Virgin Unite Usa Inc
- Assets
- $3.6m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 20-3963486
Organization Overview
Virgin Unite Usa Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virgin Unite USA 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 12/2022, Virgin Unite USA Inc generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Virgin Unite USA Inc has awarded 80 individual grants totaling $24,672,313. 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
PROMOTE ENTREPRENEURIAL APPROACHES TO SOCIAL AND EVIRONMENTAL ISSUES AND ADMINSTRATION OF VARIOUS FUNDRAISING ACTIVITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE ENTREPRENEURIAL APPROACHES TO SOCIAL AND ENVRIONMENTAL ISSUES AND ADMINSTRATION OF VARIOUS FUNDRAISING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Hunt Morr Director | Officer | 0 | $0 |
Christine Choi Officer | Officer | 0 | $0 |
Jean Oelwang Officer | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Racquel Moses Consulting | 12/30/19 | $200,000 |
Kennedy Gachiri Consulting | 12/30/19 | $141,670 |
Karen Sack Consulting | 12/30/19 | $169,371 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,381,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,381,027 |
| Total Program Service Revenue | $0 |
| Investment income | $2,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,383,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,246,801 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,250,295 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $172,450 |
| Fees for services: Accounting | $18,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,807,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,524,609 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,970,702 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $139,071 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,634,382 |
| Accounts payable and accrued expenses | $13,155 |
| Grants payable | $0 |
| Deferred revenue | $240,000 |
| 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 | $0 |
| Total liabilities | $253,155 |
| Net assets without donor restrictions | $833,371 |
| Net assets with donor restrictions | $2,547,856 |
| 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 | $3,634,382 |
Grants Awarded
Over the last fiscal year, Virgin Unite Usa Inc has awarded $3,243,468 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
FORTIFY INC PURPOSE: ADVOCACY WORK | $30,171 |
THE B TEAM HQ INC PURPOSE: OPERATING SUPPORT | $166,666 |
JUST CAPITAL FOUNDATION INC PURPOSE: OPERATING SUPPORT | $10,417 |
NEO PHILANTHROPY INC PURPOSE: OPERATING SUPPORT | $36,923 |
THE AFRICAN CENTER PURPOSE: OPERATING SUPPORT | $25,000 |
DIGITAL CITIZEN FUND INC PURPOSE: OPERATING SUPPORT | $56,250 |