VIRGINIA COMMONWEALTH UNIVERSITY COLLEGE OF ENGINEERING FOUNDATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- VIRGINIA COMMONWEALTH UNIVERSITY COLLEGE OF ENGINEERING FOUNDATION (EIN 54-1808901)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2012-11-12
- IRS object ID
- 201233179349301948
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-11-12T14:19:08-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540565834 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MITCHELL WIGGINS & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1802 BAYBERRY COURT SUITE 300 | AddressLine1 |
| City | RICHMOND | City |
| State | VI | State |
| ZIP Code | 23226 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541808901 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VIRGINIA COMMONWEALTH UNIVERSITY | BusinessNameLine1 |
| Business Name Line2 | SCHOOL OF ENGINEERING FOUNDATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VIRG | NameControl |
| Phone | 8048281475 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 WEST MAIN STREET ROOM 308 | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 232843068 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | R SCOTT RASH | Name |
| Title | VP FOR BUSINESS DEVELOPMENT | Title |
| Phone | 8048281475 | Phone |
| Date Signed | 2012-11-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | M JAMES HARTSON JR CPA | Name |
| PTIN | P00590214 | PTIN |
| Phone | 8042826000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | R SCOTT RASH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 WEST MAIN STREET | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 232843068 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 23298583 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.VCUREALESTATE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1995 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VCU. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 32 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 32 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -92912 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1834250 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3962015 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1191044 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2864468 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 822015 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1342913 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3847309 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8169396 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2798536 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3048464 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2876907 | OtherExpensePriorYear |
| Other Expenses Current Year | 2729992 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5675443 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5778456 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1828134 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2390940 | RevenuesLessExpensesCY |
| Total Assets BOY | 135472489 | TotalAssetsBOY |
| Total Assets EOY | 137648932 | TotalAssetsEOY |
| Total Liabilities BOY | 103715259 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 103595756 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 31757230 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 34053176 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5778456 | Expense |
| Revenue | 14011 | Revenue |
| Description | SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY THROUGH THE MANAGEMENT OF THE SCHOOL OF ENGINEERING PROPERTY AND FUNDS. | Description |
| Total Program Service Expense | 5778456 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 32 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 32 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicy |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8048281475 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 WEST MAIN STREET ROOM 308 | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 232843068 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (32 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| JOHN SHERMAN JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM H GOODWIN JR | ||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | X |
| BRUCE C GOTTWALD | ||||||
| VICE CHAIRMAN | 1.00 | X | 0 | 0 | 0 | X |
| PAUL F ROCHELEAU | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| WAYNE L HUNTER | ||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | X |
| HONORABLE GEORGE ALLEN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| BRADFORD A CROSBY | ||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X |
| MARQUERITE DAVIS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CLIFFORD A CUTCHINS IV | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOSEPH C FARRELL | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ARTHUR D HURTADO | ||||||
| PRESIDENT | 1.00 | X | 0 | 0 | 0 | X |
| JOHN A LUKE JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RICHARD E POSEY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| E BRYSON POWELL | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| HONORABLE ANNE G RHODES | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| HUGH A JOYCE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| THOMAS J SEIFERT | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RICHARD L SHARP | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| KIRK E SPITZER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MARK A STERNHEIMER SR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JAMES E UKROP | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CHARLES A WILLIAMSON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ROBERT W WOLTZ JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| C KENNETH WRIGHT | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CHRISTOPHER R JONES | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| GARY RUTH | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MARY DOSWELL | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| BILL LAMP | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| GREG SITKIEWICZ | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL RAO | ||||||
| EX-OFFICIO TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| J CHARLES JENNETT | ||||||
| EX-OFFICIO TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| R SCOTT RASH | ||||||
| EX-OFFICIO TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 3962015 | AllOtherContributions |
| Noncash Contributions | 2809473 | NoncashContributions |
| Total Contributions | 3962015 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9513 | TotalRevenueColumn |
| Exclusion | $9,513 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3178690 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2354808 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 823882 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 823882 | TotalRevenueColumn |
| Exclusion | $823,882 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 15629334 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 12774379 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2854955 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2854955 | TotalRevenueColumn |
| Exclusion | $2,854,955 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| INCOME FROM PASSTHROUG | 900099 | 505020 | $505,020 | |
| MISCELLANEOUS | 900099 | 14011 | 14011 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 519031 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8169396 | TotalRevenueColumn |
| Related Or Exempt Function Income | 14011 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $4,193,370 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3048464 | Total |
| Program Services | 3048464 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21500 | Total |
| Program Services | 21500 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6213 | Total |
| Program Services | 6213 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16242 | Total |
| Program Services | 16242 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5536 | Total |
| Program Services | 5536 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6915 | Total |
| Program Services | 6915 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2346605 | Total |
| Program Services | 2346605 | ProgramServices |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| LIFE INSURANCE EXPENSE | 161506 | 161506 |
| OTHER EXPENSES | 159835 | 159835 |
| BAD DEBTS | 5640 | 5640 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5778456 | Total |
| Program Services | 5778456 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1504729 | BOY |
| EOY | 1056074 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3301532 | BOY |
| EOY | 8136279 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 454590 | BOY |
| EOY | 483423 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15757 | BOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 72110341 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 18544643 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55862288 | BOY |
| EOY | 53565698 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68304497 | BOY |
| EOY | 70896525 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6029096 | BOY |
| EOY | 3510933 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135472489 | BOY |
| EOY | 137648932 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70568833 | BOY |
| EOY | 72027900 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33146426 | BOY |
| EOY | 31567856 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103715259 | BOY |
| EOY | 103595756 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16335350 | BOY |
| EOY | 17870758 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3417915 | BOY |
| EOY | 3910882 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12003965 | BOY |
| EOY | 12271536 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31757230 | BOY |
| EOY | 34053176 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135472489 | BOY |
| EOY | 137648932 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2390940 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -94994 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8216889 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4731909 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3086912 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1834250 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3962015 | CurrentTaxYear |
| Total | 21831975 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8216889 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4731909 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3086912 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1834250 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3962015 | CurrentTaxYear |
| Total | 21831975 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 6141214 | AmountsSubstContributorsTotal |
| Public Support Total170 | 15690761 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2797220 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3156396 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3176226 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3183684 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3188203 | CurrentTaxYear |
| Total | 15501729 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 4878 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3278 | CurrentTaxYearMinus1Year |
| Current Tax Year | 14011 | CurrentTaxYear |
| Total | 22167 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 37355871 | TotalSupport |
| Public Support Pertcentage170 | 0.42000 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.44510 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14984741 | BeginningOfYearBalance |
| Contributions | 146129 | Contributions |
| Investment Earnings Or Losses | 1553401 | InvestmentEarningsOrLosses |
| Other Expenditures | 776872 | OtherExpenditures |
| End Of Year Balance | 15907399 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12208956 | BeginningOfYearBalance |
| Contributions | 610895 | Contributions |
| Investment Earnings Or Losses | 2488117 | InvestmentEarningsOrLosses |
| Other Expenditures | 323227 | OtherExpenditures |
| End Of Year Balance | 14984741 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 11179247 | BeginningOfYearBalance |
| Contributions | 1278931 | Contributions |
| Investment Earnings Or Losses | 163437 | InvestmentEarningsOrLosses |
| Other Expenditures | 412659 | OtherExpenditures |
| End Of Year Balance | 12208956 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12596571 | BeginningOfYearBalance |
| Contributions | 762703 | Contributions |
| Investment Earnings Or Losses | -2124152 | InvestmentEarningsOrLosses |
| Other Expenditures | 54675 | OtherExpenditures |
| Administrative Expenses | 1200 | AdministrativeExpenses |
| End Of Year Balance | 11179247 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3112659 | OtherCostOrOtherBasis |
| Book Value | 3112659 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 68997682 | OtherCostOrOtherBasis |
| Depreciation | 18544643 | Depreciation |
| Book Value | 50453039 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 53565698 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (8 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CASH SURRENDER VALUE OF LIFE INSURANCE | 1554183 | F |
| BARLOW PARTNERS FUNDAMENTAL MANAGERS LP FUND | 6004464 | F |
| PRIVATE ADVISORS SMALL COMPANY FUND | 927568 | F |
| BLUERIDGE OFFSHORE LP FUND | 16928566 | F |
| TIGER GLOBAL LTD FUND | 21114733 | F |
| VALIANT CAPITAL PARTNERS FUND | 14612464 | F |
| LONG OAR GLOBAL OFFSHORE FUND | 4660472 | F |
| EWF PARTNERS II LLC FUND | 5094075 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 70896525 | TotalOfBookValueSecurities |
| Total Revenue | 8169396 | TotalRevenue |
| Total Expenses | 5778456 | TotalExpenses |
| Excess Or Deficit For Year | 2390940 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 4399052 | NetUnrealizedGLOnInvestments |
| Other | -$4,494,046 | OtherAmount |
| Total Adjustments | -94994 | TotalAdjustments |
| Excess Or Deficit Per FS | 2295946 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 14418236 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 4399052 | NetUnrealizedGainsInvestments |
| Other Revenues | 2354808 | OtherRevenues |
| Revenue Not Rptd F990 | 6753860 | RevenueNotRptdF990 |
| Revenue Subtotal | 7664376 | RevenueSubtotal |
| Other Revenues Not Included | 505020 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 505020 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 8169396 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 12122290 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 6343834 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 6343834 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5778456 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 5778456 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE VARIOUS ENDOWMENTS WERE ESTABLISHED TO SUPPORT THE FOUNDATION AND ITS MISSION. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | 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 ADOPTION OF THIS STANDARD HAD NO MATERIAL EFFECT ON THE FOUNDATION'S FINANCIAL POSITION, RESULTS OF OPERATIONS, OR CASH FLOW. THE TAX YEARS OF 2008 TO 2011 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, 2012. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT -3,989,026. BOOK/TAX DIFFERENCE - INCOME FROM PASSTHROUGH ENTITY -505,020. TOTAL TO SCHEDULE D, PART XI, LINE 8: -4,494,046. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES LINE 6B INCL. IN EXPENSES IN FINANCIAL STMT 2,354,808. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INCOME FROM PASSTHROUGH ENTITIES 505,020. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES NETTED AGAINST RENTAL INCOME IN RETURN 2,354,808. UNREALIZED LOSS ON INTEREST RATE SWAP 3,989,026. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VIRGINIA COMMONWEALTH UNIVERSITY | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 912 W FRANKLIN STREET POST OFFICE | AddressLine1 |
| Address Line2 | BOX 843035 | AddressLine2 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 232843035 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 546001758 | EINOfRecipient |
| IRC Section | 115 | IRCSection |
| Amount Of Cash Grant | 1470640 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 1577824 | AmountOfNonCashAssistance |
| Description Of Non Cash Assistance | PRESENT VALUE ADJUSTMENT FOR ACCRUED CONTRIBUTION TO VCU FOR FUTURE RENT | DescriptionOfNonCashAssistance |
| Purpose Of Grant | ASSISTANCE IS PROVIDED IN ORDER TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY. | PurposeOfGrant |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 9473 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | QUOTED MARKET VALUE | MethodOfDeterminingRevenues |
Real Estate Commercial RealEstateCommercial
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2800000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV - APPRAISAL | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | NONE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION POSTS ITS CURRENT AUDITED FINANCIAL STATEMENT AND FORM 990 ON ITS WEB SITE, EACH YEAR. 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 5: | NET UNREALIZED GAINS ON INVESTMENTS: 4,399,052. UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT -3,989,026. BOOK/TAX DIFFERENCE - INCOME FROM PASSTHROUGH ENTITY -505,020. TOTAL TO FORM 990, PART XI, LINE 5: -94,994. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Comments