New York · Nonprofit
VIRTUAL ENTERPRISES INTERNATIONAL INC
VIRTUAL ENTERPRISES INTERNATIONAL INC (New York) receives grants from 36 organizations whose IRS filings report $3,440,651 to it, the largest being NEW YORK LIFE FOUNDATION ($1,800,000). 22 of them have funded it in more than one year.
- Revenue FY2025
- $3.7M
- Funders on record
- 36
- Grants received
- $3.4M
- Net assets
- $868k
What Virtual Enterprises International Inc does
Mission
To provide schools and school districts with strategies for implementing the vei program, an applied learning instructional model for career readiness, entrepreneurship, financial literacy, economics, business, and technology. In addition, the organization will provide schools and school districts with opportunities for students to engage in real-world learning activities such as internships, business plan competitions, trade shows, and professional workshops.
As stated on its FY2025 Form 990.
Program
The organization provided three signature activities to the students in the program as part of the youth business summit - the international trade show, the national business plan competition and the global business challenge. More than 22,000 students participated and or served through these activities.
$2,891,488 spentof which $40,000 as grants$2,045,663 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $2,891,488.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $3.1M to $2.4M (−25%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 10% · 2022 10% · 2024 9%. Grants only. Government contracts and fees sit inside program revenue.
49% of VIRTUAL ENTERPRISES INTERNATIONAL INC’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Tom Smith
President & CEO
Board chair
Sandra Krasnoff
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 5 funders to 13 funders, grant income rose $39k → $535k.
18 of 36 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 27% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of VIRTUAL ENTERPRISES INTERNATIONAL INC’s funders (the co-funder graph). Top 30 of 36 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
VIRTUAL ENTERPRISES INTERNATIONAL INC leans on a few funders — its largest provides 52% of grant income and the top three 66%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
33% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VIRTUAL ENTERPRISES INTERNATIONAL INC.
Largest funder’s share by year: 2017 39% · 2018 79% · 2019 85% · 2020 81% · 2021 43% · 2022 53% · 2023 47% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
31% of VIRTUAL ENTERPRISES INTERNATIONAL INC's funders are still giving 3 years after their first grant; 61% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
79% of VIRTUAL ENTERPRISES INTERNATIONAL INC's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $919k arriving through sponsors registered in 14 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
VIRTUAL ENTERPRISES INTERNATIONAL INC's funding base is broadening — from 5 funders to 13 as grant income climbed.
this organization peer median middle 50% of peers· 9,615 education nonprofits $1M–$10M, FY2025
Organizations like VIRTUAL ENTERPRISES INTERNATIONAL INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
74% of spending goes to programs.
Governance
Public support
95%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 29 states
Screen this organization
A dated, signed PDF of the compliance screen for VIRTUAL ENTERPRISES INTERNATIONAL INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds VIRTUAL ENTERPRISES INTERNATIONAL INC?
- VIRTUAL ENTERPRISES INTERNATIONAL INC (New York) receives grants from 36 organizations whose IRS filings report $3,440,651 to it, the largest being NEW YORK LIFE FOUNDATION ($1,800,000). 22 of them have funded it in more than one year.
- How many funders does VIRTUAL ENTERPRISES INTERNATIONAL INC have?
- IRS filings report 36 organizations giving $3,440,651 in grants to VIRTUAL ENTERPRISES INTERNATIONAL INC, 22 of which have funded it in more than one year.
- Who is the largest funder of VIRTUAL ENTERPRISES INTERNATIONAL INC?
- NEW YORK LIFE FOUNDATION is the largest funder on record, with $1,800,000 in grants. The full list of funders is on this page.
- How can an organization like VIRTUAL ENTERPRISES INTERNATIONAL INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 36 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing