Columbia Bank Foundation
- Assets
- $62.1m
- Revenue
- $11.7m
- Investments
- $40.7m
- Employees
- 0
- Location
- Fair Lawn, NJ
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 20-1115566
Organization Overview
Columbia Bank Foundation is located in Fair Lawn, NJ. The organization was established in 2004. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia Bank Foundation 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 12/2021, Columbia Bank Foundation generated $11.7m in total revenue. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 61.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Columbia Bank Foundation has awarded 2,467 individual grants totaling $11,699,110. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Holland Executive Director | 40 | $169,848 | |
Mark Schott Director | 1 | $4,000 | |
Michael Westra Director | 1 | $3,000 | |
Thomas J Kemly President | 1 | $0 | |
Dennis E Gibney Treasurer | 1 | $0 | |
Mayra L Rinaldi Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,697,809 |
| Capital Gain Net Income | $11,697,809 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,697,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $182,685 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,513 |
| Interest | $0 |
| Taxes | $287,236 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,725 |
| Total operating and administrative expenses | $495,871 |
| Contributions, gifts, grants paid | $2,625,577 |
| Total expenses and disbursements | $3,121,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,349,524 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000 |
| Total assets | $62,062,465 |
| Accounts payable and accrued expenses | $21,200 |
| Grants payable | $217,498 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $238,698 |
Grants Awarded
Over the last fiscal year, Columbia Bank Foundation has awarded $2,604,377 in support to 547 organizations.
| Grant Recipient | Amount |
|---|---|
PASSAIC COUNTY CASA FOR CHILDREN PURPOSE: PASSAIC COUNTY CASA'S OPEN DOOR STORE | $100,000 |
FAMILY PROMISE OF GLOUCESTER COUNTY PURPOSE: FAMILY PROMISE SENJ - STUDENT TRANSPORTATION PROGRAM | $100,000 |
Paterson, NJ PURPOSE: BEYOND HUNGER - 3RD PAYMENT | $50,000 |
ARC OF SOMERSET COUNTY PURPOSE: CAMP JOTONI CAPITAL CAMPAIGN | $50,000 |
Paterson, NJ PURPOSE: BRIDGE TO SUCCESS PROGRAM | $50,000 |
Wyckoff, NJ PURPOSE: COVID-19 SUPPORT FOR CHRISTIAN HEALTH CARE CENTER | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |