Vera Institute Of Justice Inc
- Assets
- $152.9m
- Revenue
- $183.3m
- Investments
- $918.3k
- Employees
- 360
- Location
- Brooklyn, NY
- Founding
- 10/1962
- Data as of
- 06/2021
- 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 06/2021, Vera Institute Of Justice Inc employed 360 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 06/2021, Vera Institute Of Justice Inc generated $183.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $173.7m during the year ending 06/2021. While expenses have increased by 17.1% per year over the past 6 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 365 individual grants totaling $24,647,387. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE CHANGE. TO URGENTLY BUILD AND IMPROVE JUSTICE SYSTEMS THAT ENSURE FAIRNESS, PROMOTE SAFETY, AND STRENGTHEN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTERS AND PROGRAMS CONTINUED ON SCHEDULE OINCLUDES VERA'S IMMIGRATION WORK WITHIN CENTER ON IMMIGRATION AND JUSTICE. IMMIGRATION PROGRAMS INCLUDE LEGAL ORIENTATION PROGRAM, NATIONAL QUALIFIED REPRESENTATIVE PROGRAM, AND IMMIGRATION COURT HELPDESK TO PROVIDE LEGAL SERVICES TO ADULTS IN IMMIGRATION DETENTION. ALSO INCLUDES UNACCOMPANIED MINORS PROGRAM WHICH PROVIDES LEGAL SERVICES TO UNACCOMPANIED MINORS UNDER CARE WITH HEALTH AND HUMAN SERVICES. ALSO THE FOLLOWING INITIATIVES AND PROGRAMS: RESTORING PROMISE, IN OUR BACKYARDS, SAFE NETWORK, UNLOCKING POTENTIAL, ENDING GIRLS' INCARCERATION, RESHAPING PROSECUTION, JAIL DECARCERATION, JUSTICE FINES AND FEES, REDEFINING PUBLIC SAFETY, NY IMMIGRANT FAMILY UNITY PROJECT, AND WORK OF THE CENTER ON VICTIMIZATION AND SAFETY. PROGRAM SERVICE ACCOMPLISHMENTS ALSO INCLUDE VERA'S COMMUNICATION AND EXTERNAL AFFAIRS WORK, ADVOCACY, AND INNOVATION/PIPELINE WORK (DEVELOPMENT OF NEW IDEAS).
DEMONSTRATION PROJECT INCLUDES VERA'S GUARDIANSHIP PROJECT, WHICH SERVES AS COURT-APPOINTED AGENCY GUARDIANS TO ELDERLY OR DISABLED INDIVIDUALS WHO LACK FAMILY OR OTHER SUPPORT NETWORKS. EFFECTIVE NOVEMBER 1, 2020, THE GUARDIANSHIP PROJECT (A VERA DEMONSTRATION PROJECT) SPUN-OFF TO FORM A SOLE-MEMBER 501(C)(3) CALLED PROJECT GUARDIANSHIP, INC. (PG).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Turner President And Director | Officer | 40 | $447,811 |
Kevin Keenan Vice President Innovation & New Initiatives | Officer | 40 | $239,929 |
James Parsons Vice President Research, Monitoring, Evaluation & | Officer | 40 | $212,898 |
Insha Rahman Vice President Advocacy And Partnerships | Officer | 40 | $207,353 |
Jordan Kessler Vice President, Development | Officer | 40 | $202,186 |
Theresa Jefferson Vp Communications & External Affairs | Officer | 40 | $195,710 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M&r Strategic Services Communications Support To Safe Network A | 6/29/21 | $963,424 |
Lucas & Barba Llp Nqrp Provider | 6/29/21 | $654,415 |
Marie Higuera Nqrp Provider | 6/29/21 | $527,108 |
Cliftonlarsonallen Llp Talent Solutions - Recruitment Services | 6/29/21 | $418,871 |
Stratton Immigration Pllc Nqrp Provider | 6/29/21 | $405,402 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $473,250 |
| Related organizations | $0 |
| Government grants | $149,607,911 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,573,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,654,643 |
| Total Program Service Revenue | $0 |
| Investment income | $1,383,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,153,664 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,290,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,309,363 |
| 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. | $2,988,124 |
| Compensation of current officers, directors, key employees. | $1,611,735 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,760,266 |
| Pension plan accruals and contributions | $729,858 |
| Other employee benefits | $3,777,234 |
| Payroll taxes | $1,964,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $169,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $252,440 |
| Fees for services: Other | $6,331,251 |
| Advertising and promotion | $0 |
| Office expenses | $810,427 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,085,389 |
| Travel | $200,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $161,533 |
| Interest | $17,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $672,416 |
| Insurance | $127,785 |
| All other expenses | $819,233 |
| Total functional expenses | $173,665,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,190,891 |
| Savings and temporary cash investments | $606,162 |
| Pledges and grants receivable | $66,052,898 |
| 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 | $911,179 |
| Net Land, buildings, and equipment | $5,192,451 |
| Investments—publicly traded securities | $72,559,500 |
| Investments—other securities | $918,329 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $432,623 |
| Total assets | $152,864,033 |
| Accounts payable and accrued expenses | $38,818,767 |
| 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 | $1,305,916 |
| Total liabilities | $40,124,683 |
| Net assets without donor restrictions | $83,502,414 |
| Net assets with donor restrictions | $29,236,936 |
| 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 | $152,864,033 |
Grants Awarded
Over the last fiscal year, Vera Institute Of Justice Inc has awarded $3,309,363 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
Salinas, CA PURPOSE: SUBGRANT FOR RESTORING PROMISE INITIATIVE | $744,392 |
Brooklyn, NY PURPOSE: VERA GENERAL SUPPORT GRANT | $285,000 |
New York, NY PURPOSE: TECHNICAL ASSISTANCE FOR ENDING GIRLS' INCARCERATION INITIATIVE. | $259,143 |
Atlanta, GA PURPOSE: NATIONAL RESOURCE CENTER ON REACHINGUNDERSERVED VICTIMS (UNDERSERVED RESOURCE CENTER) | $133,858 |
Madison, WI PURPOSE: NATIONAL RESOURCE CENTER ON REACHINGUNDERSERVED VICTIMS (UNDERSERVED RESOURCE CENTER) | $100,000 |
New Orleans, LA PURPOSE: SUBGRANT FOR COMMUNITY SUPPORTED RELEASE PROGRAM (NOLA) | $94,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vera Institute Of Justice Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Irving And Geraldine Schaffer Foundation Inc Scarsdale, NY PURPOSE: GENERAL USE | $10,000 |
Endowment Analysis
| Beg. Balance | $33,750,560 |
| Earnings | $8,872,375 |
| Admin Expense | $177,131 |
| Ending Balance | $42,445,804 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vera Institute Of Justice Inc Brooklyn, NY | $152,864,033 | $183,290,508 |
Everytown For Gun Safety Support Fund Inc New York, NY | $23,844,967 | $29,178,892 |
Sandy Hook Promise Foundation Newtown, CT | $20,925,465 | $25,529,583 |
Shalem Foundation New York, NY | $6,111,704 | $7,479,324 |
New York City Gay And Lesbian Anti-Violence Project Inc New York, NY | $4,284,931 | $4,454,475 |
Fbi-Leeda Inc Malvern, PA | $4,187,403 | $4,482,776 |
New England State Police Information Network Inc Franklin, MA | $638,797 | $4,221,694 |
United Neighbors Housing Development Fund Company Inc Bronx, NY | $5,332,817 | $2,871,687 |
Davenport Family Fndtn Trust Under Deed Edna Marion Davenport 031597 Southeastern, PA | $64,404,523 | $4,443,673 |
Newark Community Street Team Inc Newark, NJ | $3,205,477 | $5,347,326 |
National Resources Center On Domestic Violence Inc Harrisburg, PA | $1,225,170 | $3,022,043 |
Dove Inc Quincy, MA | $1,310,619 | $3,335,042 |