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Virtu FY2024 filing

Tax-deductible

Renton, WA501(c)(3)International EIN 83-1711448Revenue $279K in FY2024

On file with the IRSvirtuinc.org14414 Se 184th Pl, 98058-9338 · Renton, WATax-exempt since May 2019Publicly supported — 509(a)(2)

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Virtu works to empower impoverished children and young adults to achieve lifelong success through long-term health, education and welfare initiatives.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $663 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $35K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$279K
+2% vs prior year
Spent
$289K
To programs
100%
Net assets
$142K
By yearFY2021–FY2025
Revenue
$279K
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$262K
FY2022$310K
FY2023$273K
FY2024$279K
FY2025$332K
Expenses
$289K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$237K
FY2022$321K
FY2023$267K
FY2024$289K
FY2025$345K
Net assets
$142K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2021$157K
FY2022$146K
FY2023$151K
FY2024$142K
FY2025$128K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $289K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Virtu executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers impoverished youth with long-term health, education, and welfare for lifelong success.

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Provided by the organization

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3 programs · $289K · in their own filed words · FY2023
01

Virtu supports the educational, welfare and health needs of the children at the children's homes run by SAN. All of Virtu's revenue is from contributions, gifts grants. We do not receive any revenue from our program services.

$148Kprogram expense
02

Virtu works with organizations to help raise funds and provide resources to Sociedad Amigos de los Ninos (SAN) for capital and administrative projects within the umbrella programs that SAN runs. All of Virtu's revenue is from contributions, gifts grants. We do not receive any revenue from our program services.

$73Kprogram expense
03

Virtu supports the educational, welfare and health needs of the children at the various other international programs. All of Virtu's revenue is from contributions, gifts grants. We do not receive any revenue from our program services.

$68Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
The Minneapolis FoundationFY2024$16K
American Online Giving Foundation INCFY2024$13K
Fidelity Investments Charitable Gift FundFY2024$6K
Total grants receivedfrom 3 funders$35K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$279K
Ln 12
Gifts and grantsLn 1h$279K
Money outPt IX
$289K
Ln 25
Programscol B$289K
Owns and owesPt X
$142K
net assets · Ln 32
Cash and savingsLn 1–2$139K
Total assetsLn 16$142K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$279K
Government grantsLn 1e$0
Noncash giftsLn 1g$10K
Fundraising eventsLn 1c$0
Total revenueLn 12$279K
Assets in detailPt X, end of year
CashLn 1$139K
Cash and savings togetherLn 1–2$139K
Other assetsLn 15$3K
Total assetsLn 16$142K
LiabilitiesLn 26$0
Net assetsLn 32$142K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$150K$139K
Total assetsLn 16$151K$142K
LiabilitiesLn 26$0$0
Net assetsLn 32$151K$142K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$288K$288K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$289K$289K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $332K$345K−$13K$128K 990 PDF
FY2024 Viewing $279K$289K−$10K$142K 990 PDF
FY2023 $273K$267K$5K$151K 990 PDF
FY2022 $310K$321K−$11K$146K 990 PDF
FY2021 $262K$237K$25K$157K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $279,031 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $272,632$279,031
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $272,632$279,031
I-13 Grants and similar amounts paidPrior year $266,184$287,849
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,166$1,028
I-18 Total expensesPrior year $267,350$288,877
I-19 Revenue less expensesPrior year $5,282−$9,846
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $279,031 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$279,031
VIII-1g Noncash contributions (included above)$10,078
VIII-1h Total contributions, gifts and grants$279,031
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$279,031
Part IX · Statement of functional expenses $288,877 across 2 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $287,849$287,849
IX-24e All other expensesPrograms $1,028$1,028
IX-25 Total functional expensesPrograms $288,877 · Management $0 · Fundraising $0$288,877
Part X · Balance sheet $141,622 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $149,730$138,983
X-15 Other assetsStart of year $1,738$2,639
X-16 Total assetsStart of year $151,468$141,622
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $7,092$7,351
X-28 Net assets with donor restrictionsStart of year $144,376$134,271
X-32 Total net assets or fund balancesStart of year $151,468$141,622
X-33 Total liabilities and net assetsStart of year $151,468$141,622
Part XI · Reconciliation of net assets $141,622 net assets at year end
XI-1 Total revenue$279,031
XI-2 Total expenses$288,877
XI-3 Revenue less expenses−$9,846
XI-4 Net assets at start of year$151,468
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$141,622

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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