Council For The United States & Italy Inc
- Assets
- $17.4k
- Revenue
- $147.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2017
- EIN
- 13-3140695
Organization Overview
Council For The United States & Italy Inc is located in Washington, DC. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council For The United States & Italy Inc 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 12/2017, Council For The United States & Italy Inc generated $147.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $219.0k during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE COUNCIL PROVIDES A FORUM FOR EXPANDING AND DEEPENING INTERCHANGE BETWEEN THE AMERICAN AND ITALIAN BUSINESS COMMUNITIES ON ISSUES OF MUTUAL INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED THE COUNCILS ANNUAL YOUNG LEADERS CONFERENCE, WITH ASSISTANCE FROM THE ITALIAN COUNTERPART GROUP, WHICH WAS HELD IN BOSTON ON SEPTEMBER 21-23, 2017. IT BROUGHT TOGETHER ABOUT 50 AMERICANS, ITALIANS, AND OTHER COUNTRY PROFESSIONALS UNDER AGE 40 TO DISCUSS THE CHANGING NATURE OF WORK AND ITS IMPLICATIONS FOR INDIVIDUALS, BUSINESSES AND SOCIETY/POLITICS. THIS INVOLVED SELECTING HALF OF THE PARTICIPANTS, MAKING ALL THE LOGISTICAL ARRANGEMENTS, INVITING THE OUTSIDE SPEAKERS, AND PARTICIPATING IN PREPARING THE CONFERENCE DISCUSSION THEMES AND READING LIST.
ORGANIZED THE COUNCILS ANNUAL YOUNG LEADERS CONFERENCE, WITH ASSISTANCE FROM THE ITALIAN COUNTERPART GROUP, WHICH WAS HELD IN BOSTON ON SEPTEMBER 21-23, 2017. IT BROUGHT TOGETHER ABOUT 50 AMERICANS, ITALIANS, AND OTHER COUNTRY PROFESSIONALS UNDER AGE 40 TO DISCUSS THE CHANGING NATURE OF WORK AND ITS IMPLICATIONS FOR INDIVIDUALS, BUSINESSES AND SOCIETY/POLITICS. THIS INVOLVED SELECTING HALF OF THE PARTICIPANTS, MAKING ALL THE LOGISTICAL ARRANGEMENTS, INVITING THE OUTSIDE SPEAKERS, AND PARTICIPATING IN PREPARING THE CONFERENCE DISCUSSION THEMES AND READING LIST.
ASSISTED THE ITALIAN COUNTERPART GROUP IN ORGANIZING THE COUNCILS MAJOR EVENT OF THE YEAR, THE ANNUAL WORKSHOP IN VENICE, ITALY, ON JUNE 16-17, 2017. THE WORKSHOP, ATTENDED BY THE COUNCILS AMERICAN AND ITALIAN MEMBERS AND GUESTS, CONSISTED OF PRESENTATIONS AND DISCUSSIONS ON CURRENT ECONOMIC AND POLITICAL ISSUES, MAINLY RELATING TO EUROPE AND TRANSATLANTIC RELATIONS, OF INTEREST TO THE BUSINESS AUDIENCE. IN PARTICULAR, THE COUNCIL PARTICIPATED IN DEVELOPING THE PROGRAM AND IDENTIFYING AND INVITING THE AMERICAN SPEAKERS.
ASSISTED THE ITALIAN COUNTERPART GROUP IN ORGANIZING THE COUNCILS MAJOR EVENT OF THE YEAR, THE ANNUAL WORKSHOP IN VENICE, ITALY, ON JUNE 16-17, 2017. THE WORKSHOP, ATTENDED BY THE COUNCILS AMERICAN AND ITALIAN MEMBERS AND GUESTS, CONSISTED OF PRESENTATIONS AND DISCUSSIONS ON CURRENT ECONOMIC AND POLITICAL ISSUES, MAINLY RELATING TO EUROPE AND TRANSATLANTIC RELATIONS, OF INTEREST TO THE BUSINESS AUDIENCE. IN PARTICULAR, THE COUNCIL PARTICIPATED IN DEVELOPING THE PROGRAM AND IDENTIFYING AND INVITING THE AMERICAN SPEAKERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sergio Marchionne Chairman | OfficerTrustee | 1 | $0 |
Daniel A Daniello Member | Trustee | 1 | $0 |
James Del Favero Member | Trustee | 1 | $0 |
Jacob A Frenkel Member | Trustee | 1 | $0 |
Karen Katen Member | Trustee | 1 | $0 |
Paul Downs Member | Trustee | 1 | $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 | $147,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,550 |
| Total Program Service Revenue | $0 |
| Investment income | $53 |
| 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 | $147,693 |
| 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. | $72,562 |
| Compensation of current officers, directors, key employees. | $14,512 |
| 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 | $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 | $40,167 |
| Advertising and promotion | $0 |
| Office expenses | $14,808 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $219,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,320 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,377 |
| 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 | $16,163 |
| Other liabilities | $0 |
| Total liabilities | $16,163 |
| Unrestricted restricted net Assets | $1,214 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,214 |