SVIEC FOUNDATION (F/K/A MIND THE BRIDGE FOUNDATION)

EIN: 241468921 501(c)(3) Education

SAN FRANCISCO, CA

Total Revenue
$5,010
Total Expenses
$10,906
Total Assets
$20,235
Net Assets
$19,541
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CA
Principal Officer
MARCO MARINUCCI
Phone
6508042314
Tax Period
2022-01-01 to 2022-12-31

SVIEC FOUNDATION (F/K/A MIND THE BRIDGE FOUNDATION), founded in 2007, is a micro nonprofit in the Education sector that reported $5K in total revenue in fiscal year 2022. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $11K exceeded revenue, resulting in a 118% operating deficit.

Mission

SVIEC FOUNDATION PROMOTES EDUCATIONAL ACTIVITIES THAT FOSTER ENTREPRENEURSHIP AND PROFESSIONAL DEVELOPMENT IN THE ITALIAN AND ITALIAN-AMERICAN COMMUNITY. IT DEVELOPS PROGRAMS AND ORGANIZES EVENTS THAT FOCUS ON KNOWLEDGE SHARING, MENTORING AND NETWORKING, LEADING TO ECONOMIC DEVELOPMENT AND BETTER OPPORTUNITIES FOR THE TARGET COMMUNITY.

Program Service Accomplishments

Program 1

CONFERENCES AND PANELS ON SUBJECTS OF BROAD INTEREST FOR THE ITALIAN AND ITALIAN-AMERICAN COMMUNITY AROUND INNOVATION, ECONOMIC DEVELOPMENT AND SOCIAL GOOD. EVENTS INCLUDING SUCCESSFUL FOUNDERS...

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CONFERENCES AND PANELS ON SUBJECTS OF BROAD INTEREST FOR THE ITALIAN AND ITALIAN-AMERICAN COMMUNITY AROUND INNOVATION, ECONOMIC DEVELOPMENT AND SOCIAL GOOD. EVENTS INCLUDING SUCCESSFUL FOUNDERS, SENIOR EXECUTIVES, STARTUP & SCALEUP ENTREPRENEURS, PROFESSIONALS, PUBLIC SECTOR REPRESENTATIVES, INVESTORS, AND THOUGHT LEADERS.

Program 2

STUDENT PROGRAMS FACILITATING LEARNING AND INTERACTIONS BETWEEN STUDENTS AND BUSINESS LEADERS.

Program 3

MENTOR PROGRAMS PROMOTING INDIVIDUALIZED EDUCATION BY MATCHING EXPERIENCED MENTORS WITH MATURE AND STARTING ENTREPRENEURS, DEVELOPING PROFESSIONALS AND YOUNGER PROFESSIONALS. IT BUILDS AND EXPANDS AN...

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MENTOR PROGRAMS PROMOTING INDIVIDUALIZED EDUCATION BY MATCHING EXPERIENCED MENTORS WITH MATURE AND STARTING ENTREPRENEURS, DEVELOPING PROFESSIONALS AND YOUNGER PROFESSIONALS. IT BUILDS AND EXPANDS AN ECOSYSTEM OF CONTACTS THAT HELPS GUIDE TOWARDS THE RIGHT PATH TO GREATER ACHIEVEMENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,950
Program Service Revenue $0
Investment Income $0
Other Revenue $3,060
TOTAL REVENUE $5,010

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $5,268
Other Expenses $10,906
TOTAL EXPENSES $10,906

Year-over-Year Comparison

2022 2021 Change
Revenue $5,010 $41,143 -0.9%
Expenses $10,906 $20,784 -0.5%
Net Income $-5,896 $20,359 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCO MARINUCCI PRESIDENT 1.00
Officer Director
$0 $0 $0
MASSIMO ARRIGONI SECRETARY 1.00
Officer Director
$0 $0 $0
GIACOMO MARINI CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
MARCO MARINI TREASURER 1.00
Officer Director
$0 $0 $0
SILVIA VERONESE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $5,010 $10,906 $20,235 $-5,896
2021 $41,143 $20,784 $30,784 $20,359
2020 No data No data $15,078 No data
2019 No data No data $19,343 No data
2018 No data $1,768 $19,343 No data
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