VIRTUES MATTER INC

EIN: 861407670 501(c)(3) Human Services

KENSINGTON, MD

Total Revenue
$112,221
Total Expenses
$127,349
Total Assets
$156,939
Net Assets
$18,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MD
Principal Officer
DAVID D FELDMAN
Phone
3019490414
Tax Period
2023-01-01 to 2023-12-31

VIRTUES MATTER INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $112K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $127K exceeded revenue, resulting in a 13% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

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...

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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.

Program 2
Revenue: $12,000

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...

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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.

Program 3
Revenue: $50,000

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...

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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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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $112,221
Investment Income $0
Other Revenue $0
TOTAL REVENUE $112,221

Expense Breakdown

Grants Paid $0
Salaries & Benefits $103,868
Fundraising Expenses $8,167
Program Expenses $100,693
Other Expenses $23,481
TOTAL EXPENSES $127,349

Year-over-Year Comparison

2023 2022 Change
Revenue $112,221 $133,501 -0.2%
Expenses $127,349 $139,801 -0.1%
Net Income $-15,128 $-6,300 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
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
$96,000
Total Directors
7
$96,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARA FELDMAN PRESIDENT AND CEO 30.00
Officer Director
$63,333 $0 $63,333
SHAUNA KING VICE CHAIR 3.00
Director
$0 $0 $0
RACHEL SULLIVAN TREASURER 3.00
Director
$0 $0 $0
ARJUN CHANMUGAM SECRETARY 3.00
Officer Director
$0 $0 $0
SHARON EBLAGHIE BAHADOR BOARD MEMBER 3.00
Director
$0 $0 $0
JASON HINER BOARD MEMBER 3.00
Director
$0 $0 $0
DAVID B FELDMAN EXECUTIVE DIRECTOR 12.00
Officer Director
$32,667 $0 $32,667
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 No data No data No data No data
2023 $112,221 $127,349 $156,939 $-15,128
2022 $133,501 $139,801 $237,936 $-6,300
2021 $163,653 $123,963 $197,690 $39,690
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