Il Circolo INC FY2025 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.
35¢ 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)(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
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 28.9 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
$53K
14% of total assets
Looks good: liabilities are 14% 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
$292K
+8% vs prior year
Spent
$159K
To programs
35%
Net assets
$330K
By yearFY2021–FY2025
Revenue
$292K
FY2025▲ +8%
Revenue by fiscal year
FY2021$32K
FY2022$150K
FY2023$46K
FY2024$271K
FY2025$292K
FY2025$242K
Expenses
$159K
FY2025▼ -16%
Expenses by fiscal year
FY2021Not on file
FY2022$97K
FY2023$113K
FY2024$190K
FY2025$159K
FY2025$283K
Net assets
$330K
FY2025▲ +65%
Net assets by fiscal year
FY2021$133K
FY2022$186K
FY2023$119K
FY2024$200K
FY2025$330K
FY2025$288K

From the FY2025 Form 990 (year ending May 2025) · see the original

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You’re viewing the FY2025 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

35 cents of each dollar spent went to programs.

Program services 35% · $55K Management & general 65% · $104K

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

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Vice President
$0Pt VII · Sec A
President
$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 15aYes

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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2 program services account for $55K of program spending, described in the organization's own filed words · FY2024.
01

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.

$46Kprogram expense
02

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

$9Kprogram 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 FY2025 990, line by line.

1The main four
Money inPt VIII
$292K
Ln 12
Gifts and grantsLn 1h$282K
Fees for servicesLn 2g$10K
Other incomeLn 4–11$25
Money outPt IX
$159K
Ln 25
Programscol B$55K
Managementcol C$104K
Owns and owesPt X
$330K
net assets · Ln 32
Cash and savingsLn 1–2$382K
Total assetsLn 16$383K
LiabilitiesLn 26$53K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$282K
Fundraising eventsLn 1c$249K
Fees for servicesLn 2g$10K
Other incomeLn 4–11$25
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$382K
Cash and savings togetherLn 1–2$382K
Total assetsLn 16$383K
LiabilitiesLn 26$53K
Net assetsLn 32$330K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$207K$382K
Total assetsLn 16$207K$383K
LiabilitiesLn 26$11K$53K
Net assetsLn 32$196K$330K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$46K$46K
Management feesLn 11a$48K$48K
Legal feesLn 11b$437$437
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$370$370
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$20K$20K
InsuranceLn 23$533$533
Other expenses (24a–d)Ln 24$32K$9K$23K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$159K$55K$104K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Viewing $292K$159K$134K$330K 990 PDF
FY2024 $271K$190K$82K$200K 990 PDF
FY2023 $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
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $292,460 across 8 lines filed
VIII-1b Membership dues$14,195
VIII-1c Fundraising events$249,267
VIII-1f All other contributions, gifts and grants$18,748
VIII-1h Total contributions, gifts and grants$282,210
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,225$10,225
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $25$25
VIII-12 Total revenueRelated to mission $10,225 · Unrelated business $25 · Excluded from tax $0$292,460
Part IX · Statement of functional expenses $158,875 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $45,853$45,853
IX-11a Management feesManagement $47,792$47,792
IX-11b Legal feesManagement $437$437
IX-11c Accounting feesManagement $1,100$1,100
IX-11g Other fees for servicesManagement $370$370
IX-12 Advertising and promotionManagement $9,874$9,874
IX-13 Office expensesManagement $19,804$19,804
IX-23 InsuranceManagement $533$533
IX-24 Other expenses (24a–d)Programs $9,346 · Management $22,695$32,041
IX-24e All other expensesManagement $1,071$1,071
IX-25 Total functional expensesPrograms $55,199 · Management $103,676 · Fundraising $0$158,875
Part X · Balance sheet $382,569 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $207,197$382,440
X-9 Prepaid expenses and deferred chargesStart of year $40$129
X-16 Total assetsStart of year $207,237$382,569
X-17 Accounts payable and accrued expensesStart of year $11,099$15,846
X-19 Deferred revenue$37,000
X-26 Total liabilitiesStart of year $11,099$52,846
X-32 Total net assets or fund balancesStart of year $196,138$329,723
X-33 Total liabilities and net assetsStart of year $207,237$382,569
Part XI · Reconciliation of net assets $329,723 net assets at year end
XI-1 Total revenue$292,460
XI-2 Total expenses$158,875
XI-3 Revenue less expenses$133,585
XI-4 Net assets at start of year$196,138
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$329,723

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

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