VIRGINIA STATE UNIVERSITY RESEARCH FOUNDATION

EIN: 460666326 501(c)(3) Education

Petersburg, VA

Total Revenue
$2,000
Total Expenses
$146,738
Total Assets
$891,951
Net Assets
$891,951
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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VA
Principal Officer
Dawit Haile
Phone
8045241091
Tax Period
2024-07-01 to 2025-06-30

VIRGINIA STATE UNIVERSITY RESEARCH FOUNDATION, founded in 2012, is a micro nonprofit in the Education sector that reported $2K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $147K exceeded revenue, resulting in a 7237% operating deficit.

Program Service Accomplishments

Program 1
Expenses: $136,660 Revenue: $2,000

The 2024 Program Accomplishments for Virginia State University Research Foundation(VSURF), are as follows. The College of Engineering and Technology has hosted numerous impactful events, highlighted...

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The 2024 Program Accomplishments for Virginia State University Research Foundation(VSURF), are as follows. The College of Engineering and Technology has hosted numerous impactful events, highlighted by student achievements supported by VSURF grants, either during the current or previous tax years. The Virginia State University Lunabotics team recently showcased their capabilities at the 2025 NASA Lunabotics Challenge, held at Kennedy Space Center in Florida from May 20 to May 22, 2025. Notably, VSU was the only Historically Black College or University (HBCU) represented and one of only three teams from Virginia selected for this rigorous competition. The NASA Lunabotics Challenge is a two-semester systems engineering competition aligned with NASA's Artemis Campaign. It encourages students to engage in robotics and space exploration by designing and building robots capable of navigating and performing tasks on a simulated lunar surface. Robots must operate both autonomously and under remote control, simulating real lunar exploration and construction tasks. The VSU team, composed of 15 students from the Computer Engineering, Computer Science, Manufacturing Engineering, and Mechanical Engineering Technology programs, successfully designed and built a versatile robot. Their robot performed exceptionally well, completing all required tasks and finishing strong in the competition. This achievement highlights VSU's growing reputation in advanced engineering disciplines, reinforcing the university's commitment to providing students with exceptional opportunities for excellence in engineering and computer science. Another milestone for the College was hosting the First International Hackathon, which brought together students from Virginia State University (VSU), National Taipei University (NTPU), and the Technical University of Moldova (TUM) from November 4 to November 11, 2024. The event was a resounding success, offering students a unique global learning experience. A total of 85 students participated-19 from NTPU, 30 from TUM, and 35 from VSU. The students formed 15 teams, 12 of which submitted final solutions demonstrating creativity, hard work, and innovation. The competition was judged by seven experts who provided invaluable feedback, enhancing the participants' experience. Three teams emerged as winners, showcasing exceptional collaboration, ingenuity, and talent. The event's impact was evident as students shared their certificates of participation, signed by the deans, on social med In another notable accomplishment, five VSU students won first place in the 8th Annual Advancing Minorities' Interest in Engineering (AMIE) Design Challenge. The competition, held at the 39th Black Engineer of the Year (BEYA) STEM Conference on February 14, 2025, in Baltimore, Maryland, brought together 13 teams of top HBCU engineering students to develop technology-driven solutions for real-world challenges. VSU's team earned first place with their project, *"G-Mo" (Grow-More)*, an innovative system designed to help small-scale farmers maximize crop yields. The system integrates embedded sensors, machine learning, digital twin technology, and AI to analyze soil conditions. Using real-time data on moisture, temperature, and humidity, the system provides actionable insights via a digital twin app, simulating farm conditions and offering recommendations. During their presentation, the team showcased a compelling video of the technology in action and confidently answered questions from the judges, demonstrating their technical expertise and problem-solving skills. This victory marks a historic first for VSU, surpassing their previous best finish of third place in the competition's nine-year history. In recognition of their success, the team and the College of Engineering and Technology received a cash prize to further develop their project, with potential funding for commercialization. The team was also invited to present their work at Prairie View A&M University during the AMIE Annual Conference in September, where they connected with industry leaders, researchers, and potential investors.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,000

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $136,660
Other Expenses $143,738
TOTAL EXPENSES $146,738

Year-over-Year Comparison

2024 2023 Change
Revenue $2,000 $92,000 -1.0%
Expenses $146,738 $22,781 +5.4%
Net Income $-144,738 $69,219 -3.1%
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
99999
Independent Members
99999
Employees
N/A
Volunteers
99999

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
2
$745,072
Total Directors
5
$1,314,744
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Makola M Abdullah Chairman 2
Officer Director
$0 $521,000 $521,000
Kevin Davenport Director 2
Director
$0 $296,520 $296,520
Dawit Haile Treasurer 2
Officer Director
$0 $224,072 $224,072
Brian Sayre Director 2
Director
$0 $142,250 $142,250
Ali Ansari Director 2
Director
$0 $130,902 $130,902
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 $2,000 $146,738 $891,951 $-144,738
2024 $92,000 $22,781 $1,037,523 $69,219
2023 $92,000 $31,037 $967,471 $60,963
2022 $85,500 $15,785 $904,842 $69,715
2021 $197,000 $13,201 $832,178 $183,799
2020 $100,690 $53,364 $648,378 $47,326
2019 $177,000 $74,054 $699,888 $102,946
2018 $409,001 $84,537 $746,941 $324,464
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