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Clemente Soto Velez Cultural & Education Center Inc

EIN 13-3735337 · New York, NY

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

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceGood88 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

WHILE THE CLEMENTES MISSION IS FOCUSED ON THE CULTIVATION , PRESENTATION, AND PRESERVATION OF PUERTO RICAN AND LATINO CULTURE, IT IS EQUALLY DETERMINED TO OPERATE IN A MULTICULTURAL AND INCLUSIVE MANNER, HOUSING AND PROMOTING ARTISTS AND PERFORMANCE EVENTS THAT FULLY REFLECT THE CULTURAL DIVERSITY OF LOWER EAST SIDE AND THE CITY AS A WHOLE.

Income
$3.8 million
Spending
$1.7 million
Spent on programs
78%
Reserves
15.7 months of spending
Largest source of income
donations and private grants, 78%
Employees
18
Volunteers
2
Highest pay
$133,214, executive di

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 89% of charities in its peer group (arts and culture, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 15.7 months of spending.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 54% of income.

  • Income trend

    15 of 15

    Income rose 146% on the year before.

  • Spending floor

    15 of 15

    78% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 88 out of 100. Higher than 47% of charities in its peer group (arts and culture, $1m to $10m).

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a 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

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited 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 August 31, 2025, 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 (1)
  1. $1.3 million spent. CLEMENTE SOTO VELEZ CULTURAL & EDUCATIONAL CENTER (THE ORGANIZATION, WE, US, OUR) IS A NONPROFIT INCORPORATED IN 1993 UNDER NOT-FOR-PROFIT CORPORATION LAWS OF THE STATE OF NEW YORK FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE OF 1954. THE ORGANIZATION'S MISSION IS FOCUSED ON THE CULTIVATION, PRESENTATION AND PRESERVATION OF PUERTO RICAN/LATINO CULTURE AND IS EQUALLY DETERMINED TO OPERATE IN A MULTI-CULTURAL AND INCLUSIVE MANNER, HOUSING AND PROMOTING ARTISTS AND PERFORMANCE EVENTS THAT FULLY REFLECT THE CULTURAL DIVERSITY OF THE LOWER EAST SIDE OF MANHATTAN, NEW YORK, AND THE CITY OF NEW YORK AS A WHOLE. THE ORGANIZATION PROVIDES SUBSIDIZED ARTIST STUDIOS AND OFFICE SPACE FOR NUMEROUS VISUAL ARTISTS AND NONPROFIT ART ORGANIZATIONS, AN EXTERNAL REVIEW PANEL AND A FULL SCHEDULE OF EXHIBITION AND RELATED ACTIVITIES, AND FOR BUILDING ACTIVITIES, AND FOR BUILDING COMMUNITY THROUGH THE ARTS, WHICH OFFERS SUBSIDIZED PERFORMANCE AND REHEARSAL SPACE TO NON PROFIT ARTS ORGANIZATIONS ACROSS THE CITY. IN ADDITION TO ITS THEATERS, THE ORGANIZATION ALSO PROVIDES SHORT-TERM RENTALS OF THE PARKING LOT AND OTHER AREAS THROUGHOUT THE BUILDING FOR ARTISTIC PURPOSES. CLEMENTE SOTO VELEZ CULTURAL & EDUCATIONAL CENTER (THE ORGANIZATION, WE, US, OUR) IS A NONPROFIT INCORPORATED IN 1993 UNDER NOT-FOR-PROFIT CORPORATION LAWS OF THE STATE OF NEW YORK FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE OF 1954. THE ORGANIZATION'S MISSION IS FOCUSED ON THE CULTIVATION, PRESENTATION AND PRESERVATION OF PUERTO RICAN/LATINO CULTURE AND IS EQUALLY DETERMINED TO OPERATE IN A MULTI-CULTURAL AND INCLUSIVE MANNER, HOUSING AND PROMOTING ARTISTS AND PERFORMANCE EVENTS THAT FULLY REFLECT THE CULTURAL DIVERSITY OF THE LOWER EAST SIDE OF MANHATTAN, NEW YORK, AND THE CITY OF NEW YORK AS A WHOLE. THE ORGANIZATION PROVIDES SUBSIDIZED ARTIST STUDIOS AND OFFICE SPACE FOR NUMEROUS VISUAL ARTISTS AND NONPROFIT ART ORGANIZATIONS, AN EXTERNAL REVIEW PANEL AND A FULL SCHEDULE OF EXHIBITION AND RELATED ACTIVITIES, AND FOR BUILDING ACTIVITIES, AND FOR BUILDING COMMUNITY THROUGH THE ARTS, WHICH OFFERS SUBSIDIZED PERFORMANCE AND REHEARSAL SPACE TO NON PROFIT ARTS ORGANIZATIONS ACROSS THE CITY. IN ADDITION TO ITS THEATERS, THE ORGANIZATION ALSO PROVIDES SHORT-TERM RENTALS OF THE PARKING LOT AND OTHER AREAS THROUGHOUT THE BUILDING FOR ARTISTIC PURPOSES.

Source: Form 990 for the year ending August 31, 2025, 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 September 7, 2026.

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

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 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 September 10, 2026.

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

    Most recent return on file covers the year ending August 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

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

    Recognized by the IRS since August 1998.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 7, 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.