Civic Intelligence

Ciao Philadelphia Global Network Foundation

990 • Fiscal year 2021 • EIN 82-2212988

Jan 01, 2021 to Dec 31, 2021 • Filed on May 11, 2022

Organization ProfileN/A
1500 Market StreetPhiladelphia, PA 19102

(215) 575-7090

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

2nd percentile

-665%

Higher net margin than 2% 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

39th percentile

-0.1%

Faster asset growth than 39% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

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

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$196,889

Down $173 (-0.1%) from 2020

Net Assets

Down

$196,889

Down $173 (-0.1%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin2nd percentile

Revenue

Up

$26

Up $26 from 2020

Expenses

Down

$199

Down $3,095 (-94%) from 2020

Net Income

Up

-$173

Up $3,121 (+95%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$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

2021

Assets$196,889
Liabilities$0
Net Assets$196,889
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$26
Expenses$199
Net Income-$173
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 11, 2022
Return Version
2021v4.1
Gross Receipts
$26
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
Cash and Non-Interest-Bearing Accounts$197,062$196,889▼ $173
Total Assets$197,062$196,889▼ $173
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$197,062$196,889▼ $173
Total Net Assets Fund Balance$197,062$196,889▼ $173
Total Liabilities and Net Assets / Fund Balance$197,062$196,889▼ $173
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Joseph CoradinoChairman, Director
Joseph H JacoviniPresident, Director
Andrea CanepariDirector
Dominic CarusoDirector
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
$26
Other Revenue
$0
Change in Net Assets
$-173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$199
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$0$175$0$175
Fees for Services Accounting$0$24$0$24
Total Functional Expenses$0$199$0$199
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
1500 Market Street, Philadelphia, PA 19102

Signing Officer

Name
Joseph H Jacovini
Title
President & Director
Phone
2155757090
Signed
2022-05-11
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
1500 Market St Ste 3500E, Philadelphia, PA 19102
Preparer
Stephanie L Searles
Phone
2155757087
Supplemental Narrative

Additional Explanations

Pt VI, Line 8A

“The organization did not hold its annual board meeting in 2021 due to the COVID-19 pandemic.”

Pt VI, Line 2

“Joseph Jacovini is Stacey Jacovini Storm's father.”

Pt VI, Line 8B

“Meeting minutes were not contemporaneously held in 2021 as there was no meeting.”

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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IRS990/Form990PartVIISectionAGrp/PersonNm4Stacy Jacovini Storm
IRS990/Form990PartVIISectionAGrp/PersonNm5Andrea Canepari
IRS990/Form990PartVIISectionAGrp/PersonNm6Roberta Canepari
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization did not hold its annual board meeting in 2021 due to the COVID-19 pandemic.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Joseph Jacovini is Stacey Jacovini Storm's father.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Meeting minutes were not contemporaneously held in 2021 as there was no meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Foundation engaged counsel to assist with the preparation of the 990. Counsel worked closely with Joseph Jacovini to prepare the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization had a written conflict of interest policy and the directors were required to review and follow it.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Joseph H Jacovini
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02155757090
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Ciao Philadelphia Global Network Foundation
ReturnHeader/Filer/BusinessNameControlTxt0CIAO
ReturnHeader/Filer/EIN0822212988
ReturnHeader/Filer/PhoneNum02155757090
ReturnHeader/Filer/USAddress/AddressLine1Txt01500 Market Street
ReturnHeader/Filer/USAddress/CityNm0Philadelphia
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019102
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Dilworth Paxson LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01500 Market St Ste 3500E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Philadelphia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019102
ReturnHeader/PreparerPersonGrp/PhoneNum02155757087
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephanie L Searles
ReturnHeader/ReturnTs02022-09-09T10:20:49-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Joseph
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Jacovini
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$196,889
Liabilities
$0
Net assets
$196,889
Revenue
$26
Expenses
$199
Net income
-$173
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