Overview
What is Italian American Museum?
The Italian American Museum is a nonprofit organization dedicated to honoring the significant impact of Italians and Italian Americans on American culture. By collecting, preserving, and showcasing various artifacts and memories, the museum aims to highlight the notable contributions made by this community. Through engaging exhibits, the museum serves as a platform to promote and celebrate Italian culture, ensuring its continued appreciation and understanding within American society.
Official website here: www.italianamericanmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
The Italian American Museum received a zero-star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The overall score of 30% reflects weaknesses in critical areas, especially financial statements and program expenses, which received no points. However, the organization does have a majority independent board, showcasing a commitment to governance.
Strengths include a fully independent board and effective governance practices, such as the distribution of tax forms to board members prior to filing. Despite these positives, the museum struggles with financial efficiency, as evidenced by a troubling program expense ratio of only 11.38%. This suggests that a minimal portion of expenditures is directed towards its programs, raising questions about the effective use of donations.
Additional limitations include the absence of essential policies like conflict of interest and whistleblower protections, contributing to the low accountability score. Furthermore, the museum's liabilities to assets ratio and fundraising efficiency score are concerning, indicating potential financial instability. Overall, while the governance structure shows promise, significant improvements are needed in financial management and transparency to instill greater donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Italian American Museum legitimate?
Italian American Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Italian American Museum submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,460
For more financial information, click here
Official website here: www.italianamericanmuseum.org
What is the mission statement of Italian American Museum?
The Italian American Museum's primary mission is centered around promoting Italian culture. It achieves this by collecting, preserving, and interpreting significant artifacts and memories that highlight the significant contributions of Italians and Italian Americans to American culture. This is carried out through various museum exhibits, serving as a platform to showcase and celebrate Italian heritage.
Official website here: www.italianamericanmuseum.org
Who is the CEO of Italian American Museum?
Joseph Scelsa is the President of Italian American Museum.
Official website here: www.italianamericanmuseum.org
What is the revenue of Italian American Museum?
Italian American Museum's revenue in 2022 was $2,706,029.
Official website here: www.italianamericanmuseum.org
Who are the executives of Italian American Museum and what are their salaries?
The average compensation at Italian American Museum during 2022 was $11,820. There are 3 employees at Italian American Museum.
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Official website here: www.italianamericanmuseum.org
Where can I find the form 990 for Italian American Museum?
Italian American Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.italianamericanmuseum.org
Learn more at the official website: www.italianamericanmuseum.org
Mission Statement of Italian American Museum
The Italian American Museum serves as a platform to promote Italian culture. Its primary mission is to collect, preserve, and showcase tangible objects and memories that showcase the significant contributions of Italians and Italian Americans to American culture. This is achieved through a variety of museum exhibits, which serve to interpret and display these noteworthy contributions. The museum aims to celebrate and celebrate the rich heritage of Italian Americans, preserving their history and impact for future generations.
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Impact
October, 2024
The Italian American Museum profoundly influences the preservation and promotion of Italian culture within the United States. By collecting, preserving, interpreting, and displaying tangible objects and reminiscences, the museum highlights the noteworthy contributions of Italians and Italian Americans to American culture. Through its various exhibits, it educates the public about the rich history, traditions, and achievements of Italian communities, fostering a deeper appreciation and understanding of their impact on the broader American landscape. This cultural enrichment not only celebrates heritage but also strengthens community ties and promotes cultural diversity within New York and beyond.
This information is meant to be a general summary of Italian American Museum. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $110
- Gross Receipts: $2,826,599
Assets and Liabilities:
- Total Assets: $3,577,696
- Total Liabilities: $0
- Net Assets: $3,577,696
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Organization Details
Founding Year
2001
Phone
(718) 931-6935Principal Officer
Joseph Scelsa
Main Address
151 Mulberry Street, New York, NY, 10013
NTEE Category
Code: A50 - Arts
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