Societa Garibaldina Di Mutua Beneficenza

What it reported doing in 2024

THE GARIBALDINA MB SOCIETY HOSTS A NUMBER OF MONTHLY CULTURAL EVENTS (EG. DINNERS, TOURNAMENTS, FILM SCREENINGS) AT IT'S COMMUNITY CENTER. THESE EVENTS ARE VARIOUSLY OPEN TO THE MEMBERSHIP, SUPPORTERS AND THE PUBLIC.Monthly Italian Cultural Activities: Pasta Platter Dinner Our members and the public can enjoy a casual pasta dinner, with homemade meatballs, and live entertainment. Shared meals are deeply rooted in Italian tradition and are considered a vital part of family and social life, symbolizing love, hospitality, and community. Each pasta platter dinner ends with a traditional and spirited Tarantella dance. Italian Dinner Dance Our monthly thank you to our supporters, this event is for members and their guests only. The monthly dinner dance continues to cultivate the tradition of multi-course meals of Italian fare. Music and dancing enhance the community atmosphere and are part of a celebratory Italian culture. Each monthly dinner dance has a different traditional theme; including St. Joseph Table in March, Faragosta in August, and Vendemia in September. First Friday Mixer The Garibaldina MB Society opens its unique, neighborhood-feeling Italian-American bar to members and their guests who can learn more about the society and hopefully choose to become members and supporters. La Familgia All are welcomed, members, guests, and the public, to share a traditional multi-generational Sunday night family dinner, a staple of Italian family culture. This event has special activities for the "bambini" to enjoy with grandparents, aunts, uncles, cousins and the whole family that is the Garibaldina Society. Bocce The Garibaldina MB Society is proud of our "Bocciadromo" (the only indoor bocce facility in Los Angeles County). It is open every Tuesday and Thursday (10AM-2PM), as well as varied Monday or Wednesday nights (7PM-10PM), to members and their guests. Society tournaments are held among the members, as well as competitively with other area organizations.Special Cultural Programs, and Collaborations: In addition to monthly activities, the Garibaldina MB Society presents varied cultural programs throughout the year. 2024 included the following: Pacific Opera Project (POPs) production of Don Bucefalo In collaboration with POP, the Garibaldina helped promote and host the production of this opera. It was the first time in the US a performance by Antonia Cagnoni has been played since 1867. "Il Mercato" (The Biggest Italian Holiday Cookie Party) every December, over the course of several weeks, member volunteers bake an assortment of heirloom recipe Italian cookies. Made with love in order to spread love, the cookies are available for sale to the public and many more are donated as we celebrate "Natale" as only Italians can. Bar Bene Once a quarter during 2024, a collaboration with a locally renowned chef and cultural anthropologist, the Garibaldina MB Society presented specialty Italian regional cuisine to the public. Cinema Garibaldina Revolving screenings of influential and rarely shown Italian films in our ballroom and open to the public. Semolina Workshop In December 2024 as part of quarterly educational programs, the society hosted a special culinary workshop focused on the history of milled durum wheat, AKA semolina flour. Cookbook Author Talks As part of quarterly educational programs and open to the public, Italian cookbook authors have presented their recipes while members have cooked the dishes for sampling at the seminar.

Financial Efficiency

• Mission deployment rate: 90.3%; rating input score 90
• Program expense ratio: 83.8%; rating input score 84
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -7.3%; rating input score 20; 20th percentile among comparable filings
• Total-asset coverage ratio: 0.42; rating input score 20; 20th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 61; 61st percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: 17.8% per year; rating input score 100; 79th percentile among comparable filings
• Revenue growth: 13.3% per year; rating input score 100; 75th percentile among comparable filings
• Asset growth: 4.7% per year; rating input score 100; 37th percentile among comparable filings