Columbus Citizens Foundation Inc
- Assets
- $32.9m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 14
- Location
- New York, NY
- Founding
- 08/1949
- Data as of
- 12/2021
- 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 12/2021, Columbus Citizens Foundation Inc employed 14 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 12/2021, Columbus Citizens Foundation Inc generated $6.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Columbus Citizens Foundation Inc has awarded 27 individual grants totaling $438,500. 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
2021
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 |
|---|---|---|---|
Lisa Ackerman Executive Director | Officer | 40 | $289,583 |
Anthony Giordano Secretary | OfficerTrustee | 3 | $0 |
Michael Pedone Vice President | OfficerTrustee | 3 | $0 |
Claudio Devellis Treasurer | OfficerTrustee | 3 | $0 |
Marian Pardo President | OfficerTrustee | 3 | $0 |
Angelo Vivolo Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,140,336 |
| Fundraising events | $2,117,628 |
| Related organizations | $0 |
| Government grants | $372,069 |
| All other contributions, gifts, grants, and similar amounts not included above | $495,950 |
| Noncash contributions included in lines 1a–1f | $109,807 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,125,983 |
| Total Program Service Revenue | $0 |
| Investment income | $1,174,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $279,600 |
| Net Gain/Loss on Asset Sales | $322,598 |
| Net Income from Fundraising Events | -$859,244 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,043,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $161,250 |
| Grants and other assistance to domestic individuals. | $1,475,955 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $310,151 |
| Compensation of current officers, directors, key employees. | $95,735 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,131,682 |
| Pension plan accruals and contributions | $47,466 |
| Other employee benefits | $68,117 |
| Payroll taxes | $129,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,969 |
| Advertising and promotion | $55,410 |
| Office expenses | $100,258 |
| Information technology | $68,672 |
| Royalties | $0 |
| Occupancy | $63,705 |
| 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 | $251,537 |
| Insurance | $221,603 |
| All other expenses | $0 |
| Total functional expenses | $4,422,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $5,383,777 |
| Pledges and grants receivable | $312,609 |
| Accounts receivable, net | $1,437,758 |
| 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 | $223,830 |
| Net Land, buildings, and equipment | $2,386,825 |
| Investments—publicly traded securities | $22,282,096 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $905,088 |
| Total assets | $32,932,983 |
| Accounts payable and accrued expenses | $463,101 |
| Grants payable | $0 |
| Deferred revenue | $2,099,833 |
| 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 | $2,562,934 |
| Net assets without donor restrictions | $10,307,196 |
| Net assets with donor restrictions | $20,062,853 |
| 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 | $32,932,983 |
Grants Awarded
Over the last fiscal year, Columbus Citizens Foundation Inc has awarded $143,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Mankato, MN PURPOSE: SCHOLARSHIP | $86,600 |
New Rochelle, NY PURPOSE: SCHOLARSHIP | $15,000 |
New York, NY PURPOSE: SCHOLARSHIP | $12,500 |
New York, NY PURPOSE: SCHOLARSHIP | $12,000 |
Maplewood, NJ PURPOSE: SCHOLARSHIP | $12,000 |
Portland, OR PURPOSE: SCHOLARSHIP | $5,400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Columbus Citizens Foundation Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
John W Hill Hill And Knowlton Foundation New York, NY PURPOSE: TO SUPPORT COLUMBUS CITIZENS FOUNDATION | $4,000 |
Endowment Analysis
| Beg. Balance | $18,453,992 |
| Earnings | $1,759,711 |
| Net Contributions | $235,000 |
| Other Expense | $385,850 |
| Ending Balance | $20,062,853 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
Japanese Childrens Society Inc Englewood Cliffs, NJ | $6,760,346 | $7,633,011 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |