Cause IQ organization profile

Virginia Commonwealth University School of Business Foundation

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Virginia Commonwealth University School of Business Foundation is a organizations supporting a business or community development nonprofit based in Richmond, VA that was founded in 2005. As of 2019 they had $13 million in revenue and $86 million in assets.

The mission of the foundation is to assist, support and foster the activities and mission of the school of business at Virginia commonwealth university. It solicits, manages and distributes assets to benefit programs in the school of business. It also...

Previous legal names or variations of their name include: Vcu School Of Business Foundation.

EIN:
20-2661802
City:
State:
Website:
Founded:
2005
Type:
501(c)(3)
NTEE:
Revenue:
$13,934,838
Assets:
$86,610,540
Employees:
0
Fiscal year end:
June
Revenue trends:
Asset trends:

Program areas at Virginia Commonwealth University School of Business Foundation

The vcu school of business foundation owns nonresidential real estate, which is leased to Virginia commonwealth university for $1 per year. That property is leased to Virginia commonwealth university for $1 per year, under a lease agreement which expires in 2031, for the purpose of housing the main teaching and activity facility for the school of business. The remainder of the rental income is imputed. The foundation has recorded as a liability an amount equal to the estimated present value of the future rental value of the facility over the initial lease term less the $1 annual rent payment. The foundation incurs interest, depreciation, amortization and legal expenses with regards to this activity.

The vcu school of business foundation assists and supports Virginia commonwealth university's school of business by providing educational conferences and noncredit bearing courses for members of the school and community. These types of activities include executive education courses in leadership skills, technical training in business areas such as six sigma, professional exam review courses and industry conferences for real estate, risk & insurance and international business. Any proceeds from conferences and noncredit bearing course registrations that exceed the cost of the programs are used to support programmatic initiatives within the school of business.

The vcu school of business foundation supports programmatic initiatives of the school of business primarily by managing invested funds and administering the distribution of annual gifts, endowment and quasi-endowment funds. These programs include: endowed chairs and professorships, providing merit scholarships to more than 55 students annually, departmental support of faculty development, student development activities, as well as research support and assistantships.

Form 990s for Virginia Commonwealth University School of Business Foundation

Fiscal year endingDate received by IRSFormPDF link
2019-06Jan 3, 2020990View PDF
2018-06Jun 19, 2019990View PDF
2017-06Apr 10, 2018990View PDF
2016-06Feb 24, 2017990View PDF
2015-06Feb 25, 2016990View PDF
...and five more Form 990 PDFs

Financials for Virginia Commonwealth University School of Business Foundation

Field2019
Total grants, contributions, etc.$8,080,059
Program services$3,736,927
Investment income and dividends$1,542,757
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$563,881
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$11,214
Total revenues$13,934,838

Vendors for Virginia Commonwealth University School of Business Foundation

VendorServicesAmount paidDate
Mitchell Wiggins and Company LLPTax accounting2019-05-13

Personnel at Virginia Commonwealth University School of Business Foundation

NameTitleCompensationMost recent data
Shannon DuvallChief Development Officer Development and Alumni Relations, Dean's Office-Jan. 17, 2020
Angela WaiteExecutive Director, Finance and Administration Financial Administration, Dean's Office-Jan. 17, 2020
████ ██████Executive Director, Graduate Recruitment and Alumni Development Graduate Studies-Jan. 17, 2020
███ ██████████Executive Director of Entrepreneurship Programs Instructor Management and Entrepreneurship-Jan. 17, 2020
██████ ██████Executive Director-Jan. 17, 2020
███████ ███Executive Director of Entrepreneurship Programs-Jan. 17, 2020
███████ ██████Director, Financial Wellness-Jan. 17, 2020
█████████ ██████Senior Director of Communications and Marketing Communications and Marketing, Dean's Office-Jan. 17, 2020
██████ ██████Director of Development, Vcee Virginia Council on Economic Education-Jan. 17, 2020
██████ █████████Senior Director of Development Development and Alumni Relations-Jan. 17, 2020
...and 18 more key personnel

Peer organizations supporting a single business or community development organization

 NameTypeRevenueLocation
1Old Dominion University Real Estate Foundation501(c)(3)$4.1 millionNorfolk, VA
2Longwood University Real Estate Foundation501(c)(3)$15 millionFarmville, VA
3Virginia Tech Real Estate Foundation (VTF)501(c)(3)$16 millionBlacksburg, VA
4Virginia Commonwealth University Real Estate Foundation501(c)(3)$9.0 millionRichmond, VA
5Skillsusa Foundation501(c)(3)$5.9 millionLeesburg, VA
6HHP Capital501(c)(3)$3.6 millionPasadena, CA
7South King County Affordable Community Group501(c)(3)$4.6 millionTukwila, WA
8Salesmanship Club Foundation501(c)(3)$9.2 millionDallas, TX
9Ross Ade Foundation501(c)(3)$4.7 millionWest Lafayette, IN
10Kansas City Metropolitan Community Colleges Building Corporation501(c)(3)$5.7 millionKansas City, MO
11City of La Vista Facilities Corporation501(c)(3)$3.5 millionLa Vista, NE
12Damar Foundation501(c)(3)$13 millionIndianapolis, IN
13Bethesda Associates501(c)(3)$4.2 millionColorado Springs, CO
14The Fund for Kipp St Louis501(c)(3)$5.8 millionSt Louis, MO
15Ugm Landowner501(c)(3)$23 millionSeattle, WA
16MIT International501(c)(3)$24 millionCambridge, MA
17Greater Charlotte Cultural Trust501(c)(3)$9.4 millionCharlotte, NC
18Columbus State Community College Development Foundation501(c)(3)$5.5 millionColumbus, OH
19Golden Valley Bank Community Foundation501(c)(3)$5.4 millionChico, CA
20First Concord Corporation501(c)(3)$4.4 millionConcord, NC
21Sheppard Pratt Investment501(c)(3)$5.8 millionBaltimore, MD
22Investsc501(c)(3)$6.6 millionColumbia, SC
23EAA Aviation Foundation501(c)(3)$4.4 millionOshkosh, WI
24Swope Community Enterprises (SCB)501(c)(3)$5.2 millionKansas City, MO
25Christian Community Development Corporation501(c)(3)$4.3 millionMemphis, TN