NATIONAL ITALIAN AMERICAN FOUNDATIONINC

EIN: 521071723 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$4,821,757
Total Expenses
$5,515,847
Total Assets
$12,234,364
Net Assets
$11,436,169
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
DC
Principal Officer
ROBERT V ALLEGRINI
Phone
2023870600
Tax Period
2023-01-01 to 2023-12-31

NATIONAL ITALIAN AMERICAN FOUNDATIONINC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.8M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $5.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE FOUNDATION PROVIDES ALL ITALIAN AMERICANS WITH A NATIONAL HEADQUARTERS DEDICATED TO ENCOURAGING AND SUPPORTING THEIR ROLE IN PUBLIC LIFE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,343,745
Program Service Revenue $2,253,508
Investment Income $224,504
Other Revenue $0
TOTAL REVENUE $4,821,757

Expense Breakdown

Grants Paid $793,972
Salaries & Benefits $1,468,960
Fundraising Expenses $100,825
Program Expenses $3,594,150
Other Expenses $3,252,915
TOTAL EXPENSES $5,515,847

Year-over-Year Comparison

2023 2022 Change
Revenue $4,821,757 $5,078,647 -0.1%
Expenses $5,515,847 $4,855,978 +0.1%
Net Income $-694,090 $222,669 -4.1%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
50
Independent Members
50
Employees
12
Volunteers
29

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
11
$0
Total Directors
50
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER J ARDUINI VICE CHAIRMAN OF FUND DEVE 3.00
Officer Director
$0 $0 $0
KENNETH J ASPROMONTE VICE CHAIRMAN INTERNATIONA 3.00
Officer Director
$0 $0 $0
MARIA BARTIROMO AT LARGE MEMBERS OF EXECUT 0.30
Director
$0 $0 $0
CAPRI S CAFARO BOARD MEMBER 0.30
Director
$0 $0 $0
JOHN F CALVELLI EXECUTIVE VICE CHAIR 3.00
Officer Director
$0 $0 $0
LINDA R CARLOZZI ESQ EVP, SCHOLARSHIPS & GRANTS 3.00
Officer Director
$0 $0 $0
ROBERT E CARLUCCI CHAIRMAN 3.00
Officer Director
$0 $0 $0
PAOLO CATALFAMO BOARD MEMBER 0.30
Director
$0 $0 $0
MIKE A FERGUSON AT LARGE MEMBERS OF EXECUT 0.30
Director
$0 $0 $0
FRANK GIORDANO EVP OF GOVERNMENT RELATION 3.00
Officer Director
$0 $0 $0
ANTONIO GIORDANO MD AT LARGE MEMBERS OF EXECUT 0.30
Director
$0 $0 $0
GERARD S LAROCCA EVP OF NATIONAL MEMBERSHIP 3.00
Officer Director
$0 $0 $0
JOSEPH D LONARDO ESQ GENERAL COUNSEL 3.00
Officer Director
$0 $0 $0
ANITA BEVACQUA MCBRIDE VICE CHAIR NATIONAL 3.00
Officer Director
$0 $0 $0
JOSEPH H MOGLIA BOARD MEMBER 0.30
Director
$0 $0 $0
JOHN P ROSA BOARD MEMBER 0.30
Director
$0 $0 $0
LOUIS E TOSI ESQ AT LARGE MEMBERS OF EXECUT 0.30
Director
$0 $0 $0
PATRICIA DE STACY HARRISON BOARD MEMBER 0.30
Director
$0 $0 $0
NICHOLAS R CAIAZZO ESQ BOARD MEMBER 0.30
Director
$0 $0 $0
GEORGE M SIMEONE TREASURER 3.00
Officer Director
$0 $0 $0
ANTHONY S DISANDRO JR SECRETARY 1.30
Officer Director
$0 $0 $0
ALFONSO RUFFO BOARD MEMBER 0.30
Director
$0 $0 $0
ANTONIO DE MATTEIS BOARD MEMBER 0.30
Director
$0 $0 $0
JOSEPH V DEL RASO ESQ BOARD MEMBER 0.30
Director
$0 $0 $0
DANIEL M DILELLA BOARD MEMBER 0.30
Director
$0 $0 $0
JOSEPH D GULINO BOARD MEMBER 0.30
Director
$0 $0 $0
FRANK MATTEI BOARD MEMBER 0.30
Director
$0 $0 $0
DINO F PETRONGOLO BOARD MEMBER 0.30
Director
$0 $0 $0
CARL SCHRAMM BOARD MEMBER 0.30
Director
$0 $0 $0
ALAN A DAMBROSIO ESQ BOARD MEMBER 0.30
Director
$0 $0 $0
AURELIO DE LAURENTIIS BOARD MEMBER 0.30
Director
$0 $0 $0
DOMINIC CAGLIOTI BOARD MEMBER 0.30
Director
$0 $0 $0
GERARD V CENTIOLI BOARD MEMBER 0.30
Director
$0 $0 $0
ANDREA DELFINI BOARD MEMBER 0.30
Director
$0 $0 $0
JANET M DIFIORE BOARD MEMBER 0.30
Director
$0 $0 $0
DEBRA DIMAGGIO ESQ BOARD MEMBER 0.30
Director
$0 $0 $0
MICHAEL MATURO BOARD MEMBER 0.30
Director
$0 $0 $0
MASSIMO PETRONE BOARD MEMBER 0.30
Director
$0 $0 $0
PETER RIGUARDI BOARD MEMBER 0.30
Director
$0 $0 $0
GARY J SILVI BOARD MEMBER 0.30
Director
$0 $0 $0
NICK SINATRA BOARD MEMBER 0.30
Director
$0 $0 $0
GIOVANNI COLAVITA BOARD MEMBER 0.30
Director
$0 $0 $0
FUCSIA NISSOLI FITZGERALD BOARD MEMBER 0.30
Director
$0 $0 $0
JOSEPH GUCCIONE BOARD MEMBER 0.30
Director
$0 $0 $0
STEFANO LUCCHINI BOARD MEMBER 0.30
Director
$0 $0 $0
CHARLES LYNCH BOARD MEMBER 0.30
Director
$0 $0 $0
KENNETH REALI BOARD MEMBER 0.30
Director
$0 $0 $0
PATRICK SALVI BOARD MEMBER 0.30
Director
$0 $0 $0
JOHN SILVESTRI BOARD MEMBER 0.30
Director
$0 $0 $0
ANGELO VIVOLO BOARD MEMBER 0.30
Director
$0 $0 $0
ROBERT V ALLEGRINI PRESIDENT 40.00
Highest
$328,116 $62,284 $390,400
GERALDINE JONES CHIEF OF STAFF 40.00
Highest
$167,622 $30,378 $198,000
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
2024 No data No data No data No data
2023 $4,821,757 $5,515,847 $12,234,364 $-694,090
2022 $5,078,647 $4,855,978 $12,404,032 $222,669
2021 $5,132,952 $3,142,101 $13,341,285 $1,990,851
2020 $2,585,652 $2,213,507 $11,046,552 $372,145
2019 $3,677,213 $4,371,912 $10,323,040 $-694,699
2018 $3,571,563 $4,215,841 $10,040,453 $-644,278
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