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Nonprofiteer
← IL CIRCOLO INC

Form 990 for tax year 2023

Filed by IL CIRCOLO INC.

Totals

Total revenue
$271,491
Total expenses
$189,788
Contributions and grants received
$203,573
Grants paid
$43,685
Program service revenue
$67,301
Investment income
$0
Other revenue
$617
Total assets, end of year
$206,662
Total liabilities, end of year
$6,365
Net assets or fund balances, end of year
$200,297
Program services expenses (Part IX)
$102,829
Management and general expenses
$86,959
Fundraising expenses
$0
Program service expenses (Part III)
$102,829

Program services were 54.2% 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

    $22,301

  • 1c · Fundraising events

    $169,922

  • 1f · All other contributions, gifts and grants

    $11,350

  • 2a · Program service revenue: Events

    total $67,301 · related or exempt $67,301

  • 8a · Fundraising events: gross income

    $148,084

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

    $169,922

  • 8b · Fundraising events: direct expenses

    $148,084

  • 11a · Other revenue: Merchandise

    total $617 · related or exempt $617

  • 11e · Other revenue, total

    $617

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,685 · program services $43,685

  • 11a · Fees: management

    total $28,810 · management and general $28,810

  • 11b · Fees: legal

    total $1,141 · management and general $1,141

  • 11c · Fees: accounting

    total $6,600 · management and general $6,600

  • 11g · Fees: other

    total $485 · management and general $485

  • 12 · Advertising and promotion

    total $18,065 · management and general $18,065

  • 13 · Office expenses

    total $12,464 · management and general $12,464

  • 17 · Travel

    total $325 · management and general $325

  • 20 · Interest

    total $211 · management and general $211

  • 23 · Insurance

    total $1,697 · management and general $1,697

  • 24a · Other expenses: Merchant Processing Fees

    total $12,849 · management and general $12,849

  • 24b · Other expenses: Meals

    total $2,277 · management and general $2,277

  • 24c · Other expenses: Merchanise

    total $1,503 · management and general $1,503

  • 24d · Other expenses: Event expenses

    total $59,144 · program services $59,144

  • 24e · All other expenses

    total $532 · management and general $532

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $133,803 · end of year $206,662

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,010 · end of year $6,365

  • 31 · Retained earnings, endowment or other funds

    beginning of year $118,853 · end of year $200,297

Mission and programs · 2023

Mission

SUPPORT AND PROMOTE ITALIAN ARTS AND CULTURE

  • THE ORGANIZATION HOSTS VARIOUS EVENTS WITHIN THE STATE OF FLORIDA WHOSEPURPOSE IS TO PRESERVE AND PROMOTE THE ITALIAN CULTURE THROUGH EDUCATION,ART, AND MUSIC

    Expenses $59,144 · Revenue $67,301

  • ITALIAN CULTURE IS PART OF THE MOSAIC OF OUR DAILY LIVES, INFLUENCING OUR VISION OF ART, BEAUTY, FASHION, DESIGN, ARCHITECTURE, CUISINE, NATURE,LANGUAGE, POETRY, PHILOSOPHY, THOUGHT, OPERA, AND MUSIC. SINCE THE BEGINNING, ANNUAL SCHOLARSHIPS HAVE BEEN GIVEN TO QUALIFIED STUDENTS TO STUDY IN ITALY. IN ADDITION, THE ORGANIZATION HAS BEEN A MAJOR SUPPORTER OF FLORIDA ATLANTIC UNIVERSITYS ITALIAN STUDIES PROGRAM, ONE OF THE ONLY TWO MAJOR PROGRAMS IN THE FLORIDA STATE UNIVERSITY SYSTEM. IL CIRCOLO HAS CONTRIBUTED TO A PROGRAM RELATED TO ITALIAN USAGE IN THE ARTS AT PALM BEACH ATLANTIC UNIVERSITY. FURTHERMORE, IL CIRCOLO CONTRIBUTES TO THE SUPPORT OF THE ITALIAN LANGUAGE COURSES AT PUBLIC AND PRIVATE SCHOOLS, SUCH AS THE HENDERSON SCHOOL INVOLVEMENT IN THE ARTS IS EPITOMIZED BY IL CIRCOLOS ANNUAL GRANTING OF THE MAESTRO ANTON GUADAGNO AWARD (FORMERLY CALLED THE GIUSEPPE VERDI AWARD) TO ONE OF THE WINNERS OF THE ANNUAL PALM BEACH OPERA VOCAL COMPETITION.

    Expenses $43,685 · Revenue $10,000

As filed on the 2023 return.

Listed in Part VII

  • Ilaria Serra

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sally Valenti

    Director

    Total calculated
    $0
    Hours/week
    10

  • Chris Salamone

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Antoinette Vigilante

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anthony Yazzetti

    Director

    Total calculated
    $0
    Hours/week
    0

  • Regina Peters

    Director

    Total calculated
    $0
    Hours/week
    0

  • Sallee Adamo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tony Phillips

    Director

    Total calculated
    $0
    Hours/week
    1

  • Antonella Balzano

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rose De Angelis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert J De Angelis

    Treasurer

    Total calculated
    $0
    Hours/week
    20

  • Lora David

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paolo Mangia

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Finizio

    President

    Total calculated
    $0
    Hours/week
    10

  • John Diprato

    Executive Vice President

    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

  • FAU Foundation

    $34,900

    Italian Studies Program & scholarships

  • Salani International LLC

    $5,000

    The creation of authentic Italian music

Provenance

Return type
form_990
Tax year
2023
Filed
24 June 2025
IRS schema version
2023v6.0
Source object
202531759349300113

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