Nonprofit · EIN 51-0427657
THE VII FOUNDATION INC
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $1,897,206 | $2,269,726 | -$372,520 | $3,728,224 | $1,009,192 | $2,719,032 |
| December 31, 2023 | 990 (amended) | $1,124,715 | $1,875,874 | -$751,159 | $2,391,084 | $56,465 | $2,334,619 |
| December 31, 2022 | 990 (amended) | $1,842,485 | $2,434,617 | -$592,132 | $3,146,719 | $72,884 | $3,073,835 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,751,085
- Program service revenue
- $8,877
- Investment income
- $2,565
- Net gain from sales of assets
- $2,565
- Other revenue
- $134,679
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $218,600
- Other salaries and wages
- $258,709
- Salaries, compensation and benefits (total)
- $584,318
- Professional fundraising fees
- $17,582
- Accounting fees
- $15,087
- Occupancy
- $75,758
- Travel
- $112,304
- Depreciation
- $579,732
- Program services (functional)
- $1,674,163
- Management and general (functional)
- $386,450
- Fundraising (functional)
- $209,113
Balance sheet and other
- Total assets, start of year
- $2,391,084
- Total assets, end of year
- $3,728,224
- Total liabilities, end of year
- $1,009,192
- Net assets, end of year
- $2,719,032
- Land, buildings and equipment
- $1,519,463
- Net assets without donor restrictions
- $1,785,863
- Net assets with donor restrictions
- $933,169
- Gross receipts
- $1,897,206
- Employees
- 5
- Year formed
- 2001
- State of legal domicile
- NY
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 |
|---|---|---|---|
| GARY KNIGHT | DIRECTOR Officer | 40 | $175,200 |
| RON JACQUES | DIRECTOR Officer | 30 | $43,400 |
| WHITNEY BOWER | TRUSTEE Trustee or director | 5 | $0 |
| MEREDITH DEWITT | TRUSTEE Trustee or director | 5 | $0 |
| BALKRISHAN GILL | TRUSTEE Trustee or director | 5 | $0 |
| THAO GRIFFITHS | TRUSTEE Trustee or director | 5 | $0 |
| JUSTIN MCKIE | TRUSTEE Trustee or director | 5 | $0 |
| TANVI MISHRA | TRUSTEE Trustee or director | 5 | $0 |
| TED NELSON | TRUSTEE Trustee or director | 5 | $0 |
| ANDREW REID | CHAIR OF BOA Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY KNIGHT | DIRECTOR Officer | 40 | $219,000 |
| RON JACQUES | DIRECTOR Officer | 30 | $62,000 |
| WHITNEY BOWER | TRUSTEE Trustee or director | 5 | $0 |
| MEREDITH DEWITT | TRUSTEE Trustee or director | 5 | $0 |
| BALKRISHAN GILL | TRUSTEE Trustee or director | 5 | $0 |
| THAO GRIFFITHS | TRUSTEE Trustee or director | – | $0 |
| JUSTIN MCKIE | TRUSTEE Trustee or director | 5 | $0 |
| TANVI MISHRA | TRUSTEE Trustee or director | 5 | $0 |
| TED NELSON | TRUSTEE Trustee or director | 5 | $0 |
| ANDREW REID | CHAIR OF BOA Trustee or director | 5 | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY KNIGHT | DIRECTOR Trustee or director, Officer | 40 | $219,000 |
| RON JACQUES | DIRECTOR Trustee or director, Officer | 30 | $62,000 |
| WHITNEY BOWER | TRUSTEE Trustee or director | 5 | $0 |
| DR SIMBA GILL | TRUSTEE Trustee or director | 5 | $0 |
| JENNIFER STENGAARD GROSS | TRUSTEE Trustee or director | 5 | $0 |
| JUSTIN MCKIE | TRUSTEE Trustee or director | 5 | $0 |
| TED NELSON | TRUSTEE Trustee or director | 5 | $0 |
| ANDREW REID | CHAIR OF BOA Trustee or director, Officer | 5 | $0 |
| ANDREW TURNER | CHAIR Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 429 W45TH STREET, NEW YORK, NY 10036-3504
- In care of
- % RON JACQUES
- Mailing address (990-N for 2011)
- 429 W 45TH ST, NEW YORK NY 10036
- Principal officer (990 for 2024)
- RON JACQUES, 429 W 45TH STREET, NEW YORK, NY 10036
- Principal officer (990-N for 2011)
- RON JAQUES, 429 W 45TH ST, NEW YORK NY 10036
- Signed the 990
- RON JACQUES, DIRECTOR
- Phone
- (917) 385-9288
- Website
- WWW.THEVIIFOUNDATION.ORG
- Return prepared by
- BKC CPAS PC
Mission
THE VII FOUNDATION'S MISSION IS TO TRANSFORM VISUAL JOURNALISM BY EMPOWERING NEW VOICES AND CREATING STORIES THAT ADVOCATE CHANGE. IN A WORLD WHERE BELIEFS AND ACTIONS ARE INCREASINGLY OUT-OF-SYNC WITH FACTS AND REALITIES, TRANSFORMING VISUAL JOURNALISM IS AN URGENT TASK.
Program accomplishments
- AS THE EDUCATIONAL WING OF THE VII FOUNDATION, VII ACADEMY PROMOTES, TEACHES, AND FOSTERS HIGH QUALITY JOURNALISM. VII ACADEMY PROVIDES REAL- WORLD, TUITION-FREE TRAINING AND PRACTICE AS A NEW GENERATION OF JOURNALISTS AND VISUAL PRACTITIONERS BUILD A CONTEMPORARY GLOBAL MEDIA ENVIRONMENT. IT TEACHES AND MENTORS VISUAL JOURNALISTS ACROSS MEDIA PRACTICE, PHOTOJOURNALISM, ETHICS, AND MEDIA ENTREPRENEURSHIP, THEREBY ENABLING IN THE LONG TERM A CULTURE WHERE THE INFORMATION NARRATIVE IS DEMOCRATIZED.Expenses $502,249 · revenue $8,877
- THE PEACE PROJECT EXPLORES THE CONDITIONS OF PEACE PROCESSES IN LEBANON, NORTHERN IRELAND, BOSNIA, RWANDA, INDOCHINA, AND COLOMBIA. LEADING PHOTOGRAPHERS AND WRITERS OF WAR WILL RETURN TO THOSE COUNTRIES WHERE THEY FIRST REPORTED DURING CONFLICT. OTHERS WHO LIVED THROUGH WAR WILL ADD THEIR VOICES TO THE PROJECT. PROJECT WILL EXAMINE FAILURES AND SUCCESSES OF THE PAST TO BUILD PEACE THAT WILL ENDURE INTO THE FUTURE. THE PEACE PROJECT IS A BOOK, EXHIBITION, EDUCATION, AND ADVOCACY PROJECT.Expenses $251,124
- VII INSIDER IS A FREE ONLINE PLATFORM THAT TAKES THE GENERAL PUBLIC INSIDE THE PROFESSION OF VISUAL JOURNALISM TO ADVANCE THE PRODUCTION AND ANALYSIS OF NEW STORIES. VII INSIDER OFFERS REGULAR LIVE PRESENTATIONS, A VIDEO COLLECTION OF PREVIOUS EVENTS AND PUBLISHES WRITING ON THE ROLE OF IMAGES IN ITS BLOG, DISPACHES.Expenses $251,124
- GRANTS TO ORGANIZATIONS SUPPORTING THE MISSION OF THE VII ASSOCIATION, INC. PROJECT TO ARCHIVE IMAGES FROM THE PUBLIC'S LOST ROLLS OF FILM LOST ROLLS AMERICA LOST ROLLS AMERICA ENSURES THE CREATION OF A NATIONAL ARCHIVE OF IMAGES FROM THE PUBLIC'S LOST ROLLS OF FILM, AND ACTS AS A DIGITAL REPOSITORY OF VISUAL MEMORIES. EQUITY FROM THE FRONTLINES IN PARTNERSHIP WITH THE CENTER FOR HEALTH EQUITY OF THE NYC HEALTH DEPARTMENT AND COMMUNITY STAKEHOLDERS, PHOTOGRAPHERS FROM VII FOUNDATION DOCUMENTED COMMUNITY HEALTH WORKERS WORKING WITH RESIDENTS LIVING IN NYC NEIGHBORHOODS THAT HAVE EXPERIENCED STRUCTURAL RACISM AND HAVE BEEN MARKED BY DISINVESTMENT. MILLENNIUM VILLAGES PROJECT- BUS TOURS TO EDUCATE 8TH -12TH GRADES VII INSIDER PROMOTES DEBATE AND DISCUSSION TO ADVANCE THE PRODUCTION AND ANALYSIS OF DOCUMENTARY STORIES ADDRESSING COMPLEX SOCIAL, ECONOMIC, ENVIRONMENTAL AND HUMAN RIGHTS ISSUES.Expenses $669,666
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 | 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
- 51-0427657
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $3,728,224
- Income (IRS master file)
- $1,897,206
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,897,206 | $2,269,726 | $3,728,224 | XML |
| 990 | December 2023 | $1,124,715 | $1,875,874 | $2,391,084 | XML |
| 990 | December 2022 | $1,842,485 | $2,434,617 | $3,146,719 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: RON JAQUES | December 31, 2011 | ≤ $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 51-0427657).
Questions about THE VII FOUNDATION INC
- What is the EIN of THE VII FOUNDATION INC?
- The employer identification number (EIN) of THE VII FOUNDATION INC is 51-0427657.
- Is THE VII FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to THE VII FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE VII 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 THE VII FOUNDATION 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 THE VII FOUNDATION 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 THE VII FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names RON JACQUES.
- Who are the officers and directors of THE VII FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $175,200 (GARY KNIGHT, DIRECTOR).
- How much revenue does THE VII FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,897,206, expenses of $2,269,726 and total assets of $3,728,224 at year end.
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