Italian Community Services
- Assets
- $6.8m
- Revenue
- $730.0k
- Investments
- $5.4m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 06/1944
- Data as of
- 12/2022
- EIN
- 94-1196199
Organization Overview
Italian Community Services is located in San Francisco, CA. The organization was established in 1944. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Italian Community Services 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 12/2022, Italian Community Services generated $730.0k 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 (3.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Italian Community Services has awarded 12 individual grants totaling $102,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR CITIZEN EVENTS AND COMMUNITY SERVICES
SENIOR CITIZEN EVENTS AND COMMUNITY SERVICES
EDUCATIONAL GRANTS
FINANCIAL SUPPORT & SOCIAL SERVICES
EDUCATIONAL GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen E Leveroni President | 10 | $0 | |
Elisabetta Ghisini Vice President | 3 | $0 | |
Mario G Paolini Jr Secretary | 3 | $0 | |
Ronald J Derenzi Treasurer | 3 | $0 | |
Sandy Baumgarten Auxiliary President | 3 | $0 | |
Elena Angeli Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $209,880 |
| Interest on Savings | $0 |
| Dividends & Interest | $240,365 |
| Net Rental Income | -$136,465 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $87,088 |
| Total Revenue | $730,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,000 |
| Other employee salaries and wages | $148,988 |
| Pension plans, employee benefits | $60,631 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $333,411 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $7,005 |
| Other expenses | $282,183 |
| Total operating and administrative expenses | $962,635 |
| Contributions, gifts, grants paid | $51,000 |
| Total expenses and disbursements | $1,013,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,370 |
| Savings and temporary cash investments | $346,484 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,377,805 |
| Net Land, buildings, and equipment | $1,021,061 |
| Other assets | $19,756 |
| Total assets | $6,791,476 |
| Accounts payable and accrued expenses | $1,049 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $69,981 |
| Total liabilities | $71,030 |
Grants Awarded
Over the last fiscal year, Italian Community Services has awarded $102,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MARIN COMMUNITY CLINICS PURPOSE: GENERAL SUPPORT | $10,000 |
ITALINGUA INSTITUTE PURPOSE: GENERAL SUPPORT | $10,000 |
STS PETER AND PAUL SCHOOL PURPOSE: GENERAL SUPPORT | $10,000 |
SALERIAI PURPOSE: GENERAL SUPPORT | $1,000 |
LA SCUOLA INTERNATIONAL SCHOOL PURPOSE: GENERAL SUPPORT | $10,000 |
LA SCUOLA INTERNATIONAL SCHOOL PURPOSE: GENERAL SUPPORT | $10,000 |