Sons Of Italy In America
- Assets
- $579.9k
- Revenue
- $14.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Walton Beach, FL
- Founding
- 05/1986
- Data as of
- 12/2023
- EIN
- 59-1910557
Organization Overview
Sons Of Italy In America, operating under the name Joseph B Franzalia Lodge 2422, is located in Fort Walton Beach, FL. The organization was established in 1986. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal 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. Joseph B Franzalia Lodge 2422 is a 501(c)(10) and as such, is described as a "Domestic Fraternal Society and/or Association" by the IRS.
For the year ending 12/2023, Joseph B Franzalia Lodge 2422 generated $14.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $153.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE CIVIC EDUCATION AND ENCOURAGE ACTIVE PARTICIPATION IN THE COMMUNITY, TO ENCOURAGE THE DISSEMINATION OF ITALIAN CULTURE IN AMERICA, AND TO HELP THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND PRESERVE ITALIAN AMERICAN CULTURE, INCLUDING TEACHING ITALIAN LANGUAGE AND INTERACTING WITH THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mira Villanacci Treasurer | OfficerTrustee | 3 | $0 |
Kathryn Hebert Financial Secretary | OfficerTrustee | 6 | $0 |
Patricia Hollarn Recording Secretary | OfficerTrustee | 3 | $0 |
Joy Browne Trustee | Trustee | 1 | $0 |
Henry Faccini Trustee | Trustee | 1 | $0 |
Ed Mcneal Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,833 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,166 |
| Total Program Service Revenue | $1,126 |
| Investment income | $9,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,102 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $131,483 |
| Grants and other assistance to domestic individuals. | $3,000 |
| 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 | $0 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $65 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,171 |
| Total functional expenses | $153,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,007 |
| Savings and temporary cash investments | $27,495 |
| 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 | $0 |
| Investments—publicly traded securities | $531,425 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $579,927 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $579,927 |
| 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 | $579,927 |
Grants Awarded
Over the last fiscal year, Sons Of Italy In America has awarded $114,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AGENCY FOR PERSONS WITH DISABILITIESSUNLAND WELFARE TRUST FUND PURPOSE: ASSIST IN CARE AND TRAINING OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES | $10,000 |
UNIVERSITY OF WEST FLORIDA PURPOSE: ENDOWMENT SCHOLARSHIP | $52,000 |
NORTHWEST FLORIDA STATE COLLEGE PURPOSE: ENDOWMENT SCHOLARSHIP | $52,000 |