Frank Colalella Charitable Foundati
Nonprofit profile at a glance
- EIN
- 934836133
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Wintersville, OH, USA
- Phone
- 4124772900
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $47,907
- Expenses
- $6,486
- Assets
- $103,568
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- PAUL CARAPELLOTTI (OFFICER)
- JAMES ABRAMS (OFFICER)
- RAY SOCCOCCIA (OFFICER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Organization has been formed for the charitable purpose of perpetulating the memory of frank colalella through donations, gifts and bequests for the benefit of local schools and/or local students.
Operating model
- Revenue model
- Other-operating. 82% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 25
- Transparency & Controls: 82
- Sustainability: 81
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12%; rating input score 12
- Program expense ratio: 46.3%; rating input score 46
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 86.5%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 15.97; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 100% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: -18.4% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: 50% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 12% of revenue deployed · 46.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $3K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- 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.
- High — Financial Efficiency: Mission deployment rate scored 12/100.
- Moderate — Financial Efficiency: Program expense ratio scored 46/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.