Italian American Club Inc in Rutland, Vermont (VT)
Table of contents:
| Italian American Club Inc | |
| Employer Identification Number (EIN) | 030352430 |
| Name of Organization | Italian American Club Inc |
| In Care of Name | Thomas Depalma |
| Address | 73 Grove St, Rutland, VT 05701-3402 |
| Activities | Variety club |
| Subsection | Pleasure, Recreational, or Social Club |
| Ruling Date | 03/1997 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $210,988 |
| Amount of Income | $110,574 |
| Form 990 Revenue Amount | $71,066 |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $65,028 | $58,542 | $71,066 |
| Contributions, gifts, grants, and similar amounts received | $3,941 | $1,428 | $1,308 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $18,470 | $12,910 | $13,425 |
| Investment income | $135 | $40 | $40 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $11,378 | $10,527 | $18,843 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $24,945 | $22,988 | $26,112 |
| Less: direct expenses from gaming and fundraising events | $13,567 | $12,461 | $7,269 |
| Gross profit/loss from sales of inventory | $24,741 | $26,434 | $31,100 |
| Gross sales of inventory, less returns and allowances | $53,181 | $56,242 | $63,339 |
| Less: cost of goods sold | $28,440 | $29,808 | $32,239 |
| Other revenue | $6,363 | $7,203 | $6,350 |
| Total expenses | $51,449 | $49,082 | $49,828 |
| Total net assets | $179,370 | $188,830 | $210,068 |
| Excess/Deficit for the year | $13,579 | $9,460 | $21,238 |
| Net assets or fund balances at beginning of year | $188,066 | $179,370 | $188,830 |
| Other changes in net assets or fund balances | $-22,275 | $0 | $0 |
| Net assets or fund balances at end of year | $188,830 | $210,068 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $179,830 | $189,490 | $210,988 |
| Total liabilities | $460 | $660 | $920 |
| Net assets or fund balances | $179,370 | $188,830 | $210,068 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Other organizations in Vermont | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | International Society Of Ethnobiology | PO BOX 303, Bristol, VT 05443-0303 | VT | 2000-01 | $306,382 |
| 2 | Intervale Center Inc | 180 Intervale Rd, Burlington, VT 05401-2804 | VT | 1992-12 | $1,566,646 |
| 3 | Iris Cornelia Love Charitable Tr, Love Iris Cornelia Ttee | 352 Post Road Hl, Lincoln, VT 05443-9176 | VT | 1997-08 | $1 |
| 4 | Isaiah 61 Foundation | PO BOX 5505, Burlington, VT 05402-5505 | VT | 2000-12 | $3,207,646 |
| 5 | Isakine-Salus Foundation Inc | PO BOX 116, Underhill Ctr, VT 05490-0116 | VT | 2007-09 | $20 |
| 6 | Islamic Society Of Vermont Inc | 182 Hegeman Ave, Colchester, VT 05446-3156 | VT | 1999-03 | $0 |
| 7 | Island Pond Historical Society Inc | Po Box 408, Island Pond, VT 05846 | VT | 1968-09 | $6,433 |
| 8 | Isle Lamotte Reef Preservation Tr Inc, Robert B Mcever Treaurer | PO BOX 274, Isle La Motte, VT 05463-0274 | VT | 1999-03 | $44,914 |
| 9 | Israel Center Of Vermont Inc | 200 Church St 2nd Floor, Burlington, VT 05401-4621 | VT | 2006-09 | $6,540 |
| 10 | Italian Aid Society Inc | PO BOX 6491, Rutland, VT 05702-6491 | VT | 1994-06 | $125,341 |
| 11 | Italian American Club Inc | 73 Grove St, Rutland, VT 05701-3402 | VT | 1997-03 | $110,574 |
| 12 | J Warren & Lois Mcclure Foundation Inc | 3 Court St, Middlebury, VT 05753-1405 | VT | 1995-02 | $2,658,271 |
| 13 | Jabbok Encounter Ministries Inc | 8 Daniel Dr, Barre, VT 05641-5235 | VT | 1987-10 | $9,664 |
| 14 | Jackies House | 72 Moose River Drive, St Johnsbury, VT 05819 | VT | 2006-11 | $0 |
| 15 | Jackson Hole Preserve Inc | PO BOX 489, Woodstock, VT 05091-0489 | VT | 1942-04 | $273,984 |
| 16 | Jamaica Volunteer Fire & Rescue Inc | PO BOX 285, Jamaica, VT 05343-0285 | VT | 1968-04 | $102,928 |
| 17 | Jamie And Thatcher Fields Family Foundation Inc | PO BOX 448, Hartland, VT 05048-0448 | VT | 2005-10 | $1 |
| 18 | Jan & David Blittersdorf Foundation Inc | 1042 Dorset St, Charlotte, VT 05445-9270 | VT | 2008-06 | $6,111 |
| 19 | Jared Tamler Memorial Fund | 33 Parkman Wood Rd, Putney, VT 05346-8993 | VT | 1995-05 | $18,008 |
| 20 | Jarred Williams Foundation | 2673 E Main St, Richmond, VT 05477-9655 | VT | 2004-08 | $65,215 |
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