Virginia Commonwealth University School Of Business Foundation
VCU School of Business Foundation maintains substantial assets despite fluctuating revenues and recent operational deficits.
EIN: 202661802 · Richmond, VA · NTEE: B024 · Updated: 2026-03-28
Is Virginia Commonwealth University School Of Business Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Virginia Commonwealth University School Of Business Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Virginia Commonwealth University School Of Business Foundation
Virginia Commonwealth University School Of Business Foundation (EIN: 202661802) is a nonprofit organization based in Richmond, VA, classified under NTEE code B024. The organization reported total revenue of $14.7M and total assets of $92.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Commonwealth University School Of Business Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Virginia Commonwealth University School Of Business Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Virginia Commonwealth University School Of Business Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other university structures, which is a strong positive for donor perception and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Virginia Commonwealth University School Of Business Foundation's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $976,995 deficit in 2023)
- Significant fluctuations in annual revenue, indicating potential funding instability
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Virginia Commonwealth University School Of Business Foundation:
- Substantial and growing asset base ($92,167,761 latest assets)
- 0% reported officer compensation, indicating efficient use of funds for leadership
- Long history of IRS 990 filings (12 filings), suggesting transparency in reporting
Frequently Asked Questions about Virginia Commonwealth University School Of Business Foundation
Is Virginia Commonwealth University School Of Business Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Commonwealth University School Of Business Foundation (EIN: 202661802) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Virginia Commonwealth University School Of Business Foundation spend its money?
Virginia Commonwealth University School Of Business Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Virginia Commonwealth University School Of Business Foundation tax-deductible?
Virginia Commonwealth University School Of Business Foundation is registered as a tax-exempt nonprofit (EIN: 202661802). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the VCU School Of Business Foundation financially stable?
Yes, the foundation appears financially stable with substantial assets of $92,167,761, despite recent operational deficits where expenses exceeded revenue (e.g., $6.7M expenses vs. $5.7M revenue in 2023).
How does the foundation manage its executive compensation?
The foundation reports 0% officer compensation in all available filings, suggesting that executive leadership is either volunteer-based or compensated through other university channels, not directly by the foundation's operational budget.
What is the trend in the foundation's revenue?
Revenue has been highly variable, ranging from $4.3 million in 2021 to $14.6 million in the latest period, indicating a reliance on fluctuating funding sources.
Are the foundation's expenses growing?
Expenses have generally increased over the past few years, from $5.2 million in 2021 to $6.7 million in 2023, outpacing revenue in the most recent periods.
Filing History
IRS 990 filing history for Virginia Commonwealth University School Of Business Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Virginia Commonwealth University School Of Business Foundation's revenue has grown by 70.3%, moving from $3.4M to $5.7M. Total assets increased by 11.6% over the same period, from $76.8M to $85.7M. Total functional expenses rose by 47.1%, from $4.6M to $6.7M. In its most recent filing year (2023), Virginia Commonwealth University School Of Business Foundation reported a deficit of $977K, with expenses exceeding revenue. The organization holds $29.0M in liabilities against $85.7M in assets (debt-to-asset ratio: 33.8%), resulting in net assets of $56.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $6.7M | $85.7M | $29.0M | — | — |
| 2022 | $4.7M | $5.1M | $83.8M | $31.9M | — | View 990 |
| 2021 | $4.3M | $5.2M | $95.5M | $34.6M | — | View 990 |
| 2020 | $9.8M | $7.0M | $84.9M | $38.4M | — | View 990 |
| 2019 | $13.9M | $6.5M | $86.6M | $40.4M | — | View 990 |
| 2018 | $11.6M | $7.0M | $81.0M | $43.1M | — | View 990 |
| 2017 | $6.3M | $6.5M | $78.9M | $46.3M | — | View 990 |
| 2016 | $5.4M | $6.1M | $78.3M | $49.7M | — | View 990 |
| 2015 | $6.4M | $6.3M | $82.6M | $51.0M | — | View 990 |
| 2014 | $12.1M | $7.3M | $84.8M | $53.5M | — | View 990 |
| 2013 | $11.4M | $6.4M | $83.1M | $55.1M | — | View 990 |
| 2012 | $3.4M | $4.6M | $76.8M | $58.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $6.7M, and assets of $85.7M (revenue +21.0% year-over-year).
- 2022: Revenue of $4.7M, expenses of $5.1M, and assets of $83.8M (revenue +9.2% year-over-year).
- 2021: Revenue of $4.3M, expenses of $5.2M, and assets of $95.5M (revenue -55.9% year-over-year).
- 2020: Revenue of $9.8M, expenses of $7.0M, and assets of $84.9M (revenue -29.4% year-over-year).
- 2019: Revenue of $13.9M, expenses of $6.5M, and assets of $86.6M (revenue +19.9% year-over-year).
- 2018: Revenue of $11.6M, expenses of $7.0M, and assets of $81.0M (revenue +83.9% year-over-year).
- 2017: Revenue of $6.3M, expenses of $6.5M, and assets of $78.9M (revenue +18.0% year-over-year).
- 2016: Revenue of $5.4M, expenses of $6.1M, and assets of $78.3M (revenue -16.4% year-over-year).
- 2015: Revenue of $6.4M, expenses of $6.3M, and assets of $82.6M (revenue -47.1% year-over-year).
- 2014: Revenue of $12.1M, expenses of $7.3M, and assets of $84.8M (revenue +6.0% year-over-year).
- 2013: Revenue of $11.4M, expenses of $6.4M, and assets of $83.1M (revenue +239.0% year-over-year).
- 2012: Revenue of $3.4M, expenses of $4.6M, and assets of $76.8M.
Data Sources and Methodology
This transparency report for Virginia Commonwealth University School Of Business Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.