Nonprofit · EIN 13-3416740
ITALIAN ACADEMY FOUNDATION INC
Tax-exempt · MOUNT VERNON, NY 10552
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $681,160 | $738,375 | -$57,215 | $41,717 | $108,987 | -$67,270 |
| December 31, 2023 | 990 | $639,505 | $620,142 | $19,363 | $120,494 | $130,549 | -$10,055 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,270
- Program service revenue
- $678,890
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,250
- Program services (functional)
- $733,875
- Management and general (functional)
- $4,500
Balance sheet and other
- Total assets, start of year
- $120,494
- Total assets, end of year
- $41,717
- Total liabilities, end of year
- $108,987
- Net assets, end of year
- -$67,270
- Gross receipts
- $681,160
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1947
- State of legal domicile
- NY
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEFANO ACUNTO | CHARIRMAN Trustee or director | 0 | $0 |
| CLAUDIA PALMIRA ACUNTO | VICE CHAIR Trustee or director | 0 | $0 |
| STEPHEN ACUNTO JR | VICE CHAIR Trustee or director | 0 | $0 |
| CAROLE ACUNTO | PRESIDENT Officer | 0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEFANO ACUNTO | CHARIRMAN Trustee or director | 0 | $0 |
| CLAUDIA PALMIRA ACUNTO | VICE CHAIR Trustee or director | 0 | $0 |
| STEPHEN ACUNTO JR | VICE CHAIR Trustee or director | 0 | $0 |
| CAROLE ACUNTO | PRESIDENT Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 9001, MOUNT VERNON, NY 10552-9001
- In care of
- % CINN WORLDWIDE
- Mailing address (990-N for 2022)
- PO BOX 9001, MOUNT VERNON NY 10552
- Principal officer (990 for 2024)
- CAROLE ACUNTO, 1030 LAKE AVE, GREENWICH, CT 06831
- Principal officer (990-N for 2022)
- CAROLE ACUNTO, 1030 LAKE AVE, GREENWICH CT 06831
- Signed the 990
- CAROLE ACUNTO, PRESIDENT
- Phone
- (914) 617-7620
- Return prepared by
- HART VIDA & PARTNERS
Mission
THE ITALIAN ACADEMY FOUNDATION, INC. HAS ADOPTED "CULTURAL DIPLOMACY" TO DESCRIBE ITS MISSION, REFERRING TO THE STAGING OF CULTRURAL EVENTS, ART, MUSICAL AND OTHER PROGRAMS, TOGETHER WITH THE PUBLICATION OF MATERIALS, NOTABLY THE ITALIAN JOURNAL, THAT WILL PRESENT ITALIAN REALITIES-PAST AND PRESENT-TO U.S. AUDIENCES. OUR CONCERTS AND SYMPOSIA, EXHIBITIONS AND PERFORMANCES ARE DESIGNED TO PROVIDE UPLIFTING EXPERIENCES IN WHICH ITALIANITA IS THE ESSENTIAL SUBJECT. ITALIAN ACADEMY FOUNDATION ARTISTS ARE ARTICULATE AMBASSADORS' THEIR ART, A BILLIANT DISCOURSE THAT PROMOTES MUTUALITY AND UNDERSTANDING.
Program accomplishments
- CULTURAL EVENTExpenses $733,875 · revenue $678,890
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3416740
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23Z)
- Assets (IRS master file)
- $41,717
- Income (IRS master file)
- $681,160
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $681,160 | $738,375 | $41,717 | XML |
| 990 | December 2023 | $639,505 | $620,142 | $120,494 | XML |
| 990-N for 2022 Officer: CAROLE ACUNTO | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: carol acunto | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Carole Acunto | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 13-3416740).
Questions about ITALIAN ACADEMY FOUNDATION INC
- What is the EIN of ITALIAN ACADEMY FOUNDATION INC?
- The employer identification number (EIN) of ITALIAN ACADEMY FOUNDATION INC is 13-3416740.
- Is ITALIAN ACADEMY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to ITALIAN ACADEMY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ITALIAN ACADEMY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ITALIAN ACADEMY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ITALIAN ACADEMY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ITALIAN ACADEMY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names CAROLE ACUNTO.
- Who are the officers and directors of ITALIAN ACADEMY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does ITALIAN ACADEMY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $681,160, expenses of $738,375 and total assets of $41,717 at year end.
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