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Virginia Innovation Partnership Corporation

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: Science and Technology Research Institutes, Services / Computer Science (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$34.8M (2023)

Expenses
$38M (2023)

Total Assets
$85.8M (2023)

Total Liabilities
$15.9M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings 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.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,793,623
Expenses
$38,026,082
Net Income
-$3,232,459
Net Assets
$69,907,608
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,232,371
49.5%
Program Services $14,820,183
42.6%
Investment Income $2,705,381
7.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $35,688
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,617,843
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,370,842
11.5%
Assets/Debt
Total Assets $85,819,315
Total Liabilities $15,911,707
Net Assets $69,907,608
Compensation
Key Employees and Officers Compensation Related Other
Bob Stolle (President &) $303,313 $0 $57,876
Tom Weithman (Cio & Vp) $285,924 $0 $66,002
Dave Ihrie (Chief Tech O) $257,009 $0 $52,320
Susan Aitcheson (Cfo) $243,440 $0 $40,798
Sean Mallon (Vp Commercia) $209,608 $0 $36,797
Marco Rubin (Dir, Investm) $205,650 $0 $50,283
Angela Costello (Vp, Comm & M) $181,518 $0 $43,476
Conaway Haskins (Vp, Entrepre) $180,920 $0 $53,532
Jen O'daniel (Dir, Investm) $170,551 $0 $32,194
Alex Euler (Dir, Investm) $162,253 $0 $41,236
Monique Adams (Director) $0 $0 $0
Barbara Boyan (Chair) $0 $0 $0
Richard Hall (Director) $0 $0 $0
Andrew Ko (Director) $0 $0 $0
Chris Long (Director) $0 $0 $0
Honorable Caren Merrick (Vice Chair) $0 $0 $0
Rob Quartel (Director) $0 $0 $0
Paula Sorrell (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,793,161
Expenses
$25,978,938
Net Income
-$3,185,777
Net Assets
$73,140,067
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,161,054
70.9%
Program Services $6,226,606
27.3%
Investment Income $384,438
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,063
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,469,868
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,210,776
12.4%
Assets/Debt
Total Assets $75,363,860
Total Liabilities $2,223,793
Net Assets $73,140,067
Compensation
Key Employees and Officers Compensation Related Other
Bob Stolle (President &) $303,313 $0 $56,568
Tom Weithman (Cio & Vp) $254,273 $0 $60,290
Dave Ihrie (Chief Tech O) $228,728 $0 $52,304
Susan Aitcheson (Cfo) $198,659 $0 $34,716
Sean Mallon (Vp Commercia) $186,018 $0 $33,258
Marco Rubin (Dir, Investm) $176,626 $0 $51,072
Ed Albrigo (Pres & Ceo () $171,978 $0 $0
Alex Euler (Dir, Investm) $141,383 $0 $37,424
Jen O'daniel (Dir, Investm) $137,275 $0 $27,493
Leslie Williams (Dir, Busines) $135,734 $0 $27,275
Kristal Parker (Director, Hr) $130,011 $0 $35,987
Monique Adams (Director) $0 $0 $0
Barbara Boyan (Chair) $0 $0 $0
Richard Hall (Director) $0 $0 $0
Chiedo John (Director) $0 $0 $0
Kurt John (Director) $0 $0 $0
Andrew Ko (Director) $0 $0 $0
Chris Long (Director) $0 $0 $0
Honorable Caren Merrick (Vice Chair) $0 $0 $0
Paula Sorrell (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$76,061,606
Expenses
$21,650,254
Net Income
$54,411,352
Net Assets
$76,325,844
Notable Sources of Revenue Percent of Total Revenue
Contributions $68,366,790
89.9%
Program Services $7,483,792
9.8%
Investment Income $146,381
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $64,643
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,614,556
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,414,980
11.2%
Assets/Debt
Total Assets $80,085,835
Total Liabilities $3,759,991
Net Assets $76,325,844
Compensation
Key Employees and Officers Compensation Related Other
Ed Albrigo (President An) $334,598 $0 $19,454
Tom Weithman (Managing Dir) $248,121 $0 $58,273
Dave Ihrie (Chief Tech O) $221,927 $0 $55,130
Bob Stolle (Sr Vp, And P) $216,081 $0 $45,224
Susan Aitcheson (Cfo) $193,371 $0 $33,666
Nancy Vorona (Vp, Research) $174,872 $0 $40,435
Marco Rubin (Dir, Investm) $165,030 $0 $48,361
Leslie Williams (Dir, Busines) $132,450 $0 $26,407
Alex Euler (Dir, Investm) $130,369 $0 $30,864
Kristal Parker (Director, Hr) $126,877 $0 $34,735
Tracy Tynan (Dir, Unmanne) $126,613 $0 $17,496
Monique Adams (Director) $0 $0 $0
Brian Ball (Vice Chair &) $0 $0 $0
Barbara Boyan (Director) $0 $0 $0
Richard Hall (Director) $0 $0 $0
Chiedo John (Director) $0 $0 $0
Kurt John (Director) $0 $0 $0
Paula Sorrell (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,495,666
Expenses
$16,363,481
Net Income
$12,132,185
Net Assets
$21,834,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,890,091
45.2%
Program Services $15,242,753
53.5%
Investment Income $362,822
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,769,469
10.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,343,742
14.3%
Assets/Debt
Total Assets $23,262,960
Total Liabilities $1,428,870
Net Assets $21,834,090

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,204,083
Expenses
$14,213,168
Net Income
$990,915
Net Assets
$9,701,903
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,066,097
72.8%
Program Services $2,177,214
14.3%
Investment Income $309,459
2.0%
Bond Proceeds $0
Royalties $229
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,651,084
10.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,598,911
11.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,959,130
13.8%
Assets/Debt
Total Assets $10,496,302
Total Liabilities $794,399
Net Assets $9,701,903

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,067,290
Expenses
$13,033,448
Net Income
$2,033,842
Net Assets
$8,710,987
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,656,030
77.4%
Program Services $2,328,957
15.5%
Investment Income $355,601
2.4%
Bond Proceeds $0
Royalties $115
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $726,587
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,537,513
11.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,778,982
13.6%
Assets/Debt
Total Assets $9,517,704
Total Liabilities $806,717
Net Assets $8,710,987

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,624,415
Expenses
$14,296,289
Net Income
$1,328,126
Net Assets
$9,048,318
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,096,093
77.4%
Program Services $3,084,891
19.7%
Investment Income $113,772
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $329,659
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,141,168
15.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,276,943
15.9%
Assets/Debt
Total Assets $9,823,778
Total Liabilities $775,460
Net Assets $9,048,318

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,461,396
Expenses
$14,776,360
Net Income
$2,685,036
Net Assets
$7,179,045
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,226,352
58.6%
Program Services $4,670,398
26.7%
Investment Income $47,728
0.3%
Bond Proceeds $0
Royalties $560
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $98,704
0.6%
Net Inventory Sales $0
Other Revenue $2,417,654
13.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,116,781
14.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,988,520
27.0%
Assets/Debt
Total Assets $8,642,092
Total Liabilities $1,463,047
Net Assets $7,179,045

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,743,002
Expenses
$15,556,536
Net Income
-$2,813,534
Net Assets
$4,494,009
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,747,960
45.1%
Program Services $6,811,885
53.5%
Investment Income $96,129
0.8%
Bond Proceeds $0
Royalties $2,920
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $84,108
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,479,070
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,182,287
26.9%
Assets/Debt
Total Assets $5,721,624
Total Liabilities $1,227,615
Net Assets $4,494,009

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,009,146
Expenses
$16,245,346
Net Income
$763,800
Net Assets
$7,307,543
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,523,907
67.8%
Program Services $4,672,594
27.5%
Investment Income $168,047
1.0%
Bond Proceeds $0
Royalties $12,964
0.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $631,634
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,555,861
9.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,855,972
23.7%
Assets/Debt
Total Assets $8,466,387
Total Liabilities $1,158,844
Net Assets $7,307,543
Compensation
Key Employees and Officers Compensation Related Other
Peter J Jobse (President And Ceo) $369,956 $0 $59,263
Paul Mcgowan (Vp, Consulting Services) $310,421 $0 $53,787
Tom Weithman (Managing Director And Vp) $281,074 $0 $50,517
Linda E Gentry (Chief Financial Officer) $255,804 $0 $42,852
David Ihrie (Chief Technology Officer) $227,836 $0 $47,557
Karen Jackson (Vp, Broadband Programs) $165,408 $0 $27,288
David C Lucien (Chairman) $0 $0 $0
Joseph P Doherty Jr (Vice Chairman) $0 $0 $0
Hooks Johnston (Vice Chairman) $0 $0 $0
Karen Booth Adams (Director) $0 $0 $0
Jim Cheng (Director) $0 $0 $0
Jim Duffey (Director) $0 $0 $0
Laura Fornash (Director) $0 $0 $0
Eric J Hansen (Director) $0 $0 $0
Terry Hsiao (Director) $0 $0 $0
Anne Holton (Director) $0 $0 $0
Wayne Hunter (Director) $0 $0 $0
Karen Jackson (Director) $0 $0 $0
Ray O Johnson (Director) $0 $0 $0
Maurice Jones (Director) $0 $0 $0
Don Rainey (Director) $0 $0 $0
Micheal Rao (Director) $0 $0 $0
Timothy D Sands (Director) $0 $0 $0
Charles W Steger (Director) $0 $0 $0
Teresa Sullivan (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,494,468
Expenses
$12,608,230
Net Income
$886,238
Net Assets
$6,543,743
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,266,199
68.7%
Program Services $3,858,806
28.6%
Investment Income $228,106
1.7%
Bond Proceeds $0
Royalties $62,252
0.5%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $79,105
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,540,429
12.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,757,968
21.9%
Assets/Debt
Total Assets $7,810,162
Total Liabilities $1,266,419
Net Assets $6,543,743

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,164,227
Expenses
$11,558,319
Net Income
$2,605,908
Net Assets
$5,657,505
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,419,323
66.5%
Program Services $4,690,081
33.1%
Investment Income $23,077
0.2%
Bond Proceeds $0
Royalties $31,746
0.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,106,366
9.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,864,097
24.8%
Assets/Debt
Total Assets $6,678,265
Total Liabilities $1,020,760
Net Assets $5,657,505

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,286,769
Expenses
$8,117,492
Net Income
$169,277
Net Assets
$3,051,597
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,597,956
55.5%
Program Services $3,619,445
43.7%
Investment Income $28,904
0.3%
Bond Proceeds $0
Royalties $40,464
0.5%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $260,841
3.2%
Assets/Debt
Total Assets $5,374,148
Total Liabilities $2,322,551
Net Assets $3,051,597

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
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.
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  • 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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