Sons Of Italy In America
- Assets
- $609.1k
- Revenue
- $101.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 06/1941
- Data as of
- 12/2022
- EIN
- 94-2496429
Organization Overview
Sons Of Italy In America is located in Denver, CO. The organization was established in 1941. 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. Sons Of Italy In America is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2022, Sons Of Italy In America generated $101.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $108.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION (DENVER LODGE)COORDINATES ITS WORK AT THE STATE AND COMMUNITY LEVEL TO ASSIST IN UNITING ALL PEOPLE OF ITALIAN DESCENT TO CELEBRATE THE CULTURE AND HERITAGE OF THEIR ANCESTRAL COUNTRY WHILE CELEBRATING THE CONTRIBUTIONS OF ITALIANS TO AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A CHAPTER OF THE ORDER SONS OF ITALY IN AMERICA (OSIA) WHICH IS THE LARGEST AND OLDEST ORGANIZATION IN THE UNITED STATES REPRESENTING AMERICANS OF ITALIAN HERITAGE. AMERICANS OF ITALIAN DESCENT IS DESCRIBED BY THE U.S. CENSUS BUREAU AS THE FIFTH LARGEST ETHNIC GROUP IN AMERICA. THE ORGANIZATION (DENVER LODGE) COORDINATES ITS WORK AT THE STATE AND COMMUNITY LEVEL TO ASSIST IN UNITING ALL PEOPLE OF ITALIAN DESCENT TO CELEBRATE CULTURE AND HERITAGE OF THEIR ANCESTRAL COUNTRY WHILE CELEBRATING THE CONTRIBUTIONS OF ITALIANS TO AMERICA. THE DENVER LODGE GIVES BACK TO THE COMMUNITY IN MANY WAYS. THE LODGE COORDINATES HELP TO THE LESS FORTUNATE, CONTRIBUTES TO NATIONALLY RECOGNIZED CHARITIES AND ANNUALLY AWARDS INDIVIDUAL STUDENTS SCHOLARSHIPS OF $1,000 EACH ON A COMPETITIVE STATE WIDE BASIS TO DESERVING STUDENTS. THE SCHOLARSHIPS ARE APPLIED TOWARD TUITION AT ACCREDITED COMMUNITY COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sal Siraguse President | Officer | 6 | $0 |
Beverly Mendicello Treasurer | Officer | 5 | $0 |
Rita Defrange Financial Secretary | Officer | 3 | $0 |
Anna Vann Recording Secretary | Officer | 1 | $0 |
Pam Wright Past President/orator | Officer | 6 | $0 |
Leanne Ditirro Mistress Of Ceremony | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,597 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,697 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $96,045 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,056 |
| Net Income from Gaming Activities | -$5,000 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,686 |
| 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 | $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 | $1,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $240 |
| Office expenses | $1,574 |
| 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 | $12,837 |
| Insurance | $21,304 |
| All other expenses | $70,474 |
| Total functional expenses | $108,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,255 |
| Savings and temporary cash investments | $172,334 |
| 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 | $358,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $609,123 |
| 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 | $125,733 |
| Total liabilities | $125,733 |
| Net assets without donor restrictions | $0 |
| 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 | $483,390 |
| Total liabilities and net assets/fund balances | $609,123 |