Civic Intelligence

The Rafael Soriano Foundation Inc

EIN 27-3519845 • 501(c)3 • Miami Beach, FL

Profile

It is the mission, duty and purpose of the rafael soriano foundation, inc. ("foundation") to preserve and encourage an understanding and appreciation of rafael soriano's ("mr. Soriano") artwork as he is one of the leading latin american artists of his generation. The foundation works to promote exhibitions and scholarships in the hopes of bringing mr. Soriano's life's passion to those both here and abroad.

11 Island Avenue Apt 1602Miami Beach, FL 33139

www.rafaelsorianofoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.00x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

35th percentile

-5.6%

Higher net margin than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

51st percentile

-1.4%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-35%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$335,278

Down $4,610 (-1.4%) from 2023

Liabilities

Down

$200

Down $58 (-22%) from 2023

Net Assets

Down

$335,078

Down $4,552 (-1.3%) from 2023

Revenue

Down

$81,049

Down $44,576 (-35%) from 2023

Expenses

Down

$85,601

Down $33,712 (-28%) from 2023

Net Income

Down

-$4,552

Down $10,864 (-172%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2017: $325,007Liabilities 2017: $689Net Assets 2017: $324,3182017Assets 2018: $325,602Liabilities 2018: $5,689Net Assets 2018: $319,9132018Assets 2019: $364,079Liabilities 2019: $1,268Net Assets 2019: $362,8112019Assets 2020: $338,934Liabilities 2020: $800Net Assets 2020: $338,1342020Assets 2021: $327,047Liabilities 2021: $207Net Assets 2021: $326,8402021Assets 2022: $333,660Liabilities 2022: $342Net Assets 2022: $333,3182022Assets 2023: $339,888Liabilities 2023: $258Net Assets 2023: $339,6302023Assets 2024: $335,278Liabilities 2024: $200Net Assets 2024: $335,0782024

Highlighted filing

2024

Assets$335,278
Liabilities$200
Net Assets$335,078

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2017: $391,318Expenses 2017: $70,620Net Income 2017: $320,6982017Revenue 2018: $48,168Expenses 2018: $52,573Net Income 2018: -$4,4052018Revenue 2019: $97,458Expenses 2019: $54,560Net Income 2019: $42,8982019Revenue 2020: $9,643Expenses 2020: $34,320Net Income 2020: -$24,6772020Revenue 2021: $36,321Expenses 2021: $47,615Net Income 2021: -$11,2942021Revenue 2022: $55,753Expenses 2022: $49,275Net Income 2022: $6,4782022Revenue 2023: $125,625Expenses 2023: $119,313Net Income 2023: $6,3122023Revenue 2024: $81,049Expenses 2024: $85,601Net Income 2024: -$4,5522024

Highlighted filing

2024

Revenue$81,049
Expenses$85,601
Net Income-$4,552

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 25, 2025
Return Version
2023v6.0
Gross Receipts
$125,625
Mission and Program Overview

Mission

It is the mission, duty and purpose of the rafael soriano foundation, inc. ("foundation") to preserve and encourage an understanding and appreciation of rafael soriano's ("mr. Soriano") artwork as he is one of the leading latin american artists of his generation. The foundation works to promote exhibitions and scholarships in the hopes of bringing mr. Soriano's life's passion to those both here and abroad.

Program Services

DescriptionGrantsExpenses
TO EDUCATE PEOPLE AND FOSTER A LOVE OF THE ART OF RAFAEL SORIANO BY DISPLAYING RAFAEL SORIANO'S ART AT VARIOUS VENUES. A DOCUMENTARY, INTO THE LIGHT (HACIA LA LUZ) HAS ALSO BEEN CREATED WHICH HIGHLIGHTS THE LIFE AND INFLUENCES OF RAFAEL SORIANO, NOT ONLY AS AN ARTIST BUT ALSO AS A PERSON. THIS DOCUMENTARY IS CURRENTLY PLAYING AT VARIOUS VENUES FOR THOUSANDS OF VIEWERS.-$10,446
TO EDUCATE PEOPLE AND FOSTER A LOVE OF THE ART OF RAFAEL SORIANO BY DISPLAYING RAFAEL SORIANO'S ART AT VARIOUS VENUES. A DOCUMENTARY, INTO THE LIGHT (HACIA LA LUZ) HAS ALSO BEEN CREATED WHICH HIGHLIGHTS THE LIFE AND INFLUENCES OF RAFAEL SORIANO, NOT ONLY AS AN ARTIST BUT ALSO AS A PERSON. THIS DOCUMENTARY IS CURRENTLY PLAYING AT VARIOUS VENUES FOR THOUSANDS OF VIEWERS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HORTENSIA SORIANOPresident-$0--
LISA FAQUINVice Preside-$0--
LARRY FELDMANBoard Member-$0--
LOURDES VALIDOBoard Member-$0--
ALEJANDRO ANREUSBoard Member-$0--
ELIZABETH THOMPSON GOIZUETABoard Member-$0--
ABIGAIL MCEWENBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
The Rafael Soriano Foundation Inc
EIN
27-3519845
Phone
3056151458
Address
11 ISLAND AVENUE APT 1602, MIAMI BEACH, FL 33139

Signing Officer

Name
Hortensia Soriano
Title
President
Phone
3056151458
Signed
2025-04-25
Discuss with paid preparer
Yes

Preparer

Firm
Syed Manrara & Associates LLC
Address
300 SEVILLA AVE STE 205, CORAL GABLES, FL 33134
Preparer
Talha G Syed CPA
Phone
3056151458
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 116 office supplies 465 other 45 art restoration 1,245 bank service charges 411 books and subscriptions 6,869 business registration fee 61 computer & internet 560 courier 520 meals and entertainment 2,077 postage 237 printing & copying 904 storage 45,033 website 2,464 other cost 44,356 rent 12,000 total 117,363

Form 990-ez, Part II, Line 24

3,102 3,102 less accumulated depreciation 3,102 3,102 artwork 318,300 318,300 total 318,300 318,300

Form 990-ez, Part II, Line 26

Credit card payable 342 258

Form 990-ez, Part III

It is the mission, duty and purpose of the rafael soriano foundation, inc. ("foundation") to preserve and encourage an understanding and appreciation of rafael soriano's ("mr. Soriano") artwork as he is one of the leading latin american artists of his generation. The foundation works to promote exhibitions and scholarships in the hopes of bringing mr. Soriano's life's passion to those both here and abroad.

Form 990-ez, Part III, Line 28

To educate people and foster a love of the art of rafael soriano by displaying rafael soriano's art at various venues. A documentary, into the light (hacia la luz) has also been created which highlights the life and influences of rafael soriano, not only as an artist but also as a person. This documentary is currently playing at various venues for thousands of viewers.

Form 990-ez, Part III, Line 31

To educate people and foster a love of the art of rafael soriano by displaying rafael soriano's art at various venues. A documentary, into the light (hacia la luz) has also been created which highlights the life and influences of rafael soriano, not only as an artist but also as a person. This documentary is currently playing at various venues for thousands of viewers.

Raw XML Appendix159 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 116 OFFICE SUPPLIES 465 OTHER 45 ART RESTORATION 1,245 BANK SERVICE CHARGES 411 BOOKS AND SUBSCRIPTIONS 6,869 BUSINESS REGISTRATION FEE 61 COMPUTER & INTERNET 560 COURIER 520 MEALS AND ENTERTAINMENT 2,077 POSTAGE 237 PRINTING & COPYING 904 STORAGE 45,033 WEBSITE 2,464 OTHER COST 44,356 RENT 12,000 TOTAL 117,363
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13,102 3,102 LESS ACCUMULATED DEPRECIATION 3,102 3,102 ARTWORK 318,300 318,300 TOTAL 318,300 318,300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CREDIT CARD PAYABLE 342 258
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT IS THE MISSION, DUTY AND PURPOSE OF THE RAFAEL SORIANO FOUNDATION, INC. ("FOUNDATION") TO PRESERVE AND ENCOURAGE AN UNDERSTANDING AND APPRECIATION OF RAFAEL SORIANO'S ("MR. SORIANO") ARTWORK AS HE IS ONE OF THE LEADING LATIN AMERICAN ARTISTS OF HIS GENERATION. THE FOUNDATION WORKS TO PROMOTE EXHIBITIONS AND SCHOLARSHIPS IN THE HOPES OF BRINGING MR. SORIANO'S LIFE'S PASSION TO THOSE BOTH HERE AND ABROAD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO EDUCATE PEOPLE AND FOSTER A LOVE OF THE ART OF RAFAEL SORIANO BY DISPLAYING RAFAEL SORIANO'S ART AT VARIOUS VENUES. A DOCUMENTARY, INTO THE LIGHT (HACIA LA LUZ) HAS ALSO BEEN CREATED WHICH HIGHLIGHTS THE LIFE AND INFLUENCES OF RAFAEL SORIANO, NOT ONLY AS AN ARTIST BUT ALSO AS A PERSON. THIS DOCUMENTARY IS CURRENTLY PLAYING AT VARIOUS VENUES FOR THOUSANDS OF VIEWERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TO EDUCATE PEOPLE AND FOSTER A LOVE OF THE ART OF RAFAEL SORIANO BY DISPLAYING RAFAEL SORIANO'S ART AT VARIOUS VENUES. A DOCUMENTARY, INTO THE LIGHT (HACIA LA LUZ) HAS ALSO BEEN CREATED WHICH HIGHLIGHTS THE LIFE AND INFLUENCES OF RAFAEL SORIANO, NOT ONLY AS AN ARTIST BUT ALSO AS A PERSON. THIS DOCUMENTARY IS CURRENTLY PLAYING AT VARIOUS VENUES FOR THOUSANDS OF VIEWERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
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ReturnHeader/ReturnTs02025-04-30T19:51:25-04:00
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ReturnHeader/TaxPeriodEndDt02023-12-31
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