Federation of Italian-American Organizations of Brooklyn

Legal name: Federation of Italian-american Organizations of Brooklyn Ltd

Nonprofit profile at a glance

EIN
112507910
IRS 990 coverage
2012–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Brooklyn, NY, US
Phone
(718) 259-2828
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Islam
Affiliation
Islam

Official website

Reported finances

Revenue
$8,100,049
Expenses
$7,856,899
Assets
$18,338,200
Liabilities
$516,782

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • HON PASQUALINO RUSSO ESQ (PRESIDENT)

Highest reported compensation

  • NANCY SOTTILE (EXECUTIVE DI): $179,093 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Building Strong Communities. Access to social services, resources, and assistance available Il Centro Community Center. Honoring our Italian Heritage. Preserving the legacy of the Brooklyn Columbus Day Parade.

What it reported doing in 2024

Ii centro multi-cultural center is the first italian-american multi- cultural community center in New York, located in southern brooklyn. It is a multi-level 44,000 square foot facility outfitted with a modern, state of the art swimming pool, a gymnasium, fitness center equipment, and technology. Ii centro serves youth, adult, and families, about 3,600 of whom are regular members. Information on membership can be found at www.fiaobrooklyn.org. The center operates during the week with varying hours: monday: 6:00 am - 9:00 pm tuesday: 6:00 am - 10:00 pm wednesday: 6:00 am - 9:00 pm thursday: 6:00 am - 10:00 pm friday: 6:00 am - 9:00 pm saturday: 8:00 am - 7:00 pm sunday: 8:00 am - 5:00 pm please be aware that the center is closed on specific public holidays.

Operating model

Revenue model
Grant-funded. 68% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 66
  • Accountability: 90
  • Sustainability: 58
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.6%; rating input score 95
  • Program expense ratio: 97.5%; rating input score 98
  • Fundraising efficiency: $125.27 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 2.33; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 11.8% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 5.9% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 19th percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site · 3 operating locations identified
  • Where the money goes: 94.6% of revenue deployed · 97.5% of spending went to programs
  • Governance: 16 of 16 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $7.7M in reported program spending
  • Leadership: top reported pay $179K · 18 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 44/100.