National Italian American Foundation Inc
- Assets
- $11.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Washington, DC
- Founding
- 12/1976
- Data as of
- 12/2020
- EIN
- 52-1071723
Organization Overview
National Italian American Foundation Inc is located in Washington, DC. The organization was established in 1976. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, National Italian American Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Italian American Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, National Italian American Foundation Inc generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, National Italian American Foundation Inc has awarded 33 individual grants totaling $660,850. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES ALL ITALIAN AMERICANS WITH A NATIONAL HEADQUARTERS DEDICATED TO ENCOURAGING AND SUPPORTING THEIR ROLE IN PUBLIC LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS/ GRANTS: APPROXIMATELY $690K WAS AWARDED FOR GRANTS, SCHOLARSHIPS AND OTHER EDUCATION PROGRAMS. SCHOLARSHIPS WERE PRESENTED TO STUDENTS AT THE COLLEGE AND GRADUATE LEVELS. GRANTS WERE AWARDED FOR SUCH CATEGORIES AS GENERAL UNDERGRADUATE, WOMEN'S STUDIES, ITALIAN LANGUAGE, COMMUNICATIONS, ETC.
GALA DINNER: AN ANNUAL EVENT THAT HONORS DISTINGUISHED ITALIAN AMERICAN MEN AND WOMEN WHO HAVE MADE SUBSTANTIAL CONTRIBUTIONS TO THEIR PROFESSIONS IN SUCH FIELDS AS EDUCATION, HUMANITARIANISM, BUSINESS, ENTERTAINMENT, SCIENCE, AND SPORTS. PROCEEDS FROM THE DINNER SUPPORT NIAF'S CULTURAL, SCHOLARSHIP, AND EDUCATIONAL PROGRAMS.
MEMBER SERVICES: TIERED MEMBERSHIP PROGRAM OFFERING VARIOUS OPPORTUNITIES FOR EACH LEVEL OF MEMBERSHIP. MEMBERSHIP SUPPORT HAS ALLOWED NIAF TO EXPAND ITS MANY YOUTH PROGRAMS, SCHOLARSHIP OFFERINGS AND GRANT AWARDS TO THOUSANDS OF DESERVING ITALIAN AMERICANS THROUGHOUT THE COUNTRY.
PUBLIC POLICY: INCLUDES SEMINARS, CONFERENCES, AND NEWS INFORMATION PROJECTS DESIGNED TO ACQUAINT THE GENERAL PUBLIC WITH THE ITALIAN COMMUNITY AS REPRESENTED BY NIAF. ALSO, THE NIAF CONTINUES EFFORTS IN THE COOPERATION WITH THE EMBASSY OF ITALY IN ASSISTING ITALIAN AMERICANS INTERESTED IN OBTAINING ITALIAN CITIZENSHIP. NIAF LAUNCHED AN ONLINE SURVEY QUESTIONNAIRE TO DETERMINE ELIGIBILITY REQUIREMENTS FOR USE BY THE EMBASSY IN PROCESSING POTENTIAL APPLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geraldine Jones Chief Of Staff | 40 | $172,202 | |
Robert V Allegrini President | 40 | $147,053 | |
Linda R Carlozzi ESQ Evp, Scholarships & Grants | OfficerTrustee | 3 | $0 |
Frank Giordano Executive Vice President National | OfficerTrustee | 3 | $0 |
Joseph D Lonardo ESQ General Counsel | OfficerTrustee | 3 | $0 |
Gerard S Larocca Executive Vice President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cipriani Event Facilities | 12/30/19 | $141,375 |
The Omni Shoreham Hotel Event Facilities | 12/30/19 | $103,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,216,705 |
| Investment income | $186,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $479,391 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,585,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $159,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $52,017 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $622,577 |
| Pension plan accruals and contributions | $65,062 |
| Other employee benefits | $114,614 |
| Payroll taxes | $51,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,052 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,995 |
| Fees for services: Other | $50,253 |
| Advertising and promotion | $26,977 |
| Office expenses | $190,874 |
| Information technology | $143,720 |
| Royalties | $0 |
| Occupancy | $101,777 |
| Travel | $33,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,768 |
| Interest | $6,875 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,100 |
| Insurance | $19,061 |
| All other expenses | $0 |
| Total functional expenses | $2,213,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,621 |
| Savings and temporary cash investments | $2,592,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $433,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,773 |
| Investments—publicly traded securities | $7,082,645 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,046,552 |
| Accounts payable and accrued expenses | $151,839 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,604 |
| Total liabilities | $662,443 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $10,384,109 |
Grants Awarded
Over the last fiscal year, National Italian American Foundation Inc has awarded $273,850 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
King Of Prussia, PA PURPOSE: GRANT TO FINISH MOTHER CABRINI FILM | $100,000 |
Philadelphia, PA PURPOSE: FAUCI FELLOWSHIPS GRANT FOR DR. GUIDO GHILARDI | $50,000 |
STATE OF MARYLAND - UNIVERSITY OF MARYLAND COLLEGE PARK PURPOSE: FINAL $40,000 GRANT TO UMD FOR THE PELLEGRI SCHOLAR FELLOWSHIP, A $10,000/YEAR GRADUATE FELLOWSHIP. | $40,000 |
Marietta, GA PURPOSE: MAURIZIO GIANTURCO RESEARCH GRANT IN EDUCATIONAL MODALITIES | $15,000 |
Washington, DC PURPOSE: SPONSORSHIP OF CONCERT SERIES CELEBRATING 160TH ANNIVERSARY OF BILATERAL RELATIONS BETWEEN ITALY AND THE UNITED STATES | $10,000 |
New York, NY PURPOSE: SPONSORSHIP FOR ITALIAN WELFARE LEAGUE LUNCHEON | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Italian American Foundation Inc has recieved totaling $24,650.
| Awarding Organization | Amount |
|---|---|
La Speranza Charitable Foundation Blue Bell, PA PURPOSE: GENERAL SUPPORT | $24,650 |
Endowment Analysis
| Beg. Balance | $2,975,887 |
| Net Contributions | $40,000 |
| Ending Balance | $3,015,887 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ukraine House Dc Foundation Inc Washington, DC | $1,061,730 | $19,720,781 |
Chinese Culture And Community Service Center Inc Gaithersburg, MD | $7,709,480 | $10,886,588 |
Association Of Science-Technology Centers Incorporated Washington, DC | $7,016,883 | $7,242,482 |
National Indian Gaming Association Washington, DC | $8,458,922 | $8,172,394 |
Saudi Arabian U S Business Council Inc Vienna, VA | $3,546,346 | $2,319,248 |
Qatar-America Institute Washington, DC | $5,645,634 | $216,792 |
National Italian American Foundation Inc Washington, DC | $11,046,552 | $2,585,652 |
Arab Center Washington Inc Washington, DC | $1,324,287 | $2,306,023 |
Conquistadores Del Cielo Williamsburg, VA | $361,595 | $2,072,328 |
The International School Of Charlottesvlle Inc Charlottesville, VA | $2,986,526 | $2,354,548 |
Alliance Francaise De Washington Inc Washington, DC | $1,902,489 | $1,778,718 |
Otakorp Inc Glen Burnie, MD | $526,333 | $1,832,562 |