JOHN V CIOFFI FAMILY FOUNDATION: Form 990PF, tax year 2023

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Organization
JOHN V CIOFFI FAMILY FOUNDATION (EIN 23-7650708)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-14
IRS object ID
202423199349103112
Schema version
2023v5.0
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)
Return2024-11-14T13:21:30-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN202292515PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LLI ADVISORY GROUPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1202 NORTH AVE EAddressLine1Txt
CityCRANFORDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07016ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237650708EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOHN V CIOFFI FAMILY FOUNDATIONBusinessNameLine1Txt
Business Name Line2C/O LLI ADVISORY GROUPBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlJOHNBusinessNameControlTxt
Phone9083580500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1202 NORTH AVENUE EASTAddressLine1Txt
CityCRANFORDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07016ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN V CIOFFIPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2024-04-30SignatureDt
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 PersonGERARD IACOVANOPreparerPersonNm
PTINP00437293PTIN
Phone9083580500PhoneNum
Preparation2024-11-14PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$1,086,047FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$94,673ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$5,843InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5,843InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$13,213DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,005DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$74,077NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$569,917GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$74,077CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$187,806TotalRevAndExpnssAmt
Total Net Invst Incm$91,925TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,125AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$9,660OtherProfFeesRevAndExpnssAmt
Interest Rev And Expnss$1InterestRevAndExpnssAmt
Taxes Rev And Expnss$5,704TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$18,490TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$115,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$115,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$133,490TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$115,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$54,316ExcessRevenueOverExpensesAmt
Net Investment Income$91,925NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$53,503CashBOYAmt
Cash EOY$131,302CashEOYAmt
Cash EOYFMV$131,299CashEOYFMVAmt
US Government Obligations BOY$553,989USGovernmentObligationsBOYAmt
US Government Obligations EOY$449,782USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$442,151USGovtObligationsEOYFMVAmt
Corporate Stock BOY$358,140CorporateStockBOYAmt
Corporate Stock EOY$360,800CorporateStockEOYAmt
Corporate Stock EOYFMV$421,615CorporateStockEOYFMVAmt
Other Investments BOY$65,076OtherInvestmentsBOYAmt
Other Investments EOY$77,321OtherInvestmentsEOYAmt
Other Investments EOYFMV$90,982OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,030,708TotalAssetsBOYAmt
Total Assets EOY$1,019,205TotalAssetsEOYAmt
Total Assets EOYFMV$1,086,047TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,030,708CapitalStockBOYAmt
Capital Stock EOY$1,019,202CapitalStockEOYAmt
Retained Earning EOY$3RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,030,708TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,019,205TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,030,708TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,019,205TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,030,708TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$54,316ExcessRevenueOverExpensesAmt
Subtotal$1,085,024SubtotalAmt
Other Decreases$65,819OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,019,205TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
UBS FINANCIAL SERVICES INC - 0353P$359,355$357,334$2,021$2,021
UBS FINANCIAL SERVICES INC - 0353P$210,198$138,506$71,692$71,692
UBS FINANCIAL SERVICES INC - 0353P$272$272$272
UBS FINANCIAL SERVICES INC - 0353P$92$92$92
FieldValueIRS element (for citing)
Capital Gain Net Income$74,077CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$2,385NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,278InvestmentIncomeExciseTaxAmt
Subtotal$1,278SubtotalAmt
Tax Based On Investment Income$1,278TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,585EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$2,600ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$5,185TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$5EsPenaltyAmt
Overpayment$3,902OverpaymentAmt
Applied To ES Tax$3,902AppliedToESTaxAmt

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
Website AddressN/AWebsiteAddressTxt
Individual With BooksLLI ADVISORY GROUPIndividualWithBooksNm
Phone9083580500PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1202 NORTH AVENUE EASTAddressLine1Txt
CityCRANFORDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07016ZIPCd
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JOHN V CIOFFI
1900 PURDY AVENUE 2202MIAMI BEACHFL33139PRESIDENT000.00$0$0$0
CONNIE CIOFFI
1900 PURDY AVENUE 2202MIAMI BEACHFL33139TREASURER000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$882,951AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$161,368AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,044,319TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,044,319AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,665CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,028,654NetVlNoncharitableAssetsAmt
Minimum Investment Return$51,433MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$51,433MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,278TaxBasedOnInvestmentIncomeAmt
Total Tax$1,278TotalTaxAmt
Distributable Before Adj$50,155DistributableBeforeAdjAmt
Distributable Before Ded$50,155DistributableBeforeDedAmt
Distributable As Adjusted$50,155DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$115,000ExpensesAndContributionsAmt
Qualifying Distributions$115,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$50,155DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$11,990ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$126,444ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$145,466ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$283,900TotalExcessDistributionCyovAmt
Qualifying Distributions$115,000QualifyingDistributionsAmt
Applied To Current Year$50,155AppliedToCurrentYearAmt
Remaining Distri From Corpus$64,845RemainingDistriFromCorpusAmt
Total Corpus$348,745TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$348,745ExcessDistriCyovToNextYrAmt
Excess From Year3$11,990ExcessFromYear3Amt
Excess From Year2$126,444ExcessFromYear2Amt
Excess From Year1$145,466ExcessFromYear1Amt
Excess From Current Year$64,845ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
FIDO FIXERS
555 SANDY BANK RDMEDIAPA19063NONEPCANIMAL SHELTER AND RESCUE$5,000
RUTLAND COUNTY HUMANE SOCIETY
765 STEVENS RDPITTSFORDVT05763NONEPCANIMAL SHELTER AND RESCUE$10,000
VICTORIA FALLS WILDLIFE TRUST
PO BOX 23183SAN DIEGOCA92193NONEPCANIMAL SHELTER AND RESCUE$15,000
CENTER FOR FAMILY REPRESENTATION
40 WORTH STREET STE 605NEW YORKNY10013NONEPCSOCIAL WORK REPRESENTATION$5,000
AFRICAN MISISON HEALTHCARE
101 N WOODLAND BLVDDELANDFL32720NONEPCHEALTHCARE AND TRAINING$75,000
COLUMBUS CITIZENS FOUNDATION
8 EAST 69TH STREETNEW YORKNY10021NONEPCPRESERVE ITALIAN AMERICAN HERITAGE$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$115,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,843ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,213ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$74,077ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$93,133ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$93,133TotalIncomeProducingActyAmt

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 PersonJOHN CONNIE CIOFFIContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11900 PURDY AVENUE 2202AddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd
FieldValueIRS element (for citing)
Total Contributions$94,673TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (6 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmt
1EXXON MOBIL CORP FM$12,600
1SCHLUMBERGER LTD NETHERLANDS ANT$4,088
1SCHLUMBERGER LTD NETHERLANDS ANT$7,254
1LOWES COMPANIES INC FM$12,930
1SCHLUMBERGER LTD NETHERLANDS ANT$11,430
1TECHNOLOGY SELECT SECTOR SPDR ET$46,371

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$3,125Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
COMMON STOCK EQUITIES - ACCOUNT 9035$314,303$379,726
COMMON STOCK EQUITIES - ACCOUNT 9358$46,497$41,889

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
COMMODITIES - ACCOUNT 90353AT COST$26,749$31,222
COMMODITIES - ACCOUNT 93588AT COST$50,572$59,760

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescMARK-TO-MARKETDesc
Amt$65,819Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMANAGEMENT FEESCategoryTxt
Amt$9,660Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmt
FEDERAL EXCISE TAX$5,268
FOREIGN TAX$186
NY FILING FEES$250

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