La Scuola D Italia-Guglielmo Marconi
- Assets
- $3.2m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 61
- Location
- New York, NY
- Founding
- 11/1977
- Data as of
- 06/2022
- EIN
- 13-2910511
Organization Overview
La Scuola D Italia-Guglielmo Marconi is located in New York, NY. The organization was established in 1977. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, LA Scuola D Italia-Guglielmo Marconi employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Scuola D Italia-Guglielmo Marconi 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 06/2022, LA Scuola D Italia-Guglielmo Marconi generated $5.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $5.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. 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
EDUCATIONAL INSTITUITION - BILINGUAL AND BICULTURAL (ITALIAN/ENGLISH) SCHOOL FOR CHILDREN PRE-K THROUGH HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A COMPLETE BILINGUAL AND BICULTURAL EDUCATION (ITALIAN AND ENGLISH) WHICH CONFORMS TO THE ITALIAN MINISTRY SYSTEM FOR CHILDREN IN GRADES PREK THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Massimo F D'angelo ESQ Chairperson | OfficerTrustee | 5 | $0 |
Diego Rodino Di Miglione Vice Chairperson | OfficerTrustee | 5 | $0 |
Allegra Del Balzo ESQ Secretary | OfficerTrustee | 5 | $0 |
William J Miller Jr Treasurer | OfficerTrustee | 5 | $0 |
Charles Adams ESQ Trustee | Trustee | 5 | $0 |
Marco Bianchi Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alston & Bird Llp Legal | 6/29/17 | $299,188 |
Chrysalis Management Llc Financial Advisory Consulting | 6/29/17 | $272,699 |
Kisna Office Cleaning Service Corp Cleaning Services | 6/29/17 | $129,185 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $179,405 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,099,531 |
| Noncash contributions included in lines 1a–1f | $433,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,278,936 |
| Total Program Service Revenue | $3,531,001 |
| Investment income | $7,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$68,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,451,095 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,730 |
| Compensation of current officers, directors, key employees. | $109,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,630,962 |
| Pension plan accruals and contributions | $43,048 |
| Other employee benefits | $202,744 |
| Payroll taxes | $235,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $236,718 |
| Fees for services: Accounting | $34,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,259 |
| Advertising and promotion | $62,077 |
| Office expenses | $23,340 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,512 |
| Travel | $3,915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,315 |
| Interest | $1,074,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,674 |
| Insurance | $78,912 |
| All other expenses | -$28,186 |
| Total functional expenses | $5,314,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,771,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,654 |
| 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 | $37,632 |
| Net Land, buildings, and equipment | $1,277,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,332 |
| Total assets | $3,200,090 |
| Accounts payable and accrued expenses | $2,205,791 |
| Grants payable | $0 |
| Deferred revenue | $993,250 |
| 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 | $20,894,026 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,093,067 |
| Net assets without donor restrictions | -$20,892,977 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,200,090 |