Sons Of Italy Foundation
- Assets
- $3.0m
- Revenue
- $903.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/1930
- Data as of
- 09/2021
- EIN
- 23-6276526
Organization Overview
Sons Of Italy Foundation is located in Washington, DC. The organization was established in 1930. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sons Of Italy Foundation 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 09/2021, Sons Of Italy Foundation generated $903.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $659.8k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sons Of Italy Foundation has awarded 37 individual grants totaling $1,023,165. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT EDUCATIONAL, MEDICAL RESEARCH AND CHARITABLE PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITIBLE, MEDICAL RESEARCH, EDUCATIONAL PROGRAM - TO PROVIDE FUNDS FOR CHARITIBLER, MEDICAL AND EDUCATIONAL PROGRAMS. DONATIONS (SEE SCHEDULE) EDUCATIONAL PROGRAMS AND PUBLICATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Sciame President | OfficerTrustee | 10 | $0 |
Robery Bianchi ESQ Vice Preside | OfficerTrustee | 3 | $0 |
Nancy Difiore Quinn Chairperson | OfficerTrustee | 4 | $0 |
Tony Bisceglia Anderson Financial Se | OfficerTrustee | 3 | $0 |
Joseph Rondinelli Treasurer | OfficerTrustee | 3 | $0 |
Phillip J Privitera ESQ Recording Se | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $795,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $795,781 |
| Total Program Service Revenue | $0 |
| Investment income | $42 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$99 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $87,253 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $903,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,734 |
| 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 | $131,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,236 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,453 |
| Fees for services: Accounting | $87,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,148 |
| Advertising and promotion | $0 |
| Office expenses | $11,892 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,109 |
| Insurance | $1,256 |
| All other expenses | $0 |
| Total functional expenses | $659,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $277,058 |
| Pledges and grants receivable | $62,500 |
| 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 | $232 |
| Prepaid expenses and deferred charges | $25,497 |
| Net Land, buildings, and equipment | $149,410 |
| Investments—publicly traded securities | $2,485,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,125 |
| Total assets | $3,002,403 |
| Accounts payable and accrued expenses | $29,744 |
| 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 | $35,162 |
| Total liabilities | $64,906 |
| Net assets without donor restrictions | $379,476 |
| Net assets with donor restrictions | $2,558,021 |
| 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 | $3,002,403 |
Grants Awarded
Over the last fiscal year, Sons Of Italy Foundation has awarded $51,984 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Easton, CT PURPOSE: DISABLED VET PROGRAM | $17,448 |
OSDIA NEBRA | | | $15,000 |
Staten Island, NY PURPOSE: EDUCATION, MUSEUM | $10,750 |
NATL LEADER | | | $8,786 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Sons Of Italy Foundation has recieved totaling $94,191.
| Awarding Organization | Amount |
|---|---|
| $55,000 | |
The Leandro P Rizzuto Foundation Boynton Beach, FL PURPOSE: PROMOTING ITALIAN CULTURE, TRADITIONS, LANGUAGE AND LEGACY. | $10,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Maryland State Lodge Sons Of Italy Foundation Inc Perry Hall, MD PURPOSE: DONATIONS FOR ITALIAN DISASTER RELIEF AND VARIOUS CHARITABLE PROGRAMS | $7,549 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,395 |
Raynier Institute & Foundation Wilmington, DE PURPOSE: ITALIAN SONS AND DAUGHTERS OF AMERICA SCHOLARSHIP FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $1,075,831 |
| Ending Balance | $1,075,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Small Enterprise Assistance Funds Washington, DC | $28,992,255 | $7,370,545 |
Montgomery Village Foundation Inc montgomery village, MD | $23,433,037 | $9,100,632 |
Blockchain Charity Foundation Usa Washington, DC | $18,476,166 | $12,913,817 |
Act For Alexandria Alexandria, VA | $25,524,079 | $7,617,741 |
Dream Big Foundation Inc Crownsville, MD | $3,093,434 | $416,051 |
Sons Of Italy Foundation Washington, DC | $3,002,403 | $903,118 |
Nccco Foundation Inc Fairfax, VA | $88,363 | $507,000 |
Sior Foundation Washington, DC | $7,527,340 | $479,437 |
New Partners Community Solar Corp Washington, DC | $2,555,903 | $291,439 |
John Paul I Knights Of Columbus Charity Corporation Dale City, VA | $1,756,121 | $117,760 |
Prince William County Community Foundation Woodbridge, VA | $111,338 | $0 |
Ewe Spirit Foundation Inc Annapolis, MD | $70,291 | $0 |