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Virtual Properties

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 812781882 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Virtual Properties?

Virtual Properties is a nonprofit organization situated in Minneapolis, Minnesota, with an address at 3810 E 56th Street. Their primary mission is to offer facility space for lease to a related organization, specifically Cyber Village Academy, which operates as a tax-exempt charter school. This nonprofit's purpose is to provide an educational facility that can be utilized by the charter school, thereby contributing to the educational sector in the community.


Official website here: www.cybervillageacademy.org

Is Virtual Properties legitimate?

Virtual Properties is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virtual Properties submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cybervillageacademy.org

What is the mission statement of Virtual Properties?

Virtual Properties' primary mission is to offer an educational facility for rental or lease to a tax-exempt charter school, specifically Cyber Village Academy, with the intention of supporting their educational activities. The organization's mission is centered around providing facility space to the related organization, thereby enabling the charter school to carry out its educational missions effectively. Virtual Properties does not appear to have a broader societal or community-focused mission statement as provided in the given information.


Official website here: www.cybervillageacademy.org

Who is the CEO of Virtual Properties?

Nicole Rasmussen is the Chair of Virtual Properties.


Official website here: www.cybervillageacademy.org

What is the revenue of Virtual Properties?

Virtual Properties's revenue in 2022 was $0.


Official website here: www.cybervillageacademy.org

Who are the executives of Virtual Properties and what are their salaries?


Here are 3 key members and their salaries:


Nicole Rasmussen (Chair)
  • Compensation: $0
  • Related: $94,088
  • Other: $14,051
Nick Rice (Member)
  • Compensation: $0
  • Related: $77,418
  • Other: $12,369
Beth Samy (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cybervillageacademy.org

Where can I find the form 990 for Virtual Properties?

Virtual Properties's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cybervillageacademy.org

Learn more at the official website: www.cybervillageacademy.org

Mission Statement of Virtual Properties

Virtual Properties is an organization with a mission to offer educational facility space for lease to a tax-exempt charter school, specifically Cyber Village Academy. This mission is aimed at providing a suitable environment for the related organization to operate and deliver quality education. By leasing out its facility space, Virtual Properties contributes to the educational needs of the community, thereby playing a role in promoting learning and development.

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Impact




October, 2024

Virtual Properties plays a significant role in the educational landscape by providing essential facility space for Cyber Village Academy, a tax-exempt charter school. By offering a dedicated and adaptable environment for learning, Virtual Properties supports the mission of enhancing educational opportunities for students.

The impact of Virtual Properties is multi-faceted. Firstly, it addresses the need for physical spaces conducive to learning, which is crucial for the effective delivery of educational services. By leasing facilities specifically tailored for educational purposes, it enables Cyber Village Academy to focus on its core mission of delivering quality education.

Moreover, this arrangement fosters community engagement and promotes alternative educational models, allowing families in Minneapolis more options for schooling that may better fit their children's needs. Virtual Properties thus contributes to a diverse educational ecosystem, enriching the choices available to students and their families.

In summary, the impact of Virtual Properties is reflected in its commitment to improving access to educational facilities, thereby enhancing the overall quality of education within the community.




This information is meant to be a general summary of Virtual Properties. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$0 (2022)
Expenses
$666,762 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

    Assets and Liabilities:

    • Total Assets: $6,700,854
    • Total Liabilities: $7,369,716
    • Net Assets: -$668,862

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    Organization Details

    Founding Year

    2016

    Principal Officer

    Nicole Rasmussen

    Main Address

    3810 E 56th Street, Minneapolis, MN, 55417

    NTEE Category

    Code: B19 - Education

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