Overview
What is Nutley Unico Inc?
Nutley Unico Inc is a nonprofit organization dedicated to preserving and celebrating the culture and heritage of Italian immigrant ancestors. Based on the provided information, their primary activities include hosting meetings, organizing programs, and providing miscellaneous services. The organization additionally supports higher education by offering scholarships and academic awards to promising individuals. Nutley Unico Inc's mission is to honor, perpetuate, and disseminate the Italian immigrant heritage, promoting its values and traditions. Their work is essential in upholding the rich cultural legacy of Italian descendants and empowering deserving individuals through educational opportunities.
Official website here: www.nutlyunico.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 66%)
Nutley Unico Inc has received a two-star rating from Charity Navigator, indicating that it requires improvements in certain operational areas. The overall score of 66% highlights some organizational strengths, such as having a fully independent board and no material diversion of assets. These factors contribute positively to its accountability and transparency.
However, the organization has notable limitations, particularly in its governance practices. It lacks a whistleblower policy and a document retention and destruction policy, both of which are essential for ensuring proper oversight and accountability. Additionally, the organization did not provide its tax form on its website, which limits accessibility to financial information for potential donors and stakeholders.
Despite these shortcomings, Nutley Unico Inc maintains a solid program expense ratio of 56.01%, suggesting that a significant portion of its funds is directed towards its programs. Addressing the identified gaps in governance and transparency could enhance its overall effectiveness and public trust in the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Nutley Unico Inc legitimate?
Nutley Unico Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nutley Unico Inc 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: $0
For more financial information, click here
Official website here: www.nutlyunico.org
What is the mission statement of Nutley Unico Inc?
Nutley Unico Inc, as a nonprofit organization, is dedicated to honoring, preserving, and promoting the culture and ethnic heritage of Italian immigrant ancestors. They achieve this by providing support for higher education. Their activities include organizing meetings and programs, as well as offering miscellaneous services. One of their key initiatives is providing scholarships and academic awards to encourage and assist deserving individuals in their educational pursuits.
Official website here: www.nutlyunico.org
Who is the CEO of Nutley Unico Inc?
Thomas Sposato is the Treasurer of Nutley Unico Inc.
Official website here: www.nutlyunico.org
What is the revenue of Nutley Unico Inc?
Nutley Unico Inc's revenue in 2022 was $83,667.
Official website here: www.nutlyunico.org
Who are the executives of Nutley Unico Inc and what are their salaries?
There 135 volunteers at Nutley Unico Inc.
Here are 6 key members and their salaries:
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Official website here: www.nutlyunico.org
Where can I find the form 990 for Nutley Unico Inc?
Nutley Unico Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nutlyunico.org
Learn more at the official website: www.nutlyunico.org
Mission Statement of Nutley Unico Inc
Nutley Unico Inc, as a nonprofit corporation, is committed to honoring, preserving, and promoting the culture and ethnic heritage of Italian immigrant ancestors. Their mission is to achieve this by supporting higher education. Nutley Unico Inc accomplishes this by organizing meetings and programs, as well as offering various services. Beyond this, the organization provides scholarships and academic awards to assist deserving individuals in their educational pursuits. In essence, Nutley Unico Inc strives to celebrate and uphold the heritage of Italian immigrants while simultaneously aiding in the educational advancement of individuals.
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Impact
October, 2024
Nutley Unico Inc plays a significant role in preserving and promoting the cultural and ethnic heritage of Italian immigrants. By offering scholarships and academic awards, the organization supports individuals in their pursuit of higher education, ensuring that the legacy and values of their ancestors are honored and continued. Through meetings, programs, and various services, Nutley Unico fosters a strong sense of community while celebrating Italian traditions and contributions. Its activities not only benefit recipients of educational support but also enhance cultural awareness within the broader community in Nutley, NJ.
This information is meant to be a general summary of Nutley Unico Inc. 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: $29
- Gross Receipts: $134,395
Assets and Liabilities:
- Total Assets: $85,440
- Total Liabilities: $0
- Net Assets: $85,440
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Organization Details
Founding Year
1959
Phone
(201) 447-1919Principal Officer
Thomas Sposato
Main Address
PO BOX 43, NUTLEY, NJ, 07110
Website
www.nutlyunico.orgNTEE Category
Code: B82 - Education
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