American Civic Association Inc
- Assets
- $213.6k
- Revenue
- $75.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Winchester, MA
- Founding
- 01/1992
- Data as of
- 09/2021
- EIN
- 04-3109868
Organization Overview
American Civic Association Inc, operating under the name Sons Of Italy, is located in Winchester, MA. The organization was established in 1992. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Sons Of Italy employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sons Of Italy 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 09/2021, Sons Of Italy generated $75.2k 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 (10.2%) each year. All expenses for the organization totaled $95.4k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE CELEBRATION OF ITALIAN AMERICAN CULTURE AND TO PROVIDE CIVIC AND PHILANTHROPIC OPPORTUNITIES WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING UNDER LODGE SYSTEM TO PROVIDE FOR PAYMENT OF LIFE, HEALTH, ACCIDENT, AND OTHER INSURANCE BENEFITS TO MEMBERS TO ADVANCE ITALIAN AMERICAN CULTURE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Merenda President | OfficerTrustee | 2 | $0 |
Joseph Paonessa Clerk | OfficerTrustee | 2 | $0 |
Paul Mitrano Treasurer | OfficerTrustee | 2 | $0 |
Michael Serieka Director | Trustee | 2 | $0 |
Mark Frongillo Director | Trustee | 2 | $0 |
Mark Augiello Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,000 |
| Total Program Service Revenue | $40,889 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,582 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $226 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $675 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,461 |
| Insurance | $12,211 |
| All other expenses | $12,029 |
| Total functional expenses | $95,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $124,335 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,605 |
| Total assets | $213,633 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $82,053 |
| Other liabilities | $0 |
| Total liabilities | $82,053 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $131,580 |
| Total liabilities and net assets/fund balances | $213,633 |
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