VENETIAN HERITAGE INC

EIN: 522143244 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$2,150,317
Total Expenses
$344,592
Total Assets
$3,177,058
Net Assets
$3,069,085
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
CARLO BAREL D'SANT ALBANO
Phone
2124210062
Tax Period
2023-01-01 to 2023-12-31

VENETIAN HERITAGE INC, founded in 1999, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 150% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 84% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $249,017

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...

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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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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,129,364
Program Service Revenue $0
Investment Income $20,953
Other Revenue $0
TOTAL REVENUE $2,150,317

Expense Breakdown

Grants Paid $179,869
Salaries & Benefits $40,953
Fundraising Expenses $41,047
Program Expenses $249,017
Other Expenses $123,770
TOTAL EXPENSES $344,592

Year-over-Year Comparison

2023 2022 Change
Revenue $2,150,317 $861,819 +1.5%
Expenses $344,592 $570,196 -0.4%
Net Income $1,805,725 $291,623 +5.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
1
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
6
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER MARINO CHAIRMAN/PRESIDENT 1.00
Officer Director
$0 $0 $0
PRISCILLA MILLER VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
RODMAN PRIMACK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
THOMAS QUICK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CARLO BAREL D'SANT ALBANO TREASURER 1.00
Officer Director
$0 $0 $0
CAROLINE LEVY-MAZELLA DI BOSCO SECRETARY 1.00
Officer Director
$0 $0 $0
BENIGNO AGUILAR MANAGING DIRECTOR 1.00
Director
$0 $0 $0
EDUARDO BRANIFF MANAGING DIRECTOR 1.00
Director
$0 $0 $0
STACEY BRONFMAN MANAGING DIRECTOR 1.00
Director
$0 $0 $0
KEITH CHRISTIANSEN MANAGING DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL CIOFFI MANAGING DIRECTOR 1.00
Director
$0 $0 $0
PAULA CUSSI MANAGING DIRECTOR 1.00
Director
$0 $0 $0
HSH PRINCE PIERRE D'ARENBERG MANAGING DIRECTOR 1.00
Director
$0 $0 $0
SUZAN SABANCI DINCER MANAGING DIRECTOR 1.00
Director
$0 $0 $0
LISA GIULIANI MANAGING DIRECTOR 1.00
Director
$0 $0 $0
JULIA KOCH MANAGING DIRECTOR 1.00
Director
$0 $0 $0
SYDNEY PICASSO MANAGING DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE HEARST SCHWARZMAN MANAGING DIRECTOR 1.00
Director
$0 $0 $0
TREVOR D TRAINA MANAGING DIRECTOR 1.00
Director
$0 $0 $0
MARCO VOENA MANAGING DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $2,150,317 $344,592 $3,177,058 $1,805,725
2022 $861,819 $570,196 $1,204,293 $291,623
2021 $610,027 $481,693 $961,644 $128,334
2020 $584,505 $853,312 $831,777 $-268,807
2019 $636,018 $1,060,069 $1,085,616 $-424,051
2018 $266,489 $375,250 $1,500,416 $-108,761
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