Overview
What is The Italian Student Loan Fund Corp?
The Italian Student Loan Fund Corp is a nonprofit organization situated in Rome, Italy, with a specific mission. This charitable entity aims to aid financially struggling Italian college graduates in pursuing postgraduate degrees in the United States. By providing financial assistance, this organization not only supports academic growth but also fosters a strong bond between Italy and the Italian American community in the USA. The corporation operates with the intention of promoting cultural exchange and friendship between these two groups.
Official website here: www.fondostudentiitaliani.it
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Italian Student Loan Fund Corp has received a Three-Star rating from Charity Navigator, reflecting its overall accountability and financial health. With a high score in program expense ratio at 100%, the organization effectively allocates its resources towards its mission. Additionally, it boasts a fully independent board, demonstrating strong governance practices in that area.
However, the organization has several areas for improvement, particularly in its governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy has affected its scores in those categories. Furthermore, the tax form is not posted on the nonprofit's website, which could hinder transparency.
Despite these limitations, the fund maintains a solid financial profile, as indicated by its low liabilities to assets ratio of 35.74%. This financial stability, combined with its commitment to program spending, positions it as a responsible organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Italian Student Loan Fund Corp legitimate?
The Italian Student Loan Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Italian Student Loan Fund Corp 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: $23,489
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.fondostudentiitaliani.it
What is the mission statement of The Italian Student Loan Fund Corp?
The Italian Student Loan Fund Corp's mission is centered around assisting financially struggling Italian college graduates in pursuing postgraduate degrees in the United States. Additionally, the organization aims to foster Italian-American friendship through its activities. By providing financial aid, it seeks to open doors for Italian students seeking advanced education in the USA, while also strengthening the bond between the Italian and American communities.
Official website here: www.fondostudentiitaliani.it
Who is the CEO of The Italian Student Loan Fund Corp?
Massimo Trentino is the President of The Italian Student Loan Fund Corp.
Official website here: www.fondostudentiitaliani.it
What is the revenue of The Italian Student Loan Fund Corp?
The Italian Student Loan Fund Corp's revenue in 2022 was $154,739.
Official website here: www.fondostudentiitaliani.it
Who are the executives of The Italian Student Loan Fund Corp and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.fondostudentiitaliani.it
Where can I find the form 990 for The Italian Student Loan Fund Corp?
The Italian Student Loan Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fondostudentiitaliani.it
Learn more at the official website: www.fondostudentiitaliani.it
Mission Statement of The Italian Student Loan Fund Corp
The Italian Student Loan Fund Corp, as a mission-driven organization, is dedicated to supporting needy Italian college graduates in their pursuit of postgraduate degrees in the United States. Beyond providing financial assistance, this nonprofit also strives to foster Italian American camaraderie. By aiding Italian college graduates in acquiring advanced degrees, the Italian Student Loan Fund Corp aims to contribute to the intellectual growth and development of the Italian American community. Additionally, the organization seeks to strengthen the connections between Italian and American cultures, thereby promoting friendship and understanding between the two communities.
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Impact
October, 2024
The Italian Student Loan Fund Corp significantly supports needy Italian college graduates by facilitating access to postgraduate education in the United States. By providing financial assistance, the organization enables these individuals to pursue advanced degrees that may otherwise be unattainable due to financial constraints. This initiative not only fosters educational advancement but also promotes cultural exchange and strengthens ties between the Italian and American communities. The focus on education helps cultivate a new generation of professionals who can contribute to both societies, enhancing collaboration and understanding between cultures. Overall, the organization plays a crucial role in empowering individuals while fostering international friendship and cooperation.
This information is meant to be a general summary of The Italian Student Loan Fund Corp. 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: $18
- Gross Receipts: $154,739
Assets and Liabilities:
- Total Assets: $1,512,137
- Total Liabilities: $589,892
- Net Assets: $922,245
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Organization Details
Founding Year
1979
Phone
(324) 079-4401Principal Officer
Massimo Trentino
Website
www.fondostudentiitaliani.itNTEE Category
Code: Q220 - International
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