Civic Intelligence

UT Prosim Foundation

990EZ • Fiscal year 2024 • EIN 88-0676933

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

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

95th percentile

1.04x

Higher debt load relative to assets than 95% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

40.83x

Higher debt load relative to revenue than 100% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

1st percentile

-1755%

Higher net margin than 1% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

41st percentile

-3.1%

Faster asset growth than 41% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-97%

Faster revenue growth than 2% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$159,200

Down $5,146 (-3.1%) from 2023

Net Assets

Down

-$5,615

Down $137,001 (-104%) from 2023

Liabilities

Up

$164,815

Up $131,855 (+400%) from 2023

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$4,037

Down $124,944 (-97%) from 2023

Expenses

Down

$74,875

Down $2,955 (-3.8%) from 2023

Net Income

Down

-$70,838

Down $121,989 (-238%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2024

Assets$159,200
Liabilities$164,815
Net Assets-$5,615
Open 2024 Filing

Operations Trend

Revenue Growth2nd 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

2024

Revenue$4,037
Expenses$74,875
Net Income-$70,838
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$4,037
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$74,876
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TERRI MITCHELLBoard Member-$0--
DWAYNE PINKNEYBoard Member-$0--
RICCARDO BIAGGIBoard Member-$0--
ELIZABETH A MCCLANAHANChairperson-$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
2025-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Grant Thornton Advisors LLC
Address
1000 WILSON BOULEVARD SUITE 1500, ARLINGTON, VA 22209
Preparer
Mary Torretta
Phone
7038477500
Supplemental Narrative

Additional Explanations

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

“Description: currency translation gain. Amount: 64.”

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

“Description: travel. Amount: 53,099. Description: general liability insurance. Amount: 966. Description: meals. Amount: 860. Description: service charges. Amount: 81. Total to form 990-ez, line 16: 55,006.”

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

“Description: prior period adjustment. Amount: -66,163.”

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

“Description: due to third parties. Beg. Of year amount: 15,200. End of year amount: 58,088. Description: due to vtf. Beg. Of year amount: 17,760. End of year amount: 106,727.”

Raw XML Appendix146 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BLACKSBURG
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd024061
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD MEMBER
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IRS990EZ/OperateHospitalInd00
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IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherChangesInNetAssetsAmt0-66163
IRS990EZ/OtherExpensesTotalAmt055006
IRS990EZ/OtherRevenueTotalAmt064
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IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SUPPORT 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt074876
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt032960
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CURRENCY TRANSLATION GAIN - 2022 AMOUNT: $ 9,938. 2023 AMOUNT: $ 64.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0111085
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0234101
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03973
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0234101
IRS990ScheduleA/TotalSupportAmt0244103
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: CURRENCY TRANSLATION GAIN. AMOUNT: 64.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: TRAVEL. AMOUNT: 53,099. DESCRIPTION: GENERAL LIABILITY INSURANCE. AMOUNT: 966. DESCRIPTION: MEALS. AMOUNT: 860. DESCRIPTION: SERVICE CHARGES. AMOUNT: 81. TOTAL TO FORM 990-EZ, LINE 16: 55,006.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -66,163.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DUE TO THIRD PARTIES. BEG. OF YEAR AMOUNT: 15,200. END OF YEAR AMOUNT: 58,088. DESCRIPTION: DUE TO VTF. BEG. OF YEAR AMOUNT: 17,760. END OF YEAR AMOUNT: 106,727.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH A MCCLANAHAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05402312265
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UT PROSIM FOUNDATION
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ReturnHeader/Filer/EIN0880676933
ReturnHeader/Filer/PhoneNum05402315751
ReturnHeader/Filer/USAddress/AddressLine1Txt0902 PRICES FORK RD 4000
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0991856619
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022209
ReturnHeader/PreparerPersonGrp/PhoneNum07038477500
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY TORRETTA
ReturnHeader/ReturnTs02025-05-14T17:58:58-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$159,200
Liabilities
$164,815
Net assets
-$5,615
Revenue
$4,037
Expenses
$74,875
Net income
-$70,838
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