Civic Intelligence

The Virtue Foundation

990 • Fiscal year 2018 • EIN 56-2289262

Jan 01, 2018 to Dec 31, 2018 • Filed on May 28, 2019

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

19th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

20th percentile

0.01x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

70th percentile

8.7%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

112%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$2,728,543

Up $217,571 (+8.7%) from 2017

Net Assets

Up

$2,723,382

Up $218,053 (+8.7%) from 2017

Liabilities

Down

$5,161

Down $482 (-8.5%) from 2017

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin92nd percentile

Revenue

Up

$860,906

Up $455,143 (+112%) from 2017

Expenses

Up

$408,811

Up $100,012 (+32%) from 2017

Net Income

Up

$452,095

Up $355,131 (+366%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2018

Assets$2,728,543
Liabilities$5,161
Net Assets$2,723,382
Open 2018 Filing

Operations Trend

Revenue Growth94th 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

2018

Revenue$860,906
Expenses$408,811
Net Income$452,095
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 28, 2019
Return Version
2018v3.1
Gross Receipts
$3,928,704
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$2,375,375$2,478,984▲ $103,609
Cash and Non-Interest-Bearing Accounts$6,571$216,209▲ $209,638
Savings and Temporary Cash Investments$125,817$27,127▼ $98,690
Other Notes and Loans Receivable, Net-$5,000-
Land, Buildings, and Equipment, Net$3,209$1,223▼ $1,986
Total Assets$2,510,972$2,728,543▲ $217,571
Liabilities
Other Liabilities$5,643$5,161▼ $482
Total Liabilities$5,643$5,161▼ $482
Net Assets / Fund Balance
Unrestricted Net Assets$2,505,329$2,723,382▲ $218,053
Total Net Assets Fund Balance$2,505,329$2,723,382▲ $218,053
Total Liabilities and Net Assets / Fund Balance$2,510,972$2,728,543▲ $217,571

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$42,174$42,174
Equipment$1,223$692$1,915
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$578,204
Program Service Revenue
$0
Investment Income
$283,723
Other Revenue
$-1,021
All Other Contributions
$578,204
Change in Net Assets
$452,095

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
Securities Publicly Traded1$40,703
Total Noncash Contributions1$40,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,904
Salaries, Compensation, and Employee Benefits$150,405
Grants and Similar Amounts Paid$1,502
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$134,063-$134,063
Travel$93,348--$93,348
Occupancy-$29,778-$29,778
Fees for Services Accounting-$12,368-$12,368
Other Employee Benefits-$11,520-$11,520
Advertising-$8,185-$8,185
Payroll Taxes-$4,822-$4,822
Office Expenses-$3,351-$3,351
Insurance$802$1,953-$2,755
Other Expenses$8,031$2,411-$2,411
All Other Expenses$879$1,318-$2,197
Depreciation Depletion-$1,986-$1,986
Grants to Domestic Individuals$1,502--$1,502
Total Functional Expenses$197,056$211,755$0$408,811
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$5,161
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
2019-05-28
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
2
Volunteers
85

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”

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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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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt040703
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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
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0211755
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0197056
IRS990/TotalFunctionalExpensesGrp/TotalAmt0408811
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IRS990/TravelGrp/TotalAmt093348
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-28
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ReturnHeader/FilingSecurityInformation/IPTm013:56:01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201606891
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0362 FIFTH AVE SUITE 503
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON Y PRESSMAN
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ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,728,543
Liabilities
$5,161
Net assets
$2,723,382
Revenue
$860,906
Expenses
$408,811
Net income
$452,095
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