Cento Amici INC

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Raising funds for college scholarships for needy and deserving children.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3800065) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $42K a year · 21% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
92% of spending went to programs.
Pt IX · Ln 25 · col B
11.2 mo
of spending, in cash
Plus $663K in investments, Pt X · Ln 11–13
11.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $17K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$245K
-0.6% vs prior year
Spent
$223K
To programs
92%
Net assets
$870K
By yearFY2020–FY2024
Revenue
$245K
FY2024▼ -0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$130K
FY2021$188K
FY2022$199K
FY2023$247K
FY2024$245K
Expenses
$223K
FY2024▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$122K
FY2021$131K
FY2022$156K
FY2023$168K
FY2024$223K
Net assets
$870K
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$542K
FY2021$687K
FY2022$639K
FY2023$765K
FY2024$870K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $206K Management & general 8% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cento Amici INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides college scholarships for children in need.

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1 program · $206K · in their own filed words · FY2024
01

Scholarship grants to SCHOOLS/COLLEGES in the state of new jersey.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3800065) · Dispute this line
$206Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$17K
See all 3 funders →
Grants paid · 40 grants · $684K · 2020–2024
Rutgers the State UniversityNJ · FY2024$25,000
Roselle Catholic High SchoolFY2024$19,500
St Benedict's Preparatory SchoolFY2024$19,500
Saint Dominic AcademyNJ · FY2024$10,000
Oak Knoll SchoolFY2024$8,500
Union County CollegeFY2024$8,500
Rutgers the State UniversityNJ · FY2023$22,500
St Benedict's Preparatory SchoolFY2023$18,500
Roselle Catholic High SchoolFY2023$18,500
Union County CollegeFY2023$15,000
See all 40 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$245K
Ln 12
Gifts and grantsLn 1h$194K
Other incomeLn 4–11$38K
Investment incomeLn 3$13K
Money outPt IX
$223K
Ln 25
Programscol B$206K
Managementcol C$17K
Owns and owesPt X
$870K
net assets · Ln 32
Cash and savingsLn 1–2$207K
Total assetsLn 16$870K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$194K
Fundraising eventsLn 1c$109K
Investment incomeLn 3$13K
Other incomeLn 4–11$38K
Total revenueLn 12$245K
Assets in detailPt X, end of year
CashLn 1$202K
SavingsLn 2$6K
Cash and savings togetherLn 1–2$207K
InvestmentsLn 11–13$663K
Total assetsLn 16$870K
LiabilitiesLn 26$0
Net assetsLn 32$870K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$219K$207K
InvestmentsLn 11–13$546K$663K
Total assetsLn 16$765K$870K
LiabilitiesLn 26$0$0
Net assetsLn 32$765K$870K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$202K$202K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$2K$2K
Information technologyLn 14$1K$1K
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$223K$206K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Apr 27, 2025 $245K$223K$23K$870K 990 PDF
FY2023Filed with the IRS Mar 5, 2024 $247K$168K$78K$765K 990 PDF
FY2022Filed with the IRS Mar 28, 2023 $199K$156K$43K$639K 990 PDF
FY2021Filed with the IRS Apr 16, 2022 $188K$131K$57K$687K 990 PDF
FY2020Filed with the IRS Jun 4, 2021 $130K$122K$8K$542K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $245,221 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $162,575$193,924
I-9 Program service revenue$0
I-10 Investment incomePrior year $31,609$13,363
I-11 Other revenuePrior year $52,561$37,934
I-12 Total revenuePrior year $246,745$245,221
I-13 Grants and similar amounts paidPrior year $155,500$202,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $12,780$20,185
I-18 Total expensesPrior year $168,280$222,685
I-19 Revenue less expensesPrior year $78,465$22,536
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $245,221 across 7 lines filed
VIII-1b Membership dues$4,450
VIII-1c Fundraising events$108,720
VIII-1f All other contributions, gifts and grants$80,754
VIII-1h Total contributions, gifts and grants$193,924
VIII-3 Investment incomeExcluded from tax $13,363$13,363
VIII-8 Net income from fundraising eventsExcluded from tax $37,934$37,934
VIII-12 Total revenueExcluded from tax $51,297$245,221
Part IX · Statement of functional expenses $222,685 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $202,500$202,500
IX-11c Accounting feesManagement $1,750$1,750
IX-11g Other fees for servicesManagement $5,500$5,500
IX-12 Advertising and promotionPrograms $3,000$3,000
IX-13 Office expensesManagement $1,835$1,835
IX-14 Information technologyManagement $1,032$1,032
IX-24 Other expenses (24a–d)Management $7,068$7,068
IX-25 Total functional expensesPrograms $205,500 · Management $17,185 · Fundraising $0$222,685
Part X · Balance sheet $870,274 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $217,578$201,751
X-2 Savings and temporary cash investmentsStart of year $1,509$5,685
X-11 Publicly traded securitiesStart of year $545,643$662,838
X-16 Total assetsStart of year $764,730$870,274
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $764,730$870,274
X-32 Total net assets or fund balancesStart of year $764,730$870,274
X-33 Total liabilities and net assetsStart of year $764,730$870,274
Part XI · Reconciliation of net assets $870,274 net assets at year end
XI-1 Total revenue$245,221
XI-2 Total expenses$222,685
XI-3 Revenue less expenses$22,536
XI-4 Net assets at start of year$764,730
XI-5 Net unrealized gains (losses) on investments$83,008
XI-10 Net assets at end of year$870,274

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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