Federation Of Italian American Org Of Brooklyn Ltd
- Assets
- $18.0m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 509
- Location
- Brooklyn, NY
- Founding
- 03/1993
- Data as of
- 06/2024
- EIN
- 11-2507910
Organization Overview
Federation Of Italian American Org Of Brooklyn Ltd is located in Brooklyn, NY. The organization was established in 1993. According to its NTEE Classification (X40) the organization is classified as: Islam, under the broad grouping of Religion-Related and related organizations. As of 06/2024, Federation Of Italian American Org Of Brooklyn Ltd employed 509 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of Italian American Org Of Brooklyn Ltd 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 06/2024, Federation Of Italian American Org Of Brooklyn Ltd generated $8.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $8.1m during the year ending 06/2024. While expenses have increased by 10.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FEDERATION OF ITALIAN AMERICAN ORGANIZATION OF BROOKLYN LTD. ALSO KNOWN AS F.I.A.O. BROOKLYN IS A 501(C)(3) NOT-FOR-PROFIT, CHARITABLE COMMUNITY SERVICE ORGANIZATION ESTABLISHED IN 1977. FIAO WAS CREATED FROM THE EFFORTS OF DOZENS OF ITALIAN AMERICAN ORGANIZATIONS TO UNITE, GALVANIZE RESOURCES, AND PROVIDE SERVICES TO THE COMMUNITY DURING A TIME WHEN MANY ITALIANS WERE IMMIGRATING TO THE UNITED STATES. FOR OVER FORTY YEARS, FIAO HAS PROVIDED A GAMUT OF SERVICES DIRECTED AT IMPROVING THE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES IN OUR SOUTH BROOKLYN COMMUNITY WITH PARTICULAR FOCUS ON IMMIGRANTS, SENIORS, AND YOUTH. TODAY, FIAO'S FREE SERVICES INCLUDE SOCIAL SERVICES, COUNSELING, LEGAL SERVICES, EDUCATION, AND MULTICULTURAL PROGRAMS, AND AFTER-SCHOOL PROGRAMS IN LOCAL SOUTH BROOKLYN SCHOOLS. THESE SERVICES ARE FUNDED BY CONTRACTS WITH NYC DYCD, NYC DOE, NYC DCLA, NYC DFTA, NYS OASAS, NYS OCFS, AS WELL AS PRIVATE DONORS, AND CORPORATE GRANTS. FIAO SUPPORTS NEIGHBORHOOD IMPROVEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
II CENTRO MULTI-CULTURAL CENTER IS THE FIRST ITALIAN-AMERICAN MULTI- CULTURAL COMMUNITY CENTER IN NEW YORK, LOCATED IN SOUTHERNN BROOKLYN. IT IS A MULTI-LEVEL 44,000 SQUARE FOOT FACILITY OUTFITTED WITH A MODERN, STATE OF THE ART SWIMMING POOL, A GYMNASIUM, FITNESS CENTER EQUIPMENT, AND TECHNOLOGY. II CENTRO SERVES YOUTH, ADULT, AND FAMILIES, ABOUT 3,600 OF WHOM ARE REGULAR MEMBERS. INFORMATION ON MEMBERSHIP CAN BE FOUND AT WWW.FIAOBROOKLYN.ORG. THE CENTER OPERATES DURING THE WEEK WITH VARYING HOURS: MONDAY: 6:00 AM - 9:00 PM TUESDAY: 6:00 AM - 10:00 PM WEDNESDAY: 6:00 AM - 9:00 PM THURSDAY: 6:00 AM - 10:00 PM FRIDAY: 6:00 AM - 9:00 PM SATURDAY: 8:00 AM - 7:00 PM SUNDAY: 8:00 AM - 5:00 PM PLEASE BE AWARE THAT THE CENTER IS CLOSED ON SPECIFIC PUBLIC HOLIDAYS.
SEE SCHEDULE O
BEACON COMMUNITY CENTER: THIS IS A SCHOOL-BASED COMMUNITY CENTER THAT PROVIDES AFTER SCHOOL ACTIVITIES THROUGHOUT THE WEEK FOR CHILDREN. LOCATION: 99 AVENUE P, BROOKLYN NY 11204 BEACON COMMUNITY CENTER IS OPEN IN THE SUMMER FROM 8AM TO 6PM MONDAY THROUGH FRIDAY. DURING THE SCHOOL YEAR, THE CENTER IS OPEN FROM 2PM TO 10PM, AND ON SATURDAYS, FROM 9AM TO 1:30PM. IN ADDITION, THE CENTER IS OPEN 15 DAYS WHEN SCHOOLS ARE CLOSED FROM 8AM TO 6PM. BEACON COMMUNITY CENTER SERVES ABOUT 1,500 YOUTH, ADULTS, AND FAMILIES.
SUBSTANCE ABUSE PREVENTION PROGRAM (SAPP): SAPP IS AN EVIDENCE-BASED PREVENTION PROGRAM SPONSORED BY THE NYS OFFICE OF SUBSTANCE ABUSE AND PREVENTION SERVICES. IN ADDITION TO PREVENTION SERVICES, STUDENTS PARTICIPATE IN VISUAL ARTS, PERFORMING ARTS, HEALTH, FITNESS AND BOARD GAMES. WE HAVE 12 SITES AND WE SERVE MORE THAN 1,000 PARTICIPANTS. THE HOURS OF OPERATION DURING THE SCHOOL YEAR DIFFER FROM SCHOOL TO SCHOOL, BUT WE ARE OPEN FROM DISMISSAL TO 3 HOURS AFTER DISMISSAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Spatola Chairman | OfficerTrustee | 50 | $0 |
Pasqualino Russo President | OfficerTrustee | 1 | $0 |
Marvin Reiskin Vice Preside | OfficerTrustee | 1 | $0 |
Philip Guarnieri Treasurer | OfficerTrustee | 1 | $0 |
John Mezzola Secretary | OfficerTrustee | 1 | $0 |
Rocco Ferraro Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,676,677 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,712,474 |
| All other contributions, gifts, grants, and similar amounts not included above | $631,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,020,241 |
| Total Program Service Revenue | $0 |
| Investment income | $25,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $63,506 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,122,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $5,550,946 |
| Pension plan accruals and contributions | $126,371 |
| Other employee benefits | $134,365 |
| Payroll taxes | $498,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,537 |
| Advertising and promotion | $0 |
| Office expenses | $546,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,000 |
| Travel | $24,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $514,591 |
| Insurance | $238,573 |
| All other expenses | $0 |
| Total functional expenses | $8,074,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,854,068 |
| Pledges and grants receivable | $1,181,823 |
| 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 | $61,804 |
| Net Land, buildings, and equipment | $13,913,860 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,800 |
| Total assets | $18,016,355 |
| Accounts payable and accrued expenses | $86,205 |
| 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 | $0 |
| Other liabilities | $351,882 |
| Total liabilities | $438,087 |
| Net assets without donor restrictions | $4,340,043 |
| Net assets with donor restrictions | $13,238,225 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $18,016,355 |