Civic Intelligence

The Virtue Foundation

990 • Fiscal year 2016 • EIN 56-2289262

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

Organization ProfileWWW.VIRTUEFOUNDATION.ORG
1040 First Avenue Rm/Ste 116New York, NY 10022

(212) 355-2227

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

65th percentile

8.0%

Higher net margin than 65% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

40th percentile

-0.9%

Faster asset growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

59th percentile

6.5%

Faster revenue growth than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$1,959,876

Down $17,923 (-0.9%) from 2015

Net Assets

Down

$1,952,530

Down $17,680 (-0.9%) from 2015

Liabilities

Down

$7,346

Down $243 (-3.2%) from 2015

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin65th percentile

Revenue

Up

$305,039

Up $18,620 (+6.5%) from 2015

Expenses

Up

$280,684

Up $19,950 (+7.7%) from 2015

Net Income

Down

$24,355

Down $1,330 (-5.2%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $1,675,731Liabilities 2011: $33,177Net Assets 2011: $1,642,5542011Assets 2012: $1,511,797Liabilities 2012: $33,078Net Assets 2012: $1,478,7192012Assets 2013: $1,870,345Liabilities 2013: $4,708Net Assets 2013: $1,865,6372013Assets 2014: $1,913,520Liabilities 2014: $5,791Net Assets 2014: $1,907,7292014Assets 2015: $1,977,799Liabilities 2015: $7,589Net Assets 2015: $1,970,2102015Assets 2016: $1,959,876Liabilities 2016: $7,346Net Assets 2016: $1,952,5302016Assets 2017: $2,510,972Liabilities 2017: $5,643Net Assets 2017: $2,505,3292017Assets 2018: $2,728,543Liabilities 2018: $5,161Net Assets 2018: $2,723,3822018Assets 2019: $3,197,983Liabilities 2019: $6,053Net Assets 2019: $3,191,9302019Assets 2020: $5,212,869Liabilities 2020: $5,625Net Assets 2020: $5,207,2442020Assets 2021: $5,191,328Liabilities 2021: $13,693Net Assets 2021: $5,177,6352021Assets 2022: $2,861,585Liabilities 2022: $9,678Net Assets 2022: $2,851,9072022Assets 2023: $4,198,510Liabilities 2023: $3,838Net Assets 2023: $4,194,6722023Assets 2024: $5,605,866Liabilities 2024: $3,779Net Assets 2024: $5,602,0872024

Highlighted filing

2016

Assets$1,959,876
Liabilities$7,346
Net Assets$1,952,530
Open 2016 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $360,279Expenses 2011: $497,736Net Income 2011: -$137,4572011Expenses 2012: $370,7542012Revenue 2013: $552,025Expenses 2013: $395,458Net Income 2013: $156,5672013Revenue 2014: $253,800Expenses 2014: $308,061Net Income 2014: -$54,2612014Revenue 2015: $286,419Expenses 2015: $260,734Net Income 2015: $25,6852015Revenue 2016: $305,039Expenses 2016: $280,684Net Income 2016: $24,3552016Revenue 2017: $405,763Expenses 2017: $308,799Net Income 2017: $96,9642017Revenue 2018: $860,906Expenses 2018: $408,811Net Income 2018: $452,0952018Revenue 2019: $523,244Expenses 2019: $493,235Net Income 2019: $30,0092019Revenue 2020: $767,065Expenses 2020: $360,045Net Income 2020: $407,0202020Revenue 2021: $2,108,321Expenses 2021: $499,677Net Income 2021: $1,608,6442021Revenue 2022: -$344,609Expenses 2022: $568,926Net Income 2022: -$913,5352022Revenue 2023: $801,905Expenses 2023: $478,149Net Income 2023: $323,7562023Revenue 2024: $895,142Expenses 2024: $523,394Net Income 2024: $371,7482024

Highlighted filing

2016

Revenue$305,039
Expenses$280,684
Net Income$24,355
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$3,364,853
Mission and Program Overview

Mission

The foundation's mission is to increase awareness of prevalent global issues, to inspire people to action and to render humanitarian assistance through healthcare, education and empowerment initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,552,012$1,685,737▲ $133,725
Savings and Temporary Cash Investments$344,655$233,926▼ $110,729
Cash and Non-Interest-Bearing Accounts$62,640$30,393▼ $32,247
Land, Buildings, and Equipment, Net$18,492$9,820▼ $8,672
Total Assets$1,977,799$1,959,876▼ $17,923
Liabilities
Other Liabilities$7,589$7,346▼ $243
Total Liabilities$7,589$7,346▼ $243
Net Assets / Fund Balance
Unrestricted Net Assets$1,970,210$1,952,530▼ $17,680
Total Net Assets Fund Balance$1,970,210$1,952,530▼ $17,680
Total Liabilities and Net Assets / Fund Balance$1,977,799$1,959,876▼ $17,923

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,820$32,354$42,174
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Joseph Salim DmdExecutive Di
Joan Larovere MdSecretary
Shahpari Nazeri DdsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$220,810
Program Service Revenue
$0
Investment Income
$85,829
Other Revenue
$-1,600
All Other Contributions
$220,810
Change in Net Assets
$24,355

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$31,225
Total Noncash Contributions1$31,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$176,817
Salaries, Compensation, and Employee Benefits$66,897
Grants and Similar Amounts Paid$36,970
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$89,080--$89,080
Other Salaries and Wages-$55,000-$55,000
Grants to Domestic Orgs$36,970--$36,970
Occupancy-$30,744-$30,744
Fees for Services Accounting-$12,377-$12,377
Depreciation Depletion-$8,672-$8,672
Other Employee Benefits-$7,466-$7,466
Payroll Taxes-$4,431-$4,431
Office Expenses-$3,267-$3,267
Insurance$75$2,047-$2,122
Other Expenses$24,558$1,260-$1,260
All Other Expenses-$708-$708
Advertising-$460-$460
Total Functional Expenses$150,683$130,001$0$280,684
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
HagarPhoenix, AZ--$31,970
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Chase Credit Card$5,973
Payroll Taxes Payable$1,373
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The organization's personnel most familiar with its' financial affairs reviews the form 990”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Virtue Foundation
EIN
56-2289262
Phone
2123552227
Address
1040 FIRST AVENUE RM/STE 116, NEW YORK, NY 10022

Signing Officer

Name
Joseph Salim Dmd
Title
Executive Director
Phone
2123552227
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Salim Dmd
Formed
2002
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
30

Preparer

Firm
Manela & Pressman Llp
Address
362 FIFTH AVE SUITE 503, NEW YORK, NY 10001
Preparer
Aaron Y Pressman
Phone
2125944044
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Doctors and students volunteering their services and time in various third world countries”

Form 990, Page 2, Part III, Line 4D

“To support various local charities”

Raw XML Appendix363 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09820
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt032354
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt042174
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05973
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11373
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CHASE CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09820
IRS990ScheduleD/TotalLiabilityAmt07346
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IRS990ScheduleI/RecipientTable/CashGrantAmt031970
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0PHOENIX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AZ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd085032
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PHYSICAL ON-SITE VISIT, MEETING, CONFERENCES, ETC.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt031225
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DOCTORS AND STUDENTS VOLUNTEERING THEIR SERVICES AND TIME IN VARIOUS THIRD WORLD COUNTRIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO SUPPORT VARIOUS LOCAL CHARITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S PERSONNEL MOST FAMILIAR WITH ITS' FINANCIAL AFFAIRS REVIEWS THE FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01959876
IRS990/TotalAssetsGrp/BOYAmt01977799
IRS990/TotalAssetsGrp/EOYAmt01959876
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0220810
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0130001
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0150683
IRS990/TotalFunctionalExpensesGrp/TotalAmt0280684
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07589
IRS990/TotalLiabilitiesEOYAmt07346
IRS990/TotalLiabilitiesGrp/BOYAmt07589
IRS990/TotalLiabilitiesGrp/EOYAmt07346
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01970210
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01952530
IRS990/TotalOtherProgSrvcExpenseAmt075
IRS990/TotalProgramServiceExpensesAmt0150683
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt084229
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0305039
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01977799
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01959876
IRS990/TravelGrp/ProgramServicesAmt089080
IRS990/TravelGrp/TotalAmt089080
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IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01970210
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01952530
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0329 WEST 108TH STREET
IRS990/USAddress/AddressLine2Txt0APT 5B
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010025
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.VIRTUEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH SALIM DMD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02123552227
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE VIRTUE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0VIRT
ReturnHeader/Filer/EIN0562289262
ReturnHeader/Filer/PhoneNum02123552227
ReturnHeader/Filer/USAddress/AddressLine1Txt01040 FIRST AVENUE RM/STE 116
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00BB837DB6F385191FFF42EB654D419ADC5B15E8F
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201606891
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MANELA & PRESSMAN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0362 FIFTH AVE SUITE 503
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010001
ReturnHeader/PreparerPersonGrp/PhoneNum02125944044
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON Y PRESSMAN
ReturnHeader/ReturnTs02017-05-16T16:26:32-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,959,876
Liabilities
$7,346
Net assets
$1,952,530
Revenue
$305,039
Expenses
$280,684
Net income
$24,355
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.61$0.00$5.60$0.90$0.52$0.37
2023Detailed filing. Detailed filing data is available for this year.$4.20$0.00$4.19$0.80$0.48$0.32
2022Detailed filing. Detailed filing data is available for this year.$2.86$0.01$2.85$0.34$0.57$0.91
2021Detailed filing. Detailed filing data is available for this year.$5.19$0.01$5.18$2.11$0.50$1.61
2020Detailed filing. Detailed filing data is available for this year.$5.21$0.01$5.21$0.77$0.36$0.41
2019Detailed filing. Detailed filing data is available for this year.$3.20$0.01$3.19$0.52$0.49$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.73$0.01$2.72$0.86$0.41$0.45
2017Detailed filing. Detailed filing data is available for this year.$2.51$0.01$2.51$0.41$0.31$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.96$0.01$1.95$0.31$0.28$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.98$0.01$1.97$0.29$0.26$0.03
2014Summary only. Only limited summary data is available for this year.$1.91$0.01$1.91$0.25$0.31$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$0.55$0.40$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.03$1.48$0.37
2011Summary only. Only limited summary data is available for this year.$1.68$0.03$1.64$0.36$0.50$0.14