Columbus Citizens Foundation Inc
Nonprofit profile at a glance
- EIN
- 136118967
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2122499923
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $5,463,386
- Expenses
- $5,226,299
- Assets
- $30,384,152
- Liabilities
- $3,390,563
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- CHRISTOPHER LOIACONO (PRESIDENT)
- ANTHONY F GIORDANO (VICE PRESIDENT)
- LISA ACKERMAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- LISA ACKERMAN (EXECUTIVE DIRECTOR): $342,490 total reported compensation
- DEANNA STINZIANO (CONTROLLER): $148,988 total reported compensation
- SARI URICHECK (DEPUTY DIRECTOR): $140,648 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o.
What it reported doing in 2024
Columbus celebration
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 64
- Accountability: 95
- Sustainability: 57
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.3%; rating input score 68
- Program expense ratio: 58.4%; rating input score 58
- Fundraising efficiency: $11.75 raised per $1 spent on fundraising; rating input score 43; 43rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: 0 of 8 controls in place; rating input score 0
- Claims monitoring procedures: Fail
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 96.9%; rating input score 97; 32nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.3%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 5.81; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 14.6%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: -3.5% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -2.7% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 68.3% of revenue deployed · 58.4% of spending went to programs
- Governance: 16 of 16 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $3.1M in reported program spending
- Leadership: top reported pay $342K · 20 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $154K reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 13 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 43/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 19/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.