2023-10-19T13:59:19-05:00 2022-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2022-01-01 320081843 FOUNDATION FOR ITALIAN ART AND CULTURE- C/O AMERICAN CONTINENTAL PROPERTIES LLC FOUN 2129801755 460 PARK AVENUE 11TH FLOOR NEW YORK NY 10022 ANGIE LO TREASURER 2129801755 2023-10-18 1 ANGIE LO 999009999 0 CHRIS BELLANDO P00541714 2126972299 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANGIE LO 460 PARK AVENUE 11TH FLOOR NEW YORK NY 10022 295183 0 X WWW.FIACFOUNDATION.ORG X 2004 NY TO SPREAD ITALIAN CULTURE IN THE UNITED STATES. 12 11 0 11 0 0 48750 289484 0 0 57 5699 0 0 48807 295183 0 0 0 0 47416 68700 0 0 4355 73898 128644 121314 197344 -72507 97839 407893 510196 12867 17331 395026 492865 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 188631 FIAC CONTINUED TO WORK TOWARD ESTABLISHING NEW PARTNERSHIPS AND PROGRAMS FOR THE FUTURE. FIAC AGREED TO RESTORE THE UMBERTO BOCCIONI SCULPTURE, DYNAMISM OF A SPEEDING HOUSE + HORSES, 1915 AT THE PEGGY GUGGENHEIM MUSEUM IN VENICE, IN 2023.ON APRIL 25, 2022, FIAC PRESENTED ITALIAN MASTERPIECES, A RETROSPECTIVE BOOK WHICH CELEBRATES THE EXHIBITIONS AND PROGRAMS OF THE LAST FIFTEEN YEARS. IT TOOK PLACE AT THE ITALIAN CULTURAL INSTITUTE AND FEATURED A DIALOGUE BETWEEN ALAIN ELKANN, PRESIDENT OF FIAC AND PROF. FABIO FINOTTI, DIRECTOR OF THE ITALIAN CULTURAL INSTITUTE. FIAC BOARD MEMBERS, NY MUSEUM DIRECTORS AND MANY COLLEAGUES AND FRIENDS WERE IN ATTENDANCE. ON WEDNESDAY, APRIL 27, THE BOARD OF DIRECTORS HELD THEIR ANNUAL MEETING AT THE OFFICES AT 112 E. 71ST STREET AT 6PM AND HOSTED THE 2021 FIAC EXCELLENCY AWARDS CEREMONY AND DINNER AT THE TENNIS AND RACQUET CLUB TO HONOR AWARD WINNER: PROF. MASSIMO OSANNA, DIRECTORATE OF ITALIAN MUSEUMS, ITALY. IN JUNE 2022, OLIVIA D'APONTE, FIAC'S EXECUTIVE DIRECTOR PARTICIPATED IN ITALIAN HOURS AND AMERICAN DAYS OF CULTURAL HERITAGE AT THE IMT SCHOOL FOR ADVANCED STUDIES IN LUCCA, ITALY, VIA ZOOM, WHERE SPEAKERS PRESENTED ON THE TOPICS OF US MUSEUMS, CULTURAL HERITAGE, ART AUTHENTICITY AMONG OTHERS. THE PARTICIPATION ALLOWED FIAC A NEW NETWORK OF CULTURAL HERITAGE EXPERTS. FIAC HELPED SPONSOR OPERA ITALIANA AT THE NAUMBERG BANDSHELL IN CENTRAL PARK, A FREE CONCERT HELD ON JUNE 27 , 2022 IN NEW YORK. FIAC REACHED OUT AND ESTABLISHED RELATIONSHIPS WITH NEWLY APPOINTED CULTURAL MINISTERS IN ITALY IN THE FALL OF 2022.FIAC PREPARED AND PLANNED FOR THE 2022 FIAC EXCELLENCY AWARDS CEREMONY DINNER TO BE HELD AT THE TENNIS AND RACQUET CLUB IN 2023. 188631 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 4 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 460 PARK AVENUE 11TH FLOOR NEW YORK NY 10022 ALAIN ELKANN 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 68700 0 0 68700 0 0 0 0 0 0 0 289484 289484 5699 5699 295183 0 0 5699 68700 61830 3435 3435 5756 5180 288 288 7131 6418 357 356 605 544 30 31 38510 38251 129 130 2233 2010 112 111 DIRECT PROGRAM EXPENSES 69000 69000 0 0 DINNER EVENT 5286 5286 0 0 MISCELLANEOUS 123 112 7 4 197344 188631 4358 4355 406720 509022 1173 1174 16270 16270 0 0 0 0 407893 510196 12867 17331 12867 17331 X 395026 492865 395026 492865 407893 510196 97839 0 X 1 X 0 0 0 X 242735 248095 207800 48750 289485 1036865 242735 248095 207800 48750 289485 1036865 787778 249087 5946 6828 3415 57 5699 21945 1058810 0.23530 0.19450 X FOUNDATION FOR ITALIAN ART AND CULTURE'S PERCENTAGE OF PUBLIC SUPPORT IS 23.53% 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 8158 8158 0 8112 8112 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.