Sons Of Italy In America
- Assets
- $132.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Weed, CA
- Founding
- 10/1941
- Data as of
- 12/2019
- EIN
- 23-7633434
Organization Overview
Sons Of Italy In America is located in Weed, CA. The organization was established in 1941. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sons Of Italy In America is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2019, Sons Of Italy In America generated $39.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $37.0k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (16.8%) per year over the past 2 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
2019
Describe the Organization's Program Activity:
Part 3
TO SUPPORT AMERICANS OF ITALIAN DESCENT THROUGH SCHOLARSHIPS,COMMUNITY INVOVLEMENT, ETC...
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Negro President | 2 | $0 | |
Wes Dutt Vice President | 2 | $0 | |
Jeanette Vanal Orator | 2 | $0 | |
Peggy Soletti Rec Secretary | 2 | $0 | |
Sharon Dohrn Fin Secretary | 2 | $0 | |
Sally Acquistapace Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $776 |
| Total Program Service Revenue | $0 |
| Membership dues | $8,158 |
| Investment income | $1,630 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,474 |
| Other Revenue | $18,240 |
| Total Revenue | $39,278 |
| 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 | $1,150 |
| Occupancy, rent, utilities, and maintenance | $16,808 |
| Printing, publications, postage, and shipping | $229 |
| Other expenses | $17,186 |
| Total expenses | $37,025 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $126,366 |
| Other assets | $0 |
| Total assets | $132,739 |
| Total liabilities | $0 |
| Net assets or fund balances | $132,739 |