Festa Italia Foundation
- Assets
- $321.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monterey, CA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 77-0461873
Organization Overview
Festa Italia Foundation is located in Monterey, CA. The organization was established in 1998. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Festa Italia Foundation 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, Festa Italia Foundation generated $4.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $11.8k during the year ending 12/2021. 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
PROVIDE THE MONTEREY COMMUNITY WITH A FESTIVAL HONORING THE LOCAL FISHERMEN OF MONTEREY, PAST AND PRESENT. IT IS A CELEBRATED EVENT WITH ITALIAN FOOD, DRINK AND ENTERTAINMENT. THE ITALIAN HERITAGE, CULTURE AND THE ROMANCE OF ITALY OF WHICH THE CITY OF MONTEREY WAS BUILT ON IS SHARED WITH THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sebastian Crivello President | 20 | $0 | |
Frank Campo Treasurer | 10 | $0 | |
Joe Cardinalli Vice-President | 10 | $0 | |
Joseph Campo Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,350 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $119 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$6,461 |
| Other Revenue | $0 |
| Total Revenue | $4,008 |
| 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 | $1,183 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $424 |
| Other expenses | $5,987 |
| Total expenses | $11,794 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $321,452 |
| Other assets | $0 |
| Total assets | $321,452 |
| Total liabilities | $439 |
| Net assets or fund balances | $321,013 |
Grants Awarded
Over the last fiscal year, Festa Italia Foundation has awarded $17,950 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAN CARLOS CATHEDRAL | | | $12,600 |
SCHOLARSHIP FUND PURPOSE: Education | $5,350 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Festa Italia Foundation has recieved totaling $9,250.
| Awarding Organization | Amount |
|---|---|
Arts Council For Monterey County Monterey, CA PURPOSE: ARTS/CULTURAL GRANT | $9,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |
Gray Area Foundation For The Arts San Francisco, CA | $1,951,369 | $4,455,887 |
The Society For The Promotion Of Japanese Animation Corona, CA | $13,619,220 | $9,492,860 |
Community Works West Inc Oakland, CA | $4,260,482 | $3,855,581 |