Overview
What is Salem Italian American Educational Fund?
The Salem Italian American Educational Fund is a nonprofit organization situated in Salem, Ohio. Their primary mission is to provide scholarships for high school seniors and college students, aiming to support their educational pursuits and enrich the local youth's activities. By offering these scholarships, the fund contributes to the academic growth and development of the community's young population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Star rating, Overall Score: 73%
The Salem Italian American Educational Fund has received a rating of "Needs Improvement" with an overall score of 73%. This rating indicates that while there are several strengths in the organization’s governance, there are significant areas for improvement, particularly in transparency and adherence to best practices for nonprofit management.
Strengths of the organization include a fully independent board, with all members meeting the criteria for independence. Additionally, the fund demonstrates strong management of assets and program expenses, which reflects effective financial leadership. However, there are crucial shortcomings in their transparency practices, as several essential policies and documentation are missing, including a conflict of interest policy, whistleblower policy, and information on their website.
Overall, while the Salem Italian American Educational Fund shows a commitment to strong financial governance, it needs to address its transparency deficiencies to improve its standing and accountability. Enhancing these areas will be vital for building trust with donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Italian American Educational Fund legitimate?
Salem Italian American Educational Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Italian American Educational Fund 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
What is the mission statement of Salem Italian American Educational Fund?
The Salem Italian American Educational Fund's mission is centered around providing scholarships to high school seniors and college students, aiming to support their educational pursuits. Additionally, the organization seeks to offer activities for the youth in the community. In essence, its goal is to foster the education of young individuals and enrich their extracurricular experiences.
Who is the CEO of Salem Italian American Educational Fund?
Mark Sabatino is the Sabatino of Salem Italian American Educational Fund.
What is the revenue of Salem Italian American Educational Fund?
Salem Italian American Educational Fund's revenue in 2022 was $34,630.
Who are the executives of Salem Italian American Educational Fund and what are their salaries?
There 4 volunteers at Salem Italian American Educational Fund.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Salem Italian American Educational Fund?
Salem Italian American Educational Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Salem Italian American Educational Fund
The Salem Italian American Educational Fund is an organization committed to providing scholastic opportunities for high school seniors and college students. Its primary mission is to offer financial aid, enabling these young individuals to further their education and engage in enriching activities. By doing so, the Fund seeks to contribute positively to the development of the local youth.
In essence, the Salem Italian American Educational Fund serves as a beacon of support for aspiring students, helping them overcome financial barriers and seize educational prospects. By providing scholarships, the Fund fosters a culture of learning and empowers the next generation to make a meaningful impact in their communities and beyond.
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Impact
August, 2024
The Salem Italian American Educational Fund offers valuable scholarships to high school seniors and college students, supporting them in their pursuit of education. By providing financial assistance, the organization helps these individuals achieve their academic goals and reach their full potential. Additionally, through its initiatives, the fund contributes to the enrichment and development of youth in the Salem area, offering them various activities to nurture their growth. Overall, the impact of the Salem Italian American Educational Fund is significant in empowering young individuals and fostering a culture of learning and opportunity in the community.
This information is meant to be a general summary of Salem Italian American Educational Fund. 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: -$7,625
- Gross Receipts: $401,421
Assets and Liabilities:
- Total Assets: $115,965
- Total Liabilities: $0
- Net Assets: $115,965
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Organization Details
Founding Year
2001
Phone
(330) 332-5919Principal Officer
Mark Sabatino
Main Address
P O BOX 1060, SALEM, OH, 44460
NTEE Category
Code: B82 - Education
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