Virtual Enterprises International INC: Nonprofit Profile, Financials & Form 990 (EIN 27-3362452)

Revenue by fiscal year
FY2020	$3.0M
FY2021	$3.3M
FY2022	$3.0M
FY2023	$3.2M
FY2024	$3.9M
FY2025	$3.7M

Expenses by fiscal year
FY2020	$2.7M
FY2021	$2.6M
FY2022	$3.6M
FY2023	$4.0M
FY2024	$4.1M
FY2025	$3.9M

Net assets by fiscal year
FY2020	$1.9M
FY2021	$2.6M
FY2022	$2.1M
FY2023	$1.3M
FY2024	$1.1M
FY2025	$868K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

74%

15%

Program services 74% · $2.9M Management & general 11% · $434K Fundraising 15% · $584K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

34 people listed on the 990; $948K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Tom Smith

President & CEO

$190,516Pt VII · Sec A

Eduardo Beltre

Cfoo

$157,363Pt VII · Sec A

Iris Blanc

Founder

$149,693Pt VII · Sec A

Rebecca Mooney

Chief Development Officer

$133,523Pt VII · Sec A

Wendy Schmitt Managing

Director Curriculum & Pro Learning

$120,697Pt VII · Sec A

Jillian Berg

Managing Director of Programs

$118,317Pt VII · Sec A

Elizabeth Persaud Secretary

Associate Director of Programs

$78,022Pt VII · Sec A

Ritu Banga

Director

$0Pt VII · Sec A

Tom Smith’s $191K as President & CEO is at the 80th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Ali Shama	—	$194,573	$177,109	$64,083	—	—
Tom Smith	$190,516	—	—	—	—	—
Nicholas Lee Chapman	—	—	—	$165,132	$153,527	$154,630
Eduardo Beltre	$157,363	$153,885	—	—	—	—
Iris Blanc	$149,693	$140,588	$132,973	$130,044	$140,588	$140,291
Doris Thomas	—	—	$141,460	—	—	—
Rebecca Mooney	$133,523	—	—	—	—	—
Paul Presti	—	$126,879	$122,835	$116,985	$114,132	$121,511

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps schools implement programs for real-world student learning activities.

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Provided by the organization

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1 program · $2.9M · in their own filed words · FY2024

01

The organization provided three signature activities to the students in the program as part of the youth business summit - the international trade show, the national business plan competition and the global business challenge. More than 22,000 students participated and or served through these activities.

$2.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

New York Life FoundationFY2024$250K

Massachusetts Higher Education Assistance CorporationFY2024$200K

American Dreams an Advisor Group Foundation INCFY2024$75K

The New York Community TrustFY2024$70K

Charities Aid Foundation AmericaFY2024$40K

Morgan Stanley Global Impact Funding Trust INCFY2024$35K

The Goldman Sachs Charitable Gift FundFY2024$28K

Cross River Community FoundationFY2024$20K

Total grants receivedfrom 11 funders$758K

See all 11 funders →

Grants paid · 16 grants · $343K · 2020–2024

Unitemized GrantFY2024$40,000

Unitemized GrantFY2023$36,000

Brooklyn Academy of Global FinanceFY2022$12,999

Piper High SchoolFY2022$10,000

Cs Brown High School StemFY2022$10,000

Dos Palos High SchoolFY2022$10,000

Unitemized GrantFY2022$9,650

West Hempstead UfsdFY2022$6,000

Patchogue-Medford High SchoolFY2022$6,000

Carpinteria Unified School DistrictFY2021$13,000

Greater Johnstown School DistrictFY2020$50,000

Washoe County School District Opeb TrustNV · FY2020$39,000

DC Public Education FundDC · FY2020$25,000

Dallas Education FoundationTX · FY2020$25,000

California Community FoundationCA · FY2020$25,000

The Oakland Public Education FundCA · FY2020$25,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.7M

Ln 12

Fees for servicesLn 2g$2.0M

Gifts and grantsLn 1h$1.8M

Investment incomeLn 3$7K

Money outPt IX

$3.9M

Ln 25

Programscol B$2.9M

Managementcol C$434K

Fundraisingcol D$584K

Owns and owesPt X

$868K

net assets · Ln 32

Cash and savingsLn 1–2$250K

Total assetsLn 16$1.4M

LiabilitiesLn 26$533K

PeoplePt VI, VII

34

listed · VII A

PaidVII A7

Voting boardVI 1a28

IndependentVI 1b27

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.8M

Fundraising eventsLn 1c$540K

Fees for servicesLn 2g$2.0M

Investment incomeLn 3$7K

Total revenueLn 12$3.7M

Assets in detailPt X, end of year

CashLn 1$33K

SavingsLn 2$216K

Cash and savings togetherLn 1–2$250K

Land, buildings, equipmentLn 10c$174K

Total assetsLn 16$1.4M

LiabilitiesLn 26$533K

Net assetsLn 32$868K

OperationsPt I, VI

EmployeesI 537

VolunteersI 6643

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$527K	$250K
Land, buildings, equipmentLn 10c	$171K	$174K
Total assetsLn 16	$1.6M	$1.4M
LiabilitiesLn 26	$556K	$533K
Net assetsLn 32	$1.1M	$868K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$40K	$40K
Pay of current officers, directors and key staffLn 5	$619K	$308K	$188K	$124K
Other salaries and wagesLn 7	$1.5M	$1.1M	$102K	$277K
Other employee benefitsLn 9	$111K	$80K	$9K	$22K
Payroll taxesLn 10	$189K	$128K	$26K	$36K
Accounting feesLn 11c	$129K	$106K	$21K	$3K
Other fees for servicesLn 11g	$245K	$201K	$39K	$5K
Advertising and promotionLn 12	$41K			$41K
Office expensesLn 13	$202K	$129K	$30K	$43K
Information technologyLn 14	$2K		$2K
OccupancyLn 16	$17K	$11K	$1K	$4K
TravelLn 17	$43K	$36K	$419	$6K
Conferences, conventions and meetingsLn 19	$27K	$26K		$1K
InterestLn 20	$1K		$1K
Depreciation, depletion and amortizationLn 22	$110K	$110K
InsuranceLn 23	$23K	$9K	$10K	$5K
Other expenses (24a–d)Ln 24	$625K	$603K	$4K	$18K
Total functional expensesLn 25	$3.9M	$2.9M	$434K	$584K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$3.7M	$3.9M	−$191K	$868K	990 PDF
FY2024	$3.9M	$4.1M	−$214K	$1.1M	990 PDF
FY2023	$3.2M	$4.0M	−$774K	$1.3M	990 PDF
FY2022	$3.0M	$3.6M	−$560K	$2.1M	990 PDF
FY2021	$3.3M	$2.6M	$670K	$2.6M	990 PDF
FY2020	$3.0M	$2.7M	$340K	$1.9M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $3,718,136 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,064,508$1,817,887

I-9 Program service revenuePrior year $1,878,139$2,045,663

I-10 Investment incomePrior year $16,704$7,392

I-11 Other revenuePrior year −$33,562−$152,806

I-12 Total revenuePrior year $3,925,789$3,718,136

I-13 Grants and similar amounts paidPrior year $55,100$40,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $2,548,950$2,406,235

I-16a Professional fundraising feesPrior year $55,000$0

I-17 Other expensesPrior year $1,480,863$1,462,985

I-18 Total expensesPrior year $4,139,913$3,909,220

I-19 Revenue less expensesPrior year −$214,124−$191,084

Part VI · Governance 27 of 28 board members independent, no flags

VI-1a Voting members of the governing body28

VI-1b Independent voting members27

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $3,718,136 across 8 lines filed

VIII-1c Fundraising events$539,531

VIII-1f All other contributions, gifts and grants$1,278,356

VIII-1h Total contributions, gifts and grants$1,817,887

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,045,663$2,045,663

VIII-3 Investment incomeExcluded from tax $7,392$7,392

VIII-8 Net income from fundraising eventsExcluded from tax −$153,301−$153,301

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $495$495

VIII-12 Total revenueRelated to mission $2,045,663 · Unrelated business $0 · Excluded from tax −$145,414$3,718,136

Part IX · Statement of functional expenses $3,909,220 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $40,000$40,000

IX-5 Pay of current officers, directors and key staffPrograms $307,573 · Management $187,988 · Fundraising $123,895$619,456

IX-7 Other salaries and wagesPrograms $1,107,573 · Management $102,340 · Fundraising $276,836$1,486,749

IX-9 Other employee benefitsPrograms $79,826 · Management $9,118 · Fundraising $21,608$110,552

IX-10 Payroll taxesPrograms $127,783 · Management $25,595 · Fundraising $36,100$189,478

IX-11c Accounting feesPrograms $105,603 · Management $20,518 · Fundraising $2,639$128,760

IX-11g Other fees for servicesPrograms $200,567 · Management $38,970 · Fundraising $5,012$244,549

IX-12 Advertising and promotionFundraising $40,721$40,721

IX-13 Office expensesPrograms $128,678 · Management $30,474 · Fundraising $42,821$201,973

IX-14 Information technologyManagement $2,416$2,416

IX-16 OccupancyPrograms $11,240 · Management $1,104 · Fundraising $4,194$16,538

IX-17 TravelPrograms $36,080 · Management $419 · Fundraising $6,075$42,574

IX-19 Conferences, conventions and meetingsPrograms $25,520 · Fundraising $1,125$26,645

IX-20 InterestManagement $1,201$1,201

IX-22 Depreciation, depletion and amortizationPrograms $109,728$109,728

IX-23 InsurancePrograms $8,545 · Management $9,523 · Fundraising $5,042$23,110

IX-24 Other expenses (24a–d)Programs $602,772 · Management $4,039 · Fundraising $17,959$624,770

IX-25 Total functional expensesPrograms $2,891,488 · Management $433,705 · Fundraising $584,027$3,909,220

Part X · Balance sheet $1,400,883 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $215,222$33,471

X-2 Savings and temporary cash investmentsStart of year $312,249$216,479

X-3 Pledges and grants receivableStart of year $922,326$969,360

X-9 Prepaid expenses and deferred chargesStart of year $26,996$7,350

X-10c Land, buildings and equipment, netStart of year $170,900$174,223

X-16 Total assetsStart of year $1,647,693$1,400,883

X-17 Accounts payable and accrued expensesStart of year $501,145$466,772

X-19 Deferred revenueStart of year $25,740$38,790

X-25 Other liabilitiesStart of year $29,420$27,600

X-26 Total liabilitiesStart of year $556,305$533,162

X-27 Net assets without donor restrictionsStart of year $626,388$19,207

X-28 Net assets with donor restrictionsStart of year $465,000$848,514

X-32 Total net assets or fund balancesStart of year $1,091,388$867,721

X-33 Total liabilities and net assetsStart of year $1,647,693$1,400,883

Part XI · Reconciliation of net assets $867,721 net assets at year end

XI-1 Total revenue$3,718,136

XI-2 Total expenses$3,909,220

XI-3 Revenue less expenses−$191,084

XI-4 Net assets at start of year$1,091,388

XI-9 Other changes in net assets−$32,583

XI-10 Net assets at end of year$867,721

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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