Virtues Matter INC FY2021 filing

Tax-deductible

Kensington, MD501(c)(3)Human ServicesEIN 86-1407670Revenue $164K in FY2021

On file with the IRSvirtuesmatter.org11223 Orleans Way, 20895-1016 · Kensington, MDTax-exempt since Jan 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Virtues Matter INC. Mission is dedicated to helping people cultivate Virtues in all areas of their life.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$52K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $4K a year · 4% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 42% of spending
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$158K
80% of total assets
Worth a look: liabilities are 80% of assets; over 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$164K
Spent
$124K
To programs
74%
Net assets
$40K
By yearFY2021–FY2024
Revenue
$164K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$164K
FY2022$134K
FY2023$112K
FY2024$38K
Expenses
$124K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$124K
FY2022$140K
FY2023$127K
FY2024$40K
Net assets
$40K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$40K
FY2022$33K
FY2023$18K
FY2024$17K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2022.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $91K Management & general 24% · $30K Fundraising 2% · $3K

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

7 people listed on the 990; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$27,333Pt VII · Sec A
Executive Director
$24,333Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Dara Feldman’s $63K as President and CEO is at the 90th percentile of top reported officer pay among 202 <$100K human services 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 · 2 named individuals · Part VII

NameFY2023FY2021
Dara Feldman$63,333$27,333
David B Feldman$32,667$24,333

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Helps people develop good character traits in every part of their lives.

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Provided by the organization

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3 programs · $59K · in their own filed words · FY2021
01

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.

$25Kprogram expense
02

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

$18Kprogram expense
03

Washington Deca

Virtues matter worked with students in partnership with washington deca to develop next generation of the tool, "virtues cards app", which was designed by and for high school students to elevate youth mental wellbeing.

$16Kprogram 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
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$164K
Ln 12
Gifts and grantsLn 1h$106K
Fees for servicesLn 2g$58K
Money outPt IX
$124K
Ln 25
Programscol B$91K
Managementcol C$30K
Fundraisingcol D$3K
Owns and owesPt X
$40K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$198K
LiabilitiesLn 26$158K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$106K
Fees for servicesLn 2g$58K
Total revenueLn 12$164K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Other assetsLn 15$155K
Total assetsLn 16$198K
LiabilitiesLn 26$158K
Net assetsLn 32$40K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$0$35K
Total assetsLn 16$0$198K
LiabilitiesLn 26$0$158K
Net assetsLn 32$0$40K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$59K$47K$12K
Management feesLn 11a$17K$14K$3K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$26K$8K$15K$3K
Information technologyLn 14$12K$12K
TravelLn 17$3K$3K
Travel and entertainment for public officialsLn 18$479$479
Conferences, conventions and meetingsLn 19$1K$1K
Total functional expensesLn 25$124K$91K$30K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $38K$40K−$1K$17K 990 PDF
FY2023 $112K$127K−$15K$18K 990 PDF
FY2022 $134K$140K−$6K$33K 990 PDF
FY2021 Viewing $164K$124K$40K$40K 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 FY2021 990 (6 parts)
Part I · Summary $163,653 revenue, 12 lines filed
I-8 Contributions and grants$105,778
I-9 Program service revenue$57,875
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$163,653
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$58,800
I-16a Professional fundraising fees$0
I-17 Other expenses$65,163
I-18 Total expenses$123,963
I-19 Revenue less expenses$39,690
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $163,653 across 4 lines filed
VIII-1f All other contributions, gifts and grants$105,778
VIII-1h Total contributions, gifts and grants$105,778
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,875$57,875
VIII-12 Total revenueRelated to mission $57,875 · Unrelated business $0 · Excluded from tax $0$163,653
Part IX · Statement of functional expenses $123,963 across 8 lines filed
IX-7 Other salaries and wagesPrograms $47,040 · Management $11,760$58,800
IX-11a Management feesPrograms $14,000 · Management $2,900$16,900
IX-11g Other fees for servicesPrograms $6,554$6,554
IX-13 Office expensesPrograms $7,667 · Management $15,334 · Fundraising $2,556$25,557
IX-14 Information technologyPrograms $11,922$11,922
IX-17 TravelPrograms $2,539$2,539
IX-18 Travel and entertainment for public officialsPrograms $479$479
IX-19 Conferences, conventions and meetingsPrograms $1,212$1,212
IX-25 Total functional expensesPrograms $91,413 · Management $29,994 · Fundraising $2,556$123,963
Part X · Balance sheet $197,690 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $0$34,824
X-3 Pledges and grants receivable$7,400
X-15 Other assetsStart of year $0$155,466
X-16 Total assetsStart of year $0$197,690
X-24 Unsecured notes and loans payable$10,000
X-26 Total liabilitiesStart of year $0$158,000
X-32 Total net assets or fund balancesStart of year $0$39,690
X-33 Total liabilities and net assetsStart of year $0$197,690
Part XI · Reconciliation of net assets $39,690 net assets at year end
XI-1 Total revenue$163,653
XI-2 Total expenses$123,963
XI-3 Revenue less expenses$39,690
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$39,690

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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