Italian Community Services
- Assets
- $7.1m
- Revenue
- $905.5k
- Investments
- $5.5m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 06/1944
- Data as of
- 12/2021
- 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 12/2021, Italian Community Services generated $905.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $949.4k during the year ending 12/2021. While expenses have increased by 8.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR CITIZEN EVENTS AND COMMUNITY SERVICES
FINANCIAL SUPPORT & SOCIAL SERVICES
EDUCATIONAL GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mario G Paolini Jr Secretary | 3 | $0 | |
Ronald J Derenzi Treasurer | 3 | $0 | |
Stephen E Leveroni President | 10 | $0 | |
Donald G Parachini Chairman | 3 | $0 | |
Sandy Baumgarten Auxiliary President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $256,608 |
| Interest on Savings | $0 |
| Dividends & Interest | $163,911 |
| Net Rental Income | -$192,362 |
| Net Gain on Sale of Assets | $280,655 |
| Capital Gain Net Income | $280,655 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $91,279 |
| Total Revenue | $905,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,000 |
| Other employee salaries and wages | $133,362 |
| Pension plans, employee benefits | $62,887 |
| Interest | $0 |
| Taxes | $20,001 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $389,805 |
| Total operating and administrative expenses | $736,191 |
| Contributions, gifts, grants paid | $213,242 |
| Total expenses and disbursements | $949,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,124 |
| Savings and temporary cash investments | $494,481 |
| 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 | $5,507,492 |
| Net Land, buildings, and equipment | $1,021,062 |
| Other assets | $1,173 |
| Total assets | $7,069,332 |
| Accounts payable and accrued expenses | $0 |
| 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 | $52,500 |
| Total liabilities | $52,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Italian Community Services has recieved totaling $20,730.
| Awarding Organization | Amount |
|---|---|
Marini Family Trust No 427-812430 Las Vegas, NV PURPOSE: CHARITABLE PURPOSE | $18,000 |
Joseph & Victor Saturno Trust Ua Las Vegas, NV PURPOSE: GENERAL SUPPORT GRANT | $2,230 |
Seawood Foundation San Jose, CA PURPOSE: COMMUNITY SERVICES | $500 |
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|---|---|---|
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