Sons Of Italy In America
- Assets
- $53.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Forest, IL
- Founding
- 12/1941
- Data as of
- 12/2023
- EIN
- 36-1584910
Organization Overview
Sons Of Italy In America is located in Oak Forest, IL. 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 12/2023, Sons Of Italy In America generated $19.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $20.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
DEDICATED TO PROMOTING ITALIAN CULTURE, TRADITIONS, LANGUAGE, LEGACY OF ANCESTORS, AND CONTRIBUTIONS TO THE U.S. AND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul R Loparco President Note Deceased 10 28 2023 | 15 | $0 | |
Marie Marsalli Immediate Past President | 2 | $0 | |
Frank Schiro Vice President As Of Nov Acting Pres | 10 | $0 | |
James Lascola Orator | 1 | $0 | |
Maria Mancini Financial Secretary | 4 | $0 | |
Carl Busateri Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $16,845 |
| Investment income | $2,280 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $633 |
| Total Revenue | $19,758 |
| 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 | $820 |
| Occupancy, rent, utilities, and maintenance | $3,623 |
| Printing, publications, postage, and shipping | $184 |
| Other expenses | $6,820 |
| Total expenses | $19,956 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,432 |
| Other assets | $0 |
| Total assets | $53,432 |
| Total liabilities | $149,639 |
| Net assets or fund balances | -$96,207 |