Sons Of Italy In America
- Assets
- $322.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Weymouth, MA
- Founding
- 06/1941
- Data as of
- 12/2021
- EIN
- 04-2081227
Organization Overview
Sons Of Italy In America is located in Weymouth, MA. The organization was established in 1941. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sons Of Italy In America is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Sons Of Italy In America generated $120.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $102.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SERVES THE COMMUNITY IN MANY WAYS. THE PRIMARY USE IS THE FREE RENTAL OF THE MEETING HALL FOR LOCAL EVENTS INCLUDING HOLIDAY PARTIES FOR THE ELDERLY AND LOCAL SCHOOLS. THE HALL IS ALSO AVAILABLE FOR FAMILIES FOR GATHERINGS AFTER FUNERAL SERVICES, WHICH IS ALSO FREE OF CHARGE.
Describe the Organization's Program Activity:
Part 3
ACTS AS INTERMEDIARY FOR BEREAVED MEMBERS BY OBTAINING FREE USE OF FACILITIES FOR POST-FUNERAL MEMORIAL SERVICES. ALSO FOR CIVIC ACTIVITIES.
SCHOLARSHIPS GIVEN TO HIGH SCHOOL STUDENTS DONATIONS TO VARIOUS ORGANIZATIONS SUCH AS SCHOOL SPORTS, JOSLIN DIABETES CENTER, AMERICAN RED CROSS, AND OTHER 501C(3) ORGANIZATIONS.
GRAND LODGE DUES AND CONVENTIONS FOR BENEFIT OF MEMBERS
POSTAGE, PRINTING, CONFERENCES AND MEETINGS FOR BENEFIT OF MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Bagen Director | 0.1 | $1,100 | |
Bernard Mcdonald President | 0 | $0 | |
Steve Berardi Clerk | 0 | $0 | |
Jim Anderton Treasurer | 0 | $0 | |
Ron Frado Director | 0 | $0 | |
Richard DE Bona Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $61,063 |
| Membership dues | $4,671 |
| Investment income | $234 |
| Gain or Loss | $54,456 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,424 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,100 |
| Professional fees and other payments to independent contractors | $15,997 |
| Occupancy, rent, utilities, and maintenance | $31,104 |
| Printing, publications, postage, and shipping | $2,072 |
| Other expenses | $52,369 |
| Total expenses | $102,642 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $322,067 |
| Other assets | $0 |
| Total assets | $322,323 |
| Total liabilities | $0 |
| Net assets or fund balances | $322,323 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |