2025-11-03T17:46:46-06:00 2024-12-31 952835976 MACFARLANE FALETTI & CO LLP 3757 STATE STREET SUITE 3B SANTA BARBARA CA 93105 990EZ 2024-01-01 770337801 ITALIAN AMERICAN FOUNDATION OF SANTA BARBARA ITAL 8059664157 3757 STATE STREET 3B SANTA BARBARA CA 93105 ANDREW TRICERRI TREASURER 8059664157 2025-10-30 1 1 X ANDREW J TRICERRI P01729292 8059664157 2025-10-28 2024 2025-03-06 01:10:19Z X X X N/A X X 67005 X 6680 6887 53438 48757 4681 18248 14400 0 2980 134 63 17577 671 327229 8921 336821 X 11423 4475 315806 332346 327229 336821 0 0 327229 336821 SCHOLARSHIPS THE ORGANIZATION IS RAISING FUNDS TO PROMOTE ITALIAN HERITAGE AND PROVIDE SCHOLARSHIPS TO ITALIAN AMERICAN STUDENTS. 0 14400 14400 NADIA HERNANDEZ DIRECTOR 1.00 0 0 0 WALTER ORSO DIRECTOR 1.00 0 0 0 ELENA FELLAND DIRECTOR 1.00 0 0 0 PIERINA LOWDERMILK DIRECTOR 1.00 0 0 0 BRUCE BELFIORE DIRECTOR 1.00 0 0 0 ANTHONY DAL BELLO PRESIDENT 1.00 0 0 0 DEANNA MORININI SECRETARY 1.00 0 0 0 DAVID L PERI TREASURER (FORMER) 1.00 0 0 0 ANDREW TRICERRI TREASURER 1.00 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CA MACFARLANE FALETTI & CO LLP 3757 STATE STREET 3B SANTA BARBARA CA 93105 8059664157 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 3245 3600 3620 3025 6680 20170 3245 3600 3620 3025 6680 20170 20170 9066 34616 14258 17160 11569 86669 106839 0.18880 0.16710 X SCHEDULE A, PART II, SECTION C, 17A DURING THE FIVE-YEAR MEASUREMENT PERIOD ENDING IN 2024, THE FOUNDATION'S PUBLIC-SUPPORT PERCENTAGE ON SCHEDULE A, SECTION C, LINE 14 IS 19.74 PERCENT--ABOVE THE 10 PERCENT MINIMUM BUT BELOW THE 33 1/3% PUBLIC-CHARITY THRESHOLD. THE $20,170 REPORTED ON LINE 7 CONSISTS ENTIRELY OF GIFTS, GRANTS, AND CONTRIBUTIONS RECEIVED FROM THE GENERAL PUBLIC THROUGH OPEN FUNDRAISING APPEALS, COMMUNITY EVENTS, AND THE FOUNDATION'S WEBSITE. THE RELATIVE DECLINE IN THE SUPPORT RATIO IS ATTRIBUTABLE TO $81,987 OF INVESTMENT INCOME SHOWN ON LINE 8: THESE EARNINGS WERE GENERATED BY INVESTING PRIOR YEARS' PUBLIC CONTRIBUTIONS, AND IN 2021-2024 THE PORTFOLIO'S PERFORMANCE OUTPACED THE INFLUX OF NEW GIFTS. ALL CONTRIBUTION PRINCIPAL AND RELATED EARNINGS ARE IRREVOCABLY DEDICATED TO THE FOUNDATION'S EXEMPT PURPOSE OF PROMOTING ITALIAN HERITAGE AND PROVIDING SCHOLARSHIPS TO ITALIAN-AMERICAN STUDENTS; SCHOLARSHIP OPPORTUNITIES ARE ADVERTISED BY THE SANTA BARBARA SCHOLARSHIP FOUNDATION EACH YEAR, APPLICATIONS ARE REVIEWED UNDER PUBLISHED CRITERIA, AND AWARDS ARE PAID WHEN APPROVED. BECAUSE THE ORGANIZATION CONTINUES TO (1) SOLICIT THE GENERAL PUBLIC ON A CONTINUOUS BASIS, (2) DEVOTE BOTH CONTRIBUTIONS AND INVESTMENT RETURNS EXCLUSIVELY TO ITS CHARITABLE PROGRAM, AND (3) OPERATE FOR THE DIRECT BENEFIT OF THE COMMUNITY WITHOUT PRIVATE INUREMENT, IT SATISFIES THE "FACTS-AND-CIRCUMSTANCES" TEST OF TREAS. REG. 1.170A-9(F)(3) AND THEREFORE REMAINS A PUBLIC CHARITY UNDER IRC 170(B)(1)(A)(VI) NOTWITHSTANDING THE TEMPORARY DIP BELOW 33 1/3%. FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME DESCRIPTION: DIVIDENDS. AMOUNT: 6,882. DESCRIPTION: INTEREST. AMOUNT: 5. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 6,887. FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: SCHOLARSHIP FOUNDATION OF S.B.. GRANTEE ADDRESS: P.O. BOX 3620 SANTA BARBARA, CA 93130. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 14,400. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: FOREIGN TAX PAID. AMOUNT: 38. DESCRIPTION: TAXES AND LICENSES. AMOUNT: 25. TOTAL TO FORM 990-EZ, LINE 16: 63. FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS DESCRIPTION: NET UNREALIZED GAINS AND LOSSES ON INVESTMENTS. AMOUNT: 8,921. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: PUBLICLY TRADED SECURITIES. BEG. OF YEAR AMOUNT: 315,806. END OF YEAR AMOUNT: 332,346. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.