Sons Of Italy In America
- Assets
- $269.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, OH
- Founding
- 06/1941
- Data as of
- 12/2023
- EIN
- 34-0541270
Organization Overview
Sons Of Italy In America is located in Canton, OH. 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 12/2023, Sons Of Italy In America generated $103.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $112.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE ITALIAN CULTURE AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Corsi President | 0.25 | $0 | |
Anthony Lacon Treasurer | 0.25 | $0 | |
Jim Balsamo Financial Se | 0.25 | $0 | |
Walter Robak Orator | 0.25 | $0 | |
Linda Jester Trustee | 0.25 | $0 | |
Gloria Marano Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $77,466 |
| Investment income | $8,181 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $17,545 |
| Total Revenue | $103,192 |
| 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 | $10,450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $386 |
| Other expenses | $101,423 |
| Total expenses | $112,259 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $269,659 |
| Other assets | $0 |
| Total assets | $269,659 |
| Total liabilities | $0 |
| Net assets or fund balances | $269,659 |