Sons Of Italy In America
- Assets
- $146.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yonkers, NY
- Founding
- 06/1941
- Data as of
- 12/2022
- EIN
- 13-4092818
Organization Overview
Sons Of Italy In America is located in Yonkers, 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 12/2022, Sons Of Italy In America generated $33.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $29.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salvatore Bongiorno Vice President | 10 | $0 | |
Frank Carrozza President | 10 | $0 | |
Mark Duffy Sargent At Arms | 10 | $0 | |
Michael Baratta Past President | 10 | $0 | |
John Rubbo Sr Recording Secretary | 10 | $0 | |
Salvatore Dimaggio Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,929 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $360 |
| Other Revenue | $31,267 |
| Total Revenue | $33,560 |
| 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 | $400 |
| Occupancy, rent, utilities, and maintenance | $10,125 |
| Printing, publications, postage, and shipping | $30 |
| Other expenses | $18,095 |
| Total expenses | $29,010 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,376 |
| Other assets | $0 |
| Total assets | $146,713 |
| Total liabilities | $64,302 |
| Net assets or fund balances | $82,411 |