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Venezuelan American Endowment for the Arts Inc

EIN 13-3619611 · New Rochelle, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood74 out of 100GovernanceWeak48 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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

Income
$347,176
Spending
$56,660
Spent on programs
61%
Reserves
Over 10 years of spending
Largest source of income
donations and private grants, 100%
Employees
0

Source: Form 990 for the year ending December 31, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 74 out of 100. Higher than 47% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    16 of 20

    It owes 19% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 84% of income.

  • Income trend

    0 of 15

    Income fell 40% on the year before.

  • Spending floor

    8 of 15

    61% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 48 out of 100. Higher than 14% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    6 of 6 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. ACCOMPLISHMENTS INCLUDE PROMOTING THROUGH THE VISUAL AND PERFORMING ARTS A DEEPER AND RICHER UNDERSTANDING BY VENEZUELAN CITIZENS OF U.S. CULTURE AND BY U.S. CITIZENS OF VENEZUELAN CULTURE.
  2. $34,567 spent. 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
  3. 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

Source: Form 990 for the year ending December 31, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2010 for not filing returns for three years, and reinstated on January 15, 2012.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2012.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.