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Nonprofiteer
← VIRTUES MATTER INC

Form 990 for tax year 2023

Filed by VIRTUES MATTER INC.

Totals

Total revenue
$112,221
Total expenses
$127,349
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$112,221
Investment income
$0
Other revenue
$0
Total assets, end of year
$156,939
Total liabilities, end of year
$138,677
Net assets or fund balances, end of year
$18,262
Program services expenses (Part IX)
$100,693
Management and general expenses
$18,489
Fundraising expenses
$8,167
Program service expenses (Part III)
$100,693

Program services were 79.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CONSULTING SERVICES

    total $102,093 · related or exempt $102,093

  • 2b · Program service revenue: OTHER EDUCATIONAL SUPP

    total $8,875 · related or exempt $8,875

  • 2c · Program service revenue: VIRTUES CARD APPLICATI

    total $1,253 · related or exempt $1,253

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $96,000 · program services $73,333 · management and general $14,500 · fundraising $8,167

  • 7 · Other salaries and wages

    total $7,868 · program services $7,868

  • 11g · Fees: other

    total $8,238 · program services $8,238

  • 13 · Office expenses

    total $8,209 · program services $7,567 · management and general $642

  • 17 · Travel

    total $3,347 · management and general $3,347

  • 19 · Conferences, conventions and meetings

    total $3,687 · program services $3,687

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,455 · end of year $973

  • 3 · Pledges and grants receivable

    beginning of year $69,015 · end of year $500

  • 15 · Other assets

    beginning of year $155,466 · end of year $155,466

  • 17 · Accounts payable and accrued expenses

    beginning of year $194,546 · end of year $132,677

  • 24 · Unsecured notes and loans payable

    beginning of year $10,000 · end of year $6,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $33,390 · end of year $18,262

Mission and programs · 2023

Mission

IS DEDICATED TO PROVIDING EDUCATION TO PEOPLE OF ALL BACKGROUNDS TO CULTIVATE AND APPLY VITRTUES IN ALL ASPECTS OF THEIR LIFE

Activities or mission (Part I)

VIRTUES MATTER INC. MISSION IS DEDICATED TO HELPING PEOPLE CULTIVATE VIRTUES IN ALL AREAS OF THEIR LIFE.

  • 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.

  • VIRTUES MATTER SUPPORTS THE WAYFARER FOUNDATION AND THE COMMUNITY THEY SERVE THROUGH A SERIES OF LEADERSHIP AND TEAM DEVELOPMENT WORKSHOPS. OUR PRIMIARY GOAL IS TO SUPPORT A COHORT OF SELECT NOT FOR PROFIT ORGANIZATIONS USING THE "FIVE STRATEGIES" OF THE VIRTUES PROJECT TO INSPIRE, AMONG OTHER THINGS, (A) HOPE, (B) CREATE A CLIMAE OF JUSTICE AND UNITY, AND (C) OFFER TOOLS AND STRATEGIES THAT HELP BUILD COMMUNIITIES OF CARING AND CHARACTER.

    Revenue $12,000

  • 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

    Revenue $50,000

  • CONSULTING SERVICES PROVIDED TO VARIOUS EDUCATIONAL AND CORPORATE ORGANIZATIONS SEEKING TO EDUCATE WORKFORCE ON THE RELEVANCE OF APPLYING VIRTUES IN THEIR CULTURES

    Expenses $100,693 · Revenue $112,221

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dara Feldman

    PRESIDENT AND CEO

    Total calculated
    $63,333
    From this org
    $63,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Shauna King

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Rachel Sullivan

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Arjun Chanmugam

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Sharon Eblaghie Bahador

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jason Hiner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • David B Feldman

    EXECUTIVE DIRECTOR

    Total calculated
    $32,667
    From this org
    $32,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
25 October 2024
IRS schema version
2023v5.1
Source object
202423029349301002

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