Vera Institute Of Justice Inc
- Assets
- $247.2m
- Revenue
- $265.1m
- Investments
- $2.6m
- Employees
- 417
- Location
- Brooklyn, NY
- Founding
- 10/1962
- Data as of
- 06/2022
- EIN
- 13-1941627
Organization Overview
Vera Institute Of Justice Inc is located in Brooklyn, NY. The organization was established in 1962. According to its NTEE Classification (I20) the organization is classified as: Crime Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2022, Vera Institute Of Justice Inc employed 417 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vera Institute Of Justice Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Vera Institute Of Justice Inc generated $265.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $245.4m during the year ending 06/2022. While expenses have increased by 20.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vera Institute Of Justice Inc has awarded 363 individual grants totaling $56,310,555. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO END THE OVERCRIMINALIZATION AND MASS INCARCERATION OF PEOPLE OF COLOR, IMMIGRANTS, AND PEOPLE EXPERIENCING POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORING PROMISE:RESTORING PROMISE IS AN INITIATIVE THAT CREATES HOUSING UNITS GROUNDED IN DIGNITY FOR YOUNG ADULTS IN PRISON, DISRUPTING HARMFUL PRISON PRACTICES AND POLICIES THROUGH COLLABORATIVE RESEARCH AND TECHNICAL ASSISTANCE. THE TEAM WORKS IN COLORADO, CONNECTICUT, IDAHO, MASSACHUSETTS, NORTH DAKOTA, AND SOUTH CAROLINA.
OTHER PROGRAMS:UNACCOMPANIED CHILDREN PROGRAM, EOIR PROGRAMS - LOP, LOPC, NQRP, ICH, CENTER ON VICTIMIZATION AND SAFETY, UNLOCKING POTENTIAL, NY IMMIGRANT FAMILY UNITY PROJECT, IN OUR BACKYARDS, JAILS WORK, END GIRLS' INCARCERATION, GREATER JUSTICE NEW YORK, CIJ - OTHER RELATED PROJECTS, VERA LOUISIANA, REDEFINING PUBLIC SAFETY, VERA CALIFORNIA, FINES AND FEES, OPENING DOORS, AND CSC - OTHER RELATED PROJECTS.
RESHAPING PROSECUTION:RESHAPING PROSECUTION IS AN INITIATIVE THAT GUIDES ELECTED PROSECUTORS IN REFORM USING A RACE EQUITY LENS. THIS INVOLVES SUPPORTING PROSECUTORS IN PUTTING THEIR CAMPAIGN PROMISES INTO ACTION AS CONCRETE, DATA-INFORMED POLICIES AND PRACTICES, DEVELOPMENT STRATEGIES TO REDUCE INCARCERATION, PROMOTE RACIAL EQUITY AND INCREASE THE PUBLIC'S CONFIDENCE IN THEIR OFFICE. RESHAPING PROSECUTION'S WORK IS GUIDED BY THREE PRINCIPLES, WITH A FOCUS ON SUPPORTING SAFER COMMUNITIES: SHRINKING THE NUMBER OF PEOPLE WHO ENTER THE CRIMINAL LEGAL SYSTEM; ADDRESSING SYSTEMIC RACIAL DISPARITIES; AND INCREASING ACCOUNTABILITY TO DIRECTLY IMPACTED COMMUNITIES.
ADVANCING UNIVERSAL REPRESENTATION:THE ADVANCING UNIVERSAL REPRESENTATION INITIATIVE IS DRIVING A NATIONAL MOVEMENT FOR UNIVERSAL REPRESENTATION. OUR GOAL IS TO ESTABLISH A FEDERAL RIGHT TO REPRESENTATION FOR ALL IMMIGRANTS FACING DEPORTATION. BY FIGHTING FOR UNIVERSAL REPRESENTATION, THE INITIATIVE AND ITS PARTNERS ARE KEEPING FAMILIES TOGETHER; DISRUPTING THE CRIMINALIZATION AND DEPORTATION OF IMMIGRANTS AND THEIR FAMILIES; AND PROTECTING PEOPLE FROM THE DEPLORABLE CONDITIONS OF IMMIGRATION DETENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas R Turner President And Director | Officer | 40 | $549,663 |
Angelica Matos Vp, Initiatives | Officer | 40 | $245,122 |
Kevin M Keenan Vp Of Innov. & New Init., Thru 2/15/22 | Officer | 40 | $243,703 |
Gregory M Klemm Cfo Coo Assistant Treasurer | Officer | 40 | $233,005 |
James Parsons Vp Research & Monitoring Eval & Lrn | Officer | 40 | $226,842 |
Jordan Kessler Vp Development, Thru 4/11/2022 | Officer | 40 | $228,630 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue State Marketing Services | 6/29/22 | $1,327,906 |
Lucas & Barba Llp Legal Services | 6/29/22 | $734,255 |
M&r Strategic Services Public Relations And Communications Serv | 6/29/22 | $667,650 |
Maya Interpreters Llc Interpretation And Translation Services | 6/29/22 | $542,245 |
Marie Higuera Legal Services | 6/29/22 | $518,503 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,033,300 |
| Related organizations | $0 |
| Government grants | $218,216,249 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,138,676 |
| Noncash contributions included in lines 1a–1f | $150,768 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,388,225 |
| Total Program Service Revenue | $0 |
| Investment income | $1,748,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$529,137 |
| Net Income from Fundraising Events | -$770,692 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,119,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,706,565 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,306,352 |
| Compensation of current officers, directors, key employees. | $1,546,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,684,300 |
| Pension plan accruals and contributions | $1,068,883 |
| Other employee benefits | $3,675,502 |
| Payroll taxes | $2,638,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $133,032 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $301,266 |
| Fees for services: Other | $160,281,856 |
| Advertising and promotion | $20,998 |
| Office expenses | $1,699,350 |
| Information technology | $404,224 |
| Royalties | $0 |
| Occupancy | $1,620,345 |
| Travel | $1,268,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210,020 |
| Interest | $2,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $693,913 |
| Insurance | $154,973 |
| All other expenses | $0 |
| Total functional expenses | $245,436,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,095,448 |
| Savings and temporary cash investments | $14,520,544 |
| Pledges and grants receivable | $61,325,316 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $100,226 |
| Net Land, buildings, and equipment | $5,027,623 |
| Investments—publicly traded securities | $81,298,296 |
| Investments—other securities | $2,571,466 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,258,931 |
| Total assets | $247,197,850 |
| Accounts payable and accrued expenses | $74,964,899 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,044,277 |
| Total liabilities | $124,009,176 |
| Net assets without donor restrictions | $103,947,006 |
| Net assets with donor restrictions | $19,241,668 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $247,197,850 |
Grants Awarded
Over the last fiscal year, Vera Institute Of Justice Inc has awarded $37,680,675 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
A LA DEFENSA PURPOSE: PROMOTIONAL BOOSTS ON SOCIAL MEDIA AND GENERAL OPERATING SUPPORT | $35,000 |
ABA FUND FOR JUSTICE & EDUCATION PURPOSE: GENERAL OPERATING SUPPORT | $1,538,371 |
ACACIA CENTER FOR JUSTICE PURPOSE: START-UP/GENERAL SUPPORT GRANT | $1,600,000 |
ACTIVATING CHANGE PURPOSE: START-UP/GENERAL SUPPORT GRANT | $800,000 |
ADVOCATES FOR BASIC LEGAL EQUALITY INC PURPOSE: GENERAL OPERATING SUPPORT | $210,967 |
AMERICANS FOR IMMIGRANT JUSTICE PURPOSE: GENERAL OPERATING SUPPORT | $398,709 |