Italian American Citizens League
- Assets
- $772.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Kennett Square, PA
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 23-0726745
Organization Overview
Italian American Citizens League is located in Kennett Square, PA. The organization was established in 2003. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Italian American Citizens League employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Italian American Citizens League is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Italian American Citizens League generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $585.2k during the year ending 12/2021. While expenses have increased by 12.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB AND EATING ESTABLISHMENT FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAFFLES AND OTHER EVENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Pesce Vice Preside | OfficerTrustee | 5 | $14,820 |
Nicole Puocci Secretary | OfficerTrustee | 5 | $2,594 |
Joe Watson President | OfficerTrustee | 5 | $0 |
Carolyn Deshong Treasurer | OfficerTrustee | 5 | $0 |
Steve Madonna Director | Trustee | 2 | $0 |
Dominic Daddezio Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,120 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,900 |
| 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 | $25,020 |
| Total Program Service Revenue | $587,750 |
| Investment income | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $401,022 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $98,331 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,131,344 |
| 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. | $17,414 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,592 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,226 |
| 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 | $2,104 |
| Advertising and promotion | $127 |
| Office expenses | $14,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,448 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,971 |
| Insurance | $23,273 |
| All other expenses | $11,033 |
| Total functional expenses | $585,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,238 |
| Savings and temporary cash investments | $200,050 |
| 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 | $14,438 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $196,376 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $772,102 |
| Accounts payable and accrued expenses | $3,502 |
| 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 | $3,261 |
| Total liabilities | $6,763 |
| Net assets without donor restrictions | $765,339 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $772,102 |
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