Civic Intelligence

Virginia Tech Services Inc.

990 • Fiscal year 2014 • EIN 54-0836195

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 07, 2015

Organization ProfileWWW.BOOKSTORE.VT.EDU

View Organization Page

115 Kent StreetVIRGINIA TECH CAMPUS Suite24061-0407

(540) 231-5991

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.58x

Higher debt load relative to assets than 76% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

77th percentile

0.86x

Higher debt load relative to revenue than 77% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

38th percentile

0.4%

Higher net margin than 38% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

90th percentile

$495,358

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

5th percentile

-15%

Faster asset growth than 5% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

30th percentile

-1.9%

Faster revenue growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$10,512,858

Down $1,902,767 (-15%) from 2013

Net Assets

Up

$4,426,963

Up $30,232 (+0.7%) from 2013

Liabilities

Down

$6,085,895

Down $1,932,999 (-24%) from 2013

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin38th percentile

Revenue

Down

$7,044,739

Down $134,226 (-1.9%) from 2013

Expenses

Down

$7,014,507

Down $72,232 (-1.0%) from 2013

Net Income

Down

$30,232

Down $61,994 (-67%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $12,549,294Liabilities 2010: $8,341,331Net Assets 2010: $4,207,9632010Assets 2011: $11,815,402Liabilities 2011: $7,597,233Net Assets 2011: $4,218,1692011Assets 2012: $11,101,317Liabilities 2012: $6,796,812Net Assets 2012: $4,304,5052012Assets 2013: $12,415,625Liabilities 2013: $8,018,894Net Assets 2013: $4,396,7312013Assets 2014: $10,512,858Liabilities 2014: $6,085,895Net Assets 2014: $4,426,9632014Assets 2015: $12,786,236Liabilities 2015: $8,358,507Net Assets 2015: $4,427,7292015Assets 2016: $11,334,314Liabilities 2016: $6,891,600Net Assets 2016: $4,442,7142016Assets 2017: $10,594,992Liabilities 2017: $6,445,273Net Assets 2017: $4,149,7192017Assets 2018: $8,762,282Liabilities 2018: $4,585,694Net Assets 2018: $4,176,5882018Assets 2019: $6,602,039Liabilities 2019: $2,521,686Net Assets 2019: $4,080,3532019Assets 2020: $7,310,978Liabilities 2020: $2,332,634Net Assets 2020: $4,978,3442020Assets 2021: $7,380,214Liabilities 2021: $2,301,639Net Assets 2021: $5,078,5752021Assets 2022: $8,676,644Liabilities 2022: $2,789,432Net Assets 2022: $5,887,2122022Assets 2023: $11,449,228Liabilities 2023: $4,068,753Net Assets 2023: $7,380,4752023Assets 2024: $12,869,418Liabilities 2024: $3,522,344Net Assets 2024: $9,347,0742024Assets 2025: $10,469,318Liabilities 2025: $65,247Net Assets 2025: $10,404,0712025

Highlighted filing

2014

Assets$10,512,858
Liabilities$6,085,895
Net Assets$4,426,963
Open 2014 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $7,321,8052010Expenses 2011: $7,532,5462011Expenses 2012: $7,151,9882012Revenue 2013: $7,178,965Expenses 2013: $7,086,739Net Income 2013: $92,2262013Revenue 2014: $7,044,739Expenses 2014: $7,014,507Net Income 2014: $30,2322014Revenue 2015: $7,205,181Expenses 2015: $7,204,415Net Income 2015: $7662015Revenue 2016: $7,850,894Expenses 2016: $7,835,909Net Income 2016: $14,9852016Revenue 2017: $7,381,170Expenses 2017: $7,674,165Net Income 2017: -$292,9952017Revenue 2018: $7,652,318Expenses 2018: $7,625,449Net Income 2018: $26,8692018Revenue 2019: $6,269,268Expenses 2019: $6,409,136Net Income 2019: -$139,8682019Revenue 2020: $4,172,135Expenses 2020: $3,438,117Net Income 2020: $734,0182020Revenue 2021: $2,530,562Expenses 2021: $2,430,331Net Income 2021: $100,2312021Revenue 2022: $3,908,616Expenses 2022: $3,036,778Net Income 2022: $871,8382022Revenue 2023: $4,249,842Expenses 2023: $2,881,427Net Income 2023: $1,368,4152023Revenue 2024: $4,533,795Expenses 2024: $2,886,518Net Income 2024: $1,647,2772024Revenue 2025: $2,408,417Expenses 2025: $1,673,273Net Income 2025: $735,1442025

Highlighted filing

2014

Revenue$7,044,739
Expenses$7,014,507
Net Income$30,232
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 7, 2015
Return Version
2013v4.0
Gross Receipts
$23,480,750
Mission and Program Overview

Mission

To own and operate bookstores and provide other services for the use and benefit of students, faculty, staff, and alumni of virginia polytechnic institute and state university and to transfer, as the board of directors may determine, any surplus funds to the university or the virginia tech foundation, inc. For allocation and use by the university, as the president of the university and board of visitors deem appropriate.

To own and operate bookstores and other services for the use and benefit of students, faculty, staff, and alumni on or near the campus of va polytechnic & state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$7,761,911$5,752,976▼ $2,008,935
Savings and Temporary Cash Investments$3,079,367$2,304,129▼ $775,238
Land, Buildings, and Equipment, Net$615,750$1,295,927▲ $680,177
Cash and Non-Interest-Bearing Accounts$360,990$472,902▲ $111,912
Prepaid Expenses and Deferred Charges$389,649$385,640▼ $4,009
Accounts Receivable$173,373$154,652▼ $18,721
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$12,415,625$10,512,858▼ $1,902,767
Other Assets Total$34,585$146,632▲ $112,047
Liabilities
Accounts Payable and Accrued Expenses$7,308,894$5,360,895▼ $1,947,999
Grants Payable$710,000$725,000▲ $15,000
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,018,894$6,085,895▼ $1,932,999
Net Assets / Fund Balance
Unrestricted Net Assets$4,396,731$4,426,963▲ $30,232
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$4,396,731$4,426,963▲ $30,232
Total Liabilities and Net Assets / Fund Balance$12,415,625$10,512,858▼ $1,902,767

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$576,331$5,245,470$5,821,801
Other Land Buildings$679,017-$679,017
Leasehold Improvements$40,579$359,877$400,456
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald J WilliamsExecutive DirectorFT$170,049$22,236$192,285
Wanda SmithVice Chair--$128,382$128,382
Margarita McgrathDirector--$90,176$90,176
Kylie GilbertDirector--$550$550

Board Members and Trustees

NameTitle
Bernard W Taylor IiiChair
Bill Carstensen JrDirector
Debra SalbadorDirector
Fred BenfieldDirector
M Dwight Shelton JrDirector
Mark McnameeDirector
Patricia a PerilloDirector
Robert S PleasantDirector
John E DooleySecretary-Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$25,037
Other Revenue
$7,019,702
Change in Net Assets
$30,232

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,044,739
Total Revenue per Audited Statements
$7,044,739
Total Revenue per Form 990
$7,044,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,702,655
Other Expenses$2,586,852
Grants and Similar Amounts Paid$725,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,869,154$821,318-$2,690,472
Occupancy$785,365--$785,365
Grants to Domestic Orgs$725,000--$725,000
Other Employee Benefits$192,443$187,533-$379,976
Depreciation Depletion$156,424$97,735-$254,159
Office Expenses-$248,280-$248,280
Payroll Taxes$154,036$71,008-$225,044
Royalties$27,739$189,656-$217,395
Current Officers, Directors, Trustees, and Key Employees-$215,437-$215,437
Pension Plan Contributions$94,205$97,521-$191,726
Information Technology$114,513$53,941-$168,454
All Other Expenses$145,745$13,692-$159,437
Fees for Services Accounting-$98,205-$98,205
Insurance$47,414$14,491-$61,905
Fees for Services Other-$47,983-$47,983
Travel$5,273$11,782-$17,055
Conferences and Meetings$12,594$3,219-$15,813
Other Expenses$8,684$94-$8,778
Fees for Services Legal-$5,483-$5,483
Total Functional Expenses$4,800,705$2,213,802$0$7,014,507

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,014,507
Total Expenses per Audited Statements$7,014,507
Total Expenses per Form 990$7,014,507
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
54-0721690-501(c)(3)See Part Iv.$725,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 Part VI Line 11B

“The form 990 was fully reviewed by the corporate management (the executive director and controller), provided to the executive committee in electronic format, approved by the executive committee, and then provided to the full board of directors in electronic format, prior to being filed with the irs. In addition, the form 990 was fully reviewed by kpmg llp.”

Form 990 Part VI Line 12C

“The corporation has a written conflict of interest policy. The corporation distributes a conflict of interest acknowledgement and disclosure form to all directors, officers, and full-time employees on an annual basis. All directors, officers, and full-time employees complete, sign, and submit this acknowledgement and disclosure form to the corporation annually. All forms are reviewed by management.”

Form 990 Part VI Line 19

“The corporation does not make its governing documents, conflict of interest or financial statements available to the public.”

Filing and Contact Details

Filer

EIN
54-0836195
In Care Of
% ODIE FTHENOS
Phone
5402315991

Signing Officer

Name
Donald J Williams
Title
Executive Director
Phone
5402315991
Signed
2015-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald J Williams
Formed
1968
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
1
Employees
554

Preparer

Preparer
Raymond Ly
Phone
5402315991
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

“The corporation is a tax exempt organization under section 501(c)(3) of the internal revenue code and is, therefore, not generally subject to income taxes under present tax laws. Management of virginia tech services, inc. Believes that any income tax liability resulting from unrelated business income for the years ended june 30, 2014 and 2013 would not have a significant impact on the corporation's changes in unrestricted net assets. The corporation has analyzed filing positions in the federal and state jurisdictions where it is required to file income tax returns, including its status as a tax-exempt organization, and no reserves for uncertain tax positions, nor interest and penalties, have been recorded in these financial statements. The only periods subject to examination are the 2010 through 2013 tax years.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11Secretary-Treasurer
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01869154
IRS990/OtherSalariesAndWagesGrp/TotalAmt02690472
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt097521
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt094205
IRS990/PensionPlanContributionsGrp/TotalAmt0191726
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,512,858
Liabilities
$6,085,895
Net assets
$4,426,963
Revenue
$7,044,739
Expenses
$7,014,507
Net income
$30,232
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.5$0.07$10.4$2.41$1.67$0.74
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$3.52$9.35$4.53$2.89$1.65
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$4.07$7.38$4.25$2.88$1.37
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.68$2.79$5.89$3.91$3.04$0.87
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.38$2.30$5.08$2.53$2.43$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.31$2.33$4.98$4.17$3.44$0.73
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.60$2.52$4.08$6.27$6.41$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.76$4.59$4.18$7.65$7.63$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$6.45$4.15$7.38$7.67$0.29
2016Detailed filing. Detailed filing data is available for this year.$11.3$6.89$4.44$7.85$7.84$0.01
2015Detailed filing. Detailed filing data is available for this year.$12.8$8.36$4.43$7.21$7.20$0.00
2014Detailed filing. Detailed filing data is available for this year.$10.5$6.09$4.43$7.04$7.01$0.03
2013Summary only. Only limited summary data is available for this year.$12.4$8.02$4.40$7.18$7.09$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$6.80$4.30$7.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$7.60$4.22$7.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$8.34$4.21$7.32