Overview
What is Columbia Arms Inc?
Columbia Arms Inc, located at 664 Elm Street, Kearny, New Jersey, operates as a 501(c)(3) nonprofit organization. Previously, its mission was to provide housing for low-income elderly individuals. However, it has now shifted its focus to liquidating its assets, minus expenses, to other eligible 501(c)(3) nonprofit organizations. The organization currently employs one individual.
Is Columbia Arms Inc legitimate?
Columbia Arms Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Arms Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $61,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Columbia Arms Inc?
Columbia Arms Inc, as a 500(3)C non-profit organization, has revised its mission to liquidate its assets, excluding expenses, and transfer them to other eligible 501(3)C non-profit organizations. This transition is aimed at supporting other charitable organizations with the resources collected during its operation. The project continues to operate under its new mission, shifting its focus from providing housing for low-income elderly individuals to this asset distribution process.
Who is the CEO of Columbia Arms Inc?
James A Gabriele Jr is the Chairman of Columbia Arms Inc.
What is the revenue of Columbia Arms Inc?
Columbia Arms Inc's revenue in 2022 was $143,365.
Who are the executives of Columbia Arms Inc and what are their salaries?
The average compensation at Columbia Arms Inc during 2022 was $61,450. There is 1 employee at Columbia Arms Inc.
Here are 8 key members and their salaries:
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- Compensation: $250
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- Compensation: $61,200
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- Other: $0
Where can I find the form 990 for Columbia Arms Inc?
Columbia Arms Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Columbia Arms Inc
Columbia Arms Inc, as a 501(C)(3) non-profit organization, has shifted its mission from operating a building for low-income elderly individuals to liquidating its assets, minus expenses, to other eligible 501(3)(C) non-profit organizations. This transition signifies a significant change in the organization's focus, aiming to distribute its resources to other charitable entities that align with its original mission of providing support to the community. By liquidating its assets, Columbia Arms Inc aims to make a broader impact by contributing to various causes and initiatives within the non-profit sector. This change in mission demonstrates the organization's commitment to using its resources effectively and efficiently to support other worthy causes.
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Impact
October, 2024
Columbia Arms Inc has made a significant impact by transitioning its mission to focus on the liquidation of assets and redistributing those resources to other 501(c)(3) nonprofit organizations. Based in Kearny, NJ, this initiative ensures that valuable resources are efficiently reallocated to support various charitable causes, thereby maximizing the benefits to underserved communities and enhancing the overall nonprofit ecosystem.
By liquidating its assets, Columbia Arms Inc aims to support organizations that can effectively address community needs, particularly those that continue to promote social welfare. This strategic pivot not only helps in optimizing the use of existing assets but also fosters collaboration among nonprofits, creating a ripple effect of benefits that can uplift various programs and services within the community. Ultimately, Columbia Arms Inc's approach demonstrates a commitment to enhancing social impact and empowering other organizations to further their missions.
This information is meant to be a general summary of Columbia Arms Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $143,365
- Gross Receipts: $533,334
Assets and Liabilities:
- Total Assets: $2,195,269
- Total Liabilities: $11,049
- Net Assets: $2,184,220
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Organization Details
Founding Year
1987
Phone
(201) 659-8894Principal Officer
James A Gabriele Jr
Main Address
664 ELM STREET, KEARNY, NJ, 07032
NTEE Category
Code: Z99Z - Unknown
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