2024-11-15T12:13:44-06:00 2023-12-31 043257840 CRR LLP 545 Salem Street Wakefield MA 01880 990 2023-01-01 046190445 OSIA Charitable & Educational Trust OSIA 6174895234 85 River Street Suite 2 Waltham MA 02453 Marc DeLuca Chairman 6174895234 2024-11-14 1 0 John F Rizzo CPA P00392113 7812797788 2024-11-14 2023 2024-10-15 13:58:12Z Marc DeLuca 85 River Street Suite 2 Waltham MA 02453 72447 0 X www.osiama.org X 1973 MA The organization's principal activites are to provide assistance to members in need, support to various charitable organizations and academic scholarships enabling individuals to attend institutions for higher learning. 9 9 0 15 0 0 18531 35408 0 0 -11523 26301 0 0 7008 61709 40195 56845 0 0 0 0 0 0 54 35319 49755 75514 106600 -68506 -44891 609978 585385 2695 5670 607283 579715 The Organization's principal activities are to provide assistance to members in need, support to various charitable organizations, and academic scholarships enabling individuals to attend insitutions for higher learning. 0 0 2225 2225 The Organizaiton provides support to various health and welfare community groups and religious organizations. 54620 54620 The Organization provides scholarships to individuals for tuition for secondary education annually and net assets are relased from restriction. 56845 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 MA X X Marc DeLuca 6174895234 85 River Street Suite 2 Waltham MA 02453 X Marc DeLuca Chair 0.00 X X 0 0 0 John DePinto Commissioner 0.00 X 0 0 0 Marisa Ranalli State 1st Vice President 0.00 X X 0 0 0 Doreen Federico Commissioner 0.00 X 0 0 0 John Romano Commissioner 0.00 X 0 0 0 John Saladino Commissioner 0.00 X 0 0 0 Elizabeth Sandquist Commissioner 0.00 X 0 0 0 Rodolfo Viscomi State President 0.00 X X 0 0 0 Richard Farina Commissioner 0.00 X 0 0 0 0 0 0 0 0 0 0 0 35408 35408 27634 27634 9405 10738 -1333 -1333 -1333 61709 26301 0 0 56845 56845 6220 6220 3834 3834 28825 28825 Administrative 10822 10822 Licenses and permits 35 35 Postage and delivery 19 19 106600 56845 49701 54 7841 18498 135374 85645 15445 15445 0 0 466763 481242 609978 585385 2695 5670 2695 5670 X 499118 533019 108165 46696 607283 579715 609978 585385 -44891 17323 0 X X 0 1 X 1 0 X 57957 21375 73587 17756 19260 189935 57957 21375 73587 17756 19260 189935 189935 26605 25579 37127 22477 27614 139402 329337 0.57670 0.64280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108165 108165 91740 17121 696 108165 45207 72227 25694 91740 53843 19600 28236 45207 64833 57772 68762 53843 0 0 15445 15445 0 0 X 79032 17323 17323 61709 0 61709 106600 0 106600 0 106600 Part V, Line 4: Net assets with donor restrictions are to be used to provide assistance to members in need, support various charitable organizations and provide academic scholarships to qualified individuals attending post secondary education. Part X, Line 2: The Financial Accounting Standards Board (FASB) issued ASC 740, "Income Taxes" (ASC 740). ASC 740 clarifies the accounting for income taxes by prescribing a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined in ASC 740 as a tax position that is more likely than not to be sustained upon examination by the applicable tax authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. As of December 31, 2023, the Trust had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under ASC 740. The Trust's practice was and continues to be to recognize interest and penalty expenses related to uncertain tax positions in income tax expense, which were zero for the year ended December 31, 2023. Generally, the Trust's three preceding tax years are subject to examination by federal and state tax authorities. There are no income tax examinations currently in process. OSIA Trust of 1985 Common Management 4400 Rent 0 Grand Lodge of Massachusetts Order Sons of Italy General Fund Common Management 24425 Administrative reimbursement 0 Form 990, Part VI, Section B, line 11b The governing board reviews Form 990 for any errors or omissions and reports any errors, omissions or concerns at the appropriate meetings with the governing board of the Trust. The Secretary will, in writing, report any inputs from the Trustees back to the Executive Director who will in turn forward these inputs to the independent auditors. Form 990, Part VI, Section B, line 12c Board members are required to sign an acknowledgement form once elected to confirm that no conflicts of interest exist. Board members shall refrain from obtaining any list of clients for personal or private solicitation purposes at any time during their affiliation. Form 990, Part VI, Section B, line 15 The State Council of the Grand Lodge of Massachusetts sets and annually reviews the salary for the Executive Director and the salary or hourly wages for all employees. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, policy statements, and financial statements available to the public upon request through the Grand Lodge of Massachusetts website. Form 990, Part XII, Line 2c: No changes have been made prior year. Sons of Italy in America 93 Concord Avenue Belmont MA 02478 041840950 Fraternal Lodge MA 501(c)(8) & (c)(10) N/A 0 Benefit Insurance Commission 93 Concord Avenue Belmont MA 02478 042900144 Fraternal Benefit MA 501(c)(8) & (c)(10) N/A 0 OSIA Trust of 1985 93 Concord Avanue Belmont MA 02478 046655409 Rental MA N/A T 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 OSIA Trust of 1985 K 4400 Fair market value Grand Lodge of Massachusetts Order Sons of Italy General Fund P 24425 Fair market value