The Cleveland Italian Scholarship Club
Nonprofit profile at a glance
- EIN
- 341719346
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Cleveland, OH, USA
- Phone
- 2166214044
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $21,715
- Expenses
- $10,954
- Assets
- $133,539
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- STEVEN A CALABRESE (PRESIDENT)
People named in this filing
- STEVEN A CALABRESE (PRESIDENT)
- DAVID FORTUNATO (SECRETARY)
- JOHN W YELSIK (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose is to raise funds from its membership to enable the association to provide college scholarships/grants to college students attending a qualified four (4) year accredited institution.
What it reported doing in 2024
The purpose is to raise funds from its membership to enable the association to provide college scholarships/grants to college students attending a qualified four (4) year accredited institution. Further, during most months of the year there are dinner meetings held to raise additional funds and conduct the business of the association. Qualified candidates for these scholarships/grants are interviewed and members of the association have educational seminars at these meetings. Various educators within the locale of the association have also been invited in for their information. Six annual four (4) year scholarships were awarded in 2024 for a total 2024 expenditure of 9,000.00.
Operating model
- Revenue model
- Membership-supported. 64% of the money available for current operations came from membership dues.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 82
- Sustainability: 77
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.5%; rating input score 52
- Program expense ratio: 82.2%; rating input score 82
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 49.6%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 12.19; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: -22.7% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 51.5% of revenue deployed · 82.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $9K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- 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 52/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.