VIRTUAL PROPERTIES

EIN: 812781882 501(c)(3) Education

Minneapolis, MN

Total Revenue
$559,119
Total Expenses
$961,772
Total Assets
$6,679,795
Net Assets
$-793,368
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MN
Principal Officer
Jeffrey Bartlett
Phone
6515237170
Tax Period
2024-07-01 to 2025-06-30

VIRTUAL PROPERTIES, founded in 2016, is a small nonprofit in the Education sector that reported $559K in total revenue in fiscal year 2024. Expenses of $962K exceeded revenue, resulting in a 72% operating deficit.

Mission

To provide facility space for lease to the related organization Cyber Village Academy

Program Service Accomplishments

Program 1
Expenses: $961,772 Revenue: $0

To provide facility space for lease to the related organization Cyber Village Academy

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $512,115
Investment Income $47,004
Other Revenue $0
TOTAL REVENUE $559,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $961,772
Other Expenses $961,772
TOTAL EXPENSES $961,772

Year-over-Year Comparison

2024 2023 Change
Revenue $559,119 $524,510 +0.1%
Expenses $961,772 $562,816 +0.7%
Net Income $-402,653 $-38,306 +9.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
1
Employees
N/A
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
$49,625
Total Directors
3
$49,625
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeffrey Bartleet Board Chair 2
Officer Director
$0 $5,906 $48,516
Beth Samy Secretary 2
Officer Director
$0 $89 $1,109
Phyllis Kapetanakis Treasurer 2
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
2025 $559,119 $961,772 $6,679,795 $-402,653
2024 No data No data No data No data
2023 $521,635 $205,182 $7,034,719 $316,453
2022 No data $666,762 $6,700,854 No data
2021 No data No data $150 No data
2020 No data No data $150 No data
2019 No data No data $150 No data
2018 No data No data $150 No data
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare VIRTUAL PROPERTIES with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.