Sons Of Italy In America
- Assets
- $15.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Islip, NY
- Founding
- 06/1941
- Data as of
- 12/2023
- EIN
- 11-2423142
Organization Overview
Sons Of Italy In America is located in Islip, NY. 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 $22.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $16.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 8 years. 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
SCHOLARSHIP PROGRAM FOR APPLICANTS OF ITALIAN DESCENT AND MUST BE A RESIDENT OF NEW YORK AND BE A DECENDANT OF A CURRENT MEMBER IN GOOD STANDING (CHILD, GRANDCHILD, OR GREAT-GRANDCHILD). THE AWARDS ARE BASED ON ACADEMIC EXCELLENCE AND SERVICE AND ARE PRESENTED TO HIGH SCHOOL AND COLLEGE STUDENTS HAVING AN AVERAGE OF 85% OR ABOVE AFTER REVIEW BY THE SCHOLARSHIP COMMITTEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Trinceri President | 12 | $0 | |
Arthur Canestro Vice President | 7 | $0 | |
James Zottola Orator | 4 | $0 | |
John Spiezio Treasurer | 6 | $0 | |
Jeffery Lange Recording Secretary | 6 | $0 | |
Cath Cannava Corresponding Secretary | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,852 |
| Total Program Service Revenue | $0 |
| Membership dues | $6,670 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,467 |
| Other Revenue | $0 |
| Total Revenue | $21,990 |
| 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 | $1,550 |
| Occupancy, rent, utilities, and maintenance | $1,650 |
| Printing, publications, postage, and shipping | $77 |
| Other expenses | $7,751 |
| Total expenses | $16,178 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,493 |
| Other assets | $0 |
| Total assets | $15,493 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,493 |