Nonprofit · EIN 24-1468921
ITAL FOUNDATION
Tax-exempt · ATHERTON, CA 94027
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $22,226 | $35,372 | -$13,146 | $117,520 | $0 | $117,520 |
| December 31, 2024 | 990-EZ | $127,773 | $15,541 | $112,232 | $130,666 | $0 | $130,666 |
| December 31, 2023 | 990-EZ | $9,925 | $11,032 | -$1,107 | $18,434 | $0 | $18,434 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,000
- Membership dues
- $9,450
- Program service revenue
- $7,774
- Investment income
- $2
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $450
- Occupancy
- $16,630
- Other expenses
- $17,292
- Program services (functional)
- $9,571
Balance sheet and other
- Total assets, start of year
- $130,666
- Total assets, end of year
- $117,520
- Total liabilities, end of year
- $0
- Net assets, end of year
- $117,520
- Cash, savings and investments
- $28,102
- Gross receipts
- $22,226
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GIACOMO MARINI | PRESIDENT | 4 | $0 |
| LUIGI BAJETTI | VICE PRESIDENT | 2 | $0 |
| FRANCO CIRELLI | TREASURER | 2 | $0 |
| PIERLUIGI ZAPPACOSTA | BOARD MEMBER | 1 | $0 |
| MARCO MARINI | VICE PRESIDENT | 1 | $0 |
| EZIO VALDEVIT | BOARD MEMBER | 1 | $0 |
| SILVIA VERONESE | EXECUTIVE DIRECTOR | 4 | $0 |
| SOPHIA VERONESE-MILIN | SECRETARY | 1 | $0 |
990-EZ for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GIACOMO MARINI | PRESIDENT | 4 | $0 |
| MASSIMO ARRIGONI | SECRETARY | 1 | $0 |
| LUIGI BAJETTI | BOARD MEMBER | 2 | $0 |
| FRANCO CIRELLI | BOARD MEMBER | 1 | $0 |
| PIERLUIGI ZAPPACOSTA | BOARD MEMBER | 1 | $0 |
| MARCO MARINI | TREASURER | 1 | $0 |
| MARCO MARINUCCI | VICE PRESIDENT | 1 | $0 |
| EZIO VALDEVIT | BOARD MEMBER | 1 | $0 |
| SILVIA VERONESE | VICE PRESIDENT | 3 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GIACOMO MARINI | PRESIDENT | 4 | $0 |
| MASSIMO ARRIGONI | SECRETARY | 1 | $0 |
| LUIGI BAJETTI | BOARD MEMBER | 2 | $0 |
| FRANCO CIRELLI | BOARD MEMBER | 1 | $0 |
| PIERLUIGI ZAPPACOSTA | BOARD MEMBER | 1 | $0 |
| MARCO MARINI | TREASURER | 1 | $0 |
| MARCO MARINUCCI | VICE PRESIDENT | 1 | $0 |
| EZIO VALDEVIT | BOARD MEMBER | 1 | $0 |
| SILVIA VERONESE | VICE PRESIDENT | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 66 MARYMONT AVE, ATHERTON, CA 94027-5407
- Signed the 990-EZ
- FRANCO CIRELLI, CFO
- Phone
- (650) 325-6699
- Website
- SVIEC.ORG
- Return prepared by
- LTA US ADVISORS INC
California records
California keeps its own records of charities and corporations. Search them by EIN 24-1468921 or by the name ITAL FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
ITAL FOUNDATION PROMOTES EDUCATIONAL ACTIVITIES THAT FOSTER ENTREPRENEURSHIP AND PROFESSIONAL DEVELOPMENT IN THE ITALIAN AND ITALIAN-AMERICAN COMMUNITY. IT DEVELOPS PROGRAMS AND ORGANIZES EVENTS THAT FOCUS ON KNOWLEDGE SHARING, MENTORING AND NETWORKING, LEADING TO ECONOMIC DEVELOPMENT AND BETTER OPPORTUNITIES FOR THE TARGET COMMUNITY.
Program accomplishments
- CONFERENCES AND PANELS ON SUBJECTS OF BROAD INTEREST FOR THE ITALIAN AND ITALIAN-AMERICAN COMMUNITY AROUND INNOVATION, ECONOMIC DEVELOPMENT AND SOCIAL GOOD. EVENTS INCLUDING SUCCESSFUL FOUNDERS, SENIOR EXECUTIVES, STARTUP & SCALEUP ENTREPRENEURS, PROFESSIONALS, PUBLIC SECTOR REPRESENTATIVES, INVESTORS, AND THOUGHT LEADERS.Expenses $9,571 · grants $1,000
- STUDENT PROGRAMS FACILITATING LEARNING AND INTERACTIONS BETWEEN STUDENTS AND BUSINESS LEADERS.
- MENTOR PROGRAMS PROMOTING INDIVIDUALIZED EDUCATION BY MATCHING EXPERIENCED MENTORS WITH MATURE AND STARTING ENTREPRENEURS, DEVELOPING PROFESSIONALS AND YOUNGER PROFESSIONALS. IT BUILDS AND EXPANDS AN ECOSYSTEM OF CONTACTS THAT HELPS GUIDE TOWARDS THE RIGHT PATH TO GREATER ACHIEVEMENTS.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 24-1468921
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B03)
- Assets (IRS master file)
- $117,520
- Income (IRS master file)
- $22,226
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $22,226 | $35,372 | $117,520 | XML |
| 990-EZ | December 2024 | $127,773 | $15,541 | $130,666 | IRS |
| 990-EZ | December 2023 | $9,925 | $11,032 | $18,434 | XML |
| 990 | December 2022 | $5,010 | $10,906 | $20,235 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 24-1468921).
Questions about ITAL FOUNDATION
- What is the EIN of ITAL FOUNDATION?
- The employer identification number (EIN) of ITAL FOUNDATION is 24-1468921.
- Is ITAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to ITAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ITAL FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ITAL FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ITAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of ITAL FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does ITAL FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $22,226, expenses of $35,372 and total assets of $117,520 at year end.
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