Sons Of Italy In America
- Assets
- $321.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Derby, CT
- Founding
- 12/1971
- Data as of
- 12/2021
- EIN
- 06-0904790
Organization Overview
Sons Of Italy In America is located in Derby, CT. The organization was established in 1971. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit 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 $76.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $87.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 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 Program Activity:
Part 3
ALL INCOME WAS USED FOR LIFE AND OTHER BENEFITS EXCLUSIVELY FOR MEMBERS AND THEIR DEPENDANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Boanno Recording Sec. | 5 | $0 | |
Marcello Onofrio Secretary | 5 | $0 | |
Dan Onofrio President | 5 | $0 | |
Louis Giordano Vice President | 5 | $0 | |
Anna-Maria Onofrio Trustee | 0 | $0 | |
Joseph Bellizzi Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,065 |
| Total Program Service Revenue | $0 |
| Membership dues | $12,170 |
| Investment income | $29,751 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,998 |
| Other Revenue | $0 |
| Total Revenue | $75,958 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,800 |
| Occupancy, rent, utilities, and maintenance | $59,035 |
| Printing, publications, postage, and shipping | $66 |
| Other expenses | $21,309 |
| Total expenses | $86,983 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,150 |
| Other assets | $0 |
| Total assets | $321,321 |
| Total liabilities | $3,743 |
| Net assets or fund balances | $317,578 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maimonides Benevolent Society Elmont, NY | $7,239,416 | $897,954 |
Fraternal Order Of Police Empire State Lodge Inc Hicksville, NY | $1,248,949 | $630,777 |
Independent Order Of Odd Fellows Abington, MA | $15,887,983 | $766,901 |
Fraternal Order Of Police Norton, MA | $117,728 | $633,890 |
Fraternal Order Of Police Providence, RI | $778,192 | $546,357 |
Knights Of Columbus Middle Village, NY | $170,307 | $586,121 |
Knights Of Columbus Norwood, MA | $331,398 | $310,051 |
Sons Of Italy Of America Belmont, MA | $118,522 | $241,238 |
Sons Of Italy In America Blauvelt, NY | $315,136 | $206,376 |
Sons Of Italy In America Bellmore, NY | $360,509 | $253,483 |
Knights Of Columbus Cheektowaga, NY | $1,345,660 | $310,203 |
Ancient Free & Accepted Mason Of Connecticut New Britain, CT | $1,435,901 | $242,066 |