VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION

EIN: 202661802 501(c)(3) Education

RICHMOND, VA

Total Revenue
$5,640,575
Total Expenses
$6,076,337
Total Assets
$97,249,353
Net Assets
$74,648,998
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
VA
Principal Officer
LAURA KOTTKAMP
Phone
8048281487
Tax Period
2024-07-01 to 2025-06-30

VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $11.6M in total revenue in fiscal year 2017. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 40% operating margin.

Mission

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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,224,055
Program Service Revenue $2,913,697
Investment Income $481,735
Other Revenue $21,088
TOTAL REVENUE $5,640,575

Expense Breakdown

Grants Paid $2,798,150
Salaries & Benefits $202,911
Fundraising Expenses $29,772
Program Expenses $5,526,879
Other Expenses $3,075,276
TOTAL EXPENSES $6,076,337

Year-over-Year Comparison

2024 2023 Change
Revenue $5,640,575 $7,007,769 -0.2%
Expenses $6,076,337 $6,418,529 -0.1%
Net Income $-435,762 $589,240 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$195,439
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL W CROSTON TRUSTEE 1.00
Director
$0 $0 $0
JUDY C GAVANT TRUSTEE 1.00
Director
$0 $0 $0
MICHELLE H GLUCK TREASURER 1.00
Officer Director
$0 $0 $0
ANKIT MATHUR TRUSTEE 1.00
Director
$0 $0 $0
ROBERT GREENE TRUSTEE 1.00
Director
$0 $0 $0
SEAN PURPLE TRUSTEE 1.00
Director
$0 $0 $0
D GLENN HARRIS TRUSTEE 1.00
Director
$0 $0 $0
FRANCHON RANDALL TRUSTEE 1.00
Director
$0 $0 $0
LINDA T HINES TRUSTEE 1.00
Director
$0 $0 $0
LARRY HOLMON TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH WINKLE TRUSTEE 1.00
Director
$0 $0 $0
STEVEN A MARKEL TRUSTEE 1.00
Director
$0 $0 $0
DAVID L MONDAY TRUSTEE 1.00
Director
$0 $0 $0
JOHN D O'NEILL JR TRUSTEE 1.00
Director
$0 $0 $0
TODD HAYMOREE EX-OFFICIO 1.00
Director
$0 $0 $0
RICHARD T REINECKE TRUSTEE 1.00
Director
$0 $0 $0
ROBERT C SLEDD TRUSTEE 1.00
Director
$0 $0 $0
THOMAS G SNEAD JR TRUSTEE 1.00
Director
$0 $0 $0
ALAN R STEWART TRUSTEE 1.00
Director
$0 $0 $0
JOHN ZEHEB TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL RAO EX-OFFICIO 1.00
Director
$0 $0 $0
BRIAN P BROWN EX-OFFICIO 1.00
Director
$0 $0 $0
MARK E LAREAU CHAIRMAN 1.00
Officer
$0 $0 $0
MELINA DAVIS VICE CHAIRMAN 1.00
Officer
$0 $0 $0
LAURA E KOTTKAMP SECRETARY 10.00
Officer
$140,650 $54,789 $195,439
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,640,575 $6,076,337 $97,249,353 $-435,762
2024 No data No data No data No data
2023 $5,736,553 $6,713,548 $85,693,465 $-976,995
2022 $4,740,746 $5,119,965 $83,833,161 $-379,219
2021 $4,341,602 $5,212,516 $95,530,224 $-870,914
2020 $9,838,833 $7,022,347 $84,853,521 $2,816,486
2019 $13,934,838 $6,472,487 $86,610,540 $7,462,351
2018 $11,622,167 $6,988,208 $80,972,584 $4,633,959
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