VIRGINIA INNOVATION PARTNERSHIP CORPORATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- VIRGINIA INNOVATION PARTNERSHIP CORPORATION (EIN 54-1282820)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-09-08
- IRS object ID
- 202222519349301117
- Schema version
- 2020v4.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-09-08T12:25:15-04:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | 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 | 2022-05-15 | 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 | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BOB STOLLE | PrincipalOfficerNm |
| Gross Receipts | $76,061,606 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| 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 | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 32 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $12,890,091 | PYContributionsGrantsAmt |
| CY Contributions Grants | $68,366,790 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $15,242,753 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $7,483,792 | CYProgramServiceRevenueAmt |
| PY Investment Income | $362,822 | PYInvestmentIncomeAmt |
| CY Investment Income | $146,381 | CYInvestmentIncomeAmt |
| CY Other Revenue | $64,643 | CYOtherRevenueAmt |
| PY Total Revenue | $28,495,666 | PYTotalRevenueAmt |
| CY Total Revenue | $76,061,606 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,553,938 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,303,199 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,114,885 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,165,915 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,694,658 | PYOtherExpensesAmt |
| CY Other Expenses | $10,181,140 | CYOtherExpensesAmt |
| PY Total Expenses | $16,363,481 | PYTotalExpensesAmt |
| CY Total Expenses | $21,650,254 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $12,132,185 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $54,411,352 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $23,262,960 | TotalAssetsBOYAmt |
| Total Assets EOY | $80,085,835 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,428,870 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,759,991 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $21,834,090 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $76,325,844 | 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 | $6,862,847 | ExpenseAmt |
| Grant | $5,903,199 | GrantAmt |
| Desc | THE COMMONWEALTH COMMERCIALIZATION FUND (CCF), INCLUDING ITS PREDECSSOR PROGRAMS THE COMMONWEALTH RESEARCH COMMERCIALIZATION FUND (CRCF) AND THE VIRGINIA RESEARCH INVESTMENT FUND (VRIF), DRIVES ECONOMIC GROWTH IN THE COMMONWEALTH BY INVESTING IN HIGH-POTENTIAL TECHNOLOGIES THAT CAN POSITION VIRGINIA AS A NATIONAL LEADER IN SCIENCE AND TECHNOLOGY BASED RESEARCH, DEVELOPMENT AND COMMERCIALIZATION. IN TOTAL, MORE THAN 39M HAS BEEN AWARDED TO 417 PROJECTS ACCROSS THE LIFESPAN OF THE THREE PROGRAMS. SINCE THE PROGRAM'S INCEPTION, AWARDEES HAVE REPORTED MORE THAN 775M IN FOLLOW- ON FUNDING AND MORE THAN 20M IN IN-KIND CONTRIBUTIONS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,089,738 | ExpenseAmt |
| Revenue | $3,250,669 | RevenueAmt |
| Desc | THE GROWTH ACCELERATION PROGRAM (GAP) FUND WAS ESTABLISHED 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. GAP FUND INVESTMENTS ARE GOVERNED BY THE GOAL OF DEVELOPING THE NEXT GENERATION OF VIRGINIA'S SCIENCE AND TECHNOLOGY ECONOMY AND THE ENTREPRENEURIAL ECOSYSTEM REQUIRED TO SUPPORT THAT ECONOMY. SINCE THE PROGRAM'S INCEPTION IN 2005, THE GAP FUND PROGRAM HAS INVESTED 34.7M IN 257 SEED AND EARLY STAGE TECHNOLOGY, LIFE SCIENCE, AND ENERGY COMPANIES ACROSS THE COMMONWEALTH. GAP INVESTMENTS HAVE ATTRACTED IN 1.3B IN PRIVATE CAPITAL. PROGRAM SERVICE REVENUE CONSISTS OF PROCEEDS ON LIQUIDATED GAP INVESTMENTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,755,422 | ExpenseAmt |
| Revenue | $4,054,195 | RevenueAmt |
| Desc | UNDER VIPC'S CONTRACT WITHTHE US DEPARTMENT OF HOMELAND SECURITY SCIENCE AND TECHNOLOGY DIRECTORATE, THE SMART CITY IOT INNOVATION (SCITI LABS) PROGRAM PIONEERED A NEW APPROACH TO R&D, COMMERCIAL FIRST INNOVATION (TM) DESIGNED TO SPEED DELIVERY OF INNOVATIVE TECHNOLOGIES TO FIRST RESPONDERS. 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. 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 | $2,529,571 | ExpenseAmt |
| Revenue | $63,414 | RevenueAmt |
| Desc | EXPENSES 2,529,571 INCLUDING GRANTS OF 0, REVENUES 63,414 DESCRIPTION: OTHER PROGRAM SERVICES 1. ENTREPRENEUR ECOSYSTEMS 2. COMMONWEALTH SUPPORT PROGRAMS 3. UNMANNED SYSTEMS 4. OTHER STRATEGIC INITIATIVES | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $2,529,571 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $63,414 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $18,237,578 | 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 | false | 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 | 52 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 32 | 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 |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| 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 | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | 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 | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| 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 | AddressLine1Txt |
| Address Line2 | SUITE 600 | AddressLine2Txt |
| City | HERNDON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20170 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| ED ALBRIGO | ||||||||
| PRESIDENT AN | 40.00 | Yes (X) | $334,598 | $0 | $19,454 | |||
| TOM WEITHMAN | ||||||||
| MANAGING DIR | 40.00 | $248,121 | $0 | $58,273 | Yes (X) | |||
| DAVE IHRIE | ||||||||
| CHIEF TECH O | 40.00 | $221,927 | $0 | $55,130 | Yes (X) | |||
| BOB STOLLE | ||||||||
| SR VP, AND P | 40.00 | Yes (X) | $216,081 | $0 | $45,224 | |||
| SUSAN AITCHESON | ||||||||
| CFO | 40.00 | Yes (X) | $193,371 | $0 | $33,666 | |||
| NANCY VORONA | ||||||||
| VP, RESEARCH | 40.00 | $174,872 | $0 | $40,435 | Yes (X) | |||
| MARCO RUBIN | ||||||||
| DIR, INVESTM | 40.00 | $165,030 | $0 | $48,361 | Yes (X) | |||
| KRISTAL PARKER | ||||||||
| DIRECTOR, HR | 40.00 | $126,877 | $0 | $34,735 | Yes (X) | |||
| ALEX EULER | ||||||||
| DIR, INVESTM | 40.00 | $130,369 | $0 | $30,864 | Yes (X) | |||
| LESLIE WILLIAMS | ||||||||
| DIR, BUSINES | 40.00 | $132,450 | $0 | $26,407 | Yes (X) | |||
| TRACY TYNAN | ||||||||
| DIR, UNMANNE | 40.00 | $126,613 | $0 | $17,496 | Yes (X) | |||
| MONIQUE ADAMS | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| BRIAN BALL | ||||||||
| VICE CHAIR & | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| BARBARA BOYAN | ||||||||
| DIRECTOR | 1.00 | $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) | |||
| PAULA SORRELL | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,070,309 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $410,045 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 18 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | 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 |
|---|---|---|---|---|---|
| TECHNEXUS LLC | |||||
| 20 N WACKER DR STE 1200 | CHICAGO | IL | 60606 | SUBCONTRACTOR | $513,413 |
| SMART CITY WORKS INC | |||||
| 7950 JONES BRANCH DR 8TH FLOOR | MCLEAN | VA | 22102 | SUBCONTRACTOR | $361,103 |
| VITA | |||||
| 11751 MEADOWVILLE LANE | CHESTER | VA | 23836 | SUBCONTRACTOR | $293,970 |
| MUTUALINK INC | |||||
| 1269 SOUTH BROAD STREET | WALLINGFORD | CT | 06492 | SUBCONTRACTOR | $279,365 |
| ATA | |||||
| 318 CENTER STREET N | VIENNA | VA | 22180 | SUBCONTRACTOR | $200,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $68,366,790 | AllOtherContributionsAmt |
| Total Contributions | $68,366,790 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| FEDERAL AND STATE AWARDS | 900099 | $4,273,072 | $4,273,072 |
| GAIN ON GAP INVESTMENT | 900099 | $2,576,202 | $2,576,202 |
| GAP PROGRAM REVENUE | 900099 | $634,518 | $634,518 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,483,792 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $146,381 | TotalRevenueColumnAmt |
| Exclusion | $146,381 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $64,643 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $64,643 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $64,643 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $76,061,606 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,548,435 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $146,381 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,303,199 | TotalAmt |
| Program Services | $6,303,199 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,614,556 | TotalAmt |
| Program Services | $413,683 | ProgramServicesAmt |
| Management And General | $1,200,873 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,414,980 | TotalAmt |
| Program Services | $1,301,455 | ProgramServicesAmt |
| Management And General | $1,113,525 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $338,750 | TotalAmt |
| Management And General | $338,750 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $522,969 | TotalAmt |
| Management And General | $522,969 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $274,660 | TotalAmt |
| Management And General | $274,660 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,991 | TotalAmt |
| Management And General | $22,991 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,154 | TotalAmt |
| Management And General | $76,154 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,431 | TotalAmt |
| Management And General | $34,431 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,203 | TotalAmt |
| Management And General | $28,203 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $251,349 | TotalAmt |
| Management And General | $251,349 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,402 | TotalAmt |
| Management And General | $80,402 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,394 | TotalAmt |
| Management And General | $2,394 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,226 | TotalAmt |
| Management And General | $50,226 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| STRATEGIC INITIATIVES | $4,478,410 | $4,478,410 | |
| INVESTMENT DIVISION | $4,012,214 | $4,012,214 | |
| UNMANNED SYSTEMS | $659,907 | $659,907 | |
| OTHER EXPENSES | $484,459 | $293,809 | $190,650 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Program Services | $774,901 | ProgramServicesAmt |
| Management And General | -$774,901 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,650,254 | TotalAmt |
| Program Services | $18,237,578 | ProgramServicesAmt |
| Management And General | $3,412,676 | 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 | $22,140,395 | BOYAmt |
| EOY | $78,229,199 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $893,397 | BOYAmt |
| EOY | $1,588,344 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,520 | BOYAmt |
| EOY | $266,449 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $240 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,071 | BOYAmt |
| EOY | $1,506 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,262,960 | BOYAmt |
| EOY | $80,085,835 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,428,870 | BOYAmt |
| EOY | $3,759,991 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,428,870 | BOYAmt |
| EOY | $3,759,991 | 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 | $21,834,090 | BOYAmt |
| EOY | $76,325,844 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,834,090 | BOYAmt |
| EOY | $76,325,844 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,262,960 | BOYAmt |
| EOY | $80,085,835 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $54,411,352 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $80,402 | OtherChangesInNetAssetsAmt |
| 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 | $12,096,093 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,657,894 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,066,098 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,890,091 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $68,366,790 | CurrentTaxYearAmt |
| Total | $116,076,966 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,096,093 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,657,894 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,066,098 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,890,091 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $68,366,790 | CurrentTaxYearAmt |
| Total | $116,076,966 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $116,076,966 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $113,772 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $355,601 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $309,688 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $362,822 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $146,381 | CurrentTaxYearAmt |
| Total | $1,288,264 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $49,541 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $493,355 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,651,084 | CurrentTaxYearMinus2YearsAmt |
| Total | $2,193,980 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $119,559,210 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $30,485,675 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97090 | PublicSupportCY170Pct |
| Public Support PY170 | 0.90860 | 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 2,033,558 GAIN ON INV IN M37 EQUITY POOL LLC 37,108 LOSS ON INV IN M37 CARRIED INTEREST -4,522 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 | $1,770 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $1,770 | 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 I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (57 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|
| 3 RIDGE TECHNOLOGIES | |||||||
| 300 RUTHERFORD ST | LYNCHBURG | VA | 24501 | 850898756 | $60,000 | RESEARCH | |
| ACTIVATION CAPITAL | |||||||
| 800 EAST LEIGH ST | RICHMOND | VA | 23219 | 541640716 | $200,000 | RESEARCH | 501C3 |
| AGROSPHERES INC | |||||||
| 1180 SEMINOLE TRAIL SUITE 100 | CHARLOTTESVILLE | VA | 22901 | 822380914 | $135,000 | RESEARCH | |
| AQUASYS LLC | |||||||
| 6384 WINGATE ST | ALEXANDRIA | VA | 22312 | 824062006 | $75,000 | RESEARCH | |
| ATWORK SYSTEMS LLC | |||||||
| 1530 WILSON BLVD SUITE 650 | ARLINGTON | VA | 22209 | 813554723 | $60,000 | RESEARCH | |
| AZIMUTH1 LLC | |||||||
| 1751 PINNACLE DR SUITE 600A | MCLEAN | VA | 22102 | 461545078 | $75,000 | RESEARCH | |
| BABYLON MICROFARMS INC | |||||||
| 3409 CARLTON ST | RICHMOND | VA | 23230 | 811434018 | $135,000 | RESEARCH | |
| BEAM DIAGNOSTICS INC | |||||||
| 709 S JEFFERSON ST | ROANOKE | VA | 24016 | 821956482 | $60,000 | RESEARCH | |
| BEM CONTROLS LLC | |||||||
| 6830 ELM ST | MCLEAN | VA | 22101 | 474850126 | $75,000 | RESEARCH | |
| BRACHYFOAM INC | |||||||
| 722 PRESTON AVE SUITE 108 | CHARLOTTESVILLE | VA | 22903 | 463137920 | $60,000 | RESEARCH | |
| BURNSHIRE HYDROELECTRIC | |||||||
| 480 N PIFER RD | STAR TANNERY | VA | 22654 | 226154184 | $74,981 | RESEARCH | |
| CAZA HEALTH LLC | |||||||
| 379 REAS FORD RD SUITE 1 | EARLYSVILLE | VA | 22936 | 834159970 | $60,000 | RESEARCH | |
| CERILLO INC | |||||||
| 1516 CHERRY AVE | CHARLOTTESVILLE | VA | 22903 | 812377319 | $60,000 | RESEARCH | |
| COMMONWEALTH CTR FOR ADV MANUFACTUR | |||||||
| 5520 W QUAKER RD | DISPUTANA | VA | 23842 | 272922154 | $39,988 | RESEARCH | 501C3 |
| COMMONWEALTH TRADING PARTNERS | |||||||
| 100 N PITT ST SUITE 425 | ALEXANDRIA | VA | 22314 | 514703391 | $74,705 | RESEARCH | |
| COWDEN TECHNOLOGIES LLC | |||||||
| 2200 KRAFT RD SUITE 1050 200W | BLACKSBURG | VA | 24060 | 810737085 | $75,000 | RESEARCH | |
| COULOMB INC | |||||||
| 212 E MAIN ST SUITE 202 | CHARLOTTESVILLE | VA | 22902 | 813828028 | $64,917 | RESEARCH | |
| EKSDYNE INC | |||||||
| 2200 KRAFT RD SUITE 2200 | BLACKSBURG | VA | 24060 | 823936694 | $74,915 | RESEARCH | |
| FEDERAL FOUNDRY LLC | |||||||
| 2011 CRYSTAL DR SUITE 400 | ARLINGTON | VA | 22202 | 811587016 | $133,140 | RESEARCH | |
| FEND INCORPORATED | |||||||
| 4600 FAIRFAX DR SUITE 410 | ARLINGTON | VA | 22203 | 830880904 | $60,000 | RESEARCH | |
| GATACA LLC | |||||||
| 180 ORCHARD HILL LANE | NEWPORT | VA | 24128 | 201835440 | $75,000 | RESEARCH | |
| GREENTECH VENTURES INC | |||||||
| 13615 BARE ISLAND DR | CHANTILLY | VA | 20151 | 822201551 | $60,000 | RESEARCH | |
| ICBIOME INC | |||||||
| 23292 MEADOWVALE GLEN ST | STERLING | VA | 20166 | 472854967 | $75,000 | RESEARCH | |
| ICARUS MEDICAL LLC | |||||||
| 105 E MAIN ST | CHARLOTTESVILLE | VA | 22902 | 843239766 | $10,000 | RESEARCH | |
| ITUS DIGITAL | |||||||
| 7042 CAMPBELL DR | SALEM | VA | 24153 | 843362358 | $60,000 | RESEARCH | |
| JEEVA INFORMATIC SOLUTIONS | |||||||
| 10432 BALLS FORD RD | MANASSAS | VA | 20109 | 833712475 | $60,000 | RESEARCH | |
| KESHIF LLC | |||||||
| 950 N WASHINGTON ST | ALEXANDRIA | VA | 22314 | 814941037 | $60,000 | RESEARCH | |
| LASER THERMAL ANALYSIS INC | |||||||
| 1717 ALLIED LANE SUITE B | CHARLOTTESVILLE | VA | 22903 | 863503351 | $30,000 | RESEARCH | |
| LI INDUSTRIES INC | |||||||
| 1872 PRATT DR SUITE 1500 | BLACKSBURG | VA | 24060 | 821643125 | $135,000 | RESEARCH | |
| MERU BIOTECHNOLOGIES | |||||||
| 800 E LEIGH ST | RICHMOND | VA | 23219 | 834245825 | $135,000 | RESEARCH | |
| METAFORM LLC | |||||||
| 114 ELLIOTT AVE SUITE A | CHARLOTTESVILLE | VA | 22902 | 821033069 | $60,000 | RESEARCH | |
| MICRO HARMONICS CORP | |||||||
| 20 S ROANOKE ST SUITE 202 | FINCASTLE | VA | 24090 | 263523115 | $75,000 | RESEARCH | |
| MOVA TECHNOLOGIES INC | |||||||
| 29 W MAIN ST | PULASKI | VA | 24301 | 455392693 | $60,000 | RESEARCH | |
| NOVI LLC | |||||||
| 2800 SHIRLINGTON RD SUITE 801 | ARLINGTON | VA | 22206 | 360541409 | $60,000 | RESEARCH | |
| OLD DOMINION UNIVERSITY | |||||||
| PO BOX 6369 | NORFOLK | VA | 23508 | 546068198 | $987,103 | RESEARCH | 501C3 |
| ONCLAVE NETWORKS INC | |||||||
| 7950 JONES BRANCH DR 805 | MCLEAN | VA | 22102 | 814580797 | $135,000 | RESEARCH | |
| ORGANIZING4INNOVATION LLC | |||||||
| 1702 IRVIN ST | VIENNA | VA | 22182 | 464270614 | $50,450 | RESEARCH | |
| PSIONIC LLC | |||||||
| 1100 EXPLORATION WAY 209 | HAMPTON | VA | 23666 | 812205692 | $60,000 | RESEARCH | |
| REALTA LIFE SCIENCES | |||||||
| 5665 LOWERY RD SUITE 100 | NORFOLK | VA | 23502 | 831815796 | $59,446 | RESEARCH | |
| RIMSTORM INC | |||||||
| 205 VAN BUREN ST SUITE 120 | HERNDON | VA | 20170 | 822925854 | $60,000 | RESEARCH | |
| SENTINEL ROBOTIC SOLUTIONS LLC | |||||||
| 33531 CHINCOTEAGUE DR | WALLOPS ISLAND | VA | 23337 | 455571445 | $75,000 | RESEARCH | |
| SCOUT INC | |||||||
| 5904 MOUNT EAGLE DR 120 | ALEXANDRIA | VA | 22303 | 833008283 | $74,816 | RESEARCH | |
| SERVICE ROBOTICS & TECHNOLOGIES | |||||||
| 2231 CRYSTAL DR SUITE 1000 | ARLINGTON | VA | 22202 | 463757946 | $75,000 | RESEARCH | |
| SOUTHEASTERN UNIV RESRCH ASSOC INC | |||||||
| 1201 NEW YORK AVE NW STE 430 | WASHINGTON | DC | 20005 | 541156453 | $40,000 | RESEARCH | 501C3 |
| SVT ROBOTICS INC | |||||||
| 730 W 20TH ST | NORFOLK | VA | 23517 | 371953788 | $60,000 | RESEARCH | |
| TOTEM SYSTEMS INC | |||||||
| 1717 E CARY ST | RICHMOND | VA | 23223 | 822675630 | $60,000 | RESEARCH | |
| TYMPANOGEN INC | |||||||
| 800 E LEIGH ST | RICHMOND | VA | 23219 | 364821323 | $45,000 | RESEARCH | |
| VALLEYS INNOVATION COUNCIL | |||||||
| 2200 KRAFT DR SUITE 1350 | BLACKBURG | VA | 24060 | 462975294 | $200,000 | RESEARCH | 501C3 |
| UNIVERSITY OF VIRGINIA | |||||||
| 1001 N EMMET ST | CHARLOTTESVILLE | VA | 22904 | 546001796 | $412,958 | RESEARCH | 501C3 |
| VIRGINIA COMMONWEALTH UNIVERSITY | |||||||
| BOX 843039 | RICHMOND | VA | 23284 | 546001758 | $270,000 | RESEARCH | 501C3 |
| VA INSTITUTE FOR MARINE SCIENCE | |||||||
| PO BOX 350 | WACHAPREAGUE | VA | 23480 | 546001802 | $19,612 | RESEARCH | 501C3 |
| VIRGINIA TECH | |||||||
| 300 TURNER ST NW SUITE 4200 | BLACKSBURG | VA | 24061 | 546001805 | $681,168 | RESEARCH | 501C3 |
| VISUAL WORKFORCE INC | |||||||
| 1717 E CARY ST | RICHMOND | VA | 23223 | 821086736 | $60,000 | RESEARCH | |
| WYNNVISION LLC | |||||||
| 800 E LEIGH ST | RICHMOND | VA | 23219 | 812940759 | $75,000 | RESEARCH | |
| ZEOVATION INC | |||||||
| 11100 ENDEAVOR CT STE 133 137 | MANASSAS | VA | 20109 | 814244876 | $60,000 | RESEARCH | |
| KEVIRX INC | |||||||
| 722 PRESTON AVE SUITE 108 | CHARLOTTESVILLE | VA | 22903 | 812921742 | $75,000 | RESEARCH | |
| LEADING EDGE ADVCS FIBERS INC | |||||||
| 4006 HUNTERSTAND CT STE 101 | CHARLOTTESVILLE | VA | 22911 | 842188016 | $60,000 | RESEARCH | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 9 | Total501c3OrgCnt |
| Total Other Org | 48 | TotalOtherOrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| 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 (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| ED ALBRIGO | |||||
| PRESIDENT AND CEO | $251,352 | $83,246 | $3,162 | $16,292 | $354,052 |
| TOM WEITHMAN | |||||
| MANAGING DIR & VP | $246,111 | $2,010 | $29,533 | $28,740 | $306,394 |
| DAVE IHRIE | |||||
| CHIEF TECH OFFICER | $219,917 | $2,010 | $26,390 | $28,740 | $277,057 |
| BOB STOLLE | |||||
| SR VP, AND PRES&CEO | $212,768 | $3,313 | $25,532 | $19,692 | $261,305 |
| SUSAN AITCHESON | |||||
| CFO | $191,853 | $1,518 | $23,022 | $10,644 | $227,037 |
| NANCY VORONA | |||||
| VP, RESEARCH INVEST | $172,862 | $2,010 | $20,743 | $19,692 | $215,307 |
| MARCO RUBIN | |||||
| DIR, INVESTMENT SVCS | $163,512 | $1,518 | $19,621 | $28,740 | $213,391 |
| KRISTAL PARKER | |||||
| DIRECTOR, HR | $125,359 | $1,518 | $15,043 | $19,692 | $161,612 |
| ALEX EULER | |||||
| DIR, INVESTMENT SVCS | $129,449 | $920 | $15,534 | $15,330 | $161,233 |
| LESLIE WILLIAMS | |||||
| DIR, BUSINESS OPER | $131,359 | $1,091 | $15,763 | $10,644 | $158,857 |
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 66,145 0 0 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | FORM 990, SCHEDULE J, PART I LINE 4A: 66,145 OF THE 83,246 ON PART II LINE 1 B(III) IS ATTRIBUTABLE TO SEVERANCE AND THE REMAINING 17,101 IS FOR OTHER REPORTABLE COMPENSATION. |
| FORM 990, PAGE 2, PART III, LINE 4D | EXPENSES 2,529,571 INCLUDING GRANTS OF 0, REVENUES 63,414 DESCRIPTION: OTHER PROGRAM SERVICES 1. ENTREPRENEUR ECOSYSTEMS 2. COMMONWEALTH SUPPORT PROGRAMS 3. UNMANNED SYSTEMS 4. OTHER STRATEGIC INITIATIVES |
| FORM 990, PAGE 6, PART VI, LINE 4 | THE ORGANIZATION AMENDED AND RESTATED ITS ARTICLES OF INCORPORATION TO CHAGNE ITS NAME FROM CENTER FOR INNOVATIVE TECHNOLOGY TO VIRGINIA INNOVATION PARTNERSHIP CORPORATION, EFFECTIVE OCTOBER 1, 2021. THE ARTICLES OF RESTATEMENT HAVE BEEN FILED WITH AND ACCEPTED BY THE COMMONWEALTH OF VIRGINIA STATE CORPORATION COMMISSION. |
| 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 GAP PROGRAM EQUITY IN 90 COMPANIES, VALUED AT 0. VIPC HAS NOT RECORDED THE VALUE OF THESE EQUITY SECURITIES 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. |
| FORM 990, PART XI, LINE 9 | TRANSFER FROM VIPA - RENT 80,402 PART XI LINE 9: 80,402 IS THE AMOUNT TRANSFERED TO VIPC FROM VIPA FOR RENT EXPENSE. VIPA IS THE RELATED TAX-EXEMPT ORGANIZATION IDENTIFIED IN SCHEDULE R. |
| 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 2.2-2229 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 | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VA INNOVATION PARTNERSHIP AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | S | TransactionTypeTxt |
| Involved | $80,402 | InvolvedAmt |
| Method Of Amount Determination | ACTUALS | MethodOfAmountDeterminationTxt |
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