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Education : Scholarship and Financial Support

Columbus Citizens Foundation

Preserving Heritage, Creating Opportunities.

three stars

87.24

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

Board Leadership
Marian U. Pardo
President

CEO
Lisa Ackerman
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 87.24 three stars
  Financial 85.71 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 04/01/2020 and includes data from FY2018, 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

85.71

Accountability & Transparency

three stars

89.00

This rating was published 04/01/2020 and includes data from FY2018, 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)
75.7%
  Administrative Expenses 20.1%
  Fundraising Expenses 4.0%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 3.09
  Program Expenses Growth 5.9%
  Liabilities to Assets 7.5%
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) 87.24 three stars
ACCESS College Foundation (VA) 89.91 three stars
Evans Scholars Foundation (IL) 90.98 four stars
Astronaut Scholarship Foundation Inc. (FL) 87.07 three stars
10,000 Degrees (CA) 91.43 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,917,548
   Federated Campaigns $0
   Membership Dues $1,719,893
   Fundraising Events $2,505,828
   Related Organizations $0
   Government Grants $0
Total Contributions $6,143,269
   Program Service Revenue $0
Total Primary Revenue $6,143,269
   Other Revenue $162,842
TOTAL REVENUE $6,306,111
   
EXPENSES  
   Program Expenses $3,727,998
   Administrative Expenses $760,558
   Fundraising Expenses $140,879
TOTAL FUNCTIONAL EXPENSES $4,629,435
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,676,676
   
Net Assets $26,222,441

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
Scholarships $2,532,759 67.9%
Columbus Celebration $1,195,239 32.1%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 04/01/2020 87.24 three stars
2017-12 07/01/2019 85.39 three stars
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, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$212,564 4.59% David J. Iommarini Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Columbus Citizens Foundation (NY) 87.24 three stars
Denver Scholarship Foundation (CO) 90.08 four stars
Catholic Education Arizona (AZ) 85.66 three stars
Evans Scholars Foundation (IL) 90.98 four stars
Horatio Alger Association of Distinguished Americans (VA) 92.38 four stars

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This charity has an official representative registered with Charity Navigator.

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

Visit Web Site

Board Leadership

Marian U. Pardo
President

CEO

Lisa Ackerman
Executive Director

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