Nonprofit · EIN 59-2339764
ITALIAN AMERICAN CLUB OF SEBASTIAN
Tax-exempt · SEBASTIAN, FL 32958
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $436,413 | $437,880 | -$1,467 | $539,909 | $52,928 | $486,981 |
| December 31, 2023 | 990 | $384,328 | $373,028 | $11,300 | $541,497 | $53,049 | $488,448 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $41,434
- Membership dues
- $41,434
- Program service revenue
- $84,208
- Investment income
- $5
- Net income from gaming
- $89,387
- Net income from sales of inventory
- $188,693
- Other revenue
- $310,766
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $73,771
- Salaries, compensation and benefits (total)
- $94,135
- Professional fundraising fees
- $0
- Accounting fees
- $8,750
- Occupancy
- $40,026
- Depreciation
- $15,379
Balance sheet and other
- Total assets, start of year
- $541,497
- Total assets, end of year
- $539,909
- Total liabilities, end of year
- $52,928
- Net assets, end of year
- $486,981
- Land, buildings and equipment
- $412,069
- Net assets without donor restrictions
- $486,981
- Gross unrelated business income
- $26,805
- Gross receipts
- $730,747
- Employees
- 12
- Volunteers
- 50
- Year formed
- 1982
- State of legal domicile
- FL
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 |
|---|---|---|---|
| JAMES GAY | PRESIDENT Officer | 10 | $0 |
| LAWRENCE VAN NOTE | VICE PRESIDE Officer | – | $0 |
| PENNY MABRY | TREASURER Officer | 20 | $0 |
| BOB WYLUPECK | RECORDING SE Officer | 5 | $0 |
| COLLEEN CAMEY | CORRESPONDIN Officer | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS M JOYNER | PRESIDENT Officer | 10 | $0 |
| JAMES GAY | VICE PRESIDE Officer | 5 | $0 |
| PENNY MABRY | TREASURER Officer | 20 | $0 |
| BOB WYLUPECK | RECORDING SE Officer | 5 | $0 |
| COLLEEN CAMEY | CORRESPONDIN Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 861 SEBASTIAN BLVD, SEBASTIAN, FL 32958-4389
- Principal officer (990 for 2024)
- JAMES GAY, 861 SEBASTIAN BLVD, SEBASTIAN, FL 32958
- Signed the 990
- JAMES GAY, PRESIDENT
- Phone
- (772) 589-3341
- Website
- SEBASTIANITALIANAMERICAN.ORG
- Return prepared by
- NUTTALL HOWES & ASSOCIATES CPAS
Mission
ITALIAN CULTURE SOCIAL CLUB
Program accomplishments
- SOCIAL - THE ORGANIZATION PROVIDES ITS MEMBERS WITH A FULL CALENDAR OF SOCIAL EVENTS INCLUDING DINNER, DANCING, PASTA NIGHT, FISH FRY, BOCCE AND SHUFFLEBOARD.Expenses $333,829
- SCHOLARSHIPS - THE ITALIAN AMERICAN CLUB OF SEBASTIAN SPONSORS 2 SCHOLARSHIP FUNDS, THE MADELINE SMITH AND THE AGGIE CARRANO SCHOLARSHIPS. THE MADELINE SMITH SCHOLARSHIP IS PROVIDED TO DESERVING STUDENTS OF THE SEBASTIAN RIVER HIGH SCHOOL FOR THEIR 1ST YEAR OF COLLEGE. THE AGGIE CARRANO SCHOLARSHIP IS FOR THE 2ND YEAR OF COLLEGE. THE SCHOLARSHIPS ARE PRESENTED BY CLUB OFFICERS.
- NEWSLETTER - THE ORGANIZATION EMAILS A MONTHLY NEWSLETTER TO EACH MEMBER.
- DONATIONS TO LOCAL CHARITIESExpenses $104,051
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
- 59-2339764
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $539,909
- Income (IRS master file)
- $730,747
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $436,413 | $437,880 | $539,909 | XML |
| 990 | December 2023 | $384,328 | $373,028 | $541,497 | XML |
| 990 | December 2022 | $364,576 | $372,121 | $555,229 | 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 59-2339764).
Questions about ITALIAN AMERICAN CLUB OF SEBASTIAN
- What is the EIN of ITALIAN AMERICAN CLUB OF SEBASTIAN?
- The employer identification number (EIN) of ITALIAN AMERICAN CLUB OF SEBASTIAN is 59-2339764.
- Is ITALIAN AMERICAN CLUB OF SEBASTIAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1995.
- Are donations to ITALIAN AMERICAN CLUB OF SEBASTIAN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ITALIAN AMERICAN CLUB OF SEBASTIAN 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 AMERICAN CLUB OF SEBASTIAN 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 AMERICAN CLUB OF SEBASTIAN 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 AMERICAN CLUB OF SEBASTIAN?
- The 990 for the year ended December 31, 2024 names JAMES GAY.
- Who are the officers and directors of ITALIAN AMERICAN CLUB OF SEBASTIAN?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does ITALIAN AMERICAN CLUB OF SEBASTIAN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $436,413, expenses of $437,880 and total assets of $539,909 at year end.
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