Civic Intelligence

The Carl Vincent Bini Memorial Fund

990 • Fiscal year 2015 • EIN 32-0144539

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 17, 2016

Refreshing map…

18 Hervey StreetStaten Island, NY 10309

(718) 412-1851

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.02x

Higher debt load relative to assets than 75% of similar nonprofits.

2015 filings • NTEE W • <$500k nonprofits • Source year 2015

Liabilities / Revenue

76th percentile

0.03x

Higher debt load relative to revenue than 76% of similar nonprofits.

2015 filings • NTEE W • <$500k nonprofits • Source year 2015

Net Margin

66th percentile

17%

Higher net margin than 66% of similar nonprofits.

2015 filings • NTEE W • <$500k nonprofits • Source year 2015

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE W • <$500k nonprofits • Source year 2015

Asset Growth

72nd percentile

17%

Faster asset growth than 72% of similar nonprofits.

2015 filings • NTEE W • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

30th percentile

-12%

Faster revenue growth than 30% of similar nonprofits.

2015 filings • NTEE W • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$212,122

Down $136,953 (-39%) from 2012

Net Assets

Down

$206,994

Down $134,081 (-39%) from 2012

Liabilities

Down

$5,128

Down $2,872 (-36%) from 2012

Revenue

$187,460

No earlier filing loaded for comparison.

Expenses

Up

$156,160

Up $26,166 (+20%) from 2012

Net Income

$31,300

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $35,290Liabilities 2010: $0Net Assets 2010: $35,2902010Assets 2011: $42,892Liabilities 2011: $0Net Assets 2011: $42,8922011Assets 2012: $349,075Liabilities 2012: $8,000Net Assets 2012: $341,0752012Assets 2015: $212,122Liabilities 2015: $5,128Net Assets 2015: $206,9942015Assets 2016: $207,913Liabilities 2016: $42,290Net Assets 2016: $165,6232016Assets 2018: $220,499Liabilities 2018: $61,310Net Assets 2018: $159,1892018Assets 2019: $294,442Liabilities 2019: $69,238Net Assets 2019: $225,2042019Assets 2020: $352,625Liabilities 2020: $48,870Net Assets 2020: $303,7552020Assets 2022: $399,206Liabilities 2022: $73,664Net Assets 2022: $325,5422022Assets 2024: $581,902Liabilities 2024: $98,885Net Assets 2024: $483,0172024

Highlighted filing

2015

Assets$212,122
Liabilities$5,128
Net Assets$206,994

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2010: $11,0622010Expenses 2011: $32,9892011Expenses 2012: $129,9942012Revenue 2015: $187,460Expenses 2015: $156,160Net Income 2015: $31,3002015Revenue 2016: $123,306Expenses 2016: $160,827Net Income 2016: -$37,5212016Revenue 2018: $129,254Expenses 2018: $115,668Net Income 2018: $13,5862018Revenue 2019: $198,091Expenses 2019: $132,076Net Income 2019: $66,0152019Revenue 2020: $254,685Expenses 2020: $176,134Net Income 2020: $78,5512020Revenue 2022: $213,497Expenses 2022: $164,001Net Income 2022: $49,4962022Revenue 2024: $344,929Expenses 2024: $194,745Net Income 2024: $150,1842024

Highlighted filing

2015

Revenue$187,460
Expenses$156,160
Net Income$31,300
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 17, 2016
Return Version
2015v2.1
Gross Receipts
$187,460
Mission and Program Overview

Mission

To provide aid for those in need within our community and beyond through scholarships, emergency grants, and special needs assistance in times of crisis, Through these acts of charity for those who desparately need aid now, it hopes to memorialize the heroism of our fallen hero. Significant activities include the annual golf event that publicizes awarness and fosters donations.

The organization supports the community through scholaships, emergency grants, and special need assistance. The organization is uniquely positioned to adapt to the changing needs of the community, especially in times of crisis. The organization holds various events, such as it's annual golf outing to raise money to help fulfill its mission of providing aid to those in need on staten island.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$155,065$187,049▲ $31,984
Intangible Assets$12,667$11,167▼ $1,500
Land, Buildings, and Equipment, Net$10,661$10,868▲ $207
Prepaid Expenses and Deferred Charges$2,600$3,038▲ $438
Total Assets$180,993$212,122▲ $31,129
Liabilities
Accounts Payable and Accrued Expenses$4,500$5,128▲ $628
Deferred Revenue$800--
Total Liabilities$5,300$5,128▼ $172
Net Assets / Fund Balance
Unrestricted Net Assets$162,809$206,994▲ $44,185
Temporarily Rstr Net Assets$12,884--
Total Net Assets Fund Balance$175,693$206,994▲ $31,301
Total Liabilities and Net Assets / Fund Balance$180,993$212,122▲ $31,129

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,503$3,202-
Equipment$365$1,279-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Massimo DidonnaPresident and Chairman
Desiree DidonnaExec VP and Secretary
Christine BiniExec VP and Treasurer
Anthony GerardiMember
Anthony RappaciuloMember
Chris ChanodMember
Evan CoppMember
Frank ProvenzanoMember
Kevin JamisonMember
Maria ScaliseMember
Michael GregorioMember
Rosemarie CorvinoMember
Stefanie BiniMember
Revenue and Support

Revenue Composition

Contributions and Grants
$187,400
Program Service Revenue
$0
Investment Income
$60
Other Revenue
$0
All Other Contributions
$187,400
Change in Net Assets
$31,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$80,058
Other Expenses$76,102
Total Fundraising Expense$21,622
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$51,977--$51,977
Grants to Domestic Orgs$28,081--$28,081
Advertising$839$3,357$13,525$17,721
Occupancy$3,115$12,460$0$15,575
All Other Expenses$1,218$4,872$0$6,090
Other Expenses$402$1,608$3,642$5,652
Insurance$937$3,748$0$4,685
Office Expenses$0$0$3,474$3,474
Depreciation Depletion$659$2,634$0$3,293
Information Technology$427$1,710$0$2,137
Travel$80$320$0$400
Total Functional Expenses$90,954$43,584$21,622$156,160
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Basketball leagueStaten Island, NY-youth-
Is 34Staten Island, NY-school support-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bikers for Bini$62,368$35,253-$35,253
Back to the Beach$57,225$19,445-$19,445
Total Events$149,487$97,054-$97,054
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Carl Vincent Bini Memorial Fund
EIN
32-0144539
Phone
7184121851
Address
18 HERVEY STREET, STATEN ISLAND, NY 10309

Signing Officer

Name
Massimo Didonna
Title
President
Phone
7184121851
Signed
2016-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Massimo Didonna
Formed
2009
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
50

Preparer

Firm
Rebecca Iacobellis CPA Pllc
Address
280 HIGHWAY 35 STE 304, RED BANK, NJ 07701
Preparer
Rebecca Iacobellis
Phone
3474604895
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The board reviews the financials and the tax return with the accountant prior to signing.

Pt VI, Line 2

The three governing board members are immediate family members

Pt VI, Line 12C

The baord discusses the policy at meetings and with the bookkeeper at least yearly.

Form 990, Part IX, Line 24F

Utilities 1581. 316. 1265. 0. Meals 425. 85. 340. 0. Repairs 2836. 567. 2269. 0. Registration/dues 1248. 250. 998. 0.

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IRS990/PYGrantsAndSimilarPaidAmt0168954
IRS990/PYInvestmentIncomeAmt030
IRS990/PYOtherExpensesAmt092195
IRS990/PYRevenuesLessExpensesAmt0-49027
IRS990/PYTotalExpensesAmt0261149
IRS990/PYTotalRevenueAmt0212122
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt031300
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0187460
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0187400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0212122
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0443600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0843122
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt060
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt090
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0843122
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0187400
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0212122
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0443600
IRS990ScheduleA/Total509Grp/TotalAmt0843122
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0843212
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0365
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01279
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01644
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010503
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03202
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt013705
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010868
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt052433
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt027115
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt037780
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt0-12462
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BIKERS FOR BINI
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BACK TO THE BEACH
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt062368
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt057225
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt029894
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0149487
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt035253
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt019445
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt042356
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt097054
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt097054
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt015384
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt13234
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt24000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt311200
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FUNDS GIVEN TO CHILD WITH HEART PROBLEMS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1FUNDS GIVEN TO FIRE VICTIMS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3FUNDS GIVEN TO VARIOUS FAMILIES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt17
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt22
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt38
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt014940
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt16416
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0computer lab items
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1basketball equipment
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0school support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1youth
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0IS 34
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Basketball league
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0528 Academy Avenue
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt118 Hervey Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Staten Island
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Staten Island
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010307
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110309
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0book
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1book
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0service
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt1rental space
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0Pro Sho Sound
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1FTW Holdings
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt02500
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt11200
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0Board Member and Owner
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt1Board member and Owner
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0service
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt1rent
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS THE FINANCIALS AND THE TAX RETURN WITH THE ACCOUNTANT PRIOR TO SIGNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE THREE GOVERNING BOARD MEMBERS ARE IMMEDIATE FAMILY MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BAORD DISCUSSES THE POLICY AT MEETINGS AND WITH THE BOOKKEEPER AT LEAST YEARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UTILITIES 1581. 316. 1265. 0. MEALS 425. 85. 340. 0. REPAIRS 2836. 567. 2269. 0. REGISTRATION/DUES 1248. 250. 998. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false

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