Overview
What is San Gennaro Foundation Seattle?
San Gennaro Foundation Seattle is a nonprofit establishment, established in 2013, situated in the Seattle area. Its primary purpose is to celebrate and honor the significant impacts of Italians and Italian-Americans, while upholding the rich cultural heritage of their ancestors. The foundation achieves this by organizing events, including the San Gennaro Fest, which serves as a fundraising platform. The profits earned from these events are then channeled back into the community to aid those in need, in line with St. Gennaro, the Patron Saint of Naples' commitment to assisting people.
Official website here: www.sangennarofestivalseattle.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Stars)
The San Gennaro Foundation Seattle has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board and has shown no material diversion of assets, several critical governance policies are missing, which adversely impacts its overall rating.
Strengths of the foundation include a strong liabilities to assets ratio of 0.00%, indicating a good financial position. Additionally, the program expense ratio of 65.45% suggests that a majority of its funds are directed toward its programs. However, the absence of a conflict of interest policy, whistleblower policy, and other essential governance documents raises concerns about transparency and accountability.
The lack of critical documents, such as the nonprofit's tax form on its website, further contributes to its low rating. These gaps in governance policies could hinder trust among potential donors and the community, suggesting that improvements are necessary to enhance the foundation's credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is San Gennaro Foundation Seattle legitimate?
San Gennaro Foundation Seattle is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Gennaro Foundation Seattle submitted a form 990EZ, 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.
Official website here: www.sangennarofestivalseattle.org
What is the mission statement of San Gennaro Foundation Seattle?
The San Gennaro Foundation Seattle, established in 2013, commemorates the significant contributions of Italians and Italian Americans to their wider community. As a non-profit organization, its mission is to pay homage to St. Gennaro, the Patron Saint of Naples, and his dedication to aiding those in need. The foundation achieves this objective by organizing events, such as the San Gennaro Fest, and donating any earned profits to the community. The foundation's activities are centered around celebrating Italian heritage while giving back to the community in need.
Official website here: www.sangennarofestivalseattle.org
Who is the CEO of San Gennaro Foundation Seattle?
Angela Koumriqian is the President of San Gennaro Foundation Seattle.
Official website here: www.sangennarofestivalseattle.org
What is the revenue of San Gennaro Foundation Seattle?
San Gennaro Foundation Seattle's revenue in 2022 was $64,613.
Official website here: www.sangennarofestivalseattle.org
Who are the executives of San Gennaro Foundation Seattle and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sangennarofestivalseattle.org
Where can I find the form 990EZ for San Gennaro Foundation Seattle?
San Gennaro Foundation Seattle's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.sangennarofestivalseattle.org
Learn more at the official website: www.sangennarofestivalseattle.org
Mission Statement of San Gennaro Foundation Seattle
The San Gennaro Foundation Seattle, established in 2013, serves as a tribute to the significant impact Italians and Italian Americans have had on the greater Seattle area. This non-profit organization's mission is twofold: to celebrate this heritage and to honor St. Gennaro, the Patron Saint of Naples, who is renowned for his compassion towards those in need. To achieve this, the foundation organizes events, such as the San Gennaro Fest, and utilizes the earnings from these events to give back to the community. The foundation's charity work reflects its dedication to upholding the values and spirit of St. Gennaro.
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Impact
August, 2024
San Gennaro Foundation Seattle's impact is significant in celebrating the contributions of Italians and Italian Americans to the greater Seattle area while sharing the rich culture of their ancestors. By honoring St. Gennaro, the Patron Saint of Naples, and his commitment to helping people in need, the foundation raises money through events like the San Gennaro Fest and gives back to the community with any profits earned. Through their efforts, they not only showcase Italian heritage but also support charitable causes, making a positive difference in Kent, WA.
This information is meant to be a general summary of San Gennaro Foundation Seattle. 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.
- Program Service Revenue: $40,299
- Gross Receipts: $64,613
Assets and Liabilities:
- Total Assets: $25,779
- Total Liabilities: $0
- Net Assets: $25,779
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Organization Details
Phone
(206) 451-7036Principal Officer
Angela Koumriqian
Main Address
19255 80TH AVE W, KENT, WA, 98032
NTEE Category
Code: A23 - Arts
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