The Rafael Soriano Foundation Inc
Nonprofit profile at a glance
- EIN
- 273519845
- IRS 990-EZ coverage
- 2016–2025
- Forms available
- Form 990 2017, Form 990-EZ 2025
- Location
- Miami Beach, FL, USA
- Phone
- 3056151458
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $63,148
- Expenses
- $61,151
- Assets
- $338,472
- Liabilities
- $1,397
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- HORTENSIA SORIANO (PRESIDENT)
People named in this filing
- HORTENSIA SORIANO (PRESIDENT)
- LISA FAQUIN (VICE PRESIDE)
- LARRY FELDMAN (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
It is the mission, duty and purpose of the rafael soriano foundation, inc. ("foundation") to preserve and encourage an understanding and appreciation of rafael soriano's ("mr. Soriano") artwork as he is one of the leading latin american artists of his generation. The foundation works to promote exhibitions and scholarships in the hopes of bringing mr. Soriano's life's passion to those both here and abroad.
What it reported doing in 2025
To educate people and foster a love of the art of rafael soriano by displaying rafael soriano's art at various venues. A documentary, into the light (hacia la luz) has also been created which highlights the life and influences of rafael soriano, not only as an artist but also as a person. This documentary is currently playing at various venues for thousands of viewers.
Operating model
- Revenue model
- Donor-supported. 100% 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
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 19
- Transparency & Controls: 100
- Sustainability: 58
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19.2%; rating input score 19
- Program expense ratio: 19.9%; rating input score 20
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 3.2%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 5.54; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 5.4% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: -9.8% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 19.2% of revenue deployed · 19.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $12K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2016 to 2025
- Contacts: How to reach this organization
- 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.
- High — Financial Efficiency: Mission deployment rate scored 19/100.
- High — Financial Efficiency: Program expense ratio scored 20/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.