America-Italy Society Of Philadelphia
- Assets
- $1.2m
- Revenue
- $616.4k
- Investments
- $634.9k
- Employees
- 1
- Location
- Philadelphia, PA
- Founding
- 08/1959
- Data as of
- 12/2021
- EIN
- 23-1539206
Organization Overview
America-Italy Society Of Philadelphia is located in Philadelphia, PA. The organization was established in 1959. 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. America-Italy Society Of Philadelphia 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, America-Italy Society Of Philadelphia generated $616.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $503.5k during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, America-Italy Society Of Philadelphia has awarded 56 individual grants totaling $451,361. 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
TO INCREASE AMERICAN UNDERSTANDING OF ITALIAN LIFE AND CULTURE AND TO ENHANCE FRIENDLY RELATIONS BETWEEN ITALY AND THE UNITED STATES OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITALIAN LANGUAGE PROGRAMS - THE SOCIETY OFFERED ELEMENTARY, INTERMEDIATE AND ADVANCED COURSES IN ITALIAN LANGUAGE AND LITERATURE FOR APPROXIMATELY 350 STUDENTS.
LECTURES, FILMS, OTHER CULTURAL AND EDUCATION PROGRAMS - DESIGNED TO INCREASE AMERICAN UNDERSTANDING OF ITALY'S CULTURAL HERITAGE AND FOSTER FRIENDLY TIES BETWEEN THE UNITED STATES AND ITALY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franca Riccardi Executive Director | Officer | 40 | $80,745 |
Christopher Scarpa Treasurer | OfficerTrustee | 1 | $0 |
Robyn Leto Vice President | OfficerTrustee | 10 | $0 |
Ute Striker President | OfficerTrustee | 10 | $0 |
Davyd Booth Director | Trustee | 1 | $0 |
Diane Meleski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,705 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $196,108 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $228,375 |
| Total Program Service Revenue | $355,939 |
| Investment income | $16,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,694 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $616,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,589 |
| 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. | $80,752 |
| Compensation of current officers, directors, key employees. | $40,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,170 |
| 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 | $157,427 |
| Advertising and promotion | $1,625 |
| Office expenses | $10,573 |
| Information technology | $6,109 |
| Royalties | $0 |
| Occupancy | $59,748 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99 |
| Interest | $379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,266 |
| All other expenses | $2,000 |
| Total functional expenses | $503,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,309 |
| Savings and temporary cash investments | $348,033 |
| 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 | $222,207 |
| Investments—other securities | $634,865 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,212 |
| Total assets | $1,233,626 |
| 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 | $163,792 |
| Total liabilities | $163,792 |
| Net assets without donor restrictions | $910,016 |
| Net assets with donor restrictions | $159,818 |
| 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 | $1,233,626 |
Grants Awarded
Over the last fiscal year, America-Italy Society Of Philadelphia has awarded $38,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: TO SUPPORT THE ITALIAN EDUCATION PROGRAMS | $18,000 |
LOGAN TOWNSHIP DISTRICT PURPOSE: TO SUPPORT THE ITALIAN EDUCATION PROGRAMS | $12,000 |
POINT PLEASANT BOROUGH HIGH SCHOOL PURPOSE: TO SUPPORT THE ITALIAN EDUCATION PROGRAMS | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that America-Italy Society Of Philadelphia has recieved totaling $39,659.
| Awarding Organization | Amount |
|---|---|
Philadelphia Foundation Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $38,611 |
Henry L Kimelman Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Endowment Analysis
| Beg. Balance | $137,106 |
| Earnings | $22,712 |
| Ending Balance | $159,818 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epoch Times Association Inc New York, NY | $35,086,092 | $121,545,102 |
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
Chinese Culture And Community Service Center Inc Gaithersburg, MD | $7,709,480 | $10,886,588 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
Japanese Childrens Society Inc Englewood Cliffs, NJ | $6,760,346 | $7,633,011 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |