VIRGINIA INNOVATION PARTNERSHIP CORPORATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- VIRGINIA INNOVATION PARTNERSHIP CORPORATION (EIN 54-1282820)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-12
- IRS object ID
- 202321329349300117
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-12T08:18:39-04:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541282820 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VIRGINIA INNOVATION PARTNERSHIP | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VIRG | BusinessNameControlTxt |
| Phone | 7036893021 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2214 ROCK HILL ROAD SUITE 600 | AddressLine1Txt |
| City | HERNDON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20170 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUSAN AITCHESON | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 7036893021 | PhoneNum |
| Signature | 2023-05-12 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SUSAN | PersonFirstNm |
| Person Last | AITCHESON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SUSAN AITCHESON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2214 ROCK HILL RD SUITE 600 | AddressLine1Txt |
| City | HERNDON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20170 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,793,161 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.VIRGINIAIPC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | VIPC GROWS AND DIVERSIFIES VIRGINIA'S ECONOMY BY INVESTING IN AND ACCELERATING INNOVATION COMMERCIALIZATION AND ENTREPRENEURSHIP. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 34 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $68,366,790 | PYContributionsGrantsAmt |
| CY Contributions Grants | $16,161,054 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $7,483,792 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,226,606 | CYProgramServiceRevenueAmt |
| PY Investment Income | $146,381 | PYInvestmentIncomeAmt |
| CY Investment Income | $384,438 | CYInvestmentIncomeAmt |
| PY Other Revenue | $64,643 | PYOtherRevenueAmt |
| CY Other Revenue | $21,063 | CYOtherRevenueAmt |
| PY Total Revenue | $76,061,606 | PYTotalRevenueAmt |
| CY Total Revenue | $22,793,161 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,303,199 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,723,931 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,165,915 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,993,537 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,181,140 | PYOtherExpensesAmt |
| CY Other Expenses | $16,261,470 | CYOtherExpensesAmt |
| PY Total Expenses | $21,650,254 | PYTotalExpensesAmt |
| CY Total Expenses | $25,978,938 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $54,411,352 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,185,777 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $80,085,835 | TotalAssetsBOYAmt |
| Total Assets EOY | $75,363,860 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,759,991 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,223,793 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $76,325,844 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $73,140,067 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | VIPC GROWS AND DIVERSIFIES VIRGINIA'S ECONOMY BY INVESTING IN AND ACCESLERATING INNOVATION COMMERCIALIZATION AND ENTREPRENEURSHIP. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $9,630,371 | ExpenseAmt |
| Revenue | $1,662,383 | RevenueAmt |
| Desc | VIRGINIA VENTURE PARTNERS (VVP) FOCUSES ON DIRECT INVESTMENTS TO MEET THE EARLY STAGE CAPITAL DEMANDS CHALLENGING THE COMMONWEALTH'S MOST PROMISING SCIENCE AND TECHNOLOGY BASED START-UPS WHOSE FUNDING REQUIREMENTS COULD NOT BE MET BY TRADITIONAL FINANCING MEANS. SINCE THE PROGRAM'S INCEPTION IN 2005, THE VVP PROGRAM HAS INVESTED 41.8M IN 275 SEED AND EARLY STAGE TECHNOLOGY, LIFE SCIENCE, AND ENERGY COMPANIES ACROSS THE COMMONWEALTH. VVP INVESTMENTS HAVE ATTRACTED 1.6B IN PRIVATE CAPITAL. PROGRAM SERVICE REVENUE CONSISTS OF PROCEEDS ON LIQUIDATED INVESTMENTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,407,127 | ExpenseAmt |
| Grant | $3,523,931 | GrantAmt |
| Desc | THE COMMONWEALTH COMMERCIALIZATION FUND (CCF) IS A COMMONWEALTH-FUNDED GRANT VEHICLE WITH PROGRAMS THAT SUPPORT SEED-STAGE PRIVATELY-HELD TECHNOLOGY COMPANIES AND PROMISING TECHNOLOGY COMMERCIALIZATION PROJECTS WITHIN VIRGINIA'S COLLEGES, UNIVERSITIES, AND OTHER NONPROFIT RESEARCH INSTITUTES. IN TOTAL WITH THE TWO PREDECESSOR PROGRAMS (COMMONWEALTH RESEARCH COMMERCIALIZATION FUND & VIRGINIA RESEARCH INVESTMENT FUND), MORE THAN 41.9M HAS BEEN AWARDED TO 468 PROJECTS. SINCE THE PROGRAM'S INCEPTION, AWARDEES HAVE REPORTED MORE THAN 970M IN FOLLOW-ON FUNDING AND MORE THAN 167M IN COMMERCIAL REVENUE. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,961,836 | ExpenseAmt |
| Revenue | $4,277,289 | RevenueAmt |
| Desc | UNDER VIPC'S CONTRACT WITH THE US DEPARTMENT OF HOMELAND SECURITY SCIENCE AND TECHNOLOGY DIRECTORATE IS THE SMART CITY IOT INNOVATION (SCITI LABS) COMMERCIAL FIRST INNOVATION PROGRAM. COMMERCIAL FIRST ENCOURAGES ENTREPRENEURS ALREADY SUCEEDING IN RELATED MARKETS TO INNOVATE IDEAS THAT ADDRESS THE UNIQUE NEEDS OF THE HOMELAND SECURITY AND PUBLIC SAFETY COMMUNITIES. KEY PRIORITIES INCLUDE DETECTION OF ENVIORNMENTAL THREATS, SMART BUILDINGS AND COMMUNITIES AND OTHER PUBLIC SAFETY. SCITI LABS HAS STRATEGICALLY POSITIONED THE COMMONWEALTH OF VIRGINIA TO ASSUME A NATIONAL LEADERSHIP ROLE IN THE PUBLIC SAFETY DOMAIN AS IT EVOLVES TO FACE THE NEW OPPORTUNIITES AND CHALLENGES ASSOCIATED WITH SMART COMMUNITIES. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,917,430 | ExpenseAmt |
| Revenue | $424,498 | RevenueAmt |
| Desc | EXPENSES 3,917,430 INCLUDING GRANTS OF 0, REVENUES 424,498 DESCRIPTION: OTHER PROGRAM SERVICES 1. ENTREPRENEURIAL ECOSYSTEMS 2. FEDERAL FUNDING ASSISTANCE PROGRAM 3. UNMANNED SYSTEMS 4. SMART COMMUNITIES | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $3,917,430 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $424,498 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $21,916,764 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 63 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 34 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUSAN AITCHESON | PersonNm |
| Phone | 7036893021 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2214 ROCK HILL RD SUITE 600 | AddressLine1Txt |
| City | HERNDON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20170 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| BOB STOLLE | |||||||||
| PRESIDENT & | 40.00 | Yes (X) | $303,313 | $0 | $56,568 | ||||
| TOM WEITHMAN | |||||||||
| CIO & VP | 40.00 | $254,273 | $0 | $60,290 | Yes (X) | ||||
| DAVE IHRIE | |||||||||
| CHIEF TECH O | 40.00 | $228,728 | $0 | $52,304 | Yes (X) | ||||
| SUSAN AITCHESON | |||||||||
| CFO | 40.00 | Yes (X) | $198,659 | $0 | $34,716 | ||||
| MARCO RUBIN | |||||||||
| DIR, INVESTM | 40.00 | $176,626 | $0 | $51,072 | Yes (X) | ||||
| SEAN MALLON | |||||||||
| VP COMMERCIA | 40.00 | $186,018 | $0 | $33,258 | Yes (X) | ||||
| ALEX EULER | |||||||||
| DIR, INVESTM | 40.00 | $141,383 | $0 | $37,424 | Yes (X) | ||||
| ED ALBRIGO | |||||||||
| PRES & CEO ( | 0.00 | $171,978 | $0 | $0 | Yes (X) | ||||
| KRISTAL PARKER | |||||||||
| DIRECTOR, HR | 40.00 | $130,011 | $0 | $35,987 | Yes (X) | ||||
| JEN O'DANIEL | |||||||||
| DIR, INVESTM | 40.00 | $137,275 | $0 | $27,493 | Yes (X) | ||||
| LESLIE WILLIAMS | |||||||||
| DIR, BUSINES | 40.00 | $135,734 | $0 | $27,275 | Yes (X) | ||||
| MONIQUE ADAMS | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| BARBARA BOYAN | |||||||||
| CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| RICHARD HALL | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| CHIEDO JOHN | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| KURT JOHN | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| ANDREW KO | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| CHRIS LONG | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| HONORABLE CAREN MERRICK | |||||||||
| VICE CHAIR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| PAULA SORRELL | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,063,998 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $416,387 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 18 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SMART CITY WORKS INC | |||||
| 7950 JONES BRANCH DR 8TH FLOOR | MCLEAN | VA | 22102 | SUBCONTRACTOR | $629,620 |
| SYNTHETIK APPLIED TECHNOLOGIES | |||||
| 28696 TREE FARM RD | PIERRE | SD | 57501 | SUBCONTRACTOR | $572,373 |
| MUTUALINK INC | |||||
| 1269 SOUTH BROAD STREET | WALLINGFORD | CT | 06492 | SUBCONTRACTOR | $562,960 |
| TECHNEXUS LLC | |||||
| 20 N WACKER DR STE 1200 | CHICAGO | IL | 60606 | SUBCONTRACTOR | $379,662 |
| AECOM | |||||
| 300 S GRAND AVE | LOS ANGELES | CA | 90071 | SUBCONTRACTOR | $308,700 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 22 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $16,044,554 | GovernmentGrantsAmt |
| All Other Contributions | $116,500 | AllOtherContributionsAmt |
| Total Contributions | $16,161,054 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| FEDERAL AND STATE AWARDS | 900099 | $4,594,294 | $4,594,294 |
| GAIN ON VVP INVESTMENT | 900099 | $1,407,312 | $1,407,312 |
| VVP PROGRAM REVENUE | 900099 | $225,000 | $225,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,226,606 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $384,438 | TotalRevenueColumnAmt |
| Exclusion | $384,438 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $21,063 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,063 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $21,063 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,793,161 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,247,669 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $384,438 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,723,931 | TotalAmt |
| Program Services | $3,723,931 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,469,868 | TotalAmt |
| Program Services | $468,690 | ProgramServicesAmt |
| Management And General | $1,001,178 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,229 | TotalAmt |
| Management And General | $13,229 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,210,776 | TotalAmt |
| Program Services | $1,841,517 | ProgramServicesAmt |
| Management And General | $1,369,259 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $379,047 | TotalAmt |
| Management And General | $379,047 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $610,067 | TotalAmt |
| Management And General | $610,067 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $310,550 | TotalAmt |
| Management And General | $310,550 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,490 | TotalAmt |
| Management And General | $93,490 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,730 | TotalAmt |
| Management And General | $72,730 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,276 | TotalAmt |
| Management And General | $53,276 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,605 | TotalAmt |
| Management And General | $28,605 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,580 | TotalAmt |
| Management And General | $331,580 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,279 | TotalAmt |
| Management And General | $18,279 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,064 | TotalAmt |
| Management And General | $10,064 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $335,732 | TotalAmt |
| Management And General | $335,732 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,363 | TotalAmt |
| Management And General | $70,363 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| INVESTMENT DIVISION | $8,253,402 | $8,253,402 | |
| STRATEGIC INITIATIVES | $4,930,914 | $4,930,914 | |
| UNMANNED SYSTEMS | $1,105,094 | $1,105,094 | |
| OTHER EXPENSES | $957,941 | $624,605 | $333,336 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Program Services | $968,611 | ProgramServicesAmt |
| Management And General | -$968,611 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,978,938 | TotalAmt |
| Program Services | $21,916,764 | ProgramServicesAmt |
| Management And General | $4,062,174 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $337 | BOYAmt |
| EOY | $337 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,229,199 | BOYAmt |
| EOY | $73,674,050 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,588,344 | BOYAmt |
| EOY | $1,111,667 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $266,449 | BOYAmt |
| EOY | $188,575 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,506 | BOYAmt |
| EOY | $389,231 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,085,835 | BOYAmt |
| EOY | $75,363,860 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,759,991 | BOYAmt |
| EOY | $1,827,158 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $396,635 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,759,991 | BOYAmt |
| EOY | $2,223,793 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,325,844 | BOYAmt |
| EOY | $73,140,067 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,325,844 | BOYAmt |
| EOY | $73,140,067 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,085,835 | BOYAmt |
| EOY | $75,363,860 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$3,185,777 | ReconcilationRevenueExpnssAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,657,894 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,066,098 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,890,091 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $68,366,790 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,161,054 | CurrentTaxYearAmt |
| Total | $120,141,927 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,657,894 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,066,098 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,890,091 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $68,366,790 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,161,054 | CurrentTaxYearAmt |
| Total | $120,141,927 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $120,141,927 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $355,601 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $309,688 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $362,822 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $146,381 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $384,438 | CurrentTaxYearAmt |
| Total | $1,558,930 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $493,355 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,651,084 | CurrentTaxYearMinus3YearsAmt |
| Total | $2,144,439 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $123,845,296 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $27,528,841 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97010 | PublicSupportCY170Pct |
| Public Support PY170 | 0.97090 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 10 | FormAndLineReferenceDesc |
| Explanation | GAIN ON GAP INVESTMENT 2,016,603 MISC & COLLECTION OF DOUBTFUL ACCTS 127,836 | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $2,348 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $2,348 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE C, PART IV | FormAndLineReferenceDesc |
| Explanation | PT II - B LINE 1: VIPC STAFF ENGAGES WITH COMMONWEALTH OF VIRGINIA LEGISLATORS AND THEIR STAFF REGARDING FUNDING RELATED TO THE EXECUTION OF VIPC'S MISSION. | ExplanationTxt |
Schedule D IRS990ScheduleD
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAPITAL LEASE LIABILITY | Desc |
| Amt | $396,635 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $396,635 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (66 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|---|
| 3 RIDGE TECHNOLOGIES | ||||||||
| 300 RUTHERFORD ST | LYNCHBURG | VA | 24501 | 850898756 | $40,000 | RESEARCH | ||
| 3GIRLSTECH INC DBA GREENLIST | ||||||||
| 217 FOREST DR | FALLS CHURCH | VA | 22046 | 873591382 | $45,000 | RESEARCH | ||
| 757 ACCELERATE INC | ||||||||
| 400 GRANBY ST | NORFOLK | VA | 23507 | 823232312 | $100,000 | RESEARCH | STE 115 | 501C3 |
| AGROSPHERES INC | ||||||||
| 1180 SEMINOLE TRAIL SUITE 100 | CHARLOTTESVILLE | VA | 22901 | 822380914 | $40,000 | RESEARCH | ||
| APPLIED IMPACT ROBOTICS INC | ||||||||
| 45449 SEVERN WAY | STERLING | VA | 20166 | 843002018 | $45,000 | RESEARCH | SUITE 165 | |
| ATWORK SYSTEMS LLC | ||||||||
| 1530 WILSON BLVD SUITE 650 | ARLINGTON | VA | 22209 | 813554723 | $40,000 | RESEARCH | ||
| BABYLON MICROFARMS INC | ||||||||
| 3409 CARLTON ST | RICHMOND | VA | 23230 | 811434018 | $38,250 | RESEARCH | ||
| BCMSTREATEGY INC | ||||||||
| 2700 NEABSCO COMMON PL | WOODBRIDGE | VA | 22191 | 824337416 | $45,000 | RESEARCH | SUITE 101 | |
| BEAM DIAGNOSTICS INC | ||||||||
| 709 S JEFFERSON ST | ROANOKE | VA | 24016 | 821956482 | $40,000 | RESEARCH | ||
| BLACKBOILER INC | ||||||||
| 1537 N IVANHOE ST | ARLINGTON | VA | 22205 | 811224154 | $60,000 | RESEARCH | ||
| BONUMOSE INC | ||||||||
| 1725 DISCOVERY DR | CHARLOTTESVILLE | VA | 22911 | 823134684 | $100,000 | RESEARCH | SUITE 220 | |
| BRACHYFOAM INC | ||||||||
| 722 PRESTON AVE SUITE 108 | CHARLOTTESVILLE | VA | 22903 | 463137920 | $40,000 | RESEARCH | ||
| CAREKEEPERS INC DBA SENIOR RUNS | ||||||||
| 11815 FOUNTAIN WAY | NEWPORT NEWS | VA | 23606 | 461456854 | $45,000 | RESEARCH | SUITE 300 | |
| CAZA HEALTH LLC | ||||||||
| 379 REAS FORD RD SUITE 1 | EARLYSVILLE | VA | 22936 | 834159970 | $39,898 | RESEARCH | ||
| CERILLO INC | ||||||||
| 1516 CHERRY AVE | CHARLOTTESVILLE | VA | 22903 | 812377319 | $40,000 | RESEARCH | ||
| CHARLOTTESVILLE BIO HUB | ||||||||
| 700 HARRIS ST | CHARLOTTESVILLE | VA | 22903 | 853846184 | $100,000 | RESEARCH | SUITE 102 | 501C3 |
| CONTRALINE INC | ||||||||
| 1216 HARRIS STREET | CHARLOTTESVILLE | VA | 22903 | 815416830 | $99,998 | RESEARCH | ||
| CYBRBASE INC | ||||||||
| 8629 JANET LANE | VIENNA | VA | 22180 | 880884495 | $20,000 | RESEARCH | ||
| CYTORECOVERY INC | ||||||||
| 1872 PRATT DR | BLACKSBURG | VA | 24060 | 824422957 | $45,000 | RESEARCH | SUITE 1350 | |
| ECOUNTABL INC | ||||||||
| 728 PAYNE ST | ALEXANDRIA | VA | 22314 | 842604692 | $45,000 | RESEARCH | ||
| ENABLED MANUFACTURING LLC | ||||||||
| 2903 COMMERCE ST | BLACKSBURG | VA | 24060 | 842983180 | $45,000 | RESEARCH | SUITE D | |
| EVIZIA INC | ||||||||
| 10931 LANSDOWNE TER | MIDLOTHIAN | VA | 23113 | 862209160 | $45,000 | RESEARCH | ||
| FEDERAL FOUNDRY LLC | ||||||||
| 2011 CRYSTAL DR SUITE 400 | ARLINGTON | VA | 22202 | 811587016 | $40,000 | RESEARCH | ||
| FEND INCORPORATED | ||||||||
| 4600 FAIRFAX DR SUITE 410 | ARLINGTON | VA | 22203 | 830880904 | $40,000 | RESEARCH | ||
| FISHERH20 LLC | ||||||||
| 320 GREENWAY LANE | RICHMOND | VA | 23226 | 830596277 | $45,000 | RESEARCH | ||
| GPX LLC | ||||||||
| 9705 OLD COUNTRY TRACE | HENRICO | VA | 23238 | 834058089 | $100,000 | RESEARCH | ||
| GRANTABLE INC | ||||||||
| 1717 EAST CARY ST | RICHMOND | VA | 23223 | 874531619 | $75,000 | RESEARCH | ||
| GREENTECH VENTURES INC | ||||||||
| 13615 BARE ISLAND DR | CHANTILLY | VA | 20151 | 822201551 | $40,000 | RESEARCH | ||
| GUARDIAN SCORE LLC | ||||||||
| 44679 ENDICOTT ST | ASHBURN | VA | 20147 | 863848701 | $18,000 | RESEARCH | SUITE 300 551 | |
| HAPPY ACTIVE FAMILY DBA HAPPYLY INC | ||||||||
| 1201 WILSON BLVD | ARLINGTON | VA | 22209 | 833224984 | $45,000 | RESEARCH | ||
| ICARUS MEDICAL LLC | ||||||||
| 105 E MAIN ST | CHARLOTTESVILLE | VA | 22902 | 843239766 | $50,000 | RESEARCH | ||
| INDUSTRIAL INTELLIGENCE INC | ||||||||
| 4037 FRANCES BERKELEY | WILLIAMSBURG | VA | 23188 | 843674509 | $75,000 | RESEARCH | ||
| INFINATI LLC DBA CORVUS LABS LLC | ||||||||
| 2200 KRAFT DR | BLACKSBURG | VA | 24060 | 824258042 | $52,500 | RESEARCH | SUITE 1050 1009 | |
| ITUS DIGITAL | ||||||||
| 7042 CAMPBELL DR | SALEM | VA | 24153 | 843362358 | $40,000 | RESEARCH | ||
| IVYSYS TECHNOLOGIES LLC | ||||||||
| 4501 FAIRFAX DR | ARLINGTON | VA | 22203 | 870755160 | $45,000 | RESEARCH | SUITE 920 | |
| JEDERZEIT BEREIT LLC | ||||||||
| 7154 WOODLAND DR | SPRINGFIELD | VA | 22151 | 845149417 | $45,000 | RESEARCH | ||
| JEEVA INFORMATIC SOLUTIONS | ||||||||
| 10432 BALLS FORD RD | MANASSAS | VA | 20109 | 833712475 | $40,000 | RESEARCH | ||
| KINOMETRIX INC | ||||||||
| 6935 INLET COVE DR | FORT BELVOIR | VA | 22060 | 821480616 | $20,000 | RESEARCH | ||
| LASER THERMAL ANALYSIS INC | ||||||||
| 1717 ALLIED LANE SUITE B | CHARLOTTESVILLE | VA | 22903 | 863503351 | $20,000 | RESEARCH | ||
| LEADING EDGE ADVANCES FIBERS INC | ||||||||
| 4006 HUNTERSTAND CT | CHARLOTTESVILLE | VA | 22911 | 842188016 | $40,000 | RESEARCH | SUITE 101 | |
| LEVELFIELDS INC | ||||||||
| 1934 OLD GALLOWS RD | VIENNA | VA | 22182 | 852711847 | $45,000 | RESEARCH | SUITE 350 | |
| LI INDUSTRIES INC | ||||||||
| 1872 PRATT DR SUITE 1500 | BLACKSBURG | VA | 24060 | 821643125 | $40,000 | RESEARCH | ||
| MAYFAIR GROUP LLC DBA CLAIMEDGE | ||||||||
| 150 W MAIN ST | NORFOLK | VA | 23510 | 823928136 | $45,000 | RESEARCH | SUITE 1500 | |
| MOVA TECHNOLOGIES INC | ||||||||
| 29 W MAIN ST | PULASKI | VA | 24301 | 455392693 | $40,000 | RESEARCH | ||
| NEXTQORE INC | ||||||||
| 7950 JONES BRANCH DR | MCLEAN | VA | 22102 | 850596866 | $45,000 | RESEARCH | 8TH FLOOR | |
| NOVI LLC | ||||||||
| 2800 SHIRLINGTON RD SUITE 801 | ARLINGTON | VA | 22206 | 360541409 | $39,250 | RESEARCH | ||
| OLD DOMINION UNIVERSITY | ||||||||
| PO BOX 6369 | NORFOLK | VA | 23508 | 546068198 | $60,000 | RESEARCH | 501C3 | |
| ONCLAVE NETWORKS INC | ||||||||
| 7950 JONES BRANCH DR 805 | MCLEAN | VA | 22102 | 814580797 | $40,000 | RESEARCH | ||
| PERFUSION MEDICAL INC | ||||||||
| 12110 SUNSET HILLS RD | RESTON | VA | 20190 | 850641446 | $45,000 | RESEARCH | SUITE 600 | |
| PROJECT MONGOOSE LLC | ||||||||
| 7008 BANDY RD | HENRICO | VA | 23229 | 842091648 | $45,000 | RESEARCH | ||
| PSIONIC LLC | ||||||||
| 1100 EXPLORATION WAY 209 | HAMPTON | VA | 23666 | 812205692 | $40,000 | RESEARCH | ||
| RESALE GLOBAL INC DBA ARAVENDA | ||||||||
| 1934 OLD GALLOWS RD | VIENNA | VA | 22182 | 844846479 | $75,000 | RESEARCH | SUITE 404 | |
| RIMSTORM INC | ||||||||
| 205 VAN BUREN ST SUITE 120 | HERNDON | VA | 20170 | 822925854 | $40,000 | RESEARCH | ||
| ROYELLES INC | ||||||||
| 12915 SWEDES ST | FAIRFAX | VA | 22030 | 821613318 | $45,000 | RESEARCH | ||
| SERVICE ROBOTICS & TECHNOLOGIES | ||||||||
| 2231 CRYSTAL DR SUITE 1000 | ARLINGTON | VA | 22202 | 463757946 | $99,999 | RESEARCH | ||
| SUNE LLC DBA BLOOMRAIL | ||||||||
| 1717 E CARY ST | RICHMOND | VA | 23227 | 842641557 | $45,000 | RESEARCH | ||
| SVT ROBOTICS INC | ||||||||
| 730 W 20TH ST | NORFOLK | VA | 23517 | 371953788 | $40,000 | RESEARCH | ||
| SYLLAB SYSTEMS INC | ||||||||
| 10432 BALLS FORD RD | MANASSAS | VA | 20109 | 352674767 | $45,000 | RESEARCH | SUITE 300 | |
| TEAM EXCEL INC | ||||||||
| 1717 E CARY ST | RICHMOND | VA | 23227 | 842254120 | $45,000 | RESEARCH | ||
| TERRAVIVE LLC | ||||||||
| 1717 E CARY ST | RICHMOND | VA | 23227 | 822361511 | $45,000 | RESEARCH | ||
| TOTEM SYSTEMS INC | ||||||||
| 1717 E CARY ST | RICHMOND | VA | 23223 | 822675630 | $40,000 | RESEARCH | ||
| TRANSFOAM LLC | ||||||||
| 8200 DICK WOODS RD | AFTON | VA | 22920 | 850648435 | $20,000 | RESEARCH | ||
| TYMPANOGEN INC | ||||||||
| 800 E LEIGH ST | RICHMOND | VA | 23219 | 364821323 | $30,000 | RESEARCH | ||
| UNIVERSITY OF VIRGINIA | ||||||||
| 1001 N EMMET ST | CHARLOTTESVILLE | VA | 22904 | 546001796 | $60,000 | RESEARCH | 501C3 | |
| VIRGINIA TECH | ||||||||
| 300 TURNER ST NW SUITE 4200 | BLACKSBURG | VA | 24061 | 546001805 | $581,036 | RESEARCH | 501C3 | |
| VISUAL WORKFORCE INC | ||||||||
| 1717 E CARY ST | RICHMOND | VA | 23223 | 821086736 | $40,000 | RESEARCH | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
| Total Other Org | 66 | TotalOtherOrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| BOB STOLLE | |||||
| PRESIDENT & CEO | $300,000 | $3,313 | $36,000 | $20,568 | $359,881 |
| TOM WEITHMAN | |||||
| CIO & VP | $252,263 | $2,010 | $30,272 | $30,018 | $314,563 |
| DAVE IHRIE | |||||
| CHIEF TECH OFFICER | $225,415 | $3,313 | $27,050 | $25,254 | $281,032 |
| SUSAN AITCHESON | |||||
| CFO | $196,649 | $2,010 | $23,598 | $11,118 | $233,375 |
| MARCO RUBIN | |||||
| DIR, INVESTMENT SVCS | $174,616 | $2,010 | $20,954 | $30,118 | $227,698 |
| SEAN MALLON | |||||
| VP COMMERCIALIZATION | $184,500 | $1,518 | $22,140 | $11,118 | $219,276 |
| ALEX EULER | |||||
| DIR, INVESTMENT SVCS | $140,463 | $920 | $16,856 | $20,568 | $178,807 |
| ED ALBRIGO | |||||
| PRES & CEO (FORMER) | $171,978 | $171,978 | |||
| KRISTAL PARKER | |||||
| DIRECTOR, HR | $128,493 | $1,518 | $15,419 | $20,568 | $165,998 |
| JEN O'DANIEL | |||||
| DIR, INVESTMENT SVCS | $136,461 | $814 | $16,375 | $11,118 | $164,768 |
| LESLIE WILLIAMS | |||||
| DIR, BUSINESS OPER | $134,643 | $1,091 | $16,157 | $11,118 | $163,009 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PAGE 1, PART I, LINE 4 | FormAndLineReferenceDesc |
| Explanation | ED ALBRIGO 171,978 0 0 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | FORM 990, SCHEDULE J, PART I LINE 4A: ALL OF THE AMOUNT LISTED PART II LINE 1 B(III) IS ATTRIBUTABLE TO SEVERANCE. |
| FORM 990, PAGE 2, PART III, LINE 4D | EXPENSES 3,917,430 INCLUDING GRANTS OF 0, REVENUES 424,498 DESCRIPTION: OTHER PROGRAM SERVICES 1. ENTREPRENEURIAL ECOSYSTEMS 2. FEDERAL FUNDING ASSISTANCE PROGRAM 3. UNMANNED SYSTEMS 4. SMART COMMUNITIES |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 WAS PREPARED BY THE CONTROLLER, REVIEWED BY THE CFO, AND PROVIDED TO VIPC'S OFFICERS AND BOARD OF DIRECTORS, WHO WERE REQUESTED TO PROVIDE COMMENTS AND QUESTIONS PRIOR TO SUBMISSION. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ALL VIPC EMPLOYEES PROVIDE A FINANCIAL DISCLOSURE STATEMENT ANNUALLY. THE STATEMENT INCLUDES THE NAME OF ANY ORGANIZATION THAT VIPC WORKS WITH IN WHICH THE EMPLOYEE HOLDS A SECURITY OR EQUITY INTEREST, IS A DIRECTOR OR OFFICER, OR HAS RECEIVED ANY GIFTS, PAYMENTS OR ANY TYPE OF COMPENSATION OFMORE THAN A NOMINAL VALUE. IN ADDITION, THE PRESIDENT AND CEO IS REQUIRED TO NOTIFY THE CHAIRMAN OF THE BOARD OF DIRECTORS, IN WRITING, OF ALL AFFILIATIONS WITH ANY INDIVIDUAL OR ORGANIZATION THAT SOLICITS VIPC SERVICES. THE DIRECTORS PROVIDE A FINANCIAL DISCLOSURE STATEMENT TO THE SECRETARY OF THE COMMONWEALTH OF VIRGINIA ANNUALLY. THE STATEMENT INCLUDES INFORMATION REGARDING PERSONAL AND BUSINESS FINANCIAL INTERESTS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COMPENSATION OF THE PRESIDENT AND CEO IS SET BY THE BOARD OF DIRECTORS. SEE SCHEDULE J, LINE 3 FOR MORE INFORMATION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | VIPC'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. THE AUDITED FINANCIAL STATEMENTS OF THE VIRGINIA INNOVATION PARTNERSHIP AUTHORITY (VIPA) AND ITS BLENDED COMPONENT UNIT, VIRGINIA INNOVATION PARTNERSHIP CORPORATION (VIPC), ARE AVAILABLE ON THE AUDITOR OF PUBLIC ACCOUNTS WEBSITE, WWW.APA.VIRGINIA.GOV. |
| FORM 990, PART X | PART X LINE 13: PROGRAM RELATED INVESTMENTS ARE COMPRISED OF VIRGINIA VENTURE PARTNERS EQUITY POSITIONS IN 99 COMPANIES. VIPC HAS NOT RECORDED THE VALUE OF THESE EQUITY SECURITIES ON THE BALANCE SHEET, AS THESE INVESTMENTS DO NOT HAVE A READY MARKET TO INDICATE THEIR MARKET VALUE. NONE OF THESE INVESTMENTS ARE TRADED ON AN OPEN MARKET, NOR DO THEY HAVE A CLEAR SECONDARY MARKET. IF AND WHEN THEY ARE TRADED ON AN OPEN MARKET, VIPC RECORDS THEM AS ASSETS ON THE BALANCE SHEET. |
| FORM 990, PART XII | PART XII LINE 2C: THE VIPA BOARD OF DIRECTORS MEETS ANNUALLY WITH THE AUDITOR OF PUBLIC ACCOUNTS TO RECEIVE THE RESULTS OF THE ANNUAL AUDIT. THE BOARD OF DIRECTORS DOES NOT OVERSEE THE SELECTION OF THE INDEPENDENT AUDITOR. AS THE NON-STOCK, NOT-FOR-PROFIT CORPORATION WHICH ACTS AS THE OPERATING ARM OF VIPA, VIPC'S FINANCIAL STATEMENTS ARE AUDITED ANNUALLY DURING THE AUDIT OF VIPA'S FINANCIAL STATEMENTS. SECTION 2.2-2355 OF THE CODE OF VIRGINIA STATES THAT THE ACCOUNTS AND BOOKS OF VIPA WILL BE EXAMINED BY THE AUDITOR OF PUBLIC ACCOUNTS. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VA INNOVATION PARTNERSHIP AUTHORITY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2214 ROCK HILL RD STE 600 | AddressLine1Txt |
| City | HERNDON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20170 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541491096 | EIN |
| Primary Activities | ACCEL TECH | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Comments