Overview
What is Festa Italia Foundation?
The Festa Italia Foundation, based in Monterey, California, is a nonprofit organization with a significant mission. Positioned at PO Box 3165, Monterey, CA 93942, this organization annually hosts an Italian cultural celebration in honor of the city's historical fishing community. Their core objective is to promote and preserve Italian heritage, tradition, and culture within the Monterey community. Through this celebrated event, they provide an abundance of Italian food, drink, and entertainment, allowing locals to immerse themselves in the romance and charm of Italy.
Official website here: www.festaitaliamonterey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34%
The Festa Italia Foundation has received a Zero-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The overall score is primarily derived from a low Accountability & Finance score of 34%, indicating potential issues in governance and fiscal health.
A critical observation is the lack of independent board members, which is a vital factor in ensuring impartial oversight. The organization scored 0% in this area, and while it has policies in place for whistleblowing and document retention, the absence of board meeting minutes and the failure to post its tax form on its website suggest transparency concerns.
On the financial side, the foundation's liabilities to assets ratio stands at 0.50%, and its program expense ratio is only 36.47%, both of which are below acceptable standards. These metrics imply that a significant portion of the foundation's resources may not be directed towards its programs, raising questions about its operational effectiveness and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Festa Italia Foundation legitimate?
Festa Italia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Festa Italia 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
Official website here: www.festaitaliamonterey.org
What is the mission statement of Festa Italia Foundation?
The Festa Italia Foundation's mission is centered around promoting Italian heritage, tradition, and culture. They accomplish this by organizing an annual Italian cultural celebration, which is held in a specific location, although the information does not specify that. This event is a significant celebration for the community, featuring Italian food, drinks, and entertainment, serving as a platform to share the rich Italian heritage and the romantic charm of Italy.
Official website here: www.festaitaliamonterey.org
What is the revenue of Festa Italia Foundation?
Festa Italia Foundation's revenue in 2023 was $54,446.
Official website here: www.festaitaliamonterey.org
Who are the executives of Festa Italia Foundation and what are their salaries?
There 400 volunteers at Festa Italia Foundation.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.festaitaliamonterey.org
Where can I find the form 990 for Festa Italia Foundation?
Festa Italia Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.festaitaliamonterey.org
Learn more at the official website: www.festaitaliamonterey.org
Mission Statement of Festa Italia Foundation
The Festa Italia Foundation, a nonprofit organization, is dedicated to preserving and celebrating Italian heritage, tradition, and culture. One of its primary activities involves planning and executing an annual Italian cultural festival in Monterey, California. This event serves as a tribute to the local fishing community of Monterey, honoring their past and present contributions. The festival offers a variety of Italian food, drink, and entertainment, allowing the community to immerse themselves in the rich Italian culture and history. By organizing this event, the Festa Italia Foundation aims to share the romance and charm of Italy, which has deeply influenced Monterey's identity.
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Impact
October, 2024
The Festa Italia Foundation significantly enriches the cultural landscape of Monterey, California by celebrating Italian heritage, tradition, and culture. Through its annual Italian cultural celebration, it pays tribute to the local fishermen—both past and present—who have played a crucial role in the area's history.
This vibrant event features a diverse array of Italian food, drink, and entertainment, effectively showcasing the rich cultural tapestry of Italy. By fostering community engagement and pride in Italian heritage, the foundation not only contributes to the local economy but also creates a sense of belonging. The festivities inspire appreciation for Italian art and traditions, ultimately enhancing the cultural identity of Monterey and promoting a deeper understanding of the Italian community's impact on the region.
This information is meant to be a general summary of Festa Italia 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 2023.
- Investment Income: $320
- Gross Receipts: $291,791
Assets and Liabilities:
- Total Assets: $400,982
- Total Liabilities: $2
- Net Assets: $400,980
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Organization Details
Founding Year
1997
Principal Officer
Joseph Cardinalli
Website
www.festaitaliamonterey.orgNTEE Category
Code: A200 - Arts
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