Civic Intelligence

Virginia Tech Services Inc.

990 • Fiscal year 2015 • EIN 54-0836195

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 28, 2016

Organization ProfileWWW.BOOKSTORE.VT.EDU

View Organization Page

115 Kent StreetBlacksburg, VA 24061-0407

(540) 231-5991

Siviq Scores

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

Liabilities / Assets

80th percentile

0.65x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

1.16x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

35th percentile

0.0%

Higher net margin than 35% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

91st percentile

$520,835

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

87th percentile

22%

Faster asset growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

2.3%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$12,786,236

Up $2,273,378 (+22%) from 2014

Net Assets

Up

$4,427,729

Up $766 (+0.0%) from 2014

Liabilities

Up

$8,358,507

Up $2,272,612 (+37%) from 2014

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin35th percentile

Revenue

Up

$7,205,181

Up $160,442 (+2.3%) from 2014

Expenses

Up

$7,204,415

Up $189,908 (+2.7%) from 2014

Net Income

Down

$766

Down $29,466 (-97%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2015

Assets$12,786,236
Liabilities$8,358,507
Net Assets$4,427,729
Open 2015 Filing

Operations Trend

Revenue Growth45th 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

2015

Revenue$7,205,181
Expenses$7,204,415
Net Income$766
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 28, 2016
Return Version
2014v6.0
Gross Receipts
$22,790,485
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$5,752,976$7,094,897▲ $1,341,921
Savings and Temporary Cash Investments$2,304,129$2,320,752▲ $16,623
Land, Buildings, and Equipment, Net$1,295,927$1,878,438▲ $582,511
Cash and Non-Interest-Bearing Accounts$472,902$871,984▲ $399,082
Prepaid Expenses and Deferred Charges$385,640$329,420▼ $56,220
Accounts Receivable$154,652$242,529▲ $87,877
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$10,512,858$12,786,236▲ $2,273,378
Other Assets Total$146,632$48,216▼ $98,416
Liabilities
Accounts Payable and Accrued Expenses$5,360,895$6,728,789▲ $1,367,894
Mortgage Notes Payable Secured by Investment Property$0$1,354,718▲ $1,354,718
Grants Payable$725,000$275,000▼ $450,000
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$6,085,895$8,358,507▲ $2,272,612
Net Assets / Fund Balance
Unrestricted Net Assets$4,426,963$4,427,729▲ $766
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$4,426,963$4,427,729▲ $766
Total Liabilities and Net Assets / Fund Balance$10,512,858$12,786,236▲ $2,273,378

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$897,197$3,340,145$4,237,342
Equipment$981,241$2,692,281$3,673,522
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald J WilliamsExecutive DirectorFT$175,545$16,700$192,245
Wanda SmithVice Chair--$130,727$130,727
Margarita McgrathDirector--$90,163$90,163
Kylie GilbertDirector--$1,440$1,440

Board Members and Trustees

NameTitle
Bernard W Taylor IiiChair
Arthur J KeownDirector
Bill Carstensen JrDirector
Debra SalbadorDirector
Fred BenfieldDirector
M Dwight Shelton JrDirector
Mark McnameeDirector
Patricia a PerilloDirector
John E DooleySecretary-treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$17,012
Other Revenue
$7,188,169
Change in Net Assets
$766

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,205,181
Total Revenue per Audited Statements
$7,205,181
Total Revenue per Form 990
$7,205,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,012,387
Other Expenses$2,917,028
Grants and Similar Amounts Paid$275,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,154,875$827,948-$2,982,823
Occupancy$847,089--$847,089
Depreciation Depletion$273,132$154,012-$427,144
Other Employee Benefits$206,207$175,609-$381,816
Grants to Domestic Orgs$275,000--$275,000
Payroll Taxes$172,100$71,143-$243,243
Advertising-$233,548-$233,548
Information Technology$30,631$200,161-$230,792
Office Expenses$162,856$57,505-$220,361
Current Officers, Directors, Trustees, and Key Employees-$217,531-$217,531
Pension Plan Contributions$96,335$90,639-$186,974
Fees for Services Other-$71,538-$71,538
Insurance$52,284$15,114-$67,399
Fees for Services Accounting-$52,998-$52,998
Interest-$40,078-$40,078
Other Expenses$10,466$16,865-$27,331
All Other Expenses$17,921$142-$18,063
Conferences and Meetings$13,164$2,519-$15,683
Travel$2,843$10,975-$13,818
Fees for Services Legal-$6,221-$6,221
Total Functional Expenses$4,912,602$2,291,812$0$7,204,415

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,204,415
Total Expenses per Audited Statements$7,204,415
Total Expenses per Form 990$7,204,415
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Tech Foundation IncBlacksburg, VA501(c)(3)See Part Iv$275,000
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

Filer Name
Virginia Tech Services Inc
EIN
54-0836195
In Care Of
% ODIE FTHENOS
Phone
5402315991
Address
115 KENT STREET, BLACKSBURG, VA 24061-0407

Signing Officer

Name
Donald J Williams
Title
Executive Director
Phone
5402315991
Signed
2016-04-28
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
652

Preparer

Firm
Kpmg Llp
Address
1676 International Drive, McLean, VA 22102
Preparer
Raymond Ly
Phone
7032868000
Supplemental Narrative

Financial Statement Notes

Form 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, 2015 and june 30, 2014 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 jurisidctions 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 2011 through 2014 tax years.”

Raw XML AppendixShowing 400 of 801 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05360895
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06728789
IRS990/AccountsReceivableGrp/BOYAmt0154652
IRS990/AccountsReceivableGrp/EOYAmt0242529
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0233548
IRS990/AdvertisingGrp/TotalAmt0233548
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0142
IRS990/AllOtherExpensesGrp/ProgramServicesAmt017921
IRS990/AllOtherExpensesGrp/TotalAmt018063
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0ODIE FTHENOS
IRS990/BooksInCareOfDetail/PhoneNum05402315991
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0115 KENT STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BLACKSBURG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0240610407
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0472902
IRS990/CashNonInterestBearingGrp/EOYAmt0871984
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0217531
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0217531
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02519
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt013164
IRS990/ConferencesMeetingsGrp/TotalAmt015683
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0None
IRS990/CostOfGoodsSoldAmt015585304
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0275000
IRS990/CYInvestmentIncomeAmt017012
IRS990/CYOtherExpensesAmt02917028
IRS990/CYOtherRevenueAmt07188169
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0766
IRS990/CYSalariesCompEmpBnftPaidAmt04012387
IRS990/CYTotalExpensesAmt07204415
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07205181
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0154012
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0273132
IRS990/DepreciationDepletionGrp/TotalAmt0427144
IRS990/Desc0OPERATIONS OF UNIVERSITY BOOKSTORE ON VIRGINIA TECH CAMPUS, THE OBJECTIVE OF WHICH IS TO BENEFIT THE STUDENTS, FACULTY, AND STAFF OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0652
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt02255003
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt052998
IRS990/FeesForServicesAccountingGrp/TotalAmt052998
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06221
IRS990/FeesForServicesLegalGrp/TotalAmt06221
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt071538
IRS990/FeesForServicesOtherGrp/TotalAmt071538
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt037.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt137.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt239.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt339.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt439.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt539.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt639.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt739.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt839.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1037.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1139.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt103.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt046771
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt113870
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220577
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt328584
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4120940
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt531343
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt633292
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt722980
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt8101253
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1145053
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1216700
IRS990/Form990PartVIISectionAGrp/PersonNm0BERNARD W TAYLOR III
IRS990/Form990PartVIISectionAGrp/PersonNm1WANDA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2MARGARITA MCGRATH
IRS990/Form990PartVIISectionAGrp/PersonNm3FRED BENFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK MCNAMEE
IRS990/Form990PartVIISectionAGrp/PersonNm5BILL CARSTENSEN JR
IRS990/Form990PartVIISectionAGrp/PersonNm6PATRICIA A PERILLO
IRS990/Form990PartVIISectionAGrp/PersonNm7DEBRA SALBADOR
IRS990/Form990PartVIISectionAGrp/PersonNm8M DWIGHT SHELTON JR
IRS990/Form990PartVIISectionAGrp/PersonNm9KYLIE GILBERT
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN E DOOLEY
IRS990/Form990PartVIISectionAGrp/PersonNm11ARTHUR J KEOWN
IRS990/Form990PartVIISectionAGrp/PersonNm12DONALD J WILLIAMS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12175545
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0281366
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1116857
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt269586
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3135533
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4399895
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5156643
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6240106
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7175110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8316161
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt91440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11298676
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt038
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsPayableGrp/BOYAmt0725000
IRS990/GrantsPayableGrp/EOYAmt0275000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0275000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0275000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt038
IRS990/GrossReceiptsAmt022790485
IRS990/GrossSalesOfInventoryAmt021381236
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0200161
IRS990/InformationTechnologyGrp/ProgramServicesAmt030631
IRS990/InformationTechnologyGrp/TotalAmt0230792
IRS990/InsuranceGrp/ManagementAndGeneralAmt015114
IRS990/InsuranceGrp/ProgramServicesAmt052284
IRS990/InsuranceGrp/TotalAmt067399
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt040078
IRS990/InterestGrp/TotalAmt040078
IRS990/InventoriesForSaleOrUseGrp/BOYAmt05752976
IRS990/InventoriesForSaleOrUseGrp/EOYAmt07094897
IRS990/InvestmentIncomeGrp/ExclusionAmt016974
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016974
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06032426
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01295927
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01878438
IRS990/LandBldgEquipCostOrOtherBssAmt07910864
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OWN AND OPERATE BOOKSTORES AND 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 SUPRLUS FUNDS TO THE UNIVERSITY OR THE VIRGINIA TECH FOUNDATION, INC. FOR ALLOCATION AND USE BY THE UNIVERSITY AS THE PRESIDENT AND BOARD OF VISITORS DEEM APPROPRIATE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01354718
IRS990/NetAssetsOrFundBalancesBOYAmt04426963
IRS990/NetAssetsOrFundBalancesEOYAmt04427729
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt038
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt038
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt05301741
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt05795932
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0494191
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-203758
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0847089
IRS990/OccupancyGrp/TotalAmt0847089
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt057505
IRS990/OfficeExpensesGrp/ProgramServicesAmt0162856
IRS990/OfficeExpensesGrp/TotalAmt0220361
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0146632
IRS990/OtherAssetsTotalGrp/EOYAmt048216
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0175609
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0206207
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0381816
IRS990/OtherExpensesGrp/Desc0CREDIT CARD SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc1LIGHTS AND POWER
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3TRUCK/AUTO
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029931
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117335
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt216865
IRS990/OtherExpensesGrp/ProgramServicesAmt0333740
IRS990/OtherExpensesGrp/ProgramServicesAmt1152651
IRS990/OtherExpensesGrp/ProgramServicesAmt2111308
IRS990/OtherExpensesGrp/ProgramServicesAmt310466
IRS990/OtherExpensesGrp/TotalAmt0333740
IRS990/OtherExpensesGrp/TotalAmt1182582
IRS990/OtherExpensesGrp/TotalAmt2128643
IRS990/OtherExpensesGrp/TotalAmt327331
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0VENDING FEES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01206953
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1185284
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01206953
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1185284
IRS990/OtherRevenueTotalAmt01392237
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0827948
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02154875
IRS990/OtherSalariesAndWagesGrp/TotalAmt02982823
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt071143
IRS990/PayrollTaxesGrp/ProgramServicesAmt0172100
IRS990/PayrollTaxesGrp/TotalAmt0243243
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt090639
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt096335
IRS990/PensionPlanContributionsGrp/TotalAmt0186974
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0385640
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0329420
IRS990/PrincipalOfficerNm0DONALD J WILLIAMS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0CONTRIBUTION TO VIRGINIA TECH FOUNDATION, INC FOR USE BY THE UNIVERSITY PRESIDENT AND BOARD OF VISITORS FOR THE BENEFIT OF THE STUDENTS AND FACULTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0275000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0275000
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF VOLUME TWO BOOKSTORE, THE OBJECTIVE OF WHICH IS TO BENEFIT THE STUDENTS, FACULTY, AND STAFF OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01088626
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01198819
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OPERATION OF DIETRCIK CONVENIENCE STORE
IRS990/ProgSrvcAccomActyOtherGrp/Desc1OPERATION OF VENDING SERVICES
IRS990/ProgSrvcAccomActyOtherGrp/Desc2OPERATION OF HOKIE CENTRIC STORE
IRS990/ProgSrvcAccomActyOtherGrp/Desc3OPERATION OF STARBUCKS COFFEE STORE
IRS990/ProgSrvcAccomActyOtherGrp/Desc4OPERATION OF SQUIRES CONVENIENCE STORE
IRS990/ProgSrvcAccomActyOtherGrp/Desc5MISCELLANEOUS INCOME - NET
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0399983
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1139194
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt2288975
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt3424066
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt441755
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt50
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0454710
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt11206953
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt2134629
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt30
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt40
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt5185246
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0725000
IRS990/PYInvestmentIncomeAmt025037
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02586852
IRS990/PYOtherRevenueAmt07019702
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt030232
IRS990/PYSalariesCompEmpBnftPaidAmt03702655
IRS990/PYTotalExpensesAmt07014507
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07044739
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0766
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,786,236
Liabilities
$8,358,507
Net assets
$4,427,729
Revenue
$7,205,181
Expenses
$7,204,415
Net income
$766
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $10M-$25M nonprofits