Form 990 for tax year 2023
Filed by LA SCUOLA D ITALIA-GUGLIELMO MARCONI.
Totals
- Total revenue
- $6,124,663
- Total expenses
- $4,542,472
- Contributions and grants received
- $1,167,463
- Grants paid
- $0
- Program service revenue
- $4,257,588
- Investment income
- $1,867
- Other revenue
- $697,745
- Total assets, end of year
- $2,900,344
- Total liabilities, end of year
- $13,229,150
- Net assets or fund balances, end of year
- -$10,328,806
- Program services expenses (Part IX)
- $3,210,904
- Management and general expenses
- $1,331,568
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,210,904
Program services were 70.7% 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.
-
1c · Fundraising events
$206,486
-
1f · All other contributions, gifts and grants
$960,977
-
2a · Program service revenue: TUITION
total $4,213,466 · related or exempt $4,213,466
-
2b · Program service revenue: AFTER SCHOOL FEES
total $44,122 · related or exempt $44,122
-
3 · Investment income
total $1,867 · excluded $1,867
-
8a · Fundraising events: gross income
$176,133
-
8a · Fundraising events: contributions included on line 1c
$206,486
-
8b · Fundraising events: direct expenses
$176,133
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: REVERSAL OF BUILDNYC L
total $595,000 · excluded $595,000
-
11b · Other revenue: SETTLEMENT AGREEMENT
total $100,255 · excluded $100,255
-
11c · Other revenue: BOOKS & OTHER REVENUE
total $2,490 · related or exempt $2,490
-
11e · Other revenue, total
$697,745
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $122,500 · management and general $122,500
-
7 · Other salaries and wages
total $2,481,456 · program services $2,254,732 · management and general $226,724
-
9 · Other employee benefits
total $307,917 · program services $261,729 · management and general $46,188
-
10 · Payroll taxes
total $212,432 · program services $180,567 · management and general $31,865
-
11b · Fees: legal
total $85,491 · management and general $85,491
-
11c · Fees: accounting
total $50,000 · management and general $50,000
-
11g · Fees: other
total $24,225 · management and general $24,225
-
12 · Advertising and promotion
total $10,665 · management and general $10,665
-
13 · Office expenses
total $33,596 · management and general $33,596
-
16 · Occupancy
total $109,966 · program services $104,166 · management and general $5,800
-
17 · Travel
total $14,171 · management and general $14,171
-
19 · Conferences, conventions and meetings
total $2,473 · program services $2,473
-
20 · Interest
total $600,127 · management and general $600,127
-
22 · Depreciation, depletion and amortization
total $57,164 · program services $51,448 · management and general $5,716
-
23 · Insurance
total $85,413 · program services $76,872 · management and general $8,541
-
24a · Other expenses: CLEANING SERVICES
total $134,446 · program services $121,001 · management and general $13,445
-
24b · Other expenses: SCHOOL SUPPLIES
total $93,210 · program services $93,210
-
24c · Other expenses: EQUIPMENT RENTAL & MAIN
total $54,784 · program services $6,398 · management and general $48,386
-
24d · Other expenses: TEXT BOOKS AND SUBSCRIP
total $33,463 · program services $33,463
-
24e · All other expenses
total $28,973 · program services $24,845 · management and general $4,128
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,520,331 · end of year $1,568,070
-
4 · Accounts receivable
beginning of year $62,055 · end of year $33,643
-
9 · Prepaid expenses and deferred charges
beginning of year $69,723 · end of year $78,904
-
10a · Land, buildings and equipment: cost or other basis
$5,897,005
-
10b · Land, buildings and equipment: accumulated depreciation
$4,677,278
-
10c · Land, buildings and equipment, net
beginning of year $1,190,751 · end of year $1,219,727
-
15 · Other assets
beginning of year $25,000 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,152,708 · end of year $483,242
-
19 · Deferred revenue
beginning of year $1,228,815 · end of year $1,330,766
-
23 · Secured mortgages and notes payable
beginning of year $11,397,334 · end of year $11,415,142
-
27 · Net assets without donor restrictions
beginning of year -$11,910,997 · end of year -$10,328,806
Mission and programs · 2023
Mission
PROVIDE A COMPLETE BILINGUAL AND BICULTURAL EDUCATION (ITALIAN AND ENGLISH) WHICH CONFORMS TO THE ITALIAN MINISTRY SYSTEM FOR CHILDREN IN GRADES PREK THROUGH 12.
Activities or mission (Part I)
EDUCATIONAL INSTITUITION - BILINGUAL AND BICULTURAL (ITALIAN/ENGLISH) SCHOOL FOR CHILDREN PRE-K THROUGH HIGH SCHOOL.
-
PROVIDE A COMPLETE BILINGUAL AND BICULTURAL EDUCATION (ITALIAN AND ENGLISH) WHICH CONFORMS TO THE ITALIAN MINISTRY SYSTEM FOR CHILDREN IN GRADES PREK THROUGH 12.
Expenses $3,210,904 · Revenue $4,257,588
As filed on the 2023 return.
Listed in Part VII
-
Alfonso CerulloALFONSO CERULLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Angelo MacriANGELO MACRI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Enrico ZanonENRICO ZANON
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Joseph MorandiJOSEPH MORANDI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Francesca Verga MDFRANCESCA VERGA MD
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 5
-
Jason PediconeJASON PEDICONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Lucia CarboneLUCIA CARBONE
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 5
-
Maria Fiorini RamirezMARIA FIORINI RAMIREZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Valentino GalloVALENTINO GALLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Silvia PoggiSILVIA POGGI
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Andiana VamvakasANDIANA VAMVAKAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Carla Varriale BakerCARLA VARRIALE BAKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Michael CascianelliMICHAEL CASCIANELLI
HEAD OF SCHOOL
- Total calculated
- $122,500
- From this org
- $122,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511339349307666
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