Venice Presbyterian Church Foundation Inc

Venice Presbyterian Church Foundation Inc reports substantial asset growth with minimal expenses and no officer compensation in its latest filing.

EIN: 203654776 · Venice, FL · NTEE: X12 · Updated: 2026-03-28

$1.4MRevenue

$1.7MAssets

90/100Mission Score (Excellent)

X12

About Venice Presbyterian Church Foundation Inc

Venice Presbyterian Church Foundation Inc (EIN: 203654776) is a nonprofit organization based in Venice, FL, classified under NTEE code X12. The organization reported total revenue of $1.4M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Venice Presbyterian Church Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Venice Presbyterian Church Foundation Inc appears to be in a strong financial position, as evidenced by its latest revenue of $1,445,866 and assets of $1,722,821. The most recent 990 filing (Period 202312) shows revenue of $663,865 against very low expenses of $1,346, resulting in a significant increase in net assets. This indicates a focus on asset growth and potentially endowment management rather than extensive program spending in that specific period. The organization's liabilities are reported as $0, further solidifying its financial stability. The absence of officer compensation reported in the 202312 filing suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence and efficient use of funds.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Venice Presbyterian Church Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Venice Presbyterian Church Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Officer compensation was reported as 0% in the 202312 filing, indicating that no salaries were paid to officers, which is highly efficient for an organization of its size with assets exceeding $1.7 million.

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.

Strengths

The following positive indicators were identified for Venice Presbyterian Church Foundation Inc:

Extremely low administrative expenses ($1,346 in 202312) relative to revenue and assets.
No officer compensation reported in the 202312 filing, indicating volunteer leadership or highly efficient management.
Strong financial stability with $1,722,821 in assets and $0 liabilities.
Significant asset growth demonstrated by the difference between revenue and expenses in the 202312 filing.

Frequently Asked Questions about Venice Presbyterian Church Foundation Inc

Is Venice Presbyterian Church Foundation Inc primarily an endowment or a program-delivery organization?

Based on the 202312 filing showing $663,865 in revenue and only $1,346 in expenses, it appears to function primarily as an endowment or asset-holding entity for the church, rather than a direct program-delivery organization with significant operational costs.

How does the organization utilize its significant assets?

With assets of $1,722,821 and minimal expenses, the organization likely invests these funds to generate income, which then supports the Venice Presbyterian Church or its related ministries, aligning with its foundation structure.

Filing History

IRS 990 filing history for Venice Presbyterian Church Foundation Inc showing financial trends over 1 year of public records:

In its most recent filing year (2023), Venice Presbyterian Church Foundation Inc reported a surplus of $663K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$664K	$1K	$663K	$0	—	—

Data Sources and Methodology

This transparency report for Venice Presbyterian Church 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.