Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Riverwalk Italian Americans &
EIN 65-1011700 • 501(c)7 • West Palm Beach, FL
Profile
The organizations purpose is to perpetuate and celebrate the italian-american heritage and traditions, to organize events and promote unity in the community and to raise funds for the benefit of various charities.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.25x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
49th percentile
Higher net margin than 49% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
68th percentile
Faster asset growth than 68% of similar nonprofits.
Revenue Growth
46th percentile
Faster revenue growth than 46% of similar nonprofits.
Balance Sheet
Assets
Up$11,105
Up $900 (+8.8%) from 2024
Liabilities
Up$2,765
Up $140 (+5.3%) from 2024
Net Assets
Up$8,340
Up $760 (+10%) from 2024
Revenue
Down$30,515
Down $180 (-0.6%) from 2024
Expenses
Down$29,915
Down $2,032 (-6.4%) from 2024
Net Income
Up$600
Up $1,852 (+148%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $11,105
- Liabilities
- $2,765
- Net assets
- $8,340
- Revenue
- $30,515
- Expenses
- $29,915
- Net income
- $600
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jun 1, 2024 to May 31, 2025
- Signed
- Jun 10, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $30,515
Mission and Program Overview
Mission
The organizations purpose is to perpetuate and celebrate the italian-american heritage and traditions, to organize events and promote unity in the community and to raise funds for the benefit of various charities.
The organization's primary purpose is to perpetuate and celebrate the italian american heritage and traditions, to organize events and promote unity in the community and to raise funds for the benefit of variouis charities.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE ORGANIZATION HELD SEVEN DIFFERENT EVENTS DUING THE YEAR WHICH ALLOWED THE MEMBERS AND THE COMMUNITY TO GATHER TOGETHER AND EXPERIENCE AND CELEBRATE VARIOUS ITALIAN AMERICAN TRADITIONS, CULTURE, MUSIC, LANGUAGE AND FOOD. THE ORGANIZATION ALSO, THROUGH ITS EVENTS, EXPOSED THE MEMBERSHIP TO OTHER CULTURES AND TRADITIONS CONTRIBUTING TO LIVING AS AMERICANS WITH TOLERANCE AND UNDERSTANDING | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MEG AMERICA | Secretary | - | $0 | - | - |
| ALLEN FORMICHELLA | President | - | $0 | - | - |
| MICHAEL CASTELLANO | Treasurer | - | $0 | - | - |
| IRENE CICOLA | Vice President | - | $0 | - | - |
| LEE RIENECKER | Vice President | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Riverwalk Italian Americans &
- EIN
- 65-1011700
- Phone
- 5617990782
- Address
- 7459 RIVERWALK CIRCLE STE 315, WEST PALM BEACH, FL 33411
Signing Officer
- Name
- Allen Formichella
- Title
- President
- Phone
- 5616979807
- Signed
- 2025-06-10
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Murray & Josephson Cpas LLC
- Address
- 1475 CENTREPARK BLVD STE 200, WEST PALM BEACH, FL 33401
- Preparer
- Lisa M Turdo CPA
- Phone
- 5616401808
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: raffle ticket sales. Amount: 475.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: program service expneses. Amount: 28,518. Description: licenses and fees. Amount: 61. Description: office expenses. Amount: 286. Description: charitable donations. Amount: 750. Description: event deposits. Amount: 300. Total to form 990-ez, line 16: 29,915.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: accrual to cash adjustment. Amount: 160.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: event deposits. Beg. Of year amount: 0. End of year amount: 300.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: deferred membership dues. Beg. Of year amount: 2,625. End of year amount: 2,765.”
Raw XML Appendix128 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MICHAEL CASTELLANO |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5617990782 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 7217 ELKHORN DRIVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | WEST PALM BEACH |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 33411 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 10205 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 10805 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 600 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 10205 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 11105 |
| IRS990EZ/GrossReceiptsAmt | 0 | 30515 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 4665 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 7580 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 8340 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 7580 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 8340 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MEG AMERICA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | ALLEN FORMICHELLA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MICHAEL CASTELLANO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | IRENE CICOLA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | LEE RIENECKER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | VICE PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 300 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 160 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 29915 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 475 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE ORGANIZATION'S PRIMARY PURPOSE IS TO PERPETUATE AND CELEBRATE THE ITALIAN AMERICAN HERITAGE AND TRADITIONS, TO ORGANIZE EVENTS AND PROMOTE UNITY IN THE COMMUNITY AND TO RAISE FUNDS FOR THE BENEFIT OF VARIOUIS CHARITIES. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 25375 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ORGANIZATION HELD SEVEN DIFFERENT EVENTS DUING THE YEAR WHICH ALLOWED THE MEMBERS AND THE COMMUNITY TO GATHER TOGETHER AND EXPERIENCE AND CELEBRATE VARIOUS ITALIAN AMERICAN TRADITIONS, CULTURE, MUSIC, LANGUAGE AND FOOD. THE ORGANIZATION ALSO, THROUGH ITS EVENTS, EXPOSED THE MEMBERSHIP TO OTHER CULTURES AND TRADITIONS CONTRIBUTING TO LIVING AS AMERICANS WITH TOLERANCE AND UNDERSTANDING |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 2625 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2765 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 29915 |
| IRS990EZ/TotalRevenueAmt | 0 | 30515 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: RAFFLE TICKET SALES. AMOUNT: 475. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: PROGRAM SERVICE EXPNESES. AMOUNT: 28,518. DESCRIPTION: LICENSES AND FEES. AMOUNT: 61. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 286. DESCRIPTION: CHARITABLE DONATIONS. AMOUNT: 750. DESCRIPTION: EVENT DEPOSITS. AMOUNT: 300. TOTAL TO FORM 990-EZ, LINE 16: 29,915. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCRUAL TO CASH ADJUSTMENT. AMOUNT: 160. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: EVENT DEPOSITS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 300. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: DEFERRED MEMBERSHIP DUES. BEG. OF YEAR AMOUNT: 2,625. END OF YEAR AMOUNT: 2,765. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ALLEN FORMICHELLA |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5616979807 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-06-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | RIVERWALK ITALIAN AMERICANS & |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | FRIENDS CLUB INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | RIVE |
| ReturnHeader/Filer/EIN | 0 | 651011700 |
| ReturnHeader/Filer/PhoneNum | 0 | 5617990782 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 7459 RIVERWALK CIRCLE STE 315 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WEST PALM BEACH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 33411 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 134144409 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MURRAY & JOSEPHSON CPAS LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1475 CENTREPARK BLVD STE 200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WEST PALM BEACH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 33401 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5616401808 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-06-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LISA M TURDO CPA |
| ReturnHeader/ReturnTs | 0 | 2025-06-26T08:10:26-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-06-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-05-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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