John V Cioffi Family Foundation
- Assets
- $1.0m
- Revenue
- $423.5k
- Investments
- $977.2k
- Employees
- 0
- Location
- Cranford, NJ
- Founding
- 12/1990
- Data as of
- 12/2022
- EIN
- 23-7650708
Organization Overview
John V Cioffi Family Foundation is located in Cranford, NJ. The organization was established in 1990. 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. John V Cioffi 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.
For the year ending 12/2022, John V Cioffi Family Foundation generated $423.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $204.8k during the year ending 12/2022. While expenses have increased by 14.0% per year over the past 8 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 2014, John V Cioffi Family Foundation has awarded 109 individual grants totaling $726,660. 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 |
|---|---|---|---|
John V Cioffi President | 10 | $0 | |
Connie Cioffi Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $237,848 |
| Interest on Savings | $1,051 |
| Dividends & Interest | $15,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $168,714 |
| Capital Gain Net Income | $168,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $423,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,732 |
| Contributions, gifts, grants paid | $192,100 |
| Total expenses and disbursements | $204,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,503 |
| 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 | $65,076 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,030,708 |
| 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, John V Cioffi Family Foundation has awarded $192,100 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN MISSION HEALTHCARE PURPOSE: HEALTHCARE | $130,000 |
FIDO FIXERS PURPOSE: ANIMAL SHELTER AND RESCUE | $10,000 |
MUSEUM OF AMERICAN FINANCE PURPOSE: AMERICAN FINANCE MUSEUM | $500 |
COLUMBUS CITIZENS FOUNDATION PURPOSE: SCHOLARSHIPS | $3,600 |
RUTLAND COUNTY HUMANE SOCIETY PURPOSE: ANIMAL SHELTER AND RESCUE | $10,000 |
THE BASS MUSEUM PURPOSE: CONTEMPORARY ART MUSEUM | $1,000 |