Italian Language Foundation Inc
- Assets
- $275.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Manhasset, NY
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 26-2926576
Organization Overview
Italian Language Foundation Inc is located in Manhasset, NY. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Italian Language Foundation Inc 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, Italian Language Foundation Inc generated $133.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $127.4k during the year ending 12/2022. While expenses have increased by 38.9% per year over the past 5 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ITALIAN LANGUAGE FOUNDATION, INC. (THE "FOUNDATION") CONDUCTS ACTIVITIES INCLUDING, BUT NOT LIMITED TO, PROMOTING THE ITALIAN LANGUAGE AND CULTURE IN ALL AMERICAN HIGH SCHOOLS. THE FOUNDATION IS DEDICATED TO REINSTATING THE COLLEGE BOARD'S ADVANCED PLACEMENT COURSE AND EXAMINATION IN ITALIAN LANGUAGE AND CULTURE AVAILABLE IN THE UNITED STATES AND INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret I Cuomo MD President/secretary | 20 | $0 | |
Louis A Tallarini Chairman/treasurer | 10 | $0 | |
Lawrence Auriana Director | 3 | $0 | |
Elia Mannetta Director | 3 | $0 | |
Hon Eugene Nardelli Director | 3 | $0 | |
Anthony Scaglione Sr Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,609 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $133,609 |
| 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 | $14,195 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $113,156 |
| Total expenses | $127,351 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $275,725 |
| Other assets | $0 |
| Total assets | $275,725 |
| Total liabilities | $2,058 |
| Net assets or fund balances | $273,667 |