Columbia Bank Foundation
- Assets
- $54.0m
- Revenue
- $66.3k
- Investments
- $37.6m
- Employees
- 0
- Location
- Fair Lawn, NJ
- Founding
- 06/2004
- Data as of
- 12/2023
- 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 12/2023, Columbia Bank Foundation generated $66.3k 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 (64.8%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Columbia Bank Foundation has awarded 3,025 individual grants totaling $14,371,734. 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 |
|---|---|---|---|
Thomas J Kemly President | 1 | $0 | |
Dennis E Gibney Treasurer | 1 | $0 | |
Mayra L Rinaldi Secretary/director | 1 | $0 | |
Kwanghyon Thomas Ko Counsel | 1 | $0 | |
Julie Holland Executive Director | 45 | $188,896 | |
E Thomas Allen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,859 |
| Total Revenue | $66,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $207,444 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $21,753 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,480 |
| Total operating and administrative expenses | $277,653 |
| Contributions, gifts, grants paid | $2,261,126 |
| Total expenses and disbursements | $2,538,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,302,808 |
| Savings and temporary cash investments | $5,000,000 |
| Net Accounts receivable | $38,395 |
| 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 | $23,282 |
| Total assets | $53,992,779 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $616,311 |
| 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 | $616,311 |
Grants Awarded
Over the last fiscal year, Columbia Bank Foundation has awarded $2,265,226 in support to 477 organizations.
| Grant Recipient | Amount |
|---|---|
4 HEROES CHARITY INC PURPOSE: EMPLOYEE SPONSORED GIVING-CIVIC AND COMMUNITY | $10,000 |
A CHANGE FOR NICK PURPOSE: EMPLOYEE SPONSORED GIVING - HUMAN SERVICES | $1,000 |
ABILITIES OF NORTHWEST JERSEY PURPOSE: DIAMONDS IN THE SKY, 4/22/23, SHIMMERING STAR SPONSOR | $500 |
ABILITIES OF NORTHWEST JERSEY PURPOSE: ABILI-TEES GOLF OUTING, 6/26/23, LUNCH SPONSOR | $500 |
ADLER APHASIA CENTER PURPOSE: INCREASING ACCESS TO APHASIA REHABILITATION THROUGH ADVOCACY, EDUCATION AND OUTREACH | $15,000 |
ALLENDALE SADDLE RIVER ROTARY PURPOSE: 12TH ANNUAL FUNDRAISING DINNER DANCE, 3/2/23, GOLD SPONSOR | $500 |