Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
84th percentile
Higher net margin than 84% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 14.3% of source-year revenue.
Asset Growth
85th percentile
Faster asset growth than 85% of similar nonprofits.
Revenue Growth
56th percentile
Faster revenue growth than 56% of similar nonprofits.
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
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $206,902 | $1,455,432 | $1,662,334 |
| Equipment | $553,417 | $640,487 | $1,193,904 |
| Other Assets Org | $1,712,482 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Mr David P Wilson | Executive Director | FT | $142,252 | $13,375 | $155,627 |
| Dr Timothy Baird | Director | - | - | $141,491 | $141,491 |
| Mr Jacob L Shortt | Director | - | - | $124,197 | $124,197 |
| Dr Shaily Patel | Director | - | - | $91,729 | $91,729 |
| Name | Title |
|---|---|
| Dr Cyril R Clarke | Director |
| Dr Frances Keene | Director |
| Dr Michael Ellerbrock | Director |
| Dr Patricia W Hammer | Director |
| Mrs Amy S Sebring | Director |
| Ms Ann-marie Knoblauch | Director |
| Justice Elizabeth a Mcclanahan | Secretary-treasurer |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| 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 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Virginia Tech Foundation Inc | Blacksburg, VA | 501 (c)(3) | See Part Iv | $1,000,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Long-term Portion of Operating Lease Obligation | $1,291,574 |
| Current Portion of Operating Lease Obligation | $459,949 |
“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.”
“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 board sets the compensation of the executive director. Approvals in salary are approved through voting of the board.”
“The corporation does not make its governing documents, conflicts of interest or financial statements available to the public.”
“This process has not changed from prior year.”
“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.”
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 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 551761 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 213897 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 662145 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 772225 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| 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 INSTITUTE & STATE UNIVERSITY THROUGH THE MANAGEMENT OF OUTSOURCED OPERATIONS AND FACILITIES MAINTENANCE. |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 2939 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 2939 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | LYNSAY BELSHE |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5402319810 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 801 UNIVERSITY CITY BLVD SUITE 22 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BLACKSBURG |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 24060 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 2074110 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 2881726 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 8503 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 8503 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 1000000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 53320 |
| IRS990/CYOtherExpensesAmt | 0 | 1364573 |
| IRS990/CYOtherRevenueAmt | 0 | 1613189 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 2583333 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 1368415 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 516854 |
| IRS990/CYTotalExpensesAmt | 0 | 2881427 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 4249842 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 1203333 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 1103333 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 167440 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 167440 |
| IRS990/Desc | 0 | OPERATION OF VENDING SERVICES AND MANAGEMENT OF OUTSOURCED COMMISSIONS CONTRACTS FROM RETAIL OPERATIONS INCLUDING STUDENT BOOKSTORES AND A COFFEE SHOP. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 4 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1250419 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 105439 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 105439 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 37.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd | 1 | X |
| 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/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 13860 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 44402 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 33768 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 30500 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 73636 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 25449 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 20616 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 13375 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 31016 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 33719 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MRS AMY S SEBRING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DR FRANCES KEENE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DR TIMOTHY BAIRD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DR PATRICIA W HAMMER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DR CYRIL R CLARKE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JUSTICE ELIZABETH A MCCLANAHAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | MR JACOB L SHORTT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | DR SHAILY PATEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | MR DAVID P WILSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | MS ANN-MARIE KNOBLAUCH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | DR MICHAEL ELLERBROCK |
| 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 | 142252 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 164717 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 176312 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 107723 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 198773 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 533418 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 98748 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 71113 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 176848 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 179019 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | SECRETARY-TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1968 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 1 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 1000000 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 1000000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 1000000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 1000000 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 4249842 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 9600 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 31045 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 31045 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 53320 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 53320 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 2095919 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 737370 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 760319 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 2856238 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 5887212 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 7380475 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 9600 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 9600 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 124848 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 5887212 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 7380475 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 809430 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 809430 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 212 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 2725 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2937 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1712482 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 42678 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 42678 |
| IRS990/OtherExpensesGrp/Desc | 0 | UTILITIES |
| IRS990/OtherExpensesGrp/Desc | 1 | REPAIRS AND MAINTENANCE |
| IRS990/OtherExpensesGrp/Desc | 2 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/Desc | 3 | SERVICE FEES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 132495 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 77565 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 22603 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 4177 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 132495 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 77565 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 22603 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 4177 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 34338 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1751523 |
| 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 | 161308 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1442281 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 1442281 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 161308 |
| IRS990/OtherRevenueTotalAmt | 0 | 1603589 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 392069 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 392069 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 34428 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 34428 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 47679 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 47679 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 54419 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 49028 |
| IRS990/PrincipalOfficerNm | 0 | LYNSAY BELSHE |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | OUTSOURCED RETAIL COMM |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2521294 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 2583333 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 62039 |
| 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 | 1000000 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 1000000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 139000 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 1000000 |
| IRS990/PYInvestmentIncomeAmt | 0 | -29819 |
| IRS990/PYOtherExpensesAmt | 0 | 1505530 |
| IRS990/PYOtherRevenueAmt | 0 | 1596021 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 2203414 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 871838 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 531248 |
| IRS990/PYTotalExpensesAmt | 0 | 3036778 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 3908616 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1368415 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 9600 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 3963575 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 5148600 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 5273448 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 139000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 139000 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 9600 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 9480 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 40467 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 145088 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 72630 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 277265 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 16879119 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 16879119 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt | 0 | 1442281 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt | 0 | 1384384 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt | 0 | 761514 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt | 0 | 992829 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt | 0 | 1305996 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 5887004 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 9600 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 9480 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 40467 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 145088 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 72630 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 277265 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00830 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00580 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 2744641 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 2405851 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1731314 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3034218 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 109756 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 10025780 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.68970 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.84820 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 22905123 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 1442281 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 1523384 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 761514 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 992829 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 18185115 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 22905123 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 4196522 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 3938715 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 2533295 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 4172135 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 18367501 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 33208168 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 553417 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 640487 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1193904 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 2881427 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 206902 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 1455432 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 1662334 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 124848 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 1712482 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | OPERATING LEASE RIGHT-OF-USE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 459949 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 1291574 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | CURRENT PORTION OF OPERATING LEASE OBLIGATION |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | LONG-TERM PORTION OF OPERATING LEASE OBLIGATION |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 124848 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 4249842 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 760319 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1712482 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 2881427 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 1751523 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 4249842 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 4374690 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 2881427 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 1000000 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501 (C)(3) |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 0 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | SEE PART IV |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | VIRGINIA TECH FOUNDATION INC |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 540721690 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 902 PRICES FORK ROAD |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | BLACKSBURG |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.