Comunita Giovanile San Michele Inc
- Assets
- $8.8m
- Revenue
- $355.5k
- Investments
- $8.1m
- Employees
- 0
- Location
- Jericho, NY
- Founding
- 10/1963
- Data as of
- 07/2023
- EIN
- 13-6102743
Organization Overview
Comunita Giovanile San Michele Inc is located in Jericho, NY. The organization was established in 1963. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Comunita Giovanile San Michele 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 07/2023, Comunita Giovanile San Michele Inc generated $355.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $600.5k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlo Stefano Franchetti Director | 0.25 | $0 | |
Cody Eduardo Franchetti Director | 0.25 | $0 | |
Maria Giulia Senni Vice President, Director | 0.25 | $0 | |
Martin Hall Treas, Director | 1 | $0 | |
Geoffrey M Mason Secy,director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $202,225 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $153,225 |
| Capital Gain Net Income | $153,225 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $355,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,879 |
| Depreciation | $12,306 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $91,865 |
| Contributions, gifts, grants paid | $508,653 |
| Total expenses and disbursements | $600,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $435,127 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,118,865 |
| Net Land, buildings, and equipment | $250,330 |
| Other assets | $0 |
| Total assets | $8,817,765 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Comunita Giovanile San Michele Inc has awarded $508,653 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCCRISTIANA PER LE ATTIVITA DELLA GIOVENTU COMUNITA GIOVANILE SAN MICHE PURPOSE: TO SUPPORT ATHLETIC, RECREATIONAL, CULTURAL, RELIGIOUS, AND WELFARE PROGRAMS FOR YOUTH IN FLORENCE, ITALY. | $255,889 |
ASSOCCRISTIANA PER LE ATTIVITA DELLA GIOVENTU COMUNITA GIOVANILE SAN MICHE PURPOSE: TO SUPPORT ATHLETIC, RECREATIONAL, CULTURAL, RELIGIOUS, AND WELFARE PROGRAMS FOR YOUTH IN FLORENCE, ITALY. | $252,764 |