Virtues Incorporated
- Assets
- $16.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Coon Rapids, MN
- Founding
- 09/2015
- Data as of
- 06/2024
- EIN
- 47-1508653
Organization Overview
Virtues Incorporated is located in Coon Rapids, MN. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2024, Virtues Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virtues Incorporated 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 06/2024, Virtues Incorporated generated $117.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $109.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
WE HELP TRANSFORM THE STRENGTHS CHRIST GAVE YOU INTO HIS FUTURE FOR YOU MAXIMIZING YOUR TIME, YOUR MONEY, AND YOUR EFFORT ALL IN AN UNPARALLELED CONNECTED COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Johnson Treasurer | 2 | $0 | |
David Glesne President | 2 | $0 | |
Tom Parrish Member | 1 | $0 | |
Julie Marxhausen Vice Chairman | 1 | $0 | |
Pamela Johnson Member | 1 | $0 | |
Carl Billings Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,988 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $116,988 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $83,356 |
| Occupancy, rent, utilities, and maintenance | $560 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,734 |
| Total expenses | $109,650 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,314 |
| Other assets | $0 |
| Total assets | $16,314 |
| Total liabilities | $110 |
| Net assets or fund balances | $16,204 |