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2662 Myrtle Beach

Tax-deductible

Myrtle Beach, SC501(c)(8)Since 1992EIN 57-0961324

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The mission of Sons of Italy is to promote and to preserve the Italian and Italian American culture and encourage educational excellence.

501(c)(8) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(8)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $13K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$301K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 13 voting members
Concern: none of 13 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$354K
-2% vs prior year
Spent
$343K
To programs
97%
Net assets
$495K
By yearFY2021–FY2025
Revenue
$354K
FY2025▼ -2%
Revenue by fiscal year
FY2021$345K
FY2022$372K
FY2023$354K
FY2024$361K
FY2025$354K
Expenses
$343K
FY2025▼ -14%
Expenses by fiscal year
FY2021$309K
FY2022$330K
FY2023$338K
FY2024$400K
FY2025$343K
Net assets
$495K
FY2025▲ +2%
Net assets by fiscal year
FY2021$465K
FY2022$507K
FY2023$523K
FY2024$484K
FY2025$495K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1941.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $333K Management & general 3% · $10K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
Deb Rizzo
Mistress of Ceremonies
$0Pt VII · Sec A
$0Pt VII · Sec A
Phil Rizzo
Master of Ceremonies
$0Pt VII · Sec A
Cindylou Nelson
Recording Secretary
$0Pt VII · Sec A
Teresa Darcy
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Gina Tierney
President
$0Pt VII · Sec A
Lou Brooks
Trusteee
$0Pt VII · Sec A
See 2662 Myrtle Beach executive salaries →

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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

Promote and preserve Italian culture and encourage educational excellence.

Provided by the organization

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1 program service account for $333K of program spending, described in the organization's own filed words · FY2025.
01

Revenues were used to pay program service expenses and to promote social and recreational activities for members and their families.

$333Kprogram expense

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$354K
Ln 12
Fees for servicesLn 2g$291K
Other incomeLn 4–11$35K
Gifts and grantsLn 1h$24K
Money outPt IX
$343K
Ln 25
Programscol B$333K
Managementcol C$10K
Owns and owesPt X
$495K
net assets · Ln 32
Cash and savingsLn 1–2$173K
Total assetsLn 16$796K
LiabilitiesLn 26$301K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24K
Fees for servicesLn 2g$291K
Investment incomeLn 3$4K
Other incomeLn 4–11$35K
Total revenueLn 12$354K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$153K
Cash and savings togetherLn 1–2$173K
Land, buildings, equipmentLn 10c$618K
Total assetsLn 16$796K
LiabilitiesLn 26$301K
Net assetsLn 32$495K
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$166K$173K
Land, buildings, equipmentLn 10c$634K$618K
Total assetsLn 16$805K$796K
LiabilitiesLn 26$321K$301K
Net assetsLn 32$484K$495K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$3K
OccupancyLn 16$48K$48K$347
InterestLn 20$10K$10K
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$248K$248K
All other expensesLn 24e$50$50
Total functional expensesLn 25$343K$333K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $354K$343K$11K$495K 990 PDF
FY2024 $361K$400K−$39K$484K 990 PDF
FY2023 $354K$338K$16K$523K 990 PDF
FY2022 $372K$330K$42K$507K 990 PDF
FY2021 $345K$309K$37K$465K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $354,092 across 8 lines filed
VIII-1b Membership dues$23,915
VIII-1h Total contributions, gifts and grants$23,915
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $291,452$291,452
VIII-3 Investment incomeRelated to mission $3,582$3,582
VIII-6 Net rental income or lossRelated to mission $3,600$3,600
VIII-8 Net income from fundraising eventsExcluded from tax $10,697$10,697
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,846$20,846
VIII-12 Total revenueRelated to mission $319,480 · Unrelated business $0 · Excluded from tax $10,697$354,092
Part IX · Statement of functional expenses $342,909 across 10 lines filed
IX-11b Legal feesPrograms $2,500$2,500
IX-11c Accounting feesPrograms $1,110$1,110
IX-12 Advertising and promotionPrograms $1,855$1,855
IX-13 Office expensesPrograms $3,022$3,022
IX-16 OccupancyPrograms $47,714 · Management $347$48,061
IX-20 InterestManagement $9,504$9,504
IX-22 Depreciation, depletion and amortizationPrograms $16,618$16,618
IX-23 InsurancePrograms $11,783$11,783
IX-24 Other expenses (24a–d)Programs $248,406$248,406
IX-24e All other expensesManagement $50$50
IX-25 Total functional expensesPrograms $333,008 · Management $9,901 · Fundraising $0$342,909
Part X · Balance sheet $796,172 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $43,497$20,469
X-2 Savings and temporary cash investmentsStart of year $122,309$152,891
X-8 Inventories for sale or useStart of year $4,942$4,942
X-10c Land, buildings and equipment, netStart of year $634,488$617,870
X-16 Total assetsStart of year $805,236$796,172
X-17 Accounts payable and accrued expensesStart of year $18,545$18,442
X-26 Total liabilitiesStart of year $321,188$300,941
X-27 Net assets without donor restrictionsStart of year $484,048$495,231
X-32 Total net assets or fund balancesStart of year $484,048$495,231
X-33 Total liabilities and net assetsStart of year $805,236$796,172
Part XI · Reconciliation of net assets $495,231 net assets at year end
XI-1 Total revenue$354,092
XI-2 Total expenses$342,909
XI-3 Revenue less expenses$11,183
XI-4 Net assets at start of year$484,048
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$495,231

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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