Form 990 for tax year 2023
Filed by SOCIETY OF ITALIAN AMERICAN BUSINESSMEN INC.
Totals
- Total revenue
- $460,131
- Total expenses
- $292,689
- Contributions and grants received
- $352,694
- Grants paid
- $176,710
- Program service revenue
- $0
- Investment income
- $8,251
- Other revenue
- $99,186
- Total assets, end of year
- $620,581
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $620,581
- Program services expenses (Part IX)
- $176,710
- Management and general expenses
- $73,769
- Fundraising expenses
- $42,210
- Program service expenses (Part III)
- $176,710
Program services were 60.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$30,305
-
1c · Fundraising events
$313,263
-
1f · All other contributions, gifts and grants
$9,126
-
3 · Investment income
total $6,817 · excluded $6,817
-
7a · Gross sales of assets other than inventory
securities $148,963
-
7b · Less cost or other basis and sales expenses
securities $147,529
-
7c · Gain or loss
securities $1,434
-
7d · Net gain or loss
total $1,434 · excluded $1,434
-
8a · Fundraising events: gross income
$612,614
-
8a · Fundraising events: contributions included on line 1c
$313,263
-
8b · Fundraising events: direct expenses
$516,956
-
8c · Net income from fundraising events
total $95,658 · excluded $95,658
-
10a · Gross sales of inventory
$3,411
-
10c · Net income from sales of inventory
total $3,411 · related or exempt $3,411
-
11a · Other revenue: Other
total $117 · related or exempt $117
-
11e · Other revenue, total
$117
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $147,960 · program services $147,960
-
2 · Grants to domestic individuals
total $28,750 · program services $28,750
-
11c · Fees: accounting
total $4,144 · management and general $4,144
-
12 · Advertising and promotion
total $9,360 · management and general $7,764 · fundraising $1,596
-
13 · Office expenses
total $9,874 · management and general $9,874
-
17 · Travel
total $1,830 · management and general $1,830
-
19 · Conferences, conventions and meetings
total $5,046 · management and general $5,046
-
23 · Insurance
total $2,365 · management and general $2,365
-
24a · Other expenses: Social media
total $40,614 · fundraising $40,614
-
24b · Other expenses: Dues and subscriptions
total $1,642 · management and general $1,642
-
24c · Other expenses: Bank and other fees
total $40,811 · management and general $40,811
-
24d · Other expenses: Other
total $293 · management and general $293
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $124,500 · end of year $205,621
-
11 · Investments: publicly traded securities
beginning of year $313,039 · end of year $414,960
-
27 · Net assets without donor restrictions
beginning of year $437,539 · end of year $620,581
Mission and programs · 2023
Mission
The organization is a fellowship of moral Italian-American businessmen consisting of people that live, work and or worship in Harford County Maryland. The organization also endeavors to assist other
Activities or mission (Part I)
The organization is a fellowship of Italian-American businessmen consisting of people that live, work, and/or worship in Harford County, Maryland
-
The program mission of the organization is to support other charitable
Expenses $176,710 · Grants $176,710
As filed on the 2023 return.
Listed in Part VII
-
Joe Papa
President
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
AnthonyDiPaula
Vice President
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
Joe Caloggero
1st Vice Pres
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
Mike DeLuca
2nd Vice Pres
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
John Rosaschi
Treasurer
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
Nick Berte
Assist Treasur
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
Jason Adams
Secretary
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
John Troiano
Asst Secretary
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
John Gonzalez
Sergeant Arms
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
Mark Dardozzi
FoundingMember
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
Elio Scaccio
FoundingMember
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
Mark Dardozzi
Past President
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
I Liberatore
Past President
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
Tony Palumbo
Past President
- Total calculated
- $0
- Hours/week
- 0 + 5 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$50,000
Programs
-
$25,000
Programs
-
$16,605
Programs
-
$16,605
Programs
-
no cash amount reported
-
no cash amount reported
-
no cash amount reported
-
no cash amount reported
-
no cash amount reported
-
no cash amount reported
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423219349301037
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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