SOCIETY OF ITALIAN AMERICAN BUSINESSMEN INC: Form 990EZ, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- SOCIETY OF ITALIAN AMERICAN BUSINESSMEN INC (EIN 46-2965362)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202143199349207424
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T13:56:55-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 462632469 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JONES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 EMMORTON RD | AddressLine1Txt |
| City | BEL AIR | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 210145601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 462965362 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOCIETY OF ITALIAN AMERICAN | BusinessNameLine1Txt |
| Business Name Line2 | BUSINESSMEN INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOCI | BusinessNameControlTxt |
| Phone | 4439876151 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1844 | AddressLine1Txt |
| City | BEL AIR | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21014 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANTHONY PALUMBO | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4439876151 | PhoneNum |
| Signature | 2021-11-11 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANTHONY | PersonFirstNm |
| Person Last | PALUMBO | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEPHANIE DRANE | PreparerPersonNm |
| PTIN | P00594099 | PTIN |
| Phone | 4103210206 | PhoneNum |
| Preparation | 2021-11-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Website Address | WWW.THESIAB.ORG | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $118,067 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $74,344 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $2,173 | InvestmentIncomeAmt |
| Fundraising Gross Income | $41,550 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $10,309 | SpecialEventsDirectExpensesAmt |
| Special Events Net Income Loss | $31,241 | SpecialEventsNetIncomeLossAmt |
| Total Revenue | $107,758 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $84,171 | GrantsAndSimilarAmountsPaidAmt |
| Fees And Other Pymt To Ind Cntrct | $1,601 | FeesAndOtherPymtToIndCntrctAmt |
| Other Expenses Total | $14,243 | OtherExpensesTotalAmt |
| Total Expenses | $100,015 | TotalExpensesAmt |
| Excess Or Deficit For Year | $7,743 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $220,840 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $228,583 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $179,985 | BOYAmt |
| EOY | $212,714 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,855 | BOYAmt |
| EOY | $15,869 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $220,840 | BOYAmt |
| EOY | $228,583 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $220,840 | BOYAmt |
| EOY | $228,583 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | WE ARE A FELLOWSHIP OF ETHICAL AND MORAL ITALIAN-AMERICAN BUSINESSMEN CONSISTING OF PEOPLE THAT LIVE, WORK, OR WORSHIP IN HARFORD COUNTY. UNDER OUR FAITH IN GOD, WE HAVE COME TOGETHER AS A CHARITABLE ORGANIZATION TO SUPPORT OTHER NON-PROFITS IN MARYLAND WHO HAVE SIMILAR BELIEFS, AND TO ASSIST IN THE EDUCATION OF YOUNG ITALIAN-AMERICAN STUDENTS THROUGH THE SUPPORT OF SCHOLARSHIPS. OUR ORGANIZATION CONSISTS OF MEN OF ITALIAN DESCENT, WHO BAND TOGETHER TO PROMOTE THE ITALIAN HERITAGE, WORK TO MAINTAIN A POSITIVE COMMUNITY IMAGE, AND UPHOLD THE ITALIAN FAMILY TRADITIONS. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)
| Description Program Srvc AccomDescriptionProgramSrvcAccomTxt | Grants And AllocationsGrantsAndAllocationsAmt | Program Service ExpensesProgramServiceExpensesAmt |
|---|---|---|
| THE SOCIETY OF ITALIAN-AMERICAN BUSINESSMEN IS COMMITTED TO BEING MEANINGFULLY INVOLVED IN THE HARFORD COUNTY COMMUNITIES WHERE OUR MEMBERS LIVE, WORK OR WORSHIP. THE SOCIETY OF ITALIAN-AMERICAN BUSINESSMEN'S CHARITABLE GIVING FOCUSES ON EDUCATION, HEALTHCARE AND HUMAN SERVICES, AS WELL AS ORGANIZATIONS THAT SUPPORT A VIBRANT COMMUNITY. THE SOCIETY OF ITALIAN-AMERICAN BUSINESSMEN DEFINES HEALTH AND HUMAN SERVICES AS CHARITIES THAT PROVIDE SOCIAL PROGRAMS, RESOURCES, AND/OR SUPPORT TO CITIZENS IN NEED IN HARFORD COUNTY. | $57,421 | $65,659 |
| THE SOCIETY OF ITALIAN-AMERICAN BUSINESSMEN ISSUES SCHOLARSHIPS EACH YEAR TO QUALIFIED STUDENTS WHO MEET CERTAIN CRITERIA AND HAVE FILED AN APPLICATION VIA THEIR WEBSITE. | $26,750 | $26,750 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $92,409 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (11 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| MARK DARDOZZI | ||
| BOARD MEMBER | 5.00 | $0 |
| ELIO SCACCIO | ||
| BOARD MEMBER | 5.00 | $0 |
| ANTHONY PALUMBO | ||
| PRESIDENT | 5.00 | $0 |
| MIKE DELUCA | ||
| SERGENT AT A | 5.00 | $0 |
| ERIC REBBERT | ||
| VICE PRESIDE | 5.00 | $0 |
| JOE PAPA | ||
| ASSISTANT TR | 5.00 | $0 |
| JON BELLANTONI | ||
| ASSISTANT SE | 5.00 | $0 |
| ANTHONY DIPAULA | ||
| 1ST VICE PRE | 5.00 | $0 |
| NICK BERTE | ||
| SECRETARY | 5.00 | $0 |
| MICHAEL MEOLA | ||
| 2ND VICE PRE | 5.00 | $0 |
| JOHN TROIANO | ||
| TREASURER | 10.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN TROIANO | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 489 STRATFORD ROAD | AddressLine1Txt |
| City | FALLSTON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21047 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4439876151 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $22,327 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $86,931 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $68,079 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $57,902 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $74,344 | CurrentTaxYearAmt |
| Total | $309,583 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $150,923 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $198,638 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $290,615 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $41,550 | CurrentTaxYearAmt |
| Total | $681,726 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $22,327 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $237,854 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $266,717 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $348,517 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $115,894 | CurrentTaxYearAmt |
| Total | $991,309 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $991,309 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $304 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,410 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,621 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,173 | CurrentTaxYearAmt |
| Total | $7,523 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $304 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,410 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,621 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,173 | CurrentTaxYearAmt |
| Total | $7,523 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $22,342 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $238,158 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $268,127 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $352,138 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $118,067 | CurrentTaxYearAmt |
| Total | $998,832 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99250 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99390 | PublicSupportPY509Pct |
| Investment Income CY | 0.01000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.01000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | SPRING GALA | Event1Nm |
| Gross Receipts Event1 | $74,025 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $32,475 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $41,550 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $5,000 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $1,500 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $3,809 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $74,025 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $32,475 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $41,550 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $5,000 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $1,500 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $3,809 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $10,309 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $31,241 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 10 | NAME: CHARITABLE GIVING & DONATIONS CASH CONTRIBUTION: 57,421 NAME: CHARITABLE GIVING & DONATIONS:SCHOL CASH CONTRIBUTION: 26,750 |
| FORM 990-EZ, PART I, LINE 16 | EXPENSES PROMOTIONAL MARKETING 430 COMMUNITY OUTREACH & SPONSORS 3,750 OFFICE EXPENSE 1,157 DUES & SUBSCRIPTIONS 2,105 BANK AND CREDIT CARD CHARGES 511 MEMBER EVENTS 500 INSURANCE 1,802 COST OF GOODS SOLD 3,988 TOTAL 14,243 |
| FORM 990-EZ, PART II, LINE 24 | SCHOLARSHIP RESERVE - CHESAPEAKE 40,855 0 CHARITABLE GIVING RES. - CHESAPEAKE 0 15,869 TOTAL 40,855 15,869 |
| FORM 990-EZ, PART III | WE ARE A FELLOWSHIP OF ETHICAL AND MORAL ITALIAN-AMERICAN BUSINESSMEN CONSISTING OF PEOPLE THAT LIVE, WORK, OR WORSHIP IN HARFORD COUNTY. UNDER OUR FAITH IN GOD, WE HAVE COME TOGETHER AS A CHARITABLE ORGANIZATION TO SUPPORT OTHER NON-PROFITS IN MARYLAND WHO HAVE SIMILAR BELIEFS, AND TO ASSIST IN THE EDUCATION OF YOUNG ITALIAN-AMERICAN STUDENTS THROUGH THE SUPPORT OF SCHOLARSHIPS. OUR ORGANIZATION CONSISTS OF MEN OF ITALIAN DESCENT, WHO BAND TOGETHER TO PROMOTE THE ITALIAN HERITAGE, WORK TO MAINTAIN A POSITIVE COMMUNITY IMAGE, AND UPHOLD THE ITALIAN FAMILY TRADITIONS. |
| FORM 990-EZ, PART III, LINE 28 | THE SOCIETY OF ITALIAN-AMERICAN BUSINESSMEN IS COMMITTED TO BEING MEANINGFULLY INVOLVED IN THE HARFORD COUNTY COMMUNITIES WHERE OUR MEMBERS LIVE, WORK OR WORSHIP. THE SOCIETY OF ITALIAN-AMERICAN BUSINESSMEN'S CHARITABLE GIVING FOCUSES ON EDUCATION, HEALTHCARE AND HUMAN SERVICES, AS WELL AS ORGANIZATIONS THAT SUPPORT A VIBRANT COMMUNITY. THE SOCIETY OF ITALIAN-AMERICAN BUSINESSMEN DEFINES HEALTH AND HUMAN SERVICES AS CHARITIES THAT PROVIDE SOCIAL PROGRAMS, RESOURCES, AND/OR SUPPORT TO CITIZENS IN NEED IN HARFORD COUNTY. |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (11 entries)
| MARK DARDOZZI |
| ELIO SCACCIO |
| ANTHONY PALUMBO |
| MIKE DELUCA |
| ERIC REBBERT |
| JOE PAPA |
| JON BELLANTONI |
| ANTHONY DIPAULA |
| NICK BERTE |
| MICHAEL MEOLA |
| JOHN TROIANO |
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