2024-11-12T15:46:22-06:00 2023-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2023-01-01 320081843 FOUNDATION FOR ITALIAN ART AND CULTURE- C/O AMERICAN CONTINENTAL PROPERTIES LLC FOUN 2129801755 112 E 71ST STREET 1B NEW YORK NY 10021 ANGIE LO TREASURER 2129801755 2024-10-17 1 0 CHRIS BELLANDO P00541714 2126972299 2023 2024-10-15 13:58:12Z ANGIE LO 112 E 71ST STREET 1B NEW YORK NY 10021 276932 0 X WWW.FIACFOUNDATION.ORG X 2004 NY TO SPREAD ITALIAN CULTURE IN THE UNITED STATES. 12 11 0 0 0 0 289484 261600 0 0 5699 15332 0 0 295183 276932 0 0 0 0 68700 64462 0 0 5526 128644 135933 197344 200395 97839 76537 510196 599757 17331 12471 492865 587286 X TO SPREAD ITALIAN CULTURE IN UNITED STATES BY ORGANIZING EXHIBITIONS, SHOWS, DISPLAYS OF PAITNTINGS, SCULPTURES AND OTHER VISUAL ARTS IN THE UNITED STATES AND PROMOTING THE RESTORATION OF WORKS OF ART IN ITALY IN ORDER TO PRESERVE AND PROMOTE ITALIAN CULTURE. 0 0 189344 FIAC CONTINUED TO WORK TOWARD ESTABLISHING NEW PARTNERSHIPS AND PROGRAMS FOR THE FUTURE. THE BOARD OF DIRECTORS APPOINTED DOTT.SSA FRANCESCA CAPPELLETTI, DIRECTOR OF THE BORGHESE GALLERY AS THE NEWEST MEMBER OF THE SCIENTIFIC BOARD. ON WEDNESDAY, JANUARY 18, 2023, THE BOARD OF DIRECTORS HELD THEIR ANNUAL MEETING AT 6PM AND HOSTED THE 2022 FIAC EXCELLENCY AWARDS CEREMONY AND DINNER AT THE TENNIS AND RACQUET CLUB TO HONOR AWARD WINNER: ANN PASTERNAK, DIRECTOR, BROOKLYN MUSEUM. THE BOARD APPOINTED FRANCESCA BODINI AS ITS NEWEST BOARD MEMBER. FIAC SUPPORTED THE RESTORATION OF THE UMBERTO BOCCIONI SCULPTURE, DYNAMISM OF A SPEEDING HOUSE + HORSES, 1915 AT THE PEGGY GUGGENHEIM MUSEUM IN VENICE, IN 2023.FIAC HELPED SPONSOR OPERA ITALIANA AT ST. BARTHOLOMEW'S CHURCH ON PARK AVENUE, A FREE CONCERT HELD ON JUNE 26, 2023 IN NEW YORK. FIAC REACHED OUT AND ESTABLISHED RELATIONSHIPS WITH NEWLY APPOINTED MUSEUM DIRECTORS, IN ITALY IN THE FALL OF 2023.FIAC PREPARED AND PLANNED FOR THE 2023 FIAC EXCELLENCY AWARDS CEREMONY DINNER TO BE HELD AT THE TENNIS AND RACQUET CLUB IN MARCH 2024. FIAC WORKED CLOSED WITH THE GALLERIE DELL' ACCADEMIA IN VENICE TO PLAN FOR THE RESTORATION AND THE UPCOMING EXHIBITION OF SEVERAL TINTORETTO PICTURES IN THE US. 189344 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 1 0 NY X THE ORGANIZATION 2129801755 112 E 71ST STREET 1B NEW YORK NY 10021 ALAIN EKANN PRESIDENT 1.00 X X 0 0 0 AMB DANIELE BODINI CHAIRMAN 1.00 X X 0 0 0 ANGIE LO TREASURER 1.00 X X 0 0 0 WILLIAM B ACQUAVELLA DIRECTOR 1.00 X 0 0 0 FRANCESCA BODINI DIRECTOR 1.00 X 0 0 0 CARLO CLAVERINO DIRECTOR 1.00 X 0 0 0 JOHN DYSON DIRECTOR 1.00 X 0 0 0 MASSIMO FERRAGAMO DIRECTOR 1.00 X 0 0 0 MARIO GABELLI DIRECTOR 1.00 X 0 0 0 DONNA PATRIZIA MEMMO RUSPOLI DIRECTOR 1.00 X 0 0 0 JOSEPH PERELLA DIRECTOR 1.00 X 0 0 0 OLIVIA D'APONTE EXECUTIVE DIRECTOR 20.00 X X 64167 0 0 64167 0 0 0 0 0 0 0 261600 24300 261600 15332 15332 276932 0 0 15332 64462 58015 3224 3223 8308 7476 417 415 7279 6551 364 364 531 477 27 27 26833 24150 1341 1342 2978 2681 148 149 DIRECT PROGRAM EXPENSES 82300 82300 DINNER EVENT 7581 7581 MISCELLANEOUS 123 113 4 6 200395 189344 5525 5526 509022 43328 152780 1174 1374 16271 16271 0 0 402275 510196 599757 17331 12471 17331 12471 X 492865 587286 492865 587286 510196 599757 76537 17884 0 X 1 X 0 0 0 X 248095 207800 48750 289485 261600 1055730 248095 207800 48750 289485 261600 1055730 798734 256996 6828 3415 57 5699 15332 31331 1087061 0.23640 0.23530 X FOUNDATION FOR ITALIAN ART AND CULTURE'S PERCENTAGE OF PUBLIC SUPPORT IS 27.32% HOWEVER, FOUNDATION FOR ITALIAN ART AND CULTURE'S PUBLIC SUPPORT IS MORE THAN 10% OF ITS TOTAL SUPPORT. IT HAS A SOLICITATION PLAN FOR ATTRACTING PUBLIC SUPPORT AND HAS A BROAD, REPRESENTATIVE GOVERNING BODY. ITS PROGRAM SERVICES DIRECTLY BENEFIT THE GENERAL PUBLIC. THEREFORE, FOUNDATION FOR ITALIAN ART AND CULTURE QUALIFIES FOR NON-PRIVATE FOUNDATION STATUS UNDER THE FACTS AND CIRCUMSTANCES TEST OF IRC SEC 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16271 16271 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD REVIEWS THE 990 PRIOR TO FILING. THE BOARD OF DIRECTORS IS THEN INFORMED THAT THE 990 IS AVAILABLE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 NONE OF THE BOARD MEMBERS NOR OFFICERS ARE COMPENSATED. CURRENTLY, ONLY ONE CONSULTANT IS HIRED WHOSE COMPENSATION IS DETERMINED BY THE CHAIRMAN AND THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.