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← ITALIAN AMERICAN FORUM INC

Form 990 for tax year 2024

Filed by ITALIAN AMERICAN FORUM INC.

Totals

Total revenue
$216,680
Total expenses
$211,288
Contributions and grants received
$207,941
Grants paid
$102,100
Program service revenue
$0
Investment income
$8,739
Other revenue
$0
Total assets, end of year
$353,405
Total liabilities, end of year
$55,900
Net assets or fund balances, end of year
$297,505
Program services expenses (Part IX)
$130,815
Management and general expenses
$40,738
Fundraising expenses
$39,735
Program service expenses (Part III)
$130,815

Program services were 61.9% 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

    $78,584

  • 1c · Fundraising events

    $109,357

  • 1f · All other contributions, gifts and grants

    $20,000

  • 3 · Investment income

    total $8,739 · excluded $8,739

  • 8a · Fundraising events: gross income

    $134,063

  • 8a · Fundraising events: contributions included on line 1c

    $109,357

  • 8b · Fundraising events: direct expenses

    $134,063

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $102,100 · program services $102,100

  • 11a · Fees: management

    total $67,500 · program services $13,937 · management and general $25,690 · fundraising $27,873

  • 11c · Fees: accounting

    total $15,500 · program services $3,200 · management and general $5,900 · fundraising $6,400

  • 13 · Office expenses

    total $9,233 · program services $2,529 · management and general $4,175 · fundraising $2,529

  • 16 · Occupancy

    total $8,800 · program services $2,933 · management and general $2,934 · fundraising $2,933

  • 23 · Insurance

    total $2,039 · management and general $2,039

  • 24a · Other expenses: MISCELLANEOUS

    total $6,116 · program services $6,116

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $98,094 · end of year $42,147

  • 2 · Savings and temporary cash investments

    beginning of year $201,519 · end of year $310,258

  • 4 · Accounts receivable

    beginning of year $0 · end of year $200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,700 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $800

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $15,500

  • 18 · Grants payable

    beginning of year $0 · end of year $20,000

  • 19 · Deferred revenue

    beginning of year $21,200 · end of year $20,400

  • 27 · Net assets without donor restrictions

    beginning of year $292,113 · end of year $297,505

Mission and programs · 2024

Mission

THE ITALIAN AMERICAN FORUM, A NETWORK OF BUSINESS AND COMMUNITY LEADERS, SERVES AS THE CATALYST WHERE IDEAS AND VIEWS ON ISSUES CAN BE EXCHANGED WHILE SUPPORTING WORTHWHILE INITIATIVES DEDICATED TO PROMOTING AND PRESERVING THE ITALIAN AND ITALIAN AMERICAN HERITAGE.

  • PROVIDED GRANTS TO CHARITABLE ORGANIZATIONS THAT SUPPORT SCHOLARSHIPS TO QUALIFIED STUDENTS, PROMOTE ITALIAN AMERICAN HERITAGE AND CULTURE, AND RESTORE, PROTECT, OR PROMOTE ITALIAN HISTORICAL SITES. IN 2024, THE ORGANIZATION MADE GRANTS TO 10 ORGANIZATIONS.

    Expenses $102,100 · Grants $102,100

  • THE FORUM DINNER SERIES IS AN IMPORTANT EDUCATIONAL AND NETWORKING COMPONENT FOR OUR MEMBERSHIP. THE SPEAKERS RANGE FROM MOVIE DIRECTORS AND AUTHORS TO FINANCIAL ANALYSTS AND GLOBAL BUSINESS LEADERS. THE ITALIAN AMERICAN FORUM HOSTED FOUR DINNER EVENTS IN 2024 WITH 364 ATTENDEES.

    Expenses $28,715

As filed on the 2024 return.

Listed in Part VII

  • Janet Difiore

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Joseph Solimine Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • James Veneruso

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • James D'Arcangelo

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Joseph Ruhl

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Rose Cali

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Calvelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Carlozzi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Caruso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Domenick Ciaccia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Theresa Terri Ferri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Maddalena

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • HORTUS FOUNDATION INC

    $15,000

    CONTRIBUTES TO THE SAN CLEMENTE BASILICA RESTORATION, WHICH FOCUSES ON THE FRESCO OF SAINT CHARLES BORROMEO GIVING ALMS TO THE POOR, ATTRIBUTED TO THE CARRACCI SCHOOL.

  • THE PICTURE HOUSE REGIONAL FILM CENTER

    $15,000

    COMMUNITY-BASED, MISSION-DRIVEN, NON-PROFIT ALTERNATIVE TO COMMERCIAL MOVIE THEATERS, PRESENTING THE BEST IN INDEPENDENT, DOCUMENTARY, AND CLASSIC CINEMA. ORGANIZES ANNUAL WESTCHESTER ITALIAN FILM FESTIVAL.

  • COLUMBUS CITIZEN FOUNDATION

    $11,000

    PUBLIC CHARITY AND MEMBER ORGANIZATION; FOSTERS APPRECIATION FOR ITALIAN AMERICAN CULTURE AND HERITAGE; SUPPORT SCHOLARSHIP PROGRAM 40 YRS AGO AND HAS AWARDED 40 MILLION TO 400 STUDENTS.

  • ENRICO FERMI EDUCATIONAL FUND OF YONKERS INC

    $10,000

    PROVIDE FINANCIAL ASSISTANCE TO GRADUATING HIGH SCHOOL SENIORS WITH TRACEABLE ITALIAN HERITAGE WITHIN YONKERS AND WESTCHESTER COUNTY.

  • ITALIAN WELFARE LEAGUE

    $10,000

    ONE OF OLDEST CHARITIES IN NY WITH MISSION TO HELP LOCAL FAMILIES OF ITALIAN DESCENT WHOSE CHILDREN HAVE MEDICAL CHALLENGES SUCH AS AUTISM, AND SPECIAL NEEDS; PROVIDE SUPPORT TO FAMILIES IN THE BRONX AND WESTCHESTER AREA

  • THE NATIONAL ITALIAN AMERICAN FOUNDATION

    $10,000

    NATIONWIDE ORGANIZATION GRANTING SCHOLARSHIPS TO STUDENTS OF ITALIAN DESCENT; VOYAGE OF DISCOVERY PROGRAM OFFERS STUDENTS THE POSSIBILITY TO EXPLORE AND LEARN THE CULTURE OF THEIR ANCESTORS.

  • FIERI SCHOLARSHIP FUND

    $5,100

    PROMOTE OUR SHARED ITALIAN AMERICAN HERITAGE WHILE SUPPORTING ACADEMIC EXCELLENCE WITH SCHOLARSHIPS.

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202513219349306831

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