Overview
What is Vendemmia Foundation?
Vendemmia Foundation is a nonprofit organization situated in Philadelphia, Pennsylvania, with a focus on preserving and promoting Italian heritage within the South Philadelphia community. Their mission is to uphold and celebrate Italian culture, and they strive to achieve this goal through various undisclosed activities (as per the provided data). The foundation plays a crucial role in fostering cultural awareness and appreciation within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
The Vendemmia Foundation has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of only 20%, the foundation lacks independent board members, which raises potential governance issues. While it has demonstrated some positive aspects, such as having no material diversion of assets and a conflict of interest policy in place, the absence of independent oversight is troubling.
Financially, the foundation's program expense ratio stands at 49.47%, which suggests that less than half of its expenditures are directed towards its programs. This low percentage is compounded by a liabilities to assets ratio of 2.14%, further indicating possible financial instability. The absence of critical documentation, such as its website and various policies, contributes to its low rating and may impact transparency.
Overall, the Vendemmia Foundation faces challenges in both governance and financial management, which are crucial for building trust and ensuring the effective use of donations. Prospective donors and stakeholders should carefully consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Vendemmia Foundation legitimate?
Vendemmia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vendemmia 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.
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 Vendemmia Foundation?
The Vendemmia Foundation, based in an unspecified location, is dedicated to promoting and preserving Italian heritage within the community. Their mission is to foster an appreciation and understanding of Italian culture, working to ensure its continuity and relevance for future generations. The organization's activities aim to celebrate and celebrate Italian traditions, heritage, and values, fostering a sense of pride and connection among people of Italian descent. Through various initiatives and events, the Vendemmia Foundation seeks to promote Italian culture and share it with others, fostering a sense of unity and inclusivity.
Who is the CEO of Vendemmia Foundation?
Dr Gerard V Vernose Md is the Director of Vendemmia Foundation.
What is the revenue of Vendemmia Foundation?
Vendemmia Foundation's revenue in 2022 was $10,770.
Who are the executives of Vendemmia Foundation and what are their salaries?
There 6 volunteers at Vendemmia Foundation.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Vendemmia Foundation?
Vendemmia Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vendemmia Foundation
Vendemmia Foundation, a cultural or ethnic awareness organization, is devoted to preserving and promoting Italian heritage within the community of South Philadelphia. The organization's mission is to safeguard and celebrate the rich cultural heritage of Italy, ensuring its continued relevance and significance for future generations. By carrying out various initiatives, Vendemmia Foundation seeks to foster a deep appreciation and understanding of Italian heritage, thereby enriching the cultural landscape for all.
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Impact
August, 2024
Vendemmia Foundation's impact is significant in promoting and preserving Italian heritage in the South Philadelphia community. Through their cultural and ethnic awareness activities, they contribute to fostering a greater understanding and appreciation of Italian traditions and history among community members. Their dedication to education and outreach helps to enrich the cultural fabric of the area and create lasting connections within the Italian heritage community.
This information is meant to be a general summary of Vendemmia 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: $9,620
- Gross Receipts: $81,019
Assets and Liabilities:
- Total Assets: $209,883
- Total Liabilities: $4,499
- Net Assets: $205,384
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Organization Details
Founding Year
2004
Principal Officer
Dr Gerard V Vernose Md
Main Address
1841 SOUTH BROAD STREET, PHILADELPHIA, PA, 19148
NTEE Category
Code: B82 - Education
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