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
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Virginia Commonwealth University School Of Business Foundation is mapped to EIN 202661802.
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| Metric | Value |
|---|---|
| Total Revenue | $14.7M |
| Total Expenses | $6.7M |
| Program Spending | 70% |
| Net Assets | $56.7M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Virginia Commonwealth University School Of Business Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Virginia Commonwealth University School Of Business Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Virginia Commonwealth University School Of Business Foundation in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $5.7M and expenses of $6.7M.
Revenue and Expenses
Virginia Commonwealth University School Of Business Foundation reported $5.7M in revenue and $6.7M in expenses, a deficit of $977K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $4.7M (70%) |
Across stored filings, Virginia Commonwealth University School Of Business Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 12 stored filing years |
| Peer context | Compare with Association Of Small Business Development Centers | Virginia and Education context |
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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.
Organization Overview
Virginia Commonwealth University School Of Business Foundation is a large nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $6.7M |
| Surplus / Deficit | $-976,995 |
| Total Assets | $85.7M |
| Total Liabilities | $29.0M |
| Net Assets | $56.7M |
| Operating Margin | -17.0% |
| Debt-to-Asset Ratio | 33.8% |
| Months of Reserves | 153.2 months |
Financial Health Grade: B
In 2023, Virginia Commonwealth University School Of Business Foundation reported a deficit of $977K with expenses exceeding revenue, holds 153.2 months of operating reserves (strong position), has a debt-to-asset ratio of 33.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Virginia Commonwealth University School Of Business Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.0% | +31.1% | +2.2% |
| 2022 | +9.2% | -1.8% | -12.2% |
| 2021 | -55.9% | -25.8% | +12.6% |
| 2020 | -29.4% | +8.5% | -2.0% |
| 2019 | +19.9% | -7.4% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $977K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.8%.
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?
Virginia Commonwealth University School Of Business Foundation (EIN: 202661802) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $14.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
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. Fundraising costs 10%. This meets the 65% industry benchmark.
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.
What percentage of Virginia Commonwealth University School Of Business Foundation's spending goes to programs?
Virginia Commonwealth University School Of Business Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Virginia Commonwealth University School Of Business Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Virginia Commonwealth University School Of Business Foundation is above average for NTEE category B024 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Virginia Commonwealth University School Of Business Foundation located?
Virginia Commonwealth University School Of Business Foundation is headquartered in Richmond, Virginia and files with the IRS under EIN 202661802. It is classified under NTEE code B024.
How many years of IRS 990 filings does Virginia Commonwealth University School Of Business Foundation have?
Virginia Commonwealth University School Of Business Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14.7M in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Commonwealth University School Of Business Foundation:
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.