Nonprofit · EIN 38-6089634
ITALIAN AMERICAN CULTURAL SOCIETY
Tax-exempt · CLINTON TWP, MI 48038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,360,627 | $4,063,423 | $297,204 | $6,364,395 | $3,380,646 | $2,983,749 |
| December 31, 2023 | 990 | $3,595,545 | $3,509,053 | $86,492 | $3,510,184 | $823,641 | $2,686,543 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $49,540
- Membership dues
- $31,941
- Program service revenue
- $39,582
- Investment income
- $99,496
- Net income from fundraising events
- $33,296
- Other revenue
- $4,172,009
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,641,071
- Salaries, compensation and benefits (total)
- $1,848,513
- Professional fundraising fees
- $0
- Legal fees
- $3,141
- Accounting fees
- $16,000
- Occupancy
- $95,117
- Depreciation
- $116,754
- Program services (functional)
- $3,642,102
- Management and general (functional)
- $421,321
Balance sheet and other
- Total assets, start of year
- $3,510,184
- Total assets, end of year
- $6,364,395
- Total liabilities, end of year
- $3,380,646
- Net assets, end of year
- $2,983,749
- Land, buildings and equipment
- $3,595,566
- Net assets without donor restrictions
- $2,978,745
- Net assets with donor restrictions
- $5,004
- Gross unrelated business income
- $4,138,713
- Gross receipts
- $4,520,937
- Employees
- 106
- Volunteers
- 44
- Year formed
- 1957
- State of legal domicile
- MI
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 |
|---|---|---|---|
| GIOVANNI LOIACONO | PRESIDENT Trustee or director, Officer | – | $0 |
| THOMAS SALVATI | 1ST VICE PRE Trustee or director | – | $0 |
| ROSA ORLANDO | 2ND VICE PRE Trustee or director, Officer | – | $0 |
| LORI CANGEMI | 3RD VICE PRE Trustee or director, Officer | – | $0 |
| MARIA CICCHINI | TREASURER Trustee or director, Officer | – | $0 |
| GIOVANNI MANIACI | SERGEANT AT Trustee or director, Officer | – | $0 |
| MARK GARAGIOLA | RECORDING SE Trustee or director, Officer | – | $0 |
| GIANVITO ARATO | BOARD MEMBER Trustee or director | – | $0 |
| MASSIMO D'ARISTOTILE | BOARD MEMBER Trustee or director | – | $0 |
| GINO HARMON | BOARD MEMBER Trustee or director | – | $0 |
| VITO LOGRASSO | BOARD MEMEBE Trustee or director | – | $0 |
| ROSANNA MANIACI | BOARD MEMBER Trustee or director | – | $0 |
| DOMINIC MELIA | BOARD MEMBER Trustee or director | – | $0 |
| ROSA ORLANDO | BOARD MEMBER Trustee or director | – | $0 |
| SUE VITTORINI | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GIOVANNI LOIACONO | PRESIDENT Trustee or director, Officer | – | $0 |
| THOMAS SALVATI | 1ST VICE PRE Trustee or director | – | $0 |
| ROSA ORLANDO | 2ND VICE PRE Trustee or director, Officer | – | $0 |
| LORI CANGEMI | 3RD VICE PRE Trustee or director, Officer | – | $0 |
| MARIA CICCHINI | TREASURER Trustee or director, Officer | – | $0 |
| MICHAEL ZITO | SERGEANT AT Trustee or director, Officer | – | $0 |
| MARK GARAGIOLA | RECORDING SE Trustee or director, Officer | – | $0 |
| GIOVANNI MANIACI | PAST PRESIDE Trustee or director, Officer | – | $0 |
| GIANVITO ARATO | BOARD MEMBER Trustee or director | – | $0 |
| MASSIMO D'ARISTOTILE | BOARD MEMBER Trustee or director | – | $0 |
| GASPARE DESTASI | BOARD MEMBER Trustee or director | – | $0 |
| GINO HARMON | BOARD MEMBER Trustee or director | – | $0 |
| VITO LOGRASSO | BOARD MEMEBE Trustee or director | – | $0 |
| ROSANNA MANIACI | BOARD MEMBER Trustee or director | – | $0 |
| DOMINIC MELIA | BOARD MEMBER Trustee or director | – | $0 |
| ROSA ORLANDO | BOARD MEMBER Trustee or director | – | $0 |
| SUE VITTORINI | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 43843 ROMEO PLANK RD, CLINTON TWP, MI 48038-1297
- Principal officer (990 for 2024)
- GIOVANNI LOIACONO, 43843 ROMEO PLANK, CLINTON TOWNSHIP, MI 48038
- Signed the 990
- GIOVANNI LOIACONO, PRESIDENT
- Phone
- (586) 228-3030
- Website
- WWW.IACSONLINE.COM
- Return prepared by
- ANGELL & COMPANY PLLC
Mission
TO PLAN, PROMOTE, AND CARRY ON CHARITABLE, EDUCATIONAL, AND CULTURAL ACTIVITIES WHICH WILL BEST SERVE THE WELFARE OF THE COMMUNITY AT LARGE.
Program accomplishments
- RECREATIONAL AND COMMUNITY SERVICESExpenses $20,675 · revenue $10,735
- EDUCATIONAL SERVICESExpenses $22,220 · revenue $26,950
- UNRELATED BUSINESSExpenses $3,599,207
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
- 38-6089634
- 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
- 1962
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23Z)
- Assets (IRS master file)
- $6,364,395
- Income (IRS master file)
- $4,520,937
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,360,627 | $4,063,423 | $6,364,395 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,595,545 | $3,509,053 | $3,510,184 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $3,274,312 | $3,298,615 | $3,255,883 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 38-6089634).
Questions about ITALIAN AMERICAN CULTURAL SOCIETY
- What is the EIN of ITALIAN AMERICAN CULTURAL SOCIETY?
- The employer identification number (EIN) of ITALIAN AMERICAN CULTURAL SOCIETY is 38-6089634.
- Is ITALIAN AMERICAN CULTURAL SOCIETY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
- Are donations to ITALIAN AMERICAN CULTURAL SOCIETY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ITALIAN AMERICAN CULTURAL SOCIETY 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 ITALIAN AMERICAN CULTURAL SOCIETY 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 ITALIAN AMERICAN CULTURAL SOCIETY 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 ITALIAN AMERICAN CULTURAL SOCIETY?
- The 990 for the year ended December 31, 2024 names GIOVANNI LOIACONO.
- Who are the officers and directors of ITALIAN AMERICAN CULTURAL SOCIETY?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does ITALIAN AMERICAN CULTURAL SOCIETY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,360,627, expenses of $4,063,423 and total assets of $6,364,395 at year end.
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