CENTER FOR ITALIAN MODERN ART INC

EIN: 462634158 501(c)(3)

NEW YORK, NY

Total Revenue
$876,276
Total Expenses
$905,949
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
DE
Principal Officer
LAURA MATTIOLI
Phone
6463703596
Tax Period
2024-01-01 to 2024-11-30

CENTER FOR ITALIAN MODERN ART INC, founded in 2013, is a small nonprofit that reported $876K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE THE STUDY OF MODERN AND CONTEMPORARY ITALIAN ART AND ADVANCE PUBLIC APPRECIATION OF THIS ART IN THE UNITED STATES AND INTERNATIONALLY.

Program Service Accomplishments

Program 1
Expenses: $793,463 Revenue: $29,505

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $818,480
Program Service Revenue $10,692
Investment Income $0
Other Revenue $47,104
TOTAL REVENUE $876,276

Expense Breakdown

Grants Paid $37,500
Salaries & Benefits $305,550
Fundraising Expenses $36,666
Program Expenses $793,463
Other Expenses $562,899
TOTAL EXPENSES $905,949

Year-over-Year Comparison

2024 2023 Change
Revenue $876,276 $1,097,259 -0.2%
Expenses $905,949 $1,156,144 -0.2%
Net Income $-29,673 $-58,885 -0.5%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
4
Volunteers
6

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$97,918
Total Directors
6
$97,918
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA MATTIOLI PRESIDENT 20.00
Officer Director
$0 $0 $0
NICOLA LUCCHI EXECUTIVE DIRECTOR 40.00
Officer Director
$95,044 $2,874 $97,918
DAVID ISRAEL DIRECTOR 1.00
Director
$0 $0 $0
NEIL PRINTZ DIRECTOR 1.00
Director
$0 $0 $0
ROBERT SIDORSKY DIRECTOR 1.00
Director
$0 $0 $0
DAVID LEIBER DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $876,276 $905,949 No data $-29,673
2023 $1,097,259 $1,156,144 $774,513 $-58,885
2022 $1,288,873 $1,292,537 $169,685 $-3,664
2021 $1,188,965 $1,178,333 $165,653 $10,632
2020 $682,443 $706,851 $105,821 $-24,408
2019 $945,210 $955,483 $134,220 $-10,273
2018 $1,017,706 $1,038,922 $179,564 $-21,216
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