TY 2020 Form 990

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

CENTER FOR ITALIAN MODERN ART INC

Employer identification number

46-2634158

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2020

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	916,180	749,952	1,015,486	951,302	684,189	4,317,109
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	916,180	749,952	1,015,486	951,302	684,189	4,317,109
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						3,377,633
6	Public support. Subtract line 5 from line 4.						939,476

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
7	Amounts from line 4..	916,180	749,952	1,015,486	951,302	684,189	4,317,109
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...					8	8
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..			4,606	2,777	1,557	8,940
11	Total support. Add lines 7 through 10						4,326,057

Gross receipts from related activities, etc. (see instructions) ..................

113,430

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2020 (line 6, column (f) divided by line 11, column (f)) .........

21.720 %

Public support percentage for 2019 Schedule A, Part II, line 14 ...............

22.550 %

16a

33 1/3% support test—2020. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2019. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2020. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2019. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2020

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Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2020 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2019 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2020 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2019 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2020. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2019. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2020

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990 or 990-EZ) 2020

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Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described in 11a above?

11b

A 35% controlled entity of a person described in line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2020

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2020

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2020 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2020	(iii) Distributable Amount for 2020
1 Distributable amount for 2020 from Section C, line 6
2 Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2020:
a From 2015.......
b From 2016.......
c From 2017.......
d From 2018.......
e From 2019.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2020 distributable amount
i Carryover from 2015 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2020 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2020 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2021. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2016.....
b Excess from 2017.....
c Excess from 2018.....
d Excess from 2019.....
e Excess from 2020.....

Schedule A (Form 990 or 990-EZ) (2020)

Schedule A (Form 990 or 990-EZ) 2020

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test
THE CENTER FOR ITALIAN MODERN ART (CIMA) QUALIFIES AS PUBLICLY SUPPORTED BECAUSE IT MEETS THE 10% PLUS FACTS-AND-CIRCUMSTANCES TEST UNDER TREAS REG. 1.170A-9(E)(3) IN THE FOLLOWING RESPECTS:10% OF SUPPORT LIMITATION - AT 21.72% CIMA 'S PUBLIC SUPPORT PERCENTAGE FOR 2020 EXCEEDED 10% AND DEMONSTRATES AN UPWARDS TREND IN PUBLIC SUPPORT FROM THE YEAR PRIOR CIMA OVERVIEW AND BACKGROUND:THE YEAR 2020 PROVED TO BE A UNIQUELY CHALLENGING ONE, PARTICULARLY FOR MUSEUMS AND CULTURAL INSTITUTIONS, DUE TO THE WORLDWIDE OUTBREAK OF THE COVID-19 PANDEMIC. THE FINANCIAL PRESSURES CREATED BY THE PANDEMIC AND THE RESTRICTIONS ON IN-PERSON EVENTS NECESSARILY PREVENTED CIMA FROM ACHIEVING ITS FUNDRAISING GOALS. NEVERTHELESS, AS OUTLINED BELOW, CIMA WAS ABLE TO SUSTAIN AND FOSTER ITS MISSION THROUGHOUT THE PANDEMIC AND HAS EMERGED IN A STRONG POSITION TO EXPAND ITS APPEAL TO A BROAD AUDIENCE GOING FORWARD. THE FIRST THREE MONTHS OF 2020 REFLECTED BUSINESS AS USUAL, WITH CIMA ENJOYING A HIGH LEVEL OF PUBLIC RECOGNITION IN CONNECTION WITH THE SUCCESSFUL EXHIBITION OF MARINO MARINI, A MAJOR FIGURE IN ITALIAN 20TH CENTURY ART.INDEED, IN LINE WITH ITS UNIQUE CULTURAL FORMAT OF LONG AND IN DEPTH FOCUS FROM MULTIPLE PERSPECTIVES, BEFORE THE LOCKDOWN CIMA SPONSORED A NUMBER OF SUCCESSFUL EVENTS: A TALK BY SEBASTIANO BARASSI ON MARINO MARINI AND HENRY MOORE ON JANUARY 14, 2020; APERITIVO AND DRAWING NIGHT WITH KAITLIN MCDONOUGH ON JANUARY 28, 2020; A PRIVATE EVENT FOR NEW YORK ITALIAN WOMEN ON FEBRUARY 6, 2020; A DIALOGUE BETWEEN PROFESSORS ANN KUTTNER AND CLEMENTE MARCONI ON MARINI'S SCULPTURES VIS--VIS THEIR ARCHEOLOGICAL SOURCES ON FEBRUARY 11, 2020; CIMA'S 6TH ANNIVERSARY RECEPTION ON FEBRUARY 20, 2020; AND A TALK BY FERESHTEH DAFTARI ON THE RELATIONSHIP BETWEEN PARVIZ TANAVOLI AND MARINO MARINI ON MARCH 10, 2020.NOTWITHSTANDING THE CHALLENGING CIRCUMSTANCES, CIMA CLOSE TO THE PUBLIC FROM MARCH 13 TO JANUARY 25, 2021 - DECIDED TO MAINTAIN ITS TIES TO ITS COMMUNITY AND TO PURSUE ITS CULTURAL MISSION AS AN ANTIDOTE TO THE SITUATION.AND INDEED, ALTHOUGH THE PHYSICAL LOCATION WAS INACCESSIBLE, CIMA WAS ABLE TO STRENGTHEN ITS VIRTUAL PRESENCE, CONTINUING TO ENGAGE ITS MEMBERS AND THE GENERAL PUBLIC WITH A NUMBER OF INITIATIVES SUCH AS: A PAST FELLOWS SERIES, IN WHICH FORMER CIMA FELLOWS SHARED UPDATES REGARDING THEIR PROFESSIONAL PATH, CURRENT RESEARCH AND ACTIVITIES; A PHOTO PROJECT BY ARTIST JAN MEISSNER, TITLED CORONA NIGHTS, DEDICATED TO HER PHOTOGRAPHY PRACTICE DURING THE LOCKDOWN; A LETTER IN SUPPORT OF BLM PROTESTS; A FILM DEDICATED TO THE EXHIBITION MARINO MARINI: ARCADIAN NUDES, WITH ORIGINAL MUSIC WRITTEN AND PERFORMED FOR THE EXHIBITION BY STEFAN ZENIUK; AND THE FOURTH ISSUE OF CIMA'S ONLINE JOURNAL, ITALIAN MODERN ART.AS A CONSEQUENCE, CIMA CONTINUED TO ATTRACT WIDESPREAD INTEREST THROUGH ITS DIGITAL OFFERING: ITS WEBSITE TOTALED 71,237 UNIQUE VISITORS, WITH A MONTHLY AVERAGE OF APPROXIMATELY 6,000 VISITORSITS FACEBOOK PAGE EXPANDED ITS FAN BASE FROM 5,354 TO 5,587 FANSTWITTER FOLLOWERS INCREASED FROM 2,753 TO 2,992, WITH AN AVERAGE OF APPROXIMATELY 28,000 MONTHLY IMPRESSIONSINSTAGRAM FOLLOWERS INCREASED FROM 6,173 TO 6,848, WITH AN AVERAGE OF 14,734 MONTHLY IMPRESSIONS.IT IS ALSO REMARKABLE TO NOTE THAT IN 2020 THE NUMBER OF MEMBERS HELD STEADY, WITH ONLY A SMALL REDUCTION (144 AS OPPOSED TO 152).IN AN ATTEMPT TO INCREASE ITS PRESENCE, CIMA, WHICH OBTAINED PPP SUPPORT, NOT ONLY DID NOT LET GO ANY OF ITS EMPLOYEES, BUT RATHER IN SEPTEMBER 2020 HIRED A MANAGING DIRECTOR (WHO THEN LEFT IN SPRING 2021), WHOSE MAIN TASK WAS DEVOTED TO FUNDRAISING AN OBJECTIVE THAT IN THE MIDST OF THE PANDEMIC, PROVED TO BE UNOBTAINABLE FOR VIRTUALLY ANY CULTURAL INSTITUTION.HOWEVER, THIS DID NOT PREVENT CIMA FROM MOUNTING A MAJOR NEW EXHIBITION DEDICATED TO THE ITALIAN POPULAR ARTIST MARIO SCHIFANO, WHICH EVENTUALLY OPENED TO THE PUBLIC IN JANUARY 2021 AND TURNED OUT TO BE ONE OF THE MOST SUCCESSFUL CULTURAL EVENTS OF THE YEAR IN NEW YORK, ACCLAIMED BY BOTH CRITICS AND PUBLIC ALIKE. IN CONJUNCTION WITH THE EXHIBITION, CIMA ALSO RESTARTED ITS AMBITIOUS FELLOWSHIP PROGRAM, WHICH REPRESENTS ONE OF THE FOUNDING PILLARS OF SCHOLARSHIP AT CIMA.IN THESE DIFFICULT CIRCUMSTANCES, SUPPORT FROM PUBLIC CONTRIBUTIONS REPRESENTED 13% OF CIMA'S ANNUAL REVENUE, A FIGURE THAT CONFIRMS THE IMPORTANCE OF CIMA'S ROLE FOR THE INTERNATIONAL CULTURAL COMMUNITY THAT IT SERVES.

Facts And Circumstances Test

THE CENTER FOR ITALIAN MODERN ART (CIMA) QUALIFIES AS PUBLICLY SUPPORTED BECAUSE IT MEETS THE 10% PLUS FACTS-AND-CIRCUMSTANCES TEST UNDER TREAS REG. 1.170A-9(E)(3) IN THE FOLLOWING RESPECTS:10% OF SUPPORT LIMITATION - AT 21.72% CIMA 'S PUBLIC SUPPORT PERCENTAGE FOR 2020 EXCEEDED 10% AND DEMONSTRATES AN UPWARDS TREND IN PUBLIC SUPPORT FROM THE YEAR PRIOR CIMA OVERVIEW AND BACKGROUND:THE YEAR 2020 PROVED TO BE A UNIQUELY CHALLENGING ONE, PARTICULARLY FOR MUSEUMS AND CULTURAL INSTITUTIONS, DUE TO THE WORLDWIDE OUTBREAK OF THE COVID-19 PANDEMIC. THE FINANCIAL PRESSURES CREATED BY THE PANDEMIC AND THE RESTRICTIONS ON IN-PERSON EVENTS NECESSARILY PREVENTED CIMA FROM ACHIEVING ITS FUNDRAISING GOALS. NEVERTHELESS, AS OUTLINED BELOW, CIMA WAS ABLE TO SUSTAIN AND FOSTER ITS MISSION THROUGHOUT THE PANDEMIC AND HAS EMERGED IN A STRONG POSITION TO EXPAND ITS APPEAL TO A BROAD AUDIENCE GOING FORWARD. THE FIRST THREE MONTHS OF 2020 REFLECTED BUSINESS AS USUAL, WITH CIMA ENJOYING A HIGH LEVEL OF PUBLIC RECOGNITION IN CONNECTION WITH THE SUCCESSFUL EXHIBITION OF MARINO MARINI, A MAJOR FIGURE IN ITALIAN 20TH CENTURY ART.INDEED, IN LINE WITH ITS UNIQUE CULTURAL FORMAT OF LONG AND IN DEPTH FOCUS FROM MULTIPLE PERSPECTIVES, BEFORE THE LOCKDOWN CIMA SPONSORED A NUMBER OF SUCCESSFUL EVENTS: A TALK BY SEBASTIANO BARASSI ON MARINO MARINI AND HENRY MOORE ON JANUARY 14, 2020; APERITIVO AND DRAWING NIGHT WITH KAITLIN MCDONOUGH ON JANUARY 28, 2020; A PRIVATE EVENT FOR NEW YORK ITALIAN WOMEN ON FEBRUARY 6, 2020; A DIALOGUE BETWEEN PROFESSORS ANN KUTTNER AND CLEMENTE MARCONI ON MARINI'S SCULPTURES VIS--VIS THEIR ARCHEOLOGICAL SOURCES ON FEBRUARY 11, 2020; CIMA'S 6TH ANNIVERSARY RECEPTION ON FEBRUARY 20, 2020; AND A TALK BY FERESHTEH DAFTARI ON THE RELATIONSHIP BETWEEN PARVIZ TANAVOLI AND MARINO MARINI ON MARCH 10, 2020.NOTWITHSTANDING THE CHALLENGING CIRCUMSTANCES, CIMA CLOSE TO THE PUBLIC FROM MARCH 13 TO JANUARY 25, 2021 - DECIDED TO MAINTAIN ITS TIES TO ITS COMMUNITY AND TO PURSUE ITS CULTURAL MISSION AS AN ANTIDOTE TO THE SITUATION.AND INDEED, ALTHOUGH THE PHYSICAL LOCATION WAS INACCESSIBLE, CIMA WAS ABLE TO STRENGTHEN ITS VIRTUAL PRESENCE, CONTINUING TO ENGAGE ITS MEMBERS AND THE GENERAL PUBLIC WITH A NUMBER OF INITIATIVES SUCH AS: A PAST FELLOWS SERIES, IN WHICH FORMER CIMA FELLOWS SHARED UPDATES REGARDING THEIR PROFESSIONAL PATH, CURRENT RESEARCH AND ACTIVITIES; A PHOTO PROJECT BY ARTIST JAN MEISSNER, TITLED CORONA NIGHTS, DEDICATED TO HER PHOTOGRAPHY PRACTICE DURING THE LOCKDOWN; A LETTER IN SUPPORT OF BLM PROTESTS; A FILM DEDICATED TO THE EXHIBITION MARINO MARINI: ARCADIAN NUDES, WITH ORIGINAL MUSIC WRITTEN AND PERFORMED FOR THE EXHIBITION BY STEFAN ZENIUK; AND THE FOURTH ISSUE OF CIMA'S ONLINE JOURNAL, ITALIAN MODERN ART.AS A CONSEQUENCE, CIMA CONTINUED TO ATTRACT WIDESPREAD INTEREST THROUGH ITS DIGITAL OFFERING: ITS WEBSITE TOTALED 71,237 UNIQUE VISITORS, WITH A MONTHLY AVERAGE OF APPROXIMATELY 6,000 VISITORSITS FACEBOOK PAGE EXPANDED ITS FAN BASE FROM 5,354 TO 5,587 FANSTWITTER FOLLOWERS INCREASED FROM 2,753 TO 2,992, WITH AN AVERAGE OF APPROXIMATELY 28,000 MONTHLY IMPRESSIONSINSTAGRAM FOLLOWERS INCREASED FROM 6,173 TO 6,848, WITH AN AVERAGE OF 14,734 MONTHLY IMPRESSIONS.IT IS ALSO REMARKABLE TO NOTE THAT IN 2020 THE NUMBER OF MEMBERS HELD STEADY, WITH ONLY A SMALL REDUCTION (144 AS OPPOSED TO 152).IN AN ATTEMPT TO INCREASE ITS PRESENCE, CIMA, WHICH OBTAINED PPP SUPPORT, NOT ONLY DID NOT LET GO ANY OF ITS EMPLOYEES, BUT RATHER IN SEPTEMBER 2020 HIRED A MANAGING DIRECTOR (WHO THEN LEFT IN SPRING 2021), WHOSE MAIN TASK WAS DEVOTED TO FUNDRAISING AN OBJECTIVE THAT IN THE MIDST OF THE PANDEMIC, PROVED TO BE UNOBTAINABLE FOR VIRTUALLY ANY CULTURAL INSTITUTION.HOWEVER, THIS DID NOT PREVENT CIMA FROM MOUNTING A MAJOR NEW EXHIBITION DEDICATED TO THE ITALIAN POPULAR ARTIST MARIO SCHIFANO, WHICH EVENTUALLY OPENED TO THE PUBLIC IN JANUARY 2021 AND TURNED OUT TO BE ONE OF THE MOST SUCCESSFUL CULTURAL EVENTS OF THE YEAR IN NEW YORK, ACCLAIMED BY BOTH CRITICS AND PUBLIC ALIKE. IN CONJUNCTION WITH THE EXHIBITION, CIMA ALSO RESTARTED ITS AMBITIOUS FELLOWSHIP PROGRAM, WHICH REPRESENTS ONE OF THE FOUNDING PILLARS OF SCHOLARSHIP AT CIMA.IN THESE DIFFICULT CIRCUMSTANCES, SUPPORT FROM PUBLIC CONTRIBUTIONS REPRESENTED 13% OF CIMA'S ANNUAL REVENUE, A FIGURE THAT CONFIRMS THE IMPORTANCE OF CIMA'S ROLE FOR THE INTERNATIONAL CULTURAL COMMUNITY THAT IT SERVES.

Return Reference	Explanation
SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	OTHER - 2018 AMOUNT: $ 4,606. 2019 AMOUNT: $ 2,777. 2020 AMOUNT: $ 1,557.
CONT. - PART II, SECTION C, LINE 17A, FACTS AND CIRCUMSTANCE	"FOR MANY OF THESE EVENTS, WE ENJOYED EXCELLENT ITALIAN FARE PROVIDED BY GIOVANNI RANA PASTIFICIO E CUCINA, THE GENEROUS SPONSOR OF OUR ENTIRE INAUGURAL YEAR. WE ALSO ENJOYED THE DONATIONS OF DEPERO SEASON SPONSORS CAMPARI USA, NINO FRANCO PROSECCO, AND LAVAZZA, AND ARE HOPEFUL THESE SPONSORSHIPS WILL CONTINUE INTO THIS SECOND SEASON WE LAUNCHED OUR WEBSITE IN FEBRUARY, AND ADDED A BLOG IN MAY. OVER 1200 PEOPLE JOINED OUR MAILING LIST DURING THE COURSE OF THIS FIRST SEASON. WE BEGAN OUR MEMBERSHIP PROGRAM TOWARDS THE END OF THE SEASON." IN NOVEMBER OF 2014, THE BOARD RETAINED A CONSULTANT FOR FUNDRAISING WHO PREPARED A FUNDRAISING STRATEGY. ALTHOUGH THE CONSULTANT WAS UNABLE TO CONTINUE HER WORK, THE ADVICE SHE PROVIDED LED CIMA TO FURTHER DEVELOP ITS SOCIAL MEDIA PRESENCE (FOR A COMPLETE ACCOUNT OF CIMA SOCIAL MEDIA NUMBERS PLEASE SEE THE PARAGRAPH "CIMA'S SOCIAL MEDIA PRESENCE" BELOW). IN 2015, CIMA APPLIED FOR AND WAS ACCEPTED INTO THE NEW YORK FOUNDATION FOR THE ARTS ("NYFA") INCUBATOR PROGRAM, WHICH PROVIDES SUPPORT AND GUIDANCE TO PARTICIPANTS IN THEIR STRATEGIC PLANNING AND FUNDRAISING PLANNING PROCESS. THANKS TO THIS PROGRAM, CIMA WAS ABLE TO WORK WITH A FUNDRAISER FOR FREE WHO ADVISED OUR EXECUTIVE DIRECTOR TO APPLY EXTENSIVELY FOR PUBLIC GRANTS. CIMA ALSO RECEIVED GRANTS FROM NYFA TO USE FOR PROFESSIONAL SERVICES. IN 2016, CIMA HIRED A SECOND FUNDRAISING CONSULTANT, WHO FOCUSED ON ASSISTING CIMA IN APPLYING FOR PUBLIC GRANTS. HE SERVED FROM 2016 - 2018. DURING THIS PERIOD, CIMA APPLIED FOR AND RECEIVED SEVERAL GRANTS, INCLUDING $22,500 FROM THE GLADYS KRIEBLE DELMAS FOUNDATION TO LAUNCH CIMA'S ONLINE JOURNAL, ITALIAN MODERN ART, AND FROM THE TERRA FOUNDATION FOR THE AMERICAN ARTS TO SUPPORT THE FEBRUARY 2019 CIMA STUDY DAYS. DURING THIS PERIOD, CIMA RECOGNIZED THAT GRANT APPLICATIONS ALONE WERE NOT GOING TO PROVIDE CIMA WITH THE PUBLIC FUNDING IT SOUGHT, AND THAT OTHER SOURCES OF FUNDING WOULD BE NEEDED. FURTHER THE GRANT APPLICATION PROCESS WAS VERY TIME-CONSUMING FOR CIMA'S SMALL STAFF. ACCORDINGLY, DURING 2016-2018 CIMA BEGAN FORMALIZING A STRATEGIC PLAN AND A FUNDRAISING PLAN. THE BOARD WORKED WITH CIMA'S THEN EXECUTIVE DIRECTOR TO PREPARE A FUNDRAISING PLAN. WHILE THIS PLAN WAS STILL A WORK IN PROGRESS, THE EXECUTIVE DIRECTOR RESIGNED AND LEFT CIMA IN LATE JUNE OF 2018. CIMA IMMEDIATELY HIRED A NEW EXECUTIVE DIRECTOR AND CONTINUED TO WORK ON A FUNDRAISING PLAN. IN THE SPRING OF 2019, THE BOARD HIRED A FUNDRAISING CONSULTANT WHO RECOMMENDED A PLAN THAT THE BOARD AGREED WITH. THAT PLAN COVERED STRATEGIES FOR INCREASING GIFTS FROM INDIVIDUALS, GOVERNMENT FUNDING AND FOUNDATION FUNDING. HOWEVER, SHORTLY THEREAFTER THE NEW EXECUTIVE DIRECTOR RESIGNED IN JULY OF 2019. IT IS VERY DIFFICULT TO FUNDRAISE WITHOUT AN EXECUTIVE DIRECTOR. CIMA HIRED THEN TWO EXECUTIVE SEARCH CONSULTANTS TO FIND A REPLACEMENT WITH THE MANAGEMENT AND DEVELOPMENT SKILLS TO EXECUTE THE FUNDRAISING PLAN. IN SEPTEMBER 2020 CIMA HIRED A MANAGING DIRECTOR WHO PREVIOUSLY WORKED AT CIMA AND POSSESSED SIGNIFICANT FUNDRAISING AND MANAGEMENT EXPERIENCE. CIMA HAS ALSO EMPLOYED AN ESTABLISHED PUBLIC RELATIONS FIRM WHO IS HELPING TO TARGET POTENTIAL FUNDRAISING AUDIENCES AND EXPAND CIMA'S PUBLIC REACH AND RECOGNITION. DESPITE THESE OBSTACLES IN 2018, THE BOARD WAS ABLE TO IMPLEMENT SOME OF ITS STRATEGIC GOALS THAT IMPACT FUNDRAISING. THESE INCLUDE BOARD DEVELOPMENT, MORE FULLY DISCUSSED BELOW UNDER THE HEADING "CIMA'S BOARD AND BOARD DEVELOPMENT AND INCLUDED THE CREATION OF CIMA'S ON-LINE JOURNAL WHICH CONTINUED TO BE UPDATED IN 2019 AND INCREASED CIMA'S VISIBILITY AND STATURE IN THE ART WORLD. CIMA IS ALSO FOCUSED ON FUNDRAISING DIRECTED AT SUPPORT FOR ITS FELLOWSHIP PROGRAM AND IS PITCHING ENDOWED FELLOWSHIPS TO INDIVIDUALS AND CORPORATIONS. THESE EFFORTS HAVE BEGUN TO BEAR FRUIT, WITH GRANTS FROM THE DELMAS FOUNDATION DESCRIBED ABOVE AND A DONATION FROM CHRISTIE'S TO SUPPORT THE FELLOWSHIP PROGRAM. CURRENT MAJOR INDIVIDUAL AND CORPORATE DONORS ARE RECOGNIZED ON CIMA'S WEBSITE. (HTTPS://WWW.ITALIANMODERNART.ORG/CORPORATE-PATRONS-AND-INDIVIDUAL-DONOR S/). IN ADDITION, CIMA BOARD MEMBERS HAVE INTENSIFIED OUTREACH EFFORTS TO ENGAGE THE COMMUNITY AND BUILD A NETWORK OF SUPPORT FOR CIMA'S ACTIVITIES (E.G. BOARD MEMBERS HAVE BEEN WORKING EXTENSIVELY TO STRENGTHEN THE CONNECTION BETWEEN CIMA AND THE ITALIAN-AMERICAN COMMUNITY), ALWAYS REFLECTING THE INTERESTS OF THE PUBLIC. CIMA MEMBERSHIP PROGRAM SINCE ITS FOUNDING, CIMA HAS BUILT A DEDICATED COMMUNITY OF MEMBERS, EVIDENCED BY THE LARGE VOLUME OF MEMBERSHIP RENEWALS IT RECEIVES THROUGHOUT THE YEAR. CIMA'S EDUCATIONAL MISSION IS EVIDENT IN EVERY PROGRAM AND ACTIVITY IT ORGANIZES. CIMA HAS A STRONG TRACK RECORD OF BUILDING NETWORKS AND COMMUNITY. AS MENTIONED ABOVE, MEMBERSHIPS HAVE ALSO BEEN A WAY TO REACH INDIVIDUAL DONORS AND MAJOR GIFTS. CURRENT MEMBERSHIP LEVELS ARE FOUND ON CIMA'S WEBSITE. HTTPS://WWW.ITALIANMODERNART.ORG/MEMBERSHIP/ CIMA INCREASED ITS MEMBERSHIP DUES AND RETAINED ITS MEMBERSHIP. AT THE END OF 2019, CIMA HAD 206 MEMBERS AND SEVERAL MEMBERS CONVERTED TO SERIOUS DONORS MAKING GIFTS LARGER THAN $500 AND INCREASED IT'S CORPORATE AND INSTITUTIONAL SUPPORT SIGNIFICANTLY. TO ATTRACT NEW MEMBERS, CIMA IS OFFERING MORE HIGH-QUALITY MEMBERS-ONLY EVENTS BOTH IN PERSON AND VIRTUALLY. CIMA'S SOCIAL MEDIA PRESENCE CIMA'S MAILING LIST REACHES MORE THAN 12,000 INDIVIDUALS, WHICH INCLUDES MANY IN THE ART, ACADEMIC, AND MUSEUM FIELDS, WITH A COMBINED FOLLOWING OF OVER 15,000 IN ITS SOCIAL MEDIA PLATFORMS. CIMA HAS A WEBSITE WHICH IS REGULARLY UPDATED. CIMA'S WEBSITE PRESENTS TO THE ONLINE COMMUNITY OUR OPERATIONS AS A NON-PROFIT, STAFF, AFFILIATES, AND SPONSORS, AND ANNOUNCES CIMA'S EXHIBITIONS AND PROGRAMS. ON THE WEBSITE IT IS POSSIBLE TO FIND HISTORICAL DATA ABOUT PREVIOUS EXHIBITIONS, DETAILS ON THE CURRENT EXHIBIT AND HOW TO VISIT, ABOUT OUR FELLOWSHIP PROGRAM, CIMA'S ONLINE JOURNAL ITALIAN MODERN ART, VIDEOS, AND BLOG POSTS. THE WEBSITE INCLUDES A SECTION DEDICATED TO DONATIONS AND MEMBERSHIPS, WHERE IT IS POSSIBLE TO SIGN UP AS MEMBERS OR DONATE ANY AMOUNT. THE WEBSITE LISTS CIMA'S UPCOMING AND PAST EVENTS, AND INVITES VISITORS TO JOIN A MAILING LIST. AS OF 2019, CIMA PARTICIPATES IN INSTAGRAM (6,546 FOLLOWERS), TWITTER (2,922 FOLLOWERS), FACEBOOK (5,310 FOLLOWERS), AND LINKEDIN (450 FOLLOWERS) MARKING SIGNIFICANT GROWTH FROM THE YEAR PRIOR. UNDER THE DIRECTION OF CIMA'S NEW MANAGING DIRECTOR A NEW WEBSITE WILL BE BUILT TO MAKE THE USER-EXPERIENCE MORE SELF-DIRECTED, ENRICHING AND ACCESSIBLE FOR VISITORS WITH INTEGRATED ECOMMERCE, EMBEDDED VIDEOS AND AN INDEX OF ITALIAN MODERN ARTISTS. CIMA'S BOARD AND BOARD DEVELOPMENT CIMA SERVES MULTIPLE CONSTITUENCIES. THESE ARE PRIMARILY PERSONS INTERESTED IN MODERN ART AND IN THE QUALITATIVE EXPERIENCE OFFERED BY CIMA'S PREMISES, FELLOWS AND PUBLIC PROGRAMS. IN ADDITION, CIMA SERVES ITALIAN CITIZENS LIVING IN THE UNITED STATES WHO ARE HAPPY TO BE ABLE TO VIEW ART FROM THEIR COUNTRY THAT IN MANY CASES IS BEING SHOWN FOR THE FIRST TIME IN THE UNITED STATES AT CIMA, AS WELL AS MEMBERS OF THE ITALIAN AMERICAN COMMUNITY INTERESTED IN PRESERVING AND CELEBRATING ITALIAN CULTURE. CIMA HAS SOUGHT TO HAVE DIRECTORS WHICH REFLECT THESE DIFFERENT CONSTITUENCIES. DURING THE PERIOD 2017-2018, CIMA ADDED TWO MORE BOARD MEMBERS. IN 2018 CIMA CHANGED ITS BY-LAWS TO CREATE AN HONORARY BOARD TO FURTHER BROADEN CIMA'S OUTREACH. CIMA CURRENTLY HAS TWO HONORARY BOARD MEMBERS. WITH ITS NEW MANAGING DIRECTOR CIMA HAS BEGUN TO ENGAGE AND CULTIVATE NEW BOARD MEMBERS WITH STRONG PHILANTHROPIC NETWORKS WHO CAN FAST TRACK CIMA'S FUNDRAISING GOALS.

Return Reference

Explanation

SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:

OTHER - 2018 AMOUNT: $ 4,606. 2019 AMOUNT: $ 2,777. 2020 AMOUNT: $ 1,557.

CONT. - PART II, SECTION C, LINE 17A, FACTS AND CIRCUMSTANCE

"FOR MANY OF THESE EVENTS, WE ENJOYED EXCELLENT ITALIAN FARE PROVIDED BY GIOVANNI RANA PASTIFICIO E CUCINA, THE GENEROUS SPONSOR OF OUR ENTIRE INAUGURAL YEAR. WE ALSO ENJOYED THE DONATIONS OF DEPERO SEASON SPONSORS CAMPARI USA, NINO FRANCO PROSECCO, AND LAVAZZA, AND ARE HOPEFUL THESE SPONSORSHIPS WILL CONTINUE INTO THIS SECOND SEASON WE LAUNCHED OUR WEBSITE IN FEBRUARY, AND ADDED A BLOG IN MAY. OVER 1200 PEOPLE JOINED OUR MAILING LIST DURING THE COURSE OF THIS FIRST SEASON. WE BEGAN OUR MEMBERSHIP PROGRAM TOWARDS THE END OF THE SEASON." IN NOVEMBER OF 2014, THE BOARD RETAINED A CONSULTANT FOR FUNDRAISING WHO PREPARED A FUNDRAISING STRATEGY. ALTHOUGH THE CONSULTANT WAS UNABLE TO CONTINUE HER WORK, THE ADVICE SHE PROVIDED LED CIMA TO FURTHER DEVELOP ITS SOCIAL MEDIA PRESENCE (FOR A COMPLETE ACCOUNT OF CIMA SOCIAL MEDIA NUMBERS PLEASE SEE THE PARAGRAPH "CIMA'S SOCIAL MEDIA PRESENCE" BELOW). IN 2015, CIMA APPLIED FOR AND WAS ACCEPTED INTO THE NEW YORK FOUNDATION FOR THE ARTS ("NYFA") INCUBATOR PROGRAM, WHICH PROVIDES SUPPORT AND GUIDANCE TO PARTICIPANTS IN THEIR STRATEGIC PLANNING AND FUNDRAISING PLANNING PROCESS. THANKS TO THIS PROGRAM, CIMA WAS ABLE TO WORK WITH A FUNDRAISER FOR FREE WHO ADVISED OUR EXECUTIVE DIRECTOR TO APPLY EXTENSIVELY FOR PUBLIC GRANTS. CIMA ALSO RECEIVED GRANTS FROM NYFA TO USE FOR PROFESSIONAL SERVICES. IN 2016, CIMA HIRED A SECOND FUNDRAISING CONSULTANT, WHO FOCUSED ON ASSISTING CIMA IN APPLYING FOR PUBLIC GRANTS. HE SERVED FROM 2016 - 2018. DURING THIS PERIOD, CIMA APPLIED FOR AND RECEIVED SEVERAL GRANTS, INCLUDING $22,500 FROM THE GLADYS KRIEBLE DELMAS FOUNDATION TO LAUNCH CIMA'S ONLINE JOURNAL, ITALIAN MODERN ART, AND FROM THE TERRA FOUNDATION FOR THE AMERICAN ARTS TO SUPPORT THE FEBRUARY 2019 CIMA STUDY DAYS. DURING THIS PERIOD, CIMA RECOGNIZED THAT GRANT APPLICATIONS ALONE WERE NOT GOING TO PROVIDE CIMA WITH THE PUBLIC FUNDING IT SOUGHT, AND THAT OTHER SOURCES OF FUNDING WOULD BE NEEDED. FURTHER THE GRANT APPLICATION PROCESS WAS VERY TIME-CONSUMING FOR CIMA'S SMALL STAFF. ACCORDINGLY, DURING 2016-2018 CIMA BEGAN FORMALIZING A STRATEGIC PLAN AND A FUNDRAISING PLAN. THE BOARD WORKED WITH CIMA'S THEN EXECUTIVE DIRECTOR TO PREPARE A FUNDRAISING PLAN. WHILE THIS PLAN WAS STILL A WORK IN PROGRESS, THE EXECUTIVE DIRECTOR RESIGNED AND LEFT CIMA IN LATE JUNE OF 2018. CIMA IMMEDIATELY HIRED A NEW EXECUTIVE DIRECTOR AND CONTINUED TO WORK ON A FUNDRAISING PLAN. IN THE SPRING OF 2019, THE BOARD HIRED A FUNDRAISING CONSULTANT WHO RECOMMENDED A PLAN THAT THE BOARD AGREED WITH. THAT PLAN COVERED STRATEGIES FOR INCREASING GIFTS FROM INDIVIDUALS, GOVERNMENT FUNDING AND FOUNDATION FUNDING. HOWEVER, SHORTLY THEREAFTER THE NEW EXECUTIVE DIRECTOR RESIGNED IN JULY OF 2019. IT IS VERY DIFFICULT TO FUNDRAISE WITHOUT AN EXECUTIVE DIRECTOR. CIMA HIRED THEN TWO EXECUTIVE SEARCH CONSULTANTS TO FIND A REPLACEMENT WITH THE MANAGEMENT AND DEVELOPMENT SKILLS TO EXECUTE THE FUNDRAISING PLAN. IN SEPTEMBER 2020 CIMA HIRED A MANAGING DIRECTOR WHO PREVIOUSLY WORKED AT CIMA AND POSSESSED SIGNIFICANT FUNDRAISING AND MANAGEMENT EXPERIENCE. CIMA HAS ALSO EMPLOYED AN ESTABLISHED PUBLIC RELATIONS FIRM WHO IS HELPING TO TARGET POTENTIAL FUNDRAISING AUDIENCES AND EXPAND CIMA'S PUBLIC REACH AND RECOGNITION. DESPITE THESE OBSTACLES IN 2018, THE BOARD WAS ABLE TO IMPLEMENT SOME OF ITS STRATEGIC GOALS THAT IMPACT FUNDRAISING. THESE INCLUDE BOARD DEVELOPMENT, MORE FULLY DISCUSSED BELOW UNDER THE HEADING "CIMA'S BOARD AND BOARD DEVELOPMENT AND INCLUDED THE CREATION OF CIMA'S ON-LINE JOURNAL WHICH CONTINUED TO BE UPDATED IN 2019 AND INCREASED CIMA'S VISIBILITY AND STATURE IN THE ART WORLD. CIMA IS ALSO FOCUSED ON FUNDRAISING DIRECTED AT SUPPORT FOR ITS FELLOWSHIP PROGRAM AND IS PITCHING ENDOWED FELLOWSHIPS TO INDIVIDUALS AND CORPORATIONS. THESE EFFORTS HAVE BEGUN TO BEAR FRUIT, WITH GRANTS FROM THE DELMAS FOUNDATION DESCRIBED ABOVE AND A DONATION FROM CHRISTIE'S TO SUPPORT THE FELLOWSHIP PROGRAM. CURRENT MAJOR INDIVIDUAL AND CORPORATE DONORS ARE RECOGNIZED ON CIMA'S WEBSITE. (HTTPS://WWW.ITALIANMODERNART.ORG/CORPORATE-PATRONS-AND-INDIVIDUAL-DONOR S/). IN ADDITION, CIMA BOARD MEMBERS HAVE INTENSIFIED OUTREACH EFFORTS TO ENGAGE THE COMMUNITY AND BUILD A NETWORK OF SUPPORT FOR CIMA'S ACTIVITIES (E.G. BOARD MEMBERS HAVE BEEN WORKING EXTENSIVELY TO STRENGTHEN THE CONNECTION BETWEEN CIMA AND THE ITALIAN-AMERICAN COMMUNITY), ALWAYS REFLECTING THE INTERESTS OF THE PUBLIC. CIMA MEMBERSHIP PROGRAM SINCE ITS FOUNDING, CIMA HAS BUILT A DEDICATED COMMUNITY OF MEMBERS, EVIDENCED BY THE LARGE VOLUME OF MEMBERSHIP RENEWALS IT RECEIVES THROUGHOUT THE YEAR. CIMA'S EDUCATIONAL MISSION IS EVIDENT IN EVERY PROGRAM AND ACTIVITY IT ORGANIZES. CIMA HAS A STRONG TRACK RECORD OF BUILDING NETWORKS AND COMMUNITY. AS MENTIONED ABOVE, MEMBERSHIPS HAVE ALSO BEEN A WAY TO REACH INDIVIDUAL DONORS AND MAJOR GIFTS. CURRENT MEMBERSHIP LEVELS ARE FOUND ON CIMA'S WEBSITE. HTTPS://WWW.ITALIANMODERNART.ORG/MEMBERSHIP/ CIMA INCREASED ITS MEMBERSHIP DUES AND RETAINED ITS MEMBERSHIP. AT THE END OF 2019, CIMA HAD 206 MEMBERS AND SEVERAL MEMBERS CONVERTED TO SERIOUS DONORS MAKING GIFTS LARGER THAN $500 AND INCREASED IT'S CORPORATE AND INSTITUTIONAL SUPPORT SIGNIFICANTLY. TO ATTRACT NEW MEMBERS, CIMA IS OFFERING MORE HIGH-QUALITY MEMBERS-ONLY EVENTS BOTH IN PERSON AND VIRTUALLY. CIMA'S SOCIAL MEDIA PRESENCE CIMA'S MAILING LIST REACHES MORE THAN 12,000 INDIVIDUALS, WHICH INCLUDES MANY IN THE ART, ACADEMIC, AND MUSEUM FIELDS, WITH A COMBINED FOLLOWING OF OVER 15,000 IN ITS SOCIAL MEDIA PLATFORMS. CIMA HAS A WEBSITE WHICH IS REGULARLY UPDATED. CIMA'S WEBSITE PRESENTS TO THE ONLINE COMMUNITY OUR OPERATIONS AS A NON-PROFIT, STAFF, AFFILIATES, AND SPONSORS, AND ANNOUNCES CIMA'S EXHIBITIONS AND PROGRAMS. ON THE WEBSITE IT IS POSSIBLE TO FIND HISTORICAL DATA ABOUT PREVIOUS EXHIBITIONS, DETAILS ON THE CURRENT EXHIBIT AND HOW TO VISIT, ABOUT OUR FELLOWSHIP PROGRAM, CIMA'S ONLINE JOURNAL ITALIAN MODERN ART, VIDEOS, AND BLOG POSTS. THE WEBSITE INCLUDES A SECTION DEDICATED TO DONATIONS AND MEMBERSHIPS, WHERE IT IS POSSIBLE TO SIGN UP AS MEMBERS OR DONATE ANY AMOUNT. THE WEBSITE LISTS CIMA'S UPCOMING AND PAST EVENTS, AND INVITES VISITORS TO JOIN A MAILING LIST. AS OF 2019, CIMA PARTICIPATES IN INSTAGRAM (6,546 FOLLOWERS), TWITTER (2,922 FOLLOWERS), FACEBOOK (5,310 FOLLOWERS), AND LINKEDIN (450 FOLLOWERS) MARKING SIGNIFICANT GROWTH FROM THE YEAR PRIOR. UNDER THE DIRECTION OF CIMA'S NEW MANAGING DIRECTOR A NEW WEBSITE WILL BE BUILT TO MAKE THE USER-EXPERIENCE MORE SELF-DIRECTED, ENRICHING AND ACCESSIBLE FOR VISITORS WITH INTEGRATED ECOMMERCE, EMBEDDED VIDEOS AND AN INDEX OF ITALIAN MODERN ARTISTS. CIMA'S BOARD AND BOARD DEVELOPMENT CIMA SERVES MULTIPLE CONSTITUENCIES. THESE ARE PRIMARILY PERSONS INTERESTED IN MODERN ART AND IN THE QUALITATIVE EXPERIENCE OFFERED BY CIMA'S PREMISES, FELLOWS AND PUBLIC PROGRAMS. IN ADDITION, CIMA SERVES ITALIAN CITIZENS LIVING IN THE UNITED STATES WHO ARE HAPPY TO BE ABLE TO VIEW ART FROM THEIR COUNTRY THAT IN MANY CASES IS BEING SHOWN FOR THE FIRST TIME IN THE UNITED STATES AT CIMA, AS WELL AS MEMBERS OF THE ITALIAN AMERICAN COMMUNITY INTERESTED IN PRESERVING AND CELEBRATING ITALIAN CULTURE. CIMA HAS SOUGHT TO HAVE DIRECTORS WHICH REFLECT THESE DIFFERENT CONSTITUENCIES. DURING THE PERIOD 2017-2018, CIMA ADDED TWO MORE BOARD MEMBERS. IN 2018 CIMA CHANGED ITS BY-LAWS TO CREATE AN HONORARY BOARD TO FURTHER BROADEN CIMA'S OUTREACH. CIMA CURRENTLY HAS TWO HONORARY BOARD MEMBERS. WITH ITS NEW MANAGING DIRECTOR CIMA HAS BEGUN TO ENGAGE AND CULTIVATE NEW BOARD MEMBERS WITH STRONG PHILANTHROPIC NETWORKS WHO CAN FAST TRACK CIMA'S FUNDRAISING GOALS.

Schedule A (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

CENTER FOR ITALIAN MODERN ART INC

Employer identification number

46-2634158

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2

Name of organization CENTER FOR ITALIAN MODERN ART INC

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 3

Name of organization CENTER FOR ITALIAN MODERN ART INC		Employer identification number 46-2634158

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 4


Name of organization CENTER FOR ITALIAN MODERN ART INC			Employer identification number 46-2634158
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

CENTER FOR ITALIAN MODERN ART INC

Employer identification number

46-2634158

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2020

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .......................

3a(i)

(ii) Related organizations .......................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....	132,985	70,250	62,735
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				62,735

Schedule D (Form 990) 2020

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2020

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	738,207
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b	55,764
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................			2e	55,764
3	Subtract line 2e from line 1..................			3	682,443
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	682,443

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	762,615
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a	55,764
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................			2e	55,764
3	Subtract line 2e from line 1...................			3	706,851
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................			4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	706,851

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation

Schedule D (Form 990) 2020

Additional Data

Software ID:
Software Version:

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization
CENTER FOR ITALIAN MODERN ART INC

Employer identification number
46-2634158

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of noncash assistance	(h) Purpose of grant or assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2020

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant
(1) FELLOWSHIPS	3	18,000
(1)
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

PART I, LINE 2:

THE EXECUTIVE DIRECTOR OF THE ORGANIZATION SUPERVISES THE ACTIVITY OF THE FELLOWS DURING THEIR RESIDENCIES. AT THE CONCLUSION OF THE FELLOWSHIP, EACH FELLOW PRODUCES A FINAL REPORT DETAILING THEIR RESEARCH OUTCOMES AND CERTIFYING THAT THE GRANT FUNDS HAVE NOT BEEN DIVERTED FOR A PURPOSE INCONSISTENT WITH THE ORGANIZATION'S CHARITABLE OR EDUCATIONAL PURPOSES. THESE REPORTS ARE SUBMITTED TO THE ORGANIZATION'S ADVISORY COMMITTEE AND GOVERNING BOARD.

Schedule I (Form 990) 2020

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

CENTER FOR ITALIAN MODERN ART INC

Employer identification number

46-2634158

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	1	216,639	FMV
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( )
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

If "Yes," describe in Part II.

If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2020)

Page 2

Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation

Schedule M (Form 990) (2020)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

CENTER FOR ITALIAN MODERN ART INC

Employer identification number

46-2634158

Return Reference	Explanation
PART I - LINE V & PART V - LINE 2A	CENTER FOR ITALIAN MODERN ART HAS AN EMPLOYMENT MANAGEMENT AGREEMENT WITH A PROFESSIONAL EMPLOYER ORGANIZATION THAT PROVIDES A COMPREHENSIVE PERSONNEL MANAGEMENT SYSTEM ENCOMPASSING A BROAD RANGE OF SERVICES, INCLUDING BENEFITS AND PAYROLL ADMINISTRATION, HEALTH, WORKER'S COMPENSATION INSURANCE PROGRAMS, PERSONNEL RECORDS MANAGEMENT, EMPLOYER LIABILITY MANAGEMENT, ETC.
FORM 990, PART VI, SECTION B, LINE 11B	A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS FOR A REVIEW BEFORE THE RETURN IS SIGNED AND FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	A COPY OF THE CONFLICT OF INTEREST STATEMENT IS PROVIDED TO THE BOARD MEMBERS ON AN ANNUAL BASIS.
FORM 990, PART VI, SECTION B, LINE 15	THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED AND APPROVED BY THE BOARD ON AN ANNUAL BASIS. THE COMPENSATION OF OTHER EMPLOYEES IS DETERMINED BY THE PRESIDENT.
FORM 990, PART VI, SECTION C, LINE 19	THE CENTER FOR ITALIAN MODERN ART MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: PROMOTE THE STUDY OF MODERN & CONTEMPORARY ITALIAN ART & ADVANCE PUBLIC APPRECIATION OF THIS ART.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	4
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	4
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	6
6	Total number of volunteers (estimate if necessary) .............	6	4
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	951,302	684,189
9	Program service revenue (Part VIII, line 2g) .........	16,574	3,198
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	12,649	-7,154
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	-35,315	2,210
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	945,210	682,443
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	73,500	18,000
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	303,581	285,949
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	2,325	0
b	Total fundraising expenses (Part IX, column (D), line 25) 34,314
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	576,077	402,902
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	955,483	706,851
19	Revenue less expenses. Subtract line 18 from line 12.......	-10,273	-24,408
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	134,220	105,821
21	Total liabilities (Part X, line 26).............	28,283	24,292
22	Net assets or fund balances. Subtract line 21 from line 20.....	105,937	81,529

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 606,269 including grants of $ 18,000 ) (Revenue $ 3,198 )
	THE CENTER FOR ITALIAN MODERN ART ("CIMA") PRESENTS AN ANNUAL INSTALLATION SPOTLIGHTING THE WORK OF THOUGHT-PROVOKING ARTISTS RARELY SEEN IN THE U.S. CIMA ALSO FUNDS AN INTERNATIONAL FELLOWSHIP PROGRAM TO SUPPORT THE WORK OF YOUNG ART HISTORIANS IN THE FIELD.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses606,269

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) LAURA MATTIOLI...................................................................... DIRECTOR/PRESIDENT/TREASUR	20.00 .................	X	X	0	0	0
(2) GUIDO FAUDA...................................................................... DIRECTOR	3.00 .................	X	X	0	0	0
(3) PATRICIA MARTONE...................................................................... DIRECTOR	3.00 .................	X	X	0	0	0
(4) NEIL PRINTZ...................................................................... DIRECTOR	3.00 .................	X	X	0	0	0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b	29,225
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	56,455

f	All other contributions, gifts, grants, and similar amounts not included above		1f	598,509

g	Noncash contributions included in lines 1a - 1f:$		1g	216,639

h Total. Add lines 1a-1f.......		684,189

		Business Code
2a	PROGRAM TOURS & VISITS	900099	3,198	3,198
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		3,198

3 Investment income (including dividends, interest, and othersimilar amounts) ......			8			8
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		209,477	7a
b	Less: cost or other basis and sales expenses		216,639	7b
c	Gain or (loss)		-7,162	7c
d	Net gain or (loss).........			-7,162			-7,162
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a	653
b	Less: cost of goods sold ..		10b	0
c	Net income or (loss) from sales of inventory..			653			653
Business Code			Miscellaneous Revenue
11a	OTHER		900099	1,557			1,557
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			1,557
12	Total revenue. See instructions.....			682,443	3,198	0	-4,944

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	18,000	18,000
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	235,120	190,447	16,458	28,215
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	31,117	24,582	2,801	3,734
10	Payroll taxes ...........	19,712	15,573	1,774	2,365
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	4,156	3,325	831
c	Accounting ...........	60,962	48,770	12,192
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	2,084	1,668	416
12	Advertising and promotion ....	2,500	2,500
13	Office expenses .......	3,795	3,438	357
14	Information technology ......	22,412	20,171	2,241
15	Royalties ..
16	Occupancy ...........	17,883	14,306	3,577
17	Travel ............	1,990	1,990
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	11,754	11,754
23	Insurance ...	1,939		1,939
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	EXHIBITIONS	99,039	99,039
b	RENT	87,500	67,375	20,125
c	PUBLIC RELATIONS	27,879	27,879
d	REPAIRS AND MAINTENANCE	21,405	19,265	2,140
e	All other expenses	37,604	36,187	1,417
25	Total functional expenses. Add lines 1 through 24e	706,851	606,269	66,268	34,314
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			50,716	1	25,799
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			17,419	9	17,287
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	132,985
b	Less: accumulated depreciation	10b	70,250	66,085	10c	62,735
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			134,220	16	105,821

17	Accounts payable and accrued expenses .....	28,283	17	24,292
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	28,283	26	24,292

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	105,937	27	81,529
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	105,937	32	81,529
33	Total liabilities and net assets/fund balances ........	134,220	33	105,821