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The Italian American Club Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411440206 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

Overview

What is The Italian American Club Foundation?

The Italian American Club Foundation is a nonprofit organization that plays a significant role in its community by offering scholarships and grants to deserving individuals and eligible charitable organizations. This philanthropic entity follows a rigorous application process to ensure that the awarded funds are utilized effectively. Qualifying charitable organizations can receive grants as exempt under sections 170, demonstrating the foundation's commitment to community development. The primary mission of The Italian American Club Foundation is to foster educational growth and support various charitable causes within its community.


Official website here: www.italianamericanclubofnempls.org/

Is The Italian American Club Foundation legitimate?

The Italian American Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Italian American Club 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.

Here are some key statistics you may want to consider:

Executive Compensation: $1,201
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.italianamericanclubofnempls.org/

What is the mission statement of The Italian American Club Foundation?

The Italian American Club Foundation's mission is centered around providing financial aid in the form of scholarships and grants. They select eligible individuals and charitable organizations through a rigorous application process. Once selected, qualifying charitable organizations receive the grants, benefiting from exemptions under sections 170. The foundation aims to contribute positively to the community by offering educational and financial support.


Official website here: www.italianamericanclubofnempls.org/

Who is the CEO of The Italian American Club Foundation?

Bob Brama is the President of The Italian American Club Foundation.


Official website here: www.italianamericanclubofnempls.org/

What is the revenue of The Italian American Club Foundation?

The Italian American Club Foundation's revenue in 2022 was $501,293.


Official website here: www.italianamericanclubofnempls.org/

Who are the executives of The Italian American Club Foundation and what are their salaries?

The average compensation at The Italian American Club Foundation during 2022 was $57. There are 21 employees at The Italian American Club Foundation.

Here are 11 key members and their salaries:

    William Scalise (Gaming Chairman) [Trustee/Director]
  • Compensation: $76,671
  • Related: $0
  • Other: $0

    • Peter Chiodo (Treasurer) [Trustee/Director]
  • Compensation: $7,200
  • Related: $0
  • Other: $0

    • Nick Villella (Director)
  • Compensation: $5,550
  • Related: $0
  • Other: $0

    • Bob Brama (President) [Trustee/Director]
  • Compensation: $2,850
  • Related: $0
  • Other: $0

    • Dean Bona (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Teresi (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Chiodo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Drews (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Molinaro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Brama (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Ranallo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.italianamericanclubofnempls.org/

    Where can I find the form 990 for The Italian American Club Foundation?

    The The Italian American Club Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.italianamericanclubofnempls.org/

    Learn more at the official website: www.italianamericanclubofnempls.org/

    Mission Statement of The Italian American Club Foundation

    The Italian American Club Foundation, a esteemed organization, is dedicated to awarding scholarships and grants to deserving individuals and charitable organizations within the community. The foundation employs a rigorous application process to identify qualified candidates, and those charitable organizations that meet the criteria are granted funds as exempt entities under sections 170. By providing these financial resources, the Italian American Club Foundation aims to contribute positively to the well-being and development of its community.

    Impact

    This information is meant to be a general summary of The Italian American Club Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The Italian American Club Foundation's impact is significant in providing scholarships and grants to individuals and charitable organizations in the community. Through its support, the Foundation helps deserving individuals pursue their educational goals and assists charitable organizations in furthering their missions. The scholarships and grants provided by the Foundation play a crucial role in supporting education and community development in Minneapolis, MN, making a positive impact on many lives.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $31,578
  • Program Service Revenue: $1,887
  • Gross Receipts: $13,052,177

    • Assets and Liabilities:
  • Total Assets: $1,085,103
  • Total Liabilities: $4,225
  • Net Assets: $1,080,878
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    BANQUET SPONSORSHIP

    Revenue

    $1,887

    Organization Details

    Founding Year

    1982

    Principal Officer

    Bob Brama

    Main Address

    2221 CENTRAL AVE NE, MINNEAPOLIS, MN, 55418

    NTEE Category

    Code: B280 - Education

    If you are a representative of The Italian American Club Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.