Civic Intelligence

Venezuelan American Endowment for the Arts Inc.

990 • Fiscal year 2017 • EIN 13-3619611

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

25 Broadway 9 FloorNew York, NY 10004

(917) 285-8232

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.34x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • NTEE A • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

33.47x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • NTEE A • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-209%

Higher net margin than 1% of similar nonprofits.

2017 filings • NTEE A • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE A • $1M-$5M nonprofits • Source year 2017

Asset Growth

31st percentile

-1.0%

Faster asset growth than 31% of similar nonprofits.

2017 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Assets

Down

$1,025,987

Down $10,052 (-1.0%) from 2016

Net Assets

Down

$678,365

Down $21,720 (-3.1%) from 2016

Liabilities

Up

$347,622

Up $11,668 (+3.5%) from 2016

Revenue

Up

$10,387

Up $25,602 (+168%) from 2016

Expenses

Down

$32,107

Down $207,020 (-87%) from 2016

Net Income

Up

-$21,720

Up $232,622 (+91%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2008: $1,654Liabilities 2008: $0Net Assets 2008: $1,6542008Assets 2009: $112Liabilities 2009: $0Net Assets 2009: $1122009Assets 2010: $56,386Liabilities 2010: $0Net Assets 2010: $56,3862010Assets 2011: $176,131Liabilities 2011: $0Net Assets 2011: $176,1312011Assets 2012: $714,598Liabilities 2012: $0Net Assets 2012: $714,5982012Assets 2013: $442,095Liabilities 2013: $0Net Assets 2013: $442,0952013Assets 2014: $191,532Liabilities 2014: $0Net Assets 2014: $191,5322014Assets 2015: $1,062,824Liabilities 2015: $108,397Net Assets 2015: $954,4272015Assets 2016: $1,036,039Liabilities 2016: $335,954Net Assets 2016: $700,0852016Assets 2017: $1,025,987Liabilities 2017: $347,622Net Assets 2017: $678,3652017Assets 2018: $890,408Liabilities 2018: $11,591Net Assets 2018: $878,8172018Assets 2019: $876,343Liabilities 2019: $22,841Net Assets 2019: $853,5022019Assets 2020: $1,150,561Liabilities 2020: $211,915Net Assets 2020: $938,6462020Assets 2021: $1,458,949Liabilities 2021: $281,110Net Assets 2021: $1,177,8392021Assets 2022: $1,886,637Liabilities 2022: $342,295Net Assets 2022: $1,544,3422022

Highlighted filing

2017

Assets$1,025,987
Liabilities$347,622
Net Assets$678,365

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2008: $98,855Expenses 2008: $97,929Net Income 2008: $9262008Revenue 2009: $38,175Expenses 2009: $39,387Net Income 2009: -$1,2122009Revenue 2010: $60,901Expenses 2010: $4,627Net Income 2010: $56,2742010Revenue 2011: $448,955Expenses 2011: $329,210Net Income 2011: $119,7452011Expenses 2012: $900,2362012Revenue 2013: $105,085Expenses 2013: $377,588Net Income 2013: -$272,5032013Revenue 2014: $21,482Expenses 2014: $272,045Net Income 2014: -$250,5632014Revenue 2015: $969,857Expenses 2015: $206,962Net Income 2015: $762,8952015Revenue 2016: -$15,215Expenses 2016: $239,127Net Income 2016: -$254,3422016Revenue 2017: $10,387Expenses 2017: $32,107Net Income 2017: -$21,7202017Revenue 2018: $338,626Expenses 2018: $138,174Net Income 2018: $200,4522018Revenue 2019: $87,452Expenses 2019: $112,767Net Income 2019: -$25,3152019Revenue 2020: $256,698Expenses 2020: $171,554Net Income 2020: $85,1442020Revenue 2021: $422,852Expenses 2021: $183,659Net Income 2021: $239,1932021Revenue 2022: $582,585Expenses 2022: $216,082Net Income 2022: $366,5032022

Highlighted filing

2017

Revenue$10,387
Expenses$32,107
Net Income-$21,720
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$10,387
Mission and Program Overview

Mission

The venezuelan american endowment for the arts mission is to promote through the visual and performing arts a deeper and richer understanding by venezualan citizens of u. S. Culture, and by u.s. Citizens of venezualan culture. It is also to support the development and appreciation by u.s. Students and other members of the u.s. General public of visual and perfrorming art by venezualan artists, and by venezualan students and other members of the venezualan general public of visual and performing art by u.s. Artists. It is also to support, including by funding and the conduct of activities including the exhibition, performance,publication,distribution and dissemination of works of , and informatio regarding, venezualan visual and performing art in the u.s. , and u.s. Visual and performing art in venezualan. It is also to support speakers and researchers from each country on matters relating to vaea purposes. It is to provide funding and support to individuals and organizations including

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$1,021,000$1,021,000→ $0
Rtn Earn Endowment Incm Other Fnds$700,085$678,365▼ $21,720
Prepaid Expenses and Deferred Charges$2,746$2,746→ $0
Land, Buildings, and Equipment, Net$2,580$2,056▼ $524
Cash and Non-Interest-Bearing Accounts$9,708$180▼ $9,528
Savings and Temporary Cash Investments$5$5→ $0
Total Assets$1,036,039$1,025,987▼ $10,052
Liabilities
Other Liabilities$332,410$344,076▲ $11,666
Accounts Payable and Accrued Expenses$3,544$3,546▲ $2
Total Liabilities$335,954$347,622▲ $11,668
Net Assets / Fund Balance
Total Net Assets Fund Balance$700,085$678,365▼ $21,720
Total Liabilities and Net Assets / Fund Balance$1,036,039$1,025,987▼ $10,052
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$10,387
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,387
Change in Net Assets
$-21,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,725
Salaries, Compensation, and Employee Benefits$4,382
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$11,737-$11,737
Fees for Services Other-$6,319-$6,319
Insurance-$4,404-$4,404
Other Salaries and Wages-$3,938-$3,938
Other Expenses$1,778--$1,778
Depreciation Depletion$1,692--$1,692
Occupancy-$1,124-$1,124
Payroll Taxes-$444-$444
Office Expenses-$292-$292
Fees for Services Legal-$236-$236
Travel$143--$143
Total Functional Expenses$3,613$28,494$0$32,107
International Activity

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance on Sale of Art$312,000
Loan-president$16,666
Secured Loan$15,410
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Ali cordero casal valeria cordero chairman executive di father

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Venezuelan American Endowment for
EIN
13-3619611
Phone
9172858232
Address
25 BROADWAY 9 FLOOR, NEW YORK, NY 10004

Signing Officer

Name
Ali Cordero Casal
Title
President
Phone
9177036840
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ali Cordero Casal
Formed
1990
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
ABRAMOWITZ & COHEN CPA'S
Address
2340 86TH ST, BROOKLYN, NY 11214
Preparer
Jack Cohen CPA
Phone
7184496600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The venezuelan american endowment for the arts mission is to promote through the visual and performing arts a deeper and richer understanding by venezualan citizens of u. S. Culture, and by u.s. Citizens of venezualan culture. It is also to support the development and appreciation by u.s. Students and other members of the u.s. General public of visual and perfrorming art by venezualan artists, and by venezualan students and other members of the venezualan general public of visual and performing art by u.s. Artists. It is also to support, including by funding and the conduct of activities including the exhibition, performance,publication,distribution and dissemination of works of , and informatio regarding, venezualan visual and performing art in the u.s. , and u.s. Visual and performing art in venezualan. It is also to support speakers and researchers from each country on matters relating to vaea purposes. It is to provide funding and support to individuals and organizations including domestic tax-exempt and foreign charitable organizations and otherwise to support and conduct activities in furtherance of vaea purposes.

Form 990, Page 2, Part III, Line 4D

We promoted through the visual and performing arts a deeper and richer understanding by venezualan citizens of u.s. Culture and by u.s. Citizens of venezualan culture

Form 990, Part IX, Line 11G

Storage 0 3,900 0 payroll fee 0 289 0 web services 0 715 0 local transportation 0 117 0 bank charges 0 850 0 professional services 0 150 0 freight & shipping 0 298 0 total 0 6,319 0

Raw XML Appendix338 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010387
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt028840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0953362
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt016610
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0104007
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01113206
IRS990ScheduleA/TotalSupportAmt01239785
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0312000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116666
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt215410
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE ON SALE OF ART
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN-PRESIDENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURED LOAN
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IRS990ScheduleD/TotalLiabilityAmt0344076
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0OUR MISSION INCLUDES THE PROMOTION OF NORTH AMERICAN CULTURE IN VENEZUELA. FOR THAT REASON WE HAVE ACTIVITY IN VENEZUELA THAT INCLUDES GRANTS AND PROGRAMS FOR THE PROMOTION OF ART. TO MONITOR THE USE OF GRANTS, WE WORK CLOSELY WITH THE ORGANIZATIONS IN VENEZUELA DURING THE LENGTH OF THE GRANT PERIOD. THIS INCLUDES MONTHLY TELEPHONE CALLS TO MONITOR THE STATUS AND A YEARLY REPORT.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 5, PART V
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IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE VENEZUELAN AMERICAN ENDOWMENT FOR THE ARTS MISSION IS TO PROMOTE THROUGH THE VISUAL AND PERFORMING ARTS A DEEPER AND RICHER UNDERSTANDING BY VENEZUALAN CITIZENS OF U. S. CULTURE, AND BY U.S. CITIZENS OF VENEZUALAN CULTURE. IT IS ALSO TO SUPPORT THE DEVELOPMENT AND APPRECIATION BY U.S. STUDENTS AND OTHER MEMBERS OF THE U.S. GENERAL PUBLIC OF VISUAL AND PERFRORMING ART BY VENEZUALAN ARTISTS, AND BY VENEZUALAN STUDENTS AND OTHER MEMBERS OF THE VENEZUALAN GENERAL PUBLIC OF VISUAL AND PERFORMING ART BY U.S. ARTISTS. IT IS ALSO TO SUPPORT, INCLUDING BY FUNDING AND THE CONDUCT OF ACTIVITIES INCLUDING THE EXHIBITION, PERFORMANCE,PUBLICATION,DISTRIBUTION AND DISSEMINATION OF WORKS OF , AND INFORMATIO REGARDING, VENEZUALAN VISUAL AND PERFORMING ART IN THE U.S. , AND U.S. VISUAL AND PERFORMING ART IN VENEZUALAN. IT IS ALSO TO SUPPORT SPEAKERS AND RESEARCHERS FROM EACH COUNTRY ON MATTERS RELATING TO VAEA PURPOSES. IT IS TO PROVIDE FUNDING AND SUPPORT TO INDIVIDUALS AND ORGANIZATIONS INCLUDING DOMESTIC TAX-EXEMPT AND FOREIGN CHARITABLE ORGANIZATIONS AND OTHERWISE TO SUPPORT AND CONDUCT ACTIVITIES IN FURTHERANCE OF VAEA PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE PROMOTED THROUGH THE VISUAL AND PERFORMING ARTS A DEEPER AND RICHER UNDERSTANDING BY VENEZUALAN CITIZENS OF U.S. CULTURE AND BY U.S. CITIZENS OF VENEZUALAN CULTURE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALI CORDERO CASAL VALERIA CORDERO CHAIRMAN EXECUTIVE DI FATHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5STORAGE 0 3,900 0 PAYROLL FEE 0 289 0 WEB SERVICES 0 715 0 LOCAL TRANSPORTATION 0 117 0 BANK CHARGES 0 850 0 PROFESSIONAL SERVICES 0 150 0 FREIGHT & SHIPPING 0 298 0 TOTAL 0 6,319 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03613
IRS990/TotalFunctionalExpensesGrp/TotalAmt032107
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0335954
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IRS990/TotalLiabilitiesGrp/BOYAmt0335954
IRS990/TotalLiabilitiesGrp/EOYAmt0347622
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0700085
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0678365
IRS990/TotalOtherProgSrvcExpenseAmt03613
IRS990/TotalProgramServiceExpensesAmt03613
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01025987
IRS990/TravelGrp/ProgramServicesAmt0143
IRS990/TravelGrp/TotalAmt0143
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010004
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.VAEARTS.ORG
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IRS990/WrittenPolicyOrProcedureInd0true
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALI CORDERO CASAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09177036840
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VENEZUELAN AMERICAN ENDOWMENT FOR
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0THE ARTS INC
ReturnHeader/Filer/BusinessNameControlTxt0VENE
ReturnHeader/Filer/EIN0133619611
ReturnHeader/Filer/PhoneNum09172858232
ReturnHeader/Filer/USAddress/AddressLine1Txt025 BROADWAY 9 FLOOR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FBC4981CEA56D7D4C7D4B1E0C6F33A5643D9C601
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.251.26.18
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:59:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113015240
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ABRAMOWITZ & COHEN CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02340 86TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOKLYN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011214
ReturnHeader/PreparerPersonGrp/PhoneNum07184496600
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACK COHEN CPA
ReturnHeader/ReturnTs02018-11-14T16:59:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.89$0.34$1.54$0.58$0.22$0.37
2021Detailed filing. Detailed filing data is available for this year.$1.46$0.28$1.18$0.42$0.18$0.24
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.21$0.94$0.26$0.17$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.02$0.85$0.09$0.11$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.88$0.34$0.14$0.20
2017Detailed filing. Detailed filing data is available for this year.$1.03$0.35$0.68$0.01$0.03$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.04$0.34$0.70$0.02$0.24$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.06$0.11$0.95$0.97$0.21$0.76
2014Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.02$0.27$0.25
2013Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.11$0.38$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.00$0.71$0.90
2011Summary only. Only limited summary data is available for this year.$0.18$0.00$0.18$0.45$0.33$0.12
2010Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.06$0.00$0.06
2009Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.04$0.04$0.00
2008Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.10$0.10$0.00