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Nonprofiteer
← LA FESTA ITALIANA INC

Form 990 for tax year 2023

Filed by LA FESTA ITALIANA INC.

Totals

Total revenue
$206,127
Total expenses
$208,007
Contributions and grants received
$13,850
Grants paid
$8,437
Program service revenue
$190,824
Investment income
$1,453
Other revenue
$0
Total assets, end of year
$170,547
Total liabilities, end of year
$205
Net assets or fund balances, end of year
$170,342
Program services expenses (Part IX)
$200,862
Management and general expenses
$7,145
Fundraising expenses
$0
Program service expenses (Part III)
$200,862

Program services were 96.6% 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

    $13,850

  • 2a · Program service revenue: PROGRAM FEES

    total $190,824 · related or exempt $190,824

  • 3 · Investment income

    total $1,453 · excluded $1,453

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,437 · program services $8,437

  • 11c · Fees: accounting

    total $2,875 · management and general $2,875

  • 11g · Fees: other

    total $192,425 · program services $192,425

  • 13 · Office expenses

    total $1,759 · management and general $1,759

  • 23 · Insurance

    total $2,511 · management and general $2,511

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,688 · end of year $95,190

  • 2 · Savings and temporary cash investments

    beginning of year $65,290 · end of year $66,107

  • 8 · Inventories for sale or use

    beginning of year $9,250 · end of year $9,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $6 · end of year $205

  • 27 · Net assets without donor restrictions

    beginning of year $172,222 · end of year $170,342

Mission and programs · 2023

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 $200,862 · Grants $8,437 · Revenue $190,824

As filed on the 2023 return.

Listed in Part VII

  • Linda Defrancisco

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Cerrone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • 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

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
2023
Filed
14 July 2024
IRS schema version
2023v5.1
Source object
202421979349301617

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