Nonprofit · EIN 81-2781882
VIRTUAL PROPERTIES
Tax-exempt · MINNEAPOLIS, MN 55417
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $559,119 | $961,772 | -$402,653 | $6,679,795 | $7,473,163 | -$793,368 |
| June 30, 2024 | 990 | $524,510 | $562,816 | -$38,306 | $6,996,775 | $7,387,490 | -$390,715 |
| June 30, 2023 | 990 | $521,635 | $205,182 | $316,453 | $7,034,719 | $7,387,128 | -$352,409 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $512,115
- Investment income
- $47,004
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $357,966
- Depreciation
- $214,151
- Program services (functional)
- $961,772
Balance sheet and other
- Total assets, start of year
- $6,996,775
- Total assets, end of year
- $6,679,795
- Total liabilities, end of year
- $7,473,163
- Net assets, end of year
- -$793,368
- Land, buildings and equipment
- $5,966,121
- Gross receipts
- $559,119
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- MN
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jeffrey Bartleet | Board Chair Trustee or director, Officer | 2 | $0 | $42,610 | $5,906 |
| Beth Samy | Secretary Trustee or director, Officer | 2 | $0 | $1,020 | $89 |
| Phyllis Kapetanakis | Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tim Tydlacka | Board Chair Trustee or director, Officer | 40 | $46,104 | $4,123 |
| Beth Samy | Secretary Trustee or director, Officer | 2 | $1,785 | $156 |
| Phyllis Kapetanakis | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Nick Rice | Secretary Trustee or director, Officer | 1 | $99,899 | $13,223 |
| Beth Samy | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Phyllis Kapetanakis | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3810 E 56TH ST, MINNEAPOLIS, MN 55417-2218
- In care of
- % DAVID GLICK
- Principal officer (990 for 2024)
- Jeffrey Bartlett, 3810 E 56th Street, Minneapolis, MN 55417
- Signed the 990
- Jeffrey Bartlett, Board Chair
- Phone
- (651) 523-7170
- Return prepared by
- Robert Reese Procaccini CPA
Mission
To provide facility space for lease to the related organization Cyber Village Academy
Program accomplishments
- To provide facility space for lease to the related organization Cyber Village AcademyExpenses $961,772
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2781882
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $6,679,795
- Income (IRS master file)
- $559,119
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $559,119 | $961,772 | $6,679,795 | IRS |
| 990 | June 2024 | $524,510 | $562,816 | $6,996,775 | IRS |
| 990 | June 2023 | $521,635 | $205,182 | $7,034,719 | XML |
| 990 | June 2022 | $0 | $666,762 | $6,700,854 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 81-2781882).
Questions about VIRTUAL PROPERTIES
- What is the EIN of VIRTUAL PROPERTIES?
- The employer identification number (EIN) of VIRTUAL PROPERTIES is 81-2781882.
- Is VIRTUAL PROPERTIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to VIRTUAL PROPERTIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does VIRTUAL PROPERTIES 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 VIRTUAL PROPERTIES due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRTUAL PROPERTIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRTUAL PROPERTIES?
- The 990 for the year ended June 30, 2025 names Jeffrey Bartlett.
- Who are the officers and directors of VIRTUAL PROPERTIES?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does VIRTUAL PROPERTIES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $559,119, expenses of $961,772 and total assets of $6,679,795 at year end.
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