JOHN V CIOFFI FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
JOHN V CIOFFI FAMILY FOUNDATION (EIN 23-7650708)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202303199349102245
Schema version
2022v5.0
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)
Return2023-11-15T12:54:59-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOHNPersonFirstNm
Person LastCIOFFIPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGERARD IACOVANOPreparerPersonNm
PTINP00437293PTIN
Phone9083580500PhoneNum
Preparation2023-11-15PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,042,002FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$237,848ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,051InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,051InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$15,874DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,992DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$168,714NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$416,148GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$168,714CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$423,487TotalRevAndExpnssAmt
Total Net Invst Incm$184,757TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,800AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$9,008OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$924TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$12,732TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$192,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$192,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$204,832TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$192,100TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$218,655ExcessRevenueOverExpensesAmt
Net Investment Income$184,757NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$278,331CashBOYAmt
Cash EOY$53,503CashEOYAmt
Cash EOYFMV$53,503CashEOYFMVAmt
US Government Obligations BOY$244,355USGovernmentObligationsBOYAmt
US Government Obligations EOY$553,989USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$527,904USGovtObligationsEOYFMVAmt
Corporate Stock BOY$417,273CorporateStockBOYAmt
Corporate Stock EOY$358,140CorporateStockEOYAmt
Corporate Stock EOYFMV$381,948CorporateStockEOYFMVAmt
Other Investments BOY$65,471OtherInvestmentsBOYAmt
Other Investments EOY$65,076OtherInvestmentsEOYAmt
Other Investments EOYFMV$78,647OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,005,430TotalAssetsBOYAmt
Total Assets EOY$1,030,708TotalAssetsEOYAmt
Total Assets EOYFMV$1,042,002TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,005,430CapitalStockBOYAmt
Capital Stock EOY$1,030,708CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,005,430TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,030,708TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,005,430TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,030,708TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,005,430TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$218,655ExcessRevenueOverExpensesAmt
Subtotal$1,224,085SubtotalAmt
Other Decreases$193,377OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,030,708TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
UBS FINANCIAL SERVICES INC - 0353P$99,612$100,130-$518-$518
UBS FINANCIAL SERVICES INC - 0353P$316,016$147,304$168,712$168,712
UBS FINANCIAL SERVICES INC - 0353P$349$349$349
FieldValueIRS element (for citing)
Capital Gain Net Income$168,714CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,568InvestmentIncomeExciseTaxAmt
Subtotal$2,568SubtotalAmt
Tax Based On Investment Income$2,568TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$3,400ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$3,400TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$100EsPenaltyAmt
Overpayment$732OverpaymentAmt
Applied To ES Tax$732AppliedToESTaxAmt

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 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 BEACHFL33139PRESIDENT10.00$0$0$0
CONNIE CIOFFI
1900 PURDY AVENUE 2202MIAMI BEACHFL33139TREASURER10.00$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$898,820AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$100,196AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$999,016TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$999,016AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,985CashDeemedCharitableAmt
Net Vl Noncharitable Assets$984,031NetVlNoncharitableAssetsAmt
Minimum Investment Return$49,202MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$49,202MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,568TaxBasedOnInvestmentIncomeAmt
Total Tax$2,568TotalTaxAmt
Distributable Before Adj$46,634DistributableBeforeAdjAmt
Distributable Before Ded$46,634DistributableBeforeDedAmt
Distributable As Adjusted$46,634DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$192,100ExpensesAndContributionsAmt
Qualifying Distributions$192,100QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$46,634DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$11,990ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$126,444ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$138,434TotalExcessDistributionCyovAmt
Qualifying Distributions$192,100QualifyingDistributionsAmt
Applied To Current Year$46,634AppliedToCurrentYearAmt
Remaining Distri From Corpus$145,466RemainingDistriFromCorpusAmt
Total Corpus$283,900TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$283,900ExcessDistriCyovToNextYrAmt
Excess From Year2$11,990ExcessFromYear2Amt
Excess From Year1$126,444ExcessFromYear1Amt
Excess From Current Year$145,466ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AFRICAN MISSION HEALTHCARE
PO BOX 8598PUEBLOCO81008NONEPCHEALTHCARE$130,000
COLUMBUS CITIZENS FOUNDATION
8 EAST 69TH STREETNEW YORKNY10021NONEPCSCHOLARSHIPS$3,600
FIDO FIXERS
PO BOX 4801GREENWICHCT06831NONEPCANIMAL SHELTER AND RESCUE$10,000
MUSEUM OF AMERICAN FINANCE
48 WALL STREETNEW YORKNY10043NONEPCAMERICAN FINANCE MUSEUM$500
RUTLAND COUNTY HUMANE SOCIETY
765 STEVENS RDPITTSFORDVT05763NONEPCANIMAL SHELTER AND RESCUE$10,000
THE BASS MUSEUM
2100 COLLINS AVEMIAMI BEACHFL33139NONEPCCONTEMPORARY ART MUSEUM$1,000
VICTORIA FALLS WILDLIFE TRUST
PO BOX 23183SAN DIEGOCA92193NONEPCANIMAL SHELTER AND RESCUE$37,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$192,100TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,051ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15,874ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$168,714ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$185,639ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$185,639TotalIncomeProducingActyAmt

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$237,848TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (7 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1ALCOA CORP STOCK$36,3602022-04-04
1RANGE RESOURCES CORP STOCK$35,6252022-11-14
1ALCOA CORP STOCK$35,0922022-04-06
1ALCOA CORP STOCK$23,6132022-06-09
1AMAZON.COM INC STOCK$25,5532022-06-09
1ALCOA CORP STOCK$24,9202022-06-13
1EXXON MOBIL CORP STOCK$56,6852022-11-14

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,800Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
COMMON STOCK EQUITIES - ACCOUNT 9035$330,258$356,356
COMMON STOCK EQUITIES - ACCOUNT 9358$27,882$25,592

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemCOMMODITIES - ACCOUNT 90353CategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$65,076BookValueAmt
EOYFMV$78,647EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescMARK-TO-MARKETDesc
Amt$193,377Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmt
MANAGEMENT FEES$8,659
INVESTMENT EXPENSES$349

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonJOHN AND CONNIE CIOFFIPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11900 PURDY AVENUE APT 2202AddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxtAmtAmt
FEDERAL EXCISE TAX$272
FOREIGN TAX$152
NY FILING FEES$250
NY UBIT TAX$250

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