Civic Intelligence

The Virtue Foundation

990 • Fiscal year 2022 • EIN 56-2289262

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 09, 2023

Organization ProfileWWW.VIRTUEFOUNDATION.ORG
106 East 85th Street Ne1New York, NY 10028

(212) 355-2227

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2022 filings • NTEE W • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

99th percentile

265%

Higher net margin than 99% of similar nonprofits.

2022 filings • NTEE W • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

2022 filings • NTEE W • $1M-$5M nonprofits • Source year 2022

Asset Growth

1st percentile

-45%

Faster asset growth than 1% of similar nonprofits.

2022 filings • NTEE W • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$2,861,585

Down $2,329,743 (-45%) from 2021

Net Assets

Down

$2,851,907

Down $2,325,728 (-45%) from 2021

Liabilities

Down

$9,678

Down $4,015 (-29%) from 2021

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin99th percentile

Revenue

Down

-$344,609

Down $2,452,930 (-116%) from 2021

Expenses

Up

$568,926

Up $69,249 (+14%) from 2021

Net Income

Down

-$913,535

Down $2,522,179 (-157%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2022

Assets$2,861,585
Liabilities$9,678
Net Assets$2,851,907
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2022

Revenue-$344,609
Expenses$568,926
Net Income-$913,535
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 9, 2023
Return Version
2022v5.0
Gross Receipts
$3,157,534
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$4,444,598$2,198,380▼ $2,246,218
Land, Buildings, and Equipment, Net$373,601$459,479▲ $85,878
Cash and Non-Interest-Bearing Accounts$155,253$142,993▼ $12,260
Investments Other Securities$122,842$49,541▼ $73,301
Savings and Temporary Cash Investments$95,034$11,192▼ $83,842
Total Assets$5,191,328$2,861,585▼ $2,329,743
Liabilities
Other Liabilities$13,693$9,678▼ $4,015
Total Liabilities$13,693$9,678▼ $4,015
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,177,635$2,851,907▼ $2,325,728
Total Net Assets Fund Balance$5,177,635$2,851,907▼ $2,325,728
Total Liabilities and Net Assets / Fund Balance$5,191,328$2,861,585▼ $2,329,743

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$459,479$62,936$522,415
Equipment-$1,915$1,915
Compensation and Service Providers
Top Officer Pay43rd percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$409,750
Program Service Revenue
$0
Investment Income
$-754,359
Other Revenue
$0
All Other Contributions
$409,750
Change in Net Assets
$-913,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$404,480
Salaries, Compensation, and Employee Benefits$151,946
Grants and Similar Amounts Paid$12,500
Total Fundraising Expense$2,395
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$140,545--$140,545
Travel$26,759--$26,759
Fees for Services Other$16,426--$16,426
Fees for Services Accounting-$16,273-$16,273
Depreciation Depletion-$15,449-$15,449
All Other Expenses$10,636$3,099-$13,735
Grants to Domestic Orgs$12,500--$12,500
Other Expenses$12,255$45,349-$12,255
Payroll Taxes$11,401--$11,401
Insurance-$5,152-$5,152
Office Expenses$1,978$2,040-$4,018
Fees for Services Legal-$3,500-$3,500
Conferences and Meetings--$2,395$2,395
Advertising-$842-$842
Information Technology-$260-$260
Fees for Service Investment Mgmnt Fees-$11-$11
Total Functional Expenses$474,556$91,975$2,395$568,926
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hagar USA IncPhoenix, AZ--$12,000
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$9,678
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
Yes
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
106 EAST 85TH STREET NE1, NEW YORK, NY 10028

Signing Officer

Name
Joseph Salim Dmd
Title
Executive Director
Phone
2123552227
Signed
2023-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Salim Dmd
Formed
2002
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
34

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 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. At the virtue foundation, research and analytics are a large part of all of its program areas, and an ultimate goal in every project that is undertaken. Analytics is enabled by knowledge and data. Therefore, another guiding principle of the work is the collection and sharing of interdisciplinary data to better inform its programming. To this end, the virtue foundation currently developing several interactive map projects that will lay out needs and available resources to inform where assistance is needed and help guide specifically what kind of intervention is needed as well.”

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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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ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,861,585
Liabilities
$9,678
Net assets
$2,851,907
Revenue
-$344,609
Expenses
$568,926
Net income
-$913,535
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