ITALIAN ASSOCIATION OF ARIZONA

EIN: 464067472 501(c)(3) Arts, Culture & Humanities

SCOTTSDALE, AZ

Total Revenue
$172,486
Total Expenses
$56,440
Total Assets
$328,606
Net Assets
$219,387
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
AZ
Phone
4802348156
Tax Period
2025-01-01 to 2025-12-31

ITALIAN ASSOCIATION OF ARIZONA, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $172K in total revenue in fiscal year 2025. The organization ran a surplus of $116K, a strong 67% operating margin.

Mission

To promote and support cultural, commercial, and administrative activities of the Italian community in Arizona for the benefit of the community and the public, and to serve as a local entity supporting initiatives originating from Italy.

Program Service Accomplishments

Program 1
Expenses: $35,109 Revenue: $94,948

Italian language classes for beginners through to conversational Italian are hosted by the Italian Association. Our instructors are highly qualified and have received positive feedback from the...

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Italian language classes for beginners through to conversational Italian are hosted by the Italian Association. Our instructors are highly qualified and have received positive feedback from the students in each class. Classes are offered both live and online and are limited to approximately 10 students per class to ensure personalized interaction and support for each student.

Program 2
Expenses: $5,390 Revenue: $10,639

Our vision is to develop, over time, the financial resources necessary to create an Italian Cultural Center that will provide services and support to the Italian community and the community at...

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Our vision is to develop, over time, the financial resources necessary to create an Italian Cultural Center that will provide services and support to the Italian community and the community at large.We hosted an Italian Festival in Downtown Scottsdale in October of 2025, along with supporting SVDP and participating in other volunteer activities. We continued offering Italian language classes both in person and online, helping build community among students through breakfast meetings and participation in other local cultural events. We also promoted our business members and sponsors through social media platforms and newsletters while sharing the love of the Italian culture, food, and language. Additionally, we hosted several happy hour events to support local restaurants and businesses while bringing community together.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $51,633
Program Service Revenue $105,587
Investment Income $0
Other Revenue $15,266
TOTAL REVENUE $172,486

Expense Breakdown

Grants Paid $750
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,499
Other Expenses $55,690
TOTAL EXPENSES $56,440

Year-over-Year Comparison

2025 2024 Change
Revenue $172,486 $173,861 0.0%
Expenses $56,440 $70,186 -0.2%
Net Income $116,046 $103,675 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICKEY RAO President 2.00
Officer Director
$0 $0 $0
RON PACIONI Treasurer 2.00
Officer Director
$0 $0 $0
CAREN PEYTON Secretary 2.00
Officer Director
$0 $0 $0
PETER STAZZONE Director 2.00
Director
$0 $0 $0
DARIO SOLDAN Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $172,486 $56,440 $328,606 $116,046
2024 No data No data No data No data
2023 $99,344 $95,397 $120,045 $3,947
2022 $527,352 $534,057 $98,480 $-6,705
2021 $225,849 $202,964 $119,161 $22,885
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