Nonprofit · EIN 42-1226284
ITALIAN AMERICAN CULTURAL CENTER
Tax-exempt · DES MOINES, IA 50321
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $12,343,352 | $348,831 | $11,994,521 | $14,691,074 | $15,214 | $14,675,860 |
| December 31, 2024 | 990 | $142,260 | $213,982 | -$71,722 | $4,311,203 | $1,630,214 | $2,680,989 |
| December 31, 2023 | 990 | $178,326 | $173,696 | $4,630 | $4,371,684 | $1,615,000 | $2,756,684 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $12,347,478
- Program service revenue
- $5,693
- Investment income
- $337
- Net income from fundraising events
- -$14,596
- Other revenue
- -$10,156
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,740
- Occupancy
- $71,940
- Depreciation
- $128,663
- Program services (functional)
- $323,721
- Management and general (functional)
- $25,110
Balance sheet and other
- Total assets, start of year
- $4,311,203
- Total assets, end of year
- $14,691,074
- Total liabilities, end of year
- $15,214
- Net assets, end of year
- $14,675,860
- Land, buildings and equipment
- $7,416,448
- Publicly traded securities
- $2,600,000
- Net assets without donor restrictions
- $11,867,318
- Net assets with donor restrictions
- $2,808,542
- Gross receipts
- $12,398,808
- Employees
- 0
- Volunteers
- 75
- Year formed
- 1984
- State of legal domicile
- IA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELO AMBROSECCIA | DIRECTOR Trustee or director | 1 | $0 |
| BOB MYERS | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS COPPOLA | DIRECTOR Trustee or director | 1 | $0 |
| LAURA MURPHY | DIRECTOR Trustee or director | 1 | $0 |
| LORETTA SIEMAN | DIRECTOR Trustee or director | 1 | $0 |
| MARIO FENU | DIRECTOR Trustee or director | 1 | $0 |
| MIKE RICHARDSON | DIRECTOR Trustee or director | 1 | $0 |
| MSGR FRANK BOGNANNO | DIRECTOR Trustee or director | 1 | $0 |
| OLIVER KRAUSE | DIRECTOR Trustee or director | 1 | $0 |
| RICK TROWER | DIRECTOR Trustee or director | 1 | $0 |
| PAOLO BARTESAGHI | PRESIDENT Officer | 10 | $0 |
| JEFF LAMBERTI | CHAIRMAN Officer | 10 | $0 |
| THERESE RIORDAN | SECRETARY Officer | 10 | $0 |
| SUSAN DEFAZIO | TREASURER Officer | 10 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELO AMBROSECCIA | DIRECTOR Trustee or director | 1 | $0 |
| BOB MYERS | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS COPPOLO | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH HOAK | DIRECTOR Trustee or director | 1 | $0 |
| LORETTA SIEMAN | DIRECTOR Trustee or director | 1 | $0 |
| MARIO FENU | DIRECTOR Trustee or director | 1 | $0 |
| MIKE RICHARDSON | DIRECTOR Trustee or director | 1 | $0 |
| MSGR FRANK BOGNANNO | DIRECTOR Trustee or director | 1 | $0 |
| OLIVER KRAUSE | DIRECTOR Trustee or director | 1 | $0 |
| RICK TROWER | DIRECTOR Trustee or director | 1 | $0 |
| PAOLO BARTESAGHI | PRESIDENT Officer | 10 | $0 |
| JEFF LAMBERTI | CHAIRMAN Officer | 10 | $0 |
| THERESE RIORDAN | SECRETARY Officer | 10 | $0 |
| SUSAN DEFAZIO | TREASURER Officer | 10 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELO AMBROSECCIA | Director Trustee or director | 1 | $0 |
| BOB MYERS | Director Trustee or director | 1 | $0 |
| CHRIS COPPOLO | Director Trustee or director | 1 | $0 |
| ELIZABETH HOAK | Director Trustee or director | 1 | $0 |
| LORETTA SIEMAN | Director Trustee or director | 1 | $0 |
| MARIO FENU | Director Trustee or director | 1 | $0 |
| MIKE RICHARDSON | Director Trustee or director | 1 | $0 |
| MSGR FRANK BOGNANNO | Director Trustee or director | 1 | $0 |
| OLIVER KRAUSE | Director Trustee or director | 1 | $0 |
| RICK TROWER | Director Trustee or director | 1 | $0 |
| PAOLO BARTESAGHI | President Officer | 10 | $0 |
| JEFF LAMBERTI | Chairman Officer | 10 | $0 |
| THERESE RIORDAN | Secretary Officer | 10 | $0 |
| SUSAN DEFAZIO | Treasurer Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 2633 FLEUR DR, DES MOINES, IA 50321-1753
- Principal officer (990 for 2025)
- SUSAN DEFAZIO, PO BOX 4994, DES MOINES, IA 50305
- Signed the 990
- SUSAN DEFAZIO, TREASURER
- Phone
- (515) 868-3068
- Website
- WWW.IACCOFIA.ORG
- Return prepared by
- WELGAARD CPAS & ADVISORS
Mission
TO PROMOTE CULTURAL AWARENESS AND DIVERSITY IN THE COMMUNITY WHILE PROMOTING THE ITALIAN HERITAGE.
Program accomplishments
- ORGANIZE PUBLIC EVENTS TO PROMOTE ITALIAN-AMERICAN CULTURAL AWARENESS.Expenses $323,721 · revenue $10,133
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 | 990 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
- 42-1226284
- 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
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A230)
- Assets (IRS master file)
- $14,691,074
- Income (IRS master file)
- $12,398,808
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $12,343,352 | $348,831 | $14,691,074 | IRS |
| 990 | December 2024 | $142,260 | $213,982 | $4,311,203 | XML |
| 990 | December 2023 | $178,326 | $173,696 | $4,371,684 | XML |
| 990 | December 2022 | $1,153,534 | $267,014 | $4,367,054 | 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 42-1226284).
Questions about ITALIAN AMERICAN CULTURAL CENTER
- What is the EIN of ITALIAN AMERICAN CULTURAL CENTER?
- The employer identification number (EIN) of ITALIAN AMERICAN CULTURAL CENTER is 42-1226284.
- Is ITALIAN AMERICAN CULTURAL CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to ITALIAN AMERICAN CULTURAL CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ITALIAN AMERICAN CULTURAL CENTER 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 CENTER due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ITALIAN AMERICAN CULTURAL CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ITALIAN AMERICAN CULTURAL CENTER?
- The 990 for the year ended December 31, 2025 names SUSAN DEFAZIO.
- Who are the officers and directors of ITALIAN AMERICAN CULTURAL CENTER?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does ITALIAN AMERICAN CULTURAL CENTER have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $12,343,352, expenses of $348,831 and total assets of $14,691,074 at year end.
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