Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
990 • Fiscal year 2017 • EIN 54-0836195
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
23rd percentile
Higher net margin than 23% of similar nonprofits.
Top Officer Pay
90th percentile
Higher top officer pay than 90% of similar nonprofits.
Top officer pay equals 6.5% of source-year revenue.
Asset Growth
11th percentile
Faster asset growth than 11% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
Assets
Down$10,594,992
Down $739,322 (-6.5%) from 2016
Net Assets
Down$4,149,719
Down $292,995 (-6.6%) from 2016
Liabilities
Down$6,445,273
Down $446,327 (-6.5%) from 2016
Revenue
Down$7,381,170
Down $469,724 (-6.0%) from 2016
Expenses
Down$7,674,165
Down $161,744 (-2.1%) from 2016
Net Income
Down-$292,995
Down $307,980 (-2055%) from 2016
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Inventories for Sale or Use | $5,498,674 | $5,322,089 | ▼ $176,585 |
| Savings and Temporary Cash Investments | $2,409,692 | $1,819,990 | ▼ $589,702 |
| Land, Buildings, and Equipment, Net | $1,613,383 | $1,400,683 | ▼ $212,700 |
| Cash and Non-Interest-Bearing Accounts | $933,822 | $1,118,802 | ▲ $184,980 |
| Accounts Receivable | $364,038 | $460,520 | ▲ $96,482 |
| Prepaid Expenses and Deferred Charges | $496,188 | $442,043 | ▼ $54,145 |
| 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 | $11,334,314 | $10,594,992 | ▼ $739,322 |
| Other Assets Total | $18,517 | $30,865 | ▲ $12,348 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $4,892,287 | $5,033,000 | ▲ $140,713 |
| Mortgage Notes Payable Secured by Investment Property | $1,155,565 | $950,006 | ▼ $205,559 |
| Grants Payable | $727,000 | $362,000 | ▼ $365,000 |
| Other Liabilities | $116,748 | $100,267 | ▼ $16,481 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $6,891,600 | $6,445,273 | ▼ $446,327 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $4,442,714 | $4,149,719 | ▼ $292,995 |
| Permanently Rstr Net Assets | $0 | $0 | → $0 |
| Temporarily Rstr Net Assets | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $4,442,714 | $4,149,719 | ▼ $292,995 |
| Total Liabilities and Net Assets / Fund Balance | $11,334,314 | $10,594,992 | ▼ $739,322 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $663,132 | $3,577,431 | $4,240,563 |
| Equipment | $737,551 | $3,205,966 | $3,943,517 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Donald J Williams | Executive Director | FT | $192,504 | $39,689 | $232,193 |
| Patty J Fisher | Director | - | - | $101,932 | $101,932 |
| Margarita Mcgrath | Director | - | - | $95,929 | $95,929 |
| Joseph E Mills | Director | - | - | $2,550 | $2,550 |
| Name | Title |
|---|---|
| Bernard W Taylor Iii | Chair |
| Bill Carstensen Jr | Vice Chair |
| Arthur J Keown | Director |
| Fred Benfield | Director |
| M Dwight Shelton Jr | Director |
| Patricia a Perillo | Director |
| Sarah E Stein | Director |
| Thanassis Rikakis | Director |
| John E Dooley | Secretary-treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| None | - | - | - |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $4,377,295 |
| Other Expenses | $2,934,870 |
| Grants and Similar Amounts Paid | $362,000 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $2,487,199 | $815,061 | - | $3,302,260 |
| Occupancy | $831,398 | - | - | $831,398 |
| Depreciation Depletion | $254,549 | $142,828 | - | $397,377 |
| Other Employee Benefits | $221,259 | $169,515 | - | $390,774 |
| Grants to Domestic Orgs | $362,000 | - | - | $362,000 |
| Information Technology | $90,971 | $235,445 | - | $326,416 |
| Payroll Taxes | $175,210 | $67,111 | - | $242,321 |
| Current Officers, Directors, Trustees, and Key Employees | - | $235,152 | - | $235,152 |
| Advertising | $520 | $213,398 | - | $213,918 |
| Office Expenses | $151,449 | $61,736 | - | $213,185 |
| Pension Plan Contributions | $110,270 | $96,518 | - | $206,788 |
| All Other Expenses | $88,848 | $154 | - | $89,002 |
| Fees for Services Other | $1,500 | $70,669 | - | $72,169 |
| Insurance | $60,267 | $9,812 | - | $70,079 |
| Fees for Services Accounting | - | $59,873 | - | $59,873 |
| Other Expenses | $37,125 | $19,444 | - | $56,569 |
| Interest | - | $33,662 | - | $33,662 |
| Travel | $6,444 | $14,514 | - | $20,958 |
| Conferences and Meetings | $4,736 | $5,956 | - | $10,692 |
| Fees for Services Legal | - | $246 | - | $246 |
| Total Functional Expenses | $5,384,367 | $2,289,798 | $0 | $7,674,165 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $7,674,165 |
| Total Expenses per Audited Statements | $7,674,165 |
| Total Expenses per Form 990 | $7,674,165 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Virginia Tech Foundation Inc | Blacksburg, VA | 501(c)(3) | See Part Iv | $362,000 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $0 |
| Fundraising Gross Income | $0 |
| Gaming Direct Expenses | $0 |
| Gaming Gross Income | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Liability | Amount |
|---|---|
| Construction Allowances | $100,267 |
“The Form 990 was prepared AND FULLY REVIEWED BY KPMG LLP. 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.”
“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.”
“The corporation does not make its governing documents, conflict of interest or financial statements available to the public.”
“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, 2017 and june 30, 2016 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 2013 through 2016 tax years.”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 4892287 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 5033000 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 364038 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 460520 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 213398 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 520 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 213918 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 154 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 88848 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 89002 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | ODIE FTHENOS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5402315991 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 115 KENT STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BLACKSBURG |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 240610407 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 933822 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1118802 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 235152 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 235152 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 5956 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 4736 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 10692 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 0 | None |
| IRS990/CostOfGoodsSoldAmt | 0 | 14805937 |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 362000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 14235 |
| IRS990/CYOtherExpensesAmt | 0 | 2934870 |
| IRS990/CYOtherRevenueAmt | 0 | 7366935 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -292995 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 4377295 |
| IRS990/CYTotalExpensesAmt | 0 | 7674165 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 7381170 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 142828 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 254549 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 397377 |
| IRS990/Desc | 0 | OPERATIONS 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/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 945 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 2562317 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 59873 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 59873 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 246 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 246 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 70669 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 1500 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 72169 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 37.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 39.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 39.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 39.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 39.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 37.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 39.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 39.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 37.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 39.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 39.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 39.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 12 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 3.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 3.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 3.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 60696 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 16584 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 22459 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 35127 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 38224 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 31743 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 40629 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 65756 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 52583 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 65026 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 39689 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BERNARD W TAYLOR III |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | PATTY J FISHER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MARGARITA MCGRATH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | FRED BENFIELD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | SARAH E STEIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | BILL CARSTENSEN JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | PATRICIA A PERILLO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | M DWIGHT SHELTON JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | JOHN E DOOLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | ARTHUR J KEOWN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | THANASSIS RIKAKIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | JOSEPH E MILLS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | DONALD J WILLIAMS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 192504 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 302182 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 85348 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 73470 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 140478 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 219704 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 170453 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 255377 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 331915 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 238826 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 414971 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 2550 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Vice Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | SECRETARY-TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/Form990TFiledInd | 0 | true |
| IRS990/FormationYr | 0 | 1968 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/FundraisingDirectExpensesAmt | 0 | 0 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 3618 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GamingDirectExpensesAmt | 0 | 0 |
| IRS990/GamingGrossIncomeAmt | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 12 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 727000 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 362000 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 362000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 362000 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 3618 |
| IRS990/GrossReceiptsAmt | 0 | 22187107 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 18300 |
| IRS990/GrossSalesOfInventoryAmt | 0 | 20629132 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 2 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 235445 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 90971 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 326416 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 9812 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 60267 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 70079 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 33662 |
| IRS990/InterestGrp/TotalAmt | 0 | 33662 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 5498674 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 5322089 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 10617 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 10617 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 11 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 6783397 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1613383 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1400683 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 8184080 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | TO 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/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 1155565 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 950006 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 4442714 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 4149719 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 3618 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 3618 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 5239487 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 5823195 |
| IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt | 0 | 583708 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 18300 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 18300 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -231640 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 831398 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 831398 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 61736 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 151449 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 213185 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 18517 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 30865 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 169515 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 221259 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 390774 |
| IRS990/OtherExpensesGrp/Desc | 0 | CREDIT CARD SERVICE CHARGES |
| IRS990/OtherExpensesGrp/Desc | 1 | LIGHTS AND POWER |
| IRS990/OtherExpensesGrp/Desc | 2 | TRUCK/AUTO |
| IRS990/OtherExpensesGrp/Desc | 3 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 31869 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 6835 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 19444 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 333858 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 154960 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 11804 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 37125 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 333858 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 186829 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 18639 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 56569 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 116748 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 100267 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | VENDING FEES |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | MISCELLANEOUS |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 1428658 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 1 | 96782 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 1428658 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 96782 |
| IRS990/OtherRevenueTotalAmt | 0 | 1525440 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 815061 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 2487199 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 3302260 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 67111 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 175210 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 242321 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 96518 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 110270 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 206788 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 496188 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 442043 |
| IRS990/PrincipalOfficerNm | 0 | DONALD J WILLIAMS |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | CONTRIBUTION 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/ExpenseAmt | 0 | 362000 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 362000 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | OPERATION 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/ExpenseAmt | 0 | 1026634 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 1181894 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | OPERATION OF DIETRCIK CONVENIENCE STORE |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 1 | OPERATION OF VENDING SERVICES |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 2 | OPERATION OF HOKIE CENTRIC STORE |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 3 | OPERATION OF STARBUCKS COFFEE STORE |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 4 | OPERATION OF SQUIRES CONVENIENCE STORE |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 402996 |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 1 | 147495 |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 2 | 408022 |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 3 | 449022 |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 4 | 25881 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 0 | 397034 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 1 | 0 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 2 | 325650 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 3 | 0 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 4 | 13860 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 727000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 24482 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 3026477 |
| IRS990/PYOtherRevenueAmt | 0 | 7826412 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 14985 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 4082432 |
| IRS990/PYTotalExpensesAmt | 0 | 7835909 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 7850894 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 0 |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.