Nonprofit · EIN 83-1666946
MAGAZZINO ITALIAN ART FOUNDATION
Tax-exempt · COLD SPRING, NY 10516
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,579,484 | $4,771,524 | -$192,040 | $26,925,035 | $1,559,795 | $25,365,240 |
| December 31, 2023 | 990-PF | $9,448,907 | $4,472,878 | $4,976,029 | $27,153,555 | $1,596,275 | $25,557,280 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,627,709
- Interest
- $2
- Other income
- $951,773
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $1,576,806
- Disbursements for charitable purposes
- $3,160,397
Balance sheet and other
- Total assets, start of year
- $27,153,555
- Total assets, end of year
- $26,925,035
- Total liabilities, end of year
- $1,559,795
- Net assets, end of year
- $25,365,240
- Fair market value of assets
- $26,925,035
- Qualifying distributions
- $3,316,632
- Net investment income
- $116,745
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA FRENCIA C/O MAGAZZINO FOUNDATION 733 3RD, AVE, NEW YORK, NY 10017 | EXHIBITION & PROGRAM Highest-paid employee | 40 | $88,709 | $9,311 |
| THOMAS HUBER C/O MAGAZZINO FOUNDATION 733 3RD, AVE, NEW YORK, NY 10017 | FACILITY MANAGER Highest-paid employee | 40 | $87,500 | $9,311 |
| ADAM SHEFFER C/O MAGAZZINO FOUNDATION 733 3RD, AVE, NEW YORK, NY 10017 | DIRECTOR Highest-paid employee | 40 | $82,640 | $2,351 |
| LUCA GALLI C/O MAGAZZINO FOUNDATION 733 3RD, AVE, NEW YORK, NY 10017 | CHEF Highest-paid employee | 40 | $82,500 | $9,311 |
| JAMES NICHOLAS C/O MAGAZZINO FOUNDATION 733 3RD, AVE, NEW YORK, NY 10017 | SHUTTLE BUS DRIVER/V Highest-paid employee | 40 | $64,919 | $9,311 |
| NANCY OLNICK C/O EISNER ADVISORY GRP733 3RD AVE, NEW YORK, NY 10017 | TRUSTEE | 5 | $0 | $0 |
| GIORGIO SPANU C/O EISNER ADVISORY GRP733 3RD AVE, NEW YORK, NY 10017 | TRUSTEE | 10 | $0 | $0 |
| STELLA SPANU C/O EISNER ADVISORY GRP733 3RD AVE, NEW YORK, NY 10017 | TRUSTEE | 1 | $0 | $0 |
| DIANA SCHULTE C/O EISNER ADVISORY GRP733 3RD AVE, NEW YORK, NY 10017 | SECRETARY/TREASURER | 10 | $0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VITTORIO CALABRESE C/O MAGAZZINO FOUNDATION 733 3RD, AVE, NEW YORK, NY 10017 | DIRECTOR Highest-paid employee | 40 | $200,000 | $8,623 |
| KAROLINA CHOJNOWSKA C/O MAGAZZINO FOUNDATION 733 3RD, AVE, NEW YORK, NY 10017 | HEAD OF COMMUNICATIO Highest-paid employee | 40 | $110,000 | $8,623 |
| GRACE ASTROVE C/O MAGAZZINO FOUNDATION 733 3RD, AVE, NEW YORK, NY 10017 | DEVELOPMENT Highest-paid employee | 40 | $106,135 | $5,775 |
| THOMAS HUBER C/O MAGAZZINO FOUNDATION 733 3RD, AVE, NEW YORK, NY 10017 | FACILITY MANAGER Highest-paid employee | 40 | $85,000 | $8,623 |
| LAURA FRENCIA C/O MAGAZZINO FOUNDATION 733 3RD, AVE, NEW YORK, NY 10017 | EXHIBITION & PROGRAM Highest-paid employee | 40 | $80,000 | $8,623 |
| NANCY OLNICK C/O EISNER ADVISORY GRP733 3RD AVE, NEW YORK, NY 10017 | TRUSTEE | 5 | $0 | $0 |
| GIORGIO SPANU C/O EISNER ADVISORY GRP733 3RD AVE, NEW YORK, NY 10017 | TRUSTEE | 10 | $0 | $0 |
| STELLA SPANU C/O EISNER ADVISORY GRP733 3RD AVE, NEW YORK, NY 10017 | TRUSTEE | 1 | $0 | $0 |
| DIANA SCHULTE C/O EISNER ADVISORY GRP733 3RD AVE, NEW YORK, NY 10017 | SECRETARY/TREASURER | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2700 ROUTE 9, COLD SPRING, NY 10516-3640
- In care of
- % EISNER ADVISORY GROUP LLC
- Signed the 990-PF
- NANCY OLNICK, TRUSTEE
- Phone
- (212) 894-4054
- Website
- WWW.MAGAZZINO.ART
- Return prepared by
- EISNER ADVISORY GROUP LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 83-1666946
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A51)
- Assets (IRS master file)
- $26,925,035
- Income (IRS master file)
- $4,579,484
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,579,484 | $4,771,524 | $26,925,035 | XML |
| 990-PF | December 2023 | $9,448,907 | $4,472,878 | $27,153,555 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-1666946).
Questions about MAGAZZINO ITALIAN ART FOUNDATION
- What is the EIN of MAGAZZINO ITALIAN ART FOUNDATION?
- The employer identification number (EIN) of MAGAZZINO ITALIAN ART FOUNDATION is 83-1666946.
- Is MAGAZZINO ITALIAN ART FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to MAGAZZINO ITALIAN ART FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does MAGAZZINO ITALIAN ART FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAGAZZINO ITALIAN ART FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGAZZINO ITALIAN ART FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MAGAZZINO ITALIAN ART FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 5 received compensation from the organization, the highest $88,709 (LAURA FRENCIA, EXHIBITION & PROGRAM).
- How much revenue does MAGAZZINO ITALIAN ART FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,579,484, expenses of $4,771,524 and total assets of $26,925,035 at year end.
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