Il Circolo INC FY2023 filing

Tax-deductible

Boynton Beach, FL501(c)(3)Since 1977EIN 59-1742639

Support and promote italian arts and culture

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$29K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
3 of 4
filings with a surplus
Average surplus $50K a year · 27% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$29K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $55K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$46K
-69% vs prior year
Spent
$113K
To programs
64%
Net assets
$119K
By yearFY2021–FY2025
Revenue
$46K
FY2023▼ -69%
Revenue by fiscal year
FY2021$32K
FY2022$150K
FY2023$46K
FY2024$271K
FY2025$292K
FY2025$242K
Expenses
$113K
FY2023▲ +17%
Expenses by fiscal year
FY2021Not on file
FY2022$97K
FY2023$113K
FY2024$190K
FY2025$159K
FY2025$283K
Net assets
$119K
FY2023▼ -36%
Net assets by fiscal year
FY2021$133K
FY2022$186K
FY2023$119K
FY2024$200K
FY2025$330K
FY2025$288K

From the FY2023 Form 990 (year ending May 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1977.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $73K Management & general 28% · $32K Fundraising 7% · $8K

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

Who runs it and what they're paid

32 people listed on the 990; $29K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$14,700Pt VII · Sec A
$14,700Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022
Robert J De Angelis$14,700—
Robert J De Angelis$14,700$13,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes and supports Italian arts and culture.

Provided by the organization

This section is blank until Il Circolo INC claims this page.

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4 program services account for $145K of program spending, described in the organization's own filed words · FY2022.
01

The organization hosts various events within the state of florida whose purpose is to preserve and promote the italian culture through education, art and music.

$52Kprogram expense
02

The organization hosts various events within the state of florida whosepurpose is to preserve and promote the italian culture through education,art and music

$52Kprogram expense
03

Italian culture is part of the mosaic of our daily lives, influencing our vision of art, beauty, fashion, design, architecture, cuisine, nature, language, poetry, philosophy, thought, opera, and music. Since the beginning, annual scholarships have been given to qualified students to study in italy.

$20Kprogram expense
04

Italian culture is part of the mosaic of our daily lives, influencing our vision of art, beauty, fashion, design, architecture, cuisine, nature,language, poetry, philosophy, thought, opera, and music. Since the beginning, annual scholarships have been given to qualified students to study in italy.

$20Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$55K
Grants paid · 7 grants · $112K · 2022–2025

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$46K
Ln 12
Fees for servicesLn 2g$58K
Gifts and grantsLn 1h$22K
Money outPt IX
$113K
Ln 25
Programscol B$73K
Managementcol C$32K
Fundraisingcol D$8K
Owns and owesPt X
$119K
net assets · Ln 32
Cash and savingsLn 1–2$134K
Total assetsLn 16$134K
LiabilitiesLn 26$15K
PeoplePt VI, VII
32
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Fees for servicesLn 2g$58K
Total revenueLn 12$46K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$134K
Total assetsLn 16$134K
LiabilitiesLn 26$15K
Net assetsLn 32$119K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $292K$159K$134K$330K 990 PDF
FY2024 $271K$190K$82K$200K 990 PDF
FY2023 Viewing $46K$113K−$67K$119K 990 PDF
FY2022 $150K$97K$53K$186K 990 PDF
FY2021 $32K$133K 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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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