Italian Association
- Assets
- $98.5k
- Revenue
- $527.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-4067472
Organization Overview
Italian Association is located in Scottsdale, AZ. The organization was established in 2014. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Italian Association 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 Association generated $527.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $534.1k during the year ending 12/2022. While expenses have increased by 32.1% per year over the past 4 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
TO BE THE VOICE AND FOCAL POINT OF THE ITALIAN COMMUNITY OF ARIZONA. TO REPRESENT AND SPUR GROWTH THROUGHOUT THE COMMUNITY. TO ORGANIZE CULTURAL, COMMERCIAL, AND ADMINISTRATIVE ITALIAN ACTIVITIES IN SUPPORT AND TO THE BENEFIT OF OUR COMMUNITY AS WELL AS THE AMERICAN COMMUNITY. TO BE THE LOCAL ENTITY THAT WILL OPERATE IN SUPPORT OF DIFFERENT INITIATIVES REQUESTED FROM ITALY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HOSTED A PHOENIX ITALIAN FESTIVAL IN FEB 2022 AND IN OCT OUR TASTE OF ITALY SCOTTSDALE ITALIAN FESTIVAL IN OCT 2022. WE ALSO HOSTED SOME HAPPY HOUR EVENTS, VOLUNTEERED AT SVDP PIZZA MAKING, OFFERED ITALIAN LANGUAGE CLASSES AND OPPORTUNITIES AND LINKS TO OUR MEMBERS AND SPONSORS TO HELP PROMOTE THEIR BUSINESSES.
ITALIAN LANGUAGE CLASSES FOR BEGINNERS THROUGH TO CONVERSATIONAL ITALIAN ARE HOSTED BY THE ITALIAN ASSOCIATION. OUR INSTRUCTORS ARE THE TOP IN LINGUISTICS AND HAVE RECEIVED PRAISE FROM THE STUDENTS IN EACH CLASS. THE CLASSES ARE LIVE AND ONLINE AND LIMITED TO APPROXIMATELY 10 STUDENTS PER CLASS SO THE INTERACTION IS PERSONAL AND ASSISTANCE IS GUARANTEED FOR EACH STUDENT.
THE ITALIAN ASSOCIATION WAS FOUNDED ON THE PREMISE OF PROMOTING ITALIAN ARTS & CULTURE. OUR VISION IS TO BE ABLE TO GATHER IN TIME THE NECESSARY FINANCIAL RESOURCES TO CREATE AN ITALIAN CULTURAL CENTER WITH SERVICES AND SUPPORT FOR THE ITALIAN PEOPLE THE COMMUNITY AT LARGE. WE HOPE ONE DAY THAT ARIZONA WILL BE THE HOME TO AN AREA IN THE VALLEY DEDICATED TO ITS VERY OWN VERSION OF LITTLE ITALY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mickey Rao President | OfficerTrustee | 2 | $0 |
Rosa Torraca Treasurer | OfficerTrustee | 2 | $0 |
Caren Peyton Secretary | OfficerTrustee | 2 | $0 |
Peter Stazzone Director | Trustee | 2 | $0 |
Dario Soldan Director | Trustee | 2 | $0 |
Hon Massimo Paolillo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,713 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,813 |
| Total Program Service Revenue | $521,539 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $527,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,057 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,829 |
| Advertising and promotion | $4,927 |
| Office expenses | $13,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $50,989 |
| Total functional expenses | $534,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,807 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,673 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $98,480 |
| Accounts payable and accrued expenses | -$8,539 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $111,300 |
| Total liabilities | $102,761 |
| Net assets without donor restrictions | -$4,281 |
| Net assets with donor restrictions | $0 |
| 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 | $98,480 |