2013-10-28T10:11:18-05:00 2012-12-31 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2012-01-01 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 2129801755 2013-10-25 1 P00881958 2126972299 2012 2016-02-25 16:41:14Z ANGIE LO 460 PARK AVENUE NEW YORK NY 10022 189733 0 X WWW.FIACFOUNDATION.ORG X 2004 NY TO SPREAD ITALIAN CULTURE IN THE UNITED STATES. 17 17 0 0 0 0 235000 189698 0 0 29 35 0 0 235029 189733 0 0 0 0 0 0 0 0 3069 119444 161467 119444 161467 115585 28266 320650 341568 16719 7000 303931 334568 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 147569 IN 2012, FIAC PLANNED AND ORGANIZED THREE EXHIBITIONS TO BE HELD IN 2013-2014. ARTEMISIA GENTILESCHI'S JUDITH SLAYING HOLOFERNES FROM THE UFFIZI GALLERY WILL BE EXHIBITED AT THE ART INSTITUTE OF CHICAGO FROM OCTOBER 17 THROUGH JANUARY 9, 2014.PIERO DELLA FRANCESCA'S ST. JEROME WITH A DONOR FROM THE ACCADEMIA VENEZIANA VENICE AND MADONNA DI SENIGALLIA FROM URBINO WILL BE EXHIBITED AT THE METROPOLITAN MUSEUM OF ART FROM JANUARY 13, 2014 THROUGH MARCH 30, 2014. PARMIGIANINO'S THE TURKISH SLAVE FROM THE NATIONAL GALLERY IN PARMA WILL BE EXHIBITED AT FRICK COLLECTION, NEW YORK FROM MAY 13, 2014 THROUGH JULY 2, 2014. FIAC PLANNED AND ORGANIZED FOR ITS 2012 EXCELLENCY AWARDS, HELD IN JANUARY 2013. 147569 1 1 0 0 0 0 0 0 0 0 1 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 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 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 1.00 X X 0 0 0 HE AMB DANIELE BODINI 1.00 X X 0 0 0 PROFESSOR GIULIANO URBANI 1.00 X 0 0 0 WILLIAM ACQUAVELLA 1.00 X 0 0 0 TERRY ALLEN KRAMER 1.00 X 0 0 0 JOHN DYSON 1.00 X 0 0 0 MASSIMO FERRAGAMO 1.00 X 0 0 0 JOSEPH PERELLA 1.00 X 0 0 0 CARLO PERRONE 1.00 X 0 0 0 PROFESSOR RICCARDO VIALE 1.00 X 0 0 0 AMB SERGIO VENTO 1.00 X 0 0 0 MR MARIO GABELLI 1.00 X 0 0 0 RAYMOND AVANSINO 1.00 X 0 0 0 HON MARIO BACCINI 1.00 X 0 0 0 MIN MASSIMO BRAY 1.00 X 0 0 0 AMB CLAUDIO BISOGNIERO 1.00 X 0 0 0 MR LORENZO BINI-SMAGHI 1.00 X 0 0 0 0 0 0 0 0 0 0 0 189698 189698 35 35 189733 0 0 35 X 6679 6011 333 335 35180 31662 1759 1759 8435 7592 420 423 215 193 11 11 45074 37310 7764 229 207 11 11 7428 6685 372 371 DIRECT PROGRAM COSTS 50000 50000 DINNER EVENT 5052 5052 PRINTING 2437 2193 122 122 MISCELLANEOUS EXPENSES 738 664 37 37 161467 147569 10829 3069 302356 309909 25000 6659 16271 16271 229 0 18065 320650 341568 16719 7000 16719 7000 X 303931 334568 303931 334568 320650 341568 28266 2371 0 X X 1 X 0 1 0 X 292970 240000 180000 235000 189698 1137668 292970 240000 180000 235000 189698 1137668 665603 472065 151 159 508 29 35 882 1138550 0.41460 0.41520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16271 16271 0 0 X 200679 2371 8575 10946 189733 0 189733 170042 8575 8575 161467 0 161467 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 THERE ARE NO PAID OFFICERS OR KEY EMPLOYEES THAT ARE PAID OVER $150,000 FOR THE ORGANIZATION. THERE IS ONE OUTSIDE CONSULTANT (FORM 1099 BASIS) WHOSE COMPENSATION IS DETERMINED BY THE BOARD (USUALLY BY THE CHAIRMAN, LAWYER/SECRETARY) BEFORE HIRING. 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. OTHER FEES FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 31,662. MANAGEMENT AND GENERAL EXPENSES 1,759. FUNDRAISING EXPENSES 1,759. TOTAL EXPENSES 35,180. AUDIT OVERSIGHT PART XI, LINE 2C THE PROCESS OF OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.