Civic Intelligence

Virginia Commonwealth University Intellectual Property Foundation

990 • Fiscal year 2021 • EIN 54-1854399

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 20, 2021

Organization ProfileWWW.RESEARCH.VCU.EDU
800 E Leigh Street No 3000Richmond, VA 23219

(804) 828-5188

Siviq Scores

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

Liabilities / Assets

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.23x

Higher debt load relative to revenue than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

21st percentile

-2.8%

Higher net margin than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

90th percentile

$192,609

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

48th percentile

8.2%

Faster asset growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

17%

Faster revenue growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$4,910,012

Up $371,694 (+8.2%) from 2020

Net Assets

Up

$4,263,734

Up $868,996 (+26%) from 2020

Liabilities

Down

$646,278

Down $497,302 (-43%) from 2020

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin21st percentile

Revenue

Up

$2,855,474

Up $413,074 (+17%) from 2020

Expenses

Up

$2,935,342

Up $256,965 (+9.6%) from 2020

Net Income

Up

-$79,868

Up $156,109 (+66%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,935,373Liabilities 2011: $286,923Net Assets 2011: $1,648,4502011Assets 2012: $2,037,939Liabilities 2012: $303,956Net Assets 2012: $1,733,9832012Assets 2013: $2,039,596Liabilities 2013: $201,077Net Assets 2013: $1,838,5192013Assets 2014: $2,202,831Liabilities 2014: $296,417Net Assets 2014: $1,906,4142014Assets 2015: $2,725,376Liabilities 2015: $280,500Net Assets 2015: $2,444,8762015Assets 2016: $3,086,106Liabilities 2016: $439,547Net Assets 2016: $2,646,5592016Assets 2017: $7,015,894Liabilities 2017: $1,977,651Net Assets 2017: $5,038,2432017Assets 2018: $4,268,007Liabilities 2018: $410,534Net Assets 2018: $3,857,4732018Assets 2019: $4,240,527Liabilities 2019: $662,422Net Assets 2019: $3,578,1052019Assets 2020: $4,538,318Liabilities 2020: $1,143,580Net Assets 2020: $3,394,7382020Assets 2021: $4,910,012Liabilities 2021: $646,278Net Assets 2021: $4,263,7342021Assets 2022: $4,582,975Liabilities 2022: $652,297Net Assets 2022: $3,930,6782022Assets 2023: $4,758,542Liabilities 2023: $773,867Net Assets 2023: $3,984,6752023Assets 2024: $5,395,479Liabilities 2024: $832,290Net Assets 2024: $4,563,1892024Assets 2025: $6,341,219Liabilities 2025: $549,525Net Assets 2025: $5,791,6942025

Highlighted filing

2021

Assets$4,910,012
Liabilities$646,278
Net Assets$4,263,734
Open 2021 Filing

Operations Trend

Revenue Growth55th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,193,322Expenses 2011: $1,071,915Net Income 2011: $121,4072011Revenue 2012: $1,738,453Expenses 2012: $1,562,044Net Income 2012: $176,4092012Revenue 2013: $1,253,958Expenses 2013: $1,272,786Net Income 2013: -$18,8282013Revenue 2014: $1,831,832Expenses 2014: $1,574,195Net Income 2014: $257,6372014Revenue 2015: $2,443,659Expenses 2015: $1,914,397Net Income 2015: $529,2622015Revenue 2016: $2,283,813Expenses 2016: $2,047,748Net Income 2016: $236,0652016Revenue 2017: $6,657,713Expenses 2017: $4,328,267Net Income 2017: $2,329,4462017Revenue 2018: $2,617,743Expenses 2018: $2,383,319Net Income 2018: $234,4242018Revenue 2019: $2,548,417Expenses 2019: $2,893,770Net Income 2019: -$345,3532019Revenue 2020: $2,442,400Expenses 2020: $2,678,377Net Income 2020: -$235,9772020Revenue 2021: $2,855,474Expenses 2021: $2,935,342Net Income 2021: -$79,8682021Revenue 2022: $3,452,341Expenses 2022: $3,503,592Net Income 2022: -$51,2512022Revenue 2023: $2,808,546Expenses 2023: $2,987,908Net Income 2023: -$179,3622023Revenue 2024: $3,349,198Expenses 2024: $3,190,692Net Income 2024: $158,5062024Revenue 2025: $3,946,392Expenses 2025: $3,154,296Net Income 2025: $792,0962025

Highlighted filing

2021

Revenue$2,855,474
Expenses$2,935,342
Net Income-$79,868
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 20, 2021
Return Version
2020v4.1
Gross Receipts
$2,855,474
Mission and Program Overview

Mission

The foundation determines the patentability and obtains patents on virginia commonwealth university (vcu) inventions and markets and licenses such inventions to commerical entities. The foundation's activities promote research efforts at the school and resulting royalties provide economic support for the university. The foundation also provides patent and licensing clinics for vcu students and employed approximately 1 vcu student as an intern or part-time employee.

Virignia commonwealth university intellectual property foundation's mission is to foster a culture of innovation at virginia commonwealth university (vcu) and to protect and commercialize inventions created by the vcu research enterprise for the benefit of society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,682,885$3,550,299▲ $867,414
Accounts Receivable$1,202,694$885,310▼ $317,384
Cash and Non-Interest-Bearing Accounts$623,294$451,702▼ $171,592
Prepaid Expenses and Deferred Charges$21,116$21,492▲ $376
Land, Buildings, and Equipment, Net$8,329$1,209▼ $7,120
Total Assets$4,538,318$4,910,012▲ $371,694
Liabilities
Accounts Payable and Accrued Expenses$850,984$539,176▼ $311,808
Other Liabilities$292,596$107,102▼ $185,494
Total Liabilities$1,143,580$646,278▼ $497,302
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,394,738$4,263,734▲ $868,996
Total Net Assets Fund Balance$3,394,738$4,263,734▲ $868,996
Total Liabilities and Net Assets / Fund Balance$4,538,318$4,910,012▲ $371,694

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,209$20,151$21,360
Other Securities$1,969,572--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,427,406-▲ $542,166-$1,969,572
2019$1,376,813-▲ $50,593-$1,427,406
2018$1,200,000-▲ $176,813-$1,376,813
2017-$1,200,000--$1,200,000
Compensation and Service Providers
Top Officer Pay90th percentile

Board Members and Trustees

NameTitle
Dr Ivelina S MetchevaPresident
Dr Gopinath JadhavDirector
Dr Reinhold BrandDirector
Mr Gary LeclairDirector
Mr Spencer WilliamsonDirector
Nancy EberhardtDirector
P Srirama RaoEx-officio
L Frankin BostSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Whitham & Cook PCDevelopment Costs11491 SUNSET HILLS ROAD SUITE 340, Reston, VA 20190$549,601
Richard T MarconiRoyalties1 WELWYN PLACE, Richmond, VA 23229$242,498
-Royalties8301 CATHARPIN LANDING ROAD, Spotsylvania, VA 22553$234,063
Christopher G EarnhartRoyalties13718 HICKORY NUT POINT, Midlothian, VA 23112$234,063
Revenue and Support

Revenue Composition

Contributions and Grants
$140,704
Program Service Revenue
$2,687,810
Investment Income
$57,675
Other Revenue
$-30,715
Change in Net Assets
$-79,868

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,806,437
Revenue Not Reported on Financial Statements
$49,037
Revenue Not Reported on Form 990
$948,864
Total Revenue per Audited Statements
$3,755,301
Total Revenue per Form 990
$2,855,474
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,877,912
Salaries, Compensation, and Employee Benefits$57,430
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$298,244$74,561-$372,805
Other Salaries and Wages$42,194$10,548-$52,742
Fees for Service Investment Mgmnt Fees-$49,037-$49,037
Fees for Services Accounting-$42,059-$42,059
Other Expenses$31,826--$31,826
Advertising$29,147--$29,147
Occupancy$10,553$2,638-$13,191
Office Expenses$6,524$1,845-$8,369
Depreciation Depletion$7,120--$7,120
Insurance-$5,806-$5,806
Conferences and Meetings$3,858$1,750-$5,608
Payroll Taxes$3,750$938-$4,688
All Other Expenses-$2,939-$2,939
Total Functional Expenses$2,743,221$192,121$0$2,935,342

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,935,342
Expenses per Audited Statements$2,886,305
Total Expenses per Audited Statements$2,886,305
Expenses Not Reported on Financial Statements$49,037
Expenses Not Reported on Form 990$0
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
Due to Vcu$107,102
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

“Form 990 is reviewed by the foundation's board of trustees upon its completion. A final copy of form 990 is made available to the board after completed. The form is filed and made available for public inspection at the foundation.”

Form 990, Part VI, Section B, Line 12C

“The foundation's conflict of interest policy requires that each member of the board of directors submit a conlfict of interest disclosure statement annually.”

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

“Virginia commonwealth university determines the salary for the president.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents, conflict of interest policy and audited financial statements can be distributed to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Commonwealth University
EIN
54-1854399
Phone
8048285188
Address
800 E LEIGH STREET NO 3000, RICHMOND, VA 23219

Signing Officer

Name
Dr Ivelina Metcheva
Title
President
Phone
8048285188
Signed
2021-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Ivelina Metcheva
Formed
1994
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
3
Employees
7
Volunteers
0

Preparer

Firm
Mitchell Wiggins & Company Llp
Address
1802 BAYBERRY COURT SUITE 300, RICHMOND, VA 23226
Preparer
M James Hartson Jr CPA
Phone
8042826000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The foundation's process for selecting independent auditors and oversight of the financial statement audit has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with guidance established by the financial accounting standards board (fasb) and determined that there are no uncertain tax positions that would have a material impact on the financial statements of the foundation. With few exceptions, the foundation is no longer subject to income tax examinations by the taxing authorities for years ending before june 30, 2018.”

Raw XML AppendixShowing 400 of 549 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InsuranceGrp/TotalAmt05806
IRS990/InvestmentIncomeGrp/ExclusionAmt015344
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015344
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02682885
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03550299
IRS990/IRPDocumentCnt060
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020151
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08329
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01209
IRS990/LandBldgEquipCostOrOtherBssAmt021360
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION DETERMINES THE PATENTABILITY AND OBTAINS PATENTS ON VIRGINIA COMMONWEALTH UNIVERSITY (VCU) INVENTIONS AND MARKETS AND LICENSES SUCH INVENTIONS TO COMMERICAL ENTITIES. THE FOUNDATION'S ACTIVITIES PROMOTE RESEARCH EFFORTS AT THE SCHOOL AND RESULTING ROYALTIES PROVIDE ECONOMIC SUPPORT FOR THE UNIVERSITY. THE FOUNDATION ALSO PROVIDES PATENT AND LICENSING CLINICS FOR VCU STUDENTS AND EMPLOYED APPROXIMATELY 1 VCU STUDENT AS AN INTERN OR PART-TIME EMPLOYEE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03394738
IRS990/NetAssetsOrFundBalancesEOYAmt04263734
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt042331
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt042331
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0948864
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03394738
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04263734
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02638
IRS990/OccupancyGrp/ProgramServicesAmt010553
IRS990/OccupancyGrp/TotalAmt013191
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01845
IRS990/OfficeExpensesGrp/ProgramServicesAmt06524
IRS990/OfficeExpensesGrp/TotalAmt08369
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ROYALTY DISTRIBUTIONS
IRS990/OtherExpensesGrp/Desc1PATENT DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2AWARDS
IRS990/OtherExpensesGrp/Desc3TECH DEVELOPMENT COSTS
IRS990/OtherExpensesGrp/ProgramServicesAmt01430672
IRS990/OtherExpensesGrp/ProgramServicesAmt1677136
IRS990/OtherExpensesGrp/ProgramServicesAmt2202197
IRS990/OtherExpensesGrp/ProgramServicesAmt331826
IRS990/OtherExpensesGrp/TotalAmt01430672
IRS990/OtherExpensesGrp/TotalAmt1677136
IRS990/OtherExpensesGrp/TotalAmt2202197
IRS990/OtherExpensesGrp/TotalAmt331826
IRS990/OtherLiabilitiesGrp/BOYAmt0292596
IRS990/OtherLiabilitiesGrp/EOYAmt0107102
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1LOSS FROM PARTNERSHIP
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03645
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-34360
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03645
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-34360
IRS990/OtherRevenueTotalAmt0-30715
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010548
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt042194
IRS990/OtherSalariesAndWagesGrp/TotalAmt052742
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0938
IRS990/PayrollTaxesGrp/ProgramServicesAmt03750
IRS990/PayrollTaxesGrp/TotalAmt04688
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021116
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021492
IRS990/PrincipalOfficerNm0DR IVELINA METCHEVA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0ROYALTY/LICENSE FEES
IRS990/ProgramServiceRevenueGrp/Desc1PATENT COST REIMBURSED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02409772
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1278038
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02409772
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1278038
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0144704
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt083115
IRS990/PYOtherExpensesAmt02591677
IRS990/PYOtherRevenueAmt056473
IRS990/PYProgramServiceRevenueAmt02158108
IRS990/PYRevenuesLessExpensesAmt0-235977
IRS990/PYSalariesCompEmpBnftPaidAmt086700
IRS990/PYTotalExpensesAmt02678377
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02442400
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-79868
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02657095
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0546001758
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02743221
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0VIRGINIA COMMONWEALTH UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02743221
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01427406
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01969572
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0542166
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01376813
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01427406
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt050593
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01200000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01376813
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0176813
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01200000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01200000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01209
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020151
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021360
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt049037
IRS990ScheduleD/ExpensesSubtotalAmt02886305
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt049037
IRS990ScheduleD/InvestmentExpensesNotIncldAmt049037
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0948864
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0107102
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO VCU
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01580727
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11969572
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VCU FOUNDATION FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MCV FOUNDATION FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0948864
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt049037
IRS990ScheduleD/RevenueSubtotalAmt02806437
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE TAXING AUTHORITIES FOR YEARS ENDING BEFORE JUNE 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01209
IRS990ScheduleD/TotalBookValueSecuritiesAmt03550299
IRS990ScheduleD/TotalExpensesPerForm990Amt02935342
IRS990ScheduleD/TotalLiabilityAmt0107102
IRS990ScheduleD/TotalRevenuePerForm990Amt02855474
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03755301
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02886305
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0165127
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,910,012
Liabilities
$646,278
Net assets
$4,263,734
Revenue
$2,855,474
Expenses
$2,935,342
Net income
-$79,868
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.34$0.55$5.79$3.95$3.15$0.79
2024Detailed filing. Detailed filing data is available for this year.$5.40$0.83$4.56$3.35$3.19$0.16
2023Detailed filing. Detailed filing data is available for this year.$4.76$0.77$3.98$2.81$2.99$0.18
2022Detailed filing. Detailed filing data is available for this year.$4.58$0.65$3.93$3.45$3.50$0.05
2021Detailed filing. Detailed filing data is available for this year.$4.91$0.65$4.26$2.86$2.94$0.08
2020Detailed filing. Detailed filing data is available for this year.$4.54$1.14$3.39$2.44$2.68$0.24
2019Detailed filing. Detailed filing data is available for this year.$4.24$0.66$3.58$2.55$2.89$0.35
2018Detailed filing. Detailed filing data is available for this year.$4.27$0.41$3.86$2.62$2.38$0.23
2017Detailed filing. Detailed filing data is available for this year.$7.02$1.98$5.04$6.66$4.33$2.33
2016Detailed filing. Detailed filing data is available for this year.$3.09$0.44$2.65$2.28$2.05$0.24
2015Detailed filing. Detailed filing data is available for this year.$2.73$0.28$2.44$2.44$1.91$0.53
2014Detailed filing. Detailed filing data is available for this year.$2.20$0.30$1.91$1.83$1.57$0.26
2013Summary only. Only limited summary data is available for this year.$2.04$0.20$1.84$1.25$1.27$0.02
2012Summary only. Only limited summary data is available for this year.$2.04$0.30$1.73$1.74$1.56$0.18
2011Summary only. Only limited summary data is available for this year.$1.94$0.29$1.65$1.19$1.07$0.12