Nonprofit · EIN 61-1413870
ITALIAN AMERICAN SCHOLARSHIP ASSOCIATION INC
Tax-exempt · PEARL RIVER, NY 10965
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990-EZ | $18,383 | $20,834 | -$2,451 | $425,032 | – | $425,032 |
| June 30, 2023 | 990-EZ | $8,888 | $20,898 | -$12,010 | $427,483 | – | $427,483 |
Financial details: 990-EZ for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $1,500
- Program service revenue
- $0
- Investment income
- $15,303
- Other revenue
- $1,580
Expenses
- Grants and similar amounts paid
- $15,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $4,580
- Other expenses
- $1,254
Balance sheet and other
- Total assets, start of year
- $427,483
- Total assets, end of year
- $425,032
- Total liabilities, end of year
- –
- Net assets, end of year
- $425,032
- Cash, savings and investments
- $425,032
- Gross receipts
- $18,383
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-EZ for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John R Lagana | Chairman | 5 | $0 |
990-EZ for the year ended June 30, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Lagana | Chairman | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 35 W JEFFERSON AVE, PEARL RIVER, NY 10965-2217
- In care of
- % JOHN V PERRELLA
- Signed the 990-EZ
- John Lagana, President
- Phone
- (845) 398-1181
- Return prepared by
- KENNETH GACH CPA PC
Mission
Organization awards scholarships to high school seniors
Program accomplishments
- Organization awards scholarships to high school seniors
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 61-1413870
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $425,032
- Income (IRS master file)
- $18,383
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2024 | $18,383 | $20,834 | $425,032 | XML |
| 990-EZ | June 2023 | $8,888 | $20,898 | $427,483 | XML |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 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 61-1413870).
Questions about ITALIAN AMERICAN SCHOLARSHIP ASSOCIATION INC
- What is the EIN of ITALIAN AMERICAN SCHOLARSHIP ASSOCIATION INC?
- The employer identification number (EIN) of ITALIAN AMERICAN SCHOLARSHIP ASSOCIATION INC is 61-1413870.
- Is ITALIAN AMERICAN SCHOLARSHIP ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to ITALIAN AMERICAN SCHOLARSHIP ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ITALIAN AMERICAN SCHOLARSHIP ASSOCIATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ITALIAN AMERICAN SCHOLARSHIP ASSOCIATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ITALIAN AMERICAN SCHOLARSHIP ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2024.
- Who are the officers and directors of ITALIAN AMERICAN SCHOLARSHIP ASSOCIATION INC?
- The 990-EZ for the year ended June 30, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does ITALIAN AMERICAN SCHOLARSHIP ASSOCIATION INC have?
- On its 990-EZ for the year ended June 30, 2024 it reported revenue of $18,383, expenses of $20,834 and total assets of $425,032 at year end.
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