American Friends Of Italy Foundation
- Assets
- $46.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Essington, PA
- Founding
- 11/2016
- Data as of
- 12/2020
- EIN
- 81-2595791
Organization Overview
American Friends Of Italy Foundation is located in Essington, PA. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of Italy 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 12/2020, American Friends Of Italy Foundation generated $17.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $3.0k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
RAISING MONEY FOR UNDER SERVED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony S Disandro Jr Vice President | 2 | $0 | |
Francis Cymbala Secretary | 2 | $0 | |
Maurizio Lo Piccolo President | 2 | $0 | |
Christopher Mcdermott Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $245 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,059 |
| Other Revenue | $0 |
| Total Revenue | $17,304 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,750 |
| Other expenses | $253 |
| Total expenses | $3,003 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,120 |
| Other assets | $0 |
| Total assets | $46,120 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,120 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Friends Of Italy Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Packard Humanities Institute Los Altos, CA PURPOSE: DIRECTOR MATCHING GRANT FOR GENERAL SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |
Sovereign Military Hospitaller Order Of St John Of Jerusalem Of New York, NY | $5,131,952 | $5,108,487 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Datakind Brooklyn, NY | $7,052,955 | $2,773,630 |