Casa Belvedere the Italian Cultural Foundation Inc

Nonprofit profile at a glance

EIN
264411728
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Staten Island, NY, USA
Phone
7182737660
Rating
73
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Cultural, Ethnic Awareness

Official website

Reported finances

Revenue
$2,470,765
Expenses
$1,776,374
Assets
$10,920,728
Liabilities
$2,534,463

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • GINA BIANCARDI (PRESIDENT)

Highest reported compensation

  • GINA BIANCARDI (PRESIDENT): $150,000 total reported compensation
  • JAMES PAONE (DIRECTOR OF OPERATIONS): $150,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Casa belvedere, the italian cultural foundation, inc. Was organized to encourage an appreciation of the italian language, culture, arts, music, literature, history, fashion, cinema and cuisine through educational programs, exhibits and cultural events.

What it reported doing in 2025

In 2025, casa belvedere received contributions to organize the construction, renovation and operation of the italian cultural center, where programs such as italian cooking, language classes and other cultural events are conducted.

Operating model

Revenue model
Donor-supported. 63% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 75
  • Accountability: 90
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.7%; rating input score 57
  • Program expense ratio: 77%; rating input score 77
  • Fundraising efficiency: $6.75 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 30.8%; rating input score 31; 17th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 17th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 28.1%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 6.15; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 16.9%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 17.5% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 10.8% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 12.9% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 56.7% of revenue deployed · 77% of spending went to programs
  • Governance: 5 of 6 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.4M in reported program spending
  • Leadership: top reported pay $150K · 14 people listed
  • Highest-paid contractors: 1 contractor listed · $179K reported
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • Moderate — Transparency & Controls: Grant itemization coverage scored 31/100.
  • High — Financial Efficiency: Fundraising efficiency scored 22/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.