Civic Intelligence

The Virtue Foundation

990 • Fiscal year 2017 • EIN 56-2289262

Jan 01, 2017 to Dec 31, 2017 • Filed on May 10, 2018

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

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

81st percentile

24%

Higher net margin than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

85th percentile

28%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

33%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,510,972

Up $551,096 (+28%) from 2016

Net Assets

Up

$2,505,329

Up $552,799 (+28%) from 2016

Liabilities

Down

$5,643

Down $1,703 (-23%) from 2016

Revenue

Up

$405,763

Up $100,724 (+33%) from 2016

Expenses

Up

$308,799

Up $28,115 (+10%) from 2016

Net Income

Up

$96,964

Up $72,609 (+298%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$2,510,972
Liabilities$5,643
Net Assets$2,505,329

Operations Trend

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

2017

Revenue$405,763
Expenses$308,799
Net Income$96,964
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 10, 2018
Return Version
2017v2.3
Gross Receipts
$2,093,613
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$1,685,737$2,375,375▲ $689,638
Savings and Temporary Cash Investments$233,926$125,817▼ $108,109
Cash and Non-Interest-Bearing Accounts$30,393$6,571▼ $23,822
Land, Buildings, and Equipment, Net$9,820$3,209▼ $6,611
Total Assets$1,959,876$2,510,972▲ $551,096
Liabilities
Other Liabilities$7,346$5,643▼ $1,703
Total Liabilities$7,346$5,643▼ $1,703
Net Assets / Fund Balance
Unrestricted Net Assets$1,952,530$2,505,329▲ $552,799
Total Net Assets Fund Balance$1,952,530$2,505,329▲ $552,799
Total Liabilities and Net Assets / Fund Balance$1,959,876$2,510,972▲ $551,096

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,347$40,827$42,174
Equipment$1,862$53$1,915
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$224,807
Program Service Revenue
$0
Investment Income
$182,606
Other Revenue
$-1,650
All Other Contributions
$224,807
Change in Net Assets
$96,964

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$40,560
Total Noncash Contributions1$40,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$181,037
Salaries, Compensation, and Employee Benefits$69,967
Grants and Similar Amounts Paid$57,795
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$93,957--$93,957
Grants to Domestic Orgs$57,795--$57,795
Other Salaries and Wages-$57,750-$57,750
Occupancy-$29,534-$29,534
Fees for Services Accounting-$12,390-$12,390
Depreciation Depletion-$8,526-$8,526
Other Employee Benefits-$7,616-$7,616
Payroll Taxes-$4,601-$4,601
Office Expenses-$3,056-$3,056
Insurance$393$2,059-$2,452
Other Expenses$4,638$1,471-$1,471
All Other Expenses-$1,135-$1,135
Advertising-$180-$180
Total Functional Expenses$178,593$130,206$0$308,799
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hagar USA IncPhoenix, AZ--$17,031
Research Foundation CunyNew York, NY--$14,000
Columbia UniversityNew York, NY--$10,000
Girl Scouts of Greater NyNew York, NY--$10,000
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$4,187
Payroll Taxes Payable$1,456
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
2018-05-10
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

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 Appendix387 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0180
IRS990/AdvertisingGrp/TotalAmt0180
IRS990/AllOtherContributionsAmt0224807
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01135
IRS990/AllOtherExpensesGrp/TotalAmt01135
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CO THE VIRTUE FOUNDATION
IRS990/BooksInCareOfDetail/PhoneNum02123552227
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01040 FIRST AVENUE SUITE 116
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010022
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt030393
IRS990/CashNonInterestBearingGrp/EOYAmt06571
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0224807
IRS990/CYGrantsAndSimilarPaidAmt057795
IRS990/CYInvestmentIncomeAmt0182606
IRS990/CYOtherExpensesAmt0181037
IRS990/CYOtherRevenueAmt0-1650
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt096964
IRS990/CYSalariesCompEmpBnftPaidAmt069967
IRS990/CYTotalExpensesAmt0308799
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0405763
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt08526
IRS990/DepreciationDepletionGrp/TotalAmt08526
IRS990/Desc0VIRTUE FOUNDATION, IN PARTNERSHIP WITH FORDHAM LAW SCHOOL, HAS CHAMPIONED THE CAUSE OF WOMEN THROUGH THE JUDICIAL PROFESSION IN THIRD WORLD - DEVELOPING COUNTRIES SUCH AS GHANA AND KENYA. THEY PROVIDE TRAINING THROUGH PUBLIC FORUMS IN WHICH WOMEN INTERESTED IN DEVELOPING SUCH SKILLS CAN ADVANCE THROUGH THE VARIOUS LEVELS OF THE AFRICAN JUDICIAL SYSTEM.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt010000
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012390
IRS990/FeesForServicesAccountingGrp/TotalAmt012390
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH SALIM DMD
IRS990/Form990PartVIISectionAGrp/PersonNm1JOAN LAROVERE MD
IRS990/Form990PartVIISectionAGrp/PersonNm2SHAHPARI NAZERI DDS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt04507
IRS990/GainOrLossGrp/SecuritiesAmt0160185
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt010000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt057795
IRS990/GrantsToDomesticOrgsGrp/TotalAmt057795
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt04507
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01848035
IRS990/GrossReceiptsAmt02093613
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02059
IRS990/InsuranceGrp/ProgramServicesAmt0393
IRS990/InsuranceGrp/TotalAmt02452
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt017914
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt017914
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01685737
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02375375
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt040880
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09820
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03209
IRS990/LandBldgEquipCostOrOtherBssAmt044089
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01687850
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01952530
IRS990/NetAssetsOrFundBalancesEOYAmt02505329
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0164692
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0164692
IRS990/NetUnrlzdGainsLossesInvstAmt0455835
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt040560
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt029534
IRS990/OccupancyGrp/TotalAmt029534
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03056
IRS990/OfficeExpensesGrp/TotalAmt03056
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07616
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07616
IRS990/OtherExpensesGrp/Desc0MEDICAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1STORAGE EXPENSE
IRS990/OtherExpensesGrp/Desc2COMPUTER EXPENSES
IRS990/OtherExpensesGrp/Desc3FREIGHT & DELIVERY
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01888
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11471
IRS990/OtherExpensesGrp/ProgramServicesAmt021810
IRS990/OtherExpensesGrp/ProgramServicesAmt14638
IRS990/OtherExpensesGrp/TotalAmt021810
IRS990/OtherExpensesGrp/TotalAmt14638
IRS990/OtherExpensesGrp/TotalAmt21888
IRS990/OtherExpensesGrp/TotalAmt31471
IRS990/OtherLiabilitiesGrp/BOYAmt07346
IRS990/OtherLiabilitiesGrp/EOYAmt05643
IRS990/OtherRevenueMiscGrp/Desc0FROM K-1
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-1650
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-1650
IRS990/OtherRevenueTotalAmt0-1650
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt057750
IRS990/OtherSalariesAndWagesGrp/TotalAmt057750
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04601
IRS990/PayrollTaxesGrp/TotalAmt04601
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOSEPH SALIM DMD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0VIRTUE FOUNDATION PROVIDES EDUCATIONAL SCHOLARSHIPS TO MEDICALLY CHALLENGED STUDENTS IN TECHNOLOGICAL AREAS WITH A SPOTLIGHT ON THE IMPORTANCE OF COMMUNITY SERVICE AND IMPACT OF PHILANTHROPY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt030764
IRS990/ProgSrvcAccomActy2Grp/GrantAmt030764
IRS990/ProgSrvcAccomActy3Grp/Desc0VIRTUE FOUNDATION HAS SET UP A TWO PRONG APPROACH TO ADVANCING GENERAL HEALTH IN DEVELOPING COUNTRIES SUCH AS MONGOLIA,GHANA, AND EL SALVADOR. MEDICAL PERSONNEL TRAVEL TO THE RURAL AREAS TO PROVIDE MUCH- NEEDED MEDICAL ASSISTANCE TO THE INHABITANTS IN ADDITION TO PROVIDING THE ACTUAL EQUIPMENT AND MEDICAL TRAINING SO THAT THE MEDICAL ASSISTANCE CAN BE SUSTAINED LONG-TERM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0137436
IRS990/ProgSrvcAccomActy3Grp/GrantAmt017031
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO SUPPORT VARIOUS LOCAL CHARITIES
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0393
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0220810
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt036970
IRS990/PYInvestmentIncomeAmt085829
IRS990/PYOtherExpensesAmt0176817
IRS990/PYOtherRevenueAmt0-1600
IRS990/PYRevenuesLessExpensesAmt024355
IRS990/PYSalariesCompEmpBnftPaidAmt066897
IRS990/PYTotalExpensesAmt0280684
IRS990/PYTotalRevenueAmt0305039
IRS990/ReconcilationRevenueExpnssAmt096964
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0233926
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0125817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0224807
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0220810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0225954
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0189666
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0533031
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01394268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0175624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt082879
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt053564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt064132
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018994
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0395193
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt016264
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53480
IRS990ScheduleA/PublicSupportPY170Pct00.62240
IRS990ScheduleA/PublicSupportTotal170Amt0956932
IRS990ScheduleA/SubstantialContributorsTotAmt0437336
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0224807
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0220810
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0225954
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0189666
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0533031
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01394268
IRS990ScheduleA/TotalSupportAmt01789461
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01862
IRS990ScheduleD/EquipmentGrp/DepreciationAmt053
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01915
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01347
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt040827
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt042174
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11456
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CHASE CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03209
IRS990ScheduleD/TotalLiabilityAmt05643
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt017031
IRS990ScheduleI/RecipientTable/CashGrantAmt114000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HAGAR USA INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1RESEARCH FOUNDATION CUNY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2GIRL SCOUTS OF GREATER NY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3COLUMBIA UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0901073823
IRS990ScheduleI/RecipientTable/RecipientEIN1131988190
IRS990ScheduleI/RecipientTable/RecipientEIN2131624014
IRS990ScheduleI/RecipientTable/RecipientEIN3135598093
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04757 E GREENWAY RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1230 W 41ST ST 7
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt240 WALL STREET 708
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3116TH BROADWAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PHOENIX
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm3NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AZ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd085032
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110036
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd210005
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd310027
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PHYSICAL ON-SITE VISIT, MEETING, CONFERENCES, ETC.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt040560
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01959876
IRS990/TotalAssetsEOYAmt02510972
IRS990/TotalAssetsGrp/BOYAmt01959876
IRS990/TotalAssetsGrp/EOYAmt02510972
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0224807
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0130206
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0178593
IRS990/TotalFunctionalExpensesGrp/TotalAmt0308799
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07346
IRS990/TotalLiabilitiesEOYAmt05643
IRS990/TotalLiabilitiesGrp/BOYAmt07346
IRS990/TotalLiabilitiesGrp/EOYAmt05643
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01952530
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02505329
IRS990/TotalOtherProgSrvcExpenseAmt0393
IRS990/TotalProgramServiceExpensesAmt0178593
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0180956
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0405763
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01959876
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02510972
IRS990/TravelGrp/ProgramServicesAmt093957
IRS990/TravelGrp/TotalAmt093957
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01952530
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02505329
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH SALIM DMD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02123552227
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-10
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
ReturnHeader/Filer/USAddress/ZIPCd010022
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CCD344DB358877955BD6CDA542A4954E7FA27565
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D65B8C24A6D834F8E6E3582B5F89B03B947C9ED7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:16:34
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/PreparationDt02018-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON Y PRESSMAN
ReturnHeader/ReturnTs02018-05-11T12:16:34-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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