Virtues Matter Inc
- Assets
- $237.9k
- Revenue
- $133.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Kensington, MD
- Founding
- Data as of
- 12/2022
- EIN
- 86-1407670
Organization Overview
Virtues Matter Inc is located in Kensington, MD. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virtues Matter 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, Virtues Matter Inc generated $133.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $139.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VIRTUES MATTER INC. MISSION IS DEDICATED TO HELPING PEOPLE CULTIVATE VIRTUES IN ALL AREAS OF THEIR LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOHNS HOPKINS INNOVATION FUND - WOMBWORK PRODUCTIONS AND VIRTUES MATTER WERE AWARDED A THREE YEAR GRANT TO WORK WITH COHORTS OF PEOPLE IN EARLY RECOVERY, AND WILL PROVIDE EDUCATIONAL AND HEALING SPACES THAT ENHANCE PHYSICAL, MENTAL, EMOTIONAL, SOCIAL AND ECONOMIC WELLBEING TO TRANSFORM VIOLENCE TO VIRTUES IN THE BALTIMORE, MD AREA.
WASHINGTON DECA - VIRTUES MATTER WORKED WITH STUDENTS IN PARTNERSHIP WITH WASHINGTON DECA TO DEVELOP NEXT GENERATION OF THE TOOL, "VIRTUES CARDS APP", WHICH WAS DESIGNED BY AND FOR HIGH SCHOOL STUDENTS TO ELEVATE YOUTH MENTAL WELLBEING. VIRTUES MATTER WORKED WITH YOUTH TO FACILIATE THEIR FALL LEADERSHIP CONFERENCE, UPLIFTING STUDENT CONNECTION AND WELLBEING THROUGH A JOINT INITIATIVE "SHARETHELOVEDECA."
VIRTUES CARDS APP - DEVELOPED NEXT GENERATION COMPUTER SOFTWARE APP OF THE "VIRTUES CARDS" WHICH ALLOWS INDIVIDUALS, EDUCATION INSTITUTIONS AND OTHERS TO ACCESS WORLDWIDE THE DATABASE OF CORE VALUES FOR DISTANCE LEARNING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dara Feldman President And CEO | OfficerTrustee | 50 | $0 |
David B Feldman Executive Director | OfficerTrustee | 50 | $0 |
Shauna King Vice Chair | Trustee | 3 | $0 |
Rachel Sullivan Treasurer | Trustee | 3 | $0 |
Arjun Chanmugam Secretary | OfficerTrustee | 3 | $0 |
Sharon Eblaghie Bahador Board Member | Trustee | 3 | $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 | $112,958 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,958 |
| Total Program Service Revenue | $20,543 |
| 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 | $133,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $3,747 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,372 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,050 |
| Advertising and promotion | $0 |
| Office expenses | $2,735 |
| Information technology | $3,548 |
| Royalties | $0 |
| Occupancy | $13,010 |
| Travel | $5,339 |
| 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 | $139,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,455 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $69,015 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155,466 |
| Total assets | $237,936 |
| Accounts payable and accrued expenses | $70,546 |
| 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 | $124,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $10,000 |
| Other liabilities | $0 |
| Total liabilities | $204,546 |
| Net assets without donor restrictions | $0 |
| 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 | $33,390 |
| Total liabilities and net assets/fund balances | $237,936 |