2025-02-27T10:37:42-06:00 2023-12-31 132060851 Owen J Flanagan & Co 445 Hamilton Avenue 11th floor White Plains NY 10601 990 2023-01-01 133599581 FRIENDS OF FAI - THE ITALIAN ENVIRONMENT FOUNDATION INC FRIE 2122423377 CO CASA ITALIANA 24 W 12TH ST NEW YORK NY 10011 JAMES M CAROLAN PRESIDENT 2122423377 2025-02-27 1 0 Kevin Sunkel P00706145 2126822783 2025-02-27 2023 2025-03-06 01:10:19Z JAMES M CAROLAN C/O CASA ITALIANA 24 W 12TH ST NEW YORK NY 10011 843940 0 X WWW.FRIENDSOFFAI.ORG X 1990 DE FOSTER DEEPER U.S. APPRECIATION FOR THE PRESERVATION OF ITALIAN CULTURE AND HISTORICAL HERITAGE 10 10 1 10 0 0 1010123 760350 87720 83590 0 0 0 0 1097843 843940 927690 612000 0 0 144546 147238 28800 479 37288 44519 66449 1145555 826166 -47712 17774 259793 272871 39422 34726 220371 238145 X THE MISSION OF FRIENDS OF FAI IS TO FOSTER IN THE UNITED STATES A DEEPER APPRECIATION OF AND SUPPORT FOR THE PRESERVATION OF ITALIAN CULTURAL AND HISTORICAL HERITAGE REFLECTED IN BUILDINGS AND PROPERTIES OF ARCHITECTURAL AND ENVIRONMENTAL SIGNIFICANCE LOCATED IN ITALY. 0 0 750066 612000 83590 FRIENDS OF FAI ORGANIZES UNIQUE EVENTS, CONFERENCES AND TRIPS FOR THOSE WHO WISH TO HELP FRIENDS OF FAI ACHIEVE ITS MISSION. IT ALSO PROVIDES ITS MEMBERS WITH ADVANCED INFORMATION SO THAT THEY CAN PARTICIPATE IN FRIENDS OF FAI'S ACTIVITIES ON A PRIORITY BASIS. MEMBERS OF FRIENDS OF FAI ARE ABLE TO ACCESS THE VERY BEST OF WHAT ITALY'S CULTURE AND ART HAVE TO OFFER THROUGH THE MANY PERSONAL CONTACTS AND SOURCES THAT ARE AVAILABLE TO FRIENDS OF FAI.SINCE 2001, FRIENDS OF FAI HAS ORGANIZED MANY SPECIAL TRIPS FOR ITS MEMBERS WHICH HAVE INCLUDED VISITS TO: NORTHERN ITALY, SICILY, A TOUR OF FAI'S PROPERTIES IN AND AROUND MILAN, ROME, A SPRING TOUR OF VENETO, A TOUR OF PARMA AND PIACENZA, A TOUR OF GENOA AND THE PORTOFINO, AND TRIESTE AND VENICE.EVERY YEAR FRIENDS OF FAI ORGANIZES CULTURAL ACTIVITIES IN THE UNITED STATES INCLUDING CONFERENCES, SEMINARS, EXHIBITS AND CONCERTS FOR THE PURPOSE OF INFORMING THE PUBLIC OF AND PROMOTING OUR MISSION. 750066 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 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 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 NY X X The Organization 2122423377 C/O CASA ITALIANA 24 W 12TH ST NEW YORK NY 10011 JAMES M CAROLAN PRESIDENT 8.00 X X 0 0 0 SHARLEEN COOPER COHEN VICE-PRESIDENT 2.00 X X 0 0 0 CHIARA DEREGE BOARD MEMBER 1.00 X 0 0 0 DAVIDE USAI BOARD MEMBER 1.00 X 0 0 0 BONA DE FRESCOBALDI BOARD MEMBER 1.00 X 0 0 0 CELINE CROSA DI VERGAGNI SECRETARY 1.00 X X 0 0 0 CLARICE PECORI GIRALDI BOARD MEMBER 1.00 X 0 0 0 VICTORIA JAMES BOARD MEMBER 1.00 X 0 0 0 LAUREL BARRACK BOARD MEMBER 1.00 X 0 0 0 MICHELE EDDIE BOARD MEMBER 1.00 X 0 0 0 AMANDA KUTNER EXECUTIVE DIRECTOR 40.00 X 120750 0 16320 120750 0 16320 1 0 0 0 0 760350 760350 EDUCATIONAL TOUR 900099 83590 83590 83590 843940 83590 0 0 12000 12000 600000 600000 137070 109656 13707 13707 10168 8134 1017 1017 10964 10964 479 479 1655 1655 12901 10322 1290 1289 5991 3937 1856 198 2843 2843 EVENTS 20761 338 20423 BANK & CREDIT CARD FEES 4969 4969 DIRECT PROGRAM 4627 4627 MISC 1738 1390 173 175 826166 750066 38812 37288 243458 261536 6335 6335 14912 14912 0 0 10000 5000 259793 272871 29422 29726 10000 5000 39422 34726 X 220371 238145 220371 238145 259793 272871 17774 0 X 1 X 0 0 0 X 404783 1176365 315200 1010123 760350 3666821 404783 1176365 315200 1010123 760350 3666821 690320 2976501 3666821 283840 0.81170 0.89190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14912 14912 0 0 LEASE LIABILITY 5000 5000 X 843940 0 843940 0 843940 826166 0 826166 0 826166 Part X, Line 2: MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. 0 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION GRANTMAKING 600000 0 0 0 0 0 0 600000 0 600000 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium TO SUPPORT IL GIARDINO DELLA KOLYMBETHRA, THE VELARCA AND OTHER PROJECTS. 600000 WIRE TRANSFER 0 2 0 0 0 0 0 0 0 Part I, Line 2: FRIENDS OF FAI MAKES GRANTS TO FOREIGN ORGANIZATIONS THAT WILL HELP THE ORGANIZATION FURTHER FULFILL ITS MISSION. TO ENSURE THAT GRANT FUNDS ARE USED EXCLUSIVELY FOR CHARITABLE PURPOSES, THE ORGANIZATION ESTABLISHED THE FOLLOWING PROCEDURES: A. PRE-AWARD PROCEDURES. PRIOR TO MAKING A GRANT, THE BOARD SHALL MAKE A LIMITED INQUIRY OF THE POTENTIAL GRANT RECIPIENT THAT IS COMPLETE ENOUGH TO PROVIDE ASSURANCE THAT THE GRANT RECIPIENT WILL USE THE GRANT FOR THE DESIGNATED PURPOSE. IN MOST CASES, THE BOARD SHALL ASCERTAIN WHETHER THE RECIPIENT IS A CHARITY UNDER THE LAWS OF THE U.S. OR WOULD SUBSTANTIALLY QUALIFY AS IF IT WERE OPERATING IN THE U.S. B. AWARD - ORGANIZATION SHALL MEMORIALIZE EACH GRANT OVER $5,000 OR MORE EITHER IN A LETTER TO OR GRANT AGREEMENT WITH THE RECIPIENT. C. POST-AWARD PROCEDURES - FOR ALL AWARDS OVER $5,000, AFTER AN INITIAL AWARD HAS BEEN MADE BY THE BOARD, THE FOLLOWING STEPS SHALL BE TAKEN 1. PRESIDENT & TREASURER SHALL REVIEW THE TERMS, TIME PERIODS, AWARD AMOUNTS AND EXPECTED EXPENDITURES ASSOCIATED WITH THE AWARD. 2. EACH YEAR, THE GRANT RECIPIENT SHALL SEND THE ORGANIZATION A REPORT REGARDING THE GRANT RECIPIENT'S USE OF THE FUNDS, CONFIRMATION OF THE GRANT RECIPIENT'S COMPLIANCE WITH THE TERMS OF THE GRANT AND THE PROGRESS MADE BY THE GRANT RECIPIENT TOWARD ACHIEVING THE PURPOSE OF THE GRANT. 3. A FILE, ESTABLISHED FOR EACH GRANT, SHALL CONTAIN ALL APPROPRIATE DOCUMENTS TO SUCH GRANT. THESE MAY, BUT ARE NOT REQUIRED TO INCLUDE SUCH ITEMS AS THE PROPOSAL, WORK PLAN, BUDGET NARRATIVE, FINANCIAL STATEMENTS AND FILINGS, FISCAL CHECKLIST, GRANTEE QUESTIONAIRE, THE FINAL SIGNED AWARD DOCUMENT AND ALL FOLLOW-UP REPORTS SUBMITTED BY THE GRANT OR FUND RECIPIENT. D. PURPOSE OF GRANT: 1) TO SUPPORT IL GIARDINO DELLA KOLYMBETHRA 2) TO SUPPORT THE VELARCA 2) TO SUPPORT OTHER PROGRAM EXEPENSES Part I, line 3: CASH ;ListTotal 915690 1 NEW YORK UNIVERSITY CO CASA ITALIANA DEPARTMENT OF ITALIAN STUDIES 24 WEST 12TH STREET NEW YORK NY 10011 135562308 501 C 3 12000 0 GRANT FOR ITALIAN STUDIES 1 0 Part I, Line 2: APPROVAL BY BOARD AND POST REVIEW BY PRESIDENT AND TREASURER Form 990, Part VI, Section B, line 11b THE TAX RETURN IS PREPARED IN A JOINT EFFORT OF MANAGEMENT AND THE TAX PROFESSIONALS. A DRAFT COPY IS PROVIDED TO THE BOARD FOR THEIR REVIEW. Form 990, Part VI, Section B, line 12c EACH DIRECTOR IS REQUIRED ANNUALLY TO SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISHES ONE OR MORE OF ITS EXEMPT PURPOSES. Form 990, Part VI, Section B, line 15b COMPENSATION WAS REVIEWED BY OUTSIDE LAW FIRM Form 990, Part VI, Section C, line 18 THE TAX RETURN IS AVAILABLE UPON REQUEST OF THE ORGANIZATION. THE RETURN IS ALSO AVAILABLE ON GUIDESTAR. Form 990, Part VI, Section C, line 19 COPIES OF FINANCIAL STATEMENTS AND ALL BOARD POLICIES ARE AVAILABLE UPON REQUEST OF THE ORGANIZATION.