Italian American Committee On Education Inc
- Assets
- $981.7k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 09/1985
- Data as of
- 12/2021
- EIN
- 13-3191398
Organization Overview
Italian American Committee On Education Inc is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Italian American Committee On Education Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Italian American Committee On Education 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 12/2021, Italian American Committee On Education Inc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Italian American Committee On Education Inc has awarded 142 individual grants totaling $891,387. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ITALIAN LANGUAGE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITALIAN LANGUAGE & CULTURE FOR CHILDREN & ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mario Costa Treasurer | Officer | 0 | $0 |
Laura Sanguineti VP | Officer | 0 | $0 |
Maria Teresa Cometto VP | Officer | 0 | $0 |
Berardo Paradiso President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,281,489 |
| All other contributions, gifts, grants, and similar amounts not included above | $331,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,619,449 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,619,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $811,822 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,872 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,574 |
| Payroll taxes | $15,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,195 |
| 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 | $1,029 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,769 |
| 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 | $11,493 |
| All other expenses | $18,059 |
| Total functional expenses | $1,433,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $981,739 |
| 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 |
| 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 | $981,739 |
| 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 | $302 |
| Total liabilities | $302 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $981,437 |
| Total liabilities and net assets/fund balances | $981,739 |
Grants Awarded
Over the last fiscal year, Italian American Committee On Education Inc has awarded $738,715 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
PS 112 JOSE CELSO BARBOSA PURPOSE: EDUCATIONAL PURPOSES | $38,000 |
MOTHER SETON ACADEMY PURPOSE: EDUCATIONAL PURPOSES | $25,000 |
BROOKLYN TECHNICAL HIGH SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $23,565 |
THE BEACON SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $22,920 |
ST RAYMOND ELEMENTARY SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $21,280 |
THE URSULINE SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $20,900 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Italian American Committee On Education Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Foundation Of Savoy Orders Incorporated New York, NY PURPOSE: Educational | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Modern Language Association Of America New York, NY | $26,742,104 | $16,207,433 |
American Philosophical Society Philadelphia, PA | $294,142,753 | $31,170,811 |
Pen American Center Inc New York, NY | $36,781,487 | $29,059,092 |
Commercial Real Estate Finance Council Inc New York, NY | $15,641,619 | $8,091,268 |
Archaeological Institute Of America Boston, MA | $15,760,718 | $9,516,750 |
Academy Of American Poets Incorporated New York, NY | $16,980,319 | $4,039,105 |
Grub Street Inc Boston, MA | $11,789,751 | $6,194,111 |
Center For Inquiry Inc Amherst, NY | $8,104,198 | $5,991,557 |
National Book Foundation Inc New York, NY | $4,696,616 | $3,836,375 |
Hawthornden Literary Retreat Pittsburgh, PA | $228,597,299 | $115,561,060 |
Connecticut Humanities Council Middletown, CT | $1,530,926 | $3,295,528 |
New York Council For The Humanities New York, NY | $2,496,894 | $3,586,085 |