Sons Of Italy In America
- Assets
- $279.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Springs, CA
- Founding
- 10/1941
- Data as of
- 12/2021
- EIN
- 95-3249151
Organization Overview
Sons Of Italy In America is located in Palm Springs, CA. The organization was established in 1941. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary 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 12/2021, Sons Of Italy In America generated $33.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $61.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO RAISE FUNDS FOR EDUCATIONAL SCHOLARSHIPS AND CHARITABLE DONATIONS, AS WELL AS FUNDRAISING AND SOCIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Laporta President | 20 | $4,700 | |
Jeff Frisco Secretary | 2 | $0 | |
Joseph Sassorossi CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $26,898 |
| Membership dues | $5,330 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $33,228 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,700 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $19,967 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $36,849 |
| Total expenses | $61,516 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,252 |
| Other assets | $0 |
| Total assets | $279,883 |
| Total liabilities | $0 |
| Net assets or fund balances | $279,883 |
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