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← ITALIAN AMERICAN SOCIETY OF JEFFERSON

Form 990 for tax year 2024

Filed by ITALIAN AMERICAN SOCIETY OF JEFFERSON.

Totals

Total revenue
$61,380
Total expenses
$62,816
Contributions and grants received
$18,208
Grants paid
$21,310
Program service revenue
$0
Investment income
$19,321
Other revenue
$23,851
Total assets, end of year
$436,358
Total liabilities, end of year
$93
Net assets or fund balances, end of year
$436,265
Program services expenses (Part IX)
$30,110
Management and general expenses
$32,706
Fundraising expenses
$0
Program service expenses (Part III)
$30,110

Program services were 47.9% 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

    $1,475

  • 1c · Fundraising events

    $12,820

  • 1f · All other contributions, gifts and grants

    $3,913

  • 3 · Investment income

    total $17,962 · unrelated business $0 · excluded $17,962

  • 6a · Gross rents

    real property $64,165

  • 6b · Less rental expenses

    real property $9,361

  • 6c · Rental income or loss

    real property $54,804

  • 6d · Net rental income or loss

    total $54,804 · excluded $54,804

  • 7a · Gross sales of assets other than inventory

    securities $10,046

  • 7b · Less cost or other basis and sales expenses

    securities $8,687

  • 7c · Gain or loss

    securities $1,359

  • 7d · Net gain or loss

    total $1,359 · related or exempt $0 · unrelated business $0 · excluded $1,359

  • 8a · Fundraising events: gross income

    $4,340

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

    $12,820

  • 8b · Fundraising events: direct expenses

    $4,340

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $621,434

  • 9b · Gaming: direct expenses

    $653,031

  • 9c · Net income from gaming

    total -$31,597 · unrelated business -$6,176 · excluded -$25,421

  • 11d · All other revenue

    total $644 · related or exempt $644 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $644

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,810 · program services $17,810

  • 2 · Grants to domestic individuals

    total $3,500 · program services $3,500

  • 7 · Other salaries and wages

    total $18,800 · program services $0 · management and general $18,800 · fundraising $0

  • 10 · Payroll taxes

    total $1,566 · program services $0 · management and general $1,566 · fundraising $0

  • 11c · Fees: accounting

    total $2,918 · program services $0 · management and general $2,918 · fundraising $0

  • 13 · Office expenses

    total $1,104 · program services $0 · management and general $1,104 · fundraising $0

  • 16 · Occupancy

    total $600 · program services $0 · management and general $600 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $5,217 · program services $0 · management and general $5,217 · fundraising $0

  • 24a · Other expenses: Dues & Subscriptions

    total $348 · program services $0 · management and general $348 · fundraising $0

  • 24b · Other expenses: Fundraising Expenses-Indirect

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Licenses and Permits

    total $528 · program services $0 · management and general $528 · fundraising $0

  • 24d · Other expenses: Investment Expense

    total $1,625 · program services $0 · management and general $1,625 · fundraising $0

  • 24e · All other expenses

    total $8,800 · program services $8,800 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $106,196 · end of year $87,574

  • 2 · Savings and temporary cash investments

    beginning of year $268,497 · end of year $302,629

  • 10a · Land, buildings and equipment: cost or other basis

    $80,342

  • 10b · Land, buildings and equipment: accumulated depreciation

    $34,187

  • 10c · Land, buildings and equipment, net

    beginning of year $51,372 · end of year $46,155

  • 17 · Accounts payable and accrued expenses

    beginning of year $78 · end of year $93

  • 27 · Net assets without donor restrictions

    beginning of year $425,987 · end of year $436,265

Mission and programs · 2024

Mission

To foster activities which exhibit and enhance Italian culture through civic and academic programs in Greater New Orleans and to establish closer ties among the members through these activities

Activities or mission (Part I)

To foster activities which exhibit and enhance Italian culture through civic and academic programs in Greater New Orleans and to establish closer ties among the members

  • For charitable and education purposes in the furtherance of which the corporation shall foster activities which exhibit and enhance Italian culture through civic and academic programs in Greater New Orleans and to establish closer ties among the members through these activities

    Expenses $12,300 · Grants $3,500

  • To support religious and educational charities which form the communities in which the members live

    Expenses $17,810 · Grants $17,810

As filed on the 2024 return.

Listed in Part VII

  • Wayne Nocito

    President

    Total calculated
    $0
    Hours/week
    2

  • Kenny Celino

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Sam Matrana

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Gerard Dimarco

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Ed Reigne

    Sergeant At Arms

    Total calculated
    $0
    Hours/week
    2

  • Richard Illg

    Past President

    Total calculated
    $0
    Hours/week
    0

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

Provenance

Return type
form_990
Tax year
2024
Filed
16 April 2025
IRS schema version
2024v5.2
Source object
202511969349300726

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