Nonprofit · EIN 13-5161230
ITALY-AMERICAN CHAMBER OF COMMERCE INC
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,406,418 | $1,393,559 | $12,859 | $739,576 | $515,553 | $224,023 |
| December 31, 2023 | 990 | $1,171,943 | $1,212,601 | -$40,658 | $889,645 | $678,611 | $211,034 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $266,776
- Membership dues
- $266,776
- Program service revenue
- $949,308
- Investment income
- $0
- Other revenue
- $190,334
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $152,682
- Salaries, compensation and benefits (total)
- $382,938
- Professional fundraising fees
- $0
- Legal fees
- $8,164
- Accounting fees
- $24,371
- Travel
- $114,870
- Depreciation
- $125,241
- Program services (functional)
- $525,283
- Management and general (functional)
- $868,276
Balance sheet and other
- Total assets, start of year
- $889,645
- Total assets, end of year
- $739,576
- Total liabilities, end of year
- $515,553
- Net assets, end of year
- $224,023
- Land, buildings and equipment
- $20,041
- Net assets without donor restrictions
- $224,023
- Gross receipts
- $1,406,418
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1887
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FEDERICO TOZZI | SECRETARY GENERAL Officer | 40 | $119,754 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FEDERICO TOZZI | SECRETARY GENERAL Officer | 40 | $173,150 |
Address and contacts
- Address (IRS master file)
- 11 E 44TH ST RM 1400, NEW YORK, NY 10017-0055
- In care of
- % MR F TOZZI
- Principal officer (990 for 2024)
- ALBERTO MILANI, 730 5TH AVENUE STE 600, NEW YORK, NY 10019
- Signed the 990
- FEDERICO TOZZI, EXECUTIVE DIRECTOR
- Phone
- (212) 459-0044
- Website
- HTTPS://ITALCHAMBER.ORG/
- Return prepared by
- GC CONSULTANTS INC
Mission
PROMOTION OF ECONOMIC INTERESTS BETWEEN USA & ITALY
Program accomplishments
- NEWSLETTERS WERE PUBLISHED AND DISTRIBUTED TO MEMBERS AND NONMEMBERS, AND EVENTS WERE ORGANIZED PROMOTING THE ECONOMIC EXCHANGE BETWEEN USA AND ITALYExpenses $525,283 · revenue $949,308
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-5161230
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $739,576
- Income (IRS master file)
- $1,406,418
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,406,418 | $1,393,559 | $739,576 | XML |
| 990 | December 2023 | $1,171,943 | $1,212,601 | $889,645 | XML |
| 990 | December 2022 | $1,202,224 | $1,194,128 | $1,000,945 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-5161230).
Questions about ITALY-AMERICAN CHAMBER OF COMMERCE INC
- What is the EIN of ITALY-AMERICAN CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of ITALY-AMERICAN CHAMBER OF COMMERCE INC is 13-5161230.
- Is ITALY-AMERICAN CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1944.
- Are donations to ITALY-AMERICAN CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ITALY-AMERICAN CHAMBER OF COMMERCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ITALY-AMERICAN CHAMBER OF COMMERCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ITALY-AMERICAN CHAMBER OF COMMERCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ITALY-AMERICAN CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 names ALBERTO MILANI.
- Who are the officers and directors of ITALY-AMERICAN CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $119,754 (FEDERICO TOZZI, SECRETARY GENERAL).
- How much revenue does ITALY-AMERICAN CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,406,418, expenses of $1,393,559 and total assets of $739,576 at year end.
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