Civic Intelligence

IL Circolo Inc.

990EZ • Fiscal year 2019 • EIN 59-1742639

Jun 01, 2018 to May 31, 2019 • Filed on Aug 13, 2019

7411 Modena DriveBoynton Beach, FL 33437

(561) 200-6300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.10x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

0.18x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

16th percentile

-21%

Higher net margin than 16% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

42nd percentile

-1.3%

Faster asset growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

14th percentile

-36%

Faster revenue growth than 14% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$126,158

Down $1,697 (-1.3%) from 2018

Net Assets

Down

$113,492

Down $14,280 (-11%) from 2018

Liabilities

Up

$12,666

Up $12,583 (+15160%) from 2018

Revenue

Down

$69,439

Down $39,491 (-36%) from 2018

Expenses

Down

$83,719

Down $9,767 (-10%) from 2018

Net Income

Down

-$14,280

Down $29,724 (-192%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2012: $96,479Liabilities 2012: $10,4792012Assets 2013: $137,137Liabilities 2013: $10,0222013Assets 2014: $134,723Liabilities 2014: $4,9202014Assets 2015: $93,567Liabilities 2015: $13,4802015Assets 2016: $130,170Liabilities 2016: $02016Assets 2017: $113,238Liabilities 2017: $0Net Assets 2017: $113,2382017Assets 2018: $127,855Liabilities 2018: $83Net Assets 2018: $127,7722018Assets 2019: $126,158Liabilities 2019: $12,666Net Assets 2019: $113,4922019Assets 2020: $143,652Liabilities 2020: $537Net Assets 2020: $143,1152020Assets 2021: $132,501Liabilities 2021: $0Net Assets 2021: $132,5012021Assets 2022: $185,623Liabilities 2022: $0Net Assets 2022: $185,6232022Assets 2023: $133,863Liabilities 2023: $15,010Net Assets 2023: $118,8532023Assets 2024: $206,662Liabilities 2024: $6,365Net Assets 2024: $200,2972024Assets 2025: $382,569Liabilities 2025: $52,846Net Assets 2025: $329,7232025

Highlighted filing

2019

Assets$126,158
Liabilities$12,666
Net Assets$113,492

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $72,184Expenses 2012: $71,210Net Income 2012: $9742012Revenue 2013: $116,060Expenses 2013: $74,945Net Income 2013: $41,1152013Revenue 2014: $93,671Expenses 2014: $91,068Net Income 2014: $2,6032014Revenue 2015: $60,380Expenses 2015: $110,376Net Income 2015: -$49,9962015Revenue 2016: $120,618Expenses 2016: $61,080Net Income 2016: $59,5382016Revenue 2017: $75,443Expenses 2017: $68,645Net Income 2017: $6,7982017Revenue 2018: $108,930Expenses 2018: $93,486Net Income 2018: $15,4442018Revenue 2019: $69,439Expenses 2019: $83,719Net Income 2019: -$14,2802019Revenue 2020: $117,513Expenses 2020: $87,890Net Income 2020: $29,6232020Revenue 2021: $32,150Expenses 2021: $43,114Net Income 2021: -$10,9642021Revenue 2022: $149,756Expenses 2022: $96,634Net Income 2022: $53,1222022Revenue 2023: $46,387Expenses 2023: $113,157Net Income 2023: -$66,7702023Revenue 2024: $271,491Expenses 2024: $189,788Net Income 2024: $81,7032024Revenue 2025: $292,460Expenses 2025: $158,875Net Income 2025: $133,5852025

Highlighted filing

2019

Revenue$69,439
Expenses$83,719
Net Income-$14,280
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Aug 13, 2019
Return Version
2018v3.1
Gross Receipts
$163,145
Mission and Program Overview

Mission

Support and promote italian arts and culture

Program Services

DescriptionGrantsExpenses
ORGANIZATION HOSTS VARIOUS EVENTS WITHIN PALM BEACH COUNTY WHOSE PURPOSE IS TO PRESERVE AND PROMOTE THE ITALIAN CULTURE THROUGH EDUCATION, ART AND MUSIC.-$39,972
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. IN ADDITION, THE ORGANIZATION HAS BEEN A MAJOR SUPPORT OF FLORIDA ATLANTIC UNIVERSITY'S ITALIAN STUDIES PROGRAM, ONE OF THE ONLY TWO MAJOR PROGRAMS IN THE FLORIDA STATE UNIVERSITY SYSTEM. IL CIRCOLO HAS CONTRIBUTED TO A PROGRAM RELATED TO ITALIAN USAGE IN THE ARTS AT PALM BEACH ATLANTIC UNIVERSITY. DONATIONS HAVE ALSO BEEN MADE TO THE HIGHLY SPECIALIZED ALEXANDER W DREYFOOS JR SCHOOL OF ARTS. FURTHERMORE, IL CIRCOLO CONTRIBUTES TO THE SUPPORT OF ITALIAN LANGUAGE COURSES AT PUBLIC AND PRIVATE SCHOOLS, SUCH AS LAKE WORTH HIGH SCHOOL, POPE JOHN PAUL II HIGH SCHOOL, AND ST. ANDREWS SCHOOL. INVOLVEMENT IN THE ARTS IS EPITOMIZED BY IL CIRCOLO'S ANNUAL GRANTING OF THE "MAESTRO ANTON GUADAGNO AWARD" (FORMERLY CALLED THE "GIUSEPPE VERDI AWARD") TO ONE OF THE WINNERS OF THE ANNUAL PALM BEACH OPERA VOCAL COMPETITION.$21,500$21,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANTOINETTE VIGILANTEDirector-$0--
ANTONELLA BRANCACCIO BALZANODirector-$0--
CLAIRE GIANNAMOREDirector-$0--
EMILIO PETTI LORETTA JUNGREISDirector-$0--
LUCIA MAGGIOREDirector-$0--
MARCO CAPOCCIADirector-$0--
MATTHEW ROCCOVice Preside-$0--
MYRIAM RUTHENBERGDirector-$0--
PAUL FINIZIOPresidentPT$0--
ROSE DE ANGELISDirector-$0--
SALLY VALENTIExecutive VIPT$0--
VIRGINIA LONGODirector-$0--
CONCETTA SCHIATTARELLADirector-$0--
CHRIS SALAMONEDirector-$0--
CAESAR CORADirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$107,625$107,625$93,706$13,919
Total Events$107,625$107,625$93,706$13,919
Filing and Contact Details

Filer

Filer Name
Il Circolo Inc
EIN
59-1742639
Phone
5612006300
Address
7411 MODENA DRIVE, BOYNTON BEACH, FL 33437

Signing Officer

Name
Paul Finizio
Title
President
Phone
5612006300
Signed
2019-08-13
Discuss with paid preparer
Yes

Preparer

Firm
Carroll and Company Cpas
Address
2640-A MITCHAM DRIVE, TALLAHASSEE, FL 32308
Preparer
Kathleen E Brothers
Phone
8508771099
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I

Line 10 - grants and scholarships student scholarships - 2 1,500 thomas w mccormick scholarship fund 1,000 symphony of the americas 3,000 flordia atlantic scholarship-italian language 5,000 palm beach opera - 2 5,000 niaf matching scholarships 3,500 st. Andrews school donation 1,500 italian club of tampa donation 1,000

Form 990-ez, Part I, Line 8

Misc income 1,118 total 1,118

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 1,079 office expenses 4,818 membership affiliate dues 2,500 information technology 540 travel 1,125 program meeting expenses 37,472 insurance 1,150 total 48,684

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 0 2,000 total 0 2,000

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 83 12,666

Form 990-ez, Part III, Line 29

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. In addition, the organization has been a major support of florida atlantic university's italian studies program, one of the only two major programs in the florida state university system. Il circolo has contributed to a program related to italian usage in the arts at palm beach atlantic university. Donations have also been made to the highly specialized alexander w dreyfoos jr school of arts. Furthermore, il circolo contributes to the support of italian language courses at public and private schools, such as lake worth high school, pope john paul ii high school, and st. Andrews school. Involvement in the arts is epitomized by il circolo's annual granting of the "maestro anton guadagno award" (formerly called the "giuseppe verdi award") to one of the winners of the annual palm beach opera vocal competition.

Raw XML Appendix227 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1ITALIAN 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. IN ADDITION, THE ORGANIZATION HAS BEEN A MAJOR SUPPORT OF FLORIDA ATLANTIC UNIVERSITY'S ITALIAN STUDIES PROGRAM, ONE OF THE ONLY TWO MAJOR PROGRAMS IN THE FLORIDA STATE UNIVERSITY SYSTEM. IL CIRCOLO HAS CONTRIBUTED TO A PROGRAM RELATED TO ITALIAN USAGE IN THE ARTS AT PALM BEACH ATLANTIC UNIVERSITY. DONATIONS HAVE ALSO BEEN MADE TO THE HIGHLY SPECIALIZED ALEXANDER W DREYFOOS JR SCHOOL OF ARTS. FURTHERMORE, IL CIRCOLO CONTRIBUTES TO THE SUPPORT OF ITALIAN LANGUAGE COURSES AT PUBLIC AND PRIVATE SCHOOLS, SUCH AS LAKE WORTH HIGH SCHOOL, POPE JOHN PAUL II HIGH SCHOOL, AND ST. ANDREWS SCHOOL. INVOLVEMENT IN THE ARTS IS EPITOMIZED BY IL CIRCOLO'S ANNUAL GRANTING OF THE "MAESTRO ANTON GUADAGNO AWARD" (FORMERLY CALLED THE "GIUSEPPE VERDI AWARD") TO ONE OF THE WINNERS OF THE ANNUAL PALM BEACH OPERA VOCAL COMPETITION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 10 - GRANTS AND SCHOLARSHIPS STUDENT SCHOLARSHIPS - 2 1,500 THOMAS W MCCORMICK SCHOLARSHIP FUND 1,000 SYMPHONY OF THE AMERICAS 3,000 FLORDIA ATLANTIC SCHOLARSHIP-ITALIAN LANGUAGE 5,000 PALM BEACH OPERA - 2 5,000 NIAF MATCHING SCHOLARSHIPS 3,500 ST. ANDREWS SCHOOL DONATION 1,500 ITALIAN CLUB OF TAMPA DONATION 1,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MISC INCOME 1,118 TOTAL 1,118
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES ADVERTISING AND PROMOTION 1,079 OFFICE EXPENSES 4,818 MEMBERSHIP AFFILIATE DUES 2,500 INFORMATION TECHNOLOGY 540 TRAVEL 1,125 PROGRAM MEETING EXPENSES 37,472 INSURANCE 1,150 TOTAL 48,684
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PREPAID EXPENSES AND DEFERRED CHARGES 0 2,000 TOTAL 0 2,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 83 12,666
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ITALIAN 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. IN ADDITION, THE ORGANIZATION HAS BEEN A MAJOR SUPPORT OF FLORIDA ATLANTIC UNIVERSITY'S ITALIAN STUDIES PROGRAM, ONE OF THE ONLY TWO MAJOR PROGRAMS IN THE FLORIDA STATE UNIVERSITY SYSTEM. IL CIRCOLO HAS CONTRIBUTED TO A PROGRAM RELATED TO ITALIAN USAGE IN THE ARTS AT PALM BEACH ATLANTIC UNIVERSITY. DONATIONS HAVE ALSO BEEN MADE TO THE HIGHLY SPECIALIZED ALEXANDER W DREYFOOS JR SCHOOL OF ARTS. FURTHERMORE, IL CIRCOLO CONTRIBUTES TO THE SUPPORT OF ITALIAN LANGUAGE COURSES AT PUBLIC AND PRIVATE SCHOOLS, SUCH AS LAKE WORTH HIGH SCHOOL, POPE JOHN PAUL II HIGH SCHOOL, AND ST. ANDREWS SCHOOL. INVOLVEMENT IN THE ARTS IS EPITOMIZED BY IL CIRCOLO'S ANNUAL GRANTING OF THE "MAESTRO ANTON GUADAGNO AWARD" (FORMERLY CALLED THE "GIUSEPPE VERDI AWARD") TO ONE OF THE WINNERS OF THE ANNUAL PALM BEACH OPERA VOCAL COMPETITION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$0.53$3.30$2.92$1.59$1.34
2024Detailed filing. Detailed filing data is available for this year.$2.07$0.06$2.00$2.71$1.90$0.82
2023Detailed filing. Detailed filing data is available for this year.$1.34$0.15$1.19$0.46$1.13$0.67
2022Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$1.50$0.97$0.53
2021Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.32$0.43$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.44$0.01$1.43$1.18$0.88$0.30
2019Detailed filing. Detailed filing data is available for this year.$1.26$0.13$1.13$0.69$0.84$0.14
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$1.09$0.93$0.15
2017Summary only. Only limited summary data is available for this year.$1.13$0.00$1.13$0.75$0.69$0.07
2016Summary only. Only limited summary data is available for this year.$1.30$0.00$1.21$0.61$0.60
2015Summary only. Only limited summary data is available for this year.$0.94$0.13$0.60$1.10$0.50
2014Summary only. Only limited summary data is available for this year.$1.35$0.05$0.94$0.91$0.03
2013Summary only. Only limited summary data is available for this year.$1.37$0.10$1.16$0.75$0.41
2012Summary only. Only limited summary data is available for this year.$0.96$0.10$0.72$0.71$0.01