Civic Intelligence

Venetian Heritage Inc

EIN 52-2143244 • 501(c)3 • New York, NY

Profile

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.

PO Box 1358New York, NY 10150

www.venetianheritage.org

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

32nd percentile

0.02x

Higher debt load relative to revenue than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

10th percentile

-33%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

8th percentile

-22%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$2,493,356

Down $683,702 (-22%) from 2023

Liabilities

Down

$24,373

Down $83,600 (-77%) from 2023

Net Assets

Down

$2,468,983

Down $600,102 (-20%) from 2023

Operations
Liabilities / Revenue32nd percentileNet Margin10th percentile

Revenue

Down

$1,448,327

Down $701,990 (-33%) from 2023

Expenses

Up

$1,929,904

Up $1,585,312 (+460%) from 2023

Net Income

Down

-$481,577

Down $2,287,302 (-127%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $379,220Liabilities 2011: $2,133Net Assets 2011: $377,0872011Assets 2012: $214,054Liabilities 2012: $271Net Assets 2012: $213,7832012Assets 2013: $199,971Liabilities 2013: $282Net Assets 2013: $199,6892013Assets 2014: $332,126Liabilities 2014: $469Net Assets 2014: $331,6572014Assets 2015: $553,586Liabilities 2015: $3,140Net Assets 2015: $550,4462015Assets 2016: $958,035Liabilities 2016: $18,936Net Assets 2016: $939,0992016Assets 2017: $1,597,362Liabilities 2017: $369Net Assets 2017: $1,596,9932017Assets 2018: $1,500,416Liabilities 2018: $16,184Net Assets 2018: $1,484,2322018Assets 2019: $1,085,616Liabilities 2019: $11,337Net Assets 2019: $1,074,2792019Assets 2020: $831,777Liabilities 2020: $13,913Net Assets 2020: $817,8642020Assets 2021: $961,644Liabilities 2021: $14Net Assets 2021: $961,6302021Assets 2022: $1,204,293Liabilities 2022: $0Net Assets 2022: $1,204,2932022Assets 2023: $3,177,058Liabilities 2023: $107,973Net Assets 2023: $3,069,0852023Assets 2024: $2,493,356Liabilities 2024: $24,373Net Assets 2024: $2,468,9832024

Highlighted filing

2024

Assets$2,493,356
Liabilities$24,373
Net Assets$2,468,983
Open 2024 Filing

Operations Trend

Revenue Growth9th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $334,430Expenses 2011: $386,996Net Income 2011: -$52,5662011Revenue 2012: $352,603Expenses 2012: $515,907Net Income 2012: -$163,3042012Revenue 2013: $339,576Expenses 2013: $352,109Net Income 2013: -$12,5332013Revenue 2014: $397,469Expenses 2014: $265,501Net Income 2014: $131,9682014Revenue 2015: $373,691Expenses 2015: $154,902Net Income 2015: $218,7892015Revenue 2016: $939,011Expenses 2016: $550,358Net Income 2016: $388,6532016Revenue 2017: $1,202,111Expenses 2017: $517,337Net Income 2017: $684,7742017Revenue 2018: $266,489Expenses 2018: $375,250Net Income 2018: -$108,7612018Revenue 2019: $636,018Expenses 2019: $1,060,069Net Income 2019: -$424,0512019Revenue 2020: $584,505Expenses 2020: $853,312Net Income 2020: -$268,8072020Revenue 2021: $610,027Expenses 2021: $481,693Net Income 2021: $128,3342021Revenue 2022: $861,819Expenses 2022: $570,196Net Income 2022: $291,6232022Revenue 2023: $2,150,317Expenses 2023: $344,592Net Income 2023: $1,805,7252023Revenue 2024: $1,448,327Expenses 2024: $1,929,904Net Income 2024: -$481,5772024

Highlighted filing

2024

Revenue$1,448,327
Expenses$1,929,904
Net Income-$481,577
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,493,356
Liabilities
$24,373
Net assets
$2,468,983
Revenue
$1,448,327
Expenses
$1,929,904
Net income
-$481,577
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.02$2.47$1.45$1.93$0.48
2023Summary only. Only limited summary data is available for this year.$3.18$0.11$3.07$2.15$0.34$1.81
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.00$1.20$0.86$0.57$0.29
2021Summary only. Only limited summary data is available for this year.$0.96$0.00$0.96$0.61$0.48$0.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.01$0.82$0.58$0.85$0.27
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.01$1.07$0.64$1.06$0.42
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.02$1.48$0.27$0.38$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$0.00$1.60$1.20$0.52$0.68
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.02$0.94$0.94$0.55$0.39
2015Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$0.37$0.15$0.22
2014Summary only. Only limited summary data is available for this year.$0.33$0.00$0.33$0.40$0.27$0.13
2013Summary only. Only limited summary data is available for this year.$0.20$0.00$0.20$0.34$0.35$0.01
2012Summary only. Only limited summary data is available for this year.$0.21$0.00$0.21$0.35$0.52$0.16
2011Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$0.33$0.39$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$1,592,693
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,718,254$1,740,698▼ $977,556
Cash and Non-Interest-Bearing Accounts$286,126$719,048▲ $432,922
Investments in Publicly Traded Securities$146,556--
Accounts Receivable$19,500--
Prepaid Expenses and Deferred Charges$6,318$7,332▲ $1,014
Land, Buildings, and Equipment, Net$304$45▼ $259
Total Assets$3,177,058$2,493,356▼ $683,702
Other Assets Total$0$26,233▲ $26,233
Liabilities
Grants Payable$99,849--
Accounts Payable and Accrued Expenses$8,124$24,373▲ $16,249
Total Liabilities$107,973$24,373▼ $83,600
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,902,469$2,408,983▲ $506,514
Net Assets With Donor Restrictions$1,166,616$60,000▼ $1,106,616
Total Net Assets Fund Balance$3,069,085$2,468,983▼ $600,102
Total Liabilities and Net Assets / Fund Balance$3,177,058$2,493,356▼ $683,702

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45$1,252$1,297
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Peter MarinoChairman/president
Priscilla MillerVice Chairman
Benigno AguilarVice President
Thomas QuickVice President
Abeer Ben- HalimManaging Director
Christine Hearst SchwarzmanManaging Director
HSH PRINCE PIERRE D'ARENBERGManaging Director
Julia KochManaging Director
Keith ChristiansenManaging Director
Lisa GiulianiManaging Director
Marco VoenaManaging Director
Michael CioffiManaging Director
Paula CussiManaging Director
Rodman PrimackManaging Director
Stacey BronfmanManaging Director
Suzan Sabanci DincerManaging Director
Sydney PicassoManaging Director
Trevor D TrainaManaging Director
Caroline Levy-mazella Di BoscoSecretary
CARLO BAREL D'SANT ALBANOTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,219,108
Program Service Revenue
$0
Investment Income
$229,219
Other Revenue
$0
All Other Contributions
$350,251
Change in Net Assets
$-481,577

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,448,327
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-118,525
Total Revenue per Audited Statements
$1,329,802
Total Revenue per Form 990
$1,448,327
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,674,090
Other Expenses$190,944
Salaries, Compensation, and Employee Benefits$64,870
Total Fundraising Expense$57,572
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,674,090--$1,674,090
Fees for Services Other$63,375-$34,125$97,500
Other Salaries and Wages$11,988$44,956$2,997$59,941
Fees for Services Accounting-$16,545-$16,545
Office Expenses$7,461$890-$8,351
Payroll Taxes$894$3,351$224$4,469
Other Expenses$12,290$3,738$20,203$3,738
Fees for Services Legal-$688-$688
Other Employee Benefits$92$345$23$460
Insurance-$454-$454
Depreciation Depletion-$259-$259
Travel-$135-$135
Total Functional Expenses$1,770,190$102,142$57,572$1,929,904

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,929,904
Total Expenses per Audited Statements$1,929,904
Total Expenses per Form 990$1,929,904
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$1,674,090

International Compliance

Foreign grant records maintained
Yes
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

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeGrants to Recipients, Program ServicesVenetian Heritage Funded Restoration and Preservation Projects in Venice Along With Exhibitions Through Its Funding to Venetian Heritage Onlus.00$1,674,090
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$62,109
Fundraising Gross Income$62,109
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert & Dinner$930,966$62,109$44,467$17,642
Total Events$930,966$62,109$62,109$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Before filing the return, it is reviewed by the president, chairman, vice chairman and the treasurer. The form 990 is available for other directors' review as requested.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy covers directors, officers, key employees, committee members, spouses or domestic partners of any of the listed people, and former officers, directors or key employees who served in such a capacity within the five previous years. A covered person is required to disclose any actual or possible conflict of interest to the board of directors (or committee designee), the existence and nature of his or her financial interest or any disclosable relationship. The board (or committee designee) shall determine if a conflict of interest exists; if the board (or committee designee) determines that a covered person has a financial interest, then it will be investigated and determined by a majority vote of the disinterested board members whether the transaction or arrangement is in the organization's best interests. Covered persons are required to review and certify compliance with the conflict of interest policy on an annual basis.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Venetian Heritage Inc
EIN
52-2143244
Phone
2124210062
Address
PO BOX 1358, NEW YORK, NY 10150

Signing Officer

Name
CARLO BAREL D'SANT ALBANO
Title
Treasurer
Phone
2124210062
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
CARLO BAREL D'SANT ALBANO
Formed
1999
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
20
Employees
1
Volunteers
0

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Jessica Digiamo Diaz
Phone
2126972299
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Foreign exchange translation loss -54,226.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Foreign exchange translation loss -54,226.”

Raw XML AppendixShowing 400 of 545 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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IRS990/ActivityOrMissionDesc0THE 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.
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IRS990/Desc0FILIPPO PARODI, BUST OF CHRIST (ECCE HOMO) DOGE'S PALACE, VENICE:VENETIAN HERITAGE COMPLETED THE RESTORATION OF FILIPPO PARODI'S 17TH-CENTURY BUST OF CHRIST, CULMINATING IN A SCHOLARLY PUBLICATION AND AN EXHIBITION AT THE DOGE'S PALACE. THE PROJECT RESTORED THE MARBLE'S ORIGINAL LUMINOSITY AND CONTRIBUTED NEW ART-HISTORICAL RESEARCH ON PARODI'S VENETIAN PERIOD.GIOVANNI BELLINI, MADONNA IN GLORIA WITH EIGHT SAINTS CHURCH OF SAN PIETRO MARTIRE, MURANO:THE RESTORATION OF BELLINI'S MONUMENTAL ALTARPIECE, EXECUTED BETWEEN 15101515, CONTINUED IN COLLABORATION WITH THE OPIFICIO DELLE PIETRE DURE IN FLORENCE. THE PROJECT INVOLVES EXTENSIVE STRUCTURAL STABILIZATION AND CLEANING, AND IS EXPECTED TO RETURN THE MASTERPIECE TO PUBLIC VIEW IN 2026.GIOVANNI BELLINI, SAN GIOBBE ALTARPIECE GALLERIE DELL'ACCADEMIA, VENICE:WORK PROGRESSED ON THE CONSERVATION OF BELLINI'S CELEBRATED SAN GIOBBE ALTARPIECE (CA. 1487), FOCUSING ON SURFACE CLEANING AND THE CONSOLIDATION OF THE WOODEN SUPPORT. THIS RESTORATION WILL ENSURE THE PRESERVATION OF ONE OF VENICE'S MOST ICONIC RENAISSANCE PAINTINGS.JACOPO SANSOVINO, MADONNA COL BAMBINO E DUE PUTTI IPAV, VENICE:VENETIAN HERITAGE BEGAN CONSERVATION OF SANSOVINO'S 1532 PAPIER-MCH SCULPTURE, REVEALING ITS REFINED MODELING AND REINSTATING ITS DEVOTIONAL AND ARTISTIC SIGNIFICANCE WITHIN THE IPAV COLLECTION.GALLERIA GIORGIO FRANCHETTI ALLA CA' DORO VENICE:THE FOUNDATION'S MAJOR ONGOING PROJECT AT THE CA' DORO ADVANCED SUBSTANTIALLY IN 2024. THIS COMPREHENSIVE RESTORATION AND REINSTALLATION WILL REVITALIZE THE HISTORIC GALLERIES AND ENHANCE THE VISITOR EXPERIENCE THROUGH IMPROVED EXHIBITION DESIGN AND ACCESSIBILITY.
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