Overview
What is National Italian American Foundationinc?
The National Italian American Foundationinc is a nonprofit organization headquartered in Washington D.C., specifically at 1860 19TH STREET NW. This esteemed foundation encourages and supports the involvement of Italian Americans in public life, providing them with a national platform. The NIAF is dedicated to preserving and promoting Italian American culture and heritage. To this end, they offer a range of educational and youth programs. These include scholarships and grants for students at various levels, focusing on areas such as general undergraduate studies, women's studies, Italian language, communications, and more. Additionally, they have heritage travel programs and mentoring opportunities. The NIAF also has a public policy speakers program and works towards advancing U.S.-Italy relations. In 20XX, they awarded approximately $720,000 through grants, scholarships, and other educational programs. The foundation is led by a team of 12 dedicated individuals.
Official website here: www.niaf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94%
The National Italian American Foundation (NIAF) has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The foundation boasts a high Accountability & Finance score of 94%, reflecting its effective management of resources and adherence to best practices in governance. Key strengths include a fully independent board of directors and comprehensive financial oversight, which together ensure transparency and ethical operations.
The foundation's financial performance is notable, with a low liabilities-to-assets ratio of 6.90%, indicating strong financial stability. Furthermore, NIAF excels in fundraising efficiency, requiring only $0.03 to raise a dollar, which is indicative of effective fundraising strategies. Its program expense ratio of 64.48% suggests that a significant portion of its expenses is directed towards fulfilling its mission, although there may be room for improvement in maximizing program spending.
Overall, while the NIAF demonstrates robust financial management and governance practices, stakeholders might consider focusing efforts on increasing the program expense ratio to further enhance its impact. The organization's strong policies on conflict of interest and document retention also reinforce its commitment to maintaining high ethical standards.
This AI summary has been generated from information found on Charity Navigator.
Is National Italian American Foundationinc legitimate?
National Italian American Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Italian American Foundationinc 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: $1,089,059
For more financial information, click here
Official website here: www.niaf.org
What is the mission statement of National Italian American Foundationinc?
The National Italian American Foundation (NIAF) is a nonprofit, nonpartisan educational organization that encourages and supports the involvement of Italian Americans in public life. Its mission is to promote Italian American culture and heritage, acting as a resource within the Italian American community. The foundation offers various educational and youth programs, such as scholarships, grants, heritage travel, and mentoring, to nurture the next generation. Additionally, NIAF has a public policy speakers program and works towards strengthening U.S.-Italy relations.
Official website here: www.niaf.org
Who is the CEO of National Italian American Foundationinc?
Robert E Carlucci is the Vice Chairman Of Fund Development of National Italian American Foundationinc.
Official website here: www.niaf.org
What is the revenue of National Italian American Foundationinc?
National Italian American Foundationinc's revenue in 2022 was $5,078,647.
Official website here: www.niaf.org
Who are the executives of National Italian American Foundationinc and what are their salaries?
The average compensation at National Italian American Foundationinc during 2022 was $90,755. There are 12 employees and 35 volunteers at National Italian American Foundationinc.
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Official website here: www.niaf.org
Where can I find the form 990 for National Italian American Foundationinc?
National Italian American Foundationinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.niaf.org
Learn more at the official website: www.niaf.org
Mission Statement of National Italian American Foundationinc
The National Italian American Foundation (NIAF) serves as a nonprofit, nonpartisan educational organization dedicated to promoting Italian American culture and heritage. This esteemed foundation acts as a resource within the Italian American community, offering a variety of educational and youth programs. Some of these programs include scholarships, grants, heritage travel, and mentoring opportunities. Furthermore, the NIAF hosts a Public Policy Speakers Program, aiming to engage and educate the public on various issues. In addition to its cultural and educational initiatives, the NIAF also seeks to advance U.S.-Italy relations, playing a significant role in fostering mutual understanding and cooperation between the two nations.
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Impact
July, 2024
National Italian American Foundationinc's impact can be seen in its dedication to encouraging and supporting the role of Italian Americans in public life. Through scholarships, grants, and other education programs, the foundation has awarded approximately $720,000 to students at the college and graduate levels. These scholarships and grants cover a wide range of categories such as general undergraduate studies, women's studies, Italian language, communications, and more.
Additionally, the foundation serves as a vital resource in the Italian American community, offering educational and youth programs including heritage travel, mentoring, and a public policy speakers program. By promoting Italian American culture and heritage, the National Italian American Foundationinc helps advance US-Italy relations and contribute to the enrichment of society.
This information is meant to be a general summary of National Italian American Foundationinc. 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: $271,939
- Program Service Revenue: $2,249,683
- Gross Receipts: $7,523,146
Assets and Liabilities:
- Total Assets: $12,404,032
- Total Liabilities: $856,302
- Net Assets: $11,547,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GALA DINNER
Revenue
$1,363,233
SPECIAL PROJECTS
Revenue
$648,228
EDUCATION DEPARTMENT
Revenue
$163,617
PUBLICATIONS REVENUE
Revenue
$59,770
OTHER
Revenue
$14,835
Organization Details
Founding Year
1975
Phone
(202) 387-0600Principal Officer
Robert E Carlucci
Main Address
1860 19TH STREET NW, WASHINGTON, DC, 200095501
Website
www.niaf.orgNTEE Category
Code: A230 - Arts
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