Venetos Foundation Inc
Venetos Foundation consistently spends more than it earns, drawing down assets.
EIN: 136224081 · Burlington, VT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $16K |
| Program Spending | 70% |
| Net Assets | $228K |
| Transparency Score | 65/100 |
Is Venetos Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Venetos Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Venetos Foundation Inc
Venetos Foundation Inc (EIN: 136224081) is a nonprofit organization based in Burlington, VT. The organization reported total revenue of $9K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Venetos Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Venetos Foundation Inc is a micro nonprofit that has been operating for 59 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $16K |
| Surplus / Deficit | $-6,772 |
| Total Assets | $228K |
| Total Liabilities | $1 |
| Net Assets | $228K |
| Operating Margin | -75.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 173.9 months |
Financial Health Grade: B
In 2023, Venetos Foundation Inc reported a deficit of $7K with expenses exceeding revenue, holds 173.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Venetos Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.9% | +0.4% | +3.3% |
| 2022 | -7.7% | +-0.0% | -13.2% |
| 2021 | +12.4% | +20.4% | +2.9% |
| 2020 | -11.5% | +17.2% | -0.2% |
| 2019 | +1155.0% | -40.4% | -27.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Venetos Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Venetos Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure or that executive roles are unpaid, which is positive for minimizing overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Venetos Foundation Inc's IRS 990 filings:
- Consistent operational deficit: Expenses have exceeded revenue in every reported year from 2019 to 2023, and in most prior years, indicating a reliance on asset drawdowns.
- Declining asset base: Assets have decreased from $248,051 in 2019 to $228,339 in 2023, a reduction of over $19,000 in five years.
Strengths
The following positive indicators were identified for Venetos Foundation Inc:
- No reported officer compensation: The organization consistently reports 0% officer compensation, indicating efficient management of personnel costs at the executive level.
- Low liabilities: The foundation maintains negligible liabilities, often $0 or $1, suggesting strong financial management regarding debt.
- Consistent filing history: A long history of IRS 990 filings demonstrates good transparency and compliance.
Frequently Asked Questions about Venetos Foundation Inc
Is Venetos Foundation Inc a legitimate charity?
Venetos Foundation Inc (EIN: 136224081) is a registered tax-exempt nonprofit based in Vermont. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $9K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Venetos Foundation Inc spend its money?
Venetos Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Venetos Foundation Inc tax-deductible?
Venetos Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136224081). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Venetos Foundation Inc's spending goes to programs?
Venetos Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Venetos Foundation Inc located?
Venetos Foundation Inc is headquartered in Burlington, Vermont and files with the IRS under EIN 136224081.
How many years of IRS 990 filings does Venetos Foundation Inc have?
Venetos Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9K in total revenue.
Is Venetos Foundation Inc. financially sustainable in the long term?
The foundation has consistently spent more than its revenue for at least the last five years, leading to a decline in assets from $248,051 in 2019 to $228,339 in 2023. This trend suggests potential long-term sustainability challenges if not addressed.
What are the primary expenses of the Venetos Foundation Inc.?
Without a detailed breakdown of expenses in the provided data, it's difficult to pinpoint the exact nature of their spending. However, total expenses have ranged from $11,132 to $15,754 annually in recent years.
Does the Venetos Foundation Inc. have significant debt?
No, the foundation consistently reports negligible liabilities, often $0 or $1, indicating a very low debt burden.
Filing History
IRS 990 filing history for Venetos Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Venetos Foundation Inc's revenue has declined by 21.4%, moving from $11K to $9K. Total assets decreased by 26.7% over the same period, from $311K to $228K. Total functional expenses fell by 47.4%, from $30K to $16K. In its most recent filing year (2023), Venetos Foundation Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1 in liabilities against $228K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $228K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9K | $16K | $228K | $1 | — | — |
| 2022 | $8K | $16K | $221K | $1 | — | View 990 |
| 2021 | $8K | $16K | $255K | $1 | — | — |
| 2020 | $7K | $13K | $248K | $1 | — | — |
| 2019 | $8K | $11K | $248K | $0 | — | View 990 |
| 2015 | $667 | $19K | $343K | $0 | — | View 990 |
| 2014 | $87K | $15K | $361K | $0 | — | View 990 |
| 2013 | $23K | $15K | $289K | $0 | — | View 990 |
| 2012 | $2K | $13K | $281K | $0 | — | View 990 |
| 2011 | $11K | $30K | $311K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9K, expenses of $16K, and assets of $228K (revenue +16.9% year-over-year).
- 2022: Revenue of $8K, expenses of $16K, and assets of $221K (revenue -7.7% year-over-year).
- 2021: Revenue of $8K, expenses of $16K, and assets of $255K (revenue +12.4% year-over-year).
- 2020: Revenue of $7K, expenses of $13K, and assets of $248K (revenue -11.5% year-over-year).
- 2019: Revenue of $8K, expenses of $11K, and assets of $248K (revenue +1155.0% year-over-year).
- 2015: Revenue of $667, expenses of $19K, and assets of $343K (revenue -99.2% year-over-year).
- 2014: Revenue of $87K, expenses of $15K, and assets of $361K (revenue +286.6% year-over-year).
- 2013: Revenue of $23K, expenses of $15K, and assets of $289K (revenue +1139.0% year-over-year).
- 2012: Revenue of $2K, expenses of $13K, and assets of $281K (revenue -84.0% year-over-year).
- 2011: Revenue of $11K, expenses of $30K, and assets of $311K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Venetos Foundation Inc:
Data Sources and Methodology
This transparency report for Venetos Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.