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MAGAZZINO ITALIAN ART FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MAGAZZINO ITALIAN ART FOUNDATION (EIN 83-1666946)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-09-11
IRS object ID
202102549349100600
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-09-11T15:43:43-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1EISNER ADVISORY GROUP LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1733 THIRD AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100172703ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN831666946EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Magazzino Italian Art FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% EISNER ADVISORY GROUP LLCInCareOfNm
Business Name ControlMAGABusinessNameControlTxt
Phone2128944054PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O EISNER ADVISORY GRP733 3RD AVEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personnancy olnickPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2129498700PhoneNum
Signature2021-08-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstnancyPersonFirstNm
Person LastolnickPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARIE ARRIGOPreparerPersonNm
PTINP00058583PTIN
Phone2129498700PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$17,124,717FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$8,475,000ContriRcvdRevAndExpnssAmt
Other Income Rev And Expnss$10,424OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$10,424OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$8,485,424TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Total Adj Net Incm$10,424TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Oth Empl Slrs Wgs Rev And Expnss$675,024OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$675,024OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$99,732PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl$95,894PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$66,139LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$47,574LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$44,125AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$56,625AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$244,297OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$244,357OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$18,074TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$18,074TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$474,287DeprecAndDpltnRevAndExpnssAmt
Occupancy Rev And Expnss$78,962OccupancyRevAndExpnssAmt
Occupancy Dsbrs Chrtbl$72,074OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$39,266TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$40,400TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss$32,692PrintingAndPubRevAndExpnssAmt
Printing And Pub Dsbrs Chrtbl$32,692PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss$883,096OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$917,250OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,655,694TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,199,964TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$9,108ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,108ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,664,802TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$2,208,072TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$5,820,622ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$10,424AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$172,551CashBOYAmt
Cash EOY$6,019,697CashEOYAmt
Cash EOYFMV$6,019,697CashEOYFMVAmt
Prepaid Expenses BOY$80,586PrepaidExpensesBOYAmt
Prepaid Expenses EOY$93,164PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$93,164PrepaidExpensesEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$11,799,924LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$788,068LandBldgEquipAccumDeprecAmt
Land BOY$10,981,998LandBOYAmt
Land EOY$11,011,856LandEOYAmt
Land EOYFMV$11,011,856LandEOYFMVAmt
Total Assets BOY$11,235,135TotalAssetsBOYAmt
Total Assets EOY$17,124,717TotalAssetsEOYAmt
Total Assets EOYFMV$17,124,717TotalAssetsEOYFMVAmt
Accounts Payable BOY$138,078AccountsPayableBOYAmt
Accounts Payable EOY$95,071AccountsPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$111,967OtherLiabilitiesEOYAmt
Total Liabilities BOY$138,078TotalLiabilitiesBOYAmt
Total Liabilities EOY$207,038TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$11,097,057NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$16,917,679NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$11,097,057TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$16,917,679TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$11,235,135TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$17,124,717TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$11,097,057TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$5,820,622ExcessRevenueOverExpensesAmt
Subtotal$16,917,679SubtotalAmt
Tot Net Ast Or Fund Balances EOY$16,917,679TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$14,811EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$14,811TotalPaymentsAndCreditsAmt
Overpayment$14,811OverpaymentAmt
Applied To ES Tax$14,811AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresswww.magazzino.artWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1EISNER ADVISORY GROUP LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2128944054PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1733 THIRD AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsYes (true)MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
NANCY OLNICK
C/O Eisner ADVISORY GP 733 3RD aveNEW YORKNY10017TRUSTEE5.0$0$0$0
GIORGIO SPANU
C/O EISNER ADVISORY GRP733 3RD AVENEW YORKNY10017TRUSTEE10.0$0$0$0
STELLA SPANU
C/O EISNER ADVISORY GRP733 3RD AVENEW YORKNY10017TRUSTEE1.0$0$0$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee BenefitsEmployeeBenefitsAmt
VITTORIO CALABRESE
C/O MAGAZZINO FOUNDATIONNEW YORKNY10017DIRECTOR40.0$108,427$9,171
KAROLINA CHOJNOWSKA
C/O MAGAZZINO FOUNDATIONNEW YORKNY10017HEAD OF COMMUNICAT.40.0$65,811$7,964
THOMAS HUBER
C/O MAGAZZINO FOUNDATIONNEW YORKNY10017FACILITY MANAGER40.0$74,977$9,171
SEAN M KANE
C/O MAGAZZINO FOUNDATIONNEW YORKNY10017SECURITY MANAGER40.0$64,500$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
SVENDSEN & KELLER
635 north salem roadRIDGEFIELDCT06877Maintenance$69,151
BADEY & WATSON
3063 ROUTE 9COLD SPRINGNY10516SURVEYING/ENGINEER$67,883
BRILLIANT
400 EAGLEVIEW BOULEVARDEXTONPA19341GRAPHICS$67,659
WATERHOUSE CIFUENTES DESIGN LLC
4-75 48TH AVE SUITE 3907LONG ISLAND CITYNY11109DESIGN CONSULTING$96,000

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1MAGAZZINO ITALIAN ART FOUNDATION IS DEVOTED TO POSTWAR AND CONTEMPORARY ART. THE FOUNDATION SERVES AS A RESOURCE AND OFFERS AN EXTENSIVE LIBRARY AND ARCHIVE OF ITALIAN ARTDescription1Txt
Expenses1$2,742,135Expenses1Amt
FieldValueIRS element (for citing)
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$400,394AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$400,394TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$400,394AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,006CashDeemedCharitableAmt
Net Vl Noncharitable Assets$394,388NetVlNoncharitableAssetsAmt
Minimum Investment Return$19,719MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,208,072ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$542,171CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$2,750,243QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$2,750,243AdjustedQualifyingDistriAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$10,424CurrentYearAmt
Year1$0Year1Amt
Year2$1,129Year2Amt
Total$11,553TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$8,860CurrentYearAmt
Year1$0Year1Amt
Year2$960Year2Amt
Total$9,820TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$2,750,243CurrentYearAmt
Year1$2,384,045Year1Amt
Year2$774,755Year2Amt
Total$5,909,043TotalAmt

Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp

FieldValueIRS element (for citing)
Current Year$8,108CurrentYearAmt
Year1$16,809Year1Amt
Year2$7,087Year2Amt
Total$32,004TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$2,742,135CurrentYearAmt
Year1$2,367,236Year1Amt
Year2$767,668Year2Amt
Total$5,877,039TotalAmt
FieldValueIRS element (for citing)
Total AssetsTotalAssetsGrp

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$13,146CurrentYearAmt
Year1$8,509Year1Amt
Year2$3,115Year2Amt
Total$24,770TotalAmt

Total Support TotalSupportGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Total$0TotalAmt

Largest Support From EO LargestSupportFromEOGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNANCY OLNICKContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdAddress Line2RecipientUSAddress/AddressLine2Txt
fondazione la quadriennale di roma
via nazionale 194roma RMIT00184NONENCGENERAL CHARITABLE PURPOSES (SEE EXPENDITURE RESPOSIBILITY ATTACHMENT).$5,993
New York State Sheriff's Association
NONEPCGENERAL CHARITABLE PURPOSES$7527 Elk StreetAlbanyNY12207
putnam history museum
nonePCGENERAL CHARITABLE PURPOSES$1,00063 chestnut streetcold springNY10516
rx art inc
nonePCGENERAL CHARITABLE PURPOSES$40attn diane Brown 208 forsyth strenew yorkNY10002
ANNEKE CHAN
NONEIEDUCATIONAL SCHOLARSHIP$1,000C/O MAGAZZINO ITALIAN ART FOUNDATIONEW YORKNY10017C/O EISNERAMPER LLP 733 3RD AVE
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,108TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1CENTER FOR ITALIAN MODERN ARTBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1421 BROOME STREET 4TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10013ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipnoneRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeGeneral charitable purposesGrantOrContributionPurposeTxt
Amt$1,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Apprv Fut$1,000TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Exclusion01ExclusionCd
Exclusion$10,424ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$10,424ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,424TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonNANCY OLNICKContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1C/O Eisner ADVISORY GROUP 733 thirAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Total Contributions$8,475,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING & AUDIT FEESCategoryTxt
Amt$44,125Amt
Disbursements Charitable Prps$56,625DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (78 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmt
2016 FORD TR-3502018-09-01$27,622$7,365SL5$5,524
2016 FORD TR-3502018-09-01$26,572$7,085SL5$5,314
2018 FORD F2502018-10-11$54,217$13,553SL5$10,843
WEB - BENJAMIN CR2018-09-01$11,000$4,889SL3$3,667
WEB - REGISTER2018-09-01$4,230$1,880SL3$1,410
WEB - WEBSITE CONS2018-09-01$19,990$8,884SL3$6,664
WEB - ENTERMEDIA2018-09-01$164,860$73,271SL3$54,953
WEB2018-09-01$7,500$3,333SL3$2,500
APPLE COMPUTER2018-09-01$710$189SL5$142
APPLE COMPUTER2018-09-01$1,610$429SL5$322
APPLE COMPUTER2018-09-01$790$211SL5$158
APPLE COMPUTER2018-09-01$1,170$312SL5$234
APPLE COMPUTER2018-09-01$790$211SL5$158
ACCESSORIES2018-09-01$500$133SL5$100
APPLE COMPUTER2018-09-01$1,220$325SL5$244
APPLE COMPUTER2018-09-01$1,230$328SL5$246
HP PRINTER2018-09-01$1,850$493SL5$370
ACCESSORIES2018-09-01$390$104SL5$78
APPLE COMPUTER2018-09-01$2,338$624SL5$469
MUSIC LICENSE2018-09-01$100$67SL2$33
CIFUENTES DESIGN2018-09-01$60,627$40,419SL2$20,208
HIGHROAD PRESS2018-09-01$8,500$5,667SL2$2,833
BRIAN GRAZIA2018-09-01$75$51SL2$24
LAURA CONTE2018-09-01$14,845$9,897SL2$4,948
MARVIN HEIFERMAN2018-09-01$6,489$4,327SL2$2,162
RIZZOLI INT'L PUB2018-09-01$76,962$51,308SL2$25,654
DOMENCIO PALMA2018-09-01$4,353$2,903SL2$1,450
ARTBOOK2018-09-01$4,877$3,252SL2$1,625
PHOTO EQUIPMENT2018-09-01$3,220$859SL5$644
SCISSOR LIFT2018-09-01$8,670$2,312SL5$1,735
AV SYSTEM2018-09-01$47,190$12,584SL5$9,438
AV SYSTEM2018-09-01$8,220$2,192SL5$1,644
OFFICE FURNITURE2018-09-01$8,090$1,541SL7$1,156
PEDESTALS2018-09-01$1,000$190SL7$143
OFFICE FURNITURE2018-09-01$1,170$223SL7$167
OFFICE FURNITURE2018-09-01$19,780$3,768SL7$2,827
OFFICE FURNITURE2018-09-01$1,340$255SL7$191
PEDESTALS2018-09-01$670$128SL7$96
OFFICE FURNITURE2018-09-01$23,340$4,445SL7$3,334
TABLES2018-09-01$10,300$1,961SL7$1,471
SEATS TAG2018-09-01$940$179SL7$134
OFFICE FURNITURE2018-09-01$4,350$828SL7$622
LIGHT FIXTURES2018-09-01$2,120$404SL7$303
EASY CHAIRS2018-10-22$17,745$3,169SL7$2,535
FILING CABINETS2018-11-14$5,869$978SL7$838
LOGO2018-09-01$14,280$2,720SL7$2,040
SIGNAGE2018-09-01$18,080$3,444SL7$2,583
2019 FORD ECOSPORT2019-09-01$24,329$1,622SL5$4,866
DINING TABLE2019-06-01$3,984$332SL7$569
BUILDING2019-11-22$10,270,000$28,137SL39$263,333
LAND2019-11-22$254,791L
PAVILION CONSTRUCT2019-12-31$40,884$0SL$0
Pavilion Contruct$215,994SL
Web - Entermedia2020-09-01$19,500SL3$2,167
Computer2020-09-01$7,600SL5$507
MACHINERY & EQUIP2020-04-01$37,462SL5$5,620
MACHINERY & EQUIP2020-05-01$22,167SL5$2,957
MACHINERY & EQUIP2020-06-01$19,543SL5$2,281
MACHINERY & EQUIP2020-07-01$9,212SL5$921
MACHINERY & EQUIP2020-08-01$575SL5$48
MACHINERY & EQUIP2020-09-01$20,954SL5$1,397
MACHINERY & EQUIP2020-11-01$7,599SL5$253
MACHINERY & EQUIP2020-12-01$8,495SL5$142
Furniture&fixtures2020-03-01$2,675SL7$318
Furniture&fixtures2020-05-01$17,821SL7$1,697
Furniture&Fixtures2020-07-01$5,587SL7$399
Furniture&Fixtures2020-10-01$11,268SL7$402
Building Improvemt2020-06-01$10,174SL39$152
Building Improvemt2020-07-01$25,830SL39$331
Building Improvemt2020-08-01$9,523SL39$102
Building Improvemt2020-09-01$4,218SL39$36
Land2020-02-01$6,000L
Land Improvements2020-04-01$7,731SL15$387
Land Improvements2020-05-01$6,785SL15$302
Land Improvements2020-06-01$11,856SL15$461
Land Improvements2020-07-01$9,216SL15$307
Land Improvements2020-08-01$2,800SL15$78
Land Improvements2020-12-01$3,560SL15$20

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FONDAZIONE LA Quadriennale Di RomaBusinessNameLine1Txt

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line1via nazionale 194AddressLine1Txt
CityromeCityNm
CountryITCountryCd
Foreign Postal00184ForeignPostalCd
FieldValueIRS element (for citing)
Grant2020-11-18GrantDt
Grant$5,993GrantAmt
Purpose Of GrantIN SUPPORT OF tHE ARTISTIC AND CULTURAL ACTIVITIES PROMOTED BY THE ORGANIZATIONPurposeOfGrantTxt
Expended By Grantee$5,993ExpendedByGranteeAmt
Any Diversion By GranteeNOAnyDiversionByGranteeTxt
Dates Of Reports By Grantee08/05/2021DatesOfReportsByGranteeTxt
Results Of VerificationTHE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.ResultsOfVerificationTxt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (78 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
2016 FORD TR-350$27,622$12,889$14,733
2016 FORD TR-350$26,572$12,399$14,173
2018 FORD F250$54,217$24,396$29,821
WEB - BENJAMIN CR$11,000$8,556$2,444
WEB - REGISTER$4,230$3,290$940
WEB - WEBSITE CONS$19,990$15,548$4,442
WEB - ENTERMEDIA$164,860$128,224$36,636
WEB$7,500$5,833$1,667
APPLE COMPUTER$710$331$379
APPLE COMPUTER$1,610$751$859
APPLE COMPUTER$790$369$421
APPLE COMPUTER$1,170$546$624
APPLE COMPUTER$790$369$421
ACCESSORIES$500$233$267
APPLE COMPUTER$1,220$569$651
APPLE COMPUTER$1,230$574$656
HP PRINTER$1,850$863$987
ACCESSORIES$390$182$208
APPLE COMPUTER$2,338$1,093$1,245
MUSIC LICENSE$100$100
CIFUENTES DESIGN$60,627$60,627
HIGHROAD PRESS$8,500$8,500
BRIAN GRAZIA$75$75
LAURA CONTE$14,845$14,845
MARVIN HEIFERMAN$6,489$6,489
RIZZOLI INT'L PUB$76,962$76,962
DOMENCIO PALMA$4,353$4,353
ARTBOOK$4,877$4,877
PHOTO EQUIPMENT$3,220$1,503$1,717
SCISSOR LIFT$8,670$4,047$4,623
AV SYSTEM$47,190$22,022$25,168
AV SYSTEM$8,220$3,836$4,384
OFFICE FURNITURE$8,090$2,697$5,393
PEDESTALS$1,000$333$667
OFFICE FURNITURE$1,170$390$780
OFFICE FURNITURE$19,780$6,595$13,185
OFFICE FURNITURE$1,340$446$894
PEDESTALS$670$224$446
OFFICE FURNITURE$23,340$7,779$15,561
TABLES$10,300$3,432$6,868
SEATS TAG$940$313$627
OFFICE FURNITURE$4,350$1,450$2,900
LIGHT FIXTURES$2,120$707$1,413
EASY CHAIRS$17,745$5,704$12,041
FILING CABINETS$5,869$1,816$4,053
LOGO$14,280$4,760$9,520
SIGNAGE$18,080$6,027$12,053
2019 FORD ECOSPORT$24,329$6,488$17,841
DINING TABLE$3,984$901$3,083
BUILDING$10,270,000$291,470$9,978,530
LAND$254,791$254,791
PAVILION CONSTRUCT$40,884$0$40,884
Pavilion Contruct$215,994$215,994
Web - Entermedia$19,500$2,167$17,333
Computer$7,600$507$7,093
MACHINERY & EQUIP$37,462$5,620$31,842
MACHINERY & EQUIP$22,167$2,957$19,210
MACHINERY & EQUIP$19,543$2,281$17,262
MACHINERY & EQUIP$9,212$921$8,291
MACHINERY & EQUIP$575$48$527
MACHINERY & EQUIP$20,954$1,397$19,557
MACHINERY & EQUIP$7,599$253$7,346
MACHINERY & EQUIP$8,495$142$8,353
Furniture&fixtures$2,675$318$2,357
Furniture&fixtures$17,821$1,697$16,124
Furniture&Fixtures$5,587$399$5,188
Furniture&Fixtures$11,268$402$10,866
Building Improvemt$10,174$152$10,022
Building Improvemt$25,830$331$25,499
Building Improvemt$9,523$102$9,421
Building Improvemt$4,218$36$4,182
Land$6,000$6,000
Land Improvements$7,731$387$7,344
Land Improvements$6,785$302$6,483
Land Improvements$11,856$461$11,395
Land Improvements$9,216$307$8,909
Land Improvements$2,800$78$2,722
Land Improvements$3,560$20$3,540

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$66,139LegalFeesAmt
Disbursements Charitable Prps$47,574DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADVERTISING EXPENSES$65,380$73,382
AUTOMOBILE EXPENSES$6,898$6,898
INSURANCE$88,360$97,733
REPAIRS AND MAINTENANCE$178,404$163,673
SUPPLIES$70,374$71,642
TELEPHONE$23,173$24,500
WEBSITE$86,776$92,097
OTHER ADMINISTRATIVE EXPENSES$48,464$80,880
ART INSTALLATION$396$396
RESEARCH CENTER$14,425$15,650
PROGRAMS & EXHIBITIONS$259,744$250,812
MARKETING MATERIALS$21,942$20,827
PRINTING & VIDEO$18,760$18,760

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescCredit card refundsDesc
Revenue And Expenses Per Books$10,424RevenueAndExpensesPerBooksAmt
Adjusted Net Income$10,424AdjustedNetIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescSBA CARES ACT PAYCHECK PROTECTION PROGRAM LOANDesc
BOY Book Value$0BOYBookValueAmt
EOY Book Value$111,967EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CONSULTING FEES$18,050$18,110
DESIGN CONSULTING$96,000$96,000
PUBLIC RELATIONS$96,734$96,734
ART INSTALLER$19,462$19,462
OTHER PROFESSIONAL FEES$14,051$14,051

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PROPERTY TAX$17,299$17,299
NYS FILING FEE$775$775

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