Mahalo
Minneapolis, MN

ITALIAN AMERICAN CLUB FOUNDATION INC

EIN 41-1440206
Education & Youth Development College Access & Scholarships Children & youth
Mission

Provide scholarships and grants to students and charitable organizations in the Minneapolis community.

IRS-recognized 501(c)(3) public charity Contributions are tax-deductible

About ITALIAN AMERICAN CLUB FOUNDATION INC

The Italian American Club Foundation Inc is a Minnesota-based 501(c)(3) nonprofit that awards scholarships and community grants focused on students and local charitable organizations in Northeast Minneapolis. The foundation raises funds through events (for example community banquets, tournaments and cultural events) and operates fundraising activities to support an annual scholarship program. Recent filings show the foundation maintains a million-dollar-plus asset base and has continued regular scholarship and grant distributions in the last 2–3 years.

Notable achievements

Annual Scholarship Program

Operates a recurring scholarship program for Minnesota students; distributed scholarships to dozens of recipients (reported as 92 recipients in the fiscal year ending June 30, 2025) and provides individual awards for post-secondary education.

Sustained Local Grantmaking

Awards grants to local charitable organizations and community initiatives in the Minneapolis area, prioritizing Northeast Minneapolis programs and civic causes.

Strong Financial Base & Fundraising

Maintains over $1 million in reported assets (most recent filings) and supports its programs through community fundraising events and licensed charitable gaming activities in Minnesota.

At a glance

Total assets
$1.2M
Annual revenue
$392K
Tax status
501(c)(3)Public charity
EIN
41-1440206
Location
Minneapolis, MN
On Mahalo since
September 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

Maintains IRS tax-exempt 501(c)(3) status (established in the early 1980s).
Listed and summarized in national nonprofit databases and Form 990 aggregators (used by donors and researchers to review financials and grants).
Profiled and evaluated by charity-rating and nonprofit-data services (appears with a multi-star score on platform evaluations).

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