Civic Intelligence

The Virtue Foundation

990 • Fiscal year 2024 • EIN 56-2289262

Jan 01, 2024 to Dec 31, 2024 • Filed on Jun 20, 2025

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

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

0.00x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

87th percentile

34%

Faster asset growth than 87% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

12%

Faster revenue growth than 57% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,605,866

Up $1,407,356 (+34%) from 2023

Net Assets

Up

$5,602,087

Up $1,407,415 (+34%) from 2023

Liabilities

Down

$3,779

Down $59 (-1.5%) from 2023

Revenue

Up

$895,142

Up $93,237 (+12%) from 2023

Expenses

Up

$523,394

Up $45,245 (+9.5%) from 2023

Net Income

Up

$371,748

Up $47,992 (+15%) from 2023

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

2024

Assets$5,605,866
Liabilities$3,779
Net Assets$5,602,087

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

2024

Revenue$895,142
Expenses$523,394
Net Income$371,748
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 20, 2025
Return Version
2024v5.0
Gross Receipts
$4,148,244
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.

Virtue foundation's mission is to increase awareness, inspire action, and render assistance through initiatives on healthcare, education, and women and justice programs, as well as innovative work in research and analytics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,136,584$4,487,908▲ $1,351,324
Cash and Non-Interest-Bearing Accounts$534,945$514,569▼ $20,376
Land, Buildings, and Equipment, Net$447,925$472,575▲ $24,650
Investments Other Securities$78,681$128,690▲ $50,009
Savings and Temporary Cash Investments$375$2,124▲ $1,749
Total Assets$4,198,510$5,605,866▲ $1,407,356
Liabilities
Other Liabilities$3,838$3,779▼ $59
Total Liabilities$3,838$3,779▼ $59
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,194,672$5,602,087▲ $1,407,415
Total Net Assets Fund Balance$4,194,672$5,602,087▲ $1,407,415
Total Liabilities and Net Assets / Fund Balance$4,198,510$5,605,866▲ $1,407,356

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$472,575$107,797$580,372
Equipment-$1,915$1,915
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joan Larovere MdPresident
Joseph Salim DmdExecutive Di
Shahpari Nazeri DdsTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$675,014
Program Service Revenue
$0
Investment Income
$220,128
Other Revenue
$0
All Other Contributions
$675,014
Change in Net Assets
$371,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$408,484
Salaries, Compensation, and Employee Benefits$114,910
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,500--$106,500
Depreciation Depletion$58,220$12,130-$70,350
Travel$68,904--$68,904
Fees for Services Accounting-$17,099-$17,099
Fees for Services Other$10,400--$10,400
All Other Expenses$3,106$5,705-$8,811
Payroll Taxes$8,410--$8,410
Other Expenses$33,103$8,249-$8,249
Insurance-$5,303-$5,303
Advertising-$3,240-$3,240
Office Expenses-$1,551-$1,551
Information Technology-$1,326-$1,326
Total Functional Expenses$410,240$113,154$0$523,394
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
Credit Cards$3,779
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 12C

The virtue foundations conflict of interest policy aims to prevent transactions involving officers, directors, or interested parties by requiring disclosure of potential conflicts and outlining procedures for addressing them. It includes clear guidelines for handling potential conflicts of interest in transactions and emphasizes a duty to disclose. The policy also ensures ongoing monitoring to uphold its standards, with directors and principal officers annually confirming their understanding and agreement through a signed disclosure statement.

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
2025-06-20
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
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

Led by a team of surgeons and other medical professionals, virtue foundation has worked in over 25 countries delivering healthcare while enhancing the skills of local healthcare professionals. With a special focus on ghana and mongolia, we've delivered care to over 50,000 patients.

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

Datamapping for good the virtue foundation actionable data mapping initiative (formerly named the "data mapping initiative") is a forward- thinking technology platform that employs machine learning and ai to better match needs and resources in 72 low and low-middle income countries. This first of its kind platform provides medical professionals and other global health actors with the information they need to best deploy their time, talent and resources. Born of years of on the ground global medical and surgical missions in underserved regions of the world, the platform leverages predictive analytics and machine learning algorithms to analyze geospatial data, infrastructure, risk factors, environmental conditions as well as other factors to arrive at insights critical to improving the delivery of healthcare to those most in need. Designed to create a more efficient marketplace for the delivery of healthcare in underserved regions of the world, the platform, through a simple, free user-friendly interface, seeks to provide individuals, non- profits, governments, and companies with more efficient access to data needed to help make critical decisions on the how to most efficiently allocate resources for greatest impact. At virtue foundation, research and analytics are a large part of all its program areas, and an important goal in every project that is undertaken. Analytics is enabled by knowledge and data. Thus, another guiding principle of its work is the collection and sharing of interdisciplinary data to better inform its programming. To this end, virtue foundation continues to develop several interactive map projects that will lay out needs and available resources to help inform where assistance as well as specific intervention is needed.

Raw XML Appendix334 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/Desc0THE VIRTUE FOUNDATION PROVIDED A VARIETY OF ADVANCED MEDICAL AND SURGICAL TREATMENTS IN MONGOLIA INCLUDING OPHTHALMOLOGY, OCULOPLASTIC SURGERY, OTORHINOLARYNGOLOGY, ANESTHESIOLOGY AND INTENSIVE CARE, HEPATOBILIARY SURGERY, AND NEUROSURGERY. IN ADDITION TO THE CLINICAL WORK, MONGOLIAN DOCTORS ARE TAUGHT AND TRAINED IN SUSTAINABLE SKILLS AND KNOWLEDGE TRANSFER IS A KEY PILLAR OF EVERY VIRTUE FOUNDATION MISSION. THE FOUNDATION ALSO PROVIDED MEDICAL AND SURGICAL CARE AS WELL AS EDUCATIONAL INITIATIVES IN THE UNDERSERVED NORTHWEST REGION, INCLUDING TUMU AND WA IN GHANA. VIRTUE FOUNDATION ALSO SUPPORTED MEDICAL AND SURGICAL MISSIONS IN UKRAINE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LED BY A TEAM OF SURGEONS AND OTHER MEDICAL PROFESSIONALS, VIRTUE FOUNDATION HAS WORKED IN OVER 25 COUNTRIES DELIVERING HEALTHCARE WHILE ENHANCING THE SKILLS OF LOCAL HEALTHCARE PROFESSIONALS. WITH A SPECIAL FOCUS ON GHANA AND MONGOLIA, WE'VE DELIVERED CARE TO OVER 50,000 PATIENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DATAMAPPING FOR GOOD THE VIRTUE FOUNDATION ACTIONABLE DATA MAPPING INITIATIVE (FORMERLY NAMED THE "DATA MAPPING INITIATIVE") IS A FORWARD- THINKING TECHNOLOGY PLATFORM THAT EMPLOYS MACHINE LEARNING AND AI TO BETTER MATCH NEEDS AND RESOURCES IN 72 LOW AND LOW-MIDDLE INCOME COUNTRIES. THIS FIRST OF ITS KIND PLATFORM PROVIDES MEDICAL PROFESSIONALS AND OTHER GLOBAL HEALTH ACTORS WITH THE INFORMATION THEY NEED TO BEST DEPLOY THEIR TIME, TALENT AND RESOURCES. BORN OF YEARS OF ON THE GROUND GLOBAL MEDICAL AND SURGICAL MISSIONS IN UNDERSERVED REGIONS OF THE WORLD, THE PLATFORM LEVERAGES PREDICTIVE ANALYTICS AND MACHINE LEARNING ALGORITHMS TO ANALYZE GEOSPATIAL DATA, INFRASTRUCTURE, RISK FACTORS, ENVIRONMENTAL CONDITIONS AS WELL AS OTHER FACTORS TO ARRIVE AT INSIGHTS CRITICAL TO IMPROVING THE DELIVERY OF HEALTHCARE TO THOSE MOST IN NEED. DESIGNED TO CREATE A MORE EFFICIENT MARKETPLACE FOR THE DELIVERY OF HEALTHCARE IN UNDERSERVED REGIONS OF THE WORLD, THE PLATFORM, THROUGH A SIMPLE, FREE USER-FRIENDLY INTERFACE, SEEKS TO PROVIDE INDIVIDUALS, NON- PROFITS, GOVERNMENTS, AND COMPANIES WITH MORE EFFICIENT ACCESS TO DATA NEEDED TO HELP MAKE CRITICAL DECISIONS ON THE HOW TO MOST EFFICIENTLY ALLOCATE RESOURCES FOR GREATEST IMPACT. AT VIRTUE FOUNDATION, RESEARCH AND ANALYTICS ARE A LARGE PART OF ALL ITS PROGRAM AREAS, AND AN IMPORTANT GOAL IN EVERY PROJECT THAT IS UNDERTAKEN. ANALYTICS IS ENABLED BY KNOWLEDGE AND DATA. THUS, ANOTHER GUIDING PRINCIPLE OF ITS WORK IS THE COLLECTION AND SHARING OF INTERDISCIPLINARY DATA TO BETTER INFORM ITS PROGRAMMING. TO THIS END, VIRTUE FOUNDATION CONTINUES TO DEVELOP SEVERAL INTERACTIVE MAP PROJECTS THAT WILL LAY OUT NEEDS AND AVAILABLE RESOURCES TO HELP INFORM WHERE ASSISTANCE AS WELL AS SPECIFIC INTERVENTION IS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S PERSONNEL MOST FAMILIAR WITH ITS' FINANCIAL AFFAIRS REVIEWS THE FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE VIRTUE FOUNDATIONS CONFLICT OF INTEREST POLICY AIMS TO PREVENT TRANSACTIONS INVOLVING OFFICERS, DIRECTORS, OR INTERESTED PARTIES BY REQUIRING DISCLOSURE OF POTENTIAL CONFLICTS AND OUTLINING PROCEDURES FOR ADDRESSING THEM. IT INCLUDES CLEAR GUIDELINES FOR HANDLING POTENTIAL CONFLICTS OF INTEREST IN TRANSACTIONS AND EMPHASIZES A DUTY TO DISCLOSE. THE POLICY ALSO ENSURES ONGOING MONITORING TO UPHOLD ITS STANDARDS, WITH DIRECTORS AND PRINCIPAL OFFICERS ANNUALLY CONFIRMING THEIR UNDERSTANDING AND AGREEMENT THROUGH A SIGNED DISCLOSURE STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING 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 4A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH SALIM DMD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02123552227
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-20
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON Y PRESSMAN
ReturnHeader/ReturnTs02025-09-16T12:49:57-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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