Clemente Soto Velez Cultural & Education Center Inc

Organization Overview

Clemente Soto Velez Cultural & Education Center Inc is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Clemente Soto Velez Cultural & Education Center Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clemente Soto Velez Cultural & Education Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2021, Clemente Soto Velez Cultural & Education Center Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $881.5k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CLEMENTE SOTO VELEZ CULTURAL AND EDUCATIONAL CENTER INC. THE CLEMENTE IS A PUERTO RICAN/ LATINO CULTURAL INSTITUTION THAT HAS DEMONSTRATED A BRAOD-MINDED CULTURAL VISION AND COLLABORATIVE PHILOSOHY, SEE SCHDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

ART/STUDIO/THEATER SPACE PROVIDE YEAR ROUND ADDORDABLE PERFORMING AND VISUAL ART SPACE AT SUBSIDIZED RATES TO OVER 100 LATINO AND MULTICULTURAL RESIDENT AND VISTING ARTISTS HOSTS LATINO AND MULTICULTURAL ORGANIZATIONS, PROGRAMS AND ART EXHIBITIONS, AND ALLOWS FOR ARTISTIC CO-OPERATION AMONG ARTISTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$11,769
Related organizations$0
Government grants $253,413
All other contributions, gifts, grants, and similar amounts not included above$586,289
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$851,471
Total Program Service Revenue$757,001
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,657,429

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Clemente Soto Velez Cultural & Education Center Inc has recieved totaling $67,523.

Awarding OrganizationAmount
Howard Gilman Foundation Inc

New York, NY

PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT

$35,000
Howard Gilman Foundation Inc

New York, NY

PURPOSE: FOUNDATION GRANT - CAPITAL/EQUIPMENT

$25,000
Claire And Theodore Morse Foundation

Los Angeles, CA

PURPOSE: GENERAL SUPPORT

$7,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$23
View Grant Recipient Profile

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