Sons Of Italy In America
- Assets
- $575.2k
- Revenue
- $43.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Watsonville, CA
- Founding
- 10/1941
- Data as of
- 12/2022
- EIN
- 23-7633495
Organization Overview
Sons Of Italy In America is located in Watsonville, 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 12/2022, Sons Of Italy In America generated $43.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $59.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORDER SONS OF ITALY IN AMERICA IS ITALIAN AMERICANS CELEBRATING OUR HERITAGE AND HELPING TO BUILD A BETTER TOMORROW. IT IS THE LARGEST AND LONGEST-ESTABLISHED NATIONAL ORGANIZATION FOR MEN AND WOMEN OF ITALIAN HERITAGE IN THE UNITED STATES.THE MISSION OF THE ORDER SONS OF ITALY IN AMERICA IS TO PROMOTE AND PRESERVE THE HISTORY, THE TRADITIONS, THE CULTURE AND THE LANGUAGE OF ITALY FOR THE BENEFIT OF ALL HUMANITY.THE WATSONVILLE LODGE OF OSIA PROMOTES THE ITALIAN CULTURE AND LANGUAGE, PRESERVES ITALIAN AMERICAN TRADITIONS, HISTORY AND HERITAGE, AS WELL AS PARTICIPANTS IN PHILANTHROPIC AND SOCIAL UNDERTAKINGS. ANNUALLY THE LODGE DONATES TO: COLLEGE SCHOLARSHIPS FOR LOCAL HIGH SCHOOL SENIORS OF ITALIAN DESCENT; THE COOLEY'S ANEMIA AND ALZHEIMER'S FOUNDATIONS; SCHOLARSHIPS FOR STUDENTS TO STUDY ABROAD IN ITALY(THROUGH THE SONS OF ITALY WESTERN FOUNDATION).THE LODGE ALSO SUPPORTS CHARITABLE CAUSES AS THE NEED ARISES, INCLUDING THE SANTA COUNTY VOLUNTEER CENTER HUMAN RACE, THE PAJARO VAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS
SUPPORT OF COMMUNITY CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Casini Keith Trustee | Trustee | 0.75 | $0 |
Gina Gallucci Trustee | Trustee | 0 | $0 |
Cheryl Daughenbaugh Head Trustee | Trustee | 0.5 | $0 |
Lester Pedrazzini Trustee | Trustee | 0.5 | $0 |
Gina Galluci Orator | Officer | 1 | $0 |
David Delfino Past President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $50 |
| Total Program Service Revenue | $4,805 |
| Investment income | $30,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,084 |
| Net Income from Fundraising Events | $2,878 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,743 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,800 |
| Grants and other assistance to domestic individuals. | $4,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $6,265 |
| Fees for services: Other | $0 |
| Advertising and promotion | $146 |
| Office expenses | $149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,220 |
| Travel | $2,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37 |
| Payments to affiliates | $3,953 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,296 |
| All other expenses | $4,211 |
| Total functional expenses | $59,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,805 |
| Savings and temporary cash investments | $17,360 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,647 |
| Investments—publicly traded securities | $546,413 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $575,225 |
| Accounts payable and accrued expenses | $0 |
| 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 | $995 |
| Total liabilities | $995 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $574,230 |
| 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 | $575,225 |