Overview
What is American Italian Heritage Society Inc?
The American Italian Heritage Society Inc, situated in Omaha, Nebraska, is a nonprofit organization dedicated to fostering and celebrating Italian culture and heritage. Their primary objective is to encourage, promote, and preserve Italian traditions, values, and heritage within the community. They strive to accomplish this mission through various activities, aiming to maintain a strong connection between the Italian community and their rich cultural background.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, Two-Star out of Four Star rating
The American Italian Heritage Society Inc has received a rating of 62% from Charity Navigator, which equates to a Two-Star rating. This score indicates areas of concern regarding accountability and financial transparency. While the organization boasts a fully independent board, it falls short in several critical areas such as providing financial statements and maintaining essential policies, which limits transparency and oversight.
Strengths of the organization include a high program expense ratio of 98.01%, suggesting that the majority of its resources are directed towards its programs. Additionally, there are no reported issues with material diversion of assets, which is a positive sign of integrity in financial management. However, the absence of crucial documents like conflict of interest and whistleblower policies raises questions about governance practices.
On the downside, the lack of visibility into financial statements and a missing website link on their tax form highlights significant deficiencies in their accountability measures. Overall, while the American Italian Heritage Society Inc demonstrates commitment to its programs, it must improve its financial transparency and governance practices to enhance its standing and credibility among potential donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is American Italian Heritage Society Inc legitimate?
American Italian Heritage Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Italian Heritage Society 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: $16,140
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of American Italian Heritage Society Inc?
The American Italian Heritage Society, serving as a cultural or ethnic awareness organization, is committed to fostering, promoting, and safeguarding Italian heritage. Their mission is geared towards encouraging and preserving the rich cultural heritage that originates from Italy, thereby promoting its significance and continuity in various contexts.
Who is the CEO of American Italian Heritage Society Inc?
Terry Bolamperti is the President of American Italian Heritage Society Inc.
What is the revenue of American Italian Heritage Society Inc?
American Italian Heritage Society Inc's revenue in 2022 was $535,451.
Who are the executives of American Italian Heritage Society Inc and what are their salaries?
The average compensation at American Italian Heritage Society Inc during 2022 was $8,070. There are 2 employees at American Italian Heritage Society Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for American Italian Heritage Society Inc?
American Italian Heritage Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Italian Heritage Society Inc
The American Italian Heritage Society is a dedicated organization that strives to motivate, elevate, and safeguard Italian heritage. With a strong mission, this nonprofit aims to foster a sense of Italian cultural and ethnic awareness. By encouraging, promoting, and preserving Italian heritage, the American Italian Heritage Society seeks to enrich and enlighten individuals, fostering a deeper appreciation and understanding of Italian traditions and values.
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Impact
July, 2024
The American Italian Heritage Society Inc has had a significant impact on the community by encouraging, promoting, and preserving Italian heritage in Omaha, NE. Through their cultural events and educational programs, they have helped raise awareness about Italian traditions, art, and history. This has not only enriched the local community's cultural landscape but has also fostered a sense of belonging and pride among Italian Americans in the area. Additionally, their efforts in preserving Italian heritage ensure that future generations will continue to appreciate and celebrate the rich cultural heritage of Italy. Overall, the American Italian Heritage Society Inc plays a vital role in preserving and promoting Italian heritage in the Omaha community.
This information is meant to be a general summary of American Italian Heritage Society 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: $28
- Program Service Revenue: $535,423
- Gross Receipts: $535,451
Assets and Liabilities:
- Total Assets: $3,881,384
- Total Liabilities: $2,176,060
- Net Assets: $1,705,324
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Income
Revenue
$400,183
Rental Income
Revenue
$115,441
Menbership Dues
Revenue
$11,815
Miscellaneous Income
Revenue
$7,984
Organization Details
Founding Year
1981
Phone
(402) 341-9562Principal Officer
Terry Bolamperti
Main Address
5110 N 132nd Street, OMAHA, NE, 68164
NTEE Category
Code: A23 - Arts
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