VIRGINIA COMMONWEALTH UNIVERSITY COLLEGE OF ENGINEERING FOUNDATION

EIN: 541808901 501(c)(3) Education

RICHMOND, VA

Total Revenue
$9,529,566
Total Expenses
$8,509,520
Total Assets
$110,568,917
Net Assets
$53,395,040
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Principal Officer
LAURA KOTTKAMP
Phone
8048281475
Tax Period
2024-07-01 to 2025-06-30

VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF ENGINEERING FOUNDATION, founded in 1995, is a mid-sized nonprofit in the Education sector that reported $31.4M in total revenue in fiscal year 2017. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23.3M, a strong 74% operating margin.

Mission

TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VCU SCHOOL OF ENGINEERING.

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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 $5,020,047
Program Service Revenue $3,964,770
Investment Income $486,586
Other Revenue $58,163
TOTAL REVENUE $9,529,566

Expense Breakdown

Grants Paid $4,452,925
Salaries & Benefits $161,509
Fundraising Expenses $58,786
Program Expenses $7,896,351
Other Expenses $3,895,086
TOTAL EXPENSES $8,509,520

Year-over-Year Comparison

2024 2023 Change
Revenue $9,529,566 $4,875,602 +1.0%
Expenses $8,509,520 $11,884,633 -0.3%
Net Income $1,020,046 $-7,009,031 -1.1%
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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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
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
3
$154,037
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS KONSTANTINOS TRUSTEE 1.00
Director
$0 $0 $0
BRIAN BISCHOFF TRUSTEE 1.00
Director
$0 $0 $0
ADVAIT APTE TRUSTEE 1.00
Director
$0 $0 $0
JAMES HOLLOWAY TRUSTEE 1.00
Director
$0 $0 $0
CHUNG-CHEE TAI TRUSTEE 1.00
Director
$0 $0 $0
DAVID BOARDMAN TRUSTEE 1.00
Director
$0 $0 $0
MONIQUE JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
BRAD WELLES TRUSTEE 1.00
Director
$0 $0 $0
DR MICHAEL RAO EX OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
EMILY STOCK TRUSTEE 1.00
Director
$0 $0 $0
BRIAN HAUG TRUSTEE 1.00
Director
$0 $0 $0
JASON BUTLER TRUSTEE 1.00
Director
$0 $0 $0
JULIA CAIN TRUSTEE 1.00
Director
$0 $0 $0
RICHARD JUPE TRUSTEE 1.00
Director
$0 $0 $0
OSCAR MARTIN TRUSTEE 1.00
Director
$0 $0 $0
P TEMPLE BALLARD PRESIDENT 1.00
Officer Director
$0 $0 $0
RANDY REYNOLDS EX OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
SHARI LITOW TRUSTEE 1.00
Director
$0 $0 $0
CORRELL MOORE TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM H GOODWIN JR CHAIRMAN EMERITUS 1.00
Officer Director
$0 $0 $0
RHONDA WILLIAMS TRUSTEE 1.00
Director
$0 $0 $0
THE HONORABLE BEN DENDY TRUSTEE 1.00
Director
$0 $0 $0
LAURA KOTTKAMP CEO 1.00
Officer
$110,757 $43,280 $154,037
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 $9,529,566 $8,509,520 $110,568,917 $1,020,046
2024 $4,875,602 $11,884,633 $104,684,367 $-7,009,031
2023 $5,470,963 $12,064,236 $107,390,311 $-6,593,273
2022 $9,871,542 $12,954,699 $112,599,166 $-3,083,157
2021 $12,076,889 $31,812,847 $131,974,636 $-19,735,958
2020 $7,073,587 $9,244,155 $113,000,715 $-2,170,568
2018 $31,436,214 $8,165,488 $124,293,504 $23,270,726
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