Civic Intelligence

Ciao Philadelphia Global Network Foundation

EIN 82-2212988 • 501(c)3 • Philadelphia, PA

Profile

The Foundation enhances, highlights, and extends the Italian-American heritage, history and culture to the general public by creating and maintaining a virtual platform chronicling the past, present, and future contributions and accomplishments of Italian Americans in Philadelphia and the Greater Philadelphia region.

1650 Market StreetPhiladelphia, PA 19103

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

16th percentile

-42%

Higher net margin than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

52nd percentile

-0.7%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$186,921

Down $1,262 (-0.7%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$186,921

Down $1,262 (-0.7%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin16th percentile

Revenue

Up

$2,993

Up $2,993 from 2023

Expenses

Down

$4,255

Down $3,658 (-46%) from 2023

Net Income

Up

-$1,262

Up $6,651 (+84%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2020: $197,062Liabilities 2020: $0Net Assets 2020: $197,0622020Assets 2021: $196,889Liabilities 2021: $0Net Assets 2021: $196,8892021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $188,183Liabilities 2023: $0Net Assets 2023: $188,1832023Assets 2024: $186,921Liabilities 2024: $0Net Assets 2024: $186,9212024

Highlighted filing

2024

Assets$186,921
Liabilities$0
Net Assets$186,921
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10K$5.0K$0-$5.0K-$10KRevenue 2020: $0Expenses 2020: $3,294Net Income 2020: -$3,2942020Revenue 2021: $26Expenses 2021: $199Net Income 2021: -$1732021Revenue 2022: $38Expenses 2022: $831Net Income 2022: -$7932022Revenue 2023: $0Expenses 2023: $7,913Net Income 2023: -$7,9132023Revenue 2024: $2,993Expenses 2024: $4,255Net Income 2024: -$1,2622024

Highlighted filing

2024

Revenue$2,993
Expenses$4,255
Net Income-$1,262
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$186,921
Liabilities
$0
Net assets
$186,921
Revenue
$2,993
Expenses
$4,255
Net income
-$1,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$0.03$0.04$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.00$0.08$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.97$0.00$1.97$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.97$0.00$1.97$0.00$0.03$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$2,993
Mission and Program Overview

Mission

The Foundation enhances, highlights, and extends the Italian-American heritage, history and culture to the general public by creating and maintaining a virtual platform chronicling the past, present, and future contributions and accomplishments of Italian Americans in Philadelphia and the Greater Philadelphia region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$172,984-
Cash and Non-Interest-Bearing Accounts$188,183$13,937▼ $174,246
Total Assets$188,183$186,921▼ $1,262
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$188,183$186,921▼ $1,262
Total Net Assets Fund Balance$188,183$186,921▼ $1,262
Total Liabilities and Net Assets / Fund Balance$188,183$186,921▼ $1,262
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Joseph CoradinoChairman, Director
Joseph H JacoviniPresident, Director
Dominic CarusoDirector
Michael ValucciDirector
Roberta CanepariDirector
Stacy Jacovini StormDirector
Philip L RinaldiSec./ Treas., Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,993
Other Revenue
$0
Change in Net Assets
$-1,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$4,219$0$0$4,219
Fees for Services Accounting$0$36$0$36
Total Functional Expenses$4,219$36$0$4,255
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Ciao Philadelphia Global Network Foundation
EIN
82-2212988
Phone
2155757090
Address
1650 Market Street, Philadelphia, PA 19103

Signing Officer

Name
Joseph H Jacovini
Title
President & Director
Phone
2155757090
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph H Jacovini
Formed
2017
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Dilworth Paxson Llp
Address
1650 MARKET STREET SUITE 1200, PHILADELPHIA, PA 19103
Preparer
Stephanie L Searles
Phone
2155757087
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Joseph Jacovini is Stacey Jacovini Storms father.”

Pt VI, Line 11B

“The Foundation engaged counsel to assist with the preparation of the 990. Counsel worked closely with Joseph Jacovini to prepare the 990.”

Pt VI, Line 12C

“The organization had a written conflict of interest policy and the directors were required to review and follow it.”

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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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephanie L Searles
ReturnHeader/ReturnTs02025-05-12T08:12:53-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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