Colby Operating Foundation

Reno, NV
Tax-exempt since July 2000
EIN: 88-0445730

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Health Support Services (NTEE)

Donations to this organization are tax deductible.

Revenue

$11.6k (2024)

Expenses

$13.2k (2024)

Total Assets

$275k (2024)

Total Liabilities

$10.5k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$11,579

Expenses

$13,155

Net Income

-$1,576

Net Assets

$264,463

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,019	52.0%
Interest Revenue	$0
Dividends	$9,560	82.6%
Sales of Assets	-$4,000
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,000	30.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$274,916
Total Liabilities	$10,453
Net Assets	$264,463

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla A Cassani (Trustee)	$0	$0

990-PF

Filed on May 30, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$13,964

Expenses

$18,203

Net Income

-$4,239

Net Assets

$266,039

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,059	36.2%
Interest Revenue	$0
Dividends	$8,905	63.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,000	43.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$276,492
Total Liabilities	$10,453
Net Assets	$266,039

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla A Cassani (Trustee)	$0	$0

990-PF

Filed on June 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$13,972

Expenses

$8,593

Net Income

$5,379

Net Assets

$270,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,060	21.9%
Interest Revenue	$0
Dividends	$9,713	69.5%
Sales of Assets	$1,199	8.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$280,731
Total Liabilities	$10,453
Net Assets	$270,278

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla A Cassani (Trustee)	$0	$0

990-PF

Filed on July 21, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$17,924

Expenses

$17,124

Net Income

$800

Net Assets

$264,899

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,657	26.0%
Interest Revenue	$0
Dividends	$9,520	53.1%
Sales of Assets	$3,747	20.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,000	23.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$275,352
Total Liabilities	$10,453
Net Assets	$264,899

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla L Cassani (Trustee)	$0	$0

990-PF

Filed on June 27, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$30,777

Expenses

$11,741

Net Income

$19,036

Net Assets

$264,099

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$18,309	59.5%
Interest Revenue	$0
Dividends	$9,055	29.4%
Sales of Assets	$3,413	11.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,000	34.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$274,552
Total Liabilities	$10,453
Net Assets	$264,099

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla L Cassani (Trustee)	$0	$0

990-PF

Filed on May 4, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$21,083

Expenses

$21,457

Net Income

-$374

Net Assets

$245,063

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,156	52.9%
Interest Revenue	$0
Dividends	$9,903	47.0%
Sales of Assets	$24	0.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,000	55.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$255,516
Total Liabilities	$10,453
Net Assets	$245,063

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla L Cassani (Trustee)	$0	$0

990-PF

Filed on Sept. 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$21,449

Expenses

$9,570

Net Income

$11,879

Net Assets

$245,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,742	50.1%
Interest Revenue	$0
Dividends	$9,466	44.1%
Sales of Assets	$1,241	5.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$255,890
Total Liabilities	$10,453
Net Assets	$245,437

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla L Cassani (Trustee)	$0	$0

990-PF

Filed on June 8, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$36,002

Expenses

$33,804

Net Income

$2,198

Net Assets

$233,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,303	59.2%
Interest Revenue	$0
Dividends	$4,883	13.6%
Sales of Assets	$9,816	27.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,000	71.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$257,780
Total Liabilities	$24,222
Net Assets	$233,558

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla L Cassani (Trustee)	$0	$0

990-PF

Filed on May 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$23,099

Expenses

$27,876

Net Income

-$4,777

Net Assets

$231,360

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,748	76.8%
Interest Revenue	$0
Dividends	$5,328	23.1%
Sales of Assets	$23	0.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,000	28.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$238,352
Total Liabilities	$6,992
Net Assets	$231,360

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla L Cassani (Trustee)	$0	$0
Monica Philbin (Director)	$0	$0

990-PF

Filed on May 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$18,610

Expenses

$28,563

Net Income

-$9,953

Net Assets

$236,137

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,357	66.4%
Interest Revenue	$0
Dividends	$5,136	27.6%
Sales of Assets	$1,117	6.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,035	28.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$243,129
Total Liabilities	$6,992
Net Assets	$236,137

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla L Cassani (Trustee)	$0	$0
Monica Philbin (Director)	$0	$0

990-PF

Filed on July 12, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$22,321

Expenses

$38,155

Net Income

-$15,834

Net Assets

$256,368

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$16,495	73.9%
Interest Revenue	$0
Dividends	$5,498	24.6%
Sales of Assets	$328	1.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	52.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$263,360
Total Liabilities	$6,992
Net Assets	$256,368

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla L Cassani (Trustee)	$0	$0
Monica Philbin (Director)	$0	$0

990-PF

Filed on July 9, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$17,527

Expenses

$46,131

Net Income

-$28,604

Net Assets

$272,237

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,698	61.0%
Interest Revenue	$0
Dividends	$5,175	29.5%
Sales of Assets	$1,654	9.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	43.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$275,041
Total Liabilities	$2,804
Net Assets	$272,237

Compensation

Key Employees and Officers	Compensation	Other
John J Cassani (Trustee)	$0	$0
Starla L Cassani (Trustee)	$0	$0
Monica Philbin (Director)	$0	$0

990-PF

Filed on May 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$24,471

Expenses

$45,263

Net Income

-$20,792

Net Assets

$300,906

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,285	70.6%
Interest Revenue	$0
Dividends	$6,943	28.4%
Sales of Assets	$243	1.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,000	17.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$302,013
Total Liabilities	$1,107
Net Assets	$300,906

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$32,221

Expenses

$37,404

Net Income

-$5,183

Net Assets

$321,791

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,995	12.4%
Interest Revenue	$0
Dividends	$9,476	29.4%
Sales of Assets	$18,750	58.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,000	32.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$322,450
Total Liabilities	$659
Net Assets	$321,791

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Updated January 26, 2026

Colby Operating Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $11.6k (2024)

Expenses $13.2k (2024)

Total Assets $275k (2024)

Total Liabilities $10.5k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$11.6k (2024)

Expenses

$13.2k (2024)

Total Assets

$275k (2024)

Total Liabilities

$10.5k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

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2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001