Sons Of Italy In America
- Assets
- $171.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Danbury, CT
- Founding
- 06/1941
- Data as of
- 12/2023
- EIN
- 06-0242910
Organization Overview
Sons Of Italy In America is located in Danbury, CT. 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 12/2023, Sons Of Italy In America generated $99.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $78.4k during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE CONTRIBUTION OF MEMBERSHIP DUES ALLOWS MEMBERS TO MEET AND CELEBRATE THEIR ITALIAN HERITAGE AND PROVIDE SOCIAL AND RECREATIONAL OPPORTUNITES TO THE VARIOUS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruno Tropeano President | 0 | $0 | |
Lisa Scalzo Treasurer | 0 | $0 | |
Antonio Scalzo 1st VP | 0 | $0 | |
Ottavio Muraca 2nd VP | 0 | $0 | |
Pascual Butera Asst Treasurer | 0 | $0 | |
John Debenedetto Financial Sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,785 |
| Total Program Service Revenue | $0 |
| Membership dues | $25,036 |
| Investment income | $15,969 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $56,021 |
| Other Revenue | $0 |
| Total Revenue | $99,622 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,300 |
| Occupancy, rent, utilities, and maintenance | $51,986 |
| Printing, publications, postage, and shipping | $194 |
| Other expenses | $24,929 |
| Total expenses | $78,409 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $106,670 |
| Other assets | $0 |
| Total assets | $171,489 |
| Total liabilities | $0 |
| Net assets or fund balances | $171,489 |