Virginia Commonwealth University Intellectual Property Foundation

Richmond, VA
Tax-exempt since Dec. 1997
EIN: 54-1854399

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(3) 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: Medical Research N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$2.81M (2023)

Expenses

$2.99M (2023)

Total Assets

$4.76M (2023)

Total Liabilities

$774k (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

Revenue

$2,808,546

Expenses

$2,987,908

Net Income

-$179,362

Net Assets

$3,984,675

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$419,833	14.9%
Program Services	$2,367,575	84.3%
Investment Income	$9,847	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,191	0.2%
Net Inventory Sales	$0
Other Revenue	$6,100	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$48,577	1.6%

Assets/Debt
Total Assets	$4,758,542
Total Liabilities	$773,867
Net Assets	$3,984,675

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Ivelina S Metcheva (President)	$0	$186,956	$29,861
Mr Gary Leclair (Director)	$0	$0	$0
Mr Spencer Williamson (Director)	$0	$0	$0
P Srirama Rao (Ex Officio)	$0	$0	$0
Dr Dales Jones (Director)	$0	$0	$0
Dr Reinhold Brand (Director)	$0	$0	$0
Nancy Eberhardt (Secretary)	$0	$0	$0

+ View more people

990

Filed on April 26, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2022

Revenue

$3,452,341

Expenses

$3,503,592

Net Income

-$51,251

Net Assets

$3,930,678

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$368,668	10.7%
Program Services	$3,038,457	88.0%
Investment Income	$13,166	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$21,267	0.6%
Net Inventory Sales	$0
Other Revenue	$10,783	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$38,190	1.1%

Assets/Debt
Total Assets	$4,582,975
Total Liabilities	$652,297
Net Assets	$3,930,678

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Ivelina S Metcheva (President)	$0	$169,901	$28,649
Mr Gary Leclair (Director)	$0	$0	$0
Mr Spencer Williamson (Director)	$0	$0	$0
P Srirama Rao (Ex Officio)	$0	$0	$0
Dr Gopinath Jadhav (Director)	$0	$0	$0
Dr Reinhold Brand (Director)	$0	$0	$0
Nancy Eberhardt (Secretary)	$0	$0	$0

+ View more people

990

Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$2,855,474

Expenses

$2,935,342

Net Income

-$79,868

Net Assets

$4,263,734

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$140,704	4.9%
Program Services	$2,687,810	94.1%
Investment Income	$15,344	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$42,331	1.5%
Net Inventory Sales	$0
Other Revenue	-$30,715

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$52,742	1.8%

Assets/Debt
Total Assets	$4,910,012
Total Liabilities	$646,278
Net Assets	$4,263,734

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Ivelina S Metcheva (President)	$0	$165,127	$27,482
Mr Gary Leclair (Director)	$0	$0	$0
Mr Spencer Williamson (Director)	$0	$0	$0
P Srirama Rao (Ex Officio)	$0	$0	$0
Dr Gopinath Jadhav (Director)	$0	$0	$0
L Frankin Bost (Secretary)	$0	$0	$0
Dr Reinhold Brand (Director)	$0	$0	$0
Nancy Eberhardt (Director)	$0	$0	$0

+ View more people

990

Filed on Oct. 21, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$2,442,400

Expenses

$2,678,377

Net Income

-$235,977

Net Assets

$3,394,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$144,704	5.9%
Program Services	$2,158,108	88.4%
Investment Income	$54,629	2.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$28,486	1.2%
Net Inventory Sales	$0
Other Revenue	$56,473	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$81,123	3.0%

Assets/Debt
Total Assets	$4,538,318
Total Liabilities	$1,143,580
Net Assets	$3,394,738

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Ivelina S Metcheva (President)	$0	$162,633	$27,710
Mr Gary Leclair (Director)	$0	$0	$0
Mr Spencer Williamson (Director)	$0	$0	$0
P Srirama Rao (Ex Officio)	$0	$0	$0
Dr Gopinath Jadhav (Director)	$0	$0	$0
L Frankin Bost (Secretary)	$0	$0	$0
Dr Reinhold Brand (Director)	$0	$0	$0
Nancy Eberhardt (Director)	$0	$0	$0

+ View more people

990

Filed on Nov. 4, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2019

Revenue

$2,548,417

Expenses

$2,893,770

Net Income

-$345,353

Net Assets

$3,578,105

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$131,410	5.2%
Program Services	$2,227,842	87.4%
Investment Income	$116,174	4.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$63,981	2.5%
Net Inventory Sales	$0
Other Revenue	$9,010	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$31,571	1.1%

Assets/Debt
Total Assets	$4,240,527
Total Liabilities	$662,422
Net Assets	$3,578,105

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Ivelina S Metcheva (President)	$0	$172,630	$25,299
Mr Gary Leclair (Director)	$0	$0	$0
Mr Spencer Williamson (Director)	$0	$0	$0
P Srirama Rao (Ex Officio)	$0	$0	$0
Drgopinath Jadhav (Director)	$0	$0	$0
L Frankin Bost (Secretary)	$0	$0	$0
Dr Reinhold Brand (Director)	$0	$0	$0
Nancy Eberhardt (Director)	$0	$0	$0

+ View more people

990

Filed on Nov. 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2018

Revenue

$2,617,743

Expenses

$2,383,319

Net Income

$234,424

Net Assets

$3,857,473

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$455,393	17.4%
Program Services	$2,049,506	78.3%
Investment Income	$51,002	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$10,292	0.4%
Net Inventory Sales	$0
Other Revenue	$51,550	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$18,809	0.8%

Assets/Debt
Total Assets	$4,268,007
Total Liabilities	$410,534
Net Assets	$3,857,473

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Ivelina S Metcheva (President)	$0	$158,676	$24,320
Mr Gary Leclair (Director)	$0	$0	$0
Dr Francis L Marcrina (Ex Officio)	$0	$0	$0
Dr Shantaram Talegaonkar Md (Director)	$0	$0	$0
Mr L Franklin Bost (Secretary)	$0	$0	$0
Mr Spencer Williamson (Director)	$0	$0	$0
Dr Jerome F Strauss Iii Md Phd (Director)	$0	$0	$0

+ View more people

990

Filed on Nov. 13, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2017

Revenue

$6,657,713

Expenses

$4,328,267

Net Income

$2,329,446

Net Assets

$5,038,243

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,164,280	17.5%
Program Services	$5,484,206	82.4%
Investment Income	$17,989	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$26,773	0.4%
Net Inventory Sales	$0
Other Revenue	-$35,535

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$44,376	1.0%

Assets/Debt
Total Assets	$7,015,894
Total Liabilities	$1,977,651
Net Assets	$5,038,243

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Ivelina S Metcheva (President)	$0	$131,885	$21,060
Dr Jerome F Strauss Iii (Secretary)	$0	$0	$0
Mr Gary Leclair (Director)	$0	$0	$0
Dr Francis L Marcrina (Ex Officio)	$0	$0	$0
Mr Shantaram Talegaonkar (Director)	$0	$0	$0
Mr L Franklin Bost (Director)	$0	$0	$0
Mr Spencer Williamson (Director)	$0	$0	$0

+ View more people

990

Filed on Nov. 10, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2016

Revenue

$2,283,813

Expenses

$2,047,748

Net Income

$236,065

Net Assets

$2,646,559

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$432,665	18.9%
Program Services	$1,809,375	79.2%
Investment Income	$39,016	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$7,345
Net Inventory Sales	$0
Other Revenue	$10,102	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$57,458	2.8%

Assets/Debt
Total Assets	$3,086,106
Total Liabilities	$439,547
Net Assets	$2,646,559

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Ivelina S Metcheva (President)	$0	$132,621	$21,841
Mr Michael Grisham (Secretary)	$0	$0	$0
Dr Jerome F Strauss Iii (Director)	$0	$0	$0
Dr Francis L Marcrina (Ex Officio)	$0	$0	$0
Mr Michael D Fraizer (Director)	$0	$0	$0
Mr L Franklin Bost (Director)	$0	$0	$0
Mr Spencer Williamson (Director)	$0	$0	$0

+ View more people

990

Filed on Oct. 13, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2015

Revenue

$2,443,659

Expenses

$1,914,397

Net Income

$529,262

Net Assets

$2,444,876

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$509,075	20.8%
Program Services	$1,712,978	70.1%
Investment Income	$24,246	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$210,624	8.6%
Net Inventory Sales	$0
Other Revenue	-$13,264

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,725,376
Total Liabilities	$280,500
Net Assets	$2,444,876

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Ivelina S Metcheva (President/Treasurer)	$0	$128,613	$22,022
Mr Michael Grisham (Secretary)	$0	$0	$0
Dr Jerome F Strauss Iii (Director)	$0	$0	$0
Dr Francis L Marcrina (Ex Officio)	$0	$0	$0
Mr Michael D Fraizer (Director)	$0	$0	$0
Mr L Franklin Bost (Director)	$0	$0	$0
Mr Spencer Williamson (Director)	$0	$0	$0

+ View more people

990

Filed on Nov. 12, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2014

Revenue

$1,831,832

Expenses

$1,574,195

Net Income

$257,637

Net Assets

$1,906,414

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$461,580	25.2%
Program Services	$1,153,250	63.0%
Investment Income	$24,896	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$212,810	11.6%
Net Inventory Sales	$0
Other Revenue	-$20,704

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,202,831
Total Liabilities	$296,417
Net Assets	$1,906,414

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Michael Grisham (Secretary)	$0	$0	$0
Dr Jerome F Strauss Iii (Director)	$0	$0	$0
Dr Francis L Marcrina (Ex Officio)	$0	$0	$0
Mr Michael D Fraizer (Director)	$0	$0	$0
Mr L Franklin Bost (Director)	$0	$0	$0
Mr Spencer Williamson (Director)	$0	$0	$0
Dr Ivelina S Metcheva (President/Treasurer)	$0	$129,099	$24,607

+ View more people

990

Filed on Dec. 17, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2013

Revenue

$1,253,958

Expenses

$1,272,786

Net Income

-$18,828

Net Assets

$1,838,519

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$319,506	25.5%
Program Services	$721,995	57.6%
Investment Income	$20,449	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$13,134	1.0%
Net Inventory Sales	$0
Other Revenue	$178,874	14.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,039,596
Total Liabilities	$201,077
Net Assets	$1,838,519

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$1,738,453

Expenses

$1,562,044

Net Income

$176,409

Net Assets

$1,733,983

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$391,160	22.5%
Program Services	$1,259,295	72.4%
Investment Income	$20,152	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,728	0.2%
Net Inventory Sales	$0
Other Revenue	$64,118	3.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,037,939
Total Liabilities	$303,956
Net Assets	$1,733,983

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$1,193,322

Expenses

$1,071,915

Net Income

$121,407

Net Assets

$1,648,450

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$330,947	27.7%
Program Services	$783,249	65.6%
Investment Income	$10,609	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$20,576	1.7%
Net Inventory Sales	$0
Other Revenue	$47,941	4.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,935,373
Total Liabilities	$286,923
Net Assets	$1,648,450

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated March 11, 2025

Virginia Commonwealth University Intellectual Property Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.81M (2023)

Expenses $2.99M (2023)

Total Assets $4.76M (2023)

Total Liabilities $774k (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2012

Revenue

$2.81M (2023)

Expenses

$2.99M (2023)

Total Assets

$4.76M (2023)

Total Liabilities

$774k (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002