Virtual World Society
- Assets
- $38.1k
- Revenue
- $282.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 81-2112603
Organization Overview
Virtual World Society is located in Seattle, WA. The organization was established in 2016. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virtual World Society 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 12/2022, Virtual World Society generated $282.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $253.9k during the year ending 12/2022. While expenses have increased by 18.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLSPARK - COLLABORATION WITH LOCAL PARTNER ORGANIZATIONS TO HELP UPSKILL FAMILIES THROUGH THE USE OF IMMERSIVE TECHNOLOGIES. PARTNER ORGANIZATIONS MET REGULARLY TO DISCUSS HOW TO COORDINATE TRAINING FOR FAMILIES.
HOMESPARK - UPSKILLING FAMILIES THROUGH THE USE OF IMMERSIVE TECHNOLOGIES. SUPPORTING THEIR PARTICIPATION IN TRAININGS AND SOCIAL EVENTS.
NEWSLETTER - QUARTERLY NEWSLETTER. DISSEMINATION OF NEWS EDUCATIONAL MATERIALS AND ANNOUNCEMENTS TO THE COMMUNITY CONCERNING THE ACTIVITY OF THE SOCIETY AND OTHER ALIGNED ORGANIZATIONS.
EVENTS - FIRESIDE CHATS AND COMMUNITY MEETUPS - MONTHLY EVENTS THAT PROVIDE ACCESS TO HIGH-PROFILE EXPERTS AND THOUGHT LEADERS AND FACILITATE INTERACTION AND COLLABORATION BETWEEN MEMBERS OF THE VWS COMMUNITY OF CONTENT DEVELOPERS AND CREATORS WORKING TO USE VIRTUAL WORLDS FOR HUMANITARIAN ENDS. INCLUDES DISSEMINATION OF NEWS KNOWLEDGE AND RECENT SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Furness Chairman | 10 | $0 | |
Mark Billinghurst Director | 1 | $0 | |
Trond Nilsen Vice Chairman | 3 | $0 | |
Christopher Lafayette Director | 1 | $0 | |
Alvin Graylin Director | 1 | $0 | |
Daniel Dyboski Bryant Executive Director | 30 | $51,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $282,680 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25 |
| Total Revenue | $282,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $151,600 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,582 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,768 |
| Total operating and administrative expenses | $253,863 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $253,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,766 |
| Savings and temporary cash investments | $291 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,057 |
| Accounts payable and accrued expenses | $52 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $52 |