VC MEDICAL ENDOWMENT TR: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- VC MEDICAL ENDOWMENT TR (EIN 47-6343397)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-02-07
- IRS object ID
- 202510389349301281
- Schema version
- 2023v6.0
- 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 | 2025-02-07T17:23:34-06:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1021 EAST CARY STREET SUITE 2000 | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23219 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 476343397 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VC MEDICAL ENDOWMENT TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VCME | BusinessNameControlTxt |
| Phone | 5407748800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 S MINNESOTA AVENUE | AddressLine1Txt |
| City | SIOUX FALLS | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN G ROCOVICH JR | PersonNm |
| Person Title | CHAIRMAN/TRUSTEE | PersonTitleTxt |
| Phone | 5407748800 | PhoneNum |
| Signature | 2025-02-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHRISTINE G TAUCHEN | PreparerPersonNm |
| PTIN | P01320000 | PTIN |
| Phone | 8047824200 | PhoneNum |
| Preparation | 2025-02-05 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN G ROCOVICH JR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4415 ELECTRIC ROAD | AddressLine1Txt |
| City | ROANOKE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24018 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,918,678 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | SD | LegalDomicileStateCd |
| Activity Or Mission | THE EXCLUSIVE PURPOSES OF THIS TRUST ARE EDUCATIONAL AND CHARITABLE. THE TRUST IS FORMED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) TO SUPPORT THE EXEMPT PURPOSES OF ITS SOLE BENEFICIARY - EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE (VCOM). | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $110,599 | PYInvestmentIncomeAmt |
| CY Investment Income | $628,770 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $110,599 | PYTotalRevenueAmt |
| CY Total Revenue | $628,770 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,120,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $610,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $150,426 | PYOtherExpensesAmt |
| CY Other Expenses | $149,070 | CYOtherExpensesAmt |
| PY Total Expenses | $1,270,426 | PYTotalExpensesAmt |
| CY Total Expenses | $759,070 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,159,827 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$130,300 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $17,687,405 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,122,451 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $15,946,390 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,946,390 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,741,015 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,176,061 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $759,070 | ExpenseAmt |
| Grant | $610,000 | GrantAmt |
| Desc | IN ACCORDANCE WITH ITS EXEMPT MISSION, THE TRUST RECEIVES ANDHOLDS FUNDS ON BEHALF OF VCOM. THESE FUNDS ARE THEN INVESTED INTOVARIOUS PORTFOLIOS THAT GENERATE DIVIDEND AND INTEREST REVENUE.THE TRUST THEN MAKES DISTRIBUTIONS TO ITS BENEFICIARY, VCOM. | Desc |
| Total Program Service Expenses | $759,070 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | 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 | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN G ROCOVICH JR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5407748800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4415 ELECTRIC ROAD | AddressLine1Txt |
| City | ROANOKE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24018 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| JOHN G ROCOVICH JR | |||||||
| CHAIRMAN, TRUSTEE, TREAS. | 1.00 | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ELIZABETH R CLINE | |||||||
| TRUSTEE, ASST. SECRETARY | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| FREDERICK P STRATTON JR | |||||||
| TRUSTEE | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM F FOX | |||||||
| TRUSTEE | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID G HOTTMANN | |||||||
| TRUSTEE | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL HOLLAND | |||||||
| TRUSTEE | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DENNIS BARBOUR | |||||||
| OFFICER, ASST. SECRETARY | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $527,823 | TotalRevenueColumnAmt |
| Exclusion | $527,823 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,390,855 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,289,908 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $100,947 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $100,947 | TotalRevenueColumnAmt |
| Exclusion | $100,947 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $628,770 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $628,770 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $610,000 | TotalAmt |
| Program Services | $610,000 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $149,070 | TotalAmt |
| Program Services | $149,070 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $759,070 | TotalAmt |
| Program Services | $759,070 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $463,996 | BOYAmt |
| EOY | $249,941 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,308 | BOYAmt |
| EOY | $9,523 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,214,101 | BOYAmt |
| EOY | $18,862,987 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,687,405 | BOYAmt |
| EOY | $19,122,451 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,946,390 | BOYAmt |
| EOY | $15,946,390 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,946,390 | BOYAmt |
| EOY | $15,946,390 | 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 | $1,741,015 | BOYAmt |
| EOY | $3,176,061 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,741,015 | BOYAmt |
| EOY | $3,176,061 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,687,405 | BOYAmt |
| EOY | $19,122,451 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$130,300 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,565,346 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | 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 | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Non Func | Yes (X) | SupportingOrgType3NonFuncInd |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 542052107 | EIN |
| Organization Type | 2 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $610,000 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $610,000 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | Yes (1) | ExcessBusinessHoldingsRulesInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (1) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | Yes (1) | SupportedOrgVoiceInvestmentInd |
Adjusted Net Income AdjustedNetIncomeGrp
Net ST Capital Gain Adj Net Incm NetSTCapitalGainAdjNetIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $0 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Recoveries PY Distributions RecoveriesPYDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $0 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Other Gross Income OtherGrossIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $108,084 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Adjusted Gross Income AdjustedGrossIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $108,084 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $0 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Production Income ProductionIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $0 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $150,426 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Total Adjusted Net Income TotalAdjustedNetIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | -$42,342 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Minimum Asset Amount MinimumAssetAmountGrp
Average Monthly FMV Of Sec AverageMonthlyFMVOfSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $17,141,401 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Average Monthly Cash Balances AverageMonthlyCashBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $539,070 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
FMV Other Non Exempt Use Asset FMVOtherNonExemptUseAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $0 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Total FMV Of Non Exempt Use Asset TotalFMVOfNonExemptUseAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $17,680,471 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discount Claimed | $0 | DiscountClaimedAmt |
Acquisition Indebtedness AcquisitionIndebtednessGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $0 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Adjusted FMV Less Indebtedness AdjustedFMVLessIndebtednessGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $17,680,471 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Cash Deemed Charitable CashDeemedCharitableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $265,207 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Net Vl Non Exempt Use Assets NetVlNonExemptUseAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $17,415,264 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Pct Of Net Vl Non Exempt Use Ast PctOfNetVlNonExemptUseAstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $609,534 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Recoveries PY Distri Min Asset RecoveriesPYDistriMinAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $0 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Total Minimum Asset TotalMinimumAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year | $609,534 | PriorYearAmt |
| Current Year | $0 | CurrentYearAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| CY Adj Net Income Distributable | -$42,342 | CYAdjNetIncomeDistributableAmt |
| CY Pct85 Adjusted Net Income | -$35,991 | CYPct85AdjustedNetIncomeAmt |
| CY Total Min Ast Distributable | $609,534 | CYTotalMinAstDistributableAmt |
| CY Greater Adjusted Minimum | $609,534 | CYGreaterAdjustedMinimumAmt |
| CY Income Tax Imposed PY | $59 | CYIncomeTaxImposedPYAmt |
| CY Distributable As Adjusted | $609,475 | CYDistributableAsAdjustedAmt |
Distributions DistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| CY Paid Accomplish Exempt Prps | $610,000 | CYPaidAccomplishExemptPrpsAmt |
| CY Pd In Excess Income Activity | $0 | CYPdInExcessIncomeActivityAmt |
| CY Administrative Expense Paid | $0 | CYAdministrativeExpensePaidAmt |
| Exempt Use Assets Acquis Paid | $0 | ExemptUseAssetsAcquisPaidAmt |
| Qualified Set Aside | $0 | QualifiedSetAsideAmt |
| CY Other Distributions | $0 | CYOtherDistributionsAmt |
| CY Total Annual Distributions | $610,000 | CYTotalAnnualDistributionsAmt |
| CY Distri Attentive Suprt Org | $0 | CYDistriAttentiveSuprtOrgAmt |
| CY Distributable As Adjusted | $609,475 | CYDistributableAsAdjustedAmt |
| CY Distribution Yr | 0.000000000000 | CYDistributionYrRt |
Distribution Allocations DistributionAllocationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| CY Distributable As Adjusted | $609,475 | CYDistributableAsAdjustedAmt |
| Underdistributions | $0 | UnderdistributionsAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $12,947 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $12,947 | TotalExcessDistributionCyovAmt |
| Cyov Applied Underdistri PY | $0 | CyovAppliedUnderdistriPYAmt |
| Cyov Applied Underdistr CPY | $12,947 | CyovAppliedUnderdistrCPYAmt |
| Carryover PY Not Applied | $0 | CarryoverPYNotAppliedAmt |
| Excess Distribution Cyov | $0 | ExcessDistributionCyovAmt |
| CY Total Annual Distributions | $610,000 | CYTotalAnnualDistributionsAmt |
| CY Distrib App Underdistri PY | $0 | CYDistribAppUnderdistriPYAmt |
| CY Distri App Distributable | $596,528 | CYDistriAppDistributableAmt |
| Excess Distribution | $13,472 | ExcessDistributionAmt |
| Remaining Underdistri PY | $0 | RemainingUnderdistriPYAmt |
| Remaining Underdistri CY | $0 | RemainingUnderdistriCYAmt |
| Excess Distri Cyov To Next Yr | $13,472 | ExcessDistriCyovToNextYrAmt |
| Excess From Year5 | $0 | ExcessFromYear5Amt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $13,472 | ExcessFromYear1Amt |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, PART IV, SECTION D, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE GOVERNING BODY OF EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE (VCOM), A SUPPORTED ORGANIZATION OF THE TRUST, APPOINTS REPRESENTATIVES TO AN ADVISORY BOARD. THE PURPOSE OF THE ADVISORY BOARD IS TO ENSURE THAT THE NEEDS AND WISHES OF VCOM ARE COMMUNICATED EFFECTIVELY TO THE TRUSTEES OF THE TRUST. THIS ADVISORY BOARD WILL MEET QUARTERLY WITH THE TRUST'S INVESTMENT COMMITTEE BY TELEPHONIC OR VIDEO CONFERENCE TO DISCUSS VCOM'S PROJECTED NEEDS. THE ADVISORY BOARD OF VCOM HELPS MAKE INVESTMENT DECISIONS AND PLAN FOR HOW THE ASSETS OF THE TRUST WILL BE INVESTED. FURTHER, THE TRUSTEES WILL ENTERTAIN PROPOSALS FROM VCOM FOR THE PROPER USE OF FUNDS TO PROMOTE BOTH THE TRUST'S EXEMPT PURPOSES AND VCOM'S EXEMPT PURPOSES, IN ACCORD WITH THE ADVICE OF THE VCOM ADVISORY BOARD. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $17,687,404 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $675,977 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | -$759,070 | AdministrativeExpensesAmt |
| End Year Balance | $19,122,451 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,574,486 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$157,508 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | -$1,270,426 | AdministrativeExpensesAmt |
| End Year Balance | $17,687,404 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,351,769 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$2,170,940 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $1,606,343 | AdministrativeExpensesAmt |
| End Year Balance | $16,574,486 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,053,751 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $3,085,491 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $787,473 | AdministrativeExpensesAmt |
| End Year Balance | $20,351,769 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $17,420,986 | BeginningYearBalanceAmt |
| Contributions | $885,000 | ContributionsAmt |
| Investment Earnings Or Losses | $480,176 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $732,411 | AdministrativeExpensesAmt |
| End Year Balance | $18,053,751 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 1.00000 | BoardDesignatedBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CORPORATE STOCKS | $12,229,084 | F |
| MUTUAL FUNDS | $620,748 | F |
| US TREASURY SECURITIES | $1,022,171 | F |
| CORPORATE BONDS | $336,402 | F |
| ASSET BACKED SECURITIES | $236,589 | F |
| LIMITED PARTNERSHIP | $4,417,993 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $18,862,987 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO EDWARD VIA VA COLLEGE OF OSTEOPATHIC MEDICINE | Desc |
| Amt | $15,946,390 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,946,390 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COLLEGE, THE TRUST, APCA, AND VIASTAR HAVE ANALYZED FILING POSITIONS IN ALL OF THE FEDERAL AND STATE JURISDICTIONS WHERE THEY ARE REQUIRED TO FILE INCOME TAX RETURNS, INCLUDING THE COLLEGE AND THE TRUST'S STATUS AS TAX-EXEMPT ENTITIES. THE ONLY PERIODS SUBJECT TO EXAMINATION FOR FEDERAL AND STATE TAX RETURNS ARE FOR TAXABLE YEARS ENDED JUNE 30, 2021 THROUGH JUNE 30, 2024. THE COLLEGE, THE TRUST, APCA, AND VIASTAR BELIEVE THEIR INCOME TAX FILING POSITIONS, INCLUDING THE COLLEGE AND THE TRUST'S STATUSES AS TAX-EXEMPT ENTITIES, WILL BE SUSTAINED ON AUDIT AND DO NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE TO THEIR FINANCIAL POSITION. THEREFORE, NO RESERVES FOR UNCERTAIN TAX POSITIONS, NOR INTEREST AND PENALTIES, HAVE BEEN RECORDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. |
| FORM 990, PART V, LINE 4 | AS THE TRUST IS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3), ITS EXCLUSIVE PURPOSE IS TO SUPPORT THE EXEMPT PURPOSES OF ITS SOLE BENEFICIARY, VCOM. CONSEQUENTLY, THE ENDOWMENT FUNDS REFLECTED ON SCHEDULE D, PART V, REPRESENT THE GROSS ASSETS OF THE TRUST. A RELATED LIABILITY IS REFLECTED IN PART X, LINE 25, WHICH REPRESENTS DISTRIBUTIONS TO BE MADE TO VCOM IN FUTURE YEARS. THIS LIABILITY WAS RECORDED IN ACCORDANCE WITH GAAP IN THE YEAR THE ENDOWMENT WAS TRANSFERRED FROM VCOM TO THE TRUST. THE TRUST DISTRIBUTES FUNDS ANNUALLY TO VCOM AND WILL PROVIDE FUNDS FOR VCOM'S OPERATIONS AS NEEDED BASED ON BOARD APPROVED REQUESTS FROM VCOM. AN ANNUAL REPORT IS PROVIDED TO VCOM'S BOARD AS TO THE USE OF THE ENDOWMENT FUNDS. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|
| EAST ASIA AND THE PACIFIC | INVESTMENTS | $32,610 |
| EUROPE | INVESTMENTS | $49,343 |
| NORTH AMERICA | INVESTMENTS | $13,244 |
| SOUTH AMERICA | INVESTMENTS | $4,931 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $100,128 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $100,128 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDWARD VIA VA COLLEGE OF OSTEOPATHIC MEDICINE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2265 KRAFT DRIVE | AddressLine1Txt |
| City | BLACKSBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24060 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 542052107 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $610,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE I, PART 1, LINE 2 | FormAndLineReferenceDesc |
| Explanation | AN ADVISORY BOARD, COMPOSED OF PERSONS APPOINTED BY THE GOVERNING BODY OF VCOM, MEETS QUARTERLY TO DISCUSS THE PROJECTED NEEDS OF VCOM AND HOW THE TRUST AND VCOM WILL PROMOTE THEIR EXEMPT PURPOSES. THIS IS DONE THROUGH THE USE OF THE TRUST'S INCOME AND THE INVESTMENTS OF ITS ASSETS, AS A SUPPORTING ORGANIZATION OF VCOM. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | 1) JOHN G. ROCOVICH, JR. AND ELIZABETH R. CLINE ARE FATHER AND DAUGHTER AND THEY PRACTICE LAW AT THE SAME FIRM, MOSS & ROCOVICH, ATTORNEYS-AT-LAW, P.C. 2) JOHN G. ROCOVICH, JR., FREDERICK P. STRATTON, JR., DAVID HOTTMANN, AND ELIZABETH R. CLINE ALSO SERVE TOGETHER AS DIRECTORS OF THE HARVEY W. PETERS RESEARCH FOUNDATION ("HWPRF"). VCOM, AS A SUBSIDIARY OF HWPRF, IS THE SETTLOR AND BENEFICIARY/SUPPORTED ORGANIZATION OF THE TRUST. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL DIRECTORS SHALL BE APPOINTED, FROM TIME TO TIME, BY THE SOLE MEMBER, THE HARVEY W. PETERS RESEARCH FOUNDATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CHAIRMAN OF TRUSTEES REVIEWED THE FORM 990 AND PROVIDED QUESTIONS AND COMMENTS, AS APPLICABLE, TO THE TAX RETURN PREPARER. ONCE ALL QUESTIONS AND CHANGES ARE ADDRESSED, THE CHAIRMAN REVIEWS THE RETURN PRIOR TO PROVIDING A FINAL COPY TO THE BOARD FOR FINAL REVIEW PRIOR TO THE FILING OF THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS A WRITTEN POLICY ON CONFLICT OF INTEREST. EACH OFFICER AND DIRECTOR ANNUALLY SIGNS A WRITTEN STATEMENT TO CONFIRM COMPLIANCE WITH THE POLICY. THE RESPONSES ARE THEN REVIEWED BY JOHN G. ROCOVICH, JR., TO DETERMINE IF CONFLICTS EXIST, AND HOW TO HANDLE ANY CONFLICTS. IN THE EVENT OF A CONFLICT, JOHN G. ROCOVICH, JR. DETERMINES THE APPROPRIATE ACTION. GENERALLY THIS INCLUDES RECUSAL OF THE CONFLICTED INDIVIDUAL FROM BOARD DISCUSSION, VOTING ON THE APPLICABLE TOPIC AND FROM INVOLVEMENT ON RELATED BUSINESS DECISIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | REQUESTS WILL BE EVALUATED BY THE BOARD OF DIRECTORS OF VC MEDICAL ENDOWMENT TRUST. REQUESTS FOR A VALID BUSINESS PURPOSE ARE GENERALLY HONORED. MOST FINANCIAL INFORMATION IS AVAILABLE IN FORM 990. |
| FORM 990, PART III, LINE 1 | THE EXCLUSIVE PURPOSES OF THIS TRUST ARE EDUCATIONAL AND CHARITABLE. THE TRUST IS FORMED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) TO SUPPORT THE EXEMPT PURPOSES OF ITS BENEFICIARY, EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE ("VCOM"). THIS INCLUDES PROVIDING DISTRIBUTIONS FOR VCOM'S EXEMPT PURPOSES TO INCLUDE THE FOLLOWING: RESEARCH, STUDENT SCHOLARSHIPS, OPERATING EXPENSES, AND NON-RECURRING CAPITAL EXPENDITURES SUCH AS EQUIPMENT, FURNITURE, FIXTURES, AND LEASEHOLD IMPROVEMENTS APPROVED BY THE GOVERNING BODY OF VCOM, AND THE LEASING, ACQUISITION, MAINTENANCE AND IMPROVEMENT OF REAL ESTATE USED BY VCOM. IN ADDITION, THE TRUST MAY ASSIST VCOM IN RAISING FUNDS THROUGH DONATIONS FROM VARIOUS SOURCES, INCLUDING BUT NOT LIMITED TO MAIL SOLICITATIONS, E-MAIL SOLICITATIONS, PHONE SOLICITATIONS, PERSONAL SOLICITATIONS, FOUNDATION GRANT SOLICITATIONS, AND GOVERNMENT GRANT SOLICITATIONS. SUCH SOLICITATION ACTIVITIES WOULD BE CARRIED OUT BY THE TRUSTEES IN A VARIETY OF JURISDICTIONS, INCLUDING BUT NOT LIMITED TO VIRGINIA, SOUTH CAROLINA, ALABAMA, AND LOUISIANA ON A YEAR-ROUND BASIS. THESE ACTIVITIES WILL FURTHER THE TRUST'S EXEMPT PURPOSE, WHICH IS TO SUPPORT VCOM, A PUBLIC CHARITY. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HARVEY W PETERS RESEARCH FOUNDATION | |||||||||||
| 500 S MINNESOTA AVE | SIOUX FALLS | SD | 57104 | 460459671 | MANAGEMENT | SD | 501(C)(3) | PF | N/A | 0 | |
| EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATH | |||||||||||
| 2265 KRAFT DRIVE | BLACKSBURG | VA | 24060 | 542052107 | SCHOOL | VA | 501(C)(3) | LINE 2 | 0 | SEE ATTACHED | |
| VIA-BRADLEY COLLEGE OF ENGINEERING FOUND | |||||||||||
| 500 S MINNESOTA AVE | SIOUX FALLS | SD | 57104 | 522283401 | MANAGEMENT | SD | 501(C)(3) | PF | N/A | 0 | |
| MARION BRADLEY MEMORIAL FOUNDATION | |||||||||||
| 500 S MINNESOTA AVE | SIOUX FALLS | SD | 57104 | 522285703 | MANAGEMENT | SD | 501(C)(3) | PF | N/A | 0 | |
| BLUEFIELD UNIVERSITY | |||||||||||
| 3000 COLLEGE AVE | BLUEFIELD | VA | 24605 | 540568200 | SCHOOL | VA | 501(C)(3) | LINE 2 | 0 | SEE ATTACHED | |
| APPALACHIAN COLLEGE OF PHARMACY | |||||||||||
| 1060 DRAGON RD | OAKWOOD | VA | 24631 | 260069167 | SCHOOL | VA | 501(C)(3) | LINE 2 | 0 | SEE ATTACHED | |
| HARVEY W PETERS (VIRGINIA) HOLDING CORP | |||||||||||
| 4415 ELECTRIC ROAD | BLACKSBURG | VA | 24018 | 542052207 | MANAGEMENT | VA | 501(C)(2) | N/A | N/A | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R, PART II, LINES 2 | FormAndLineReferenceDesc |
| Explanation | HARVEY W. PETERS RESEARCH FOUNDATION | ExplanationTxt |