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

Noia Foundation FY2023 filing

Not yet claimed Claim this org →

Preserves and promotes Italian American culture and ideals through programs and projects. For fiscal year 2023 it reported $355K in revenue, $335K in expenses, and $5.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Cleveland, OH
Website
www.noiafoundation.com
Filings
5 on file (2021–2023)
Revenue
$355KFY2023
Expenses
$335K
Net assets
$5.5M
People
43
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 FY2023 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Noia Foundation claims this page.

Know this organization? Claim it to add your story

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
$355K revenue, $335K expenses
Bottom line
88% program efficiency
Where the money goes · FY2023
Total revenue
$355K
Pt VIII · Ln 12
Total expenses
$335K
Pt IX · Ln 25
Net assets
$5.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $20K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.04 Fundraising $0.07
Program efficiency
88%
of spending reaches programs
Operating runway
196.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$355K
FY2023▼ -15%
Expenses
$335K
FY2023▲ +19%
Total assets
$5.5M
FY2023▲ +11%
Total liabilities
$27K
FY2023▲ +112%
Total revenue
$355K
Pt VIII · Ln 12
Total expenses
$335K
Pt IX · Ln 25
Net assets
$5.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$20K
Total assetsPt X · Ln 16$5.5M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 342
Independent voting membersPt I · Ln 442

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 1a42
Independent voting membersPt VI · Ln 1b42
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 (FY2022); the FY2023 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
Vice Chair
$0Pt VII · Sec A
See Noia Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

2 program services account for $296K of program spending, described in the organization's own filed words · FY2022.
01

In july, we were able to start events in their full capacity. Amici event started as well as our dining night out returned and we hosted our 2ND scholarship dinner for our students. July 18 - annual golf outing 106 golfers participated in our outing at sandridge golf club.

$167Kprogram expense
02

In fiscal 23, we entered into our second year of the legacy fund. The purpose of this fund 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.

$130Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$279K · 79%
Investment income$104K · 29%
Contributions & grants79%$279K
Investment income29%$104K
Total revenueLn 12$355K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.04 Fundraising $0.07
Program services88%$296K
Management & general4%$14K
Fundraising7%$25K
Total functional expensesLn 25$335K

Balance Sheet

Part X · end of year
CashLn 1$20K
Total assetsLn 16$5.5M
Total liabilitiesLn 26$27K
Total net assetsLn 32$5.5M
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.5M · Operating expenses/yr $335K
196.9 months
Where the money goes
Program services
Program services $296K · Total expenses $335K
88%
Management & General
Management & general $14K · Total expenses $335K
4%
Fundraising
Fundraising $25K · Total expenses $335K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $279K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $279K · Total revenue $355K
79%
Government reliance
Government grants — · Total revenue $355K
Earned-income share
Program service revenue $0 · Total revenue $355K
0%
Investment reliance
Investment income $104K · Total revenue $355K
+29%
Program self-sufficiency
Program service revenue $0 · Total expenses $335K
0%
Growth & trend
Revenue growth (YoY)
This year $355K · Prior year $416K
-15%
Net-asset trend (YoY)
End of year $5.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $355K · Expenses $335K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $5.5M
Net-asset ratio
Net assets $5.5M · Total assets $5.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.2M · Other securities (Pt X, ln 12) $316K · Total assets (Pt X, ln 16) $5.5M
100%
People & payroll
Highest Reported Total Compensation
Individual Anthony Alexander · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $335K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $335K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 4%
Fundraising cost ratio 9%
Revenue growth -15%
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 →

Similar Organizations

Closest in mission — by what they do
See all organizations like Noia Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 · viewing · ⤓ 990 PDF
FY2022$416K revenue · ⤓ 990 PDF
FY2021$366K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.