Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Columbus Citizens Foundation Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Columbus Citizens Foundation Inc has awarded 46 individual grants totaling $678,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PERPETUATE & HONOR SIGNIFICANCE OF THE DISOCVERY OF AMERICA BY CHRISTOPHER COLUMBUS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM
COLUMBUS CELEBRATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Loiacono President | OfficerTrustee | 3 | $0 |
Anthony Giordano Vice President | OfficerTrustee | 3 | $0 |
Lawrence Auriana Secretary | OfficerTrustee | 3 | $0 |
Claudio Devellis Treasurer | OfficerTrustee | 3 | $0 |
Marian Pardo Chair | OfficerTrustee | 3 | $0 |
Michael Arena Governor | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,093,428 |
| Fundraising events | $1,272,722 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $891,878 |
| Noncash contributions included in lines 1a–1f | $30,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,258,028 |
| Total Program Service Revenue | $0 |
| Investment income | $793,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,650 |
| Net Gain/Loss on Asset Sales | $51,019 |
| Net Income from Fundraising Events | -$1,865,948 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,303,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $188,602 |
| Grants and other assistance to domestic individuals. | $1,462,167 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $371,044 |
| Compensation of current officers, directors, key employees. | $115,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $878,855 |
| Pension plan accruals and contributions | $18,423 |
| Other employee benefits | $166,961 |
| Payroll taxes | $95,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,692 |
| Advertising and promotion | $9,656 |
| Office expenses | $202,057 |
| Information technology | $90,153 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,762 |
| Insurance | $382,765 |
| All other expenses | $0 |
| Total functional expenses | $4,859,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $1,982,629 |
| Pledges and grants receivable | $709,189 |
| Accounts receivable, net | $1,202,505 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $323,464 |
| Net Land, buildings, and equipment | $2,303,490 |
| Investments—publicly traded securities | $21,372,026 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,227,091 |
| Total assets | $29,121,394 |
| Accounts payable and accrued expenses | $1,037,220 |
| Grants payable | $0 |
| Deferred revenue | $2,006,877 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,044,097 |
| Net assets without donor restrictions | $5,873,839 |
| Net assets with donor restrictions | $20,203,458 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,121,394 |
Grants Awarded
Over the last fiscal year, Columbus Citizens Foundation Inc has awarded $129,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
COOLEY'S ANEMIA FOUNDATION PURPOSE: SCHOLARSHIP | $10,000 |
FUTURES IN EDUCATION PURPOSE: SCHOLARSHIP | $7,500 |
ITALIAN HERITAGE & CULTURE COMMITTEE PURPOSE: SCHOLARSHIP | $12,500 |
ITALIAN LANGUAGE FOUNDATION PURPOSE: SCHOLARSHIP | $10,000 |
ITALIAN WELFARE LEAGUE PURPOSE: SCHOLARSHIP | $10,000 |
LT DETECTIVE JOSEPH PETROSINO PURPOSE: SCHOLARSHIP | $10,000 |