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STANTON AND COLOMBO FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
STANTON AND COLOMBO FAMILY FOUNDATION (EIN 27-3311232)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-31
IRS object ID
202403059349100905
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-31T09:17:46-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN273311232EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Stanton and Colombo Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlSTANBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personjanice stantonPersonNm
Person TitletrusteePersonTitleTxt
Phone8008391754PhoneNum
Signature2024-10-27SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,061,795FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$100,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$188InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$188InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$27,913DividendsRevAndExpnssAmt
Dividends Net Invst Incm$27,913DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$128,101TotalRevAndExpnssAmt
Total Net Invst Incm$28,101TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$1,245OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,245OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$700TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$5,828OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$5,828OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,773TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,245TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,828TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$94,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$94,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$102,273TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,245TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$100,328TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$25,828ExcessRevenueOverExpensesAmt
Net Investment Income$26,856NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$91,361SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$90,553SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$90,553SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$795,303CorporateStockBOYAmt
Corporate Stock EOY$821,939CorporateStockEOYAmt
Corporate Stock EOYFMV$971,242CorporateStockEOYFMVAmt
Total Assets BOY$886,664TotalAssetsBOYAmt
Total Assets EOY$912,492TotalAssetsEOYAmt
Total Assets EOYFMV$1,061,795TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$886,664RetainedEarningBOYAmt
Retained Earning EOY$912,492RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$886,664TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$912,492TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$886,664TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$912,492TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$886,664TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$25,828ExcessRevenueOverExpensesAmt
Subtotal$912,492SubtotalAmt
Tot Net Ast Or Fund Balances EOY$912,492TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$373InvestmentIncomeExciseTaxAmt
Subtotal$373SubtotalAmt
Tax Based On Investment Income$373TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$701EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$701TotalPaymentsAndCreditsAmt
Overpayment$328OverpaymentAmt
Applied To ES Tax$328AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line155 WALLS DRIVE FL 3AddressLine1Txt
CityFairfieldCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Adam Colombo
Foundation Source 501 Silverside RdWilmingtonDE198091377Trustee0.0$0$0$0
Amy Colombo
Foundation Source 501 Silverside RdWilmingtonDE198091377Trustee0.0$0$0$0
Francesca Colombo
Foundation Source 501 Silverside RdWilmingtonDE198091377Trustee0.0$0$0$0
Janice Stanton
Foundation Source 501 Silverside RdWilmingtonDE198091377Trustee1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$898,348AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$70,152AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$968,500TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$968,500AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,528CashDeemedCharitableAmt
Net Vl Noncharitable Assets$953,972NetVlNoncharitableAssetsAmt
Minimum Investment Return$47,699MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$47,699MinimumInvestmentReturnAmt
Tax Based On Investment Income$373TaxBasedOnInvestmentIncomeAmt
Total Tax$373TotalTaxAmt
Distributable Before Adj$47,326DistributableBeforeAdjAmt
Distributable Before Ded$47,326DistributableBeforeDedAmt
Distributable As Adjusted$47,326DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$100,328ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$100,328QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$47,326DistributableAsAdjustedAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Excess Distribution Cyov Yr5$154,385ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$28,581ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$40,450ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$21,983ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$40,010ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$285,409TotalExcessDistributionCyovAmt
Qualifying Distributions$100,328QualifyingDistributionsAmt
Applied To Current Year$47,326AppliedToCurrentYearAmt
Remaining Distri From Corpus$53,002RemainingDistriFromCorpusAmt
Total Corpus$338,411TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$154,385ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$184,026ExcessDistriCyovToNextYrAmt
Excess From Year4$28,581ExcessFromYear4Amt
Excess From Year3$40,450ExcessFromYear3Amt
Excess From Year2$21,983ExcessFromYear2Amt
Excess From Year1$40,010ExcessFromYear1Amt
Excess From Current Year$53,002ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJanice StantonContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CATHOLIC CHARITIES OF THE ARCHDIOCESE OF NEW YORK
1011 1ST AVE 11TH FLNEW YORKNY10022N/APCCatholic Renewal Fund$2,500
DAVIDSON COLLEGE
PO BOX 5000DAVIDSONNC28035N/APCTo Support Davidson Academic Access and Disability Services$10,000
FACING HISTORY AND OURSELVES
150 BROADWAY STE 2100NEW YORKNY10038N/APCGeneral & Unrestricted$1,000
JOHNS HOPKINS UNIVERSITY
3400 N CHARLES STBALTIMOREMD21218N/APCDr. Peter Rowe Gift Fund$7,500
NOVA SOUTHEASTERN UNIVERSITY INC
3300 S UNIVERSITY DRFT LAUDERDALEFL33328N/APCDr. Klimas ME/CFS Translational Research Fund$2,500
OPEN MEDICINE FOUNDATION INC
29302 LARO DRAGOURA HILLSCA91301N/APCGeneral & Unrestricted$5,000
SOLVE MECFS INITIATIVE INC
350 N GLENDALE AVE STE B 368GLENDALECA91206N/APCGeneral & Unrestricted$50,000
STANFORD UNIVERSITY - GSB
655 KNIGHT WAYSTANFORDCA94305N/APCGeneral & Unrestricted$10,000
TRUSTEES OF COLUMBIA UNIVERSITY
516 W 168TH ST FL 3NEW YORKNY10032N/APCNK cell research and the NEAR program$5,000
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
3451 WALNUT STREET 433 FRANKLIN BLPHILADELPHIAPA19104N/APCWharton's Jerome Fisher Program in Management and Technology$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$94,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$188ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$27,913ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$28,101ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$28,101TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonStanton JaniceContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line135 Stratford RoadAddressLine1Txt
CityHarrisonCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10528ZIPCd
FieldValueIRS element (for citing)
Total Contributions$100,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ISHARES IBOXX $ INVESTMENT GRA$103,225$93,950
ISHARES JP MORGAN USD EM MKTS$80,936$65,726
VANGUARD DIVIDEND APPRECIATION$80,221$141,432
VANGUARD FTSE DEVELOPED MARKET$157,110$173,925
VANGUARD FTSE EMERGING MARKETS$151,494$141,343
VANGUARD SF REIT ETF$127,488$138,283
VANGUARD TOTAL STOCK MARKET ET$121,465$216,583

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$5,728$5,728
State or Local Filing Fees$100$100

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$1,245Amt
Net Investment Income$1,245NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Estimated Tax for 2023CategoryTxt
Amt$700Amt