Solon Italian Club Foundation
- Assets
- $292.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Solon, OH
- Founding
- 06/2011
- Data as of
- 06/2022
- EIN
- 36-4679406
Organization Overview
Solon Italian Club Foundation is located in Solon, OH. The organization was established in 2011. 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. Solon Italian Club Foundation 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 06/2022, Solon Italian Club Foundation generated $45.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $16.1k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Romeo President | 10 | $0 | |
Michael Dicarro Treasurer | 10 | $0 | |
Al Giammaria Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,028 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,993 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,523 |
| Other Revenue | $0 |
| Total Revenue | $45,544 |
| 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 | $330 |
| Occupancy, rent, utilities, and maintenance | $1,989 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,573 |
| Total expenses | $16,142 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $292,191 |
| Other assets | $0 |
| Total assets | $292,191 |
| Total liabilities | $0 |
| Net assets or fund balances | $292,191 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Solon Italian Club Foundation has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Baird Foundation Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
Madam Walker Legacy Center Indianapolis, IN | $11,815,867 | $1,800,443 |
Telugu Association Of North America Incorporated Novi, MI | $0 | $4,245,639 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |
Detroit Jewish News Foundation Inc Farmington Hills, MI | $926,264 | $1,523,999 |
Center For Black Educator Development Elkins Park, PA | $576,593 | $2,351,434 |
Holland Tulip Time Festival Inc Holland, MI | $1,138,959 | $1,752,331 |
Lahc Leaders Advancing And Helping Communities Dearborn, MI | $3,675,898 | $2,177,958 |
Taller Puertorriqueno Inc Philadelphia, PA | $15,867,695 | $1,278,094 |
African Cultural Alliance Of North America Inc Philadelphia, PA | $1,135,477 | $1,846,684 |
G A F Society Oregon, OH | $1,529,004 | $1,714,642 |
Cleveland Guardians Charities Inc Cleveland, OH | $4,142,503 | $1,831,941 |