Itoo Society Inc
- Assets
- $806.8k
- Revenue
- $260.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Peoria, IL
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 37-0766452
Organization Overview
Itoo Society Inc is located in Peoria, IL. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Itoo Society Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Itoo Society 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, Itoo Society Inc generated $260.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $286.9k during the year ending 12/2022. While expenses have increased by 12.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING THE LIVES OF DESCENDANTS OF ITOO, LEBANON; UNITE ALL PERSONS ORIGINATING FROM THE TOWN OF ITOO, LEBANON, THEIR SPOUSES, THEIR DESCENDANTS AND THE SPOUSES OF THEIR DESCENDANTS, IN ACTIVITIES CHARITABLE IN NATURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTURAL HERITAGE PROGRAM - EVENTS HELD, PROMOTING ETHNIC TRADITIONS AND FAMILY VALUES. EVENTS OPEN TO THE PUBLIC. DONATIONS ARE MADE TO PEOPLE IN NEED, TO ORGANIZATIONS SUPPORTING PEOPLE IN NEED, AND OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Domenighini Treasurer | OfficerTrustee | 2 | $6,112 |
Carol Unes Director | Trustee | 1 | $2,850 |
Pat Schelp Director | Trustee | 1 | $0 |
Bob Khoury Director | Trustee | 1 | $0 |
Kristen Reynolds Director | Trustee | 1 | $0 |
Leonard Unes II Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,212 |
| Related organizations | $83,338 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,626 |
| Total Program Service Revenue | $5,589 |
| Investment income | $23,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,665 |
| Net Gain/Loss on Asset Sales | -$8,675 |
| Net Income from Fundraising Events | $36,125 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,132 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,980 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $87,472 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,962 |
| Compensation of current officers, directors, key employees. | $180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $151 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,437 |
| Office expenses | $7,327 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,792 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,013 |
| Insurance | $17,200 |
| All other expenses | $0 |
| Total functional expenses | $286,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,613 |
| Savings and temporary cash investments | $115,688 |
| 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 | $296,332 |
| Investments—publicly traded securities | $358,136 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $806,769 |
| Accounts payable and accrued expenses | $742 |
| 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 | $925 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,827 |
| Total liabilities | $3,494 |
| Net assets without donor restrictions | $786,141 |
| Net assets with donor restrictions | $17,134 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $806,769 |