Civic Intelligence

UT Prosim Foundation

990EZ • Fiscal year 2023 • EIN 88-0676933

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

Organization ProfileN/A
902 Prices Fork Rd 4000Blacksburg, VA 24061

(540) 231-5751

Siviq Scores

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

Liabilities / Assets

84th percentile

0.20x

Higher debt load relative to assets than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

0.26x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

86th percentile

40%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

59th percentile

6.3%

Faster asset growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

16%

Faster revenue growth than 62% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$164,346

Up $9,766 (+6.3%) from 2022

Net Assets

Up

$131,386

Up $51,151 (+64%) from 2022

Liabilities

Down

$32,960

Down $41,385 (-56%) from 2022

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin86th percentile

Revenue

Up

$128,981

Up $17,896 (+16%) from 2022

Expenses

Down

$77,830

Down $11,108 (-12%) from 2022

Net Income

Up

$51,151

Up $29,004 (+131%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$200K$150K$100K$50K$0-$50KAssets 2022: $154,580Liabilities 2022: $74,345Net Assets 2022: $80,2352022Assets 2023: $164,346Liabilities 2023: $32,960Net Assets 2023: $131,3862023Assets 2024: $159,200Liabilities 2024: $164,815Net Assets 2024: -$5,6152024

Highlighted filing

2023

Assets$164,346
Liabilities$32,960
Net Assets$131,386
Open 2023 Filing

Operations Trend

Revenue Growth62nd percentile

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

$150K$100K$50K$0-$50K-$100KRevenue 2022: $111,085Expenses 2022: $88,938Net Income 2022: $22,1472022Revenue 2023: $128,981Expenses 2023: $77,830Net Income 2023: $51,1512023Revenue 2024: $4,037Expenses 2024: $74,875Net Income 2024: -$70,8382024

Highlighted filing

2023

Revenue$128,981
Expenses$77,830
Net Income$51,151
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$128,981
Mission and Program Overview

Mission

Support and management of cultural, research, academic, and outreach activities in connection with the virginia tech foundation, inc and the virginia polytechnic institute and state university. The entity will provide funds to virginia tech foundation or virginia tech for distribution as per donor designated purpose.

Program Services

DescriptionGrantsExpenses
SUPPORT AND MANAGEMENT OF CULTURAL, RESEARCH, ACADEMIC, AND OUTREACH ACTIVITIES IN CONNECTION WITH THE VIRGINIA TECH FOUNDATION, INC AND THE VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY.$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TERRI MITCHELLBoard Member-$0--
SARA STEINERT-BORELLABoard Member-$0--
CATHERINE POTTERBoard Member-$0--
RICCARDO BIAGGIBoard Member-$0--
ELIZABETH A MCCLANAHANChairman-$0--
Filing and Contact Details

Filer

Filer Name
Ut Prosim Foundation
EIN
88-0676933
Phone
5402315751
Address
902 PRICES FORK RD 4000, BLACKSBURG, VA 24061

Signing Officer

Name
Elizabeth a Mcclanahan
Title
Chairman
Phone
5402312265
Signed
2024-05-14
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: currency translation gain. Amount: 9,938.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: travel. Amount: 43,746. Description: reinvestment fund assessment. Amount: 5,000. Description: other expenses. Amount: 411. Total to form 990-ez, line 16: 49,157.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to third parties. Beg. Of year amount: 15,346. End of year amount: 15,200. Description: due to vtf. Beg. Of year amount: 58,999. End of year amount: 17,760.”

Raw XML Appendix160 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CHAIRMAN
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt049157
IRS990EZ/OtherRevenueTotalAmt09938
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IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt077830
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0128981
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: CURRENCY TRANSLATION GAIN. AMOUNT: 9,938.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/Filer/EIN0880676933
ReturnHeader/Filer/PhoneNum05402315751
ReturnHeader/Filer/USAddress/AddressLine1Txt0902 PRICES FORK RD 4000
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ReturnHeader/PreparerPersonGrp/PhoneNum05403450936
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY G BARBOUR
ReturnHeader/ReturnTs02024-05-15T13:31:22-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ELIZABETH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCCLANAHAN
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$164,346
Liabilities
$32,960
Net assets
$131,386
Revenue
$128,981
Expenses
$77,830
Net income
$51,151
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.59$1.65$0.06$0.04$0.75$0.71
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.33$1.31$1.29$0.78$0.51
2022Detailed filing. Detailed filing data is available for this year.$1.55$0.74$0.80$1.11$0.89$0.22