JAMES AND GINA GIORDANO FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
JAMES AND GINA GIORDANO FOUNDATION INC (EIN 92-1384552)
Tax period
2023-01-01 to 2023-12-31
Filed
2025-01-21
IRS object ID
202510219349101001
Schema version
2023v6.0
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)
Return2025-01-21T15:17:15-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133985822PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GIANFRANCO RICCIARDELLA CPAPCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11 BRIDGE ST STE P1BAddressLine1Txt
CityIRVINGTONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10533ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN921384552EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAMES AND GINA GIORDANO FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAMEBusinessNameControlTxt
Phone5165512452PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O BMW OF BROOKL 9326 FOURTH AVEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11209ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCARMINE ABRUZZOPersonNm
Person TitleDirectorPersonTitleTxt
Signature2025-01-21SignatureDt
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 PersonGIANFRANCO RICCIARDELLAPreparerPersonNm
PTINP00612068PTIN
Phone9145913295PhoneNum
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$669,480FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$428,350ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$21InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$21InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$21InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$11,029DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,029DividendsNetInvstIncmAmt
Dividends Adj Net Incm$11,029DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$669NetGainSaleAstRevAndExpnssAmt
Other Income Rev And Expnss$3,287OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$3,287OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$3,287OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$442,018TotalRevAndExpnssAmt
Total Net Invst Incm$14,337TotalNetInvstIncmAmt
Total Adj Net Incm$14,337TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$5,112OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$756OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$3,904OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$5,112TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$756TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,904TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$178,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$178,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$183,112TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$756TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$181,904TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$258,906ExcessRevenueOverExpensesAmt
Net Investment Income$13,581NetInvestmentIncomeAmt
Adjusted Net Income$14,337AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$500CashBOYAmt
Cash EOY$46,494CashEOYAmt
Cash EOYFMV$46,494CashEOYFMVAmt
Sav And Temp Cash Invst BOY$400,001SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$100,022SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$100,022SavAndTempCashInvstEOYFMVAmt
US Government Obligations EOY$517,583USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$517,583USGovtObligationsEOYFMVAmt
Other Assets EOY$5,381OtherAssetsEOYAmt
Other Assets EOYFMV$5,381OtherAssetsEOYFMVAmt
Total Assets BOY$400,501TotalAssetsBOYAmt
Total Assets EOY$669,480TotalAssetsEOYAmt
Total Assets EOYFMV$669,480TotalAssetsEOYFMVAmt
Deferred Revenue EOY$10,072DeferredRevenueEOYAmt
Other Liabilities EOY$1OtherLiabilitiesEOYAmt
Total Liabilities EOY$10,073TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$400,501NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$659,407NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$400,501TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$659,407TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$400,501TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$669,480TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$400,501TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$258,906ExcessRevenueOverExpensesAmt
Subtotal$659,407SubtotalAmt
Tot Net Ast Or Fund Balances EOY$659,407TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
How AcquiredPHowAcquiredCd
Acquired2023-01-01AcquiredDt
Sold2023-06-30SoldDt
Cost Or Other Basis$669CostOrOtherBasisAmt
Gain Or Loss-$669GainOrLossAmt
Gains Minus Excess Or Losses-$669GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$669CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$669NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$189InvestmentIncomeExciseTaxAmt
Subtotal$189SubtotalAmt
Tax Based On Investment Income$189TaxBasedOnInvestmentIncomeAmt
Tax Due$189TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresswww.jamesandginagiordanofoundation.comWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1CARMINE ABRUZZOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5165512452PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O BMW OF BRKLY 9326 FOURTH AVEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11209ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
COLLETTE ABRUZZO
C/O BMW 9326 FOURTH AVEC/O BMBROOKLYNNY11209Director0.00$0
CARMINE ABRUZZO
C/O BMW 9326 FOURTH AVEBROOKLYNNY11209Director0.00$0
ISABELLA ABRUZZO
C/O BMW 9326 FOURTH AVEC/O BMBROOKLYNNY11209Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$388,118AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$388,118TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$388,118AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,822CashDeemedCharitableAmt
Net Vl Noncharitable Assets$382,296NetVlNoncharitableAssetsAmt
Minimum Investment Return$19,115MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$19,115MinimumInvestmentReturnAmt
Tax Based On Investment Income$189TaxBasedOnInvestmentIncomeAmt
Total Tax$189TotalTaxAmt
Distributable Before Adj$18,926DistributableBeforeAdjAmt
Distributable Before Ded$18,926DistributableBeforeDedAmt
Distributable As Adjusted$18,926DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$181,904ExpensesAndContributionsAmt
Qualifying Distributions$181,904QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$18,926DistributableAsAdjustedAmt
Undistributed Income PY$1,644UndistributedIncomePYAmt
Qualifying Distributions$181,904QualifyingDistributionsAmt
Applied To Year1$1,644AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$18,926AppliedToCurrentYearAmt
Remaining Distri From Corpus$161,334RemainingDistriFromCorpusAmt
Total Corpus$161,334TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$161,334ExcessDistriCyovToNextYrAmt
Excess From Current Year$161,334ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerCARMINE ABRUZZOContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonCARMINE ABRUZZORecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line19326 FOURTH AVEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11209ZIPCd
FieldValueIRS element (for citing)
Recipient Phone5165512452RecipientPhoneNum
Form And Info And MaterialsRECOMMENDATION FROM CLERGY AND OTHER REFERENCES, PLUS OTHER FINANCIAL INFORMATION AS DEEMED NECESSARYFormAndInfoAndMaterialsTxt
Submission Deadlines12/31SubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
COOLEYS ANEMIA FOUNDATION
330 7TH AVENUE STE 200NEW YORKNY10001NONEPCDISEASE RESEARCH AND PATIENT SERVICES$150,000
FRANK RUTA
30 DOXSEY PLACE 4HLYNBROOKNY11563NONEHARD TIMES FAMILY NECESITY$5,000
GINA CAVALLO
47 1ST STREETLYNBROOKNY11563NONEHARD TIMES FAMILY NECESITY$5,000
MAUREEN HAYES
191 KINGSTON AVEFLORAL PARKNY11001NONEHARD TIMES FAMILY NECESITY$5,000
ROBERT DOUD FOUNDATION
BLUFTONBLUFTONSC29909NONEPCDISEASE RESEARCH AND PATIENT SERVICES AND OTHER CHARITABLE PURPOSES$13,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$178,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$21ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$11,029ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,287RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$669RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$11,050ExclusionAmt
Related Or Exempt Function Incm$2,618RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$13,668TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
LIFE QUALITY MOTOR SALES INC
19326 FOURTH AVEBROOKLYNNY11209$400,000Yes (X)
CARMINE ABRUZZO
2C/O BMW OF BRK 9326 4TH AVEBROOKLYNNY11209$25,000Yes (X)

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$517,583USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$517,583USGovtObligationsEOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescINTEREST RECEIVABLEDesc
EOY Book Value$5,381EOYBookValueAmt
EOYFMV$5,381EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK FEES$756$756
OFFICE EXPENSE$452
WEBSITE$3,904$3,904

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$3,287RevenueAndExpensesPerBooksAmt
Net Investment Income$3,287NetInvestmentIncomeAmt
Adjusted Net Income$3,287AdjustedNetIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescRoundingDesc
EOY Book Value$1EOYBookValueAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonCARMINE ABRUZZOPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O BMW OF BROOKL 9326 FOURTH AVEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11209ZIPCd

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