Civic Intelligence

IL Circolo Inc.

990EZ • Fiscal year 2021 • EIN 59-1742639

Jun 01, 2020 to May 31, 2021 • Filed on Feb 02, 2022

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

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

14th percentile

-34%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

28th percentile

-7.8%

Faster asset growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

9th percentile

-73%

Faster revenue growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$132,501

Down $11,151 (-7.8%) from 2020

Net Assets

Down

$132,501

Down $10,614 (-7.4%) from 2020

Liabilities

Down

$0

Down $537 (-100%) from 2020

Revenue

Down

$32,150

Down $85,363 (-73%) from 2020

Expenses

Down

$43,114

Down $44,776 (-51%) from 2020

Net Income

Down

-$10,964

Down $40,587 (-137%) from 2020

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

2021

Assets$132,501
Liabilities$0
Net Assets$132,501

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

2021

Revenue$32,150
Expenses$43,114
Net Income-$10,964
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Feb 2, 2022
Return Version
2020v4.0
Gross Receipts
$37,150
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.-$14,275
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.$2,950$2,950
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PAUL FINIZIOPresidentPT$0--
SALLY VALENTIExecutive VIPT$0--
MATTHEW ROCCOVice Preside-$0--
ANTONELLA BALZANODirector-$0--
MARCO CAPOCCIADirector-$0--
DENISE CESTONEDirector-$0--
VINCENT CESTONEDirector-$0--
ROSE DE ANGELISDirector-$0--
CLAIRE GIANNAMOREDirector-$0--
LORETTA JUNGREISDirector-$0--
VIRGINIA LONGODirector-$0--
LUCIA MAGGIOREDirector-$0--
PAOLO MANGIADirector-$0--
EMILIO PETTIDirector-$0--
MYRIAM RUTHENBERGDirector-$0--
CHRIS SALAMONEDirector-$0--
CONCETTA SCHIATTARELLADirector-$0--
ANTOINETTE VIGILANTEDirector-$0--
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
2022-02-02
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 1 grant to student at university of south florida 2,500 1 grant to cultural council of palm beach 100 1 grant to palm beach chamber of commerce 350

Form 990-ez, Part I, Line 8

Misc income 475 total 475

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 795 office expenses 7,007 information technology 2,309 program meeting expenses 14,275 total 24,386

Form 990-ez, Part I, Line 20

PR YR VOIDED CHECKS 350

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 537 0

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.

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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 1 GRANT TO STUDENT AT UNIVERSITY OF SOUTH FLORIDA 2,500 1 GRANT TO CULTURAL COUNCIL OF PALM BEACH 100 1 GRANT TO PALM BEACH CHAMBER OF COMMERCE 350
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MISC INCOME 475 TOTAL 475
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES ADVERTISING AND PROMOTION 795 OFFICE EXPENSES 7,007 INFORMATION TECHNOLOGY 2,309 PROGRAM MEETING EXPENSES 14,275 TOTAL 24,386
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PR YR VOIDED CHECKS 350
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 537 0
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 I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
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ReturnHeader/PreparerPersonGrp/PhoneNum08508771099
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHLEEN E BROTHERS
ReturnHeader/ReturnTs02022-03-24T14:32:11-05:00
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ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

Document Assets

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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