Noia Foundation EIN 34-1864487 Form 990 (PDF) Claim this org

Noia Foundation FY2022 filing

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Preserves and promotes Italian American culture and ideals through programs and projects. For fiscal year 2022 it reported $416K in revenue, $281K in expenses, and $4.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Cleveland, OH
Website
www.noiafoundation.com
Filings
5 on file (2021–2022)
Revenue
$416KFY2022
Expenses
$281K
Net assets
$4.9M
People
46
Filings
5
Updates
0
More identity details & actions ⌄
EIN  34-1864487 Public charity (501(c)(3)) Cleveland, OH
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Preserves and promotes Italian American culture and ideals through programs and projects.
Leadership
Anthony Alexander · Board Member
Money in and out
$416K revenue, $281K expenses
Bottom line
93% program efficiency
Where the money goes · FY2022
Total revenue
$416K
Pt VIII · Ln 12
Total expenses
$281K
Pt IX · Ln 25
Net assets
$4.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $135K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.06 Fundraising $0.01
Program efficiency
93%
of spending reaches programs
Operating runway
211.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$416K
FY2022▲ +14%
Expenses
$281K
FY2022▲ +42%
Total assets
$4.9M
FY2022▼ -12%
Total liabilities
$13K
FY2022▲ +88%
Total revenue
$416K
Pt VIII · Ln 12
Total expenses
$281K
Pt IX · Ln 25
Net assets
$4.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$135K
Total assetsPt X · Ln 16$4.9M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 345
Independent voting membersPt I · Ln 445

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNoia Foundation
EINHdr · item D34-1864487
Principal addressHdr · item CCleveland, OH
WebsiteHdr · item Jwww.noiafoundation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P30)
Ruling yearIRS BMFDec 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a45
Independent voting membersPt VI · Ln 1b45
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Noia Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

2 program services account for $262K of program spending, described in the organization's own filed words · FY2021.
01

In july, we were able to get back to in person events, while still taking precautions for the health of our members. We also launched our new noia dining night out in october. Each month, members gathered at a different selected italian restaurants in the greater cleveland area for an informal DINNER.JULY 19 - annual golf outing 96…

$144Kprogram expense
02

In fiscal 22, we kicked off our new legacy fund. This project allows philanthropic dollars and volunteer outreach to go directly towards supporting and preserving greater cleveland's most visible and vital pillars of our italian american heritage. The first pillar is our italian parishes.

$118Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$287K · 69%
Investment income$156K · 37%
Contributions & grants69%$287K
Investment income37%$156K
Total revenueLn 12$416K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.06 Fundraising $0.01
Program services93%$262K
Management & general6%$16K
Fundraising1%$4K
Total functional expensesLn 25$281K

Balance Sheet

Part X · end of year
CashLn 1$19K
Total assetsLn 16$4.9M
Total liabilitiesLn 26$13K
Total net assetsLn 32$4.9M
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.9M · Operating expenses/yr $281K
211.0 months
Where the money goes
Program services
Program services $262K · Total expenses $281K
93%
Management & General
Management & general $16K · Total expenses $281K
6%
Fundraising
Fundraising $4K · Total expenses $281K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $5K · Solicited contributions (2-yr avg) $278K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $287K · Total revenue $416K
69%
Government reliance
Government grants — · Total revenue $416K
Earned-income share
Program service revenue $0 · Total revenue $416K
0%
Investment reliance
Investment income $156K · Total revenue $416K
+37%
Program self-sufficiency
Program service revenue $0 · Total expenses $281K
0%
Growth & trend
Revenue growth (YoY)
This year $416K · Prior year $366K
+14%
Net-asset trend (YoY)
End of year $4.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $416K · Expenses $281K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $4.9M
Net-asset ratio
Net assets $4.9M · Total assets $4.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.7M · Other securities (Pt X, ln 12) $270K · Total assets (Pt X, ln 16) $4.9M
100%
People & payroll
Highest Reported Total Compensation
Individual Anthony Alexander · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $281K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $281K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 6%
Fundraising cost ratio 1%
Revenue growth 14%
Investment management fee ratio <0.01%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 46 grants · $686K · 2020–2024
Walsh Jesuit High SchoolFY2024$25,000
Elyria Catholic High SchoolOH · FY2024$17,412
St Vincent - St Mary'sFY2024$15,000
St Joseph AcademyOH · FY2024$15,000
Notre Dame - Cathedral LatinFY2024$15,000
Gilmour Academy INCOH · FY2024$10,000
Holy Redeemer ParishOH · FY2024$10,000
Holy Rosary ParishOH · FY2024$10,000
St Rocco ParishOH · FY2024$10,000
Our Lady of Mt Carmel ParishOH · FY2024$10,000
Walsh Jesuit High SchoolFY2023$15,000
See all 46 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$962K revenue · ⤓ 990 PDF
FY2024$640K revenue · ⤓ 990 PDF
FY2023$355K revenue · ⤓ 990 PDF
FY2022$416K revenue · viewing · ⤓ 990 PDF
FY2021$366K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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