Italian American Club Of Southern

Organization Overview

Italian American Club Of Southern is located in Las Vegas, NV. The organization was established in 1964. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Italian American Club Of Southern employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Italian American Club Of Southern is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 12/2021, Italian American Club Of Southern generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $977.7k during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SCHOLARSHIPS AND SOCIAL

Describe the Organization's Program Activity:

Part 3 - Line 4a

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Board, Officers & Key Employees

Name (title)Compensation
Angelo Cassaro
President
$0
Anthony Ricevuto
Vice-Pres
$0
Dario Basso
Treasurer
$0
Nina Fallico
Secretary
$0
Gabriella Quarantello
Director
$0
Joe Cassaro
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$52,569
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$52,569
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $88
Royalties $0
Net Rental Income $37,295
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 $957,359
Miscellaneous Revenue$0
Total Revenue $1,047,311

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Italian American Club Of Southern has recieved totaling $10,000.

Awarding OrganizationAmount
Ruvo Family Foundation

Las Vegas, NV

PURPOSE: TO HELP VERY DESERVING STUDENTS ACHIEVE THEIR EDUCATIONAL GOALS

$10,000
View Grant Recipient Profile

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