2021-07-19T15:12:31-05:00 2020-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2020-01-01 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 2021-07-19 1 ANGIE LO 999009999 CHRIS BELLANDO P00541714 2126972299 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANGIE LO 460 PARK AVENUE 11TH FLOOR NEW YORK NY 10022 211215 0 X WWW.FIACFOUNDATION.ORG X 2004 NY TO SPREAD ITALIAN CULTURE IN THE UNITED STATES. 15 14 0 1 0 0 248095 207800 0 0 6828 3415 0 0 254923 211215 0 0 0 0 64992 64992 0 0 4955 188629 104128 253621 169120 1302 42095 443530 479949 18092 12416 425438 467533 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 159209 ON JANUARY 29, 2020, FIAC HOSTED THE 2019 FIAC EXCELLENCY AWARDS CEREMONY AND DINNER AT THE TENNIS AND RACQUET CLUB TO HONOR AWARD WINNERS: XAVIER SOLOMON, CHIEF CURATOR, THE FRICK COLLECTION AND PAOLA D'AGOSTINO, DIRECTOR, THE BARGELLO MUSEUMS, FLORENCE. THE EVENT FOLLOWED THE ANNUAL MEETING OF THE FIAC BOARD MEMBERS. PROGRAMMING IN MOTION WAS NOT ABLE TO SEE COMPLETION BECAUSE MANY ITALIAN MUSEUMS CLOSED IN THE SPRING OF 2020, ONLY TO BE FOLLOWED BY MANY US MUSEUMS, DUE TO THE COVID 19 PANDEMIC. FIAC TEMPORARILY REDIRECTED ITS WORK TOWARD COMPILING A RETROSPECTIVE BOOK WHICH CELEBRATES THE EXHIBITIONS AND PROGRAMS OF THE LAST FIFTEEN YEARS. THE BOOK IS EXHIBITED TO BE SELF-PUBLISHED IN THE SPRING OF 2021. 159209 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 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 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 OLIVIA D'APONTE EXECUTIVE DIRECTOR 20.00 X X 64992 0 0 WILLIAM B ACQUAVELLA DIRECTOR 1.00 X 0 0 0 LORENZO BINI-SMAGHI 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 PROF GIULIANO URBANI DIRECTOR 1.00 X 0 0 0 AMB ARMANDO VARRICCHIO DIRECTOR 1.00 X 0 0 0 AMB SERGIO VENTO DIRECTOR 1.00 X 0 0 0 64992 0 0 0 0 0 0 0 207800 207800 3415 3415 211215 0 0 3415 64992 58492 3250 3250 4687 4219 234 234 10920 9828 546 546 7331 6599 366 366 3933 3539 197 197 469 423 23 23 14481 14287 97 97 3412 3070 171 171 DIRECT PROGRAM EXPENSES 50000 50000 DINNER EVENT 7482 7482 DUES AND SUBSCRIPTIONS 1132 1018 57 57 MISCELLANEOUS 281 252 15 14 169120 159209 4956 4955 442600 479019 16270 16270 0 0 930 930 443530 479949 18092 12416 18092 12416 X 425438 467533 425438 467533 443530 479949 42095 0 X 0 0 0 X 225000 235556 242735 248095 207800 1159186 225000 235556 242735 248095 207800 1159186 913344 245842 46 45 5946 6828 3415 16280 1175466 0.20910 0.20310 X FOUNDATION FOR ITALIAN ART AND CULTURE'S PERCENTAGE OF PUBLIC SUPPORT IS 20.91% 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 16270 16270 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.