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Nonprofit · EIN 77-0461873

FESTA ITALIA FOUNDATION

Tax-exempt · MONTEREY, CA 93942

Financials

$54K$25K2023$399K$302K2024
Revenue Expenses · by fiscal year end
Financials of FESTA ITALIA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$399,407$302,003$97,404$527,413$0$527,413
December 31, 2023990$54,446$25,417$29,029$432,194$2,185$430,009
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$19,320
Membership dues
$8,770
Program service revenue
$378,100
Investment income
$1,987
Other revenue
$0

Expenses

Grants and similar amounts paid
$6,000
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$898
Accounting fees
$3,085
Program services (functional)
$274,332
Management and general (functional)
$27,671

Balance sheet and other

Total assets, start of year
$432,194
Total assets, end of year
$527,413
Total liabilities, end of year
$0
Net assets, end of year
$527,413
Net assets without donor restrictions
$527,413
Gross receipts
$399,407
Employees
0
Volunteers
400
Year formed
1997
State of legal domicile
CA

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.

NameTitleHours / weekCompensation
Joseph CardinalliPresident
Officer
20$0
Frank CampoVice President
Officer
10$0
Antonia RucelloSecretary
Officer
10$0
Linda MancusoTreasurer
Officer
10$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Joseph CardinalliPresident
Officer
20$0
Frank CampoVice President
Officer
10$0
Antonia RucelloSecretary
Officer
10$0
Linda MancusoTreasurer
Officer
10$0

Address and contacts

Address (IRS master file)
PO BOX 3165, MONTEREY, CA 93942-3165
Mailing address (990-N for 2024)
PO Box3165, Monterey CA 93942
Principal officer (990 for 2024)
Joseph Cardinalli, PO Box 3165, Monterey, CA 93942
Principal officer (990-N for 2024)
Joe Cardinalli, PO Box 3165, Monterey CA 93942
Signed the 990
Joseph Cardinalli, President
Phone
(831) 625-9623
Return prepared by
Precision CPA

California records

California keeps its own records of charities and corporations. Search them by EIN 77-0461873 or by the name FESTA ITALIA FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

Festa Italia Santa Rosalia Foundation, Inc's main goal is to promote Italian heritage, tradition and culture. Annually the organization plans and implements an Italian cultural celebration held in Monterey, California.

990 for the year ended December 31, 2024

Program accomplishments

  • Provide the Monterey community with a festival honoring the local fisherman of Monterey, past and present. It is a celebrated event with Italian food, drink and entertainment. The Italian heritage, culture and the romance of Italy of which the City of Monterey was built on is shared with the community.
    Expenses $274,332

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-N on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
77-0461873
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
1998
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$527,413
Income (IRS master file)
$399,407

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2024
Officer: Joe Cardinalli
December 31, 2024≤ $50,000 receipts––e-Postcard
990December 2024$399,407$302,003$527,413XML
990December 2023$54,446$25,417$432,194XML
990December 2022$101,981$22,014$400,982IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990December 2019–––IRS
990December 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 77-0461873).

Questions about FESTA ITALIA FOUNDATION

What is the EIN of FESTA ITALIA FOUNDATION?
The employer identification number (EIN) of FESTA ITALIA FOUNDATION is 77-0461873.
Is FESTA ITALIA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to FESTA ITALIA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FESTA ITALIA FOUNDATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of FESTA ITALIA FOUNDATION 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 FESTA ITALIA FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
Who is the principal officer of FESTA ITALIA FOUNDATION?
The 990 for the year ended December 31, 2024 names Joseph Cardinalli.
Who are the officers and directors of FESTA ITALIA FOUNDATION?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does FESTA ITALIA FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $399,407, expenses of $302,003 and total assets of $527,413 at year end.

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