VIRGINIA TECH FOUNDATION INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- VIRGINIA TECH FOUNDATION INC (EIN 54-0721690)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-11
- IRS object ID
- 201101319349301670
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-11T12:06:13-04:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1676 INTERNATIONAL DRIVE | AddressLine1 |
| City | MCLEAN | City |
| State | VA | State |
| ZIP Code | 22102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540721690 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Virginia Tech Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VIRG | NameControl |
| Phone | 5402315751 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 902 Prices Fork Road | AddressLine1 |
| Address Line2 | University Gateway Center | AddressLine2 |
| City | Blacksburg | City |
| State | VA | State |
| ZIP Code | 24061 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Raymond D Smoot Jr | Name |
| Title | CEO | Title |
| Date Signed | 2011-05-11 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Scott Sherman | Name |
| Phone | 7032868000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Dr Raymond D Smoot Jr | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 902 Prices Fork Road Ste 4000 | AddressLine1 |
| City | Blacksburg | City |
| State | VA | State |
| ZIP Code | 24061 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 775863377 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.vtf.vt.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1948 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | THE FOUNDATION RECEIVES, MANAGES, AND DISBURSES PRIVATE GIFTS IN SUPPORT OF PROGRAMS AT VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (VIRGINIA TECH). | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 35 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 34 | NbrIndependentVotingMembers |
| Total Nbr Employees | 120 | TotalNbrEmployees |
| Total Nbr Volunteers | 35 | TotalNbrVolunteers |
| Total Gross UBI | 1173286 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -203398 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 65143270 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 86945252 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12789514 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 10903956 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2271140 | InvestmentIncomePriorYear |
| Investment Income Current Year | 18157271 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 5902356 | OtherRevenuePriorYear |
| Other Revenue Current Year | 4112842 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 86106280 | TotalRevenuePriorYear |
| Total Revenue Current Year | 120119321 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 19583704 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 21332322 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2550554 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2243541 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 9087360 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 72039765 | OtherExpensePriorYear |
| Other Expenses Current Year | 70155566 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 94174023 | TotalExpensesPriorYear |
| Total Expenses Current Year | 93731429 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -8067743 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 26387892 | RevenuesLessExpensesCY |
| Total Assets BOY | 930444298 | TotalAssetsBOY |
| Total Assets EOY | 1000795169 | TotalAssetsEOY |
| Total Liabilities BOY | 284712233 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 296662636 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 645732065 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 704132533 | NetAssetsOrFundBalancesEOY |
| Mission Description | RECEIVE, INVEST AND MANAGE PRIVATE FUNDS GIVEN FOR THE SUPPORT OF PROGRAMS AT VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (UNIVERSITY) AND TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 82082134 | Expense |
| Grants | 21332322 | Grants |
| Revenue | 33174069 | Revenue |
| Description | THE VIRGINIA TECH FOUNDATION, INC. IS TO RECEIVE, INVEST, AND MANAGE PRIVATE FUNDS GIVEN FOR THE SUPPORT OF PROGRAMS AT VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY AND TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF VIRGINIA TECH. | Description |
| Total Program Service Expense | 82082134 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 280 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 120 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | SZ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | true | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 6 | NumberOf8282Filed |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form1098 C Filed | true | Form1098CFiled |
| Nbr Voting Governing Body Members | 35 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 34 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DRRAYMOND DSMOOT JR | NamePerson |
| Telephone Number | 5402315751 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 902 PRICES FORK RD SUITE 4000 | AddressLine1 |
| City | BLACKSBURG | City |
| State | VA | State |
| ZIP Code | 24061 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (43 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| DAVID R HENDERSON | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| E RALPH ENGLISH JR | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| ROBERT A ARCHER | |||||||
| Board Member | 2.0 | X | 0 | 0 | 0 | ||
| BRIDGET R BERMAN | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| GEARY G BROADNAX | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| MICHAEL W CLARKE | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| BRUCE C CARVER | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| PATRICIA CALDWELL | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| SHAWN C JOHNSON | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| LINDA A HODGES | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| JAMES H HATCH | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| JERRY L HULICK | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| THEODORE E KING JR | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| WILLIAM C LATHAM | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| JOHN C LEE IV | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| MICHAEL J QUILLEN | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| JAMES E PEARMAN JR | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| CHARLES W PRYOR JR | |||||||
| Chairman of the Board | 2.0 | X | 0 | 0 | 0 | ||
| PAULA J ROBICHAUD | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| MARGARET G SKELTON | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| ELIZABETH ANN SPENCER | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| DR CHARLES W STEGER JR | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 479892 | 307402 | ||
| BENJAMIN Z STALLINGS II MD | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| HORACIO A VALEIRAS | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| ROBERT P FRALIN | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| JOHN R LAWSON II | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| PRESTON M WHITE JR | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| THOMAS R BYRD | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| Michael J Bogese Jr | |||||||
| Board Member | 2.0 | X | 0 | 0 | 0 | ||
| RT AVERY | |||||||
| Board Member | 2.0 | X | 0 | 0 | 0 | ||
| W Hanson Hance West | |||||||
| Board Member | 2.0 | X | 0 | 0 | 0 | ||
| Jacob A Lutz III | |||||||
| Board Member | 2.0 | X | 0 | 0 | 0 | ||
| KEVIN W LECLAIRE | |||||||
| Board Member | 2.0 | X | 0 | 0 | 0 | ||
| CHRISTOPHER J BRIGHTMAN | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| FAY H STREET | |||||||
| BOARD MEMBER | 2.0 | X | 0 | 0 | 0 | ||
| DR RAYMOND D SMOOT JR | |||||||
| COO/SECRETARY-TREASURER | 40.0 | 321140 | 0 | 32655 | X | ||
| M DWIGHT SHELTON JR | |||||||
| EXECUTIVE VICE PRESIDENT | 2.0 | 0 | 246000 | 37337 | X | ||
| DR ELIZABETH A FLANAGAN | |||||||
| EXECUTIVE VICE PRESIDENT | 2.0 | 0 | 284250 | 40855 | X | ||
| DAN WARD | |||||||
| SENIOR INVESTMENT ANALYST | 40.0 | 103333 | 0 | 30699 | X | ||
| JIM FLOWERS | |||||||
| DIRECTOR OF VT KNOWLEDGWORKS | 40.0 | 129500 | 0 | 32240 | X | ||
| KEVIN SULLIVAN | |||||||
| LEGAL COUNSEL | 40.0 | 115000 | 0 | 30371 | X | ||
| TERRI MITCHELL | |||||||
| CONTROLLER | 40.0 | 110000 | 0 | 15148 | X | ||
| JOE MEREDITH | |||||||
| PRESIDENT OF THE CORP RES CTR | 40.0 | 178000 | 0 | 32819 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 956973 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 1010142 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 559526 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CAMBRIDGE ASSOCIATES LLC | |||||
| PO Box 10317 | UNIONDALE | NY | 11555 | INVESTMENT MGMT SVC | 711415 |
| ALTIZER HODGES VARNEY INC | |||||
| C/O EDC 1660 HUGUENOT RD | MIDLOTHIAN | VA | 23113 | CONSTRUCTION SERVICE | 247259 |
| NATIONAL PUBLIC RADIO INC | |||||
| PRSS 635 MASSACHUSETTS AVE | WASHINGTON | DC | 200013753 | RADIO PROG FEES | 321131 |
| THE BANK OF NEW YORK MELLON | |||||
| PO BOX 371784 | PITTSBURGH | PA | 152517784 | INVESTMENT MGMT SERV | 270246 |
| ALBOURNE AMERICA LLC | |||||
| 655 MONTGOMERY ST STE 1910 | SAN FRANCISCO | CA | 94111 | INVESTMENT MGMT SVC | 220000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 16 | NumberOfContractorsGT100K |
| All Other Contributions | 86945252 | AllOtherContributions |
| Noncash Contributions | 30269369 | NoncashContributions |
| Total Contributions | 86945252 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| RIVER COURSE | 900099 | 2003554 | 1148068 | 855486 |
| AFFILIATE PROGRAM | 900099 | 3340309 | 3340309 | |
| DEV\MGT END FEES | 900099 | 554669 | 554669 | |
| VT SERVICES SURPLUS | 900099 | 500000 | 500000 | |
| SALES | 900099 | 430005 | 430005 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4075419 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4075419 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 10903956 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8581033 | TotalRevenueColumn |
| Unrelated Business Revenue | 178909 | UnrelatedBusinessRevenue |
| Exclusion | $8,402,124 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 51675 | TotalRevenueColumn |
| Exclusion | $51,675 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 452996 | TotalRevenueColumn |
| Exclusion | $452,996 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 13693137 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 11859973 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1833164 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1833164 | TotalRevenueColumn |
| Unrelated Business Revenue | 126009 | UnrelatedBusinessRevenue |
| Exclusion | $1,707,155 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 651830858 | Securities |
| Other | 1460642 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 642192591 | Securities |
| Other | 1574346 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9638267 | Securities |
| Other | -113704 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9524563 | TotalRevenueColumn |
| Exclusion | $9,524,563 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 178673 | GrossSalesOfInventory |
| Cost Of Goods Sold | 117146 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61527 | TotalRevenueColumn |
| Exclusion | $61,527 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| OTHER REVENUE | 900099 | 1752273 | $1,752,273 | |
| ALUMNI TOURS | 812900 | 12882 | 12882 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1765155 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 120119321 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10048470 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1173286 | UnrelatedBusinessRevenue |
| Exclusion | $21,952,313 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21332322 | Total |
| Program Services | 21332322 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 353794 | Total |
| Management And General | 353794 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 611795 | Total |
| Program Services | 158390 | ProgramServices |
| Management And General | 453405 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 207420 | Total |
| Program Services | 19595 | ProgramServices |
| Management And General | 187825 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 279770 | Total |
| Program Services | 29742 | ProgramServices |
| Management And General | 250028 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 790762 | Total |
| Program Services | 42084 | ProgramServices |
| Management And General | 748678 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 232770 | Total |
| Program Services | 217737 | ProgramServices |
| Management And General | 15033 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79155 | Total |
| Management And General | 79155 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 179164 | Total |
| Program Services | 179164 | ProgramServices |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1695992 | Total |
| Program Services | 1694417 | ProgramServices |
| Management And General | 1575 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2292304 | Total |
| Program Services | 2148216 | ProgramServices |
| Management And General | 54482 | ManagementAndGeneral |
| Fundraising | 89606 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 431458 | Total |
| Program Services | 367156 | ProgramServices |
| Management And General | 381 | ManagementAndGeneral |
| Fundraising | 63921 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2920958 | Total |
| Program Services | 1975909 | ProgramServices |
| Management And General | 72269 | ManagementAndGeneral |
| Fundraising | 872780 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 237711 | Total |
| Program Services | 83183 | ProgramServices |
| Management And General | 7047 | ManagementAndGeneral |
| Fundraising | 147481 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 565614 | Total |
| Program Services | 463644 | ProgramServices |
| Management And General | 9467 | ManagementAndGeneral |
| Fundraising | 92503 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2475275 | Total |
| Program Services | 1780414 | ProgramServices |
| Management And General | 7642 | ManagementAndGeneral |
| Fundraising | 687219 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 158556 | Total |
| Program Services | 156081 | ProgramServices |
| Management And General | 2475 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1762169 | Total |
| Program Services | 1758300 | ProgramServices |
| Management And General | 3869 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 782410 | Total |
| Program Services | 767836 | ProgramServices |
| Management And General | 14574 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 314174 | Total |
| Program Services | 219700 | ProgramServices |
| Management And General | 92939 | ManagementAndGeneral |
| Fundraising | 1535 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| UNIV OPERATING SUPPORT | 24389314 | 23783337 | 605977 | |
| UNIV SALARY/WAGE BENEFITS | 18561244 | 13607508 | 4953736 | |
| UNIVERSITY SPONSORED RESEARCH | 3181343 | 3131085 | 50000 | 258 |
| MEALS & ENTERTAINMENT | 2794554 | 2155739 | 624782 | 14033 |
| NON-MONETARY PROGR SUPPORT | 1531091 | 1529686 | 1405 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5570310 | Total |
| Program Services | 4480889 | ProgramServices |
| Management And General | 193006 | ManagementAndGeneral |
| Fundraising | 896415 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93731429 | Total |
| Program Services | 82082134 | ProgramServices |
| Management And General | 2561935 | ManagementAndGeneral |
| Fundraising | 9087360 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21000102 | BOY |
| EOY | 20629941 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67747559 | BOY |
| EOY | 68150150 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9483794 | BOY |
| EOY | 1764647 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103424745 | BOY |
| EOY | 84479685 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2291616 | BOY |
| EOY | 1950349 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2897330 | BOY |
| EOY | 3384198 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 134560447 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 31607653 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79935631 | BOY |
| EOY | 102952794 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 262912470 | BOY |
| EOY | 239921185 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 335147967 | BOY |
| EOY | 432805590 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1 | BOY |
| EOY | 51291 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45603083 | BOY |
| EOY | 44705339 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 930444298 | BOY |
| EOY | 1000795169 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6256389 | BOY |
| EOY | 2716202 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10753409 | BOY |
| EOY | 16897084 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113996562 | BOY |
| EOY | 106565000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64950000 | BOY |
| EOY | 69720019 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13040433 | BOY |
| EOY | 14065947 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75715440 | BOY |
| EOY | 86698384 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 284712233 | BOY |
| EOY | 296662636 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58565949 | BOY |
| EOY | 92077219 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 280869573 | BOY |
| EOY | 284280009 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 306296543 | BOY |
| EOY | 327775305 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 645732065 | BOY |
| EOY | 704132533 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 930444298 | BOY |
| EOY | 1000795169 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 81815223 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 78470364 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 91577712 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 65143270 | CurrentTaxYearMinus1Year |
| Current Tax Year | 86945252 | CurrentTaxYear |
| Total | 403951821 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 81815223 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 78470364 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 91577712 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 65143270 | CurrentTaxYearMinus1Year |
| Current Tax Year | 86945252 | CurrentTaxYear |
| Total | 403951821 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 403951821 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 21256368 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 24575923 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 11245134 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 22292418 | CurrentTaxYearMinus1Year |
| Current Tax Year | 22778841 | CurrentTaxYear |
| Total | 102148684 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8860628 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7486870 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6348327 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7817545 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1752273 | CurrentTaxYear |
| Total | 32265643 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 538366148 | TotalSupport |
| Gross Receipts From Admissions Etc | 33203699 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.75033 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.70033 | 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying |
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 179164 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 179164 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 93552265 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 93731429 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 1000000 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 250000 | FilingOrganizationsTotals |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 1000000 | CurrentYearMinus3 |
| Current Year Minus2 | 1000000 | CurrentYearMinus2 |
| Current Year Minus1 | 1000000 | CurrentYearMinus1 |
| Current Year | 1000000 | CurrentYear |
| Total | 4000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 119000 | CurrentYearMinus3 |
| Current Year Minus2 | 172674 | CurrentYearMinus2 |
| Current Year Minus1 | 238803 | CurrentYearMinus1 |
| Current Year | 179164 | CurrentYear |
| Total | 709641 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 250000 | CurrentYearMinus3 |
| Current Year Minus2 | 250000 | CurrentYearMinus2 |
| Current Year Minus1 | 250000 | CurrentYearMinus1 |
| Current Year | 250000 | CurrentYear |
| Total | 1000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 82935 | RevenuesIncluded |
| Assets In Part X | 4486017 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 415169940 | BeginningOfYearBalance |
| Contributions | 19917552 | Contributions |
| Investment Earnings Or Losses | 59258316 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 21332322 | GrantsOrScholarships |
| Other Expenditures | 5385567 | OtherExpenditures |
| Administrative Expenses | 7089848 | AdministrativeExpenses |
| End Of Year Balance | 460538071 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 487801082 | BeginningOfYearBalance |
| Contributions | 20903589 | Contributions |
| Investment Earnings Or Losses | -21549303 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 19583704 | GrantsOrScholarships |
| Other Expenditures | 45963304 | OtherExpenditures |
| Administrative Expenses | 6438420 | AdministrativeExpenses |
| End Of Year Balance | 415169940 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.05000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.40000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.55000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 24541143 | OtherCostOrOtherBasis |
| Book Value | 24541143 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 89706840 | OtherCostOrOtherBasis |
| Depreciation | 25287096 | Depreciation |
| Book Value | 64419744 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 650576 | OtherCostOrOtherBasis |
| Depreciation | 281109 | Depreciation |
| Book Value | 369467 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5246731 | OtherCostOrOtherBasis |
| Depreciation | 3242574 | Depreciation |
| Book Value | 2004157 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14415157 | OtherCostOrOtherBasis |
| Depreciation | 2796874 | Depreciation |
| Book Value | 11618283 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 102952794 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| PARTNERSHIP INVESTMENTS | 298051250 | F |
| INVESTMENTS IN SUBSIDIARIES | 30435111 | C |
| REAL ESTATE | 24850789 | F |
| MORTGAGES RECEIVABLE | 3724893 | F |
| OTHER INVESTMENTS | 75743547 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 432805590 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| AGENCY DEPOSITS HELD IN TRUST | $55,972,407 |
| TRUST PAYMENT LIABILITIES | $17,946,373 |
| THIRD PARTY TRUST OBLIGATIONS | $7,284,798 |
| ANNUITY OBLIGATIONS | $5,494,806 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 86698384 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COLLECTIONS OF ART | SCHEDULE D, PART III, LINE 4 | VINTAGE AND OTHER COLLECTION ITEMS ARE USED TO SUPPORT THE EDUCATIONAL AND RESEARCH MISSION OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY. |
| ENDOWMENT FUNDS | SCHEDULE D, PART V, LINE 4 | THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 2,930 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. THE INTENT IS THAT THE PRINCIPAL OF THE ORIGINAL GIFT CAN BE USED TO PROVIDE A PERPETUAL STREAM OF FINANCIAL SUPPORT TO A PROGRAM, SCHOLARSHIP OR PROFESSORSHIP AT VIRGINIA TECH. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. |
| INCOME TAXES | SCHEDULE D, PART X | THE INTERNAL REVENUE SERVICE HAS RULED THAT VTF AND VTREF QUALIFY UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND ARE, THEREFORE, NOT GENERALLY SUBJECT TO INCOME TAXES UNDER PRESENT TAX LAWS. HOWEVER, VTCRC AND HRF ARE TAXABLE CORPORATIONS. INCOME TAXES FOR VTCRC AND HRF ARE ACCOUNTED FOR UNDER THE ASSET AND LIABILITY METHOD. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO DIFFERENCES BETWEEN THE FINANCIAL STATEMENT CARRYING AMOUNTS OF EXISTING ASSETS AND LIABILITIES AND THEIR RESPECTIVE TAX BASES AND OPERATING LOSS AND TAX CREDIT CARRYFORWARDS. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING ENACTED TAX RATES EXPECTED TO APPLY TO TAXABLE INCOME IN THE YEARS IN WHICH THOSE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR SETTLED. THE EFFECT ON DEFERRED TAX ASSETS AND LIABILITIES OF A CHANGE IN TAX RATES IS RECOGNIZED IN THE CHANGE IN NET ASSETS IN THE PERIOD THAT INCLUDES THE ENACTMENT DATE. THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION HAS ANALYZED FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AND NO RESERVES FOR UNCERTAIN TAX POSITIONS, NOR INTEREST AND PENALTIES, HAVE BEEN RECORDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE ONLY PERIODS SUBJECT TO EXAMINATION ARE THE 2007 THROUGH 2010 TAX YEARS. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 1 | 0 | Program Services | Rent | 282459 |
| Central America and the Caribbean | 0 | 0 | Investments |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Total Amount Spent | 282459 | TotalAmountSpent |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 STUDENT SERVICES BUILDING | AddressLine1 |
| City | BLACKSBURG | City |
| State | VA | State |
| ZIP Code | 24061 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 546001805 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 21332322 | AmountOfCashGrant |
| Purpose Of Grant | SCHOLARSHIPS | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHOLARSHIPS | Identifier |
| Return Reference | SCHEDULE I, PART I, LINE 2 | ReturnReference |
| Explanation | THE FOUNDATION MAKES GRANTS TO PROVIDE SCHOLARSHIPS TO STUDENTS OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (VIRGINIA TECH). | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR CHARLES W STEGER JR | |||||||||||||
| 0 | 457040 | 0 | 22852 | 0 | 0 | 0 | 291257 | 0 | 16145 | 0 | 787294 | 0 | 0 |
| DR RAYMOND D SMOOT JR | |||||||||||||
| 321140 | 0 | 0 | 0 | 0 | 0 | 31277 | 0 | 1378 | 0 | 353795 | 0 | 0 | 0 |
| M DWIGHT SHELTON JR | |||||||||||||
| 0 | 246000 | 0 | 0 | 0 | 0 | 0 | 24968 | 0 | 12369 | 0 | 283337 | 0 | 0 |
| DR ELIZABETH A FLANAGAN | |||||||||||||
| 0 | 284250 | 0 | 0 | 0 | 0 | 0 | 30042 | 0 | 10813 | 0 | 325105 | 0 | 0 |
| JIM FLOWERS | |||||||||||||
| 129500 | 0 | 0 | 0 | 0 | 0 | 16278 | 0 | 15962 | 0 | 161740 | 0 | 0 | 0 |
| JOE MEREDITH | |||||||||||||
| 178000 | 0 | 0 | 0 | 0 | 0 | 22855 | 0 | 9964 | 0 | 210819 | 0 | 0 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| IDA MONTGOMERY COUNTY VIRGINIA | ||||||
| 541643441 | 613755BJ5 | 2005-08-25 | 49830000 | 2005 FACILITIES TO SUPPORT UNIVERS | false | false |
| IDA MONTGOMERY COUNTY VIRGINIA | ||||||
| 541643441 | 0061375P4 | 2009-02-12 | 73380000 | 2007 FACILITIES TO SUPPORT UNIVERS | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Amount DefeasedAmountDefeased | Amount UnspentAmountUnspent | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 49830000 | 0 | 31320000 | 0 | 188741 | 0 | 18321259 | 2007 | true | false | true | true |
| 73380000 | 0 | 24480000 | 0 | 515259 | 0 | 48384741 | 2010 | true | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | true | false | false | true | 0.00260 | 0.00000 | 0.00260 | true |
| false | false | false | false | true | 0.00000 | 0.00000 | 0.00000 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of HedgeTermOfHedge |
|---|---|---|---|---|---|---|
| (no name) | ||||||
| false | true | false | false | false | true | |
| WACHOVIA | ||||||
| false | true | true | false | false | true | 2.17 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 66100 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 14335 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 39860 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 116535 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Boats And Planes BoatsAndPlanes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 10230 | NoncashContribsRptdF990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 258 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 6868710 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1021500 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Real Estate Commercial RealEstateCommercial
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 19500000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real Estate Other | RealEstateOther |
Collectibles Collectibles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 5 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2500 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 27 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 68120 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts |
Scientific Specimens ScientificSpecimens
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | LIVESTOCK | 67 | 1150405 | FMV |
| X | EQUIPMENT | 4 | 159668 | FMV |
| X | SOFTWARE | 1 | 810000 | FMV |
| X | MISC | 97 | 441406 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 35 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| REVIEW OF FORM 990 | PART VI, LINE 11 | MANAGEMENT AND THE FOUNDATION ACCOUNTING STAFF PROVIDE THE NECESSARY FINANCIAL AND OTHER INFORMATION TO THE FOUNDATION'S INDEPENDENT THIRD PARTY TAX CONSULTANTS. THE TAX CONSULTANTS REVIEW AND COMPILE THE INFORMATION INTO THE 990 AND 990T FORMS AND PROVIDE A DRAFT TO MANAGEMENT. MANAGEMENT AND THE ASSISTANT VICE PRESIDENT AND CONTROLLER PERFORM A DETAILED REVIEW OF THE FORM PRIOR TO FORWARDING IT TO THE COO FOR REVIEW. THE COO THEN REVIEWS THE FORMS. ANY ISSUES AFTER THESE REVIEWS ARE COMMUNICATED BACK TO THE THIRD PARTY TAX CONSULTANTS. ANY ISSUES ARE CORRECTED AND ADDRESSED BY BOTH PARTIES. TWO WEEKS PRIOR TO THE FILING DEADLINE THE FORMS ARE MAILED TO ALL MEMBERS OF THE FOUNDATION BOARD OF DIRECTORS. IF THERE ARE NO COMMENTS OR ISSUES THAT COULD NOT BE RESOLVED, THE CHIEF OPERATING OFFICER THEN SIGNS THE TRANSMITTAL FORM TO PERMIT THE ELECTRONIC FILING, AS REQUIRED BY THE IRS, ON BEHALF OF THE FOUNDATION. DISCLOSURE OF THE 990 AND 990 T WILL BE MADE IN FULL COMPLIANCE WITH THE REQUIREMENTS ESTABLISHED BY THE IRS. |
| CONFLICT OF INTEREST POLICY | PART VI, LINE 12C | THE VIRGINIA TECH FOUNDATION, INC. HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES EACH MEMBER (FOUNDATION BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES (RESPONSIBLE PERSONS)) TO COMPLETE AN ANNUAL STATEMENT SETTING FORTH ANY AND ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST THAT OCCURRED DURING THE PAST FISCAL YEAR. IN ADDITION TO THE STATEMENT AN ANNUAL COMPLIANCE QUESTIONNAIRE MUST BE COMPLETED AND SUBMITTED BY EACH MEMBER. ALSO, IF A CONFLICT SHOULD ARISE THAT WAS NOT PREVIOUSLY DISCLOSED IN THE ANNUAL STATEMENT OR THE QUESTIONNAIRE, A STATEMENT MUST BE SUBMITTED TO THE VIRGINIA TECH FOUNDATION DISCLOSING THE FACTS OF THE SITUATION. THE EXECUTIVE COMMITTEE OF THE FOUNDATION REVIEWS THE QUESTIONNAIRES AND STATEMENTS AND WILL DETERMINE IF A CONFLICT DOES ACTUALLY EXIST. THE EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER TO AUTHORIZE APPROVE OR RATIFY THE ARRANGEMENT/TRANSACTION BASED SOLELY ON WHETHER IT IS IN THE BEST INTERESTS OF THE FOUNDATION IN PERFORMING ITS MISSION. |
| COMPENSATION PRACTICES | PART VI, LINE 15 | SALARY AND BENEFITS FOR THE CHIEF OPERATING OFFICER/SECRETARY TREASURER ARE RECOMMENDED BY THE UNIVERSITY PRESIDENT AND APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS. COMPARATIVE SALARY AND BENEFITS INFORMATION IS PROVIDED TO THE BOARD FOR ITS CONSIDERATION IN MAKING SALARY ADJUSTMENTS AND ESTABLISHING BENEFIT PROGRAMS. SOME OF THE WAYS THAT COMPENSATION IS DETERMINED TO BE COMPETITIVE ARE: 990'S OF COMPARATIVE INSTITUTIONS ARE REVIEWED TO COMPREHEND WHAT SALARIES ARE BEING OFFERED IN THESE INSTITUTIONS. DURING 2007, CLARK CONSULTING INC. WAS CONTRACTED TO REVIEW THE REASONABLENESS OF THE CURRENT COMPENSATION AND BENEFITS PACKAGE FOR THE COO, AND THE STUDY CONCLUDED THAT THE TOTAL COMPENSATION PACKAGE IS REASONABLE ACCORDING TO THE TERMS OF THE INTERMEDIATE SANCTIONS REGULATIONS ISSUED UNDER SECTION 4958 OF THE INTERNAL REVENUE CODE. THE DECISIONS MADE BY THE BOARD OF DIRECTORS ARE DOCUMENTED IN THE MINUTES. THE COO/SECRETARY TREASURER THEN APPROVES THE COMPENSATION FOR THE OTHER KEY POSITIONS OF THE FOUNDATION AND THAT COMPENSATION IS INCLUDED IN THE BOARD APPROVED ANNUAL OPERATING BUDGET. IT IS THE FOUNDATION'S POLICY TO PROVIDE SALARY AND BENEFITS AS CLOSE AS PRACTIBLE TO THOSE PROVIDED TO UNIVERSITY EMPLOYEES. COMPARATIVE DATA INCLUDING UNIVERSITY AVERAGES FOR SIMILAR POSITIONS IS USED IN ESTABLISHING AND ADJUSTING SALARIES. MERIT ADJUSTMENTS MIRROR THE UNIVERSITY APPROVED MERIT ADJUSTMENTS EACH YEAR. |
| JOINT VENTURE | PART VI, LINE 16B | THE FOUNDATION ADOPTED A JOINT VENTURE POLICY AFTER YEAR-END ON SEPTEMBER 1, 2009. THE POLICY REQUIRES THAT THE FOUNDATION EVALUATE ITS PARTICIPATION IN JOINT VENTURE AGREEMENTS UNDER FEDERAL TAX LAW AND TAKE STEPS TO SAFEGUARD THE FOUNDATION'S EXEMPT STATUS WITH RESPECT TO SUCH ARRANGEMENTS. |
| GOVERNING DOCUMENTS AVAILABILITY | PART VI, LINE 19 | THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ANY SUCH REQUESTS WOULD BE CONSIDERED ON A CASE BY CASE BASIS. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| RIVER COURSE LLC | |||||||||
| 902 Prices Fork Rd Suite 4000 | Blacksburg | VA | 24061 | 061654343 | GOLF COURSE | VA | 978212 | 12068748 | NA |
| VA TECH BUS TECH CENTER LLC | |||||||||
| 902 PRICES FORK ROAD SUITE 4500 | BLACKSBURG | VA | 24061 | 540567560 | BUS ASSIST | VA | 260093 | 41698 | NA |
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Legal Domicile Foreign CountryLegalDomicileForeignCountry |
|---|---|---|---|---|---|---|---|---|---|
| Virginia Tech Real Estate Foundation In | |||||||||
| 902 Prices Fork Rd Suite 4500 | Blacksburg | VA | 24061 | 541528809 | PROPERTY MGMT | VA | 501 (c) (3) | 11a Type I | |
| Virginia Polytechnic and State Universit | |||||||||
| 201 Southgate Center | Blacksburg | VA | 24061 | 546001805 | University | VA | 501(c)(3) | 2 | |
| The Ferrari Foundation | |||||||||
| 902 Prices Fork Road Suite 4000 | Blacksburg | VA | 24061 | European Stud | SZ | ||||
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hotel Roanoke LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 902 Prices Fork Rd Suite 4500 | AddressLine1 |
| City | BLACKSBURG | City |
| State | VA | State |
| ZIP Code | 24061 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541702473 | EIN |
| Primary Activity | HOTEL OPERATI | PrimaryActivity |
| Legal Domicile State | VA | LegalDomicileState |
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|
| Virginia Tech Corporate Research Center | ||||||||||
| 1715 Pratt Drive Suite 1000 | Blacksburg | VA | 24061 | 541324469 | RENTAL | VA | C Corp | 5035809 | 16919975 | 1.00000 |
| HR Foundation Inc | ||||||||||
| 902 Prices Fork Rd Suite 4500 | Blacksburg | VA | 24061 | 541702474 | Property Mgmt | VA | C Corp | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | true | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (6 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Virginia Tech Corporate Research Center | |
| l | 383184 |
| Virginia Tech Corporate Research Center | |
| a | 741314 |
| Virginia Tech Real Estate Foundation | |
| a | 337071 |
| Virginia Tech Corporate Research Center | |
| a | 142670 |
| Virginia Tech Real Estate Foundation | |
| a | 171702 |
| Virginia Tech Corporate Research Center | |
| a | 158171 |