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THE FOUNDATION SUPPORTS AND PROMOTES THE ACTIVITIES AND MISSION OF THE SCHOOL OF BUSINESS AT VIRGINIA COMMONWEALTH UNIVERSITY. IT SOLICITS, MANAGES AND DISTRIBUTES ASSETS FOR PROGRAMS WITHIN THE SCHOOL OF BUSINESS. THROUGH THOSE ACTIVITIES, IT PROVIDES RESOURCES TO EDUCATE STUDENTS, ACHIEVE TEACHING EXCELLENCE, AND PROMOTE SCHOLARLY RESEARCH.
Source: IRS Form 990 (Tax Year 2023)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2022
Total Revenue
▼$5.7M
Program Spending
93%
of total expenses go to program services
Total Contributions
$2.2M
Total Expenses
▼$6.7M
Total Assets
$85.7M
Total Liabilities
▼$29M
Net Assets
$56.7M
Officer Compensation
→$112.8K
Other Salaries
N/A
Investment Income
$246.3K
Fundraising
▼N/A
Tax Year 2022 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $3.5M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
VIRGINIA COMMONWEALTH UNIVERSITY54-6001758 | RICHMOND, VA | $3.5M | Cash | ASSISTANCE IS PROVIDED IN ORDER TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY. |
| Total | $3.5M | |||
RICHMOND, VA
$3.5M
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2022 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $5.7M | $2.2M | $6.7M | $85.7M | $56.7M |
| 2022IRS e-File | $5.7M | $2.2M | $6.7M | $85.7M | $56.7M |
| 2021 | $4.3M | $1.3M | $5.2M | $95.5M | $60.9M |
| 2020 | $9.8M | $1.5M | $7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2022)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2022)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Laura Kottkamp | Executive Director | 10 | $0 | $70.8K | $28.4K | $99.2K |
| Charles F Phillips Iii | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Robert E Henley | Chairman | 1 | $0 | $0 | $0 | $0 |
| Mark Lareau | Vice Chairman | 1 | $0 | $0 | $0 | $0 |
Laura Kottkamp
Executive Director
$99.2K
Hrs/Wk
10
Compensation
$0
Related Orgs
$70.8K
Other
$28.4K
Charles F Phillips Iii
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Robert E Henley
Chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mark Lareau
Vice Chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| A William Hamill | Trustee | 1 | $0 | $0 | $0 | $0 |
| Alan Stewart | Trustee | 1 | $0 | $0 | $0 | $0 |
| David Monday | Trustee | 1 | $0 | $0 | $0 | $0 |
| Eric D Cevis | Trustee | 1 | $0 | $0 | $0 | $0 |
| Glenn Harris | Trustee | 1 | $0 | $0 | $0 | $0 |
| Jeffrey K Gronning | Trustee | 1 |
A William Hamill
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Alan Stewart
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
David Monday
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $84.9M |
| $46.4M |
| 2019 | $13.9M | $8.1M | $6.5M | $86.6M | $46.2M |
| 2018 | $11.6M | $4.4M | $7M | $81M | $37.9M |
| 2017 | $6.3M | $1.6M | $6.5M | $78.9M | $32.7M |
| 2016 | $5.4M | $1.7M | $6.1M | $78.3M | $28.6M |
| 2015 | $6.4M | $1.3M | $6.3M | $82.6M | $31.6M |
| 2014 | $12.1M | $2.3M | $7.3M | $84.8M | $31.3M |
| 2013 | $11.4M | $2.6M | $6.4M | $83.1M | $28M |
| 2012 | $3.4M | $975.4K | $4.6M | $76.8M | $18.7M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| John D O'Neill Jr | Trustee | 1 | $0 | $0 | $0 | $0 |
| John N Pullen | Trustee | 1 | $0 | $0 | $0 | $0 |
| Juanita B Leatherberry | Trustee | 1 | $0 | $0 | $0 | $0 |
| Judy Gavant | Trustee | 1 | $0 | $0 | $0 | $0 |
| L Dans Callans Jr | Trustee | 1 | $0 | $0 | $0 | $0 |
| Linda Hines | Trustee | 1 | $0 | $0 | $0 | $0 |
| Linda M Warren | Trustee | 1 | $0 | $0 | $0 | $0 |
| Lisa Ruggles | Trustee | 1 | $0 | $0 | $0 | $0 |
| Mark J Newfield | Trustee | 1 | $0 | $0 | $0 | $0 |
| Mark M Gambill | Trustee | 1 | $0 | $0 | $0 | $0 |
| Melina Davis | Trustee | 1 | $0 | $0 | $0 | $0 |
| Michael Rao | Ex-officio | 1 | $0 | $0 | $0 | $0 |
| Michelle H Gluck | Trustee | 1 | $0 | $0 | $0 | $0 |
| Naomi Boyd | Ex-officio | 1 | $0 | $0 | $0 | $0 |
| Paul W Croston | Trustee | 1 | $0 | $0 | $0 | $0 |
| Peyton Cox | Trustee | 1 | $0 | $0 | $0 | $0 |
| Richard Reinecke | Trustee | 1 | $0 | $0 | $0 | $0 |
| Robert C Sledd | Trustee | 1 | $0 | $0 | $0 | $0 |
| Steven A Markel | Trustee | 1 | $0 | $0 | $0 | $0 |
| Thomas G Snead Jr | Trustee | 1 | $0 | $0 | $0 | $0 |
| Ting Xu | Trustee | 1 | $0 | $0 | $0 | $0 |
| William M Ginther | Trustee | 1 | $0 | $0 | $0 | $0 |
Eric D Cevis
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Glenn Harris
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jeffrey K Gronning
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John D O'Neill Jr
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John N Pullen
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Juanita B Leatherberry
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Judy Gavant
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
L Dans Callans Jr
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Linda Hines
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Linda M Warren
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lisa Ruggles
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mark J Newfield
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mark M Gambill
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Melina Davis
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Rao
Ex-officio
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michelle H Gluck
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Naomi Boyd
Ex-officio
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Paul W Croston
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Peyton Cox
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Richard Reinecke
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Robert C Sledd
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Steven A Markel
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Thomas G Snead Jr
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ting Xu
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
William M Ginther
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0