2014-10-06T12:25:52-05:00 2013-12-31 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2013-01-01 320081843 FOUNDATION FOR ITALIAN ART AND CULTURE- C/O AMERICAN CONTINENTAL PROPERTY LLC FOUN 2129801755 460 PARK AVENUE 11TH FLOOR NEW YORK NY 10022 ANGIE LO TREASURER 2129801755 2014-10-01 1 P00881958 2126972299 2013 2015-11-30 17:44:51Z ANGIE LO 460 PARK AVENUE NEW YORK NY 10022 190260 0 X WWW.FIACFOUNDATION.ORG X 2004 NY TO SPREAD ITALIAN CULTURE IN THE UNITED STATES. 13 13 0 14 0 0 189698 190220 0 0 35 40 0 0 189733 190260 0 0 0 0 0 0 0 0 3750 161467 214391 161467 214391 28266 -24131 341568 342437 7000 32000 334568 310437 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 206599 IN 2013, FIAC CELEBRATED THE EXHIBITION OF ARTEMISIA GENTILESCHI'S JUDITH SLAYING HOLOFERNES FROM THE UFFIZI GALLERY AT THE ART INSTITUTE OF CHICAGO FROM OCTOBER 17, 2013, THROUGH JANUARY 9, 2014.IN COLLABORATION WITH THE METROPOLITAN MUSEUM OF ART, FIAC PLANNED AND ORGANIZED A FOCUSED PRESENTATION OF THE DEVOTIONAL PAINTINGS OF PIERO DELLA FRANCESCA CALLED "PIERO DELLA FRANCESCA: PERSONAL ENCOUNTERS." IT WILL BE EXHIBITED AT THE METROPOLITAN MUSEUM OF ART FROM JANUARY 13, 2014 THROUGH MARCH 30, 2014. WITH THE FRICK COLLECTION, FIAC ORGANIZED "THE POETRY OF PARMIGIANINO'S SCHIAVA TURCA" FROM THE NATIONAL GALLERY IN PARMA. IT WILL BE EXHIBITED AT THE FRICK COLLECTION, NEW YORK AND THE FINE ARTS MUSEUMS OF SAN FRANCISCO DE YOUNG/LEGION OF HONOR IN 2014. FIAC PLANNED AND ORGANIZED FOR ITS 2013 EXCELLENCY AWARDS, HELD IN JANUARY 2014. 206599 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 1 0 NY X X THE ORGANIZATION 2129801755 460 PARK AVENUE 11TH FLOOR NEW YORK NY 10022 X ALAIN ELKANN PRESIDENT 1.00 X X 0 0 0 HE AMB DANIELE BODINI CHAIRMAN 1.00 X X 0 0 0 PROFESSOR GIULIANO URBANI DIRECTOR 1.00 X 0 0 0 WILLIAM ACQUAVELLA DIRECTOR 1.00 X 0 0 0 TERRY ALLEN KRAMER 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 JOSEPH PERELLA DIRECTOR 1.00 X 0 0 0 AMB SERGIO VENTO DIRECTOR 1.00 X 0 0 0 RAYMOND AVANSINO DIRECTOR 1.00 X 0 0 0 MR MARIO GABELLI DIRECTOR 1.00 X 0 0 0 AMB CLAUDIO BISOGNIERO DIRECTOR 1.00 X 0 0 0 MR LORENZO BINI-SMAGHI DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 190220 190220 40 40 190260 0 0 40 X 4218 3796 211 211 47936 43144 2396 2396 9186 8266 460 460 23759 23467 292 6659 5993 333 333 DIRECT PROGRAM COSTS 110000 110000 WEBSITE 6756 6080 338 338 DINNER EVENT 5632 5632 MISCELLANEOUS EXPENSES 245 221 12 12 214391 206599 4042 3750 309909 339925 25000 0 6659 2512 16271 16271 0 0 341568 342437 7000 7000 25000 7000 32000 X 334568 310437 334568 310437 341568 342437 -24131 0 X 0 0 0 X 240000 180000 235000 189698 190220 1034918 240000 180000 235000 189698 190220 1034918 630002 404916 159 508 29 35 40 771 1035689 0.39100 0.41460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16271 16271 0 0 X PART X, LINE 2: THE FOUNDATION HAS EVALUATED ALL INCOME TAX POSITIONS AND CONCLUDED THAT NO DISCLOSURES RELATING TO UNCERTAIN POSITIONS WERE REQUIRED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11 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. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 43,144. MANAGEMENT AND GENERAL EXPENSES 2,396. FUNDRAISING EXPENSES 2,396. TOTAL EXPENSES 47,936.