Overview
What is American Society Of The Italian Legions Of Merit?
The American Society of the Italian Legions of Merit is a distinguished nonprofit organization situated in New York, specifically at Eight East 69th Street, New York, NY 10021. Their primary mission is to foster and enhance the bonds of camaraderie and mutual respect between Italy and the United States. They achieve this goal by providing financial aid to organizations whose objectives align with this mission. In essence, they aim to promote friendship and understanding between the two nations through various educational and cultural initiatives. This commitment to beneficial and charitable purposes is a testament to their dedication to fostering a harmonious relationship between Italy and the United States.
Official website here: www.asilm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The American Society Of The Italian Legions Of Merit has achieved a 76% score, earning a Three-Star rating from Charity Navigator. This rating primarily reflects the nonprofit's accountability and finance practices, which are crucial for ensuring transparency and responsible management. The organization has received high marks for having an entirely independent board, with all 12 members being independent, and no reported material diversion of assets.
While the organization does excel in several areas, there are notable gaps in its governance frameworks. Specifically, there are missing policies for conflict of interest, whistleblower protection, and document retention and destruction. These missing policies could pose risks to transparency and ethical management and may be an area for improvement.
On a positive note, the organization effectively utilizes its funds, with a program expense ratio of 85.92%, indicating that the majority of its spending goes directly towards its mission and programs. Additionally, it maintains a strong balance sheet with no liabilities, which suggests financial stability. Overall, while the organization shows strengths in board independence and financial management, addressing the governance policy gaps would enhance its accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is American Society Of The Italian Legions Of Merit legitimate?
American Society Of The Italian Legions Of Merit is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Society Of The Italian Legions Of Merit 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.
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Official website here: www.asilm.org
What is the mission statement of American Society Of The Italian Legions Of Merit?
The American Society of the Italian Legions of Merit aims to reinforce the bonds of camaraderie and mutual understanding between Italy and the United States. This is achieved through the organization's commitment to charitable and beneficial purposes, as well as active participation in educational and cultural activities. By providing grants to organizations that share this mission, the society further strengthens the ties between the two nations. The primary objective of the American Society of the Italian Legions of Merit is to foster a deeper connection and appreciation for both cultures.
Official website here: www.asilm.org
Who is the CEO of American Society Of The Italian Legions Of Merit?
Alan A D'Ambrosio is the President of American Society Of The Italian Legions Of Merit.
Official website here: www.asilm.org
What is the revenue of American Society Of The Italian Legions Of Merit?
American Society Of The Italian Legions Of Merit's revenue in 2022 was $42,100.
Official website here: www.asilm.org
Who are the executives of American Society Of The Italian Legions Of Merit and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.asilm.org
Where can I find the form 990 for American Society Of The Italian Legions Of Merit?
American Society Of The Italian Legions Of Merit's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asilm.org
Learn more at the official website: www.asilm.org
Mission Statement of American Society Of The Italian Legions Of Merit
The American Society of the Italian Legions of Merit is dedicated to strengthening the bonds of camaraderie and mutual understanding between Italy and the United States. To accomplish this mission, the organization engages in beneficial and charitable pursuits, as well as participates in educational and cultural activities. By doing so, the American Society of the Italian Legions of Merit seeks to foster a sense of unity and amity between the two nations. Grants are awarded to organizations whose objectives align with this aim of enhancing the relationship between Italy and the United States.
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Impact
August, 2024
The American Society Of The Italian Legions Of Merit's impact is notable in strengthening the ties of friendship and understanding between Italy and the United States. Through its grants provided to organizations with missions aligned with furthering these ties, the society contributes to fostering a deepened relationship between the two countries. Additionally, by engaging in beneficial and charitable purposes, educational activities, and cultural events, the society plays a vital role in promoting a mutual appreciation of each other's cultures and histories. Overall, the society's efforts have a positive impact on enhancing the bond between Italy and the United States.
This information is meant to be a general summary of American Society Of The Italian Legions Of Merit. 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.
- Gross Receipts: $42,100
Assets and Liabilities:
- Total Assets: $49,541
- Total Liabilities: $0
- Net Assets: $49,541
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Organization Details
Founding Year
1965
Phone
(212) 682-8811Principal Officer
Alan A D'Ambrosio
Main Address
Eight East 69th Street, New York, NY, 10021
Website
www.asilm.orgNTEE Category
Code: A23 - Arts
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