Overview
What is Fondazione Italia?
Fondazione Italia, established in Los Angeles, California, serves as a nonprofit organization devoted to promoting and fostering the Italian language and culture. They offer extracurricular Italian classes and workshops for both children and adults, supplementing these educational opportunities with the sale of textbooks. The primary mission of Fondazione Italia is to support the teaching of the Italian language and culture, engaging a dedicated team of 13 individuals in its pursuit.
Official website here: www.italianfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Star rating)
Fondazione Italia has received a low rating of 54%, indicating significant concerns regarding its accountability and financial practices. The organization lacks independent board members, with a score of 0% in that category, which raises questions about governance and oversight. While it has no reported material diversion of assets and maintains a reasonable liabilities to assets ratio, the absence of essential policies like conflict of interest and whistleblower protections is notable.
Strengths include a relatively high program expense ratio of 68.34%, suggesting that a majority of its funds are directed towards its programs. However, critical governance practices are lacking, with no independent board members and several missing policies that are crucial for transparency and ethical management. Additionally, the organization has not posted its tax forms on its website, which may hinder public access to important financial information.
Overall, while Fondazione Italia demonstrates some positive financial metrics, its governance weaknesses and lack of accountability measures significantly impact its overall effectiveness and transparency as a nonprofit organization. It may be necessary for potential donors and supporters to consider these factors before engaging with the charity.
This AI summary has been generated from information found on Charity Navigator.
Is Fondazione Italia legitimate?
Fondazione Italia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fondazione Italia 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: $132,137
For more financial information, click here
Official website here: www.italianfoundation.org
What is the mission statement of Fondazione Italia?
Fondazione Italia's mission is centered around promoting and fostering the education of the Italian language and culture. They achieve this by offering extracurricular Italian classes and workshops for both children and adults. Additionally, the organization sells textbooks to aid in language learning. The primary goal is to spread Italian linguistic and cultural knowledge worldwide.
Official website here: www.italianfoundation.org
Who is the CEO of Fondazione Italia?
Paolo Miliozzi is the President/Secretary of Fondazione Italia.
Official website here: www.italianfoundation.org
What is the revenue of Fondazione Italia?
Fondazione Italia's revenue in 2022 was $199,155.
Official website here: www.italianfoundation.org
Who are the executives of Fondazione Italia and what are their salaries?
The average compensation at Fondazione Italia during 2022 was $10,164. There are 13 employees at Fondazione Italia.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.italianfoundation.org
Where can I find the form 990 for Fondazione Italia?
Fondazione Italia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.italianfoundation.org
Learn more at the official website: www.italianfoundation.org
Mission Statement of Fondazione Italia
Fondazione Italia is committed to advocating for and fostering the teaching of the Italian language and culture. This nonprofit organization strives to achieve this mission by offering a variety of extracurricular Italian classes and workshops for both children and adults. Additionally, Fondazione Italia sells textbooks to cater to the learning needs of its students. The goal of this organization is to promote and preserve the Italian language and culture, providing opportunities for individuals to learn and appreciate its rich heritage.
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Impact
October, 2024
Fondazione Italia significantly enhances the cultural landscape in Los Angeles by promoting and supporting the teaching of the Italian language and culture. Through a range of extracurricular Italian classes and workshops tailored for both children and adults, it fosters a deeper understanding and appreciation for Italian heritage. This engagement not only enriches individual lives but also strengthens community ties among those with a shared interest in Italy's rich traditions.
Additionally, the foundation provides resources such as textbooks, making learning more accessible and effective. By creating a vibrant environment for language acquisition, Fondazione Italia plays a crucial role in preserving Italian culture and encouraging its appreciation among diverse audiences. Its impact extends beyond education, contributing to the cultural diversity and richness of the Los Angeles community.
This information is meant to be a general summary of Fondazione Italia. 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: $35
- Program Service Revenue: $198,584
- Gross Receipts: $199,155
Assets and Liabilities:
- Total Assets: $141,115
- Total Liabilities: $51,052
- Net Assets: $90,063
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENROLLMENT INCOME
Revenue
$184,365
SALE OF TEXTBOOKS
Revenue
$14,219
Organization Details
Founding Year
1998
Phone
(310) 739-9350Principal Officer
Paolo Miliozzi
Main Address
10940 WILSHIRE BLVD 600, LOS ANGELES, CA, 90024
Website
www.italianfoundation.orgNTEE Category
Code: B99 - Education
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