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Nonprofiteer
← AMERICAN-ITALIAN CANCER FOUNDATION

Form 990 for tax year 2023

Filed by AMERICAN-ITALIAN CANCER FOUNDATION.

Totals

Total revenue
$2,939,171
Total expenses
$1,884,316
Contributions and grants received
$2,403,990
Grants paid
$798,000
Program service revenue
$0
Investment income
$273,456
Other revenue
$261,725
Total assets, end of year
$6,896,536
Total liabilities, end of year
$101,510
Net assets or fund balances, end of year
$6,795,026
Program services expenses (Part IX)
$1,770,371
Management and general expenses
$56,346
Fundraising expenses
$57,599
Program service expenses (Part III)
$1,770,371

Program services were 94.0% 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

    $1,200,614

  • 1e · Government grants (contributions)

    $680,490

  • 1f · All other contributions, gifts and grants

    $522,886

  • 1g · Noncash contributions included above

    $5,017

  • 3 · Investment income

    total $149,831 · excluded $149,831

  • 7a · Gross sales of assets other than inventory

    securities $12,204,641

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

    securities $12,081,016

  • 7c · Gain or loss

    securities $123,625

  • 7d · Net gain or loss

    total $123,625 · excluded $123,625

  • 8a · Fundraising events: gross income

    $394,421

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

    $1,200,614

  • 8b · Fundraising events: direct expenses

    $132,696

  • 8c · Net income from fundraising events

    total $261,725 · excluded $261,725

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $698,000 · program services $698,000

  • 2 · Grants to domestic individuals

    total $100,000 · program services $100,000

  • 5 · Compensation of officers, directors and key employees

    total $170,881 · program services $155,133 · management and general $7,874 · fundraising $7,874

  • 7 · Other salaries and wages

    total $220,749 · program services $200,405 · management and general $10,172 · fundraising $10,172

  • 8 · Pension plan contributions

    total $147 · program services $133 · management and general $7 · fundraising $7

  • 9 · Other employee benefits

    total $624 · program services $566 · management and general $29 · fundraising $29

  • 10 · Payroll taxes

    total $17,008 · program services $15,440 · management and general $784 · fundraising $784

  • 11b · Fees: legal

    total $2,500 · program services $750 · management and general $1,500 · fundraising $250

  • 11c · Fees: accounting

    total $44,382 · program services $13,315 · management and general $26,629 · fundraising $4,438

  • 11f · Fees: investment management

    total $179 · management and general $179

  • 11g · Fees: other

    total $128 · program services $38 · management and general $77 · fundraising $13

  • 13 · Office expenses

    total $16,722 · program services $13,378 · management and general $1,672 · fundraising $1,672

  • 22 · Depreciation, depletion and amortization

    total $64,171 · program services $63,495 · management and general $338 · fundraising $338

  • 23 · Insurance

    total $41,237 · program services $38,045 · management and general $1,596 · fundraising $1,596

  • 24a · Other expenses: DIRECT PROGRAM COST

    total $445,289 · program services $445,289

  • 24b · Other expenses: OTHER

    total $53,402 · program services $19,267 · management and general $4,599 · fundraising $29,536

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $8,897 · program services $7,117 · management and general $890 · fundraising $890

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $117,736 · end of year $484,436

  • 2 · Savings and temporary cash investments

    beginning of year $2,697,094 · end of year $111,602

  • 3 · Pledges and grants receivable

    beginning of year $382,996 · end of year $346,983

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

    $1,138,735

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

    $890,276

  • 10c · Land, buildings and equipment, net

    beginning of year $35,935 · end of year $248,459

  • 11 · Investments: publicly traded securities

    beginning of year $2,557,541 · end of year $5,648,711

  • 15 · Other assets

    beginning of year $61,469 · end of year $56,345

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,025 · end of year $101,510

  • 27 · Net assets without donor restrictions

    beginning of year $4,747,155 · end of year $5,854,570

  • 28 · Net assets with donor restrictions

    beginning of year $943,591 · end of year $940,456

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO SUPPORT CANCER RESEARCH, EDUCATION AND EARLY DETECTION, (CONT. ON SCHEDULE O)EMPHASIZING THE UNIQUE RESOURCES OF ITALY & USA, RECOGNIZING WORLD-CLASS SCIENTIFIC EXCELLENCE IN MEDICINE.

  • MOBILE NO-COST BREAST CANCER SCREENING PROGRAM - PROVIDES MOBILE BREAST CANCER SCREENING, OUTREACH AND EDUCATION TO ECONOMICALLY DISADVANTAGED AND MEDICALLY UNDERSERVED WOMEN IN NEW YORK CITY.

    Expenses $877,092

  • POST-DOCTORAL FELLOWSHIP PROGRAM - PROVIDES FINANCIAL SUPPORT FOR THE POST-DOCTORAL RESEARCH OF PROMISING YOUNG SCIENTISTS WHO PURSUE RESEARCH AND ADVANCED TRAINING IN COLLABORATION WITH MENTORS AT MAJOR CANCER CENTERS IN THE US.

    Expenses $779,481 · Grants $698,000

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $113,798 · Grants $100,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • DANIELE D BODINI

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • PHILIP OLIVETTI

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • FRANCESCA BODINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • GIAN ANDREA BOTTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ALBERTO CRIBIORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CLAUDIO DEL VECCHIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MASSIMO FERRAGAMO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MARIO J GABELLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JOSEPH R PERELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • OTTAVIO SERENA DI LAPIGIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • LAMBERTO ANDREOTTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ROBERT F AGOSTINELLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • FRANCESCA AGOSTINELLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JACK FUSCO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ANGIE LO

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • CRISTINA AIBINO

    EXECUTIVE DIRECTOR

    Total calculated
    $179,821
    From this org
    $169,642
    From related orgs
    $0
    Other
    $10,179
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,642
    Bonus
    $13,000
    Other
    $0
    Deferred
    $10,179
    Nontaxable benefits
    $0
    Filer's total
    $179,821

  • RUTH VEGA

    DIR. OF CANCER SCREENING

    Total calculated
    $126,927
    From this org
    $110,404
    From related orgs
    $0
    Other
    $16,523
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202531299349300618

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