JOHN V CIOFFI FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
JOHN V CIOFFI FAMILY FOUNDATION (EIN 23-7650708)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-06
IRS object ID
202513109349101446
Schema version
2024v5.0
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)
Return2025-11-06T16:42:17-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Phone2125336903PhoneNum
Signature2025-05-07SignatureDt
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
Preparation2025-10-29PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,190,263FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$49,639ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$10,482InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10,482InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$14,061DividendsRevAndExpnssAmt
Dividends Net Invst Incm$13,488DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$20,559NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$800,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$20,210CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$94,741TotalRevAndExpnssAmt
Total Net Invst Incm$44,180TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$250AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$9,493OtherProfFeesRevAndExpnssAmt
Interest Rev And Expnss$1,835InterestRevAndExpnssAmt
Taxes Rev And Expnss$2,961TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$14,539TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$57,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$47,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$71,539TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$47,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$23,202ExcessRevenueOverExpensesAmt
Net Investment Income$44,180NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$131,302CashBOYAmt
Cash EOY$132,894CashEOYAmt
Cash EOYFMV$132,899CashEOYFMVAmt
US Government Obligations BOY$449,782USGovernmentObligationsBOYAmt
US Government Obligations EOY$493,030USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$487,840USGovtObligationsEOYFMVAmt
Corporate Stock BOY$360,800CorporateStockBOYAmt
Corporate Stock EOY$336,067CorporateStockEOYAmt
Corporate Stock EOYFMV$484,157CorporateStockEOYFMVAmt
Other Investments BOY$77,321OtherInvestmentsBOYAmt
Other Investments EOY$77,405OtherInvestmentsEOYAmt
Other Investments EOYFMV$85,367OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,019,205TotalAssetsBOYAmt
Total Assets EOY$1,039,396TotalAssetsEOYAmt
Total Assets EOYFMV$1,190,263TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,019,202CapitalStockBOYAmt
Retained Earning BOY$3RetainedEarningBOYAmt
Retained Earning EOY$1,039,396RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,019,205TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,039,396TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,019,205TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,039,396TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,019,205TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$23,202ExcessRevenueOverExpensesAmt
Subtotal$1,042,407SubtotalAmt
Other Decreases$3,011OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,039,396TotNetAstOrFundBalancesEOYAmt

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 2558P$607,282$609,580-$2,298-$2,298
UBS FINANCIAL 2558P$192,318$169,861$22,457$22,457
UBS FINANCIAL 2558P$51$51$51
FieldValueIRS element (for citing)
Capital Gain Net Income$20,210CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$614InvestmentIncomeExciseTaxAmt
Subtotal$614SubtotalAmt
Tax Based On Investment Income$614TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,902EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,902TotalPaymentsAndCreditsAmt
Overpayment$3,288OverpaymentAmt
Applied To ES Tax$3,288AppliedToESTaxAmt

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

FieldValueIRS element (for citing)
PersonJOHN V CIOFFIPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11900 PURDY AVENUE 2202AddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
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$1,091,583AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$52,440AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,144,023TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,144,023AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$17,160CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,126,863NetVlNoncharitableAssetsAmt
Minimum Investment Return$56,343MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$56,343MinimumInvestmentReturnAmt
Tax Based On Investment Income$614TaxBasedOnInvestmentIncomeAmt
Total Tax$614TotalTaxAmt
Distributable Before Adj$55,729DistributableBeforeAdjAmt
Distributable Before Ded$55,729DistributableBeforeDedAmt
Distributable As Adjusted$55,729DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$47,000ExpensesAndContributionsAmt
Qualifying Distributions$47,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$55,729DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$11,990ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$126,444ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$145,466ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$64,845ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$348,745TotalExcessDistributionCyovAmt
Qualifying Distributions$47,000QualifyingDistributionsAmt
Applied To Current Year$47,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$8,729ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$8,729ExcessDistributionCyovAppCYAmt
Total Corpus$340,016TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$340,016ExcessDistriCyovToNextYrAmt
Excess From Year4$3,261ExcessFromYear4Amt
Excess From Year3$126,444ExcessFromYear3Amt
Excess From Year2$145,466ExcessFromYear2Amt
Excess From Year1$64,845ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
RUTLAND COUNTY HUMANE SOCIETY
765 STEVENS RDPITTSFORDVT05763NONEPCANIMAL SHELTER AND RESCUE$10,000
VICTORIA FALLS WILDLIFE TRUST
PO BOX 23183SAN DIEGOCA92193NONEPCANIMAL SHELTER AND RESCUE$30,000
COLUMBUS CITIZENS FOUNDATION
8 EAST 69TH STREETNEW YORKNY10021NONEPCPRESERVE ITALIAN AMERICAN HERITAGE$5,000
NO GREATER SACRIFICE
601 PENNSYLVANIA AVE NWWASHINGTONDC20004NONEPCSUPPORT CHILDREN OF FALLEN SOLDIERS$2,000
PROVIDENCE ANIMAL CENTER
555 SANDY BANK ROADMEDIAPA19063NONEPCANIMAL SHELTER & RESCUE$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$57,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,482ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14,061ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$20,210ExclusionAmt
Related Or Exempt Function Incm$349RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$44,753ExclusionAmt
Related Or Exempt Function Incm$349RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$45,102TotalIncomeProducingActyAmt

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$49,639TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1KINDER MORGAN INC$24,8982024-12-30
1UBS GROUP AG FM MX$24,7412024-12-31

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$250Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetUBS FINANCIAL 3588AssetDesc
How AcquiredPURCHASEHowAcquiredTxt
Gross Sales Price$349GrossSalesPriceAmt
Total Net$349TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
COMMON STOCK EQUITIES - ACCOUNT 9035$284,083$411,401
COMMON STOCK EQUITIES - ACCOUNT 9358$51,984$72,756

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
COMMODITIES - ACCOUNT 90353AT COST$27,155$20,998
COMMODITIES - ACCOUNT 93588AT COST$50,250$64,369

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescMARK-TO-MARKETDesc
Amt$3,011Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMANAGEMENT FEESCategoryTxt
Amt$9,493Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmt
FEDERAL EXCISE TAX$2,600
FOREIGN TAX$111
NY FILING FEES$250

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