Civic Intelligence

The Philip Cuomo Family Foundation Inc

EIN 87-2462457 • 501(c)3 • Winter Springs, FL

Profile

The Philip Cuomo Family Foundation was formed to ensure that Philip Cuomos life work would continue. Its stated mission is to support the arts in Portland. Its first project, which was begun by Philip, was to purchase the CoHo Theatre building, in order that it remain a theatre.The Philip Cuomo Family Foundation is committed to preserving the legacy of Philip Cuomo, theatre artist and arts administrator. Philip was a passionate advocate for new work development and community engagement. As Producing Artistic Director of CoHo Productions, he had overseen the development and production of dozens of new plays, as well as programs that supported emerging artists and engaged with Portlands diverse communities.

776 Kissimmee PlaceWinter Springs, FL 32708

www.philipcuomofamilyfoundation.org

Siviq Scores

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

Liabilities / Assets

88th percentile

0.68x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

5.28x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

83rd percentile

35%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-12%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,064,384

Up $523,612 (+21%) from 2022

Liabilities

Up

$2,086,045

Up $176,045 (+9.2%) from 2022

Net Assets

Up

$978,339

Up $347,567 (+55%) from 2022

Revenue

Down

$394,965

Down $108,211 (-22%) from 2022

Expenses

Up

$257,017

Up $117,684 (+84%) from 2022

Net Income

Down

$137,948

Down $225,895 (-62%) from 2022

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2022: $2,540,772Liabilities 2022: $1,910,000Net Assets 2022: $630,7722022Assets 2024: $3,064,384Liabilities 2024: $2,086,045Net Assets 2024: $978,3392024

Highlighted filing

2024

Assets$3,064,384
Liabilities$2,086,045
Net Assets$978,339

Operations Trend

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

$600K$400K$200K$0Revenue 2022: $503,176Expenses 2022: $139,333Net Income 2022: $363,8432022Revenue 2024: $394,965Expenses 2024: $257,017Net Income 2024: $137,9482024

Highlighted filing

2024

Revenue$394,965
Expenses$257,017
Net Income$137,948

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 16, 2025
Return Version
2024v5.1
Gross Receipts
$481,766
Mission and Program Overview

Mission

To promote the arts in Portland OR

The Philip Cuomo Family Foundation was formed to ensure that Philip Cuomos life work would continue. Its stated mission is to support the arts in Portland. Its first project, which was begun by Philip, was to purchase the CoHo Theatre building, in order that it remain a theatre.The Philip Cuomo Family Foundation is committed to preserving the legacy of Philip Cuomo, theatre artist and arts administrator. Philip was a passionate advocate for new work development and community engagement. As Producing Artistic Director of CoHo Productions, he had overseen the development and production of dozens of new plays, as well as programs that supported emerging artists and engaged with Portlands diverse communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,410,358$2,873,651▲ $463,293
Cash and Non-Interest-Bearing Accounts$365,033$190,733▼ $174,300
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,775,391$3,064,384▲ $288,993
Other Assets Total-$0-
Liabilities
Other Liabilities$1,935,000$1,902,750▼ $32,250
Accounts Payable and Accrued Expenses-$183,295-
Total Liabilities$1,935,000$2,086,045▲ $151,045
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$840,391$978,339▲ $137,948
Total Net Assets Fund Balance$840,391$978,339▲ $137,948
Total Liabilities and Net Assets / Fund Balance$2,775,391$3,064,384▲ $288,993

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,810,360$139,640$1,950,000
Land$550,000-$550,000
Leasehold Improvements$513,291$1,101$514,392
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leo F CuomoPresident
Claudia GabelDirector
Leo CuomoDirector
Michele CuomoDirector
Sydney GabelDirector
Lisa GabelSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$327,613
Program Service Revenue
$0
Investment Income
$5,478
Other Revenue
$61,874
All Other Contributions
$327,613
Change in Net Assets
$137,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,517
Professional Fundraising Fees$85,500
Total Fundraising Expense$85,500
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$90,000-$90,000
Fees for Services Professional Fundraising--$85,500$85,500
Depreciation Depletion-$51,099-$51,099
Fees for Services Accounting-$5,642-$5,642
Other Expenses-$203-$203
Total Functional Expenses$0$171,517$85,500$257,017
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$85,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan on Building$1,900,000
Prepaid Tenant Rent$1,750
Security Deposits Held$1,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Philip Cuomo Family Foundation Inc
EIN
87-2462457
Phone
4078789189
Address
776 Kissimmee Place, Winter Springs, FL 32708

Signing Officer

Name
Michele Cuomo
Title
Director
Signed
2025-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele Cuomo
Formed
2021
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
0
Employees
0

Preparer

Firm
1800accountant LLC
Address
260 MADISON AVE 10TH FLOOR, NEW YORK, NY 10016
Preparer
Lei Wang CPA EA
Phone
8002226868
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0514392
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01900000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Loan on Building
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Prepaid Tenant Rent
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Security Deposits Held
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02873651
IRS990ScheduleD/TotalLiabilityAmt01902750
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02775391
IRS990/TotalAssetsEOYAmt03064384
IRS990/TotalAssetsGrp/BOYAmt02775391
IRS990/TotalAssetsGrp/EOYAmt03064384
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0327613
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt085500
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0171517
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0257017
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01935000
IRS990/TotalLiabilitiesEOYAmt02086045
IRS990/TotalLiabilitiesGrp/BOYAmt01935000
IRS990/TotalLiabilitiesGrp/EOYAmt02086045
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0840391
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0978339
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt067352
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0394965
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02775391
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03064384
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0776 Kissimmee Place
IRS990/USAddress/CityNm0Winter Springs
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032708
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0https://www.philipcuomofamilyfoundation.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michele Cuomo
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Philip Cuomo Family Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0PHIL
ReturnHeader/Filer/EIN0872462457
ReturnHeader/Filer/PhoneNum04078789189
ReturnHeader/Filer/USAddress/AddressLine1Txt0776 Kissimmee Place
ReturnHeader/Filer/USAddress/CityNm0Winter Springs
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032708
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454608263
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt01800ACCOUNTANT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0260 MADISON AVE 10TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010016
ReturnHeader/PreparerPersonGrp/PhoneNum08002226868
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lei Wang CPA EA
ReturnHeader/ReturnTs02025-05-16T08:14:20-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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