Virgin Unite Usa Inc
- Assets
- $4.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-3963486
Organization Overview
Virgin Unite Usa Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virgin Unite USA Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Virgin Unite USA Inc generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Virgin Unite USA Inc has awarded 70 individual grants totaling $21,428,845. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ENTREPRENEURIAL APPROACHES TO SOCIAL AND ENVRIONMENTAL ISSUES AND ADMINSTRATION OF VARIOUS FUNDRAISING ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE ENTREPRENEURIAL APPROACHES TO SOCIAL AND ENVRIONMENTAL ISSUES AND ADMINSTRATION OF VARIOUS FUNDRAISING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Hunt Morr Director | Officer | $0 | |
Jean Oelwang Officer | Officer | $0 | |
Christine Choi Officer | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kennedy Gachiri Consulting | 12/30/19 | $141,670 |
Racquel Moses Consulting | 12/30/19 | $200,000 |
Karen Sack Consulting | 12/30/19 | $169,371 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,414,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,414,476 |
| Total Program Service Revenue | $0 |
| Investment income | $831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,415,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,253,513 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,054,070 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,393 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,512,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,333,366 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,551,811 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $190,583 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,075,760 |
| Accounts payable and accrued expenses | $31,287 |
| Grants payable | $0 |
| Deferred revenue | $240,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $271,287 |
| Net assets without donor restrictions | $435,216 |
| Net assets with donor restrictions | $3,369,257 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,075,760 |
Grants Awarded
Over the last fiscal year, Virgin Unite Usa Inc has awarded $5,120,871 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: TRACHOMA PREVENTION | $2,952,395 |
Oakland, CA PURPOSE: RURAL COMMUNITY HEAL | $1,120,527 |
LAST MILE HEALTH PURPOSE: RURAL COMMUNITY HEAL | $504,237 |
THE B TEAM PURPOSE: UNRESTRICTED FUNDING | $176,710 |
Washington, DC PURPOSE: OPERATING COSTS | $166,992 |
New York, NY PURPOSE: OPERATING SUPPORT | $42,411 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Virgin Unite Usa Inc has recieved totaling $95,017.
| Awarding Organization | Amount |
|---|---|
Noblelight Foundation Sherman Oaks, CA PURPOSE: GENERAL PURPOSE | $50,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |