Sons Of Italy In America
- Assets
- $261.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, OH
- Founding
- 06/1941
- Data as of
- 12/2021
- EIN
- 34-0541270
Organization Overview
Sons Of Italy In America is located in Canton, OH. 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 12/2021, Sons Of Italy In America generated $84.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $60.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE ITALIAN CULTURE AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Corsi President | 0.25 | $0 | |
Anthony Polsinelli Trustee | 0.25 | $0 | |
Walter Robak Trustee | 0.25 | $0 | |
Don Ferrante Financial Se | 0.25 | $0 | |
Donald Accurso Orator | 0.25 | $0 | |
Vera Thornton Recording Se | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $82,756 |
| Investment income | $209 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,272 |
| Total Revenue | $84,237 |
| 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 | $10,300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $297 |
| Other expenses | $49,458 |
| Total expenses | $60,055 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $261,431 |
| Other assets | $0 |
| Total assets | $261,431 |
| Total liabilities | $0 |
| Net assets or fund balances | $261,431 |
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