Nonprofit · EIN 59-1742639
IL CIRCOLO INC
Tax-exempt · BOYNTON BEACH, FL 33437
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2026 | 990 | $242,075 | $282,623 | -$40,548 | $320,818 | $32,878 | $287,940 |
| May 31, 2025 | 990 | $292,460 | $158,875 | $133,585 | $382,569 | $52,846 | $329,723 |
| May 31, 2024 | 990 | $271,491 | $189,788 | $81,703 | $206,662 | $6,365 | $200,297 |
| May 31, 2023 | 990 (amended) | $46,387 | $113,157 | -$66,770 | $133,863 | $15,010 | $118,853 |
Financial details: 990 for the year ended May 31, 2026
Revenue
- Contributions, gifts and grants
- $79,047
- Membership dues
- $14,419
- Program service revenue
- $35,482
- Investment income
- $0
- Net income from fundraising events
- $127,546
- Other revenue
- $127,546
Expenses
- Grants and similar amounts paid
- $51,228
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $555
- Accounting fees
- $2,500
- Travel
- $758
- Program services (functional)
- $132,246
- Management and general (functional)
- $150,377
Balance sheet and other
- Total assets, start of year
- $381,334
- Total assets, end of year
- $320,818
- Total liabilities, end of year
- $32,878
- Net assets, end of year
- $287,940
- Publicly traded securities
- $150,000
- Gross unrelated business income
- $127,546
- Gross receipts
- $408,715
- Employees
- 0
- Year formed
- 1977
- State of legal domicile
- FL
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 May 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert J De Angelis | Treasurer Trustee or director | 20 | $0 |
| Rose De Angelis | Director Trustee or director | 1 | $0 |
| Antonella Balzano | Director Trustee or director | 1 | $0 |
| Lora David | Director Trustee or director | 1 | $0 |
| John Diprato | Executive Vice President Trustee or director | 1 | $0 |
| Paul Finizio | President Trustee or director | 10 | $0 |
| Paolo Mangia | Director Trustee or director | 1 | $0 |
| Tony Phillips | Director Trustee or director | 1 | $0 |
| Chris Salamone | Vice President Trustee or director | 1 | $0 |
| Sally Valenti | Director Trustee or director | 10 | $0 |
| Ilaria Serra | Director Trustee or director | 1 | $0 |
| Antoinette Vigilante | Director Trustee or director | 1 | $0 |
| Sallee Adamo | Director Trustee or director | 1 | $0 |
| Regina Peters | Director Trustee or director | 1 | $0 |
| Anthony Yazzetti | Director Trustee or director | 1 | $0 |
990 for the year ended May 31, 2025: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert J De Angelis | Treasurer Trustee or director | 20 | $0 |
| Rose De Angelis | Director Trustee or director | 1 | $0 |
| Antonella Balzano | Director Trustee or director | 1 | $0 |
| Lora David | Director Trustee or director | 1 | $0 |
| John Diprato | Executive Vice President Trustee or director | 1 | $0 |
| Paul Finizio | President Trustee or director | 10 | $0 |
| Paolo Mangia | Director Trustee or director | 1 | $0 |
| Tony Phillips | Director Trustee or director | 1 | $0 |
| Chris Salamone | Vice President Trustee or director | 1 | $0 |
| Sally Valenti | Director Trustee or director | 10 | $0 |
| Ilaria Serra | Director Trustee or director | 1 | $0 |
| Antoinette Vigilante | Director Trustee or director | 1 | $0 |
| Sallee Adamo | Director Trustee or director | 1 | $0 |
| Regina Peters | Director Trustee or director | 1 | $0 |
| Anthony Yazzetti | Director Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ilaria Serra | Director Trustee or director | 1 | $0 |
| Sally Valenti | Director Trustee or director | 10 | $0 |
| Chris Salamone | Vice President Trustee or director | 1 | $0 |
| Antoinette Vigilante | Director Trustee or director | 1 | $0 |
| Anthony Yazzetti | Director Trustee or director | 0 | $0 |
| Regina Peters | Director Trustee or director | 0 | $0 |
| Sallee Adamo | Director Trustee or director | 1 | $0 |
| Tony Phillips | Director Trustee or director | 1 | $0 |
| Antonella Balzano | Director Trustee or director | 1 | $0 |
| Rose De Angelis | Director Trustee or director | 1 | $0 |
| Robert J De Angelis | Treasurer Trustee or director | 20 | $0 |
| Lora David | Director Trustee or director | 1 | $0 |
| Paolo Mangia | Director Trustee or director | 1 | $0 |
| Paul Finizio | President Trustee or director | 10 | $0 |
| John Diprato | Executive Vice President Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert J De Angelis | Executive Director Officer | 20 | $14,700 |
| Claire Giannamore | Director Trustee or director | 1 | $0 |
| Loretta Jungreis | Director Trustee or director | 1 | $0 |
| Antoinette Vigilante | Director Trustee or director | 1 | $0 |
| Ilaria Serra | Director Trustee or director | 1 | $0 |
| Tony Phillips | Director Trustee or director | 1 | $0 |
| Paolo Mangia | Director Trustee or director | 1 | $0 |
| Gloria Ciongoli | Director Trustee or director | 1 | $0 |
| Antonella Balzano | Director Trustee or director | 1 | $0 |
| Rose De Angelis | Director Trustee or director | 1 | $0 |
| Lou Deprima | Director Trustee or director | 1 | $0 |
| John Deprato | Director Trustee or director | 1 | $0 |
| Laura David | Director Trustee or director | 1 | $0 |
| Sally Valenti | Executive Vice President Trustee or director, Officer | 10 | $0 |
| Paul Finizio | President Trustee or director, Officer | 10 | $0 |
| Chris Salamone | Vice President Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7411 MODENA DR, BOYNTON BEACH, FL 33437-6064
- In care of
- % ROBERT J DE ANGELIS
- Signed the 990
- ROBERT J DE ANGELIS, Treasurer
- Phone
- (561) 200-6300
- Website
- WWW.ILCIRCOLOFLORIDA.ORG
- Return prepared by
- Sevfin LLC
Mission
SUPPORT AND PROMOTE ITALIAN ARTS AND CULTURE
Program accomplishments
- THE ORGANIZATION HOSTS VARIOUS EVENTS WITHIN THE STATE OF FLORIDA WHOSE PURPOSE IS TO PRESERVE AND PROMOTE THE ITALIAN CULTURE THROUGH EDUCATION,ART, AND MUSICExpenses $81,018 · revenue $37,986
- ITALIAN CULTURE IS PART OF THE MOSAIC OF OUR DAILY LIVES, INFLUENCING OUR VISION OF ART, BEAUTY, FASHION, DESIGN, ARCHITECTURE, CUISINE, NATURE,LANGUAGE, POETRY, PHILOSOPHY, THOUGHT, OPERA, AND MUSIC. SINCE THE BEGINNING, ANNUAL SCHOLARSHIPS HAVE BEEN GIVEN TO QUALIFIED STUDENTS TO STUDY IN ITALY. IN ADDITION, THE ORGANIZATION HAS BEEN A MAJOR SUPPORTER OF FLORIDA ATLANTIC UNIVERSITYS ITALIAN STUDIES PROGRAM, ONE OF THE ONLY TWO MAJOR PROGRAMS IN THE FLORIDA STATE UNIVERSITY SYSTEM. IL CIRCOLO HAS CONTRIBUTED TO A PROGRAM RELATED TO ITALIAN USAGE IN THE ARTS AT PALM BEACH ATLANTIC UNIVERSITY. FURTHERMORE, IL CIRCOLO CONTRIBUTES TO THE SUPPORT OF THE ITALIAN LANGUAGE COURSES AT PUBLIC AND PRIVATE SCHOOLS, SUCH AS THE HENDERSON SCHOOL INVOLVEMENT IN THE ARTS IS EPITOMIZED BY IL CIRCOLOS ANNUAL GRANTING OF THE MAESTRO ANTON GUADAGNO AWARD (FORMERLY CALLED THE GIUSEPPE VERDI AWARD) TO ONE OF THE WINNERS OF THE ANNUAL PALM BEACH OPERA VOCAL COMPETITION.Expenses $51,228 · revenue $5,750
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | 990 on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1742639
- 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
- 1977
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $320,818
- Income (IRS master file)
- $408,715
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2026 | $242,075 | $282,623 | $320,818 | XML |
| 990 | May 2025 | $292,460 | $158,875 | $382,569 | XML |
| 990 | May 2024 | $271,491 | $189,788 | $206,662 | XML |
| 990 | May 2023 | $46,387 | $113,157 | $133,863 | XML |
| 990 | May 2022 | $149,756 | $96,634 | $185,623 | IRS |
| 990-EZ | May 2021 | – | – | – | IRS |
| 990-EZ | May 2019 | – | – | – | 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 59-1742639).
Questions about IL CIRCOLO INC
- What is the EIN of IL CIRCOLO INC?
- The employer identification number (EIN) of IL CIRCOLO INC is 59-1742639.
- Is IL CIRCOLO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to IL CIRCOLO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IL CIRCOLO 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 IL CIRCOLO INC due?
- The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IL CIRCOLO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2026.
- Who are the officers and directors of IL CIRCOLO INC?
- The 990 for the year ended May 31, 2026 lists 15 people; 0 received compensation from the organization.
- How much revenue does IL CIRCOLO INC have?
- On its 990 for the year ended May 31, 2026 it reported revenue of $242,075, expenses of $282,623 and total assets of $320,818 at year end.
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