Italian Center Of Stamford Inc

Organization Overview

Italian Center Of Stamford Inc is located in Stamford, CT. The organization was established in 1958. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Italian Center Of Stamford Inc employed 249 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Italian Center Of Stamford Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Italian Center Of Stamford Inc generated $3.3m 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 (7.1%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION PROVIDES EDUCATIONAL, RECREATIONAL, CHARITABLE, CULTURAL AND SOCIAL PROGRAMS AND FACILITIES TO MEMBERS AND THE GENERAL PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUMMER CAMP AND PRESCHOOL - SUMMER CAMP FOR AGES 3 TO 12 YEARS OLD ALLOW YOUNG CHILDREN TO DEVELOP, GROW AND LEARN WHILE HAVING FUN. FULL AND HALF DAY PROGRAMS ARE OFFERED. THE FULLY LICENSED PRESCHOOL PROVIDES 3 AND 4 YEAR OLD CHILDREN WITH A GREAT ENVIROMENT FOR BOTH LEARNING AND PLAY.


BANQUET AND CENTER FUNCTIONS


ATHLETIC AND RECREATIONAL PROGRAMS - THE ITALIAN CENTER PROVIDES A VARIETY OF ATHLETIC AND RECREATIONAL PROGRAMS...SWIM LESSONS, EXERCISE AND TRAINING CLASSES, AFTER SCHOOL PROGRAMS FOR CHILDREN, TENNIS CLINICS AND LESSONS, PLATFORM TENNIS CLINICS. PROGRAMS ARE PROVIDED THROUGHOUT THE YEAR. TOTAL PROGRAM PARTICIPATION WAS 2,800 MEMBERS.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,628,075
Investment income $122
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $57,000
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 $0
Miscellaneous Revenue$0
Total Revenue $3,304,149

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Italian Center Of Stamford Inc has recieved totaling $22,022.

Awarding OrganizationAmount
Fairfield Countys Community Foundation Inc

Norwalk, CT

PURPOSE: FOR GENERAL SUPPORT.

$20,000
Coloni Family Foundation Inc

DeBary, FL

PURPOSE: UNRESTRICTED

$2,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$22
View Grant Recipient Profile

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