Societa Garibaldina Di Mutua Beneficenza
- Assets
- $277.2k
- Revenue
- $351.3k
- Investments
- $0.0
- Employees
- 15
- Location
- Los Angeles, CA
- Founding
- 12/1972
- Data as of
- 12/2023
- EIN
- 95-1868145
Organization Overview
Societa Garibaldina Di Mutua Beneficenza is located in Los Angeles, CA. The organization was established in 1972. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. As of 12/2023, Societa Garibaldina Di Mutua Beneficenza employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Societa Garibaldina Di Mutua Beneficenza is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Societa Garibaldina Di Mutua Beneficenza generated $351.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $376.4k during the year ending 12/2023. While expenses have increased by 12.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GARIBALDINA M.B. SOCIETY IS AN ITALIAN-AMERICAN HERITAGE SOCIAL BENEFIT ORGANIZATION FOUNDED IN LOS ANGELES IN 1877. THE SOCIETY'S GOAL IS TO SHARE THE HISTORY OF MERICAN CULTURE IN CALIFORNIA, PROMOTE CULTURAL UNDERSTANDING, BE PART OF THE FABRIC OF THE COMMUNITY AND ENCOURAGE VOLUNTEER SERVICE. IN ADITION TO COMUNITY OUTREACH THE SOCIETY MAINTAINS A COMMUNITY CENTER WITH THE ONLY COMPETITION ITALIAN BOCCE COURTS IN SOUTHERN CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GARIBALDINA M.B. SOCIETY HOSTS A NUMBER OF MONTHLY CULTURAL EVENTS (EG. DINNERS, TOURNAMENTS, FILM SCREENINGS) AT IT'S COMMUNITY CENTER. THESE EVENTS ARE VARIOUSLY OPEN TO THE MEMBERSHIP, SUPPORTERS AND THE PUBLIC.
THE GARIBALDINA M.B. SOCIETY PROVIDES THE USE OF ITS FACILITY AS WELL AS VOLUNTEER SUPPORT TO OUTSIDE NON-PROFIT CHARITABLE ORGANIZATIONS, COMMUNITY GROUTS AND OTHER ORGANIZATIONS THAT PROMOTE CULTURAL UNDERSTAND AND EDUCATION.IN 2023 THE SOCIETY PROVIDED USE OF THE FACILITIES, STAFF AND VOLUNTEERS FREE OF CHARGE TO THE FOLLOWING ORGANIZATIONS:FRIENDS OF MT. WASHINGTON PUBLIC SCHOOL - APRIL 2023FRIENDS OF IVANHOE PUBLIC SCHOOL - APRIL 2023RED CROSS BLOOD DRIVE- OCTOBER 2023FONDAZIONE ITALIA - NOVEMBER 2023LOS ANGELES CONSERVANCY - DECEMBER 2023LOS ANGELES BREAKFAST CLUB - DECEMBER 2023SUPPORT + FEED - DECEMBER 2023ATOTAL IN-KIND VALUE (BASED ON AN UNCOMPENSATED DAILY RENTAL VALUE OF $6,500) OF THESE EVENTS - $45,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Wells Vice President | Officer | 5 | $0 |
Nicole Infante President | Officer | 10 | $0 |
Kathi Hannum Treasurer | Officer | 10 | $0 |
Phillip Del Rivo Treasurer | Officer | 10 | $0 |
Cordelia Sherland Secretary | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $43,387 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $441 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,828 |
| Total Program Service Revenue | $307,412 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $351,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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 | $22,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,037 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $21,631 |
| All other expenses | $77,058 |
| Total functional expenses | $376,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $710 |
| Savings and temporary cash investments | $207,206 |
| 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 | $4,820 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $52,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,500 |
| Total assets | $277,206 |
| 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 | $15,476 |
| Total liabilities | $15,476 |
| 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 | $261,730 |
| Total liabilities and net assets/fund balances | $277,206 |
Grants Awarded
Over the last fiscal year, Societa Garibaldina Di Mutua Beneficenza has awarded $45,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FONDAZIONE ITALIA PURPOSE: ITALKIAN CULINARY EVENT | $6,500 |
FRIENDS OF IVANHOE SCHOOL PURPOSE: PUBLIC SCHOOL FUNDRAISER | $6,500 |
FRIENDS OF MOUNT WASHINGTON PURPOSE: PUBLIC SCHOOL FUNDRAISER | $6,500 |
LOS ANGELES BREAKFAST CLUB PURPOSE: COMMUNITY ORGANIZATIONAL EVENT | $6,500 |
LOS ANGELES CONSERVANCY PURPOSE: COMMUNITY ORGANIZATIONAL EVENT | $6,500 |
RED CROSS PURPOSE: RED CROSS BLOOK DRIVE (2 DAYS) | $13,000 |