Overview
What is Italian American Club Of Livonia Charitable Foundation?
The Italian American Club of Livonia Charitable Foundation is a generous nonprofit organization situated in Livonia, Michigan. With a primary focus on education, they provide financial aid in the form of scholarships to 11 deserving students, who will later attend colleges yet to be specified. By offering these scholarships, the foundation actively contributes to the betterment of the Italian-American community's educational opportunities. Their benevolent efforts aim to empower and support the next generation of Italian-American scholars.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Italian American Club Of Livonia Charitable Foundation has received a 73% score, which translates to a Two-Star rating focused primarily on Accountability & Finance. The rating indicates that while the organization maintains a majority of independent board members and demonstrates a low ratio of liabilities to assets, there are notable gaps in key governance policies, such as a lack of a conflict of interest policy and whistleblower policy.
Strengths include a solid program expense ratio of 80.98%, suggesting that a significant portion of its financial resources is directed toward programmatic activities rather than administrative costs. Furthermore, the organization has documented its board meeting minutes effectively, which adds to its accountability credentials.
However, the absence of essential policies and the missing website link on the tax form highlight areas needing improvement. These limitations may affect the overall transparency and governance practices, which are critical for donor trust and organizational effectiveness. Addressing these issues could enhance the organization's rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Italian American Club Of Livonia Charitable Foundation legitimate?
Italian American Club Of Livonia Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Italian American Club Of Livonia Charitable Foundation 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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What is the mission statement of Italian American Club Of Livonia Charitable Foundation?
The Italian American Club of Livonia Charitable Foundation is dedicated to supporting the education of the Italian American community. Their mission is clearly stated as benefiting this specific community in the realm of secondary education. To accomplish this, they provide scholarships worth $1,500 to 11 students who are pursuing their higher education at yet-to-be-determined colleges. This foundation's activities revolve around promoting educational opportunities for the Italian American community.
Who is the CEO of Italian American Club Of Livonia Charitable Foundation?
Maria Harris is the President 2022 of Italian American Club Of Livonia Charitable Foundation.
What is the revenue of Italian American Club Of Livonia Charitable Foundation?
Italian American Club Of Livonia Charitable Foundation's revenue in 2022 was $48,289.
Who are the executives of Italian American Club Of Livonia Charitable Foundation and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Italian American Club Of Livonia Charitable Foundation?
Italian American Club Of Livonia Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Italian American Club Of Livonia Charitable Foundation
The Italian American Club of Livonia Charitable Foundation is committed to enhancing the educational prospects of the Italian American community. Their primary mission is to provide financial aid in the form of scholarships for secondary education. In the recent past, they have awarded scholarships worth $1,500 to 11 students who are yet to be identified, as they are attending colleges that are still to be determined. This charitable foundation is dedicated to supporting the intellectual growth and development of the Italian American community by investing in their education.
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Impact
August, 2024
The Italian American Club Of Livonia Charitable Foundation has had a significant impact by providing $1,500 scholarships for secondary education to 11 students attending colleges to be determined. This initiative directly benefits the education of the Italian American community in Livonia, MI.
This information is meant to be a general summary of Italian American Club Of Livonia Charitable Foundation. 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: $440
- Program Service Revenue: $2,550
- Gross Receipts: $97,679
Assets and Liabilities:
- Total Assets: $126,113
- Total Liabilities: $22,965
- Net Assets: $103,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ITALIAN CLASSES
Revenue
$2,550
Organization Details
Founding Year
2001
Phone
(734) 953-1106Principal Officer
Maria Harris
Main Address
39200 FIVE MILE ROAD, LIVONIA, MI, 48154
NTEE Category
Code: A230 - Arts
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