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 12/2021, Venetian Heritage Inc generated $610.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $481.7k during the year ending 12/2021. 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
2021
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
FURNISHING AND RESTORATION, ROOM 5 AND 6 GALLERIE DELL'ACCADEMIA, VENICETHE GALLERIE DELL'ACCADEMIA STATE MUSEUM WAS OPENED IN 1817, MODELLED AFTER THE LOUVRE. THE COLLECTION WAS ENRICHED OVER THE COURSE OF THE 19TH CENTURY BY SOME IMPORTANT BEQUESTS AND PUBLIC PURCHASES. IT IS NOW THE TEMPLE OF VENETO PAINTINGS. THE FUNDING FOR THE RENOVATION OF THE FURNISHINGS AND RESTORATION OF 66 OLD MASTER PAINTINGS, AMONG THEM BY TIEPOLO, SEBASTIANO RICCI AND PIAZZETTA, NEVER BEFORE SEEN AND TO BE PERMANENTLY DISPLAYED, WAS MADE POSSIBLE BY THE LIAISON AU LOUVRE/LA DOLCE VITA EVENTS IN PARIS AND VENICE. THE WORK STARTED IN 2018 WITH THE RESTORATION OF THE GILDED FRAMES OF THE PAINTINGS THAT WILL BE PERMANENTLY EXHIBITED IN THE ROOM 5. WITH THE MUSEUM RECEIVING ADDITIONAL STATE FUNDING IN 2019, VENETIAN HERITAGE WAS ABLE TO EXTEND THE PROJECT TO INCLUDE ROOM 6. THE ROOMS OPENED TO THE PUBLIC IN SEPTEMBER OF 2021.THE BELLINI ALTARPIECES GALLERIE 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 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 2022.CONDUSSI RENAISSANCE STAIRCASE SCUOLA GRANDE SAN GIOVANNI EVANGELISTATHE MAJORITY OF THE FUNDS RAISED FROM THE 2019 BIENNALE WEEKEND WILL GO TOWARD THE RESTORATION OF THE MONUMENTAL EARLY RENAISSANCE STAIRCASE BUILT BY MAURO CODUSSI IN 1498 FOR THE SCUOLA GRANDE SAN GIOVANNI EVANGELISTA. WORK BEGAN IN SEPTEMBER 2019 AND IS EXPECTED TO BE COMPLETED BY APRIL 2022.IL CASTIGO DEI SERPENTI BY GIAMBATTISTA TIEPOLO GALLERIE DELL'ACCADEMIA, VENICEA PORTION OF THE FUNDS RAISED FROM THE 2019 BIENNALE WEEKEND WILL FUND THE RESTORATION OF TIEPOLO'S 44- FOOT-LONG BIBLICAL-THEMED FRIEZE, WHICH WAS ROLLED AND STORED IN AN ATTIC FOR CENTURIES, CAUSING SIGNIFICANT DAMAGE TO THE PAINTING'S SURFACE. THE WORK WILL BE RESTORED IN HONOR OF VENETIAN HERITAGE FOUNDER LAWRENCE LOVETT. THE RESTORED PAINTING WAS INSTALLED AT THEGALLERIE DELL'ACCADEMIA IN SEPTEMBER OF 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Priscilla Miller Vice Chairman | OfficerTrustee | 1 | $0 |
Peter Marino Chairman/president | OfficerTrustee | 1 | $0 |
Thomas Quick Vice President | OfficerTrustee | 1 | $0 |
Maury Riad Treasurer | OfficerTrustee | 1 | $0 |
Rodman Primack Vice President | OfficerTrustee | 1 | $0 |
Caroline Levy-Mazella Di Bosco Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $609,476 |
Noncash contributions included in lines 1a–1f | $10,671 |
Total Revenue from Contributions, Gifts, Grants & Similar | $609,476 |
Total Program Service Revenue | $0 |
Investment income | $551 |
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 | $610,027 |
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 | $316,281 |
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 | $37,501 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,239 |
Payroll taxes | $2,975 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $10,878 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $97,625 |
Advertising and promotion | $0 |
Office expenses | $3,639 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $2,279 |
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 | $1,235 |
All other expenses | $0 |
Total functional expenses | $481,693 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $859,378 |
Pledges and grants receivable | $20,000 |
Accounts receivable, net | $0 |
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 | $946 |
Net Land, buildings, and equipment | $822 |
Investments—publicly traded securities | $80,498 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $961,644 |
Accounts payable and accrued expenses | $14 |
Grants payable | $0 |
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 | $14 |
Net assets without donor restrictions | $961,630 |
Net assets with donor restrictions | $0 |
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 | $961,644 |
Over the last fiscal year, we have identified 2 grants that Venetian Heritage Inc has recieved totaling $74,253.
Awarding Organization | Amount |
---|---|
Peter Marino Charitable Foundation New York, NY PURPOSE: PROMOTE AND PRESERVE HISTORIC ART | $49,253 |
Peter Marino Charitable Foundation New York, NY PURPOSE: PROMOTE AND PRESERVE ART | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY | $375,628,094 | $51,526,373 |
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |