America-Italy Society Of Philadelphia
- Assets
- $1.3m
- Revenue
- $546.4k
- Investments
- $501.5k
- Employees
- 3
- Location
- Philadelphia, PA
- Founding
- 08/1959
- Data as of
- 12/2022
- EIN
- 23-1539206
Organization Overview
America-Italy Society Of Philadelphia is located in Philadelphia, PA. The organization was established in 1959. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, America-Italy Society Of Philadelphia employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. America-Italy Society Of Philadelphia 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 12/2022, America-Italy Society Of Philadelphia generated $546.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $569.5k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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.
Since 2014, America-Italy Society Of Philadelphia has awarded 59 individual grants totaling $486,361. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE AMERICAN UNDERSTANDING OF ITALIAN LIFE AND CULTURE AND TO ENHANCE FRIENDLY RELATIONS BETWEEN ITALY AND THE UNITED STATES OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITALIAN LANGUAGE PROGRAMS - THE SOCIETY OFFERED ELEMENTARY, INTERMEDIATE AND ADVANCED COURSES IN ITALIAN LANGUAGE AND LITERATURE FOR APPROXIMATELY 350 STUDENTS.
LECTURES, FILMS, OTHER CULTURAL AND EDUCATION PROGRAMS - DESIGNED TO INCREASE AMERICAN UNDERSTANDING OF ITALY'S CULTURAL HERITAGE AND FOSTER FRIENDLY TIES BETWEEN THE UNITED STATES AND ITALY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ute Striker President | OfficerTrustee | 10 | $0 |
Christopher Scarpa Director | Trustee | 1 | $0 |
Davyd Booth Director (ended May 2022) | Trustee | 1 | $0 |
Robyn Leto Co-Vice President | OfficerTrustee | 10 | $0 |
C Brian Rose Director | Trustee | 1 | $0 |
Diane Meleski Co-Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,485 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,616 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,244 |
| Total Program Service Revenue | $374,752 |
| Investment income | $20,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$28,284 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $546,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $132,981 |
| 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. | $81,736 |
| Compensation of current officers, directors, key employees. | $40,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,552 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,856 |
| 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 | $95,590 |
| Advertising and promotion | $1,820 |
| Office expenses | $27,411 |
| Information technology | $9,723 |
| Royalties | $0 |
| Occupancy | $56,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,977 |
| All other expenses | $1,478 |
| Total functional expenses | $569,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,352 |
| Savings and temporary cash investments | $469,540 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $253 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $193,659 |
| Investments—other securities | $501,475 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,218 |
| Total assets | $1,332,497 |
| Accounts payable and accrued expenses | $26,033 |
| Grants payable | $0 |
| Deferred revenue | $76,605 |
| 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 | $150,000 |
| Other liabilities | $135,954 |
| Total liabilities | $388,592 |
| Net assets without donor restrictions | $770,697 |
| Net assets with donor restrictions | $173,208 |
| 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 | $1,332,497 |
Grants Awarded
Over the last fiscal year, America-Italy Society Of Philadelphia has awarded $35,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CCI-NC PURPOSE: TO SUPPORT THE ITALIAN EDUCATION PROGRAMS | $10,000 |
LOGAN TOWNSHIP DISTRICT PURPOSE: TO SUPPORT THE ITALIAN EDUCATION PROGRAMS | $15,000 |
LA SCUOLA D' ITALIA PURPOSE: TO SUPPORT THE ITALIAN EDUCATION PROGRAMS | $10,000 |