NOIA FOUNDATION

EIN: 341864487 501(c)(3) Human Services

CLEVELAND, OH

Total Revenue
$640,078
Total Expenses
$426,657
Total Assets
$6,240,510
Net Assets
$6,231,820
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
OH
Principal Officer
UMBERTO P FEDELI
Phone
2162291346
Tax Period
2023-07-01 to 2024-06-30

NOIA FOUNDATION, founded in 1995, is a small nonprofit in the Human Services sector that reported $640K in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 33% operating margin.

Mission

TO PRESERVE AND ENHANCE OUR ITALIAN CULTURE AND HISTORY; TO DEVELOP UNITY AND GOODWILL IN OUR COMMUNITY AND TO SUPPORT INITIATIVES ASSOCIATED WITH THE PERPETUATION OF THE ITALIAN AMERICAN HERITAGE, CULTURE, IDEALS, AND VALUES.

Program Service Accomplishments

Program 1
Expenses: $135,131

EVENTS ARE AN IMPORTANT ASPECT OF THE FOUNDATION. FOOD, FRIENDS AND BREAKING BREAD IS WHAT WE EXCEL IN. RELATIONSHIPS ARE PART OF WHO WE ARE. MONTHLY, MEMBERS GATHER FOR DINNER IN OUR DINING NIGHT...

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EVENTS ARE AN IMPORTANT ASPECT OF THE FOUNDATION. FOOD, FRIENDS AND BREAKING BREAD IS WHAT WE EXCEL IN. RELATIONSHIPS ARE PART OF WHO WE ARE. MONTHLY, MEMBERS GATHER FOR DINNER IN OUR DINING NIGHT OUT SERIES. WE HOST THESE DINNERS THROUGHOUT THE CITY. JULY 17 - ANNUAL GOLF OUTING 108 GOLFERS PARTICIPATED IN OUR OUTING AT SANDRIDGE GOLF CLUB. THE AFTERNOON WAS GREAT- CLEAR AND SUNNY- A PERFECT DAY FOR GOLF. WE WERE ABLE TO RAISE $27,500 FOR JULIE BILLIART SCHOOLS.(CONTINUED ON SCHEDULE O)JULY 25- NEW MEMBERS RECEPTION25 OUT OF 38 NEW MEMBERS JOINED US FOR LUNCH AND WERE WELCOMED TO NOIA AT CHAIRMAN UMBERTO FEDELI'S OFFICE. JULY 28- PROSPECT EVENT 62 PEOPLE GATHERED AT UMBERTO AND MARYELLEN FEDELI'S HOME FOR A PROSPECT EVENT. WE ASKED OUR MEMBERS TO HELP US WITH BRINGING NEW PROSPECTS TO THE EVENT AS A WAY TO OUTREACH. WE'RE HAPPY TO SAY WE HAD 7 NEW MEMBERS AT THIS EVENT. AUGUST 9- LIQUOR TASTING 16 PEOPLE GATHERED AT CAF ARNONE IN AKRON TO TRY VARIOUS LIQUORS. WE HAD THE TEAM AT THE FACILITY EXPLAIN THE DIFFERENT VARIETALS AND WHAT FOOD PAIRED WELL WITH THE CHOICES. MEMBERS WERE ABLE TO PURCHASE THE SELECTIONS AS WELL. SEPTEMBER 7- BOCCE NIGHT 64 PEOPLE ATTENDED OUR ANNUAL BOCCE NIGHT AT THE ALTA HOUSE IN LITTLE ITALY. IT WAS A FUN NIGHT OF COMPETITION, LAUGHTER AND PIZZA FROM MAXI'S. TEAM CORSI/ CAMPELLONE WON THE TOURNAMENT.SEPTEMBER 20- BOARD MEETING, ANNUAL MEETING AND DINNER 16 BOARD MEMBERS GATHERED BEFORE THE ANNUAL MEETING TO REVIEW THE FINANCIALS AND MEET WITH BVU ON OUR STRATEGY FOR BOARD DEVELOPMENT. 91 MEMBERS ATTENDED OUR ANNUAL MEETING HELD AT GORDON GREENS. WE SHARED OUR SCHOLARSHIP UPDATE WITH THE MEMBERSHIP AND REVIEWED THE STATE OF THE FOUNDATION. OCTOBER 9 - COLUMBUS DAY 95 PROUD ITALIAN AMERICANS FEASTED TOGETHER ON NIDO ITALIA'S PATIO FOR OUR TRADITIONAL COLUMBUS DAY LUNCHEON IN LITTLE ITALY, FOLLOWING THE ANNUAL PARADE. OCTOBER 25- MEET AND GREET 15 MEMBERS AND AN EQUAL NUMBER OF PROSPECTIVE MEMBERS GATHERED ON THE PATIO OF MAXI'S TO MEET CURRENT MEMBERS AND TO HEAR MORE ABOUT THE FOUNDATION. WE WELCOMED 3 NEW MEMBERS TO THIS EVENT. NOVEMBER 12- SERVICE EVENT 10 MEMBERS GATHERED AT THE CLEVELAND RONALD MCDONALD HOUSE TO MAKE A PASTA DINNER FOR THE RESIDENTS. DECEMBER 14 - PIER W CHRISTMAS PARTY 207 GUESTS CELEBRATED THE HOLIDAY SEASON AT PIER W FOR OUR ANNUAL EVENT ONE OF THE FOUNDATION'S FAVORITES.JANUARY 25 - COOKING WITH ANTHONY18 COUPLES JOINED US FOR A VIRTUAL COOKING CLASS WITH ANTHONY QUAGLIATA. THE ONLINE ZOOM EVENT INCLUDED SOME GREAT RECIPES AND OUR FAVORITE CHEESE DISHES FROM MICELI'S DAIRY COMPANY.JANUARY 27- SERVICE EVENT 17 MEMBERS GATHERED AT THE WEST SIDE CATHOLIC CENTER TO HELP THE COMMUNITY SHOP FOR GROCERIES. AFTERWARDS, THE GROUP VISITED THEIR PIZZA SHOP FOR LUNCH. FEBRUARY 17TH - GLASS BLOWING 14 MEMBERS AND THEIR GUESTS GATHERED AT THE GLASS BLOWING PROJECT IN OHIO CITY TO LEARN ABOUT THE CRAFT AND TO CREATE THEIR OWN PIECE. MARCH 7- LA FESTA DELLA DONNA 15 WOMEN OF NOIA CELEBRATED INTERNATIONAL WOMEN'S DAY AT BOOST WELLNESS IN HIGHLAND HEIGHTS. THE EVENT INCLUDED A TOUR OF THE FACILITY AND DISCUSSION ON HEALTH. MARCH 16- LIMONCELLO MAKING40 PEOPLE GATHERED AT OUR NEW OFFICES TO MAKE LIMONCELLO - A FOUNDATION FAVORITE. IT WAS THE FIRST EVENT IN OUR NEW SPACE.APRIL 18 - PROSPECT EVENT 40 GUESTS GATHERED AT MAXI'S IN LITTLE ITALY TO DISCUSS NOIA AND MEET PROSPECTIVE MEMBERS OF THE FOUNDATION. WE ARE HAPPY TO HAVE WELCOMED 5 NEW MEMBERS.APRIL 24- NETWORKING EVENT22 MEMBERS GATHERED AT ADCOM TO HEAR FROM LONG TIME MEMBER MARIO CIANO. HE SPOKE ABOUT GROWING UP IN ITALY AND HIS HERITAGE. DINNER WAS PROVIDED BY ANTHONY QUAGLIATA.MAY 23- AMICI DINNER 33 MEMBERS JOINED US AT OUR NEW OFFICES FOR DINNER WITH OUR AMICI'S. THIS IS ANOTHER WAY FOR OUR NEW MEMBERS TO CONNECT WITH THE MEMBERSHIP AND MEET OTHERS FROM THE FOUNDATION. ALL EVENTS ARE PROMOTED ON OUR SOCIAL MEDIA AND WEBSITE. VISIT OUR PAGES FOR PHOTOS FROM THESE EVENTS.

Program 2
Expenses: $185,000

IN FISCAL 2024, WE ENTERED OUR THIRD YEAR OF THE LEGACY FUND. THE PURPOSE OF THIS FUND ALLOWS PHILANTHROPIC DOLLARS AND VOLUNTEER OUTREACH TO GO DIRECTLY TOWARDS SUPPORTING AND PRESERVING GREATER...

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IN FISCAL 2024, WE ENTERED OUR THIRD YEAR OF THE LEGACY FUND. THE PURPOSE OF THIS FUND ALLOWS PHILANTHROPIC DOLLARS AND VOLUNTEER OUTREACH TO GO DIRECTLY TOWARDS SUPPORTING AND PRESERVING GREATER CLEVELAND'S MOST VISIBLE AND VITAL PILLARS OF OUR ITALIAN AMERICAN HERITAGE. THE FIRST PILLAR IS OUR ITALIAN PARISHES. OUR FUND SUPPORTED HOLY REDEEMER, HOLY ROSARY, OUR LADY OF MT. CARMEL, AND ST. ROCCO. BELOW SUMMARIZES HOW THE PARISHES ALLOCATED THEIR GIFTED MONEY: HOLY REDEEMER: 100TH ANNIVERSARY CELEBRATIONS OF THE PARISH.(CONTINUED ON SCHEDULE O)HOLY ROSARY: NEW AIR CONDITIONING AND REPAIRS TO THE HEATING SYSTEM BOILER PIPES. OUR LADY OF MT. CARMEL: CHURCH PARKING LOT REPAIRS.ST. ROCCO: SECURITY SYSTEM FOR THE DAILY MASS AND UPDATES TO PARISH OFFICE MONITORS. THE SECOND PILLAR IS OUR HIGH SCHOLARSHIP PROGRAM. WE OFFER OUR LEADERSHIP SCHOLARSHIP TO ITALIAN AMERICAN STUDENTS WHO DEMONSTRATE A PASSION FOR GIVING BACK, HELPING OTHERS, AND TAKING AN ACTIVE ROLE IN ENSURING OUR LOCAL ITALIAN AMERICAN COMMUNITY CONTINUES TO THRIVE. OUR 4 YEARS/$5,000 ANNUAL AND RENEWABLE SCHOLARSHIP ENCOURAGES EDUCATIONAL ACHIEVEMENT, CULTURAL EXPERIENCES, LEADERSHIP, AND SERVICE-VALUES THAT ARE IMPORTANT TO NOIA AND THE ITALIAN AMERICAN COMMUNITY. WE HAVE STUDENT RECIPIENTS FROM ARCHBISHOP HOBAN, ELYRIA CATHOLIC, PADUA FRANCISCAN, ST. IGNATIUS, NDCL, SAINT VINCENT SAINT MARY, SAINT JOSEPH ACADEMY AND WALSH JESUIT HIGH SCHOOLS.IN OUR JUNIOR AND SOPHOMORE CLASSES HAVE FOUR STUDENTS EACH. OUR FRESHMEN CLASS HAS NINE STUDENTS. THE THIRD PILLAR IS CLEVELAND'S LITTLE ITALY. WE ARE CONTINUING TO REINVEST IN OUR LOCAL AND HISTORICAL ITALIAN NEIGHBORHOOD. WE ARE DEDICATED TO ENSURING SAFE SURROUNDINGS FOR OUR VISITORS AND WANT TO SEE A THRIVING ENVIRONMENT FOR A PLACE THAT MANY NATIVE ITALIANS CALL HOME. DOLLARS WERE USED FOR OUR BEAUTIFICATION OF THE NEIGHBORHOOD AND EXECUTING DECISIONS FOR THE AREA. THE FOURTH PILLAR IS OUR RESPONSIVE GRANTS. THESE GRANTS SEEK TO ADVANCE ITALIAN INFLUENCED ARTISTIC AND COMMUNITY VENTURES THAT ALIGN WITH OUR MISSION. THIS YEAR WE WERE ABLE TO SUPPORT TOBAR MEDIEVAL - A SMALL BAND OF VOICES AND INSTRUMENTS DEDICATED TO BRINGING MEDIEVAL MUSIC TO MODERN AUDIENCES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $317,641
Program Service Revenue $0
Investment Income $330,280
Other Revenue $-7,843
TOTAL REVENUE $640,078

Expense Breakdown

Grants Paid $185,000
Salaries & Benefits $0
Fundraising Expenses $33,215
Program Expenses $320,131
Other Expenses $241,657
TOTAL EXPENSES $426,657

Year-over-Year Comparison

2023 2022 Change
Revenue $640,078 $354,688 +0.8%
Expenses $426,657 $334,681 +0.3%
Net Income $213,421 $20,007 +9.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
46

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
42
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY ALEXANDER BOARD MEMBER 0.00
Director
$0 $0 $0
NICHOLAS ALEXANDER EXECUTIVE COMMITTEE 0.00
Officer Director
$0 $0 $0
BRUNO BERARDI BOARD MEMBER 0.00
Director
$0 $0 $0
RICHARD BUONCORE BOARD MEMBER 0.00
Director
$0 $0 $0
MICHAEL CANCELLIERE BOARD MEMBER 0.00
Director
$0 $0 $0
BOB CASARONA BOARD MEMBER 0.00
Director
$0 $0 $0
LAUREN CASARONA BOARD MEMBER 0.00
Director
$0 $0 $0
JULIUS CIACCIA VICE CHAIR 0.00
Officer Director
$0 $0 $0
CHARLES CIUNI BOARD MEMBER 0.00
Director
$0 $0 $0
RON CORDARO EXECUTIVE COMMITTEE 0.00
Officer Director
$0 $0 $0
ANTHONY DIGERONIMO BOARD MEMBER 0.00
Director
$0 $0 $0
VICTOR DIGERONIMO SR BOARD MEMBER 0.00
Director
$0 $0 $0
ROCCO DILILLO BOARD MEMBER 0.00
Director
$0 $0 $0
FREDERICK DISANTO BOARD MEMBER 0.00
Director
$0 $0 $0
LORRAINE DODERO SECRETARY 0.00
Officer Director
$0 $0 $0
UMBERTO P FEDELI CHAIRMAN 0.00
Officer Director
$0 $0 $0
TERRENCE FERGUS BOARD MEMBER 0.00
Director
$0 $0 $0
ALDO FILIPPELLI BOARD MEMBER 0.00
Director
$0 $0 $0
DELAINA FINELLI BOARD MEMBER 0.00
Director
$0 $0 $0
SAM FOTI BOARD MEMBER 0.00
Director
$0 $0 $0
LISA GIGANTI EXECUTIVE COMMITTEE 0.00
Officer Director
$0 $0 $0
ELIZABETH JULIANO BOARD MEMBER 0.00
Director
$0 $0 $0
ANGELO LAPERNA BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID LAPUMA BOARD MEMBER 0.00
Director
$0 $0 $0
ALICIA MAZZI BOARD MEMBER 0.00
Director
$0 $0 $0
SEAN MELLINO BOARD MEMBER 0.00
Director
$0 $0 $0
JOE MICELI BOARD MEMBER 0.00
Director
$0 $0 $0
JOHN MICELI BOARD MEMBER 0.00
Director
$0 $0 $0
SALVATORE MILETI TREASURER 0.00
Officer Director
$0 $0 $0
MARIO MORINO BOARD MEMBER 0.00
Director
$0 $0 $0
ANTHONY PANZICA BOARD MEMBER 0.00
Director
$0 $0 $0
ANGELO PETITTI SR BOARD MEMBER 0.00
Director
$0 $0 $0
JAMES PILLA BOARD MEMBER 0.00
Director
$0 $0 $0
JOHN QUAGLIATA BOARD MEMBER 0.00
Director
$0 $0 $0
LOUIS RIPEPI JR BOARD MEMBER 0.00
Director
$0 $0 $0
CLAIRE ROSACCO BOARD MEMBER 0.00
Director
$0 $0 $0
WILLIAM SCALA BOARD MEMBER 0.00
Director
$0 $0 $0
JOSEPH SCAMINACE BOARD MEMBER 0.00
Director
$0 $0 $0
PETER SPITALIERI BOARD MEMBER 0.00
Director
$0 $0 $0
GEORGEANNE VARTORELLA BOARD MEMBER 0.00
Director
$0 $0 $0
DOMINIC VISCONSI SR BOARD MEMBER 0.00
Director
$0 $0 $0
SEAN WENGER BOARD MEMBER 0.00
Director
$0 $0 $0
N/A EXECUTIVE DIRECTOR 0.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $640,078 $426,657 $6,240,510 $213,421
2023 $354,688 $334,681 $5,491,064 $20,007
2022 $416,231 $280,964 $4,940,135 $135,267
2021 $365,664 $197,909 $5,618,145 $167,755
2020 $393,758 $180,159 $4,251,009 $213,599
2019 $492,949 $282,944 $4,047,157 $210,005
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