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Nonprofiteer
← LA FESTA ITALIANA INC

Form 990 for tax year 2024

Filed by LA FESTA ITALIANA INC.

Totals

Total revenue
$218,837
Total expenses
$230,104
Contributions and grants received
$16,100
Grants paid
$20,725
Program service revenue
$198,309
Investment income
$1,141
Other revenue
$3,287
Total assets, end of year
$161,094
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$161,094
Program services expenses (Part IX)
$224,976
Management and general expenses
$5,128
Fundraising expenses
$0
Program service expenses (Part III)
$224,976

Program services were 97.8% 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.

  • 1f · All other contributions, gifts and grants

    $16,100

  • 2a · Program service revenue: FOOD AND BEVERAGE SALE

    total $144,960 · related or exempt $144,960

  • 2b · Program service revenue: VENDOR INCOME

    total $28,725 · related or exempt $28,725

  • 2c · Program service revenue: BOUTIQUE SALES

    total $22,864 · related or exempt $22,864

  • 2d · Program service revenue: BOCCE REVENUE

    total $1,760 · related or exempt $1,760

  • 3 · Investment income

    total $1,141 · excluded $1,141

  • 9a · Gaming: gross income

    $3,256

  • 9b · Gaming: direct expenses

    $1,684

  • 9c · Net income from gaming

    total $1,572 · excluded $1,572

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,715 · related or exempt $1,715

  • 11e · Other revenue, total

    $1,715

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,725 · program services $20,725

  • 11c · Fees: accounting

    total $3,659 · management and general $3,659

  • 11g · Fees: other

    total $27,935 · program services $27,935

  • 12 · Advertising and promotion

    total $11,006 · program services $11,006

  • 13 · Office expenses

    total $3,129 · program services $1,660 · management and general $1,469

  • 14 · Information technology

    total $19 · program services $19

  • 16 · Occupancy

    total $14,792 · program services $14,792

  • 23 · Insurance

    total $6,420 · program services $6,420

  • 24a · Other expenses: COST OF GOODS SOLD

    total $81,394 · program services $81,394

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $55,800 · program services $55,800

  • 24c · Other expenses: OTHER EVENT EXPENSES

    total $5,225 · program services $5,225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,374 · end of year $97,750

  • 2 · Savings and temporary cash investments

    beginning of year $125,922 · end of year $53,844

  • 8 · Inventories for sale or use

    beginning of year $11,270 · end of year $9,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $205

  • 27 · Net assets without donor restrictions

    beginning of year $172,361 · end of year $161,094

Mission and programs · 2024

Mission

TO PROMOTE EDUCATIONAL AND CULTURAL COMMUNITY EVENTS DESIGNED TO INCREASE THE AWARENESS AND APPRECIATION OF ITALIAN CULTURE, HISTORY, LANGUAGE AND THE MANY POSTIVE CONTRIBUTIONS OF ITALIAN-AMERICANS TO THE UNITED STATES.

Activities or mission (Part I)

TO PROMOTE AWARENESS OF ITALIAN AMERICAN HISTORY AND CULTURE.

  • TO PROMOTE THE AWARENESS OF ITALIAN-AMERICAN CULTURE THROUGH AN ITALIAN FESTIVAL (LA FESTA ITALIANA) HELD IN DOWNTOWN SYRACUSE NEW YORK.

    Expenses $224,976 · Grants $20,725 · Revenue $200,024

As filed on the 2024 return.

Listed in Part VII

  • Virginia Lostumbo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Julian Charles

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Theresa Charles

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Carol Stockham

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Linda Defrancisco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Cerrone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephen Militi

    DIRECTOR

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2025
IRS schema version
2024v5.2
Source object
202502319349301200

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