Venetian Heritage Inc

Nonprofit profile at a glance

EIN
522143244
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2124210062
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Visual Arts Organizations

Official website

Reported finances

Revenue
$1,448,327
Expenses
$1,929,904
Assets
$2,493,356
Liabilities
$24,373

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • PETER MARINO (CHAIRMAN/PRESIDENT)
  • BENIGNO AGUILAR (VICE PRESIDENT)
  • THOMAS QUICK (VICE PRESIDENT)

People named in this filing

  • PETER MARINO (CHAIRMAN/PRESIDENT)
  • PRISCILLA MILLER (VICE CHAIRMAN)
  • BENIGNO AGUILAR (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of venetian heritage is to encourage and support artistic and intellectual initiatives and cultural exchange between the u.s. And italy; to safeguard venetian cultural heritage as manifested in architecture, music and fine arts in venice and its former dominion; to sponsor exhibitions, lectures and conferences intended to stimulate interest in the urgent and never-ending needs of venice, and to familiarize people all over the world with the problems of the city.

What it reported doing in 2024

Filippo parodi, bust of christ (ecce homo) doge's palace, venice: venetian heritage completed the restoration of filippo parodi's 17th-century bust of christ, culminating in a scholarly publication and an exhibition at the doge's palace. The project restored the marble's original luminosity and contributed new art-historical research on parodi's venetian period.giovanni bellini, madonna in gloria with eight saints church of san pietro martire, murano: the restoration of bellini's monumental altarpiece, executed between 15101515, continued in collaboration with the opificio delle pietre dure in florence. The project involves extensive structural stabilization and cleaning, and is expected to return the masterpiece to public view in 2026.giovanni bellini, san giobbe altarpiece gallerie dell'accademia, venice: work progressed on the conservation of bellini's celebrated san giobbe altarpiece (ca. 1487), focusing on surface cleaning and the consolidation of the wooden support. This restoration will ensure the preservation of one of venice's most iconic renaissance paintings.jacopo sansovino, madonna col bambino e due putti ipav, venice: venetian heritage began conservation of sansovino's 1532 papier-mch sculpture, revealing its refined modeling and reinstating its devotional and artistic significance within the ipav collection.galleria giorgio franchetti alla ca' doro venice: the foundation's major ongoing project at the ca' doro advanced substantially in 2024. This comprehensive restoration and reinstallation will revitalize the historic galleries and enhance the visitor experience through improved exhibition design and accessibility.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 80
  • Accountability: 94
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91.7%; rating input score 92
  • Fundraising efficiency: $21.18 raised per $1 spent on fundraising; rating input score 60; 60th 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: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Pass
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • 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 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -33.3%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 1.29; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 15.8% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 12.2% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 12.9% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91.7% of spending went to programs
  • Governance: 20 of 20 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.8M in reported program spending
  • Leadership: top reported pay $0 · 20 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors and foreign activity
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
  • High — Sustainability: Operating margin scored 5/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.