National Italian American Foundation Inc in Washington, District of Columbia (DC)

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National Italian American Foundation Inc
Employer Identification Number (EIN)521071723
Name of OrganizationNational Italian American Foundation Inc
Address1860 19th St Nw, Washington, DC 20009-5501
ActivitiesElimination of prejudice and discrimination (race, religion, sex, national origin, etc), Scholarships (other)
SubsectionEducational Organization
Ruling Date12/1976
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$5,000,000 to $9,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$9,806,115
Amount of Income$11,428,039
Form 990 Revenue Amount$5,662,614
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Cultural, Ethnic Awareness


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Amount of income in 2011: $11,428,039 (it was $8,861,087 in 2010)
This organization: 

 $11,428,039
Other organizations performing similar types of work: 

 $119,160

Assets in 2011: $9,806,115 (it was $10,606,340 in 2010)
This organization: 

 $9,806,115
Other organizations performing similar types of work: 

 $162,244

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$5,662,614
Contributions, Gifts, Grants and Other Similar Amounts$3,561,795
Program Service Revenue$1,493,186
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$123,110
Income from investment of tax-exempt bond proceeds$0
Royalties$14,494
Net rental income$0
Net gain from sales of assets other than inventory$470,029
Gross amount from sales of assets other than inventory (Securities / Other)$5,976,579 / $258,875
Less: cost or other basis and sales expenses (Securities / Other)$5,513,597 / $251,828
Gain or (loss) (Securities / Other)$462,982 / $7,047
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$5,592,585
Compensation of current officers, directors, trustees, and key employees$235,870
Other salaries and wages$818,548
Payroll taxes$67,037
Professional fundraising services$0
Other$4,471,130
Balance Sheet (for 2011)
Total assets$9,806,115
Total liabilities$407,769
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$407,769
Total net assets or fund balances$9,398,346
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$30,298,230
Gifts, grants, contributions, and membership fees received$22,252,304
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$7,243,772
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$802,154
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$55,001$27,649$-22,149
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$5,500$27,649$-22,149
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-22,149
Unrelated business taxable income before net operating loss deduction$-22,149
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-22,149
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Skirball Cultural Center2701 N Sepulveda Blvd, Los Angeles, CA 90049-6833CA1995-08$74,259,031
2Polynesian Cultural Center55-370 Kam Hwy, Laie, HI 96762-2113HI1941-07$59,408,950
3Japan Society Inc333 E 47th St, New York, NY 10017-2313NY1952-11$25,702,546
4Alaska Native Heritage Center Inc8800 Heritage Center Dr, Anchorage, AK 99504-6100AK1995-02$5,551,783
5National Yiddish Book Center Inc1021 West St, Amherst, MA 01002-3375MA1980-06$4,648,046
6Japanese Cultural Center Of Hawaii2454 S Beretania Street, Honolulu, HI 96826-1524HI1992-07$4,222,200
7Organized Village Of Kwethluk, Kwethluk Native Store4025 Delridge Way Sw Ste 300, Seattle, WA 98106-1279WA1949-04$2,150,517
8Ukrainian Institute Of America Inc2 E 79th St, New York, NY 10075-0106NY1954-04$2,145,977
9Celtic Fest Inc532 Main St, Bethlehem, PA 18018-5801PA1995-10$989,512
10Armenian Society Of Los Angeles117 S Louise St, Glendale, CA 91205CA1982-08$751,083
11L Alliance Francaise De Miami Inc618 Sw 8th St, Miami, FL 33130-3309FL1981-05$685,009
12Gaelic Events Club6119 147th St, Oak Forest, IL 60452-1087IL1981-09$609,423
13Providence Black Repertory Company276 Westminster St, Providence, RI 02903-3416RI1997-10$585,253
14Armenian General Benvolent Union, Group Return55 E 59th St, New York, NY 10022-1112NY1959-11$536,081
15Wishtoyo Foundation3875-A Telegraph Rd 423, Ventura, CA 93003-3422CA1988-10$473,239
16Modesto Portuguese Pentecost AssociationPO BOX 580611, Modesto, CA 95358-0011CA1982-10$472,811
17National Italian American Foundation Inc1860 19th St Nw, Washington, DC 20009-5501DC1976-12$11,428,039
18Alliance Francaise De Washington Inc2142 Wyoming Ave Nw, Washington, DC 20008-3906DC1956-10$1,944,736
19D C Caribbean Carnival Inc4809 A Georgia Ave Nw Suite 112, Washington, DC 20011DC1995-12$38,277
20American Kurdish Information Network2722 Connecticut Ave Nw Apt 42, Washington, DC 20008-5316DC1998-07$17,100
Number of organizations performing similar types of work
Alaska12
Alabama4
Arkansas1
Arizona17
California193
Colorado12
Connecticut28
District of Columbia9
Delaware7
Florida40
Georgia25
Hawaii34
Iowa6
Idaho2
Illinois47
Indiana12
Kansas7
Kentucky6
Louisiana9
Massachusetts53
Maryland33
Michigan20
Minnesota30
Missouri22
Mississippi2
Montana3
North Carolina18
North Dakota4
Nebraska1
New Hampshire3
New Jersey37
New Mexico12
Nevada5
New York120
Ohio50
Oklahoma8
Oregon15
Pennsylvania35
Rhode Island5
South Carolina2
Tennessee10
Texas72
Utah4
Virginia24
Vermont1
Washington20
Wisconsin23
West Virginia1
International1
Total1,105

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