Italian Open For Charity
- Assets
- $22.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kingston, PA
- Founding
- 06/1999
- Data as of
- 03/2022
- EIN
- 23-2451478
Organization Overview
Italian Open For Charity is located in Kingston, PA. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Italian Open For Charity 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 03/2022, Italian Open For Charity generated $6.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $13.3k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) 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
2022
Describe the Organization's Program Activity:
Part 3
DURING THE CURRENT FISCAL YEAR THE ORGANIZATION MADE TWELVE SCHOLARSHIPS TO WORTHY INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Answini President | 0 | $0 | |
Scott Answini Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,237 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $87 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,324 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $795 |
| Other expenses | $458 |
| Total expenses | $13,253 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,104 |
| Other assets | $0 |
| Total assets | $22,104 |
| Total liabilities | $0 |
| Net assets or fund balances | $22,104 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Italian Open For Charity has recieved totaling $40.
| Awarding Organization | Amount |
|---|---|
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |
Newark Alliance Inc Newark, NJ | $3,740,799 | $2,492,723 |