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Magazzino Italian Art Foundation

  • New York, NY
  • Tax-exempt since July 2019
  • EIN: 83-1666946

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Art Museums (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$4.58M (2024)

Expenses
$4.77M (2024)

Total Assets
$26.9M (2024)

Total Liabilities
$1.56M (2024)

Source: Form 990 tax filings from 2019 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,579,484
Expenses
$4,771,524
Net Income
-$192,040
Net Assets
$25,365,240
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,627,709
79.2%
Interest Revenue $2
0.0%
Dividends $0
Sales of Assets $0
Other Income $951,773
20.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,160,397
66.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $26,925,035
Total Liabilities $1,559,795
Net Assets $25,365,240
Compensation
Key Employees and Officers Compensation Other
Laura Frencia (Exhibition & Program) $88,709 $9,311
Thomas Huber (Facility Manager) $87,500 $9,311
Adam Sheffer (Director) $82,640 $2,351
Luca Galli (Chef) $82,500 $9,311
James Nicholas (Shuttle Bus Driver/V) $64,919 $9,311
Nancy Olnick (Trustee) $0 $0
Giorgio Spanu (Trustee) $0 $0
Stella Spanu (Trustee) $0 $0
Diana Schulte (Secretary/Treasurer) $0 $0
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Document Links

990-PF
Filed on Nov. 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,448,907
Expenses
$4,472,878
Net Income
$4,976,029
Net Assets
$25,557,280
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $9,053,765
95.8%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $395,142
4.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,465,155
77.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $27,153,555
Total Liabilities $1,596,275
Net Assets $25,557,280
Compensation
Key Employees and Officers Compensation Other
Vittorio Calabrese (Director) $200,000 $8,623
Karolina Chojnowska (Head Of Communicatio) $110,000 $8,623
Grace Astrove (Development) $106,135 $5,775
Thomas Huber (Facility Manager) $85,000 $8,623
Laura Frencia (Exhibition & Program) $80,000 $8,623
Nancy Olnick (Trustee) $0 $0
Giorgio Spanu (Trustee) $0 $0
Stella Spanu (Trustee) $0 $0
Diana Schulte (Secretary/Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,091,870
Expenses
$3,743,134
Net Income
$3,348,736
Net Assets
$20,581,251
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,023,325
99.0%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $68,545
1.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,287,378
87.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $22,652,370
Total Liabilities $2,071,119
Net Assets $20,581,251
Compensation
Key Employees and Officers Compensation Other
Vittorio Calabrese (Director) $200,000 $7,622
Karolina Chojnowska (Head Of Communicat.) $95,000 $2,075
Thomas Huber (Facility Manager) $85,000 $7,622
Audrey Landale (Director Of Developm) $79,551 $7,622
Eve Aaron (Executive Assistant) $66,825 $7,622
Nancy Olnick (Trustee) $0 $0
Giorgio Spanu (Trustee) $0 $0
Stella Spanu (Trustee) $0 $0
Steven Zbar (Secretary/Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 13, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,253,938
Expenses
$2,939,102
Net Income
$314,836
Net Assets
$17,232,515
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,250,799
99.9%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $3,139
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,530,166
86.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,568,519
Total Liabilities $336,004
Net Assets $17,232,515
Compensation
Key Employees and Officers Compensation Other
Vittorio Calabrese (Director) $126,379 $9,970
Thomas Huber (Facility Manager) $76,929 $9,970
Karolina Chojnowska (Head Of Communicat.) $72,136 $8,272
Alexandra Theodoropoulos (Asst Facility Manage) $59,694 $8,830
James Nicholas (Visitor Services) $50,825 $2,541
Nancy Olnick (Trustee) $0 $0
Giorgio Spanu (Trustee) $0 $0
Stella Spanu (Trustee) $0 $0
Steven Zbar (Secretary/Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 8, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,485,424
Expenses
$2,664,802
Net Income
$5,820,622
Net Assets
$16,917,679
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,475,000
99.9%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $10,424
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,208,072
82.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,124,717
Total Liabilities $207,038
Net Assets $16,917,679
Compensation
Key Employees and Officers Compensation Other
Vittorio Calabrese (Director) $108,427 $9,171
Thomas Huber (Facility Manager) $74,977 $9,171
Karolina Chojnowska (Head Of Communicat.) $65,811 $7,964
Sean M Kane (Security Manager) $64,500 $0
Nancy Olnick (Trustee) $0 $0
Giorgio Spanu (Trustee) $0 $0
Stella Spanu (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Sept. 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,612,816
Expenses
$2,579,657
Net Income
$10,033,159
Net Assets
$11,097,057
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $12,603,269
99.9%
Interest Revenue $24
0.0%
Dividends $451
0.0%
Sales of Assets $0
Other Income $14,589
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,312,774
89.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,235,135
Total Liabilities $138,078
Net Assets $11,097,057
Compensation
Key Employees and Officers Compensation Other
Vittorio Calabrese (Director) $103,891 $15,258
Thomas Huber (Facility Manager) $73,116 $4,243
Victoria Jones (Director Visitor Svc) $58,158 $4,217
Karolina Chojnowska (Head Of Communicat.) $55,546 $9,312
Sean M Kane (Security Manager) $52,500 $78
Nancy Olnick (Trustee) $0 $0
Giorgio Spanu (Trustee) $0 $0
Stella Spanu (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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