V5 INITIATIVE INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
V5 INITIATIVE INC (EIN 52-1734495)
Tax period
2021-09-01 to 2022-08-31
Filed
2023-02-17
IRS object ID
202330489349300513
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-02-17T10:53:15-05:00ReturnTs
Tax Period End2022-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN843629859PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GLUCKSMAN WAN AND TYLER PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11100 N GLEBE RD STE 1010AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP222015786ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521734495EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1V5 INITIATIVE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlV5INBusinessNameControlTxt
Phone2025563603PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 70741AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20016ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCRISTINA V BURELLIPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone2025563603PhoneNum
Signature2023-02-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCRISTINA VPersonFirstNm
Person LastBURELLIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJACK WANPreparerPersonNm
PTINP01281313PTIN
Phone7038284899PhoneNum
Preparation2023-02-15PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCRISTINA V BURELLIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11937 BIRCH RDAddressLine1Txt
CityMCLEANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22101ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$379,792GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.V5INITIATIVE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2019FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionTO LEAD AND SUPPORT BROAD INITIATIVES THAT PROMOTE BETTER AND MORE INFORMED POLICY MAKING AND GOVERNANCE AT THE NATIONAL AND INTERNATIONAL LEVEL. PROMOTE AND EMPOWER THE INVOLVEMENT OF INDIVIDUALS, NGO'S AND THE PRIVATE SECTOR IN MATTERS OF PUBLIC POLICY THROUGH THE DISSEMINATION OF INFORMATION THAT WILL RAISE AWARENESS AND INVITE ACTION. SINCE 2017, V5INITIATIVE HAS FOCUSED ON THE VENEZUELAN HUMANITARIAN, POLITICAL AND ENVIRONMENTAL CRISES THAT ARE IMPACTING THE HEMISPHERE.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers2TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$248,535PYContributionsGrantsAmt
CY Contributions Grants$374,547CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$10,120PYOtherRevenueAmt
CY Other Revenue$5,245CYOtherRevenueAmt
PY Total Revenue$258,655PYTotalRevenueAmt
CY Total Revenue$379,792CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$354,396PYOtherExpensesAmt
CY Other Expenses$302,659CYOtherExpensesAmt
PY Total Expenses$354,396PYTotalExpensesAmt
CY Total Expenses$302,659CYTotalExpensesAmt
PY Revenues Less Expenses-$95,741PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$77,133CYRevenuesLessExpensesAmt
Total Assets BOY$89,835TotalAssetsBOYAmt
Total Assets EOY$200,248TotalAssetsEOYAmt
Total Liabilities BOY$39,404TotalLiabilitiesBOYAmt
Total Liabilities EOY$72,950TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$50,431NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$127,298NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO LEAD AND SUPPORT BROAD INITIATIVES THAT PROMOTE BETTER AND MORE INFORMED POLICY MAKING AND GOVERNANCE AT THE NATIONAL AND INTERNATIONAL LEVEL. PROMOTE AND EMPOWER THE INVOLVEMENT OF INDIVIDUALS, NGO'S AND THE PRIVATE SECTOR IN MATTERS OF PUBLIC POLICY THROUGH THE DISSEMINATION OF INFORMATION THAT WILL RAISE AWARENESS AND INVITE ACTION. SINCE 2017, V5INITIATIVE HAS FOCUSED ON THE VENEZUELAN HUMANITARIAN, POLITICAL AND ENVIRONMENTAL CRISES THAT ARE IMPACTING THE HEMISPHERE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$287,077ExpenseAmt
DescTO LEAD AND SUPPORT BROAD INITIATIVES THAT PROMOTE BETTER AND MORE INFORMED POLICY MAKING AND GOVERNANCE AT THE NATIONAL AND INTERNATIONAL LEVEL. PROMOTE AND EMPOWER THE INVOLVEMENT OF INDIVIDUALS, NGO'S AND THE PRIVATE SECTOR IN MATTERS OF PUBLIC POLICY THROUGH THE DISSEMINATION OF INFORMATION THAT WILL RAISE AWARENESS AND INVITE ACTION. SINCE 2017, V5INITIATIVE HAS FOCUSED ON THE VENEZUELAN HUMANITARIAN, POLITICAL AND ENVIRONMENTAL CRISES THAT ARE IMPACTING THE HEMISPHERE.Desc
Total Program Service Expenses$287,077TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnfalseAnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcfalseRegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCRISTINA V BURELLIPersonNm
Phone2025563603PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11937 BIRCH RDAddressLine1Txt
CityMCLEANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22101ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CRISTINA V BURELLI
EXECUTIVE DI1.00Yes (X)$19,239$0$0
PEDRO M BURELLI
DIRECTOR1.00Yes (X)$0$0$0
FRANCISCO DALLMEIER
DIRECTOR1.00Yes (X)$0$0$0
CLAUDIA M FRANCO
DIRECTOR1.00Yes (X)$0$0$0
KATHERINA HRUSKOVEC
DIRECTOR1.00Yes (X)$0$0$0
SHEPHERD SMITH
CHAIRMAN1.00Yes (X)$0$0$0
GERVER TORRES
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$19,239TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$374,547AllOtherContributionsAmt
Total Contributions$374,547TotalContributionsAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$5,245TotalRevenueColumnAmt
Exclusion$5,245ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$5,245OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$379,792TotalRevenueColumnAmt
Exclusion$5,245ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,428TotalAmt
Management And General$12,428ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$268,941TotalAmt
Program Services$268,941ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,565TotalAmt
Program Services$3,565ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,620TotalAmt
Program Services$2,620ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
WEB HOSTING & MAINTENANCE$10,831$10,831
FINANCIAL SERVICE CHARGES$2,401$2,401
COMMUNICATION$753$753
LICENSES. FEES, & PERMITS$676$676

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$444TotalAmt
Program Services$444ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$302,659TotalAmt
Program Services$287,077ProgramServicesAmt
Management And General$15,582ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$50,431BOYAmt
EOY$127,298EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$39,404BOYAmt
EOY$72,950EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$89,835BOYAmt
EOY$200,248EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$39,404BOYAmt
EOY$72,950EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$39,404BOYAmt
EOY$72,950EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$50,431BOYAmt
EOY$127,298EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$50,431BOYAmt
EOY$127,298EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$89,835BOYAmt
EOY$200,248EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$77,133ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$266PriorPeriodAdjustmentsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$248,535CurrentTaxYearMinus1YearAmt
Current Tax Year$374,547CurrentTaxYearAmt
Total$623,082TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$248,535CurrentTaxYearMinus1YearAmt
Current Tax Year$374,547CurrentTaxYearAmt
Total$623,082TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$623,082PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$10,120CurrentTaxYearMinus1YearAmt
Current Tax Year$5,245CurrentTaxYearAmt
Total$15,365TotalAmt
FieldValueIRS element (for citing)
Total Support$638,447TotalSupportAmt
Public Support CY1700.97590PublicSupportCY170Pct
Public Support PY1700.96090PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
Explanation15,365ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTO LEAD AND SUPPORT BROAD INITIATIVES THAT PROMOTE BETTER AND MORE INFORMED POLICY MAKING AND GOVERNANCE AT THE NATIONAL AND INTERNATIONAL LEVEL. PROMOTE AND EMPOWER THE INVOLVEMENT OF INDIVIDUALS, NGO'S AND THE PRIVATE SECTOR IN MATTERS OF PUBLIC POLICY THROUGH THE DISSEMINATION OF INFORMATION THAT WILL RAISE AWARENESS AND INVITE ACTION. SINCE 2017, V5INITIATIVE HAS FOCUSED ON THE VENEZUELAN HUMANITARIAN, POLITICAL AND ENVIRONMENTAL CRISES THAT ARE IMPACTING THE HEMISPHERE.
FORM 990, PAGE 6, PART VI, LINE 11BWHOLE BOARD APPROVES A PDF COPY OF THE FORM 990 PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 15ACOMPENSATION IS REVIEWED AND APPROVED BY BOD ANNUALLY.
FORM 990, PAGE 6, PART VI, LINE 15BLIKE ORGANIZATION SALARIES USED AS GUIDELINE FOR EXECUTIVE DIRECTOR AND MANAGEMENT SALARY.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11GINDEPENDENT CONTRACTORS 267,269 0 0 TRANSLATION 1,672 0 0 TOTAL 268,941 0 0

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