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Nonprofiteer
← MUSEO ITALO-AMERICANO

Form 990 for tax year 2024

Filed by MUSEO ITALO-AMERICANO.

Totals

Total revenue
$3,036,316
Total expenses
$528,922
Contributions and grants received
$2,758,772
Grants paid
$0
Program service revenue
$141,688
Investment income
$118,897
Other revenue
$16,959
Total assets, end of year
$6,493,168
Total liabilities, end of year
$1,709,351
Net assets or fund balances, end of year
$4,783,817
Program services expenses (Part IX)
$445,831
Management and general expenses
$67,891
Fundraising expenses
$15,200
Program service expenses (Part III)
$445,831

Program services were 84.3% 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

    $30,721

  • 1c · Fundraising events

    $115,000

  • 1e · Government grants (contributions)

    $48,662

  • 1f · All other contributions, gifts and grants

    $2,564,389

  • 1g · Noncash contributions included above

    $2,400,000

  • 2a · Program service revenue: PROGRAM REVENUE

    total $141,688 · related or exempt $141,688

  • 3 · Investment income

    total $76,693 · excluded $76,693

  • 7a · Gross sales of assets other than inventory

    securities $239,311

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

    securities $197,107

  • 7c · Gain or loss

    securities $42,204

  • 7d · Net gain or loss

    total $42,204 · excluded $42,204

  • 8a · Fundraising events: gross income

    $23,269

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

    $115,000

  • 8b · Fundraising events: direct expenses

    $6,310

  • 8c · Net income from fundraising events

    total $16,959 · excluded $16,959

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $167,877 · program services $137,483 · management and general $23,826 · fundraising $6,568

  • 10 · Payroll taxes

    total $17,281 · program services $14,401 · management and general $2,304 · fundraising $576

  • 11c · Fees: accounting

    total $9,250 · management and general $9,250

  • 11g · Fees: other

    total $21,111 · program services $21,111

  • 12 · Advertising and promotion

    total $10,299 · program services $8,634 · management and general $1,332 · fundraising $333

  • 13 · Office expenses

    total $19,187 · program services $14,224 · management and general $4,500 · fundraising $463

  • 16 · Occupancy

    total $135,195 · program services $113,154 · management and general $17,633 · fundraising $4,408

  • 23 · Insurance

    total $16,150 · program services $13,457 · management and general $2,154 · fundraising $539

  • 24a · Other expenses: PURCHASE GIFT-SHOP/STOR

    total $38,669 · program services $37,844 · management and general $660 · fundraising $165

  • 24b · Other expenses: UTILITIES/TELEPHONE/REP

    total $35,639 · program services $29,699 · management and general $4,753 · fundraising $1,187

  • 24c · Other expenses: POSTAGE/PRINTING/FUNDAR

    total $23,495 · program services $21,933 · management and general $777 · fundraising $785

  • 24d · Other expenses: COCUZZA BUILDING EXPENS

    total $19,249 · program services $19,249 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $15,520 · program services $14,642 · management and general $702 · fundraising $176

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134,083 · end of year $62,659

  • 2 · Savings and temporary cash investments

    beginning of year $551,431 · end of year $693,264

  • 3 · Pledges and grants receivable

    beginning of year $58,662 · end of year $48,662

  • 4 · Accounts receivable

    beginning of year $100

  • 8 · Inventories for sale or use

    beginning of year $20,404 · end of year $6,676

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,497 · end of year $18,679

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

    $949,337

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

    $21,376

  • 10c · Land, buildings and equipment, net

    beginning of year $904,130 · end of year $927,961

  • 11 · Investments: publicly traded securities

    beginning of year $2,002,270 · end of year $4,605,477

  • 15 · Other assets

    beginning of year $255,580 · end of year $129,790

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,389 · end of year $18,900

  • 19 · Deferred revenue

    beginning of year $1,538,375 · end of year $1,548,661

  • 25 · Other liabilities

    beginning of year $279,580 · end of year $141,790

  • 27 · Net assets without donor restrictions

    beginning of year $1,542,888 · end of year $1,281,975

  • 28 · Net assets with donor restrictions

    beginning of year $549,925 · end of year $810,838

Mission and programs · 2024

Mission

TO RESEARCH, COLLECT, AND DISPLAY WORKS OF ITALIAN AND ITALIAN-AMERICAN ARTISTS, AND TO PROMOTE EDUCATIONAL PROGRAMS FOR THE APPRECIATION OF ITALIAN ART AND CULTURE, THEREBY PRESERVING THE HERITAGES OF ITALIAN-AMERICANS FOR FUTURE GENERATIONS.

Activities or mission (Part I)

FIRST MUSEUM IN THE UNITED STATES DEVOTED EXCLUSIVELY TO ITALIAN AND ITALIAN-AMERICAN ART AND CULTURE.

  • CURRENTLY SUPPORTED IN PART BY THE GRANTS FOR THE ARTS OF SAN FRANCISCO HOTEL TAX FUND, BY GRANTS FROM THE BERNARD OSHER FOUNDATION, ROSARIA HAUGHLAND FOUNDATION, SHEILA WISHEK TRUST, THE GENEROSITY OF MUSEO MEMBERS, AND THE BOARD OF DIRECTORS AND INDIVIDUAL DONORS.

    Expenses $445,831 · Revenue $141,688

As filed on the 2024 return.

Listed in Part VII

  • VICTORIA LOBUE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • ANGELA ALIOTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • DR VINCENT FAUSONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • MARY SERVENTI-STEINER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • MARK SCHIAVENZA

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • SANDRA BAGNATORI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • BEVERLEY BORELLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • KENNETH BORELLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • ELENA BRITTAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • DAVID CINCOTTA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • GABRIELLA JUDD CIRELLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • DAVID GIANNINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • JAMES SANGIACOMO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • DONNA GOTHELF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • JACKIE SVEVO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349320299

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