Virtues Incorporated
- Assets
- $5.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Coon Rapids, MN
- Founding
- 09/2015
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Virtues Incorporated generated $64.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $65.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 6 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
2022
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 |
|---|---|---|---|
Craig Wanamaker Treasurer | 2 | $0 | |
David Glesne President | 2 | $0 | |
Julie Marxhausen Vice Chairman | 1 | $0 | |
Becky Danielson Secretary | 1 | $0 | |
Carl Billings Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,435 |
| 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 | $64,435 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $800 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $64,621 |
| Total expenses | $65,421 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,391 |
| Other assets | $0 |
| Total assets | $5,391 |
| Total liabilities | $506 |
| Net assets or fund balances | $4,885 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virtues Incorporated has recieved totaling $13.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
Evangelical Lutheran Good Samaritan Foundation Sioux Falls, SD | $102,471,128 | $9,259,464 |
Christian Worship Hour Aberdeen, SD | $3,374,479 | $4,060,903 |
Luther Memorial Home Madelia, MN | $3,423,486 | $4,600,698 |
Barnabas International Elkhorn, WI | $2,407,026 | $3,476,922 |
Fargo Union Mission Inc Fargo, ND | $6,248,468 | $4,299,626 |
Our Saviours Community Services Minneapolis, MN | $1,113,008 | $3,093,408 |
Tomorrow Clubs International Inc Eagan, MN | $1,317,587 | $2,788,690 |