Colosimo Family Foundation
- Assets
- $859.6k
- Revenue
- $588.2k
- Investments
- $516.7k
- Employees
- 0
- Location
- Oak Lawn, IL
- Founding
- 02/2000
- Data as of
- 12/2023
- EIN
- 36-4333930
Organization Overview
Colosimo Family Foundation is located in Oak Lawn, IL. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Colosimo Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Colosimo Family Foundation has awarded 21 individual grants totaling $1,196,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $566,668 |
| Interest on Savings | $20,826 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $682 |
| Capital Gain Net Income | $682 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $588,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $235 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $235 |
| Contributions, gifts, grants paid | $587,000 |
| Total expenses and disbursements | $587,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,973 |
| Savings and temporary cash investments | $250,000 |
| 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 | $0 |
| Total assets | $859,641 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Colosimo Family Foundation has awarded $587,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY CHRISTIAN COLLEGE PURPOSE: EDUCATION | $60,000 |
THE SHRINE OF OUR LADY OF POMPEII PURPOSE: RELIGIOUS | $160,000 |
RESTORATION MINISTRIES PURPOSE: RELIGIOUS | $160,000 |
ELIM CHRISTIAN SCHOOL PURPOSE: EDUCATION | $35,000 |
SPIRIT OF GOD FELLOWSHIP PURPOSE: RELIGIOUS | $25,000 |
PARKVIEW CHURCH PURPOSE: RELIGIOUS | $60,000 |