Nonprofit · EIN 23-2925319
VIRTU FOUNDATION INC
Tax-exempt · CHARLOTTESVLE, VA 22905
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $107,311 | $31,129 | $76,182 | $1,976,444 | $1,003,150 | $973,294 |
| December 31, 2024 | 990 | $41,541 | $28,917 | $12,624 | $0 | $0 | $0 |
| December 31, 2023 | 990 | $82,592 | $49,424 | $33,168 | $2,491,758 | $1,477,290 | $1,014,468 |
| December 31, 2021 | 990 (amended) | $264,231 | $33,359 | $230,872 | $2,012,519 | $1,391,790 | $620,729 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $105,481
- Investment income
- $1,830
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,013
- Program services (functional)
- $31,129
Balance sheet and other
- Total assets, start of year
- $1,832,569
- Total assets, end of year
- $1,976,444
- Total liabilities, end of year
- $1,003,150
- Net assets, end of year
- $973,294
- Publicly traded securities
- $4,222
- Net assets without donor restrictions
- $973,294
- Gross receipts
- $107,311
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1997
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Curtis Peterson | President Officer | 10 | $0 |
| Joel Mostrom | Director Trustee or director | 1 | $0 |
| Anne Chapin | secretary Officer | 5 | $0 |
| Karen Mostrom | Director Trustee or director | 0.1 | $0 |
| Jerry Short | Director Trustee or director | 0.1 | $0 |
| George Leaman | Director Trustee or director | 0.1 | $0 |
| Susanne Groth | Director Trustee or director | 0.1 | $0 |
| Philip borter | Director Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Curtis Peterson | President Officer | 1 | $0 |
| Joel Mostrom | Treasurer Officer | 1 | $0 |
| Anne Chapin | Secretary Officer | 1 | $0 |
| Karen Mostrom | Director Trustee or director | 0 | $0 |
| Jerry Short | Director Trustee or director | 0 | $0 |
| Philip Borter | Director Trustee or director | 0 | $0 |
| George Leaman | Director Trustee or director | 0 | $0 |
| Susanne Mueller-Grote | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Curtis Peterson | President Trustee or director, Officer | 6 | $0 |
| Anne E Chapin | Secretary Trustee or director, Officer | 1 | $0 |
| Joel Mosrrom | Director Trustee or director | 0 | $0 |
| Jerry Short | Director Trustee or director | 0 | $0 |
| Karen Mostrom | Director Trustee or director | 0 | $0 |
| Susanne Mueller-Grote | Director Trustee or director | 0 | $0 |
| George Leaman | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2021: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Curtis Peterson | President Trustee or director, Officer | 10 | $0 |
| Anne E Chapin | Secretary Trustee or director, Officer | 2 | $0 |
| Jerry Short | Director Trustee or director | 1 | $0 |
| George Leaman | Director Trustee or director | 1 | $0 |
| Susanne Mueller-Grote | Director Trustee or director | 2 | $0 |
| Joel Mostrom | Diorector Trustee or director | 1 | $0 |
| Karen Mostrom | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5212, CHARLOTTESVLE, VA 22905-5212
- In care of
- % CURTIS PETERSON
- Mailing address (990-N for 2021)
- PO Box 5212, Charlottesville VA 22905
- Principal officer (990-N for 2021)
- Curtis Peterson, PO Box 5212, Charlottesville VA 22905
- Signed the 990
- Curtis Peterson, President
- Website
- virtufound.org
Mission
Provides, by scholarships, stringed musical instruments to young students whose careers would benefit from having a better instrument +
Program accomplishments
- Provides, by scholarships, stringed musical instruments to young students whose careers would benefit from having a better instrumentExpenses $30,436 · revenue $68,769
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2925319
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $1,976,444
- Income (IRS master file)
- $107,311
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $107,311 | $31,129 | $1,976,444 | XML |
| 990 | December 2024 | $41,541 | $28,917 | $0 | XML |
| 990 | December 2023 | $82,592 | $49,424 | $2,491,758 | XML |
| 990 | December 2022 | $111,236 | $33,620 | $2,131,226 | IRS |
| 990-N for 2021 Officer: Curtis Peterson | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2021 | $264,231 | $33,359 | $2,012,519 | XML |
| 990-N for 2020 Officer: Curtis Peterson | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Curtis Peterson | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2925319).
Questions about VIRTU FOUNDATION INC
- What is the EIN of VIRTU FOUNDATION INC?
- The employer identification number (EIN) of VIRTU FOUNDATION INC is 23-2925319.
- Is VIRTU FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to VIRTU FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRTU FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRTU FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRTU FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VIRTU FOUNDATION INC?
- The 990-N for 2021 names Curtis Peterson.
- Who are the officers and directors of VIRTU FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does VIRTU FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $107,311, expenses of $31,129 and total assets of $1,976,444 at year end.
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All nonprofits in CHARLOTTESVLE · Virginia · Philanthropy, voluntarism and grantmaking foundations