Venezuelan American Endowment for the Arts Inc

Nonprofit profile at a glance

EIN
133619611
IRS 990 coverage
2012–2023
Forms available
Form 990 2023
Location
New Rochelle, NY, USA
Phone
9172858232
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$347,176
Expenses
$56,660
Assets
$2,262,855
Liabilities
$427,997

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • ALI CORDERO CASAL (PRESIDENT)

People named in this filing

  • ALI CORDERO CASAL (PRESIDENT)
  • LUIS R CANCEL (DIRECTOR)
  • JOHN STEPHEN FANCHER (DIRECTOR)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The venezuelan american endowment for the arts mission is to promote through the visual and performing arts a deeper and richer understanding by venezualan citizens of u. S. Culture, and by u.s. Citizens of venezualan culture. It is also to support the development and appreciation by u.s. Students and other members of the u.s. General public of visual and perfrorming art by venezualan artists, and by venezualan students and other members of the venezualan general public of visual and performing art by u.s. Artists. It is also to support, including by funding and the conduct of activities including the exhibition, performance, publication, distribution and dissemination of works of , and informatio regarding, venezualan visual and performing art in the u.s. , and u.s. Visual and performing art in venezualan. It is also to support speakers and researchers from each country on matters relating to vaea purposes. It is to provide funding and support to individuals and organizations including

What it reported doing in 2023

Accomplishments include promoting through the visual and performing arts a deeper and richer understanding by venezuelan citizens of u.s. Culture and by u.s. Citizens of venezuelan culture.

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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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: 36
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 86
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 10%; rating input score 10
  • Program expense ratio: 61%; rating input score 61
  • Fundraising efficiency: $140.79 raised per $1 spent on fundraising; rating input score 89; 89th 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 83.7%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 39.94; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -16.4% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -8.3% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: 13.2% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 10% of revenue deployed · 61% of spending went to programs
  • Governance: 6 of 6 board members independent · 1 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $35K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2012 to 2023
  • 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 10/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.