The Clemente
Legal name: Clemente Soto Velez Cultural and Education Center
Nonprofit profile at a glance
- EIN
- 133735337
- IRS 990 coverage
- 2018–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- (212) 260-4080
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $3,760,249
- Expenses
- $1,715,147
- Assets
- $7,402,615
- Liabilities
- $130,272
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Highest reported compensation
- LIBERTAD GUERRA (EXECUTIVE DI): $133,214 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Your contributions help us to succeed in our mission to provide an affordable home to visual and performing artists of a diverse cultural background.
What it reported doing in 2024
Clemente soto velez cultural & educational center (the organization, we, us, our) is a nonprofit incorporated in 1993 under not-for-profit corporation laws of the state of New York for charitable purposes within the meaning of section 501 (c) (3) of the internal revenue code of 1954. The organization's mission is focused on the cultivation, presentation and preservation of puerto rican/latino culture and is equally determined to operate in a multi-cultural and inclusive manner, housing and promoting artists and performance events that fully reflect the cultural diversity of the lower east side of manhattan, New York, and the city of New York as a whole. The organization provides subsidized artist studios and office space for numerous visual artists and nonprofit art organizations, an external review panel and a full schedule of exhibition and related activities, and for building activities, and for building community through the arts, which offers subsidized performance and rehearsal space to non profit arts organizations across the city. In addition to its theaters, the organization also provides short-term rentals of the parking lot and other areas throughout the building for artistic purposes.
Operating model
- Revenue model
- Donor-supported. 78% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 82
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.4%; rating input score 38
- Program expense ratio: 78.1%; rating input score 78
- Fundraising efficiency: $43.44 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 54.4%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 4.32; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
- Officer compensation ratio: 7.8%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 11.3% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 21.3% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 35.5% per year; rating input score 100; 95th percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 38.4% of revenue deployed · 78.1% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $133K · 9 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.