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Nonprofiteer
← LA SCUOLA D ITALIA-GUGLIELMO MARCONI

Form 990 for tax year 2022

Filed by LA SCUOLA D ITALIA-GUGLIELMO MARCONI.

Totals

Total revenue
$13,957,577
Total expenses
$4,975,597
Contributions and grants received
$442,146
Grants paid
$0
Program service revenue
$3,887,672
Investment income
$71,888
Other revenue
$9,555,871
Total assets, end of year
$2,867,860
Total liabilities, end of year
$14,778,857
Net assets or fund balances, end of year
-$11,910,997
Program services expenses (Part IX)
$3,387,654
Management and general expenses
$1,587,943
Fundraising expenses
$0
Program service expenses (Part III)
$3,387,654

Program services were 68.1% 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.

  • 1c · Fundraising events

    $132,610

  • 1f · All other contributions, gifts and grants

    $309,536

  • 1g · Noncash contributions included above

    $100,000

  • 2a · Program service revenue: TUITION

    total $3,752,666 · related or exempt $3,752,666

  • 2b · Program service revenue: AFTER SCHOOL FEES

    total $135,006 · related or exempt $135,006

  • 3 · Investment income

    total $62,508 · excluded $62,508

  • 7a · Gross sales of assets other than inventory

    securities $109,380

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

    securities $100,000

  • 7c · Gain or loss

    securities $9,380

  • 7d · Net gain or loss

    total $9,380 · excluded $9,380

  • 8a · Fundraising events: gross income

    $199,430

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

    $132,610

  • 8b · Fundraising events: direct expenses

    $199,430

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: NOTE FORGIVENESS

    total $8,960,592 · excluded $8,960,592

  • 11b · Other revenue: EMPLOYEE RETENTION CREDIT

    total $587,224 · excluded $587,224

  • 11c · Other revenue: BOOKS & OTHER REVENUE

    total $8,055 · related or exempt $8,055

  • 11e · Other revenue, total

    $9,555,871

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $123,508 · management and general $123,508

  • 7 · Other salaries and wages

    total $2,448,358 · program services $2,258,457 · management and general $189,901

  • 9 · Other employee benefits

    total $265,287 · program services $225,494 · management and general $39,793

  • 10 · Payroll taxes

    total $216,506 · program services $184,030 · management and general $32,476

  • 11b · Fees: legal

    total $66,892 · management and general $66,892

  • 11c · Fees: accounting

    total $132,974 · management and general $132,974

  • 11g · Fees: other

    total $67,838 · management and general $67,838

  • 12 · Advertising and promotion

    total $26,696 · management and general $26,696

  • 13 · Office expenses

    total $19,860 · management and general $19,860

  • 16 · Occupancy

    total $201,720 · program services $194,519 · management and general $7,201

  • 17 · Travel

    total $13,225 · program services $1,885 · management and general $11,340

  • 19 · Conferences, conventions and meetings

    total $5,770 · program services $5,770

  • 20 · Interest

    total $786,841 · management and general $786,841

  • 22 · Depreciation, depletion and amortization

    total $86,816 · program services $78,134 · management and general $8,682

  • 23 · Insurance

    total $90,732 · program services $81,659 · management and general $9,073

  • 24a · Other expenses: SCHOOL SUPPLIES

    total $181,250 · program services $181,250

  • 24b · Other expenses: CLEANING SERVICES

    total $113,895 · program services $102,506 · management and general $11,389

  • 24c · Other expenses: EQUIPMENT RENTAL & MAIN

    total $54,032 · program services $5,798 · management and general $48,234

  • 24d · Other expenses: PAYROLL PROCESSING CHAR

    total $34,952 · program services $29,707 · management and general $5,245

  • 24e · All other expenses

    total $38,445 · program services $38,445

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,771,905 · end of year $1,520,331

  • 4 · Accounts receivable

    beginning of year $101,654 · end of year $62,055

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,632 · end of year $69,723

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

    $5,810,865

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

    $4,620,114

  • 10c · Land, buildings and equipment, net

    beginning of year $1,277,567 · end of year $1,190,751

  • 15 · Other assets

    beginning of year $11,332 · end of year $25,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,205,791 · end of year $2,152,708

  • 19 · Deferred revenue

    beginning of year $993,250 · end of year $1,228,815

  • 23 · Secured mortgages and notes payable

    beginning of year $20,894,026 · end of year $11,397,334

  • 27 · Net assets without donor restrictions

    beginning of year -$20,892,977 · end of year -$11,910,997

Mission and programs · 2022

Mission

PROVIDE A COMPLETE BILINGUAL AND BICULTURAL EDUCATION (ITALIAN AND ENGLISH) WHICH CONFORMS TO THE ITALIAN MINISTRY SYSTEM FOR CHILDREN IN GRADES PREK THROUGH 12.

Activities or mission (Part I)

EDUCATIONAL INSTITUITION - BILINGUAL AND BICULTURAL (ITALIAN/ENGLISH) SCHOOL FOR CHILDREN PRE-K THROUGH HIGH SCHOOL.

  • PROVIDE A COMPLETE BILINGUAL AND BICULTURAL EDUCATION (ITALIAN AND ENGLISH) WHICH CONFORMS TO THE ITALIAN MINISTRY SYSTEM FOR CHILDREN IN GRADES PREK THROUGH 12.

    Expenses $3,387,654 · Revenue $3,887,672

As filed on the 2022 return.

Listed in Part VII

  • Massimo F D'Angelo Esq

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Diego Rodino Di Miglione

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Carmen Stefano

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Joe Morandi

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Gian Maria Magrini

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Marco Bianchi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Alfredo Maria De Falco

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Pasquale Levato

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Maria Fiorini

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Valentino Gallo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Fabrizio Di Michele

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Angelo Macri

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Silvia Poggi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Francesca Verga MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Lucia Carbone

    DIR OF ACADEMIC DEV

    Total calculated
    $0
    Hours/week
    5

  • Alessandro Zampedri

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Alfonso Cerullo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Matteo Dolci

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Michael Prater

    INTERIM HEAD OF SCHOOL

    Total calculated
    $123,508
    From this org
    $123,508
    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.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349306907

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