Gargiulo Art Foundation Inc.

Overview

The Gargiulo Art Foundation Inc. is a charitable organization categorized under Arts, Culture and Humanities as an arts, cultural organization of multipurpose type (NTEE)[1]. Founded in 2001, it is headquartered in Palm Coast, Florida[5].

Financial Information

The foundation's financial activities are documented through Form 990-PF filings. Recent data indicate that the organization's revenue was primarily derived from contributions, with no expenses reported for charitable disbursements or officer compensation in some years[1]. For instance, in 2019, the foundation reported total assets of $2,280, and in previous years, assets have varied between approximately $8,070 and $8,997[1]. In 2020, the foundation recorded $41,022 in revenue[5].

Programs and Activities

The Gargiulo Art Foundation is actively involved in recognizing and promoting artists through its "Artist of the Year" program. The selection process for this honor involves evaluating not only the artistic talent but also the individual's contributions to the art community[2]. This program aims to provide a comprehensive showcase of the artist's work beyond what is typically displayed in group exhibitions[2]. The foundation collaborates with local galleries to host these exhibitions, often supported by community grants[2].

Governance

Key individuals involved in the governance of the foundation include Thomas Gargiulo and Arlene Volpe, who have served as directors[1]. In the past, Arlene Volpe received compensation for her role, while Thomas Gargiulo did not[1].

Tax Status

Donations to the Gargiulo Art Foundation are tax-deductible, reflecting its status as a charitable organization[1]. However, it is noted that the organization is not listed in the IRS's most recent list of tax-exempt organizations[1].