2023-11-15T13:43:30-06:00 2022-12-31 541019610 CST GROUP CPAS PC 10740 PARKRIDGE BLVD 5TH FLOOR RESTON VA 20191 990 2022-01-01 521071723 NATIONAL ITALIAN AMERICAN FOUNDATIONINC NATI 2023870600 1860 19TH STREET NW WASHINGTON DC 200095501 ROBERT E CARLUCCI CHAIRMAN 2023870600 2023-11-15 1 ROBERT CARLUCCI XXX-XX-XXXX 0 JOSEPH J ROMAGNOLI P00181102 7033912000 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT E CARLUCCI 1860 19TH STREET NW WASHINGTON DC 200095501 7523146 0 X WWW.NIAF.ORG X 1975 DC THE FOUNDATION PROVIDES ALL ITALIAN AMERICANS WITH A NATIONAL HEADQUARTERS DEDICATED TO ENCOURAGING AND SUPPORTING THEIR ROLE IN PUBLIC LIFE. 41 41 12 35 0 0 1748898 2557025 2892678 2249683 491376 271939 0 0 5132952 5078647 689435 720265 0 0 1014293 1376077 0 0 74420 1438373 2759636 3142101 4855978 1990851 222669 13341285 12404032 665627 856302 12675658 11547730 X THE NATIONAL ITALIAN AMERICAN FOUNDATION (NIAF) IS A NONPROFIT, NONPARTISAN EDUCATIONAL FOUNDATION THAT PROMOTES ITALIAN AMERICAN CULTURE AND HERITAGE. THE NIAF SERVES AS A RESOURCE IN THE ITALIAN AMERICAN COMMUNITY AND HAS EDUCATIONAL AND YOUTH PROGRAMS INCLUDING SCHOLARSHIPS, GRANTS, HERITAGE TRAVEL, AND MENTORING. THE NIAF ALSO HAS A PUBLIC POLICY SPEAKERS PROGRAM. THE NIAF'S MISSION ALSO INCLUDES ADVANCING US - ITALY RELATIONS. 0 0 976590 720265 163617 SCHOLARSHIPS/ GRANTS: APPROXIMATELY $720K WAS AWARDED FOR GRANTS, SCHOLARSHIPS AND OTHER EDUCATION PROGRAMS. SCHOLARSHIPS WERE PRESENTED TO STUDENTS AT THE COLLEGE AND GRADUATE LEVELS. GRANTS WERE AWARDED FOR SUCH CATEGORIES AS GENERAL UNDERGRADUATE, WOMEN'S STUDIES, ITALIAN LANGUAGE, COMMUNICATIONS, ETC. 1658585 1363233 GALA DINNER: AN ANNUAL EVENT THAT HONORS DISTINGUISHED ITALIAN AMERICAN MEN AND WOMEN WHO HAVE MADE SUBSTANTIAL CONTRIBUTIONS TO THEIR PROFESSIONS IN SUCH FIELDS AS EDUCATION, HUMANITARIANISM, BUSINESS, ENTERTAINMENT, SCIENCE, AND SPORTS. PROCEEDS FROM THE DINNER SUPPORT NIAF'S CULTURAL, SCHOLARSHIP, AND EDUCATIONAL PROGRAMS. 183587 0 MEMBER SERVICES: TIERED MEMBERSHIP PROGRAM OFFERING VARIOUS OPPORTUNITIES FOR EACH LEVEL OF MEMBERSHIP. MEMBERSHIP SUPPORT HAS ALLOWED NIAF TO EXPAND ITS MANY YOUTH PROGRAMS, SCHOLARSHIP OFFERINGS AND GRANT AWARDS TO THOUSANDS OF DESERVING ITALIAN AMERICANS THROUGHOUT THE COUNTRY. 47711 663063 PUBLIC POLICY: INCLUDES SEMINARS, CONFERENCES, AND NEWS INFORMATION PROJECTS DESIGNED TO ACQUAINT THE GENERAL PUBLIC WITH THE ITALIAN COMMUNITY AS REPRESENTED BY NIAF. ALSO, THE NIAF CONTINUES EFFORTS IN THE COOPERATION WITH THE EMBASSY OF ITALY IN ASSISTING ITALIAN AMERICANS INTERESTED IN OBTAINING ITALIAN CITIZENSHIP. NIAF LAUNCHED AN ONLINE SURVEY QUESTIONNAIRE TO DETERMINE ELIGIBILITY REQUIREMENTS FOR USE BY THE EMBASSY IN PROCESSING POTENTIAL APPLICATIONS. 47711 663063 2866473 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 35 0 12 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 41 41 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 DC X X NATIONAL ITALIAN AMERICAN FOUNDATIONINC 2029393111 1860 19TH ST NW WASHINGTON DC 20009 X PETER J ARDUINI VICE CHAIRMAN OF FUND DEVELOPMENT 3.00 X X 0 0 0 KENNETH J ASPROMONTE VICE CHAIRMAN INTERNATIONAL 3.00 X X 0 0 0 MARIA BARTIROMO AT LARGE MEMBERS OF EXECUTIVE COMMITTEE 0.30 X 0 0 0 CAPRI S CAFARO BOARD MEMBER 0.30 X 0 0 0 JOHN F CALVELLI EXECUTIVE VICE CHAIR 3.00 X X 0 0 0 LINDA R CARLOZZI ESQ EVP, SCHOLARSHIPS & GRANTS 3.00 X X 0 0 0 ROBERT E CARLUCCI CHAIRMAN 3.00 X X 0 0 0 PAOLO CATALFAMO BOARD MEMBER 0.30 X 0 0 0 MIKE A FERGUSON AT LARGE MEMBERS OF EXECUTIVE COMMITTEE 0.30 X 0 0 0 FRANK GIORDANO EVP OF GOVERNMENT RELATIONS 3.00 X X 0 0 0 ANTONIO GIORDANO MD AT LARGE MEMBERS OF EXECUTIVE COMMITTEE 0.30 X 0 0 0 GERARD S LAROCCA EVP OF NATIONAL MEMBERSHIP 3.00 X X 0 0 0 JOSEPH D LONARDO ESQ GENERAL COUNSEL 3.00 X X 0 0 0 ANITA BEVACQUA MCBRIDE VICE CHAIR NATIONAL 3.00 X X 0 0 0 JOSEPH H MOGLIA BOARD MEMBER 0.30 X 0 0 0 JOHN P ROSA BOARD MEMBER 0.30 X 0 0 0 LOUIS E TOSI ESQ AT LARGE MEMBERS OF EXECUTIVE COMMITTEE 0.30 X 0 0 0 PATRICIA DE STACY HARRISON BOARD MEMBER 0.30 X 0 0 0 NICHOLAS R CAIAZZO ESQ BOARD MEMBER 0.30 X 0 0 0 GEORGE M SIMEONE TREASURER 3.00 X X 0 0 0 ANTHONY S DISANDRO JR SECRETARY 1.30 X X 0 0 0 ALFONSO RUFFO BOARD MEMBER 0.30 X 0 0 0 ANTONIO DE MATTEIS BOARD MEMBER 0.30 X 0 0 0 JOSEPH V DEL RASO ESQ BOARD MEMBER 0.30 X 0 0 0 DANIEL M DILELLA BOARD MEMBER 0.30 X 0 0 0 JOSEPH D GULINO BOARD MEMBER 0.30 X 0 0 0 FRANK MATTEI BOARD MEMBER 0.30 X 0 0 0 DINO F PETRONGOLO BOARD MEMBER 0.30 X 0 0 0 CARL SCHRAMM BOARD MEMBER 0.30 X 0 0 0 ALAN A DAMBROSIO ESQ BOARD MEMBER 0.30 X 0 0 0 AURELIO DE LAURENTIIS BOARD MEMBER 0.30 X 0 0 0 DOMINIC CAGLIOTI BOARD MEMBER 0.30 X 0 0 0 GERARD V CENTIOLI BOARD MEMBER 0.30 X 0 0 0 ANDREA DELFINI BOARD MEMBER 0.30 X 0 0 0 JANET M DIFIORE BOARD MEMBER 0.30 X 0 0 0 DEBRA DIMAGGIO ESQ BOARD MEMBER 0.30 X 0 0 0 MICHAEL MATURO BOARD MEMBER 0.30 X 0 0 0 MASSIMO PETRONE BOARD MEMBER 0.30 X 0 0 0 PETER RIGUARDI BOARD MEMBER 0.30 X 0 0 0 GARY J SILVI BOARD MEMBER 0.30 X 0 0 0 NICK SINATRA BOARD MEMBER 0.30 X 0 0 0 ROBERT V ALLEGRINI PRESIDENT 40.00 X 293706 0 47092 GERALDINE JONES CHIEF OF STAFF 40.00 X 183689 0 29311 477395 0 76403 2 0 1 0 THE OMNI SHOREHAM HOTEL 2500 CALVERT ST NW WASHINGTON DC 20008 VENUE FOR NIAF'S FALL GALAS, NORMALLY HE 385102 GLEN OAKS CLUB 175 POST ROAD OLD WESTBURY NEW YORK NY 10568 VENUE FOR NIAF'S ANNUAL NEW YORK GOLF OU 141163 ENCORE DECOR INC 2321 STEWART AVENUE SUITE D SILVER SPRING MD 20910 PROVIDES AUDIO VISUAL AND LIGHTING FOR N 131160 ADP INC ONE ADP BOULEVARD ROSELAND NJ 07068 PROVIDES PAYROLL SERVICES FOR NIAF AND A 127158 ARIZONA BILTMORE 2400 EAST MISSOURI AVENUE PHOENIX AZ 85016 VENUE FOR NIAF'S PHOENIX REGIONAL GALA; 114452 6 748054 1808971 2557025 GALA DINNER 900099 1363233 1363233 SPECIAL PROJECTS 900099 648228 648228 EDUCATION DEPARTMENT 900099 163617 163617 PUBLICATIONS REVENUE 541800 59770 59770 OTHER 900099 14835 14835 2249683 196774 196774 2519664 2444499 75165 75165 75165 5078647 2189913 0 331709 63800 63800 273010 273010 383455 383455 1089059 375512 656490 57057 81600 28136 49188 4276 134389 46338 81011 7040 71029 24491 42817 3721 158219 3500 154719 55311 55311 29710 19668 10042 20522 5803 13719 1000 305939 116498 188929 512 184646 184646 91526 91526 190398 34823 154761 814 1248195 1248195 14415 14415 58593 58593 34713 34713 DESIGN AND PRODUCTION C 133578 85385 48193 AUCTION ITEMS 117150 117150 TEAM BUILDING 114221 38209 76012 DUES & SUBSCRIPTIONS 2500 2500 4855978 2866473 1915085 74420 79659 97240 2510204 2203058 2468955 2352171 105171 174872 2333123 1630960 742033 702163 7435263 6874528 13341285 12404032 157444 223372 8000 131500 500183 501430 665627 856302 X 2011582 2272346 10664076 9275384 12675658 11547730 13341285 12404032 222669 -1350597 0 X X 0 1 X 1 0 X 1921121 1740641 1216705 1748898 2557025 9184390 1162059 1546396 702842 2892678 2249683 8553658 3083180 3287037 1919547 4641576 4806708 17738048 232750 320490 296434 256400 232600 1338674 78428 85550 88485 17572 121891 391926 311178 406040 384919 273972 354491 1730600 16007448 303630 249411 186714 229783 196774 1166312 303630 249411 186714 229783 196774 1166312 3386810 3536448 2106261 4871359 5003482 18904360 0.84680 0.81840 0.06170 0.06740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3015887 10000 3025887 2975887 40000 3015887 2975887 2975887 2875887 100000 2975887 3272751 150000 546864 2875887 0 0 344963 344963 1552404 1213246 339158 435756 417714 18042 702163 CREDIT CARD PAYABLE 2436 NOTE PAYABLE 498994 501430 X 3728050 -1350597 -1350597 5078647 0 5078647 4786253 0 4786253 55311 14414 69725 4855978 PART V, LINE 4: THE VICTORIA J. MASTROBUONO BEQUEST: THE FUND WILL BE USED FOR SEVERAL FOUNDATION PROGRAMS INCLUDING THE VICTORIA J. MASTROBUONO FELLOWSHIP IN THE ARTS FOR STUDENTS PURSUING ACADEMICS IN ITALY; THE VICTORIA J. MASTROBUONO CHALLENGE GRANT FOR ADVANCED PLACEMENT (AP) OF ITALIAN FOR THE CONTINUED FUNDING OF THE COLLEGE BOARD'S AP ITALIAN PROGRAM; THE VICTORIA J. MASTROBUONO DISTINGUISHED SPEAKERS SERIES IN THE ARTS, LITERATURE AND MUSIC FEATURING LEADING EXPERTS IN THEIR RESPECTIVE FIELDS; THE VICTORIA J. MASTROBUONO DIGITAL ARCHIVE AT THE FOUNDATION, A PUBLIC, ONLINE INDEX OF THE FOUNDATION'S HISTORY AND THE VICTORIA J. MASTROBUONO ENGAGEMENT INITIATIVE, AN ONLINE EDUCATION, COMMUNICATION AND OUTREACH PROGRAM UTILIZING NEW MEDIA. CAMPITELLI ENDOWMENT: THE ANTHONY CAMPITELLI ENDOWED FUND, NAMED IN HONOR OF ANTHONY CAMPITELLI, WAS CREATED TO SUPPORT VARIOUS PROJECTS AND ESTABLISHMENTS IN THE PROVINCE OF CHIETI IN ABRUZZO ITALY AND IN THE TOWN OF CASTEL FRENTANO. ALL INTEREST EARNED FROM THE DONATION AND ANY INTEREST EARNED FROM FUNDS ADDED TO THE PRINCIPAL DONATION WILL BE USED FOR ANNUAL DONATIONS TO SUPPORT NURSING HOMES FOR THE ELDERLY, LOCAL SCHOOLS AND CHURCHES OR OTHER PROJECTS IN THE CHIETI PROVINCE. THE NATIONAL ITALIAN AMERICAN FOUNDATION ENDOWMENT TRUST FUND (ENDOWMENT TRUST) IS AN IRREVOCABLE TRUST FUND CREATED FOR THE PURPOSE OF ENCOURAGING DONATIONS TO THE FOUNDATION AND TO ENSURE CONTINUED FINANCING OF THE OPERATING EXPENSES OF THE FOUNDATION. ONLY THE INCOME DERIVED FROM THE PRINCIPAL MAINTAINED WITHIN THE ENDOWMENT TRUST CAN BE USED TO FINANCE THE OPERATING EXPENSES OF THE FOUNDATION. THE ENDOWMENT TRUST WAS AMENDED IN JUNE 2018 TO ALLOW FOR THE BROAD USE OF BOTH PRINCIPAL AND INTEREST FOR OPERATING PURPOSES, CONSISTENT WITH ANY LAWFUL PURPOSE OF THE FOUNDATION AS A NON PROFIT ENTITY AND AT THE DISCRETION OF THREE TRUSTEES OF THE ENDOWMENT. VOYAGE OF DISCOVERY: THE VOYAGE OF DISCOVERY IS AN EDUCATIONAL AND CULTURAL EXCHANGE PROGRAM FOR YOUNG ITALIAN AMERICAN COLLEGE STUDENTS BETWEEN THE AGES OF 18 AND 23. THE PURPOSE OF THE VOYAGE OF DISCOVERY IS TO STRENGTHEN THE ITALIAN AMERICAN IDENTITY BY BONDING YOUNG ITALIAN-AMERICANS TO THE COUNTRY, CULTURE, AND HERITAGE OF ITALY; TO HELP THEM GAIN AN UNDERSTANDING OF THEIR HERITAGE AND A PRIDE IN PRESERVING THAT HERITAGE FOR THE NEXT GENERATION; AND TO UNDERSTAND THE HISTORICAL SIGNIFICANCE OF ITALY AND THE CURRENT CONTRIBUTION ITALY IS MAKING TO THE US AND THE WORLD. THE PROGRAM IS ALL-EXPENSES PAID TRIP COVERING ROUND-TRIP AIRFARE BETWEEN ITALY AND AMERICA AND 10 DAYS OF PROGRAMS. THE NIAF ERNEST PELLEGRI ENDOWED FUND: THE FUND WILL BE USED TO SUPPORT COLLEGE AND UNIVERSITY STUDENTS OF ITALIAN AMERICAN HERITAGE WHO ARE STUDYING THE LATIN LANGUAGE AND THE HISTORY OF THE ROMAN EMPIRE. THE SALVATORE CATANESE MEMORIAL SCHOLARHSIP: THE PURPOSE OF THIS GIFT IS TO ESTABLISH AN ENDOWED SCHOLARSHIP FUND WITHIN NATIONAL ITALIAN AMERICAN FOUNDATION TO SUPPORT SCHOLARSHIPS IN THE NAME OF SALVATORE CATANSES. THE DONOR WISHES THAT UPON HIS DEMISE, 100% OF THE SALVATORE CATANESE ESTATE BE SOLD AND GIFT TO THE NATIONAL ITALIAN AMERICAN FOUNDATION TO EXSTABLE THE SALVATORE CATANESE SHOLARSHIP FUND. LAMANTIA FAMILY SCHOLARSHIP FUND: THE PURPOSE OF THIS GIFT IS TO ESTABLISH SCHOLARSHIPS FUND (FUND) WITHIN THE FOUNDATION. THE FOUNDATION UNDERSTANDS THAT THE DONOR HAS SPECIFIC SELECTION CRITERIA FOR THE SCHOLARSHIP RECIPIENTS. THE DONOR IS AWARE THAT THE FOUNDATION WILL ONLY AWARD SCHOLARSHIPS GREATER THAN OR EQUAL TO $2,500. PART X, LINE 2: MANAGEMENT HAS EVALUATED TAX POSITIONS THAT COULD HAVE SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2022 AND 2021, WHICH REQUIRE DISCLOSURE OR RECOGNITION. GENERALLY, THE FOUNDATION'S TAX RETURNS REMAIN OPEN FOR THREE YEARS FOR FEDERAL INCOME TAX EXAMINATION. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 14,414. 1 EUROPE GRANTS TO RECIPIENTS LOCATED IN REGION 383455 0 0 0 0 0 0 383455 0 383455 EUROPE GRANT PAYMENT FOR "WE LOVE COLUMBUS" CAMPAIGN 8338 WIRE 0 EUROPE SPONSORSHIP FOR OPERA ITALIANA IS IN THE AIR CONCERT FOR PEACE 10000 WIRE 0 EUROPE PAYMENT 1 FOR THE PUBLICATION OF A WHITE PAPER THROUGH THE EUROPEAN HOUSE AMBROSETTI 50000 WIRE 0 EUROPE PAYMENT 2 FOR THE PUBLICATION OF A WHITE PAPER THROUGH THE EUROPEAN HOUSE AMBROSETTI 50000 WIRE 0 EUROPE REMAINDER OF CASTEL FRENTANO GRANT 76855 WIRE 0 EUROPE ARRANGEMENT BETWEEN SOCIETA AND NIAF FOR THE BENEFIT OF THE COMMUNITY FOLLOWING THE DAMAGE RESULTING FROM EARTHQUAKE IN 2016 125000 WIRE 0 EUROPE FAUCI FELLOWSHIPS PAYMENT FOR ITALIAN PARTICIPANT, MICHELA BUONOCUORE 50000 WIRE 0 2022 GEORGETOWN VILLA LE BALZE SUMMER PROGRAM SUPPORT AND GRANT FOR THE 2022 RUSSO BROTHERS ITALIAN AMERICAN FILM FORUM EUROPE 2 13262 WIRE 0 0 0 0 0 0 PART I, LINE 2: THE NIAF GRANTS AWARDED INTERNATIONALLY ARE MONITORED IN THE SAME WAY AS THE DOMESTIC GRANTS. THE NIAF REQUIRES ALL GRANT APPLICANTS TO FILL OUT AN APPLICATION INCLUDING THE PROJECT DESCRIPTION, ITEMIZED BUDGET, PERSONNEL AND RELATED EXPERIENCE, AND THE GOALS OF THE PROJECT. THE GRANT RECIPIENTS MUST SUBMIT STATUS REPORTS TO RECEIVE THEIR FINAL GRANT PAYMENT. SELECTION CRITERIA ARE STATED ON THE APPLICATION AND ARE BASED ON THE PROJECT'S COMPATIBILITY WITH THE FOUNDATION'S MISSION. THE GIOP GRANTS, MANY OF WHICH ARE AWARDED INTERNATIONALLY, ARE MONITORED BY THE GIOP FOUNDATION. ;LISTTOTAL 383455 PART III ACCOUNTING METHOD: 1 I AM BOOKS 124 SALEM STREET BOSTON MA 02113 475177405 0 6000 GRANT FOR OUR VOYAGE: ITALIAN AMERICAN STORIES VIRTUAL SERIES FRIENDS OF CALANDRA INSTITUTE FND 25 WEST 43RD STREET 17TH FLOOR NEW YORK NY 10036 264235918 501(C)(3) 0 6000 GRANT FOR 2022 EDITION OF THE ITALIAN DIASPORA STUDIES SUMMER SEMINAR ITALIC INSTITUTE OF AMERICA INC PO BOX 818 FLORAL PARK NY 11002 112859975 501(C)(3) 0 6000 GRANT TO SUPPORT THE PUBLICATION AND RESEARCH FOR PROJECT ITALIA THE FISHERMANS FEAST PO BOX 130076 HANOVER STREET STATION BOSTON MA 02113 043158730 501(C)(3) 0 6500 NIAF SPONSORSHIP FOR 112TH FISHERMAN'S FEAST OF BOSTON PAIDEIA INSTITUTE FOR HUMANISTIC STUDY 75 VARICK ST 11TH FLOOR NEW YORK NY 10013 454597273 501(C)(3) 0 9300 2022 NIAF SCHOLARSHIP FOR ITALIAN AMERICAN STUDENTS TO LIVING LATIN IN ROME HIGH SCHOOL ITALIAN WELFARE LEAGUE 8 EAST 69TH STREET NEW YORK NY 10021 131624051 501(C)(3) 0 10000 SPONSORSHIP OF ITALIAN WELFARE LEAGUE LUNCHEON AWARDED FOR USE TOWARD EDUCATION EXPENSES SUCH AS TUITION, BOOKS, COMPUTERS, AND DORMITORY. 46 273010 PART I, LINE 2: THE NIAF REQUIRES ALL GRANT APPLICANTS TO FILL OUT AN APPLICATION INCLUDING THE PROJECT DESCRIPTION, ITEMIZED BUDGET, PERSONNEL AND RELATED EXPERIENCE, AND THE GOALS OF THE PROJECT. THE GRANT RECIPIENTS MUST SUBMIT STATUS REPORTS TO RECEIVE THEIR FINAL GRANT PAYMENT. SELECTION CRITERIA ARE STATED ON THE APPLICATION AND ARE BASED ON THE PROJECT'S COMPATIBILITY WITH THE FOUNDATION'S MISSION. 0 0 0 0 0 0 0 1 0 ROBERT V ALLEGRINI PRESIDENT 245706 0 48000 0 0 0 26133 0 20959 0 340798 0 0 0 GERALDINE JONES CHIEF OF STAFF 141689 0 15000 0 27000 0 18000 0 11311 0 213000 0 0 0 PART I, LINE 7 AMOUNT PAID FOR SERVICES PROVIDED IN FURTHERENCE OF THE EXEMPT STATUS OF THE ORGANIZATION. X TRAVEL PACKAGES 5 52500 X FOOD 2 20000 X CLOTHING & ACCESSORIES 21 15495 X TICKETS 8 13350 X MEMORABILIA 23 9555 X WINE 13 6250 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE BOARD EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY, BUT THE COMMITTEE DOES NOT DOCUMENT ITS MEETINGS UNLESS ACTION ITEMS ARE DISCUSSED. THE DECISION NOT TO DOCUMENT THE MEETINGS WAS A DECISION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A DRAFT OF THE TAX RETURN WAS REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE AND THEN CIRCULATED WITH THE BOARD'S EXECUTIVE COMMITTEE. THE NATIONAL ITALIAN AMERICAN FOUNDATION IS IN THE PROCESS OF ESTABLISHING A RIGOROUS REVIEW PROCESS OF THE RETURN PRIOR TO FILING. SUCH A PROCESS WILL INVOLVE SELECTED BOARD MEMBERS WITH FINANCIAL OVERSIGHT RESPONSIBILITIES OVER THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO READ AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. IT IS THE BOARD MEMBER'S AND EMPLOYEE'S RESPONSIBILITY TO NOTIFY HIS/HER SUPERVISOR OF POTENTIAL CONFLICTS AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 15 NIAF'S PERSONNEL & COMPENSATION COMMITTEE AND THE EXECUTIVE COMMITTEE ARE RESPONSIBLE FOR DETERMINING THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 NIAF'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO EMPLOYEES AND THE PUBLIC UPON REQUEST. 990 PART XII, LINE 2C EXPLANATION THE BOARD OF DIRECTORS' RESPONSIBILITY AS IT RELATED TO OVERSIGHT OF THE AUDIT IS CONSISTENT WITH THE PRIOR YEAR.