Concorso Italiano Foundation: Nonprofit Profile, Financials & Form 990 (EIN 83-4625379)

Revenue by fiscal year
FY2021	$653K
FY2022	$629K
FY2023	$591K

Expenses by fiscal year
FY2021	$630K
FY2022	$633K
FY2023	$610K

Net assets by fiscal year
FY2021	$24K
FY2022	$19K
FY2023	$442

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

3 cents of each dollar spent went to programs.

96%

Program services 3% · $19K Management & general 96% · $588K Fundraising 0% · $3K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Mike McDowell

Secretary

$0Pt VII · Sec A

See Concorso Italiano Foundation 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises funds for charities through an annual car enthusiast gathering.

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Provided by the organization

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2 programs · $19K · in their own filed words · FY2023

01

Raise funds and contribute the the Habitat for Humanity general fund.

$17Kprogram expense

02

Raise funds and contribute the the San Carlos School general fund.

$2Kprogram 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 · FY2022

Paso Robles Destination DBA Travel PasoFY2022$20K

Total grants receivedfrom 1 funder$20K

Grants paid · 1 grant · $17K · 2023–2023

Habitat for Humanity Monterey BayCA · FY2023$17,382

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$591K

Ln 12

Gifts and grantsLn 1h$300K

Fees for servicesLn 2g$291K

Money outPt IX

$610K

Ln 25

Programscol B$19K

Managementcol C$588K

Fundraisingcol D$3K

Owns and owesPt X

$442

net assets · Ln 32

Cash and savingsLn 1–2$442

Total assetsLn 16$442

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$300K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Fees for servicesLn 2g$291K

Total revenueLn 12$591K

Assets in detailPt X, end of year

CashLn 1$442

SavingsLn 2$0

Cash and savings togetherLn 1–2$442

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$442

LiabilitiesLn 26$0

Net assetsLn 32$442

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$19K	$442
InvestmentsLn 11–13	$0	$0
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$19K	$442
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$19K	$442

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$19K	$19K
Grants to domestic individualsLn 2	$0	$0
Grants and assistance to foreign recipientsLn 3	$0	$0
Advertising and promotionLn 12	$0	$0	$0	$0
Office expensesLn 13	$0	$0	$0	$0
Information technologyLn 14	$0	$0	$0	$0
RoyaltiesLn 15	$0	$0	$0	$0
OccupancyLn 16	$0	$0	$0	$0
TravelLn 17	$0	$0	$0	$0
Travel and entertainment for public officialsLn 18	$0	$0	$0	$0
Conferences, conventions and meetingsLn 19	$0	$0	$0	$0
InterestLn 20	$0	$0	$0	$0
Payments to affiliatesLn 21	$591K	$0	$588K	$3K
Depreciation, depletion and amortizationLn 22	$0	$0	$0	$0
InsuranceLn 23	$0	$0	$0	$0
Total functional expensesLn 25	$610K	$19K	$588K	$3K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest Viewing	$591K	$610K	−$19K	$442	990 PDF
FY2022	$629K	$633K	−$4K	$19K	990 PDF
FY2021	$653K	$630K	$23K	$24K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $590,871 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $628,747$300,291

I-9 Program service revenuePrior year $0$290,580

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $628,747$590,871

I-13 Grants and similar amounts paidPrior year $19,968$19,167

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $613,096$590,524

I-18 Total expensesPrior year $633,064$609,691

I-19 Revenue less expensesPrior year −$4,317−$18,820

Part VI · Governance 0 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsYes

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 payYes

Part VIII · Statement of revenue $590,871 across 14 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$300,291

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$300,291

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $290,580 · Unrelated business $0 · Excluded from tax $0$290,580

VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $290,580 · Unrelated business $0 · Excluded from tax $0$590,871

Part IX · Statement of functional expenses $609,691 across 15 lines filed

IX-1 Grants to domestic organizationsPrograms $19,167$19,167

IX-2 Grants to domestic individualsPrograms $0$0

IX-3 Grants and assistance to foreign recipientsPrograms $0$0

IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0

IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0

IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0

IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0

IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0

IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0

IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0

IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0

IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0

IX-21 Payments to affiliatesPrograms $0 · Management $587,780 · Fundraising $2,744$590,524

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0

IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0

IX-25 Total functional expensesPrograms $19,167 · Management $587,780 · Fundraising $2,744$609,691

Part X · Balance sheet $442 assets, 22 lines filed

X-1 Cash, non-interest-bearingStart of year $19,262$442

X-2 Savings and temporary cash investmentsStart of year $0$0

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $0$0

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $0$0

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securitiesStart of year $0$0

X-12 Other securitiesStart of year $0$0

X-13 Program-related investmentsStart of year $0$0

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $0$0

X-16 Total assetsStart of year $19,262$442

X-17 Accounts payable and accrued expensesStart of year $0$0

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $0$0

X-25 Other liabilitiesStart of year $0$0

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $19,262$442

X-33 Total liabilities and net assetsStart of year $19,262$442

Part XI · Reconciliation of net assets $442 net assets at year end

XI-1 Total revenue$590,871

XI-2 Total expenses$609,691

XI-3 Revenue less expenses−$18,820

XI-4 Net assets at start of year$19,262

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$442

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

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