THE HOKIE WAY INC

EIN: 883042559 501(c)(3) Philanthropy & Grantmaking

SALEM, VA

Total Revenue
$3,379,292
Total Expenses
$3,374,569
Total Assets
$680,752
Net Assets
$455,752
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
VA
Principal Officer
JAMES E PEARMAN JR
Phone
5404442930
Tax Period
2023-01-01 to 2023-12-31

THE HOKIE WAY INC, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $627K in total revenue in fiscal year 2022. The organization ran a surplus of $451K, a strong 72% operating margin.

Mission

The Hokie Way supports the active engagement of student-athletes in leveraging their Name, Image and Likeness to amplify the mission of charitable organizations as a way to give back to the community and encourage a new generation of of Virginia Tech athletes.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,378,717
Program Service Revenue $0
Investment Income $575
Other Revenue $0
TOTAL REVENUE $3,379,292

Expense Breakdown

Grants Paid $1,053
Salaries & Benefits $0
Fundraising Expenses $12,026
Program Expenses $3,334,677
Other Expenses $3,373,516
TOTAL EXPENSES $3,374,569

Year-over-Year Comparison

2023 2022 Change
Revenue $3,379,292 $627,321 +4.4%
Expenses $3,374,569 $176,292 +18.1%
Net Income $4,723 $451,029 -1.0%
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
8
Independent Members
8
Employees
N/A
Volunteers
15

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James G Petrine President 5.00
Officer Director
$0 $0 $0
James Cowan Secretary 5.00
Officer Director
$0 $0 $0
James E Pearman Jr Treasurer 5.00
Officer Director
$0 $0 $0
Nicholas Rush Director 1.00
Director
$0 $0 $0
Justin Robinson Director 1.00
Director
$0 $0 $0
Tyrod Taylor Director 1.00
Director
$0 $0 $0
Jay Poole Director 1.00
Director
$0 $0 $0
Whitney Showalter Director 1.00
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $3,379,292 $3,374,569 $680,752 $4,723
2022 $627,321 $176,292 $451,029 $451,029
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