National Italian American Foundation Inc
- Assets
- $13.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Washington, DC
- Founding
- 12/1976
- Data as of
- 12/2021
- 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 12/2022, National Italian American Foundation Inc employed 12 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 12/2021, National Italian American Foundation Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, National Italian American Foundation Inc has awarded 39 individual grants totaling $704,650. 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
2021
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 $720K 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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter J Arduini Vice Chairman Of Fund Development | OfficerTrustee | 3 | $0 |
Kenneth J Aspromonte Vice Chairman International | OfficerTrustee | 3 | $0 |
Maria Bartiromo At Large Members Of Executive Committee | Trustee | 0.3 | $0 |
Capri S Cafaro Board Member | Trustee | 0.3 | $0 |
John F Calvelli Executive Vice Chair | OfficerTrustee | 3 | $0 |
Linda R Carlozzi ESQ Evp, Scholarships & Grants | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Omni Shoreham Hotel Venue For Niaf's Fall Galas, Normally He | 12/30/22 | $385,102 |
Glen Oaks Club Venue For Niaf's Annual New York Golf Ou | 12/30/22 | $141,163 |
Encore Decor Inc Provides Audio Visual And Lighting For N | 12/30/22 | $131,160 |
Adp Inc Provides Payroll Services For Niaf And A | 12/30/22 | $127,158 |
Arizona Biltmore Venue For Niaf's Phoenix Regional Gala; | 12/30/22 | $114,452 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,748,898 |
| Investment income | $229,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $261,593 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,132,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $250,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $155,335 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $801,600 |
| Pension plan accruals and contributions | $58,237 |
| Other employee benefits | $90,424 |
| Payroll taxes | $64,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $132,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,501 |
| Fees for services: Other | $64,488 |
| Advertising and promotion | $23,981 |
| Office expenses | $220,043 |
| Information technology | $112,787 |
| Royalties | $0 |
| Occupancy | $98,964 |
| Travel | $28,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400,851 |
| Interest | $8,560 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,223 |
| Insurance | $24,120 |
| All other expenses | $0 |
| Total functional expenses | $3,142,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,659 |
| Savings and temporary cash investments | $2,510,204 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,468,955 |
| 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 | $105,171 |
| Investments—publicly traded securities | $7,435,263 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,341,285 |
| Accounts payable and accrued expenses | $157,444 |
| Grants payable | $0 |
| Deferred revenue | $8,000 |
| 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 | $500,183 |
| Total liabilities | $665,627 |
| Net assets without donor restrictions | $2,011,582 |
| Net assets with donor restrictions | $10,664,076 |
| 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 | $12,675,658 |
Grants Awarded
Over the last fiscal year, National Italian American Foundation Inc has awarded $43,800 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF CALANDRA INSTITUTE FND PURPOSE: GRANT FOR 2022 EDITION OF THE ITALIAN DIASPORA STUDIES SUMMER SEMINAR | $6,000 |
I AM BOOKS PURPOSE: GRANT FOR OUR VOYAGE: ITALIAN AMERICAN STORIES VIRTUAL SERIES | $6,000 |
ITALIC INSTITUTE OF AMERICA INC PURPOSE: GRANT TO SUPPORT THE PUBLICATION AND RESEARCH FOR PROJECT ITALIA | $6,000 |
THE FISHERMANS FEAST PURPOSE: NIAF SPONSORSHIP FOR 112TH FISHERMAN'S FEAST OF BOSTON | $6,500 |
PAIDEIA INSTITUTE FOR HUMANISTIC STUDY PURPOSE: 2022 NIAF SCHOLARSHIP FOR ITALIAN AMERICAN STUDENTS TO LIVING LATIN IN ROME HIGH SCHOOL | $9,300 |
ITALIAN WELFARE LEAGUE PURPOSE: SPONSORSHIP OF ITALIAN WELFARE LEAGUE LUNCHEON | $10,000 |