Colarelli Family Foundation
- Assets
- $393.1k
- Revenue
- $4.4k
- Investments
- $387.8k
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 10/1998
- Data as of
- 12/2023
- EIN
- 43-1823556
Organization Overview
Colarelli Family Foundation is located in Colorado Springs, CO. The organization was established in 1998. 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. Colarelli 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 12/2023, Colarelli Family Foundation generated $4.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $25.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Colarelli O'connor Pres & Director | 0 | $0 | |
Patrick O'connor Director | 0 | $0 | |
Angela Colarelli Carron VP & Director | 0 | $0 | |
David Carron Director | 0 | $0 | |
Nick Colarelli III Director | 0 | $0 | |
Karen Colarelli Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30 |
| Dividends & Interest | $16,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,191 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,376 |
| Contributions, gifts, grants paid | $21,507 |
| Total expenses and disbursements | $25,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,359 |
| 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 | $387,787 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $393,146 |
| 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 |