Civic Intelligence

The Virtue Foundation

990 • Fiscal year 2019 • EIN 56-2289262

Jan 01, 2019 to Dec 31, 2019 • Filed on May 04, 2020

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

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

13th percentile

0.01x

Higher debt load relative to revenue than 13% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

58th percentile

5.7%

Higher net margin than 58% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

79th percentile

17%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-39%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$3,197,983

Up $469,440 (+17%) from 2018

Net Assets

Up

$3,191,930

Up $468,548 (+17%) from 2018

Liabilities

Up

$6,053

Up $892 (+17%) from 2018

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin58th percentile

Revenue

Down

$523,244

Down $337,662 (-39%) from 2018

Expenses

Up

$493,235

Up $84,424 (+21%) from 2018

Net Income

Down

$30,009

Down $422,086 (-93%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth79th 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

2019

Assets$3,197,983
Liabilities$6,053
Net Assets$3,191,930
Open 2019 Filing

Operations Trend

Revenue Growth8th 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

2019

Revenue$523,244
Expenses$493,235
Net Income$30,009
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 4, 2020
Return Version
2019v5.0
Gross Receipts
$5,339,091
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$2,478,984$3,072,601▲ $593,617
Cash and Non-Interest-Bearing Accounts$216,209$94,909▼ $121,300
Savings and Temporary Cash Investments$27,127$27,804▲ $677
Other Notes and Loans Receivable, Net$5,000--
Land, Buildings, and Equipment, Net$1,223$2,660▲ $1,437
Prepaid Expenses and Deferred Charges-$9-
Total Assets$2,728,543$3,197,983▲ $469,440
Liabilities
Other Liabilities$5,161$6,053▲ $892
Total Liabilities$5,161$6,053▲ $892
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,723,382$3,191,930▲ $468,548
Total Net Assets Fund Balance$2,723,382$3,191,930▲ $468,548
Total Liabilities and Net Assets / Fund Balance$2,728,543$3,197,983▲ $469,440

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,075$42,363$44,438
Equipment$585$1,330$1,915
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$388,406
Program Service Revenue
$0
Investment Income
$134,838
Other Revenue
$0
All Other Contributions
$388,406
Change in Net Assets
$30,009

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 Table2$42,358
Total Noncash Contributions2$42,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$329,530
Salaries, Compensation, and Employee Benefits$143,867
Grants and Similar Amounts Paid$19,838
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$135,956--$135,956
Other Salaries and Wages-$128,241-$128,241
Occupancy-$30,144-$30,144
Grants to Domestic Orgs$19,300--$19,300
Fees for Services Accounting-$17,208-$17,208
Other Employee Benefits-$10,566-$10,566
All Other Expenses$2,307$3,105-$5,412
Payroll Taxes-$5,060-$5,060
Office Expenses-$3,164-$3,164
Other Expenses$8,710$3,161-$3,161
Insurance$195$2,386-$2,581
Advertising-$2,059-$2,059
Depreciation Depletion-$827-$827
Grants to Domestic Individuals$538--$538
Total Functional Expenses$287,314$205,921$0$493,235
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hagar USA IncPhoenix, AZ--$14,300
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$6,053
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
2020-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Salim Dmd
Formed
2002
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
3
Volunteers
90

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 4A

“Data mapping for good dun & bradstreet and virtue foundation partner to improve access to medical care in developing countries. The virtue foundation data mapping initiative is a forward-thinking technology platform that seeks to create a more efficient marketplace for the delivery of healthcare in under-served regions of the world. Born of years of on the ground medical missions, the platform leverages predictive analytics and machine learning algorithms to analyze geospatial data, infrastructure, risk factors, and other environmental conditions to better predict need and match available resources. Through a simple and free user interface, the platform seeks to provide individuals, non-profits, governments, and companies with more efficient access to the data needed to help make critical decisions on how to most efficiently allocate resources for greatest impact.”

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

“EN”

Raw XML Appendix369 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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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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S PERSONNEL MOST FAMILIAR WITH ITS' FINANCIAL AFFAIRS REVIEWS THE FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,197,983
Liabilities
$6,053
Net assets
$3,191,930
Revenue
$523,244
Expenses
$493,235
Net income
$30,009
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