Nonprofit · EIN 31-6651842
SALEM ITALIAN AMERICAN EDUCATIONAL FUND
Tax-exempt · SALEM, OH 44460
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $46,263 | $37,673 | $8,590 | $146,759 | $0 | $146,759 |
| December 31, 2023 | 990 | $32,643 | $36,299 | -$3,656 | $138,169 | $0 | $138,169 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $264
- Program service revenue
- $0
- Investment income
- $13,000
- Net gain from sales of assets
- $7,774
- Net income from gaming
- $34,462
- Net income from sales of inventory
- -$1,463
- Other revenue
- $32,999
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $535
- Occupancy
- $9,816
- Depreciation
- $115
- Program services (functional)
- $20,773
- Management and general (functional)
- $16,900
Balance sheet and other
- Total assets, start of year
- $138,169
- Total assets, end of year
- $146,759
- Total liabilities, end of year
- $0
- Net assets, end of year
- $146,759
- Land, buildings and equipment
- $58
- Net assets without donor restrictions
- $146,759
- Gross receipts
- $412,836
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2001
- State of legal domicile
- OH
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 |
|---|---|---|---|
| MARK | SABATINO Trustee or director | 10 | $0 |
| JASON | JULIAN Trustee or director | 5 | $0 |
| ART | JULIAN Trustee or director | 1 | $0 |
| FRANK | ZAMARELLI Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK | SABATINO Trustee or director | 10 | $0 |
| JASON | JULIAN Trustee or director | 5 | $0 |
| ART | JULIAN Trustee or director | 1 | $0 |
| FRANK | ZAMARELLI Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1060, SALEM, OH 44460-8060
- In care of
- % MARK SABATINO
- Mailing address (990-N for 2014)
- 250 PENN AVE P O BOX 1060, SALEM OH 44460
- Principal officer (990 for 2024)
- MARK SABATINO, P O BOX 1060, SALEM, OH 44460
- Principal officer (990-N for 2014)
- MARK SABATINO, P O BOX 1060, SALEM OH 44460
- Signed the 990
- MARK SABATINO, TRUSTEE
- Phone
- (330) 332-5919
- Return prepared by
- JOHNSTON ACCOUNTING SERVICES
Mission
TO PROVIDE SCHOLARSHIPS FOR HIGH SCHOOL SENIORS AND COLLEGE STUDENTS TO FURTHER THEIR EDUCATION AND TO HELP PROVIDE THE YOUTH OF THE AREA ACTIVITIES
Program accomplishments
- SCHOLARSHIPS TO HIGH SCHOOL SENIORS AND COLLEGE STUDENTSExpenses $15,600
- DONATIONS TO OTHER ORGANIZATIONS TO HELP THE YOUTH OF THE COMMUNITYExpenses $5,173
- PROGRAM FOR SCHOLARSHIPS FOR STUDENTS AND YOUTH ACTIVITIES IN THE AREA ADDITIONAL EXPENSES INCURRED TO CONTINUE TO SERVE THE YOUTH OF THE AREAExpenses $20,773
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
- 31-6651842
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $146,759
- Income (IRS master file)
- $412,836
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $46,263 | $37,673 | $146,759 | IRS |
| 990 | December 2023 | $32,643 | $36,299 | $138,169 | XML |
| 990 | December 2022 | $34,630 | $28,165 | $115,965 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2014 Officer: MARK SABATINO | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 31-6651842).
Questions about SALEM ITALIAN AMERICAN EDUCATIONAL FUND
- What is the EIN of SALEM ITALIAN AMERICAN EDUCATIONAL FUND?
- The employer identification number (EIN) of SALEM ITALIAN AMERICAN EDUCATIONAL FUND is 31-6651842.
- Is SALEM ITALIAN AMERICAN EDUCATIONAL FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to SALEM ITALIAN AMERICAN EDUCATIONAL FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SALEM ITALIAN AMERICAN EDUCATIONAL FUND 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 SALEM ITALIAN AMERICAN EDUCATIONAL FUND 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 SALEM ITALIAN AMERICAN EDUCATIONAL FUND 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 SALEM ITALIAN AMERICAN EDUCATIONAL FUND?
- The 990 for the year ended December 31, 2024 names MARK SABATINO.
- Who are the officers and directors of SALEM ITALIAN AMERICAN EDUCATIONAL FUND?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SALEM ITALIAN AMERICAN EDUCATIONAL FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $46,263, expenses of $37,673 and total assets of $146,759 at year end.
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