Salem Italian American Educational Fund

Organization Overview

Salem Italian American Educational Fund is located in Salem, OH. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Salem Italian American Educational Fund 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 12/2021, Salem Italian American Educational Fund generated $68.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $31.9k during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SCHOLARSHIPS FOR HIGH SCHOOL SENIORS AND COLLEGE STUDENTS TO FURTHER THEIR EDUCATION AND TO HELP PROVIDE THE YOUTH OF THE AREA ACTIVITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS TO HIGH SCHOOL SENIORS AND COLLEGE STUDENTS


DONATIONS TO OTHER 501(C) ORGANIZATIONS TO HELP THE YOUTH OF THE COMMUNITY


PROGRAM FOR SCHOLARSHIPS FOR STUDENTS AND YOUTH ACTIVITIES IN THE AREA ADDITIONAL EXPENSES INCURRED TO CONTINUE TO SERVE THE YOUTH OF THE AREA


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Board, Officers & Key Employees

Name (title)Compensation
Jason
Julian
$0
Art
Julian
$0
Frank
Zamarelli
$0
Mark
Sabatino
$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$965
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$965
Total Program Service Revenue$0
Investment income $15,940
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $21,848
Net Income from Fundraising Events $0
Net Income from Gaming Activities $30,383
Net Income from Sales of Inventory -$343
Miscellaneous Revenue$0
Total Revenue $68,793

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