The Italian Student Loan Fund Corp
- Assets
- $1.6m
- Revenue
- $258.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 02/1980
- Data as of
- 12/2021
- EIN
- 98-0041406
Organization Overview
The Italian Student Loan Fund Corp is located in null. The organization was established in 1980. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Italian Student Loan Fund Corp 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 12/2021, Italian Student Loan Fund Corp generated $258.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST NEEDY ITALIAN COLLEGE GRADUATES IN OBTAINING POST GRADUATE DEGREED IN THE USA AND PROMOTE ITALIAN AMERICAN FRIENDSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST NEEDY ITALIAN COLLEGE GRADUATE IN OBTAINING POST GRADUATE DEGREES IN THE USA AND PROMOTE ITALIAN AMERICAN FRIENDSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Massimo Trentino President | Trustee | 4 | $0 |
Vittorio Di Trapani Director | Trustee | 3 | $0 |
Alessandro Daffina Director | Trustee | 3 | $0 |
Antonio Bernardini Director | Trustee | 3 | $0 |
Bruno Piperno Director | Trustee | 3 | $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 | $257,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,953 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| 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 | $257,957 |
| 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 | $135,700 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,410 |
| 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 | $1,839 |
| Payroll taxes | $6,523 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $770 |
| Information technology | $95 |
| Royalties | $0 |
| Occupancy | $5,900 |
| Travel | $108 |
| 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 | $8,879 |
| All other expenses | $0 |
| Total functional expenses | $184,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,580 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $561,835 |
| 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 | $622 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $543,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,629,443 |
| Accounts payable and accrued expenses | $14,242 |
| Grants payable | $0 |
| Deferred revenue | $618,465 |
| 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 | $0 |
| Total liabilities | $632,707 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $996,736 |
| 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 | $1,629,443 |
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