Overview
What is Italian American Cultural Society?
The Italian American Cultural Society is a vibrant nonprofit organization, headquartered in Clinton Township, Michigan. Its primary mission is to foster cultural and ethnic awareness within the community at large. This is achieved through the planning, promotion, and execution of various charitable, educational, and cultural events. In the previous year, the society generated a substantial revenue of $1,171,605, demonstrating its significant impact in the community. The society's activities aim to enhance the welfare of a broad spectrum of individuals.
Official website here: www.iacsonline.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Italian American Cultural Society has received a Two-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 69%. While the organization demonstrates strong accountability through a fully independent board and a favorable liabilities to assets ratio, it has notable shortcomings. It lacks essential financial documentation, including financial statements and tax forms on its website, which significantly impacts its transparency and accountability score.
The organization's program expense ratio is commendable at 92.82%, indicating that a large proportion of its expenses goes directly towards its programs. However, the absence of critical policies such as conflict of interest and whistleblower protections raises concerns about governance practices. These factors contribute to the lower rating, highlighting areas for improvement in organizational oversight and public trust.
Overall, while the Italian American Cultural Society shows potential with effective program expenditures and a committed board, it needs to enhance its financial transparency and governance policies to improve its rating and increase stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Italian American Cultural Society legitimate?
Italian American Cultural Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Italian American Cultural Society 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
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Other Salaries and Wages: $1,198,026
For more financial information, click here
Official website here: www.iacsonline.com
What is the mission statement of Italian American Cultural Society?
The Italian American Cultural Society is dedicated to planning, promoting, and executing charitable, educational, and cultural activities that contribute positively to the community at large. Their mission is geared towards enhancing the well-being of the community as a whole through these activities. They strive to foster cultural and ethnic awareness, encouraging community engagement and understanding.
Official website here: www.iacsonline.com
Who is the CEO of Italian American Cultural Society?
Giovanni Maniaci is the President of Italian American Cultural Society.
Official website here: www.iacsonline.com
What is the revenue of Italian American Cultural Society?
Italian American Cultural Society's revenue in 2022 was $3,274,312.
Official website here: www.iacsonline.com
Who are the executives of Italian American Cultural Society and what are their salaries?
The average compensation at Italian American Cultural Society during 2022 was $17,618. There are 68 employees and 45 volunteers at Italian American Cultural Society.
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Official website here: www.iacsonline.com
Where can I find the form 990 for Italian American Cultural Society?
Italian American Cultural Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iacsonline.com
Learn more at the official website: www.iacsonline.com
Mission Statement of Italian American Cultural Society
The Italian American Cultural Society is dedicated to organizing, promoting, and executing charitable, educational, and cultural initiatives that benefit the community as a whole. Their mission is geared towards enhancing the welfare of the community at large by fostering cultural and ethnic awareness. Through their activities, they aim to make a positive impact on the community, promoting understanding and appreciation for Italian American culture.
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Impact
July, 2024
The Italian American Cultural Society has had a significant impact on promoting cultural and ethnic awareness within the community. Through its charitable, educational, and cultural activities, it has contributed to the overall welfare of the community-at-large. The organization's efforts have helped foster a greater appreciation for Italian heritage and traditions while also facilitating cross-cultural understanding and dialogue. Additionally, the society's programming and events have likely played a role in enriching the cultural landscape of Clinton Township and beyond.
This information is meant to be a general summary of Italian American Cultural Society. 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: $1,027
- Program Service Revenue: $54,504
- Gross Receipts: $3,387,187
Assets and Liabilities:
- Total Assets: $3,255,883
- Total Liabilities: $655,832
- Net Assets: $2,600,051
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMITTEE AND PROGRAM
Revenue
$54,504
Organization Details
Founding Year
1957
Principal Officer
Giovanni Maniaci
Main Address
43843 ROMEO PLANK, CLINTON TOWNSHIP, MI, 48038
Website
www.iacsonline.comNTEE Category
Code: A23Z - Arts
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