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Italian Independent Beneficial Society

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Category: Recreation, Sports, Leisure, Athletics / Recreational, Pleasure, or Social Club (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$62.1k (2023)

Expenses
$50k (2023)

Total Assets
$179k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2014 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$62,065
Expenses
$50,024
Net Income
$12,041
Net Assets
$179,335
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $5,570
9.0%
Sales of Assets $0
Net Inventory Sales $52,795
85.1%
Other Revenue $0
Assets/Debt
Total Assets $179,335
Total Liabilities $0
Net Assets $179,335
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
John Myers (Treasurer) $0 $0
Larry Tate (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$63,598
Expenses
$49,469
Net Income
$14,129
Net Assets
$167,294
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $9,531
15.0%
Sales of Assets $0
Net Inventory Sales $50,167
78.9%
Other Revenue $0
Assets/Debt
Total Assets $167,294
Total Liabilities $0
Net Assets $167,294
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
John Myers (Treasurer) $0 $0
Larry Tate (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$66,941
Expenses
$63,023
Net Income
$3,918
Net Assets
$153,165
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $9,137
13.6%
Sales of Assets $0
Net Inventory Sales $54,204
81.0%
Other Revenue $0
Assets/Debt
Total Assets $153,165
Total Liabilities $0
Net Assets $153,165
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
John Myers (Treasurer) $0 $0
Larry Tate (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$64,660
Expenses
$69,962
Net Income
-$5,302
Net Assets
$149,247
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $12,136
18.8%
Sales of Assets $0
Net Inventory Sales $49,124
76.0%
Other Revenue $0
Assets/Debt
Total Assets $149,247
Total Liabilities $0
Net Assets $149,247
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
John Myers (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$94,391
Expenses
$74,542
Net Income
$19,849
Net Assets
$152,834
Notable Sources of Revenue Percent of Total Revenue
Contributions $200
0.2%
Program Services $0
Investment Income $377
0.4%
Net Fundraising $40,927
43.4%
Sales of Assets $0
Net Inventory Sales $33,577
35.6%
Other Revenue $15,785
16.7%
Assets/Debt
Total Assets $154,099
Total Liabilities $1,265
Net Assets $152,834
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Larry Tate (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$105,534
Expenses
$81,144
Net Income
$24,390
Net Assets
$132,985
Notable Sources of Revenue Percent of Total Revenue
Contributions $200
0.2%
Program Services $0
Investment Income $374
0.4%
Net Fundraising $34,896
33.1%
Sales of Assets $0
Net Inventory Sales $50,384
47.7%
Other Revenue $15,500
14.7%
Assets/Debt
Total Assets $134,556
Total Liabilities $1,571
Net Assets $132,985
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Larry Tate (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$94,618
Expenses
$93,286
Net Income
$1,332
Net Assets
$108,595
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $15,685
16.6%
Sales of Assets $0
Net Inventory Sales $63,439
67.0%
Other Revenue $10,694
11.3%
Assets/Debt
Total Assets $116,284
Total Liabilities $7,689
Net Assets $108,595
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Larry Tate (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$74,516
Expenses
$65,595
Net Income
$8,921
Net Assets
$107,263
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $17,191
23.1%
Sales of Assets $0
Net Inventory Sales $33,645
45.2%
Other Revenue $13,085
17.6%
Assets/Debt
Total Assets $121,956
Total Liabilities $14,693
Net Assets $107,263
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Larry Tate (President) $0 $0
John Myers (Vice President) $0 $0
Wendy Tate (Secretary/Treasurer) $0 $0
Scott Mcelroy (Trustee) $0 $0
Debbie Tate (Trustee) $0 $0
Adam Tate (Trustee) $0 $0
Margie Mcelroy (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$86,498
Expenses
$66,290
Net Income
$20,208
Net Assets
$98,342
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $16,958
19.6%
Sales of Assets $0
Net Inventory Sales $44,294
51.2%
Other Revenue $17,714
20.5%
Assets/Debt
Total Assets $119,376
Total Liabilities $21,034
Net Assets $98,342
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Larry Tate (President) $0 $0
John Myers (Vice President) $0 $0
Wendy Tate (Secretary/Treasurer) $0 $0
Scott Mcelroy (Trustee) $0 $0
Debbie Tate (Trustee) $0 $0
Adam Tate (Trustee) $0 $0
Margie Mcelroy (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$86,588
Expenses
$76,039
Net Income
$10,549
Net Assets
$78,134
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $12,000
13.9%
Net Fundraising $16,675
19.3%
Sales of Assets $0
Net Inventory Sales $51,545
59.5%
Other Revenue $1,038
1.2%
Assets/Debt
Total Assets $105,354
Total Liabilities $27,220
Net Assets $78,134
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Larry Tate (President) $0 $0
John Myers (Vice President) $0 $0
Wendy Tate (Secretary/Treasurer) $0 $0
John Tate (Trustee) $0 $0
Debbie Tate (Trustee) $0 $0
Jim Testa (Trustee) $0 $0
Margie Mcelroy (Trustee) $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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