Form 990 for tax year 2025
Filed by SOCIETY OF ITALIAN AMERICAN BUSINESSMEN INC.
Totals
- Total revenue
- $404,472
- Total expenses
- $364,610
- Contributions and grants received
- $422,089
- Grants paid
- $182,500
- Program service revenue
- $776
- Investment income
- $16,306
- Other revenue
- -$34,699
- Total assets, end of year
- $823,664
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $823,664
- Program services expenses (Part IX)
- $182,500
- Management and general expenses
- $92,615
- Fundraising expenses
- $89,495
- Program service expenses (Part III)
- $182,500
Program services were 50.1% 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
$20,718
-
1c · Fundraising events
$357,128
-
1f · All other contributions, gifts and grants
$44,243
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $776 · related or exempt $776
-
3 · Investment income
total $16,299 · related or exempt $16,299
-
7a · Gross sales of assets other than inventory
securities $235,544 · other assets $6
-
7b · Less cost or other basis and sales expenses
securities $235,543
-
7c · Gain or loss
securities $1 · other assets $6
-
7d · Net gain or loss
total $7 · related or exempt $7
-
8a · Fundraising events: gross income
$526,623
-
8a · Fundraising events: contributions included on line 1c
$357,128
-
8b · Fundraising events: direct expenses
$561,322
-
8c · Net income from fundraising events
total -$34,699
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $182,500 · program services $182,500
-
11c · Fees: accounting
total $9,900 · management and general $9,900
-
13 · Office expenses
total $2,392 · management and general $2,392
-
17 · Travel
total $13,608 · management and general $13,608
-
23 · Insurance
total $2,210 · management and general $2,210
-
24a · Other expenses: SOCIAL MEDIA
total $89,087 · fundraising $89,087
-
24b · Other expenses: BANK AND CREDIT CARD FEES
total $40,452 · management and general $40,452
-
24c · Other expenses: ADMINISTRATIVE SUPPORT
total $9,000 · management and general $9,000
-
24d · Other expenses: INVESTMENT FEES
total $3,918 · management and general $3,918
-
24e · All other expenses
total $11,543 · management and general $11,135 · fundraising $408
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $238,250 · end of year $206,986
-
11 · Investments: publicly traded securities
beginning of year $517,066 · end of year $606,678
-
15 · Other assets
end of year $10,000
-
27 · Net assets without donor restrictions
beginning of year $755,316 · end of year $823,664
Mission and programs · 2025
Mission
THE ORGANIZATION IS A FELLOWSHIP OF ITALIAN-AMERICAN BUSINESSMEN CONSISTING OF PEOPLE WHO LIVE, WORK, AND/OR WORSHIP IN HARFORD COUNTY, MARYLAND. THE ORGANIZATION ENDEAVORS TO ASSIST OTHER NOT-FOR-PROFIT ORGANIZATIONS WITH SIMILAR VALUES
Activities or mission (Part I)
THE ORGANIZATION IS A FELLOWSHIP OF ITALIAN-AMERICAN BUSINESSMEN CONSISTING OF PEOPLE WHO LIVE, WORK, AND/OR WORSHIP IN HARFORD COUNTY, MARYLAND.
-
TO SUPPORT OTHER CHARITABLE ORGANIZATIONS WITH CHARITABLE GIVING FOCUSING ON EDUCATION, HEALTHCARE, AND HUMAN SERVICES.
Expenses $182,500 · Grants $182,500
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jason AdamsJASON ADAMS
2ND VICE PRE
- Total calculated
- $0
- Hours/week
- 5
-
Jon BellantoniJON BELLANTONI
ASST SECRETA
- Total calculated
- $0
- Hours/week
- 5
-
Mark DardozziMARK DARDOZZI
FOUNDER/PAST
- Total calculated
- $0
- Hours/week
- 5
-
Michael DelucaMICHAEL DELUCA
1ST VICE PRE
- Total calculated
- $0
- Hours/week
- 5
-
Anthony DipaulaANTHONY DIPAULA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Robert IannucciROBERT IANNUCCI
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Chris KoutekCHRIS KOUTEK
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
James KriegJAMES KRIEG
SGT AT ARMS
- Total calculated
- $0
- Hours/week
- 5
-
Italo LiberatoreITALO LIBERATORE
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
Tony PalumboTONY PALUMBO
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
Joseph PapaJOSEPH PAPA
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
John RosaschiJOHN ROSASCHI
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
Gregory TutinoGREGORY TUTINO
ASST TREASUR
- Total calculated
- $0
- Hours/week
- 5
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
-
OTHER GRANTS 5000
$91,500
-
CHAR HOPE FOUNDATION
$25,000
-
HARFORD FAMILY HOUSE
$25,000
-
THE ARC NCR
$17,500
-
CHESAPEAKE THERAPEUTIC RIDING
$17,500
-
HARFORD COMMUNITY COLLEGE
$6,000
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 18 May 2026
- IRS schema version
- 2025v4.0
- Source object
- 202601529349300645
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