2025-10-14T09:49:09-05:00 2024-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2024-01-01 320081843 FOUNDATION FOR ITALIAN ART AND CULTURE- C/O AMERICAN CONTINENTAL PROPERTIES LLC FOUN 2129801755 112 E 71ST STREET 2A NEW YORK NY 10021 ANGIE LO TREASURER 2129801755 2025-10-14 1 0 CHRIS BELLANDO P00541714 2126972299 2024 2025-03-06 01:10:19Z ANGIE LO 112 E 71ST STREET 2A NEW YORK NY 10021 290593 0 X WWW.FIACFOUNDATION.ORG X 2004 NY TO SPREAD ITALIAN CULTURE IN THE UNITED STATES. 12 11 0 0 0 0 261600 265247 0 0 15332 25346 0 0 276932 290593 0 0 0 0 64462 70417 0 0 6614 135933 237542 200395 307959 76537 -17366 599757 632016 12471 34637 587286 597379 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 294733 ON MARCH 21, 2024, FIAC HOSTED THE 2023 FIAC EXCELLENCY AWARDS CEREMONY AND DINNER AT THE TENNIS AND RACQUET CLUB IN NEW YORK, HONORING AWARD RECIPIENT GIULIO MANIERI ELIA, DIRECTOR OF THE GALLERIE DELL'ACCADEMIA DI VENEZIA. THE EVENT FOLLOWED THE ANNUAL MEETING OF THE FIAC BOARD OF DIRECTORS.THROUGHOUT THE YEAR, FIAC CONTINUED TO CULTIVATE NEW PARTNERSHIPS AND INITIATIVES. THE BOARD APPOINTED DOTT. ANGELO CRESPI, DIRECTOR OF THE PINACOTECA DI BRERA, AS THE NEWEST MEMBER OF THE SCIENTIFIC BOARD.FIAC FINALIZED A PARTNERSHIP WITH THE GALLERIE DELL'ACCADEMIA IN VENICE AND THE CINCINNATI ART MUSEUM IN OHIO TO SUPPORT THE RESTORATION OF SEVERAL PAINTINGS BY TINTORETTO. TWO OF THE THREE MASTERPIECES FROM TINTORETTO'S GENESIS SERIES, RESTORED WITH FIAC'S SUPPORT, WILL BE FEATURED IN AN EXHIBITION AT THE CINCINNATI ART MUSEUM IN APRIL 2025.IN COLLABORATION WITH THE GALLERIA BORGHESE IN ROME, FIAC ALSO BEGAN THE PROCESS OF IDENTIFYING WORKS FOR FUTURE EXHIBITIONS IN THE UNITED STATES.ADDITIONALLY, FIAC PARTICIPATED IN THE SPONSORSHIP OPERA ITALIANA IN CENTRAL PARK, A FREE OPEN-AIR CONCERT HELD IN NEW YORK ON SEPTEMBER 24, 2024.FINALLY, PREPARATIONS ARE UNDERWAY FOR THE 2024 FIAC EXCELLENCY AWARDS CEREMONY AND DINNER, TO BE HELD ONCE AGAIN AT THE TENNIS AND RACQUET CLUB IN MARCH 2025. 294733 1 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 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 2A NEW YORK NY 10021 ALANI 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 CLAVARINO 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 70000 0 0 70000 0 0 0 0 0 0 0 265247 25085 265247 25346 25346 290593 0 0 25346 70417 63375 3521 3521 9424 8482 471 471 8941 8046 448 447 995 896 49 50 39620 35658 1981 1981 2630 2367 131 132 DIRECT PROGRAM EXPENSES 166495 166495 DINNER EVENT 9202 9202 MISCELLANEOUS 235 212 11 12 307959 294733 6612 6614 43328 19079 152780 139474 1374 0 0 402275 473463 599757 632016 12471 34637 12471 34637 X 587286 597379 587286 597379 599757 632016 -17366 27459 0 X 1 X 0 0 0 X 207800 48750 289485 261600 265247 1072882 207800 48750 289485 261600 265247 1072882 808937 263945 3415 57 5699 15332 25346 49849 1122731 0.23510 0.23640 X FOUNDATION FOR ITALIAN ART AND CULTURE'S PERCENTAGE OF PUBLIC SUPPORT IS 23.51% 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 X 145 25085 FAIR VALUE 0 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.