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Nonprofiteer
← VIRTUES MATTER INC

Form 990 for tax year 2022

Filed by VIRTUES MATTER INC.

Totals

Total revenue
$133,501
Total expenses
$139,801
Contributions and grants received
$112,958
Grants paid
$0
Program service revenue
$20,543
Investment income
$0
Other revenue
$0
Total assets, end of year
$237,936
Total liabilities, end of year
$204,546
Net assets or fund balances, end of year
$33,390
Program services expenses (Part IX)
$118,542
Management and general expenses
$13,666
Fundraising expenses
$7,593
Program service expenses (Part III)
$118,542

Program services were 84.8% 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.

  • 1f · All other contributions, gifts and grants

    $112,958

  • 2a · Program service revenue: CONSULTING SERVICES

    total $17,821 · related or exempt $17,821

  • 2b · Program service revenue: VIRTUES CARD APPLICATI

    total $2,722 · related or exempt $2,722

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,747 · program services $3,747

  • 7 · Other salaries and wages

    total $86,372 · program services $73,416 · management and general $8,637 · fundraising $4,319

  • 11g · Fees: other

    total $25,050 · program services $25,050

  • 13 · Office expenses

    total $2,735 · program services $937 · management and general $1,126 · fundraising $672

  • 14 · Information technology

    total $3,548 · program services $3,548

  • 16 · Occupancy

    total $13,010 · program services $6,505 · management and general $3,903 · fundraising $2,602

  • 17 · Travel

    total $5,339 · program services $5,339

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,824 · end of year $13,455

  • 3 · Pledges and grants receivable

    beginning of year $7,400 · end of year $69,015

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    end of year $70,546

  • 22 · Loans and payables to officers and key people

    beginning of year $148,000 · end of year $124,000

  • 24 · Unsecured notes and loans payable

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

  • 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 $39,690 · end of year $33,390

Mission and programs · 2022

Mission

VIRTUES MATTER INC. IS A SOCIAL PURPOSE ORGANIZATION THAT TEACHES PEOPLE HOW TO DEEPEN THEIR UNDERSTANDING AND PRACTICE OF VIRTUES - UNIVERSAL POSITIVE QUALITIES OF CHARACTER, SUCH AS FORGIVENESS, COURAGE, DETACHMENT, STEADFASTNESS, AND JOYFULNESS, AND THEN APPLY THEM IN EVERYDAY LIVES.

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.

    Expenses $85,274 · Revenue $57,500

  • 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."

    Expenses $27,119 · Revenue $55,458

  • 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

    Expenses $3,548 · Revenue $2,722

  • Expenses $2,601

As filed on the 2022 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
    $0
    Hours/week
    50

  • David B Feldman

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    50

  • 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

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313189349301041

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