Civic Intelligence

The Piccioni Foundation

EIN 54-6509350 • 501(c)3 • Franklin, OH

Profile

To support the atrium medical center foundation..

4471 Burnham Woods DriveFranklin, OH 45005-5467

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

26th percentile

-16%

Higher net margin than 26% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

46th percentile

-4.7%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2025

Assets

Up

$281,258

Up $5,092 (+1.8%) from 2022

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

Up

$281,258

Up $5,092 (+1.8%) from 2022

Revenue

Down

-$18,445

Down $33,484 (-223%) from 2022

Expenses

Down

$16,575

Down $999 (-5.7%) from 2022

Net Income

Down

-$35,020

Down $32,485 (-1281%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2011: $301,792Net Assets 2011: $301,7922011Assets 2012: $336,174Net Assets 2012: $336,1742012Assets 2013: $302,703Net Assets 2013: $302,7032013Assets 2014: $311,189Liabilities 2014: $02014Assets 2015: $301,089Net Assets 2015: $301,0892015Assets 2016: $298,625Net Assets 2016: $298,6252016Assets 2017: $318,122Liabilities 2017: $02017Assets 2018: $286,530Liabilities 2018: $0Net Assets 2018: $286,5302018Assets 2019: $322,748Net Assets 2019: $322,7482019Assets 2020: $326,400Net Assets 2020: $326,4002020Assets 2021: $334,899Net Assets 2021: $334,8992021Assets 2022: $276,166Net Assets 2022: $276,1662022Assets 2023: $281,258Liabilities 2023: $0Net Assets 2023: $281,2582023

Highlighted filing

2023

Assets$281,258
Liabilities$0
Net Assets$281,258

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$20K$0-$20K-$40KRevenue 2011: $21,426Expenses 2011: $19,333Net Income 2011: $2,0932011Revenue 2012: $20,287Expenses 2012: $19,850Net Income 2012: $4372012Revenue 2013: $18,597Expenses 2013: $20,844Net Income 2013: -$2,2472013Revenue 2014: $18,614Expenses 2014: $18,544Net Income 2014: $702014Revenue 2015: $18,354Expenses 2015: $19,421Net Income 2015: -$1,0672015Revenue 2016: $17,193Expenses 2016: $21,027Net Income 2016: -$3,8342016Revenue 2017: $18,924Expenses 2017: $15,537Net Income 2017: $3,3872017Revenue 2018: $19,242Expenses 2018: $17,287Net Income 2018: $1,9552018Revenue 2019: $15,112Expenses 2019: $17,227Net Income 2019: -$2,1152019Revenue 2020: $16,815Expenses 2020: $13,639Net Income 2020: $3,1762020Revenue 2021: $17,821Expenses 2021: $19,078Net Income 2021: -$1,2572021Revenue 2022: $15,039Expenses 2022: $17,574Net Income 2022: -$2,5352022Revenue 2023: -$18,445Expenses 2023: $16,575Net Income 2023: -$35,0202023

Highlighted filing

2023

Revenue-$18,445
Expenses$16,575
Net Income-$35,020

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 26, 2024
Return Version
2023v5.0
Gross Receipts
$306,598
Mission and Program Overview

Mission

The Purpose is to support Atrium Medical Center Foundation and the Middletown Community Foundation (Ohio)

The purpose is to support the atrium medical center foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$276,166$281,258▲ $5,092
Cap Stk Tr Prin Current Funds$276,166$281,258▲ $5,092
Total Assets$276,166$281,258▲ $5,092
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$276,166$281,258▲ $5,092
Total Liabilities and Net Assets / Fund Balance$276,166$281,258▲ $5,092
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-18,445
Other Revenue
$0
Change in Net Assets
$-35,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$15,000
Other Expenses$1,575
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$15,000--$15,000
Fees for Service Investment Mgmnt Fees$875$0$0$875
Fees for Services Accounting$500$0$0$500
Fees for Services Other$200$0$0$200
Total Functional Expenses$16,575$0$0$16,575
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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

Governance Explanations

Form 990, Part VI, Line 9

Ronald v pullman 943 blackhawk road beaver falls pa 15010

Form 990, Part VI, Line 9

Halver h haugen 4955 riverview avenue middletown oh 45042

Filing and Contact Details

Filer

Filer Name
The Piccioni Foundation
EIN
54-6509350
Phone
5134201779
Address
4471 BURNHAM WOODS DRIVE, FRANKLIN, OH 45005-5467
Doing Business As
The Piccioni Foundation

Signing Officer

Name
Patrick J Piccioni
Title
Trustee
Phone
5134201779
Signed
2024-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick J Piccioni
Formed
2003
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Halver H Haugen
Address
4955 Riverview Avenue, Middletown, OH 45042
Preparer
Halver H Haugen
Phone
5134224699
Supplemental Narrative

Additional Explanations

Pt III, Line 2

Purpose is to support only the atrium medical center foundation 31-1079213, one atrium drive middletown oh 45005. The piccioni foundation provided a 2023 tax year $15,000 grant to atrium medical center foundation to buy an in-motion arm for stroke, spinal cord injury, ms and other related illnesses. This is noted in lieu of filing schedule i (form 990).

Pt III, Line 2

The piccioni foundation supported the atrium medical center foundation to buy an in-motion arm for stroke, spinal cord, ms, and related injuries.

Pt VI, Line 19

The piccioni foundation makes its governing policies, conflict of interest on demand and financial statements available to the public on public domain.

Pt XII, Line 1

Because of the stock market volatity in 2023 the board decided to liquidate the majority of the foundation's assets. To better protect the principal value, by investing in a nationwide annuity. The annuity came with a thirty percent sign on bonus(increase applies to withdrawl value only) plus an eight percent minimum return for ten years. We will be begin making withdrawals for atrium medical center foundation projects in 2024. We will still be using account rbc 86621 for all written checks.

Pt XII, Line 1

RECONCILING ITEMS:

Pt XII, Line 1

Rbc 86621 change in market value $ 4,289

Pt XII, Line 1

Rbc 86625 change in market value $ 9,176

Pt XII, Line 1

Reconciling items $ 1,071

Pt XII, Line 1

Liquidation of rbc 86625 $-171,592

Pt XII, Line 1

Transfer of balance to rbc 86621 $ 171,592

Pt XII, Line 1

Deposited rmd from acct 86628 $ 4,313

Pt XII, Line 1

Add back capital loss rbc 86625 $ 22,254

Pt XII, Line 1

Add back capital loss rbc 86621 $ 880

Pt XII, Line 1

Purchase of nationwide annuity $-280,000

Pt XII, Line 1

Value of nationwide annuity $ 278,129

Pt XII, Line 1

Total reconciling items $ 40,112

Pt VI, Line 11B

The draft form 990 is reviewed by at least two members of the piccioni foundation prior to preparing the return. The return is then distriubed to each trustee.

Pt VI, Line 12C

The conflict of interest is discussed at every meeting of the trustees to insure comliance with our written conflict of interest policy.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Trustee Halver H. Haugen of The Piccioni Foundation was appointed by the Atrium Medical Center Foundation as their representative to keep them advised of the activities of The Piccioni Foundation. The information is documented by letter to the Atrium Medical Center Foundation. Trustee Patrick J. Piccioni also is in constant and continual contact with the Atrium Medical Center Foundation. Patrick J. Piccioni serves on various committees which gives him insight into the current and future needs of the Atrium Medical Center. The Piccioni Foundation mainly supports 100% of the projects it selects. This allows The Piccioni Foundation to control the funding from start to finish and to actually review the project impact on the hospital community. In addition, the Atrium Medical Center Foundation uses The Piccioni Foundation to kick off major campaigns by committing funds for designated projects, which in turn will attract other donors.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PURPOSE IS TO SUPPORT ONLY THE ATRIUM MEDICAL CENTER FOUNDATION 31-1079213, ONE ATRIUM DRIVE MIDDLETOWN OH 45005. THE PICCIONI FOUNDATION PROVIDED A 2023 TAX YEAR $15,000 GRANT TO ATRIUM MEDICAL CENTER FOUNDATION TO BUY AN IN-MOTION ARM FOR STROKE, SPINAL CORD INJURY, MS AND OTHER RELATED ILLNESSES. THIS IS NOTED IN LIEU OF FILING SCHEDULE I (FORM 990).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PICCIONI FOUNDATION SUPPORTED THE ATRIUM MEDICAL CENTER FOUNDATION TO BUY AN IN-MOTION ARM FOR STROKE, SPINAL CORD, MS, AND RELATED INJURIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PICCIONI FOUNDATION MAKES ITS GOVERNING POLICIES, CONFLICT OF INTEREST ON DEMAND AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON PUBLIC DOMAIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BECAUSE OF THE STOCK MARKET VOLATITY IN 2023 THE BOARD DECIDED TO LIQUIDATE THE MAJORITY OF THE FOUNDATION'S ASSETS. TO BETTER PROTECT THE PRINCIPAL VALUE, BY INVESTING IN A NATIONWIDE ANNUITY. THE ANNUITY CAME WITH A THIRTY PERCENT SIGN ON BONUS(INCREASE APPLIES TO WITHDRAWL VALUE ONLY) PLUS AN EIGHT PERCENT MINIMUM RETURN FOR TEN YEARS. WE WILL BE BEGIN MAKING WITHDRAWALS FOR ATRIUM MEDICAL CENTER FOUNDATION PROJECTS IN 2024. WE WILL STILL BE USING ACCOUNT RBC 86621 FOR ALL WRITTEN CHECKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RECONCILING ITEMS:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RBC 86621 CHANGE IN MARKET VALUE $ 4,289
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RBC 86625 CHANGE IN MARKET VALUE $ 9,176
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7RECONCILING ITEMS $ 1,071
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LIQUIDATION OF RBC 86625 $-171,592
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TRANSFER OF BALANCE TO RBC 86621 $ 171,592
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DEPOSITED RMD FROM ACCT 86628 $ 4,313
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ADD BACK CAPITAL LOSS RBC 86625 $ 22,254
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12ADD BACK CAPITAL LOSS RBC 86621 $ 880
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13PURCHASE OF NATIONWIDE ANNUITY $-280,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14VALUE OF NATIONWIDE ANNUITY $ 278,129
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15TOTAL RECONCILING ITEMS $ 40,112
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16THE DRAFT FORM 990 IS REVIEWED BY AT LEAST TWO MEMBERS OF THE PICCIONI FOUNDATION PRIOR TO PREPARING THE RETURN. THE RETURN IS THEN DISTRIUBED TO EACH TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17THE CONFLICT OF INTEREST IS DISCUSSED AT EVERY MEETING OF THE TRUSTEES TO INSURE COMLIANCE WITH OUR WRITTEN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18RONALD V PULLMAN 943 BLACKHAWK ROAD BEAVER FALLS PA 15010
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19HALVER H HAUGEN 4955 RIVERVIEW AVENUE MIDDLETOWN OH 45042
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