American Friends Of Loveitaly
- Assets
- $2.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-5224537
Organization Overview
American Friends Of Loveitaly is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of Loveitaly 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, American Friends Of Loveitaly generated $66.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $69.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 5 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
ACCOMPLISHMENT INCLUDED THE RESTORATION OF A CROSS IN ITALY, WHICH ENHANCED AND PROMOTED ITALY'S CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gianmarco Formichella Director | 0 | $0 | |
Victoria Lindsley Director | 10 | $0 | |
Salvatore Giammaresi Director | 0 | $0 | |
Richard Hodges Director | 0 | $0 | |
Charles Garrett Director | 0 | $0 | |
Julia Baumgaertner Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,558 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,558 |
| 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 | $486 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $69,075 |
| Total expenses | $69,561 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,051 |
| Other assets | $0 |
| Total assets | $2,051 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,051 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Friends Of Loveitaly has recieved totaling $56.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
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|---|---|---|
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American Friends Of Lubavitch Washington, DC | $4,680,162 | $1,513,185 |
Fair Girls Inc Washington, DC | $807,050 | $978,187 |
Hands Along The Nile Development Services Inc Alexandria, VA | $806,843 | $901,029 |
Funders Concerned About Aids Inc Washington, DC | $1,156,851 | $799,222 |
The Brenn Foundation Washington, DC | $13,504,640 | $879,608 |
Lambi Fund Of Haiti Washington, DC | $530,120 | $566,800 |
Children Of Zion Of Maryland Inc Bel Air, MD | $210,912 | $488,357 |
American Friends Of Koidenov Inc Baltimore, MD | $930 | $387,269 |