Civic Intelligence

Virginia Tech Services Inc.

990 • Fiscal year 2023 • EIN 54-0836195

Jul 01, 2022 to Jun 30, 2023 • Filed on May 08, 2024

801 University City Blvd 22Blacksburg, VA 24060

(540) 231-9810

Siviq Scores

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

Liabilities / Assets

66th percentile

0.36x

Higher debt load relative to assets than 66% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.96x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

84th percentile

32%

Higher net margin than 84% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$607,054

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

85th percentile

32%

Faster asset growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

8.7%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$11,449,228

Up $2,772,584 (+32%) from 2022

Net Assets

Up

$7,380,475

Up $1,493,263 (+25%) from 2022

Liabilities

Up

$4,068,753

Up $1,279,321 (+46%) from 2022

Revenue

Up

$4,249,842

Up $341,226 (+8.7%) from 2022

Expenses

Down

$2,881,427

Down $155,351 (-5.1%) from 2022

Net Income

Up

$1,368,415

Up $496,577 (+57%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$11,449,228
Liabilities$4,068,753
Net Assets$7,380,475

Operations Trend

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

2023

Revenue$4,249,842
Expenses$2,881,427
Net Income$1,368,415
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 8, 2024
Return Version
2022v5.0
Gross Receipts
$4,249,842
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 institute & state university through the management of outsourced operations and facilities maintenance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,148,600$5,273,448▲ $124,848
Cash and Non-Interest-Bearing Accounts$2,074,110$2,881,726▲ $807,616
Accounts Receivable$662,145$772,225▲ $110,080
Land, Buildings, and Equipment, Net$737,370$760,319▲ $22,949
Prepaid Expenses and Deferred Charges$54,419$49,028▼ $5,391
Total Assets$8,676,644$11,449,228▲ $2,772,584
Other Assets Total$0$1,712,482▲ $1,712,482
Liabilities
Other Liabilities$34,338$1,751,523▲ $1,717,185
Deferred Revenue$1,203,333$1,103,333▼ $100,000
Grants Payable$1,000,000$1,000,000→ $0
Accounts Payable and Accrued Expenses$551,761$213,897▼ $337,864
Total Liabilities$2,789,432$4,068,753▲ $1,279,321
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,887,212$7,380,475▲ $1,493,263
Total Net Assets Fund Balance$5,887,212$7,380,475▲ $1,493,263
Total Liabilities and Net Assets / Fund Balance$8,676,644$11,449,228▲ $2,772,584

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$206,902$1,455,432$1,662,334
Equipment$553,417$640,487$1,193,904
Other Assets Org$1,712,482--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr David P WilsonExecutive DirectorFT$142,252$13,375$155,627
Dr Timothy BairdDirector--$141,491$141,491
Mr Jacob L ShorttDirector--$124,197$124,197
Dr Shaily PatelDirector--$91,729$91,729

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,583,333
Investment Income
$53,320
Other Revenue
$1,613,189
Change in Net Assets
$1,368,415

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,249,842
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$124,848
Total Revenue per Audited Statements
$4,374,690
Total Revenue per Form 990
$4,249,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,364,573
Grants and Similar Amounts Paid$1,000,000
Salaries, Compensation, and Employee Benefits$516,854
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,000,000--$1,000,000
Occupancy$809,430--$809,430
Other Salaries and Wages-$392,069-$392,069
Depreciation Depletion$167,440--$167,440
Fees for Services Accounting-$105,439-$105,439
Pension Plan Contributions-$47,679-$47,679
Other Employee Benefits-$42,678-$42,678
Payroll Taxes-$34,428-$34,428
Insurance$31,045--$31,045
Conferences and Meetings-$8,503-$8,503
Other Expenses$4,177--$4,177
All Other Expenses$2,939--$2,939
Office Expenses$2,725$212-$2,937
Total Functional Expenses$2,250,419$631,008$0$2,881,427

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,881,427
Total Expenses per Audited Statements$2,881,427
Total Expenses per Form 990$2,881,427
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Tech Foundation IncBlacksburg, VA501 (c)(3)See Part Iv$1,000,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-term Portion of Operating Lease Obligation$1,291,574
Current Portion of Operating Lease Obligation$459,949
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
No
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 B, Line 11B

The form 990 was prepared and fully reviewed by brown edwards & company, 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.

Form 990, Part VI, Section B, 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, Section B, Line 15A

The board sets the compensation of the executive director. Approvals in salary are approved through voting of the board.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Virginia Tech Services Inc
EIN
54-0836195
Phone
5402319810
Address
801 UNIVERSITY CITY BLVD 22, BLACKSBURG, VA 24060

Signing Officer

Name
Lynsay Belshe
Title
Agent for Virginia Tech Services
Phone
5402319810
Signed
2024-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynsay Belshe
Formed
1968
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
3906 ELECTRIC ROAD, ROANOKE, VA 24018
Preparer
Jeffrey G Barbour
Phone
5403450936
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

This process has not changed from prior year.

Financial Statement Notes

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, 2023 and 2022 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.

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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0737370
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0760319
IRS990/LandBldgEquipCostOrOtherBssAmt02856238
IRS990/LegalDomicileStateCd0VA
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05887212
IRS990/NetAssetsOrFundBalancesEOYAmt07380475
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt09600
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07380475
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/TotalAmt0809430
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0212
IRS990/OfficeExpensesGrp/ProgramServicesAmt02725
IRS990/OfficeExpensesGrp/TotalAmt02937
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt01712482
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt042678
IRS990/OtherEmployeeBenefitsGrp/TotalAmt042678
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3SERVICE FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt0132495
IRS990/OtherExpensesGrp/ProgramServicesAmt177565
IRS990/OtherExpensesGrp/ProgramServicesAmt222603
IRS990/OtherExpensesGrp/ProgramServicesAmt34177
IRS990/OtherExpensesGrp/TotalAmt0132495
IRS990/OtherExpensesGrp/TotalAmt177565
IRS990/OtherExpensesGrp/TotalAmt222603
IRS990/OtherExpensesGrp/TotalAmt34177
IRS990/OtherLiabilitiesGrp/BOYAmt034338
IRS990/OtherLiabilitiesGrp/EOYAmt01751523
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0VENDING FEES
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IRS990/OtherRevenueMiscGrp/ExclusionAmt0161308
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01442281
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01442281
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1161308
IRS990/OtherRevenueTotalAmt01603589
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0392069
IRS990/OtherSalariesAndWagesGrp/TotalAmt0392069
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034428
IRS990/PayrollTaxesGrp/TotalAmt034428
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt047679
IRS990/PensionPlanContributionsGrp/TotalAmt047679
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt054419
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt049028
IRS990/PrincipalOfficerNm0LYNSAY BELSHE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0OUTSOURCED RETAIL COMM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02521294
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02583333
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt062039
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/ExpenseAmt01000000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01000000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0139000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01000000
IRS990/PYInvestmentIncomeAmt0-29819
IRS990/PYOtherExpensesAmt01505530
IRS990/PYOtherRevenueAmt01596021
IRS990/PYProgramServiceRevenueAmt02203414
IRS990/PYRevenuesLessExpensesAmt0871838
IRS990/PYSalariesCompEmpBnftPaidAmt0531248
IRS990/PYTotalExpensesAmt03036778
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03908616
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01368415
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt09600
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03963575
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05148600
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05273448
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0139000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0139000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09600
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09480
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt040467
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0145088
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt072630
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0277265
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt016879119
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt016879119
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt01442281
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01384384
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0761514
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0992829
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt01305996
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt05887004
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09600
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09480
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt040467
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0145088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt072630
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0277265
IRS990ScheduleA/InvestmentIncomeCYPct00.00830
IRS990ScheduleA/InvestmentIncomePYPct00.00580
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02744641
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02405851
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01731314
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03034218
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0109756
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010025780
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.68970
IRS990ScheduleA/PublicSupportPY509Pct00.84820
IRS990ScheduleA/PublicSupportTotal509Amt022905123
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01442281
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01523384
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0761514
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0992829
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt018185115
IRS990ScheduleA/Total509Grp/TotalAmt022905123
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04196522
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03938715
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02533295
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04172135
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt018367501
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt033208168
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0553417
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0640487
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01193904
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02881427
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0206902
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01455432
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01662334
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0124848
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01712482
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE RIGHT-OF-USE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0459949
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11291574
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CURRENT PORTION OF OPERATING LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LONG-TERM PORTION OF OPERATING LEASE OBLIGATION
IRS990ScheduleD/RevenueNotReportedAmt0124848
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04249842
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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, 2023 AND 2022 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0760319
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01712482
IRS990ScheduleD/TotalExpensesPerForm990Amt02881427
IRS990ScheduleD/TotalLiabilityAmt01751523
IRS990ScheduleD/TotalRevenuePerForm990Amt04249842
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04374690
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02881427
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01000000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SEE PART IV
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VIRGINIA TECH FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0540721690
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0902 PRICES FORK ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BLACKSBURG

Document Assets

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Filings

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
2023Detailed filing. Detailed filing data is available for this year.$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