Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
EIN 27-5497979 • 501(c)3 • New York, NY
Profile
Lafondazione, formerly known as the friends of the italian cultural institute of new york, inc. Is aimed at supporting young italian artists by promoting their integration in the american cultural landscape. The organization supports young american artists, providing access to highly regarded training opportunities in italy. Moreover, la fondazione organizes exhibits, translation projects, audiovisual shows, conferences and other cultural events, both in italy and in the us; such events highlight the principle of cultural cooperation between the two countries.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
16th percentile
Faster asset growth than 16% of similar nonprofits.
Revenue Growth
13th percentile
Faster revenue growth than 13% of similar nonprofits.
Assets
Down$152,210
Down $205,139 (-57%) from 2013
Liabilities
Down$6,925
Down $45 (-0.6%) from 2013
Net Assets
Down$145,285
Down $205,094 (-59%) from 2013
Revenue
Down$232,308
Down $377,416 (-62%) from 2013
Expenses
Up$437,402
Up $51,946 (+13%) from 2013
Net Income
Down-$205,094
Down $429,362 (-191%) from 2013
Most recent year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
Lafondazione, formerly known as the friends of the italian cultural institute of new york, inc. Is aimed at supporting young italian artists by promoting their integration in the american cultural landscape. The organization supports young american artists, providing access to highly regarded training opportunities in italy. Moreover, la fondazione organizes exhibits, translation projects, audiovisual shows, conferences and other cultural events, both in italy and in the us; such events highlight the principle of cultural cooperation between the two countries.
Lafondazione, formerly known as "the friends of the italian cultural institute", is aimed at supporting young italian artists by promoting their integration in the american cultural landscape. The organization supports young american artists, providing access to highly regarded training opportunities in italy. Moreover, la fondazione organizes exhibits, translation projects, audiovisual shows, conferences and other cultural events, both in italy and in the us; such events highlight the principle of cultural cooperation between the two countries.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $196,604 | $95,848 | ▼ $100,756 |
| Pledges and Grants Receivable | $154,500 | $41,500 | ▼ $113,000 |
| Land, Buildings, and Equipment, Net | $2,445 | $4,159 | ▲ $1,714 |
| Total Assets | $357,349 | $152,210 | ▼ $205,139 |
| Other Assets Total | $3,800 | $10,703 | ▲ $6,903 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $6,970 | $6,925 | ▼ $45 |
| Total Liabilities | $6,970 | $6,925 | ▼ $45 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $350,379 | $145,285 | ▼ $205,094 |
| Total Net Assets Fund Balance | $350,379 | $145,285 | ▼ $205,094 |
| Total Liabilities and Net Assets / Fund Balance | $357,349 | $152,210 | ▼ $205,139 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $4,159 | $3,165 | $7,324 |
| Other Assets Org | $10,703 | - | - |
| Name | Title |
|---|---|
| Alain Elkann | Board Member |
| Alberto Milani | Board Member |
| Alvise Casellati | Board Member |
| Barbara Tober | Board Member |
| Claudio Del Vecchio | Board Member |
| Enrico Pellegrini | Board Member |
| Fabrizio Ferri | Board Member |
| Francesca Bodini | Board Member |
| Judy Cox | Board Member |
| Luca Barabino | Board Member |
| Marco Grassi | Board Member |
| Stefano Lucchini | Board Member |
| Steve Acunto | Board Member |
| Christian Moretti | Executive Director and Secretary |
| Riccardo Viale | Founder |
| Line Item | Amount |
|---|---|
| Other Expenses | $372,033 |
| Total Fundraising Expense | $140,240 |
| Salaries, Compensation, and Employee Benefits | $65,369 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $60,000 | $20,000 | $20,000 | $100,000 |
| Other Salaries and Wages | $39,221 | $13,074 | $13,074 | $65,369 |
| Fees for Services Accounting | - | $46,082 | - | $46,082 |
| Occupancy | $25,666 | $8,555 | $8,555 | $42,776 |
| Travel | $19,537 | $3,914 | $11,743 | $35,194 |
| Advertising | $13,609 | $4,536 | $4,536 | $22,681 |
| Other Expenses | $9,658 | $1,993 | $1,993 | $9,658 |
| Fees for Services Legal | - | $7,576 | - | $7,576 |
| All Other Expenses | $2,323 | - | - | $2,323 |
| Insurance | $1,248 | $416 | $416 | $2,080 |
| Depreciation Depletion | $966 | $322 | $322 | $1,610 |
| Office Expenses | $963 | $322 | $322 | $1,607 |
| Total Functional Expenses | $190,372 | $106,790 | $140,240 | $437,402 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $437,402 |
| Total Expenses per Audited Statements | $437,402 |
| Total Expenses per Form 990 | $437,402 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $61,381 |
| Fundraising Gross Income | $61,381 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Gala | $293,689 | $61,381 | $61,381 | $0 |
| Total Events | $293,689 | $61,381 | $61,381 | $0 |
“Form 990 is prepared by the organization's independent accountants. The board of directors reviews the draft 990 before submission to the government.”
“The organization's governing documents and financial statements are available upon request.”
“Consulting fees: program service expenses 60,000. Management and general expenses 20,000. Fundraising expenses 20,000. Total expenses 100,000.”
“Management has evaluated all income tax positions and concluded that no disclosures relating to uncertain tax positions are required in the financial statements.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 6970 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 6925 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | LAFONDAZIONE, FORMERLY KNOWN AS "THE FRIENDS OF THE ITALIAN CULTURAL INSTITUTE", IS AIMED AT SUPPORTING YOUNG ITALIAN ARTISTS BY PROMOTING THEIR INTEGRATION IN THE AMERICAN CULTURAL LANDSCAPE. THE ORGANIZATION SUPPORTS YOUNG AMERICAN ARTISTS, PROVIDING ACCESS TO HIGHLY REGARDED TRAINING OPPORTUNITIES IN ITALY. MOREOVER, LA FONDAZIONE ORGANIZES EXHIBITS, TRANSLATION PROJECTS, AUDIOVISUAL SHOWS, CONFERENCES AND OTHER CULTURAL EVENTS, BOTH IN ITALY AND IN THE US; SUCH EVENTS HIGHLIGHT THE PRINCIPLE OF CULTURAL COOPERATION BETWEEN THE TWO COUNTRIES. |
| IRS990/AddressChangeInd | 0 | X |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 4536 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 4536 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 13609 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 22681 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 2323 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 2323 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2127522961 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 25 EAST 67TH STREET NO ST 7E |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10065 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 196604 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 95848 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContriRptFundraisingEventAmt | 0 | 232308 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 232308 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 372033 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -205094 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 65369 |
| IRS990/CYTotalExpensesAmt | 0 | 437402 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 140240 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 232308 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 322 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 322 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 966 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1610 |
| IRS990/Desc | 0 | THE ORGANIZATION'S MAIN GOALS ARE TO:TO HELP PROMISING YOUNG ITALIAN ARTISTS, DESIGNERS, WRITERS, MUSICIANS AND FILM DIRECTORS GAIN RECOGNITION FROM THE AMERICAN PUBLIC, SINCE THEY ARE REPRESENTATIVES OF ITALY'S CULTURAL FUTURE.TO BRING TO THE U.S.A. INITIATIVES REPRESENTING THE ORIGINALITY, CREATIVITY, AND INNOVATION OF CONTEMPORARY ITALIAN CULTURE.TO ENCOURAGE AN APPRECIATION AND UNDERSTANDING OF LITTLE KNOWN AND NEGLECTED ASPECTS OF THE ITALIAN CULTURAL HERITAGE, THROUGH EVENTS AND PARTNERSHIPS WITH AMERICAN ORGANIZATIONS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 1 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 190372 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 46082 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 46082 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 7576 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 7576 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 20000 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 20000 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 60000 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 100000 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 1.00 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | RICCARDO VIALE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | CHRISTIAN MORETTI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | FABRIZIO FERRI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | LUCA BARABINO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | FRANCESCA BODINI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ALVISE CASELLATI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | CLAUDIO DEL VECCHIO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | ALAIN ELKANN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | MARCO GRASSI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | STEFANO LUCCHINI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | ALBERTO MILANI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | BARBARA TOBER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | ENRICO PELLEGRINI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | JUDY COX |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | STEVE ACUNTO |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | FOUNDER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | EXECUTIVE DIRECTOR AND SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | BOARD MEMBER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2010 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 1 |
| IRS990/FundraisingAmt | 0 | 232308 |
| IRS990/FundraisingDirectExpensesAmt | 0 | 61381 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 61381 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 15 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 293689 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 15 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 416 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 416 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 1248 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 2080 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 6 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 3165 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 2445 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 4159 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 7324 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | LAFONDAZIONE, FORMERLY KNOWN AS THE FRIENDS OF THE ITALIAN CULTURAL INSTITUTE OF NEW YORK, INC. IS AIMED AT SUPPORTING YOUNG ITALIAN ARTISTS BY PROMOTING THEIR INTEGRATION IN THE AMERICAN CULTURAL LANDSCAPE. THE ORGANIZATION SUPPORTS YOUNG AMERICAN ARTISTS, PROVIDING ACCESS TO HIGHLY REGARDED TRAINING OPPORTUNITIES IN ITALY. MOREOVER, LA FONDAZIONE ORGANIZES EXHIBITS, TRANSLATION PROJECTS, AUDIOVISUAL SHOWS, CONFERENCES AND OTHER CULTURAL EVENTS, BOTH IN ITALY AND IN THE US; SUCH EVENTS HIGHLIGHT THE PRINCIPLE OF CULTURAL COOPERATION BETWEEN THE TWO COUNTRIES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 350379 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 145285 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 8555 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 8555 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 25666 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 42776 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 322 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 322 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 963 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 1607 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 3800 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 10703 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | INDIRECT BENEFIT EXPENS |
| IRS990/OtherExpensesGrp/Desc | 1 | SPONSORSHIPS |
| IRS990/OtherExpensesGrp/Desc | 2 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/Desc | 3 | CONFERENCES & EXHIBITS |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 79279 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 1993 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1993 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 11201 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 5980 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 9658 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 79279 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 11201 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 9966 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 9658 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 13074 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 13074 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 39221 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 65369 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 154500 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 41500 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | CHRISTIAN MORETTI |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 518062 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 377056 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 91662 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 224268 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 8400 |
| IRS990/PYTotalExpensesAmt | 0 | 385456 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 609724 |
| IRS990/QuidProQuoContributionsInd | 0 | 1 |
| IRS990/QuidProQuoContriDisclInd | 0 | 1 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -205094 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 232308 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 518062 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 294827 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1045197 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 113871 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.60830 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.46940 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 635759 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 409438 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 232308 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 518062 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 294827 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1045197 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1045197 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 437402 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 10703 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | SECURITY DEPOSIT |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 4159 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 3165 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 7324 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 232308 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | MANAGEMENT HAS EVALUATED ALL INCOME TAX POSITIONS AND CONCLUDED THAT NO DISCLOSURES RELATING TO UNCERTAIN TAX POSITIONS ARE REQUIRED IN THE FINANCIAL STATEMENTS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 4159 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 10703 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 437402 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 232308 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 232308 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 437402 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 232308 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt | 0 | 232308 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 61381 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | GALA |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 293689 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 293689 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 61381 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 61381 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 0 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 61381 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 61381 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. THE BOARD OF DIRECTORS REVIEWS THE DRAFT 990 BEFORE SUBMISSION TO THE GOVERNMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CONSULTING FEES: PROGRAM SERVICE EXPENSES 60,000. MANAGEMENT AND GENERAL EXPENSES 20,000. FUNDRAISING EXPENSES 20,000. TOTAL EXPENSES 100,000. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART IX, LINE 11G |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 357349 |
| IRS990/TotalAssetsEOYAmt | 0 | 152210 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 357349 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 152210 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 232308 |
| IRS990/TotalEmployeeCnt | 0 | 1 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 140240 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 106790 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 190372 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 437402 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 6970 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 6925 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 6970 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 6925 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 350379 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 145285 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 190372 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
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