Casa Italiana - Italian Cultural Center
- Assets
- $1.8m
- Revenue
- $155.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Burien, WA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3130980
Organization Overview
Casa Italiana - Italian Cultural Center is located in Burien, WA. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Casa Italiana - Italian Cultural Center employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casa Italiana - Italian Cultural Center 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 12/2023, Casa Italiana - Italian Cultural Center generated $155.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.0%) each year. All expenses for the organization totaled $295.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO THE GENERAL PUBLIC TO THE ITALIAN CULTURE, HISTORY AND PEOPLE AND PROVIDE ACTIVITIES THAT HELP TO ACCOMPLISH THIS.
Describe the Organization's Program Activity:
THIS WAS THE CONTINUATION OF OUR FIRST YEAR OF OUR NON-PROFIT AND IT WAS SPENT RE-PURPOSING AN EXISTING BUILDING TO ACCOMODATE THE FUNCTIONS AND MISSION OF THE CULTURAL CENTER. WE BECAME A NON-PROFIT IN SEPTEMBER OF 2020 AND THE REMAINING MONTHS OF THAT YEAR AND 2021 WERE SPENT IN OBTAINING PERMITS FOR REPURPOSING, DEMOLITION OF EXISTING NON-USABLE SPACES IN THE BUILDING, PAINTING AND CREATING A WEBSITE AND PROMOTIONAL MATERIALS TO USE IN OUR FUNDRAISING EFFORTS IN THE FOLLOWING CALENDAR YEAR. WE ALSO ESTABLISHED A SMALL CAFE TO PROVIDE ITALIAN COFFEES AND DESSERTS TO THE PUBLIC SO THAT THEY COULD EXPERIENCE AUTHENTIC ITALIAN CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Mascio Trustee | Trustee | 2 | $0 |
Joseph Megale Trustee | OfficerTrustee | 2 | $0 |
Therese Bianchi Trustee | Trustee | 2 | $0 |
John Devitis Trustee | Trustee | 2 | $0 |
Tom Grossi Trustee | Trustee | 2 | $0 |
David Bianchi Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,995 |
| Total Program Service Revenue | $560 |
| Investment income | $1,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,169 |
| 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 | $55,686 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,101 |
| 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 | $90,197 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,255 |
| 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 | $0 |
| Advertising and promotion | $2,468 |
| Office expenses | $4,010 |
| 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 | $31,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,829 |
| Insurance | $13,931 |
| All other expenses | $29,513 |
| Total functional expenses | $295,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,546 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,616 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,536,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,840,631 |
| Accounts payable and accrued expenses | $11,802 |
| 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 | $1,186,211 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,198,013 |
| Net assets without donor restrictions | $642,618 |
| 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 | $1,840,631 |