2015-11-10T12:20:57-06:00 2015-06-30 540565834 MITCHELL WIGGINS & COMPANY LLP 1802 BAYBERRY COURT SUITE 300 RICHMOND VI 23226 990 2014-07-01 541808901 VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF ENGINEERING FOUNDATION VIRG 8048281475 601 WEST MAIN STREET ROOM 433 RICHMOND VA 232843068 R SCOTT RASH EXECUTIVE DIRECTOR 8048281475 2015-11-02 1 M JAMES HARTSON JR CPA P00590214 8042826000 2014 2016-02-25 16:41:14Z R SCOTT RASH 601 WEST MAIN STREET-ROOM 433 RICHMOND VA 232843068 19972203 0 X WWW.EGR.VCU.EDU X 1995 VA TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VCU SCHOOL OF ENGINEERING. 23 23 0 0 0 0 725644 1034333 3223340 3216395 228882 870419 956571 279256 5134437 5400403 2549714 2626487 0 0 0 0 0 0 0 5007914 4736835 7557628 7363322 -2423191 -1962919 137236183 132581831 93409002 89584643 43827181 42997188 TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF ENGINEERING. 0 0 7310411 2626487 3495651 SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY THROUGH THE MANAGEMENT OF THE SCHOOL OF ENGINEERING PROPERTY AND FUNDS. 7310411 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 1 1 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X THE ORGANIZATION 8048281475 601 WEST MAIN STREET ROOM 433 RICHMOND VA 232843068 X TEMPLE P BALLARD TRUSTEE 1.00 X 0 0 0 WILLIAM H GOODWIN JR CHAIRMAN EMERITUS 1.00 X X 0 0 0 PAUL F ROCHELEAU TRUSTEE 1.00 X 0 0 0 JENNIFER BOYKIN TRUSTEE 1.00 X 0 0 0 DAVID E BARLOW TRUSTEE 1.00 X 0 0 0 MARK CRUISE VICE PRESIDENT 1.00 X X 0 0 0 CHRISTOPHER A GROOME TRUSTEE 1.00 X 0 0 0 STEVE HENDERSON TRUSTEE 1.00 X 0 0 0 WILLIAM K LAMP TRUSTEE 1.00 X 0 0 0 JOHN A LUKE JR TRUSTEE 1.00 X 0 0 0 STEVEN R LINDGREN TRUSTEE 1.00 X 0 0 0 DR NIMISHA MUKHERJEE TRUSTEE 1.00 X 0 0 0 HUGH A JOYCE TRUSTEE 1.00 X 0 0 0 TIN MYINT TRUSTEE 1.00 X 0 0 0 JASON ROE TRUSTEE 1.00 X 0 0 0 MARY DOSWELL PRESIDENT 1.00 X X 0 0 0 GREG SITKIEWICZ TRUSTEE 1.00 X 0 0 0 MARTI HEIL EX-OFFICIO TRUSTEE 1.00 X 0 0 0 BARBARA D BOYAN EX-OFFICIO TRUSTEE 1.00 X 0 0 0 R SCOTT RASH EX-OFFICIO TRUSTEE 1.00 X 0 0 0 LARRY CUMMINGS TRUSTEE 1.00 X 0 0 0 HANS DE KONING TRUSTEE 1.00 X 0 0 0 THOMAS E GOTTWALD TRUSTEE 1.00 X 0 0 0 MARTIN PRAKKEN TRUSTEE 1.00 X 0 0 0 BRIAN RIOPELLE TRUSTEE 1.00 X 0 0 0 JEFFREY T STANFIELD TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1034333 6168 1034333 RENT FROM V.C.U. 531120 3216395 3216395 3216395 937 937 15441282 14571800 869482 869482 869482 RECOVERY OF BAD DEBT EXPENSE 900099 262504 262504 MISCELLANEOUS 900099 16752 16752 279256 5400403 3495651 0 870419 2626487 2626487 25 25 18000 18000 10047 6602 3445 3631 3631 3324 1050 2274 1806967 1806967 2387123 2383379 3744 21022 14761 6261 LIFE INSURANCE EXPENSE 282062 282062 OTHER EXPENSES 185632 166470 19162 BAD DEBT EXPENSE 19002 19002 7363322 7310411 52911 0 122090 294896 567917 1238982 1040632 963412 74936778 25439801 51796095 49496977 82907893 79890066 801556 697498 137236183 132581831 7376669 7261062 28174951 26352820 690007 975504 662007 1736026 56505368 53259231 93409002 89584643 X 26311806 25570531 5181551 4839109 12333824 12587548 43827181 42997188 137236183 132581831 X -1962919 1171789 -38863 X X 0 1 X 1 0 X 1834250 3962015 1619185 725644 1034333 9175427 1834250 3962015 1619185 725644 1034333 9175427 3320292 5855135 27289 31808 64330 4843 937 129207 9304634 0.62930 0.54360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 74723514 1023923 2112046 4815849 73043634 15936943 53431328 9198660 3843417 74723514 15907399 22828 597619 590903 15936943 14984741 146129 1553401 776872 15907399 12208956 610895 2488117 323227 14984741 0.76190 0.17230 0.06580 0 0 2800000 3112659 5912659 68997682 25434413 43563269 26437 5388 21049 49496977 BUYOUT FUND 38837 F INTERNATIONAL FUND 16202956 F LONG/SHORT HEDGED EQUITY FUNDS 62696678 F CASH SURRENDER VALUE OF INVESTMENTS 951595 F 79890066 DUE TO VIRGINIA COMMONWEALTH UNIVERSITY 53259231 53259231 X 6533329 1171789 -38863 1132926 5400403 0 5400403 7363322 0 7363322 0 7363322 PART V, LINE 4: THE VARIOUS ENDOWMENTS WERE ESTABLISHED TO SUPPORT THE FOUNDATION AND ITS MISSION. PART X, LINE 2: THE FOUNDATION FOLLOWS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REGARDING "ACCOUNTING FOR UNCERTAIN TAX POSITIONS" THAT PROVIDES DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN THE FOUNDATION'S FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE TAX YEARS OF 2012 TO 2014 REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. THE FOUNDATION INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN OPERATING EXPENSES. THE ORGANIZATION DID NOT HAVE PENALTIES AND INTEREST EXPENSES FOR THE YEAR ENDED JUNE 30, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP -38,863. 0 VIRGINIA COMMONWEALTH UNIVERSITY 912 W FRANKLIN STREET POST OFFICE BOX 843035 RICHMOND VA 232843035 546001758 115 1292222 1334265 PRESENT VALUE ADJUSTMENT FOR ACCRUED CONTRIBUTION TO VCU FOR FUTURE RENT ASSISTANCE IS PROVIDED IN ORDER TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY. 1 FORM 990, PART VI, SECTION B, LINE 11 NONE. FORM 990, PART VI, SECTION B, LINE 12C THEY ARE REQUIRED TO DISCLOSE ANY AND ALL POSSIBLE CONFLICTS OF INTEREST AT LEAST ANNUALLY OR AS THEY ARISE. FORM 990, PART VI, SECTION C, LINE 19 IT IS THE POLICY OF THE ORGANIZATION TO MAKE AVAILABLE COPIES OF FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFICT OF INTEREST INFORMATION AND OTHER DOCUMENTS TO THE PUBLIC. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT -38,863. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.