2020-10-01T12:57:37-05:00 2019-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2019-01-01 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 2020-09-24 1 CHRIS BELLANDO P00541714 2126972299 38.142.140.186 2020-09-24 10:23:24 ED P 7EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D 5C2ECE50080656B913DA8B0FCF03D364AF8729F1 2019 2021-01-29 14:40:06Z ANGIE LO 460 PARK AVENUE 11TH FLOOR NEW YORK NY 10022 254923 0 X WWW.FIACFOUNDATION.ORG X 2004 NY TO SPREAD ITALIAN CULTURE IN THE UNITED STATES. 15 14 0 0 0 0 242735 248095 0 0 5946 6828 0 0 248681 254923 0 0 0 0 64993 64992 0 0 4163 179286 188629 244279 253621 4402 1302 436552 443530 12416 18092 424136 425438 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 245297 ON MARCH 21, 2019, FIAC HOSTED THE 2018 FIAC EXCELLENCY AWARDS CEREMONY AND DINNER AT THE TENNIS AND RACQUET CLUB TO HONOR AWARD WINNERS: GABRIELE FINALDI, DIRECTOR OF THE NATIONAL GALLERY, LONDON AND RICHARD ARMSTRONG, DIRECTOR OF THE SOLOMON R. GUGGENHEIM MUSEUM AND FOUNDATION, NEW YORK THE EVENT FOLLOWED THE ANNUAL MEETING OF THE FIAC BOARD MEMBERS. FIAC CELEBRATED THE OPENING OF GIORGIONE'S LA VECCHIA AT THE CINCINNATI ART MUSEUM, OHIO ON FEBRUARY 15 AND THE SHOW RAN THROUGH MAY 5, 2019. FIAC CELEBRATED THE OPENING OF GIORGIONE'S LA VECCHIA AT THE WADSWORTH ATHENEUM, CONNECTICUT IN EARLY MAY, AND THE SHOW RAN THROUGH AUGUST 4, 2019.FIAC COLLABORATED ON OPERA ITALIANA, IN CENTRAL PARK IN THE NAUMBERG BANDSHELL ON JULY 1, 2019.FIAC CELEBRATED THE OPENING OF PONTORMO: MIRACULOUS ENCOUNTERS AT THE MORGAN LIBRARY, NEW YORK ON SEPTEMBER 6TH AND AT THE PAUL J. GETTY MUSEUM, CALIFORNIA ON FEBRUARY 4, 2019. FIAC CONTINUED TO STRENGTHEN RELATIONSHIPS WITH MUSEUM DIRECTORS AND CURATORS IN ITALY AND THE UNITED STATES. FIAC PLANNED AND ORGANIZED FOR ITS 2019 EXCELLENCY AWARDS, TO BE HELD IN JANUARY 2020. 245297 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 5 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 SECRETARY 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 TERRY ALLEN KRAMER DIRECTOR (DECEASED 5/2019) 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 248095 248095 6828 6828 254923 0 0 6828 64992 58493 3249 3250 90 80 5 5 3796 3418 189 189 6053 5447 303 303 895 806 44 45 30560 30476 42 42 2599 2340 129 130 DIRECT PROGRAM EXPENSES 134900 134900 DINNER EVENT 5745 5745 MISCELLANEOUS 3166 2850 158 158 DUES AND SUBSCRIPTIONS 825 742 42 41 253621 245297 4161 4163 436552 442600 16270 16270 0 0 0 930 436552 443530 12416 18092 12416 18092 X 424136 425438 424136 425438 436552 443530 1302 0 X 0 0 0 X 190916 225000 235556 242735 248095 1142302 190916 225000 235556 242735 248095 1142302 907698 234604 41 46 45 5946 6828 12906 1155208 0.20310 0.27840 X FOUNDATION FOR ITALIAN ART AND CULTURE'S PERCENTAGE OF PUBLIC SUPPORT IS 20.31% 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.