The Virtue Foundation
- Assets
- $4.2m
- Revenue
- $801.9k
- Investments
- $78.7k
- Employees
- 2
- Location
- New York, NY
- Founding
- 04/2003
- Data as of
- 12/2023
- EIN
- 56-2289262
Organization Overview
The Virtue Foundation is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Virtue Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virtue Foundation 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 12/2023, Virtue Foundation generated $801.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $478.1k during the year ending 12/2023. While expenses have increased by 7.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VIRTUE FOUNDATION'S MISSION IS TO INCREASE AWARENESS, INSPIRE ACTION, AND RENDER ASSISTANCE THROUGH INITIATIVES ON HEALTHCARE, EDUCATION, AND WOMEN AND JUSTICE PROGRAMS, AS WELL AS INNOVATIVE WORK IN RESEARCH AND ANALYTICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DATAMAPPING FOR GOOD THE VIRTUE FOUNDATION ACTIONABLE DATA MAPPING INITIATIVE (FORMERLY NAMED THE "DATA MAPPING INITIATIVE") IS A FORWARD- THINKING TECHNOLOGY PLATFORM THAT EMPLOYS MACHINE LEARNING AND AI TO BETTER MATCH NEEDS AND RESOURCES IN 72 LOW AND LOW-MIDDLE INCOME COUNTRIES. THIS FIRST OF ITS KIND PLATFORM PROVIDES MEDICAL PROFESSIONALS AND OTHER GLOBAL HEALTH ACTORS WITH THE INFORMATION THEY NEED TO BEST DEPLOY THEIR TIME, TALENT AND RESOURCES. BORN OF YEARS OF ON THE GROUND GLOBAL MEDICAL AND SURGICAL MISSIONS IN UNDERSERVED REGIONS OF THE WORLD, THE PLATFORM LEVERAGES PREDICTIVE ANALYTICS AND MACHINE LEARNING ALGORITHMS TO ANALYZE GEOSPATIAL DATA, INFRASTRUCTURE, RISK FACTORS, ENVIRONMENTAL CONDITIONS AS WELL AS OTHER FACTORS TO ARRIVE AT INSIGHTS CRITICAL TO IMPROVING THE DELIVERY OF HEALTHCARE TO THOSE MOST IN NEED. DESIGNED TO CREATE A MORE EFFICIENT MARKETPLACE FOR THE DELIVERY OF HEALTHCARE IN UNDERSERVED REGIONS OF THE WORLD, THE PLATFORM, THROUGH A SIMPLE, FREE USER-FRIENDLY INTERFACE, SEEKS TO PROVIDE INDIVIDUALS, NON- PROFITS, GOVERNMENTS, AND COMPANIES WITH MORE EFFICIENT ACCESS TO DATA NEEDED TO HELP MAKE CRITICAL DECISIONS ON THE HOW TO MOST EFFICIENTLY ALLOCATE RESOURCES FOR GREATEST IMPACT. AT VIRTUE FOUNDATION, RESEARCH AND ANALYTICS ARE A LARGE PART OF ALL ITS PROGRAM AREAS, AND AN IMPORTANT GOAL IN EVERY PROJECT THAT IS UNDERTAKEN. ANALYTICS IS ENABLED BY KNOWLEDGE AND DATA. THUS, ANOTHER GUIDING PRINCIPLE OF ITS WORK IS THE COLLECTION AND SHARING OF INTERDISCIPLINARY DATA TO BETTER INFORM ITS PROGRAMMING. TO THIS END, VIRTUE FOUNDATION CONTINUES TO DEVELOP SEVERAL INTERACTIVE MAP PROJECTS THAT WILL LAY OUT NEEDS AND AVAILABLE RESOURCES TO HELP INFORM WHERE ASSISTANCE AS WELL AS SPECIFIC INTERVENTION IS NEEDED.
THE VIRTUE FOUNDATION PROVIDED A VARIETY OF ADVANCED MEDICAL AND SURGICAL TREATMENTS IN MONGOLIA INCLUDING OPHTHALMOLOGY, OCULOPLASTIC SURGERY, OTORHINOLARYNGOLOGY, ANESTHESIOLOGY AND INTENSIVE CARE, HEPATOBILIARY SURGERY, AND NEUROSURGERY. IN ADDITION TO THE CLINICAL WORK, MONGOLIAN DOCTORS ARE TAUGHT AND TRAINED IN SUSTAINABLE SKILLS AND KNOWLEDGE TRANSFER IS A KEY PILLAR OF EVERY VIRTUE FOUNDATION MISSION. THE FOUNDATION ALSO PROVIDED MEDICAL AND SURGICAL CARE AS WELL AS EDUCATIONAL INITIATIVES IN THE UNDERSERVED NORTHWEST REGION, INCLUDING TUMU AND WA IN GHANA. VIRTUE FOUNDATION ALSO SUPPORTED MEDICAL AND SURGICAL MISSIONS IN ECUADOR AND VIETNAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shahpari Nazeri DDS Treasurer/se | OfficerTrustee | 1 | $0 |
Joseph Salim DMD Executive Di | OfficerTrustee | $0 | |
Joan Larovere MD Vice Preside | OfficerTrustee | $0 |
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 | $987,875 |
| Noncash contributions included in lines 1a–1f | $45,457 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $987,875 |
| Total Program Service Revenue | $0 |
| Investment income | $14,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$200,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $801,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,162 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,885 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,484 |
| Advertising and promotion | $796 |
| Office expenses | $4,396 |
| Information technology | $568 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62,315 |
| 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 | $14,913 |
| Insurance | $4,926 |
| All other expenses | $12,113 |
| Total functional expenses | $478,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $534,945 |
| Savings and temporary cash investments | $375 |
| 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 | $0 |
| Net Land, buildings, and equipment | $447,925 |
| Investments—publicly traded securities | $3,136,584 |
| Investments—other securities | $78,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,198,510 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,838 |
| Total liabilities | $3,838 |
| Net assets without donor restrictions | $4,194,672 |
| Net assets with donor restrictions | $0 |
| 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 | $4,198,510 |
Grants Awarded
Over the last fiscal year, The Virtue Foundation has awarded $102,062 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HAGAR USA INC | | | $17,031 |
RESEARCH FOUNDATION CUNY | | | $14,000 |
GIRL SCOUTS OF GREATER NY | | | $10,000 |
COLUMBIA UNIVERSITY | | | $10,000 |
HAGAR USA INC | | | $17,031 |
RESEARCH FOUNDATION CUNY | | | $14,000 |