Civic Intelligence

Vcu Investment Management Company

EIN 47-4815851 • 501(c)3 • Richmond, VA

Profile

To provide investment and investment management and related services to the rector and the board of visitors of virginia commonwealth university (vcu), and/or to the private and independent foundations and other entities affiliated with vcu operating in support of its mission.

413 Stuart Circle 210Richmond, VA 23220

www.vcimco.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.50x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

81st percentile

0.51x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

51st percentile

5.0%

Higher net margin than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

99th percentile

$961,532

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 23.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

77th percentile

18%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

53rd percentile

9.0%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$4,132,496

Up $617,052 (+18%) from 2024

Liabilities

Up

$2,076,165

Up $414,137 (+25%) from 2024

Net Assets

Up

$2,056,331

Up $202,915 (+11%) from 2024

Operations
Liabilities / Revenue81st percentileNet Margin51st percentile

Revenue

Up

$4,086,556

Up $337,265 (+9.0%) from 2024

Expenses

Up

$3,883,641

Up $313,384 (+8.8%) from 2024

Net Income

Up

$202,915

Up $23,881 (+13%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2016: $331,132Liabilities 2016: $1,380,590Net Assets 2016: -$1,049,4582016Assets 2017: $606,993Liabilities 2017: $1,424,328Net Assets 2017: -$817,3352017Assets 2018: $1,198,397Liabilities 2018: $1,818,974Net Assets 2018: -$620,5772018Assets 2019: $1,479,792Liabilities 2019: $1,681,137Net Assets 2019: -$201,3452019Assets 2020: $1,689,856Liabilities 2020: $1,541,201Net Assets 2020: $148,6552020Assets 2021: $2,241,424Liabilities 2021: $1,544,187Net Assets 2021: $697,2372021Assets 2022: $2,789,067Liabilities 2022: $1,125,872Net Assets 2022: $1,663,1952022Assets 2023: $3,192,952Liabilities 2023: $1,518,570Net Assets 2023: $1,674,3822023Assets 2024: $3,515,444Liabilities 2024: $1,662,028Net Assets 2024: $1,853,4162024Assets 2025: $4,132,496Liabilities 2025: $2,076,165Net Assets 2025: $2,056,3312025

Highlighted filing

2025

Assets$4,132,496
Liabilities$2,076,165
Net Assets$2,056,331
Open 2025 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $137,241Expenses 2016: $1,289,699Net Income 2016: -$1,152,4582016Revenue 2017: $1,579,216Expenses 2017: $1,347,093Net Income 2017: $232,1232017Revenue 2018: $2,317,637Expenses 2018: $2,120,879Net Income 2018: $196,7582018Revenue 2019: $2,871,503Expenses 2019: $2,452,271Net Income 2019: $419,2322019Revenue 2020: $2,723,082Expenses 2020: $2,373,082Net Income 2020: $350,0002020Revenue 2021: $3,331,609Expenses 2021: $2,783,027Net Income 2021: $548,5822021Revenue 2022: $3,852,276Expenses 2022: $2,886,318Net Income 2022: $965,9582022Revenue 2023: $3,536,791Expenses 2023: $3,525,604Net Income 2023: $11,1872023Revenue 2024: $3,749,291Expenses 2024: $3,570,257Net Income 2024: $179,0342024Revenue 2025: $4,086,556Expenses 2025: $3,883,641Net Income 2025: $202,9152025

Highlighted filing

2025

Revenue$4,086,556
Expenses$3,883,641
Net Income$202,915
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,132,496
Liabilities
$2,076,165
Net assets
$2,056,331
Revenue
$4,086,556
Expenses
$3,883,641
Net income
$202,915
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.13$2.08$2.06$4.09$3.88$0.20
2024Detailed filing. Detailed filing data is available for this year.$3.52$1.66$1.85$3.75$3.57$0.18
2023Detailed filing. Detailed filing data is available for this year.$3.19$1.52$1.67$3.54$3.53$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.79$1.13$1.66$3.85$2.89$0.97
2021Detailed filing. Detailed filing data is available for this year.$2.24$1.54$0.70$3.33$2.78$0.55
2020Detailed filing. Detailed filing data is available for this year.$1.69$1.54$0.15$2.72$2.37$0.35
2019Detailed filing. Detailed filing data is available for this year.$1.48$1.68$0.20$2.87$2.45$0.42
2018Detailed filing. Detailed filing data is available for this year.$1.20$1.82$0.62$2.32$2.12$0.20
2017Detailed filing. Detailed filing data is available for this year.$0.61$1.42$0.82$1.58$1.35$0.23
2016Summary only. Only limited summary data is available for this year.$0.33$1.38$1.05$0.14$1.29$1.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 16, 2026
Return Version
2024v5.5
Gross Receipts
$4,086,556
Mission and Program Overview

Mission

To provide investment and investment management and related services to the rector and the board of visitors of virginia commonwealth university (vcu), and/or to the private and independent foundations and other entities affiliated with vcu operating in support of its mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,398,532$1,680,449▲ $281,917
Savings and Temporary Cash Investments$1,067,460$1,607,935▲ $540,475
Accounts Receivable$528,392$381,716▼ $146,676
Land, Buildings, and Equipment, Net$82,532$66,924▼ $15,608
Prepaid Expenses and Deferred Charges$39,530$61,284▲ $21,754
Total Assets$3,515,444$4,132,496▲ $617,052
Other Assets Total$398,998$334,188▼ $64,810
Liabilities
Accounts Payable and Accrued Expenses$1,237,874$1,715,437▲ $477,563
Other Liabilities$424,154$360,728▼ $63,426
Total Liabilities$1,662,028$2,076,165▲ $414,137
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,853,416$2,056,331▲ $202,915
Total Net Assets Fund Balance$1,853,416$2,056,331▲ $202,915
Total Liabilities and Net Assets / Fund Balance$3,515,444$4,132,496▲ $617,052

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$44,133$25,813$69,946
Other Land Buildings$18,875$34,045$52,920
Equipment$3,916$10,946$14,862
Other Assets Org$334,188--
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce MacdonaldCEO and CIOFT$518,413$443,119$961,532
Philip KeefeManaging DirectorFT$286,150$238,000$524,150
Michael PeltierCOO & SecretaryFT$255,625$180,369$435,994
Sarah KhouriVice PresidentFT$137,981$50,990$188,971
Lucas HallVice PresidentFT$101,461$35,369$136,830

Board Members and Trustees

NameTitle
John Luke JrChairman
Charles JohnsonBoard Vice Chair
Brian HiestandTrustee/director
Gary ZhuTrustee/director
Jane WatkinsTrustee/director
Jean McgowanTrustee/director
Jeff M LackerTrustee/director
Jonathan C RobertsTrustee/director
Larry KochardTrustee/director
Lee KrumbeinTrustee/director
Nan LeakeTrustee/director
Palmer GarsonTrustee/director
Steven HendersonTrustee/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,046,062
Investment Income
$40,475
Other Revenue
$19
Change in Net Assets
$202,915

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,086,556
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,086,556
Total Revenue per Form 990
$4,086,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,123,670
Other Expenses$759,971
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,475,455$156,726-$2,632,181
Other Employee Benefits$353,043$22,352-$375,395
Travel$188,461--$188,461
Payroll Taxes$109,181$6,913-$116,094
Occupancy$80,736$5,349-$86,085
Fees for Services Other$57,153$25,238-$82,391
Insurance-$65,988-$65,988
Fees for Services Legal$21,436$9,466-$30,902
Fees for Services Accounting$19,156$8,459-$27,615
Information Technology$23,744$2,898-$26,642
Depreciation Depletion$14,679$929-$15,608
Office Expenses$7,149$872-$8,021
Other Expenses$5,454$666-$6,120
All Other Expenses$3,284$402-$3,686
Conferences and Meetings$317$39-$356
Total Functional Expenses$3,567,795$315,846$0$3,883,641

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,883,641
Total Expenses per Audited Statements$3,883,641
Total Expenses per Form 990$3,883,641
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability - Long Term$292,163
Operating Lease Liability - Currrent$68,565
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The governance committee of the board presents potential candidates for board membership to the governing board. The governing board has the power to elect or appoint members to the governing board.”

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is distributed to the board prior to filing with the irs.”

Form 990, Part VI, Section B, Line 15

“The organization obtains peer survey data of similar size organizations through third party vendors to gather comparable compensation information. The compensation committee, a sub-committee of the board, makes a recommendation to the board with respect to the ceo's compensation. The compensation committee also determines and approves the compensation levels (including any incentive awards and any material prerequisites) for all other key executives as the committee or board may from time to time determine to be appropriate.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Vcu Investment Management Company
EIN
47-4815851
Phone
8047293560
Address
413 STUART CIRCLE 210, RICHMOND, VA 23220

Signing Officer

Name
Michael Peltier
Title
Secretary
Phone
8047293560
Signed
2026-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Macdonald
Formed
2015
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
15
Volunteers
13

Preparer

Firm
Keiter Stephens Hurst Gary & Shreaves
Address
4401 DOMINION BLVD, GLEN ALLEN, VA 23060
Preparer
Jayme Mika
Phone
8047470000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The company has adopted financial reporting guidance related to accounting for uncertainty in income taxes, which prescribes the minimum recognition threshold that a tax position is required to meet before being recognized in the company's financial statements. The guidance also provides criteria on derecognition, classification, interest and penalties, disclosure and transition. The company discloses the expected future tax consequences of uncertain tax positions presuming the taxing authorities' full knowledge of the facts and the company's position, and records unrecognized tax benefits or liabilities for known, or anticipated tax issues based on the company's analysis of whether additional taxes would be due to the authority given their full knowledge of the tax position. The company has completed its assessment and determined that there are no tax positions which would require recognition. The company is not currently under audit by any tax jurisdiction.”

Raw XML AppendixShowing 400 of 594 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO AND CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt1MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2COO & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE/DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04086556
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02898
IRS990/InformationTechnologyGrp/ProgramServicesAmt023744
IRS990/InformationTechnologyGrp/TotalAmt026642
IRS990/InsuranceGrp/ManagementAndGeneralAmt065988
IRS990/InsuranceGrp/TotalAmt065988
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt040475
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt066924
IRS990/LandBldgEquipCostOrOtherBssAmt0137728
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE INVESTMENT AND INVESTMENT MANAGEMENT AND RELATED SERVICES TO THE RECTOR AND THE BOARD OF VISITORS OF VIRGINIA COMMONWEALTH UNIVERSITY (VCU), AND/OR TO THE PRIVATE AND INDEPENDENT FOUNDATIONS AND OTHER ENTITIES AFFILIATED WITH VCU OPERATING IN SUPPORT OF ITS MISSION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01853416
IRS990/NetAssetsOrFundBalancesEOYAmt02056331
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02056331
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05349
IRS990/OccupancyGrp/ProgramServicesAmt080736
IRS990/OccupancyGrp/TotalAmt086085
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0872
IRS990/OfficeExpensesGrp/ProgramServicesAmt07149
IRS990/OfficeExpensesGrp/TotalAmt08021
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0398998
IRS990/OtherAssetsTotalGrp/EOYAmt0334188
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022352
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0353043
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0375395
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1PAYROLL ADMIN CHARGE
IRS990/OtherExpensesGrp/Desc2COMPUTER EQUIPMENT
IRS990/OtherExpensesGrp/Desc3EMPLOYEE MEALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06540
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11785
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21224
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3666
IRS990/OtherExpensesGrp/ProgramServicesAmt0170318
IRS990/OtherExpensesGrp/ProgramServicesAmt128199
IRS990/OtherExpensesGrp/ProgramServicesAmt210030
IRS990/OtherExpensesGrp/ProgramServicesAmt35454
IRS990/OtherExpensesGrp/TotalAmt0176858
IRS990/OtherExpensesGrp/TotalAmt129984
IRS990/OtherExpensesGrp/TotalAmt211254
IRS990/OtherExpensesGrp/TotalAmt36120
IRS990/OtherLiabilitiesGrp/BOYAmt0424154
IRS990/OtherLiabilitiesGrp/EOYAmt0360728
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt019
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt019
IRS990/OtherRevenueTotalAmt019
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0156726
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02475455
IRS990/OtherSalariesAndWagesGrp/TotalAmt02632181
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06913
IRS990/PayrollTaxesGrp/ProgramServicesAmt0109181
IRS990/PayrollTaxesGrp/TotalAmt0116094
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039530
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt061284
IRS990/PrincipalOfficerNm0BRUCE MACDONALD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0523940
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04046062
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04046062
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt041564
IRS990/PYOtherExpensesAmt0753124
IRS990/PYOtherRevenueAmt047
IRS990/PYProgramServiceRevenueAmt03707680
IRS990/PYRevenuesLessExpensesAmt0179034
IRS990/PYSalariesCompEmpBnftPaidAmt02817133
IRS990/PYTotalExpensesAmt03570257
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03749291
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0202915
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04086556
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01067460
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01607935
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd01
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE TAXPAYER IS UNDER THE DIRECTION OF, AND IS ACCOUNTABLE AND RESPONSIBLE TO, THE RECTOR AND THE BOARD OF VISITORS OF VIRGINIA COMMONWEALTH UNIVERSITY ("VCU"), A PUBLIC INSTITUTION OF HIGHER EDUCATION AND GOVERNMENTAL ENTITY OF THE COMMONWEALTH OF VIRGINIA, AND TO OTHER NONPROFIT ENTITIES AFFILIATED WITH VCU AND OPERATING IN SUPPORT OF ITS EDUCATIONAL MISSION, SUCH AS THE VCU HEALTH SYSTEM AUTHORITY. VCU, ITS PRESIDENT AND THE HEALTH SYSTEM AUTHORITY APPOINT FIVE MEMBERS OF THE BOARD OF DIRECTORS, AND THOSE DIRECTORS APPOINT THE REMAINING MEMBERS TO THE BOARD. THOSE APPOINTED MEMBERS ALSO CONSTITUTE A MAJORITY OF THE BOARD COMMITTEE RESPONSIBLE FOR APPOINTING THE REMAINING INDEPENDENT BOARD MEMBERS, WHO MUST IN TURN BE APPROVED BY TWO-THIRDS OF THE ENTIRE BOARD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE TAXPAYER IS UNDER THE DIRECTION OF, AND IS ACCOUNTABLE AND RESPONSIBLE TO, THE RECTOR AND THE BOARD OF VISITORS OF VIRGINIA COMMONWEALTH UNIVERSITY ("VCU"), A PUBLIC INSTITUTION OF HIGHER EDUCATION AND GOVERNMENTAL ENTITY OF THE COMMONWEALTH OF VIRGINIA AND TO OTHER NONPROFIT ENTITIES AFFILIATED WITH VCU AND OPERATING IN SUPPORT OF ITS EDUCATIONAL MISSION, SUCH AS THE VCU HEALTH SYSTEM AUTHORITY. IN ADDITION, THE TAXPAYER PROVIDES SERVICES TO THE OTHER VCU RELATED FOUNDATIONS THAT DO NOT HAVE ANY AUTHORITY TO APPOINT MEMBERS TO THE BOARD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART IV, SECTION B, LINE 1:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART IV, SECTION B, LINE 2:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0546001758
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0VIRGINIA COMMONWEALTH UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03916
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010946
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014862
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03883641
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt044133
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt025813
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt069946
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0334188
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018875
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt034045
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt052920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt068565
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1292163
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY - CURRRENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITY - LONG TERM
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04086556
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY HAS ADOPTED FINANCIAL REPORTING GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES THE MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE COMPANY'S FINANCIAL STATEMENTS. THE GUIDANCE ALSO PROVIDES CRITERIA ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE COMPANY DISCLOSES THE EXPECTED FUTURE TAX CONSEQUENCES OF UNCERTAIN TAX POSITIONS PRESUMING THE TAXING AUTHORITIES' FULL KNOWLEDGE OF THE FACTS AND THE COMPANY'S POSITION, AND RECORDS UNRECOGNIZED TAX BENEFITS OR LIABILITIES FOR KNOWN, OR ANTICIPATED TAX ISSUES BASED ON THE COMPANY'S ANALYSIS OF WHETHER ADDITIONAL TAXES WOULD BE DUE TO THE AUTHORITY GIVEN THEIR FULL KNOWLEDGE OF THE TAX POSITION. THE COMPANY HAS COMPLETED ITS ASSESSMENT AND DETERMINED THAT THERE ARE NO TAX POSITIONS WHICH WOULD REQUIRE RECOGNITION. THE COMPANY IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION.

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