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Education : Scholarship and Financial Support

Columbus Citizens Foundation

Preserving Heritage, Creating Opportunities.

three stars

85.20

8 East 69th Street New York, NY 10021
tel: (212) 249-9923   Web Site
EIN: 13-6118967

Board Leadership
Angelo Vivolo
President

CEO
David J. Iommarini
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 85.20 three stars
  Financial 82.20 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 05/01/2018 and includes data from FY2016, the most recent 990 received at that time.

Founded in 1944, the Columbus Citizens Foundation is committed to fostering an appreciation of Italian-American heritage and achievement. The Foundation, through a broad range of philanthropic and cultural activities, provides opportunities for advancement to deserving Italian-American students through various scholarship and grant programs. The Foundation organizes New York City's annual Columbus Celebration and Columbus Day Parade, which has celebrated Italian-American heritage on New York's Fifth Avenue since 1929.

Founded in 1944, the Columbus Citizens Foundation is committed to fostering an appreciation of Italian-American heritage and achievement. The Foundation, through a broad range of philanthropic and cultural activities, provides opportunities for advancement to deserving Italian-American students through various scholarship and grant programs. The Foundation organizes New York City's annual Columbus Celebration and Columbus Day Parade, which has celebrated Italian-American heritage on New York's Fifth Avenue since 1929.

Impact Information

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Financial

three stars

82.20

Accountability & Transparency

three stars

89.00

This rating was published 05/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
75.2%
  Administrative Expenses 19.7%
  Fundraising Expenses 4.9%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 3.30
  Program Expenses Growth -5.1%
  Liabilities to Assets 8.2%
All data for Financial Performance Metrics calculations was provided by Columbus Citizens Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Columbus Citizens Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Columbus Citizens Foundation (NY) 85.20 three stars
College Now Greater Cleveland (OH) 95.47 four stars
Jewish Tuition Organization (AZ) 86.17 three stars
Mitchell Institute (ME) 95.80 four stars
Children's Scholarship Fund (NY) 89.39 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $774,867
   Federated Campaigns $0
   Membership Dues $1,794,210
   Fundraising Events $2,091,340
   Related Organizations $70,996
   Government Grants $0
Total Contributions $4,731,413
   Program Service Revenue $0
Total Primary Revenue $4,731,413
   Other Revenue $1,157,906
TOTAL REVENUE $5,889,319
   
EXPENSES  
   Program Expenses $3,079,272
   Administrative Expenses $1,062,404
   Fundraising Expenses $220,836
TOTAL FUNCTIONAL EXPENSES $4,362,512
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,526,807
   
Net Assets $24,030,739

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Adopt-a-Scholar $2,235,272 72.6%
Columbus Celebration $844,000 27.4%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-12 05/01/2018 85.20 three stars
2015-12 12/22/2017 85.86 three stars
2015-12 04/01/2017 84.13 three stars
2014-12 06/01/2016 87.07 three stars
 
CN 2.0
2014-12 03/01/2016 87.69 three stars
2013-12 03/01/2015 88.67 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-6118967
Name in IRS Master File COLUMBUS CITIZENS FOUNDATION INC
NTEE Code A23
NTEE Classification Cultural, Ethnic Awareness
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
(62) Historical site, records or reenactment
(40) Scholarships (other)
Foundation Status Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.  509(a)(2)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 1949
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$207,975 4.76% David Iommarini Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Columbus Citizens Foundation (NY) 85.20 three stars
Arizona Christian School Tuition Organization (AZ) 91.05 four stars
Children's Scholarship Fund Philadelphia (PA) 100.00 four stars
Catholic Education Arizona (AZ) 86.79 three stars
National Medical Fellowships (NY) 89.53 three stars

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Charity Contact Info

Columbus Citizens Foundation
8 East 69th Street
New York, NY 10021
tel: (212) 249-9923
fax: (212) 737-4413
EIN: 13-6118967

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Board Leadership

Angelo Vivolo
President

CEO

David J. Iommarini
Executive Director

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