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← AMERICA-ITALY SOCIETY OF PHILADELPHIA

Form 990 for tax year 2023

Filed by AMERICA-ITALY SOCIETY OF PHILADELPHIA.

Totals

Total revenue
$601,576
Total expenses
$544,386
Contributions and grants received
$111,338
Grants paid
$35,841
Program service revenue
$459,405
Investment income
$39,565
Other revenue
-$8,732
Total assets, end of year
$1,319,023
Total liabilities, end of year
$318,313
Net assets or fund balances, end of year
$1,000,710
Program services expenses (Part IX)
$310,304
Management and general expenses
$233,483
Fundraising expenses
$599
Program service expenses (Part III)
$310,304

Program services were 57.0% 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.

  • 1b · Membership dues

    $22,225

  • 1e · Government grants (contributions)

    $81,098

  • 1f · All other contributions, gifts and grants

    $8,015

  • 2a · Program service revenue: TUITION REVENUE

    total $459,405 · related or exempt $459,405

  • 3 · Investment income

    total $39,565 · excluded $39,565

  • 8a · Fundraising events: gross income

    $4,801

  • 8b · Fundraising events: direct expenses

    $13,533

  • 8c · Net income from fundraising events

    total -$8,732 · excluded -$8,732

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,841 · program services $35,841

  • 5 · Compensation of officers, directors and key employees

    total $105,758 · program services $52,879 · management and general $52,879

  • 7 · Other salaries and wages

    total $98,554 · program services $49,277 · management and general $49,277

  • 10 · Payroll taxes

    total $17,067 · program services $8,533 · management and general $8,534

  • 11b · Fees: legal

    total $23,051 · management and general $23,051

  • 11g · Fees: other

    total $91,175 · program services $91,175

  • 12 · Advertising and promotion

    total $1,913 · management and general $1,913

  • 13 · Office expenses

    total $26,288 · management and general $26,288

  • 14 · Information technology

    total $9,928 · management and general $9,928

  • 16 · Occupancy

    total $59,961 · program services $29,981 · management and general $29,381 · fundraising $599

  • 20 · Interest

    total $7,869 · management and general $7,869

  • 23 · Insurance

    total $4,002 · management and general $4,002

  • 24a · Other expenses: PROGRAM EXPENSES

    total $42,618 · program services $42,618

  • 24b · Other expenses: BANK CHARGES

    total $14,428 · management and general $14,428

  • 24c · Other expenses: POSTAGE

    total $4,222 · management and general $4,222

  • 24d · Other expenses: TELEPHONE

    total $1,711 · management and general $1,711

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,352 · end of year $40,469

  • 2 · Savings and temporary cash investments

    beginning of year $469,540 · end of year $508,091

  • 9 · Prepaid expenses and deferred charges

    beginning of year $253 · end of year $253

  • 11 · Investments: publicly traded securities

    beginning of year $193,659 · end of year $694,747

  • 12 · Investments: other securities

    beginning of year $501,475

  • 15 · Other assets

    beginning of year $131,218 · end of year $75,463

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,033 · end of year $21,828

  • 19 · Deferred revenue

    beginning of year $76,605 · end of year $71,770

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $135,954 · end of year $74,715

  • 27 · Net assets without donor restrictions

    beginning of year $770,697 · end of year $824,937

  • 28 · Net assets with donor restrictions

    beginning of year $173,208 · end of year $175,773

Mission and programs · 2023

Mission

TO INCREASE AMERICAN UNDERSTANDING OF ITALIAN LIFE AND CULTURE AND TO ENHANCE FRIENDLY RELATIONS BETWEEN ITALY AND THE UNITED STATES OF AMERICA.

  • ITALIAN LANGUAGE PROGRAMS - THE SOCIETY OFFERED ELEMENTARY, INTERMEDIATE AND ADVANCED COURSES IN ITALIAN LANGUAGE AND LITERATURE FOR APPROXIMATELY 350 STUDENTS.

    Expenses $296,428 · Grants $35,841 · Revenue $459,405

  • LECTURES, FILMS, OTHER CULTURAL AND EDUCATION PROGRAMS - DESIGNED TO INCREASE AMERICAN UNDERSTANDING OF ITALY'S CULTURAL HERITAGE AND FOSTER FRIENDLY TIES BETWEEN THE UNITED STATES AND ITALY.

    Expenses $13,876

As filed on the 2023 return.

Listed in Part VII

  • Ute Striker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Christopher Scarpa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robyn Leto

    CO-VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • C Brian Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diane Meleski

    CO-VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Catherine Warriner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Blaise Tobia

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Bean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrizia Germano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Franca Riccardi

    EXECUTIVE DIRECTOR

    Total calculated
    $105,757
    From this org
    $105,757
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

  • LENAPE REGIONAL HIGH SCHOOL DISTRICT

    $6,000

    TO SUPPORT THE ITALIAN EDUCATION PROGRAMS

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202403179349301750

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