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Venice Heritage Foundation FY2024 filing

Tax-deductible

Venice, CA501(c)(3)Since 2007Arts & Culture EIN 39-2063873Revenue $244K in FY2024

On file with the IRSveniceheritagemuseum.orgPo Box 733, 90294-0733 · Venice, CATax-exempt since Mar 2008Publicly supported — 509(a)(2)

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The Venice Heritage Foundation is dedicated to preserving, showcasing, and nurturing venice's diverse cultural Heritage and history.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $106K a year · 63% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$244K
+64% vs prior year
Spent
$336K
To programs
65%
Net assets
$144K
By yearFY2021–FY2025
Revenue
$244K
FY2024▲ +64%
Tap a bar for its year
Revenue by fiscal year
FY2021$51K
FY2022$78K
FY2023$149K
FY2024$244K
FY2025$94K
Expenses
$336K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$336K
FY2025$214K
Net assets
$144K
FY2024▼ -39%
Tap a bar for its year
Net assets by fiscal year
FY2021$70K
FY2022$127K
FY2023$236K
FY2024$144K
FY2025$35K

From the FY2024 Form 990 (year ending May 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-10-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $219K Management & general 35% · $117K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Justin Yoshimaru
President/Board Member
$0Pt VII · Sec A
Carol Levy
Teasurer/Board Member
$0Pt VII · Sec A
Michael Murphy
Board Member
$0Pt VII · Sec A
Ed Millan
Board Member
$0Pt VII · Sec A
Takara Adair
Secretary/Board Member
$0Pt VII · Sec A
Jason Sugars
Board Member
$0Pt VII · Sec A
Sarah Haft
Board Member (until Jan, '24)
$0Pt VII · Sec A
See Venice Heritage Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves, showcases, and nurtures Venice's diverse cultural heritage and history.

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Provided by the organization

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1 program · $219K · in their own filed words · FY2023
01

The Museum Campus

A public campus that enriches the lives of current and future generations of venetians and visitors through exhibitions, events, and activities- improving the present with the past.

$219Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
W S Scharff Family FoundationFY2025$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$244K
Ln 12
Gifts and grantsLn 1h$240K
Fees for servicesLn 2g$5K
Money outPt IX
$336K
Ln 25
Programscol B$219K
Managementcol C$117K
Owns and owesPt X
$144K
net assets · Ln 32
Cash and savingsLn 1–2$144K
Total assetsLn 16$144K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$240K
Government grantsLn 1e$4K
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$5K
Total revenueLn 12$244K
Assets in detailPt X, end of year
CashLn 1$144K
Cash and savings togetherLn 1–2$144K
Total assetsLn 16$144K
LiabilitiesLn 26$0
Net assetsLn 32$144K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$238K$144K
Total assetsLn 16$238K$144K
LiabilitiesLn 26$2K$0
Net assetsLn 32$236K$144K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$200$200
Management feesLn 11a$33K$33K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$17K$17K
Advertising and promotionLn 12$500$500
Office expensesLn 13$1K$1K
Information technologyLn 14$1K$1K
OccupancyLn 16$61K$15K$46K
InsuranceLn 23$4K$900$3K
Other expenses (24a–d)Ln 24$208K$203K$5K
All other expensesLn 24e$1K$312$1K
Total functional expensesLn 25$336K$219K$117K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $94K$214K−$120K$35K 990 PDF
FY2024 Viewing $244K$336K−$92K$144K 990 PDF
FY2023 $149K$236K 990 PDF
FY2022 $78K$127K 990 PDF
FY2021 $51K$70K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $243,897 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $148,852$239,653
I-9 Program service revenuePrior year $0$4,509
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0−$265
I-12 Total revenuePrior year $148,852$243,897
I-13 Grants and similar amounts paidPrior year $9,408$200
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $31,162$335,605
I-18 Total expensesPrior year $40,570$335,805
I-19 Revenue less expensesPrior year $108,282−$91,908
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $243,897 across 7 lines filed
VIII-1c Fundraising events$5,276
VIII-1e Government grants$3,700
VIII-1f All other contributions, gifts and grants$230,677
VIII-1h Total contributions, gifts and grants$239,653
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,509$4,509
VIII-8 Net income from fundraising eventsExcluded from tax −$265−$265
VIII-12 Total revenueRelated to mission $4,509 · Unrelated business $0 · Excluded from tax −$265$243,897
Part IX · Statement of functional expenses $335,805 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $200$200
IX-11a Management feesManagement $32,982$32,982
IX-11c Accounting feesManagement $8,014$8,014
IX-11g Other fees for servicesManagement $17,370$17,370
IX-12 Advertising and promotionManagement $500$500
IX-13 Office expensesManagement $1,498$1,498
IX-14 Information technologyManagement $1,491$1,491
IX-16 OccupancyPrograms $15,000 · Management $45,824$60,824
IX-23 InsurancePrograms $900 · Management $3,111$4,011
IX-24 Other expenses (24a–d)Programs $202,650 · Management $4,874$207,524
IX-24e All other expensesPrograms $312 · Management $1,079$1,391
IX-25 Total functional expensesPrograms $219,062 · Management $116,743 · Fundraising $0$335,805
Part X · Balance sheet $144,446 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $238,142$144,446
X-16 Total assetsStart of year $238,142$144,446
X-25 Other liabilitiesStart of year $2,438$0
X-26 Total liabilitiesStart of year $2,438$0
X-32 Total net assets or fund balancesStart of year $235,704$144,446
X-33 Total liabilities and net assetsStart of year $238,142$144,446
Part XI · Reconciliation of net assets $144,446 net assets at year end
XI-1 Total revenue$243,897
XI-2 Total expenses$335,805
XI-3 Revenue less expenses−$91,908
XI-4 Net assets at start of year$235,704
XI-8 Prior period adjustments$650
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$144,446

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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