THE VIRTUE FOUNDATION

EIN: 562289262 501(c)(3) Public & Societal Benefit

NEW YORK, NY

Total Revenue
$895,142
Total Expenses
$523,394
Total Assets
$5,605,866
Net Assets
$5,602,087
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NY
Principal Officer
JOSEPH SALIM DMD
Phone
2123552227
Tax Period
2024-01-01 to 2024-12-31

THE VIRTUE FOUNDATION, founded in 2002, is a small nonprofit in the Public & Societal Benefit sector that reported $895K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $372K, a strong 42% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $289,259

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...

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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.

Program 2
Expenses: $120,981

THE VIRTUE FOUNDATION PROVIDED A VARIETY OF ADVANCED MEDICAL AND SURGICAL TREATMENTS IN MONGOLIA INCLUDING OPHTHALMOLOGY, OCULOPLASTIC SURGERY, OTORHINOLARYNGOLOGY, ANESTHESIOLOGY AND INTENSIVE CARE...

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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 UKRAINE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $675,014
Program Service Revenue $0
Investment Income $220,128
Other Revenue $0
TOTAL REVENUE $895,142

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,910
Fundraising Expenses $0
Program Expenses $410,240
Other Expenses $408,484
TOTAL EXPENSES $523,394

Year-over-Year Comparison

2024 2023 Change
Revenue $895,142 $801,905 +0.1%
Expenses $523,394 $478,149 +0.1%
Net Income $371,748 $323,756 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAHPARI NAZERI DDS TREASURER/SE N/A
Officer Director
$0 $0 $0
JOSEPH SALIM DMD EXECUTIVE DI N/A
Officer Director
$0 $0 $0
JOAN LAROVERE MD PRESIDENT N/A
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $895,142 $523,394 $5,605,866 $371,748
2023 $801,905 $478,149 $4,198,510 $323,756
2022 $-344,609 $568,926 $2,861,585 $-913,535
2021 $2,108,321 $499,677 $5,191,328 $1,608,644
2020 $767,065 $360,045 $5,212,869 $407,020
2019 $523,244 $493,235 $3,197,983 $30,009
2018 $860,906 $408,811 $2,728,543 $452,095
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