Nonprofit · EIN 86-1407670
VIRTUES MATTER INC
Tax-exempt · KENSINGTON, MD 20895
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $38,390 | $39,750 | -$1,360 | $156,894 | $139,992 | $16,902 |
| December 31, 2023 | 990 | $112,221 | $127,349 | -$15,128 | $156,939 | $138,677 | $18,262 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $38,390
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $33,271
- Management and general (functional)
- $3,979
- Fundraising (functional)
- $2,500
Balance sheet and other
- Total assets, start of year
- $156,939
- Total assets, end of year
- $156,894
- Total liabilities, end of year
- $139,992
- Net assets, end of year
- $16,902
- Gross receipts
- $38,390
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAUNA KING | VICE CHAIR Trustee or director | 1 | $0 |
| RACHEL SULLIVAN | TREASURER Trustee or director | 1 | $0 |
| ARJUN CHANMUGAM | SECRETARY Trustee or director, Officer | 1 | $0 |
| SHARON EBLAGHIE BAHADOR | BOARD MEMBER Trustee or director | 1 | $0 |
| JASON HINER | BOARD MEMBER Trustee or director | 3 | $0 |
| DARA FELDMAN | PRESIDENT AND CEO Trustee or director, Officer | 10 | $0 |
| DAVID B FELDMAN | EXECUTIVE DIRECTOR Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARA FELDMAN | PRESIDENT AND CEO Trustee or director, Officer | 30 | $63,333 |
| DAVID B FELDMAN | EXECUTIVE DIRECTOR Trustee or director, Officer | 12 | $32,667 |
| SHAUNA KING | VICE CHAIR Trustee or director | 3 | $0 |
| RACHEL SULLIVAN | TREASURER Trustee or director | 3 | $0 |
| ARJUN CHANMUGAM | SECRETARY Trustee or director, Officer | 3 | $0 |
| SHARON EBLAGHIE BAHADOR | BOARD MEMBER Trustee or director | 3 | $0 |
| JASON HINER | BOARD MEMBER Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 11223 ORLEANS WAY, KENSINGTON, MD 20895-1016
- Principal officer (990 for 2024)
- DAVID D FELDMAN, 11223 ORLEANS WAY, KENSINGTON, MD 20895
- Signed the 990
- DAVID D FELDMAN, EXECUTIVE DIRECTOR
- Phone
- (301) 949-0414
- Website
- WWW.VIRTUESMATTER.ORG
- Return prepared by
- DONALD PARIS CPA LLC
Mission
IS DEDICATED TO PROVIDING EDUCATION TO PEOPLE OF ALL BACKGROUNDS TO CULTIVATE AND APPLY VITRTUES IN ALL ASPECTS OF THEIR LIFE
Program accomplishments
- 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.THIS GRANT WAS COMPLETED AND ENDED IN 2023.0
- VIRTUES MATTER SUPPORTS THE WAYFARER FOUNDATION AND THE COMMUNITY THEY SERVE THROUGH A SERIES OF LEADERSHIP AND TEAM DEVELOPMENT WORKSHOPS. OUR PRIMIARY GOAL IS TO SUPPORT A COHORT OF SELECT NOT FOR PROFIT ORGANIZATIONS USING THE "FIVE STRATEGIES" OF THE VIRTUES PROJECT TO INSPIRE, AMONG OTHER THINGS, (A) HOPE, (B) CREATE A CLIMAE OF JUSTICE AND UNITY, AND (C) OFFER TOOLS AND STRATEGIES THAT HELP BUILD COMMUNIITIES OF CARING AND CHARACTER.Expenses $24,934 · revenue $28,130
- 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 LEARNINGExpenses $8,337 · revenue $10,260
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not 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
- 86-1407670
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $156,894
- Income (IRS master file)
- $38,390
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $38,390 | $39,750 | $156,894 | IRS |
| 990 | December 2023 | $112,221 | $127,349 | $156,939 | XML |
| 990 | December 2022 | $133,501 | $139,801 | $237,936 | IRS |
| 990 | December 2021 | – | – | – | 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 86-1407670).
Questions about VIRTUES MATTER INC
- What is the EIN of VIRTUES MATTER INC?
- The employer identification number (EIN) of VIRTUES MATTER INC is 86-1407670.
- Is VIRTUES MATTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to VIRTUES MATTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRTUES MATTER INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of VIRTUES MATTER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRTUES MATTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VIRTUES MATTER INC?
- The 990 for the year ended December 31, 2024 names DAVID D FELDMAN.
- Who are the officers and directors of VIRTUES MATTER INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does VIRTUES MATTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $38,390, expenses of $39,750 and total assets of $156,894 at year end.
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