Venetian Heritage Inc
- Assets
- $3.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 52-2143244
Organization Overview
Venetian Heritage Inc is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venetian Heritage 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 12/2023, Venetian Heritage Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $344.6k during the year ending 12/2023. While expenses have increased by 9.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BELLINI ALTARPIECESGALLERIE DELL'ACCADEMIA, VENICETHE FAMOUS ALTARPIECE DEPICTING THE VIRGIN IN GLORY WITH SAINTS IS A 1510-1515 OIL ON PANEL PAINTING BY GIOVANNI BELLINI AND HIS STUDIO, AND SINCE 1980, HAS BEEN DEPOSITED AT THE GALLERIE DELL'ACCADEMIA MUSEUM DUE TO ITS PRECARIOUS STATE OF CONSERVATION. IT MEASURES 3.5M BY 2.25M. IT WAS ORIGINALLY PAINTED FOR THE CHURCH OF SANTA MARIA DEGLI ANGELI IN MURANO AND DURING THE FRENCH DOMINATION, IT WAS TRANSFERRED TO THE NEARBY CHURCH OF SAN PIETRO MARTIRE, ALWAYS IN MURANO ISLAND. THE ALTARPIECE HAS BEEN SHIPPED TO FLORENCE, WHERE IT IS NOW UNDER RESTORATION AT THE OPIFICIO DELLE PIETRE DURE IN FLORENCE, THE MOST PROMINENT PUBLIC INSTITUTE OF RESTORATION IN ITALY. THE PROJECT IS EXPECTED TO BE COMPLETED IN 2024.COSM TURA "MADONNA DELLO ZODIACO"GALLERIE DELL'ACCADEMIA MUSEUM, VENICECOSM TURA (C. 1430-1495) WAS AN ITALIAN PAINTER FROM THE EARLY RENAISSANCE PERIOD KNOWN FOR HIS DISTINCTIVE COMBINATION OF LATE GOTHIC AND EARLY RENAISSANCE ELEMENTS AND RECOGNIZED FOR HIS INNOVATIVE APPROACH TO COMPOSITION AND USE OF COLOR. THIS RESTORATION PROJECT INVOLVES ANON-SITE WORKSHOP, SCIENTIFIC ANALYSIS, WOOD DISINFESTATION, AND CAREFULLY RESTORING BOTH WOODEN ELEMENTS AND THE PAINTED SURFACE. THE GOAL IS TO PRESERVE THE ARTWORK'S HISTORICAL SIGNIFICANCE AND REVEAL ITS TRUE BEAUTY. RESTORATION WORK BEGAN IN SEPTEMBER 2022 AND WAS COMPLETED IN FEBRUARY 2023.LIGHTING SYSTEM FOR THE MONUMENTAL STAIRCASESCUOLA GRANDE SAN GIOVANNI EVANGELISTA, VENICEFOLLOWING THE SUCCESSFUL RESTORATION OF MAURO CODUSSI'S MONUMENTAL STAIRCASE, BUILT FOR THE SCUOLA GRANDE SAN GIOVANNI EVANGELISTA IN THE 15TH CENTURY, A NEW LIGHTING SYSTEM WAS INSTALLED TO ENHANCE THIS ARCHITECTURAL MASTERPIECE OF THE LATE FIFTEENTH CENTURY. WORK WAS COMPLETED IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Marino Chairman/president | OfficerTrustee | 1 | $0 |
Priscilla Miller Vice Chairman | OfficerTrustee | 1 | $0 |
Rodman Primack Vice President | OfficerTrustee | 1 | $0 |
Thomas Quick Vice President | OfficerTrustee | 1 | $0 |
Carlo Barel D'sant Albano Treasurer | OfficerTrustee | 1 | $0 |
Caroline Levy-Mazella Di Bosco Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $390,248 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,739,116 |
| Noncash contributions included in lines 1a–1f | $41,722 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,129,364 |
| Total Program Service Revenue | $0 |
| Investment income | $20,953 |
| 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 | $2,150,317 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $179,869 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,502 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $326 |
| Payroll taxes | $3,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $113 |
| Fees for services: Accounting | $9,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,775 |
| Advertising and promotion | $0 |
| Office expenses | $2,642 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259 |
| Insurance | $383 |
| All other expenses | $0 |
| Total functional expenses | $344,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,126 |
| Savings and temporary cash investments | $2,718,254 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,318 |
| Net Land, buildings, and equipment | $304 |
| Investments—publicly traded securities | $146,556 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,177,058 |
| Accounts payable and accrued expenses | $8,124 |
| Grants payable | $99,849 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $107,973 |
| Net assets without donor restrictions | $1,902,469 |
| Net assets with donor restrictions | $1,166,616 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,177,058 |