Overview
What is Venezuelan American Endowment For The Arts Inc?
The Venezuelan American Endowment for the Arts Inc, situated in New Rochelle, New York, is a nonprofit organization committed to fostering mutual understanding between Venezuelan and American cultures through the visual and performing arts. By sponsoring activities such as exhibitions, performances, and publications, they aim to showcase both Venezuelan and American artistic works, thereby promoting cultural exchange. The organization also supports researchers and speakers from both nations, while providing funding and assistance to individuals and organizations involved in the arts. Their mission is to encourage the appreciation of one culture's art by the citizens of the other and vice versa, ultimately aiming to bridge the cultural gap.
Official website here: www.vaearts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 29%, Zero-Star out of Four Star rating.
The Venezuelan American Endowment For The Arts Inc has received a low score of 29%, which corresponds to a Zero-Star rating. This rating primarily reflects issues related to accountability and finance. While the organization boasts a fully independent board, its lack of financial transparency is a significant drawback, as evidenced by the absence of financial statements and a poor program expense ratio.
Positive aspects include a strong governance structure with 100% independent board members and no material diversion of assets. However, several critical policies are missing, including a conflict of interest policy and a whistleblower policy, which raises concerns about the organization's operational integrity. Furthermore, important documents such as the organization's tax form are not posted on its website, further detracting from its accountability.
Overall, while the Venezuelan American Endowment For The Arts Inc has strengths in board independence, the severe shortcomings in financial reporting and operational policies hinder its effectiveness and transparency. Donors and stakeholders may want to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Venezuelan American Endowment For The Arts Inc legitimate?
Venezuelan American Endowment For The Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venezuelan American Endowment For The Arts Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,879
For more financial information, click here
Official website here: www.vaearts.org
What is the mission statement of Venezuelan American Endowment For The Arts Inc?
The Venezuelan American Endowment for the Arts' mission is to foster a deeper understanding of American culture among Venezuelan citizens and vice versa, through the promotion of visual and performing arts. They aim to support the development and appreciation of these art forms by both American and Venezuelan artists and audiences. The endowment also encourages the exhibition, performance, publication, and dissemination of works related to Venezuelan and American visual and performing arts. Furthermore, they provide funding and support to individuals and organizations involved in these arts, as well as hosting speakers and researchers to discuss related matters.
Official website here: www.vaearts.org
Who is the CEO of Venezuelan American Endowment For The Arts Inc?
Ali Cordero Casal is the President of Venezuelan American Endowment For The Arts Inc.
Official website here: www.vaearts.org
What is the revenue of Venezuelan American Endowment For The Arts Inc?
Venezuelan American Endowment For The Arts Inc's revenue in 2022 was $582,585.
Official website here: www.vaearts.org
Who are the executives of Venezuelan American Endowment For The Arts Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.vaearts.org
Where can I find the form 990 for Venezuelan American Endowment For The Arts Inc?
Venezuelan American Endowment For The Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vaearts.org
Learn more at the official website: www.vaearts.org
Mission Statement of Venezuelan American Endowment For The Arts Inc
The Venezuelan American Endowment for the Arts, or VAEA, aims to foster a deeper and richer understanding of both American and Venezuelan cultures through the visual and performing arts. The organization works towards this goal by supporting the development and appreciation of artistic works by artists from both nations. VAEA endeavors to promote U.S. visual and performing art among Venezuelan audiences and vice versa, and it also facilitates the exhibition, performance, publication, distribution, and dissemination of artworks and information related to both countries' artistic scenes. Furthermore, VAEA supports speakers and researchers from both nations to discuss matters relevant to its mission. VAEA provides funding and support to individuals and organizations to enable them to carry out activities related to its objectives.
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Impact
July, 2024
The Venezuelan American Endowment for the Arts Inc plays a vital role in fostering a deeper understanding and appreciation of Venezuelan and American culture through the visual and performing arts. By supporting artists, students, and organizations from both Venezuela and the United States, VAEA helps promote cross-cultural dialogue and artistic exchange. Through activities such as exhibitions, performances, publications, and funding initiatives, VAEA contributes to the enrichment of both Venezuelan and American artistic landscapes. Their efforts have led to significant accomplishments in promoting cultural exchange and mutual appreciation between the two nations.
This information is meant to be a general summary of Venezuelan American Endowment For The Arts Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $77,115
- Gross Receipts: $582,585
Assets and Liabilities:
- Total Assets: $1,886,637
- Total Liabilities: $342,295
- Net Assets: $1,544,342
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDRAISING GALA
Revenue
$77,115
Organization Details
Founding Year
1990
Phone
(914) 235-3000Principal Officer
Ali Cordero Casal
Main Address
595 MAIN STREET FLOOR 2, NEW ROCHELLE, NY, 10801
Website
www.vaearts.orgNTEE Category
Code: A20 - Arts
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