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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Tuckman-Chang Vulnerability Assessment

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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 small nonprofit in the Education sector that reported $409K in total revenue in fiscal year 2017. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $324K, a strong 79% operating margin.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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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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