Sons Of Italy In America
- Assets
- $349.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cherry Hill, NJ
- Founding
- 06/1941
- Data as of
- 12/2021
- EIN
- 22-1412780
Organization Overview
Sons Of Italy In America is located in Cherry Hill, NJ. 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 12/2021, Sons Of Italy In America generated $147.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $120.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
TO RAISE FUNDS, DUES, AND CONVENTION INCOME FOR THE PURPOSE OF FURTHERING SOCIAL AWARENESS OF ITALIAN HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Cipriano 2nd Vice President | 1 | $0 | |
Stephen Camiscioli 1st Vice President | 1 | $0 | |
Diane Santoro State President | 1 | $0 | |
Albert Olizi Trustee | 1 | $0 | |
Michele Daloisio Financial Secretary | 1 | $0 | |
Anita Laspina Recording Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $39,626 |
| Investment income | $4,743 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $103,485 |
| Total Revenue | $147,854 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,867 |
| Professional fees and other payments to independent contractors | $4,900 |
| Occupancy, rent, utilities, and maintenance | $23,136 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $64,043 |
| Total expenses | $120,166 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $305,661 |
| Other assets | $0 |
| Total assets | $349,288 |
| Total liabilities | $13,448 |
| Net assets or fund balances | $335,840 |
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