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Virginia Tech Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a donor-advised fund
Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.

Summary charts: organization finances over time

Revenue
$222M (2023)

Expenses
$169M (2023)

Total Assets
$2.85B (2023)

Total Liabilities
$1.01B (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$222,260,777
Expenses
$169,496,379
Net Income
$52,764,398
Net Assets
$1,837,042,425
Notable Sources of Revenue Percent of Total Revenue
Contributions $134,749,837
60.6%
Program Services $17,651,437
7.9%
Investment Income $34,381,238
15.5%
Bond Proceeds $81,813
0.0%
Royalties $125
0.0%
Rental Property Income $16,549,766
7.4%
Net Fundraising $0
Sales of Assets $5,624,140
2.5%
Net Inventory Sales $19,889
0.0%
Other Revenue $13,202,532
5.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,242,435
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,332,281
2.0%
Assets/Debt
Total Assets $2,846,142,047
Total Liabilities $1,009,099,622
Net Assets $1,837,042,425
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Mr Daniel Ward (Avp Term. June 2023) $1,203,824 $0 $61,767
Elizabeth A Mcclanahan (Chief Executive Officer) $595,000 $0 $34,074
Ms Terri T Mitchell (Secretary) $270,149 $0 $57,279
Ms Catherine Potter (Avp/General Counsel Term. Jan. 2023) $234,149 $0 $38,822
Mr John J Cusimano (Avp Term. July 2022) $61,186 $285,561 $22,555
Ms Starlette B Johnson (Chair) $0 $0 $0
Mr Charles D Phlegar (Board Member Ex Officio) $0 $852,167 $119,134
Mr Edward H Baine (Board Member) $0 $0 $0
Mr Omar M Asali (Board Member) $0 $0 $0
Mr Christopher J Brightman (Board Member) $0 $0 $0
Ms Margaret L Callahan (Board Member) $0 $0 $0
Mr Nathan T Lavinka (Board Member Ex Officio) $0 $0 $0
Mr Kevin T Crofton (Board Member) $0 $0 $0
Mr Stephen T Mason (Board Member) $0 $0 $0
Mr Gregory C Godsey (Board Member) $0 $0 $0
Mr Donald Don B Halliwill (Board Member) $0 $0 $0
Mr James G Petrine (Board Member Ex Officio) $0 $0 $0
Ms Traci J Deshazor (Board Member) $0 $0 $0
Mr J Benjamin Doughtie (Board Member) $0 $0 $0
Dr Amy S Sebring (Board Member Ex Officio) $0 $164,717 $13,860
Mr W Lake Wagner (Board Member) $0 $0 $0
Commander Michael E Melo (Board Member) $0 $0 $0
Mr Roger H Moore (Board Member) $0 $0 $0
Mr Marty Muscatello (Board Member) $0 $0 $0
Mr William N Park (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$317,072,936
Expenses
$201,452,391
Net Income
$115,620,545
Net Assets
$1,715,805,837
Notable Sources of Revenue Percent of Total Revenue
Contributions $203,293,856
64.1%
Program Services $26,495,037
8.4%
Investment Income $27,589,609
8.7%
Bond Proceeds $31,554
0.0%
Royalties $420
0.0%
Rental Property Income $14,999,247
4.7%
Net Fundraising $0
Sales of Assets $48,350,728
15.2%
Net Inventory Sales $27,992
0.0%
Other Revenue -$3,715,507
Notable Expenses Percent of Total Expenses
Executive Compensation $1,195,325
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,672,087,433
Total Liabilities $956,281,596
Net Assets $1,715,805,837
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Mr Daniel Ward (Cio Endowment) $508,178 $0 $59,202
Elizabeth A Mcclanahan (Chief Executive Officer) $300,000 $0 $30,314
Ms Terri T Mitchell (Secretary) $244,388 $0 $53,244
Mr Ebenhard Stoddard (Investment Manager) $228,792 $0 $47,303
Mr Bryan H Boehling (Investment Manager) $227,438 $0 $33,307
Ms Catherine Potter (Assoc Vp/General Counsel) $223,109 $0 $37,049
Ms Starlette B Johnson (Chair) $0 $0 $0
Mr Charles D Phlegar (Executive Vice President) $0 $725,262 $138,249
Dr Dwayne L Pinkney (Executive Vice President) $0 $476,300 $79,761
Mr John C Asbury (Board Member) $0 $0 $0
Mr Omar M Asali (Board Member) $0 $0 $0
Mr Christopher J Brightman (Board Member) $0 $0 $0
Ms Margaret L Callahan (Board Member) $0 $0 $0
Ms Deseria Creighton Barney (Board Member) $0 $0 $0
Mr Kevin T Crofton (Board Member) $0 $0 $0
Mr John C Fernando (Board Member) $0 $0 $0
Mr Gregory C Godsey (Board Member) $0 $0 $0
Mr Donald Don B Halliwill (Board Member) $0 $0 $0
Ms Sandra C Davis (Board Member) $0 $0 $0
Ms Traci J Deshazor (Board Member) $0 $0 $0
Mr J Benjamin Doughtie (Board Member) $0 $0 $0
Mr Ryan D Lewellyn (Board Member) $0 $0 $0
Ms Letitia A Long (Board Member) $0 $0 $0
Commander Michael E Melo (Board Member) $0 $0 $0
Mr Roger H Moore (Board Member) $0 $0 $0

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Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$338,678,106
Expenses
$114,591,621
Net Income
$224,086,485
Net Assets
$1,729,478,924
Notable Sources of Revenue Percent of Total Revenue
Contributions $176,951,316
52.2%
Program Services $17,075,178
5.0%
Investment Income $19,082,673
5.6%
Bond Proceeds $61,835
0.0%
Royalties -$25,649
Rental Property Income $7,081,686
2.1%
Net Fundraising $0
Sales of Assets $110,435,639
32.6%
Net Inventory Sales $43,643
0.0%
Other Revenue $7,971,785
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,395,123
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,705,348,340
Total Liabilities $975,869,416
Net Assets $1,729,478,924
Compensation
Key Employees and Officers Compensation Related Other
Mr Daniel Ward (Cio Endowment) $525,136 $0 $57,954
Dr John E Dooley (Ceo Through 5/31/21) $492,640 $0 $33,730
Ms Terri Mitchell (Secretary) $235,300 $0 $50,364
Mr Ebenhard Stoddard (Investment Manager) $224,260 $0 $44,950
Mr Bryan Boehling (Investment Manager) $223,467 $0 $32,310
Ms Catherine Potter (Assoc Vp/General Counsel) $216,500 $0 $36,113
Mr David Marone (Financial Analyst) $142,263 $0 $35,858
Mr William Hanson West Jr (Chairman) $0 $0 $0
Mr Charles D Phlegar (Executive Vice President) $0 $710,609 $129,324
Justice Elizabeth Mcclanahan (Ceo As Of 6/1/2021) $0 $0 $0
Dr Dwayne L Pinkney (Executive Vice President) $0 $462,100 $49,595
Mr John C Asbury (Board Member) $0 $0 $0
Mr Omar M Asali (Board Member) $0 $0 $0
Mr Christopher J Brightman (Board Member) $0 $0 $0
Ms Margaret L Callahan (Board Member) $0 $0 $0
Ms Deseria Creighton Barney (Board Member) $0 $0 $0
Mr Kevin T Crofton (Board Member) $0 $0 $0
Mr John C Fernando (Board Member) $0 $0 $0
Mr Gregory C Godsey (Board Member) $0 $0 $0
Mr Donald Don B Halliwill (Board Member) $0 $0 $0
Mr Jeffrey C Hartman (Board Member) $0 $0 $0
Ms Starlette B Johnson (Board Member) $0 $0 $0
Dr Deborah A Koller (Board Member) $0 $0 $0
Mr Ryan D Lewellyn (Board Member) $0 $0 $0
Ms Nancy R Little (Board Member) $0 $0 $0

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Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$221,999,686
Expenses
$139,214,097
Net Income
$82,785,589
Net Assets
$1,408,755,387
Notable Sources of Revenue Percent of Total Revenue
Contributions $163,472,809
73.6%
Program Services $15,323,203
6.9%
Investment Income $18,880,227
8.5%
Bond Proceeds $61,835
0.0%
Royalties $5,059
0.0%
Rental Property Income $8,577,821
3.9%
Net Fundraising $0
Sales of Assets $4,396,513
2.0%
Net Inventory Sales $26,722
0.0%
Other Revenue $11,255,497
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,348,718
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,890,155
1.4%
Assets/Debt
Total Assets $2,253,132,781
Total Liabilities $844,377,394
Net Assets $1,408,755,387
Compensation
Key Employees and Officers Compensation Related Other
Mr Daniel Ward (Cio Endowment) $554,552 $0 $55,704
Dr John E Dooley (Ceo & Secretary Treasurer) $452,140 $0 $33,447
Ms Terri Mitchell (Assistant Secretary) $228,050 $0 $47,611
Ms Catherine Potter (Assoc Vp/General Counsel) $213,249 $0 $34,641
Mr Ebenhard Stoddard (Investment Manager) $213,080 $0 $41,913
Mr Bryan Boehling (Investment Manager) $209,976 $0 $56,039
Ms Tammy Costigan (Assistant Controller) $129,955 $0 $34,606
Mr James Ford (Director Of Information Systems) $121,004 $0 $33,346
Ms Karen Bolling (Director Of Internal Audit) $120,750 $0 $32,955
Ms Sandra C Davis (Chairman) $0 $0 $0
Mr Charles D Phlegar (Executive Vice President) $0 $720,921 $128,386
Dr Dwayne L Pinkney (Executive Vice President) $0 $491,904 $49,019
Mr John C Asbury (Board Member) $0 $0 $0
Mr Omar M Asali (Board Member) $0 $0 $0
Mr Christopher J Brightman (Board Member) $0 $0 $0
Ms Margaret L Callahan (Board Member) $0 $0 $0
Ms Deseria Creighton Barney (Board Member) $0 $0 $0
Mr Kevin T Crofton (Board Member) $0 $0 $0
Mr John C Fernando (Board Member) $0 $0 $0
Mr Gregory C Godsey (Board Member) $0 $0 $0
Mr Donald B Halliwill (Board Member) $0 $0 $0
Mr Jeffrey C Hartman (Board Member) $0 $0 $0
Dr Amy B Hayes (Board Member) $0 $0 $0
Mr Gregory J Herrema (Board Member) $0 $0 $0
Ms Starlette B Johnson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$233,401,085
Expenses
$131,820,737
Net Income
$101,580,348
Net Assets
$1,381,328,518
Notable Sources of Revenue Percent of Total Revenue
Contributions $136,988,218
58.7%
Program Services $15,764,877
6.8%
Investment Income $23,358,465
10.0%
Bond Proceeds $27,234
0.0%
Royalties $152,418
0.1%
Rental Property Income $11,339,910
4.9%
Net Fundraising $0
Sales of Assets $36,554,043
15.7%
Net Inventory Sales $38,865
0.0%
Other Revenue $9,177,055
3.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,228,768
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,691,328
1.3%
Assets/Debt
Total Assets $2,098,062,269
Total Liabilities $716,733,751
Net Assets $1,381,328,518
Compensation
Key Employees and Officers Compensation Related Other
Mr Daniel Ward (Director Of Investments) $614,996 $0 $49,533
Dr John E Dooley (Ceo & Secretary Treasurer) $402,360 $0 $32,889
Mr Ebenhard Stoddard (Senior Investment Analyst) $223,181 $0 $43,293
Ms Terri Mitchell (Avp For Admin & Controller) $217,869 $0 $37,960
Mr Bryan Boehling (Senior Investment Analyst) $206,118 $0 $29,520
Ms Catherine Potter (Assoc Vice President/General Counsel) $148,625 $0 $27,455
Ms Tammy Costigan (Assistant Controller) $117,015 $0 $33,083
Ms Karen Bolling (Director Of Internal Audit) $113,980 $0 $32,675
Ms Sandra C Davis (Chairman) $0 $0 $0
Mr Charles D Phlegar (Executive Vice President) $0 $697,368 $127,131
Dr Dwayne L Pinkney (Executive Vice President) $0 $204,558 $19,481
Ms Nancy H Agee (Board Member) $0 $0 $0
Mr Omar M Asali (Board Member) $0 $0 $0
Mr Christopher J Brightman (Board Member) $0 $0 $0
Mr Kevin T Crofton (Board Member) $0 $0 $0
Mr John C Fernando (Board Member) $0 $0 $0
Mr Gregory C Godsey (Board Member) $0 $0 $0
Mr Jeffrey C Hartman (Board Member) $0 $0 $0
Dr Amy B Hayes (Board Member) $0 $0 $0
Mr Gregory J Herrema (Board Member) $0 $0 $0
Ms Starlette B Johnson (Board Member) $0 $0 $0
Dr Deborah A Koller (Board Member) $0 $0 $0
Mr Mark S Lawrence (Board Member) $0 $0 $0
Mr John C Lee Iv (Board Member) $0 $0 $0
Mr Ryan D Lewellyn (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$227,169,734
Expenses
$136,584,840
Net Income
$90,584,894
Net Assets
$1,293,642,969
Notable Sources of Revenue Percent of Total Revenue
Contributions $130,664,700
57.5%
Program Services $17,056,682
7.5%
Investment Income $18,246,815
8.0%
Bond Proceeds $10,461
0.0%
Royalties $165,625
0.1%
Rental Property Income $8,305,123
3.7%
Net Fundraising $0
Sales of Assets $43,175,078
19.0%
Net Inventory Sales $72,444
0.0%
Other Revenue $9,472,806
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $918,226
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,022,200
1.5%
Assets/Debt
Total Assets $1,882,118,387
Total Liabilities $588,475,418
Net Assets $1,293,642,969
Compensation
Key Employees and Officers Compensation Related Other
Daniel Ward (Director Of Investments) $600,531 $0 $54,431
Dr John E Dooley (Ceo And Secretary Treasurer) $391,214 $0 $32,358
Ebenhard Stoddard (Senior Investment Analyst) $229,859 $0 $44,229
Kevin Sullivan (Avp For Admin & Gen Counsel) $221,491 $0 $46,507
Terri T Mitchell (Avp For Admin & Controller) $207,302 $0 $28,469
Bryan Boehling (Senior Investment Analyst) $161,082 $0 $24,425
Karen Bolling (Director, Internal Audit) $109,110 $0 $32,065
Tammy Costigan (Assistant Controller) $107,615 $0 $31,864
John Cusimano (University Treasurer) $52,440 $193,273 $51,785
Charles D Phlegar (Executive Vice President) $0 $676,815 $124,651
M Dwight Shelton Jr (Executive Vice President) $0 $365,136 $71,506
Nancy H Agee (Board Member) $0 $0 $0
Christopher J Brightman (Board Member) $0 $0 $0
Kevin T Crofton (Board Member) $0 $0 $0
Sandra C Davis (Chairman) $0 $0 $0
Dr Amy B Hayes (Board Member) $0 $0 $0
Gregory J Herrema (Board Member) $0 $0 $0
Starlette B Johnson (Board Member) $0 $0 $0
George B Clarke Iv (Board Member) $0 $0 $0
Mark S Lawrence (Board Member) $0 $0 $0
John C Fernando (Board Member) $0 $0 $0
Theodore S Hanson (Board Member) $0 $0 $0
Renae C Pearson (Board Member) $0 $0 $0
Leonard P Harris (Board Member) $0 $0 $0
Robert D Moser Jr (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$225,629,111
Expenses
$124,220,399
Net Income
$101,408,712
Net Assets
$1,203,598,438
Notable Sources of Revenue Percent of Total Revenue
Contributions $145,344,518
64.4%
Program Services $15,946,437
7.1%
Investment Income $18,174,999
8.1%
Bond Proceeds $10,467
0.0%
Royalties $267,933
0.1%
Rental Property Income $9,228,209
4.1%
Net Fundraising $0
Sales of Assets $29,257,617
13.0%
Net Inventory Sales $54,487
0.0%
Other Revenue $7,344,444
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $376,259
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,974,387
1.6%
Assets/Debt
Total Assets $1,705,538,123
Total Liabilities $501,939,685
Net Assets $1,203,598,438
Compensation
Key Employees and Officers Compensation Related Other
Daniel Ward (Director Of Investments) $509,127 $0 $24,221
Dr John E Dooley (Ceo And Secretary Treasurer) $361,950 $0 $14,309
Ebenhard Stoddard (Senior Investment Analyst) $207,801 $0 $23,644
Kevin Sullivan (Avp For Admin & Gen Counsel) $197,000 $0 $23,810
Terri T Mitchell (Avp For Admin & Controller) $192,533 $0 $9,501
Jacob Hardwick (Director Of Golf Operations) $123,850 $0 $20,498
Bryan Boehling (Senior Investment Analyst) $123,423 $0 $29,667
John Cusimano (University Treasurer) $46,019 $239,986 $49,025
Nancy H Agee (Board Member) $0 $0 $0
James L Chapman Iv (Board Member) $0 $0 $0
Mary Blackwood (Board Member) $0 $0 $0
Sandra C Davis (Chairman) $0 $0 $0
Dr Amy B Hayes (Board Member) $0 $0 $0
Gregory J Herrema (Board Member) $0 $0 $0
David L Calhoun (Board Member) $0 $0 $0
George B Clarke Iv (Board Member) $0 $0 $0
Dennis A Duncan (Board Member) $0 $0 $0
John C Fernando (Board Member) $0 $0 $0
John C Lee Iv (Board Member) $0 $0 $0
Theodore S Hanson (Board Member) $0 $0 $0
Darrell D Martin (Board Member) $0 $0 $0
Leonard P Harris (Board Member) $0 $0 $0
Robert D Moser Jr (Board Member) $0 $0 $0
Ryan D Lewellyn (Board Member) $0 $0 $0
Jeffrey C Hartman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$156,278,955
Expenses
$144,186,100
Net Income
$12,092,855
Net Assets
$1,055,600,225
Notable Sources of Revenue Percent of Total Revenue
Contributions $93,511,227
59.8%
Program Services $15,268,058
9.8%
Investment Income $16,308,533
10.4%
Bond Proceeds $6,282
0.0%
Royalties $299,795
0.2%
Rental Property Income $7,538,659
4.8%
Net Fundraising $0
Sales of Assets $18,500,236
11.8%
Net Inventory Sales $63,208
0.0%
Other Revenue $4,782,957
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $378,578
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,991,430
1.4%
Assets/Debt
Total Assets $1,491,192,534
Total Liabilities $435,592,309
Net Assets $1,055,600,225
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Daniel Ward (Director Of Investments) $475,051 $0 $80,869
Dr John E Dooley (Ceo And Secretary Treasurer) $345,000 $0 $39,639
Ebenhard Stoddard (Senior Investment Analyst) $191,653 $0 $40,765
Kevin Sullivan (Avp For Admin & Gen Counsel) $191,167 $0 $44,731
Terri T Mitchell (Avp For Admin & Controller) $182,167 $0 $24,602
Jacob Hardwick (Director Of Golf Operations) $120,600 $0 $27,039
John Cusimano (University Treasurer) $39,390 $236,370 $47,217
Nancy H Agee (Board Member) $0 $0 $0
James K Asselstine (Chairman) $0 $0 $0
Mary Blackwood (Board Member) $0 $0 $0
Sandra C Davis (Board Member) $0 $0 $0
Dr Amy B Hayes (Board Member) $0 $0 $0
Greg J Herrema (Board Member) $0 $0 $0
David L Calhoun (Board Member) $0 $0 $0
George B Clarke Iv (Board Member) $0 $0 $0
Greta J Harris (Board Member) $0 $0 $0
Douglas C Curling (Board Member) $0 $0 $0
Ben J Davenport Jr (Board Member) $0 $0 $0
Theodore S Hanson (Board Member) $0 $0 $0
Darrell D Martin (Board Member) $0 $0 $0
Leonard P Harris (Board Member) $0 $0 $0
Robert D Moser Jr (Board Member) $0 $0 $0
W Todd Holtzman (Board Member) $0 $0 $0
Jeffrey C Hartman (Board Member) $0 $0 $0
John R Lawson Ii (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$197,168,418
Expenses
$127,114,430
Net Income
$70,053,988
Net Assets
$1,071,847,288
Notable Sources of Revenue Percent of Total Revenue
Contributions $98,537,794
50.0%
Program Services $19,232,398
9.8%
Investment Income $24,547,319
12.4%
Bond Proceeds $16,218
0.0%
Royalties $566,571
0.3%
Rental Property Income $8,447,175
4.3%
Net Fundraising $0
Sales of Assets $36,794,677
18.7%
Net Inventory Sales $57,500
0.0%
Other Revenue $8,968,766
4.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $339,188
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,044,065
3.2%
Assets/Debt
Total Assets $1,488,911,823
Total Liabilities $417,064,535
Net Assets $1,071,847,288
Compensation
Key Employees and Officers Compensation Related Other
Dr John E Dooley (Ceo And Secretary Treasurer) $302,500 $0 $36,688
Daniel Ward (Director Of Investments) $299,658 $0 $58,908
Kevin Sullivan (Avp For Admin & Gen Counsel) $172,333 $0 $42,421
Terri T Mitchell (Avp For Admin & Controller) $161,333 $0 $22,756
Ebenhard Stoddard (Senior Investment Analyst) $134,331 $0 $27,215
Jacob Hardwick (Director Of Golf Operations) $110,856 $0 $25,552
Ben J Davenport Jr (Chairman) $0 $0 $0
Dr Elizabeth A Flanagan (Executive Vice President) $0 $323,308 $51,222
M Dwight Shelton (Executive Vice President) $0 $316,161 $101,253
Nancy H Agee (Board Member) $0 $0 $0
James K Asselstine (Board Member) $0 $0 $0
Mary Blackwood (Board Member) $0 $0 $0
Sandra C Davis (Board Member) $0 $0 $0
Dr Amy G Hayes (Board Member) $0 $0 $0
Greg J Herrema (Board Member) $0 $0 $0
David L Calhoun (Board Member) $0 $0 $0
George B Clarke Iv (Board Member) $0 $0 $0
Michael W Clarke (Board Member) $0 $0 $0
Douglas C Curling (Board Member) $0 $0 $0
Theodore S Hanson (Board Member) $0 $0 $0
Darrell D Martin (Board Member) $0 $0 $0
Leonard P Harris (Board Member) $0 $0 $0
Robert D Moser Jr (Board Member) $0 $0 $0
W Todd Holtzman (Board Member) $0 $0 $0
Shawn C Johnson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$171,918,992
Expenses
$115,858,105
Net Income
$56,060,887
Net Assets
$1,030,371,491
Notable Sources of Revenue Percent of Total Revenue
Contributions $81,098,266
47.2%
Program Services $19,461,335
11.3%
Investment Income $17,072,409
9.9%
Bond Proceeds $12,392
0.0%
Royalties $3,281,835
1.9%
Rental Property Income $9,204,565
5.4%
Net Fundraising $0
Sales of Assets $38,673,377
22.5%
Net Inventory Sales $69,423
0.0%
Other Revenue $3,045,390
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $323,865
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,913,659
3.4%
Assets/Debt
Total Assets $1,469,020,451
Total Liabilities $438,648,960
Net Assets $1,030,371,491
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Daniel Ward (Director Of Investments) $309,750 $0 $52,718
Dr John E Dooley (Ceo And Secretary Treasurer) $293,733 $0 $30,132
Joe Meredith (Pres Of Corporate Research) $196,243 $0 $11,948
Kevin Sullivan (Avp For Admin & Gen Counsel) $158,750 $0 $39,870
Terri T Mitchell (Avp For Admin & Controller) $147,750 $0 $20,414
Ebenhard Stoddard (Senior Investment Analyst) $141,083 $0 $33,422
Jim Flowers (Exec Director Of Vtkw) $133,950 $0 $35,841
Dr Raymond D Smoot (Former Director) $131,254 $0 $0
Jacob Hardwick (Director Of Golf Operations) $107,534 $0 $25,427
Nancy H Agee (Board Member) $0 $0 $0
James K Asselstine (Board Member) $0 $0 $0
Mary Blackwood (Board Member) $0 $0 $0
Christopher J Brightman (Board Member) $0 $0 $0
Thomas R Byrd (Board Member) $0 $0 $0
Patricia A Caldwell (Board Member) $0 $0 $0
David L Calhoun (Board Member) $0 $0 $0
George B Clarke Iv (Board Member) $0 $0 $0
Michael W Clarke (Board Member) $0 $0 $0
Douglas C Curling (Board Member) $0 $0 $0
Ben J Davenport Jr (Board Member) $0 $0 $0
Theodore S Hanson (Board Member) $0 $0 $0
R Keith Harman (Board Member) $0 $0 $0
Leonard P Harris (Board Member) $0 $0 $0
James H Hatch (Board Member) $0 $0 $0
W Todd Holtzman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$137,882,726
Expenses
$108,977,401
Net Income
$28,905,325
Net Assets
$910,900,613
Notable Sources of Revenue Percent of Total Revenue
Contributions $83,621,867
60.6%
Program Services $17,942,393
13.0%
Investment Income $15,146,099
11.0%
Bond Proceeds $17,562
0.0%
Royalties $517,073
0.4%
Rental Property Income $5,716,158
4.1%
Net Fundraising $0
Sales of Assets $7,964,411
5.8%
Net Inventory Sales $67,015
0.0%
Other Revenue $6,890,148
5.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $233,084
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,891,763
2.7%
Assets/Debt
Total Assets $1,277,888,023
Total Liabilities $366,987,410
Net Assets $910,900,613

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$113,949,408
Expenses
$99,931,201
Net Income
$14,018,207
Net Assets
$828,263,835
Notable Sources of Revenue Percent of Total Revenue
Contributions $73,762,659
64.7%
Program Services $16,561,597
14.5%
Investment Income $12,203,385
10.7%
Bond Proceeds $86,155
0.1%
Royalties $551,679
0.5%
Rental Property Income $5,022,830
4.4%
Net Fundraising $0
Sales of Assets $4,292,729
3.8%
Net Inventory Sales $87,825
0.1%
Other Revenue $1,380,549
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $313,000
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $667,815
0.7%
Assets/Debt
Total Assets $1,183,587,084
Total Liabilities $355,323,249
Net Assets $828,263,835

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$139,743,718
Expenses
$90,843,928
Net Income
$48,899,790
Net Assets
$826,641,303
Notable Sources of Revenue Percent of Total Revenue
Contributions $101,159,266
72.4%
Program Services $18,803,955
13.5%
Investment Income $9,215,417
6.6%
Bond Proceeds $102,984
0.1%
Royalties $502,975
0.4%
Rental Property Income $887,727
0.6%
Net Fundraising $0
Sales of Assets $6,379,626
4.6%
Net Inventory Sales $564,313
0.4%
Other Revenue $2,127,455
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $318,100
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $682,389
0.8%
Assets/Debt
Total Assets $1,132,039,543
Total Liabilities $305,398,240
Net Assets $826,641,303

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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