Sons Of Italy In America
- Assets
- $45.9k
- Revenue
- $156.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 06/1941
- Data as of
- 03/2022
- EIN
- 06-6045817
Organization Overview
Sons Of Italy In America, operating under the name 744 Sons & Daughter Of Italy, is located in Norwalk, 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. 744 Sons & Daughter Of Italy 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 03/2022, 744 Sons & Daughter Of Italy generated $156.8k in total revenue. All expenses for the organization totaled $21.1k during the year ending 03/2022. While expenses have increased by 5.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LODGE TO SUPPORT MEMBERS OF ITALIAN HERITAGE AND PROMOTE COMMUNITY DEVELOPEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LODGE PROVIDED SCHOLARSHIPS TO STUDENTS OF ITALIAN AMERICAN HERITAGE, LODGE PROMOTED ITALIAN AMERICAN HERITAGE THROUGH PARTICIPATION IN THE WESTPORT ITALIAN AMERICAN FESTIVAL AND NORWALK OYSTER FESTIVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Iannazzi President | Officer | 20 | $0 |
Jim Anderson Vice President | Officer | 20 | $0 |
Anne Borges Secretary | Officer | 20 | $0 |
John Capozzi Secretary | Officer | 20 | $0 |
Gary Mecozzi Treasurer | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,006 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,174 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,849 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,128 |
| Fees for services: Accounting | $4,678 |
| 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 | $4,335 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,600 |
| 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 | $1,674 |
| All other expenses | $0 |
| Total functional expenses | $21,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,262 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $623 |
| Total assets | $45,885 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $45,885 |
| Total liabilities and net assets/fund balances | $45,885 |