The Vii Foundation Inc
- Assets
- $3.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 51-0427657
Organization Overview
The Vii Foundation Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Vii Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vii Foundation 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 12/2021, Vii Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.2% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 56.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PROJECTS IN THE AREAS OF HEALTH, HUMAN RIGHTS, THE ENVIRONMENT AND SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STRATEGY OF THE VII ACADEMY IS TO PROMOTE, TEACH AND FOSTER HIGH QUALITY INTERNATIONAL JOURNALISM BY UPSKILLING EMERGING PROFESSIONALS AND STUDENTS ON SCHOLARSHIP FROM THE MAJORITY WORLD AND UNDER REPRESENTED COMMUNITIES IN G20 COUNTRIES IN MEDIA PRACTICE, VISUAL JOURNALISM, NARRATIVE, ETHICS, BUSINESS AND ENTREPRENEURSHIP, THEREBY ENABLING IN THE LONG TERM A CULTURE WHEREBY THE INFORMATION NARRATIVE IS DEMOCRATISED.
THE PEACE PROJECT EXPLORES THE CONDITIONS OF PEACE PROCESSES IN LEBANON, NORTHERN IRELEND, BOSNIA, RWANDA, INDOCHINA, AND COLOMBIA. LEADING PHOTOGRAPHERS AND WRITERS OF WAR WILL RETURN TO THOSE COUNTRIES WHERE THEY FIRST REPORTED DURING CONFLICT. OTHERS WHO LIVED THROUGH WAR WILL ADD THEIR VOICES TO THE PROJECT. PROJECT WILL EXAMINE FAILURES AND SUCCESSES OF THE PAST TO BUILD PEACE THAT WILL ENDURE IN FUTURE
INSIDER IS A FREE ONLINE PLATFORM FOR PUBLIC DEBATE AND DISCUSSION TO ADVANCE PRODUCTION, DOCUMENTARY STORIES AND VIUAL JOURNALISM,
GRANTS TO ORGANIZATIONS SUPPORTING THE MISSION OF THE VII ASSOCIATION, INC. PROJECT TO ARCHIVE IMAGES FROM THE PUBLIC'S LOST ROLLS OF FILM LOST ROLLS AMERICA LOST ROLLS AMERICA ENSURES THE CREATION OF A NATIONAL ARCHIVE OF IMAGES FROM THE PUBLIC'S LOST ROLLS OF FILM, AND ACTS AS A DIGITAL REPOSITORY OF VISUAL MEMORIES. EQUITY FROM THE FRONTLINES IN PARTNERSHIP WITH THE CENTER FOR HEALTH EQUITY OF THE NYC HEALTH DEPARTMENT AND COMMUNITY STAKEHOLDERS, PHOTOGRAPHERS FROM VII FOUNDATION DOCUMENTED COMMUNITY HEALTH WORKERS WORKING WITH RESIDENTS LIVING IN NYC NEIGHBORHOODS THAT HAVE EXPERIENCED STRUCTURAL RACISM AND HAVE BEEN MARKED BY DISINVESTMENT. MILLENNIUM VILLAGES PROJECT- BUS TOURS TO EDUCATE 8TH -12TH GRADES VII INSIDER PROMOTES DEBATE AND DISCUSSION TO ADVANCE THE PRODUCTION AND ANALYSIS OF DOCUMENTARY STORIES ADDRESSING COMPLEX SOCIAL, ECONOMIC, ENVIRONMENTAL AND HUMAN RIGHTS ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Knight Director | OfficerTrustee | 40 | $219,000 |
Ron Jacques Director | OfficerTrustee | 30 | $41,333 |
Andrew Turner Chair | OfficerTrustee | 30 | $0 |
Whitney Bower Trustee | Trustee | 5 | $0 |
Dr Simba Gill Trustee | Trustee | 5 | $0 |
Jennifer Stengaard Gross Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,639,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,685,089 |
| Total Program Service Revenue | $4,607 |
| Investment income | $0 |
| 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 | $1,703,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,900 |
| Grants and other assistance to domestic individuals. | $11,491 |
| Grants and other assistance to Foreign Orgs/Individuals | $869,472 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $252,024 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,715 |
| Payroll taxes | $13,630 |
| Fees for services: Management | $93,612 |
| Fees for services: Legal | $12,973 |
| Fees for services: Accounting | $48,837 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $178,869 |
| Advertising and promotion | $0 |
| Office expenses | $14,973 |
| Information technology | $35,319 |
| Royalties | $0 |
| Occupancy | $18,511 |
| Travel | $68,315 |
| 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 | $37,728 |
| Insurance | $5,491 |
| All other expenses | $0 |
| Total functional expenses | $2,014,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,620,227 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $266,959 |
| Net Land, buildings, and equipment | $775,862 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,000 |
| Other assets | $242 |
| Total assets | $3,675,290 |
| Accounts payable and accrued expenses | $9,324 |
| 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 | $0 |
| Total liabilities | $9,324 |
| Net assets without donor restrictions | $2,141,629 |
| Net assets with donor restrictions | $1,524,337 |
| 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 | $3,675,290 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Vii Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Foundation for Systemic Change Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
Mount Carmel Guild Education Newark, NJ | $2,668,838 | $6,215,422 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |