MEDICAL COLLEGE OF VIRGINIA FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- MEDICAL COLLEGE OF VIRGINIA FOUNDATION (EIN 54-6053660)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-14
- IRS object ID
- 201430459349302043
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-14T15:36:21-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541631262 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEITERSTEPHENSHURSTGARY & SHREAVESPC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 32066 | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 232942066 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546053660 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEDICAL COLLEGE OF VA FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MEDI | NameControl |
| Phone | 8048289734 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 980234 | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 232980234 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JENNINGS D DAWSON III | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 8048289734 | Phone |
| Date Signed | 2014-02-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN E KENT | Name |
| PTIN | P01076641 | PTIN |
| Phone | 8047470000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JENNINGS D DAWSON III | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 980234 | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 232980234 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 275694113 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MCVFOUNDATION.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1949 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF THE MEDICAL COLLEGE OF VIRGINIA FOUNDATION IS TO INSPIRE AND STEWARD PHILANTHROPY THROUGHOUT THE MCV CAMPUS OF VIRGINIA COMMONWEALTH UNIVERSITY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 48 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 48 | NbrIndependentVotingMembers |
| Total Nbr Employees | 13 | TotalNbrEmployees |
| Total Nbr Volunteers | 48 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 19896846 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 25854677 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2571112 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1744687 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 9460452 | InvestmentIncomePriorYear |
| Investment Income Current Year | 21673069 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -4111208 | OtherRevenuePriorYear |
| Other Revenue Current Year | 4819180 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 27817202 | TotalRevenuePriorYear |
| Total Revenue Current Year | 54091613 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 29493050 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 31846453 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1248688 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1361208 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 881233 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1938715 | OtherExpensePriorYear |
| Other Expenses Current Year | 3456949 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 32680453 | TotalExpensesPriorYear |
| Total Expenses Current Year | 36664610 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -4863251 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 17427003 | RevenuesLessExpensesCY |
| Total Assets BOY | 410216126 | TotalAssetsBOY |
| Total Assets EOY | 444075283 | TotalAssetsEOY |
| Total Liabilities BOY | 16966777 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 19455254 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 393249349 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 424620029 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF THE MEDICAL COLLEGE OF VIRGINIA FOUNDATION IS TO INSPIRE AND STEWARD PHILANTHROPY THROUGHOUT THE MCV CAMPUS OF VIRGINIA COMMONWEALTH UNIVERSITY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 4025825 | Expense |
| Grants | 4025825 | Grants |
| Description | TO AID, STRENGTHEN AND EXTEND WORK OF MCV MEDICAL CAMPUS OF VA COMMONWEALTH UNIVERSITY (FACULTY SALARIES PAID TO VCU). | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 25245487 | Expense |
| Grants | 25245487 | Grants |
| Description | EDUCATION, RESEARCH AND GENERAL EXPENSES FOR MCV CAMPUS OF VCU. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2035162 | Expense |
| Grants | 2035162 | Grants |
| Description | SCHOLARSHIPS AND AWARDS | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 539979 | Expense |
| Grants | 539979 | Grants |
| Description | EQUIPMENT, INDIGENT PATIENT CARE AND OTHER PROGRAM SERVICES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 539979 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 539979 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 31846453 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 183 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 13 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 48 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 48 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JENNINGS DAWSON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8048289734 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1228 E BROAD ST | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 23298 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (51 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| RALPH L ANDERSON DDS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOHN BECKNER RPH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| KATHERINE C BOBBIT EDD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ROGER L BOEVE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| AUSTIN BROCKENBROUGH III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LOUISE OLIVER BROOKS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHARLES F BRYAN JR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| THOMAS N CHEWNING | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD M CLARY MD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JUDITH B COLLINS WHNP | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | |
| WILLIAM D COVINGTON DDS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHARLES F CRONE | |||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X | |
| NORWOOD H DAVIS JR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOHN C DOSWELL II DDS | |||||||
| CHAIR | 1.00 | X | 0 | 0 | 0 | X | |
| ALICE T GOODWIN | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | |
| J WILLIAM GRAY JR ESQ | |||||||
| LEGAL COUNSEL | 1.00 | X | 0 | 0 | 0 | X | |
| L PRESTON HALE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOANNE K HENRY EDD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BASIL LEONARD HURST III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| GAIL W JOHNSON RN | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | |
| BARRY V KIRKPATRICK MD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LEE B KRUMBEIN | |||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | X | |
| JOHN W MARTIN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| RONALD H MCFARLANE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DOROTHY A PAULEY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| REBECCA T PERDUE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| W BAXTER PERKINSON JR DDS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAMES H REVERE DDS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| RANDOLPH N REYNOLDS SR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAMES C ROBERTS ESQ | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | |
| BERTHA C ROLFE RPH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| TK SOMANATH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAMES H STARKEY III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOSEPH M TEEFEY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| HARRY R THALHIMER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BRUCE V THOMAS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD P WENZEL MD MSC | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MICHELLE WHITEHURST-COOK MD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| HENRY L WILTON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DIANNE HARRIS WRIGHT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ANN PARKER GOTTWALD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JEFFREY H GUMENICK | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DARIUS A JOHNSON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DAVID A LYONS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOHN F PHILIPS DDS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| GEORGE W VETROVEC | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| HAROLD F YOUNG | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LATONYA MALLORY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM P KOTTI | |||||||
| PRESIDENT | 40.00 | 265334 | 0 | 26776 | X | ||
| JENNINGS D DAWSON III | |||||||
| CHIEF FINANCIAL OFFICER | 40.00 | 153905 | 0 | 18409 | X | ||
| BRIAN S THOMAS | |||||||
| EXECUTIVE DIRECTOR OF DEVE | 40.00 | 162189 | 0 | 20000 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 581428 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 65185 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| LOWE BROCKENBROUGH & CO INC | |||||
| 1802 BAYBERRY COURT SUITE 400 | RICHMOND | VA | 23226 | INVESTMENT MANAGEMENT | 524935 |
| SUNTRUST BANK | |||||
| 919 EAST MAIN STREET HDQ 2102 | RICHMOND | VA | 23219 | INVESTMENT MANAGEMENT | 227380 |
| RICHMOND CAPITAL MANAGEMENT | |||||
| 10800 MIDLOTHIAN TURNPIKE SUITE 21 | RICHMOND | VA | 23235 | INVESTMENT MANAGEMENT | 115445 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 25854677 | AllOtherContributions |
| Noncash Contributions | 2768561 | NoncashContributions |
| Total Contributions | 25854677 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SEE SCHEDULE O | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 1744687 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1744687 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1744687 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6109166 | TotalRevenueColumn |
| Exclusion | $6,109,166 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 237166403 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 221602500 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 15563903 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15563903 | TotalRevenueColumn |
| Exclusion | $15,563,903 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INCOME FROM PASSTHROUGH ENTITIES | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 4819180 | TotalRevenueColumn |
| Exclusion | $4,819,180 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 4819180 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 54091613 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1744687 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $26,492,249 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31846453 | Total |
| Program Services | 31846453 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 432999 | Total |
| Management And General | 280221 | ManagementAndGeneral |
| Fundraising | 152778 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 688760 | Total |
| Management And General | 284430 | ManagementAndGeneral |
| Fundraising | 404330 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75542 | Total |
| Management And General | 45426 | ManagementAndGeneral |
| Fundraising | 30116 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 94525 | Total |
| Management And General | 60075 | ManagementAndGeneral |
| Fundraising | 34450 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69382 | Total |
| Management And General | 39427 | ManagementAndGeneral |
| Fundraising | 29955 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26679 | Total |
| Management And General | 26679 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32662 | Total |
| Management And General | 32662 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2553566 | Total |
| Management And General | 2553566 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5532 | Total |
| Management And General | 5532 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79760 | Total |
| Fundraising | 79760 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18960 | Total |
| Management And General | 7624 | ManagementAndGeneral |
| Fundraising | 11336 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20854 | Total |
| Management And General | 18230 | ManagementAndGeneral |
| Fundraising | 2624 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25094 | Total |
| Management And General | 25094 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7698 | Total |
| Management And General | 967 | ManagementAndGeneral |
| Fundraising | 6731 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65295 | Total |
| Management And General | 16798 | ManagementAndGeneral |
| Fundraising | 48497 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 432422 | Total |
| Management And General | 432422 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53381 | Total |
| Management And General | 53381 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21242 | Total |
| Management And General | 21242 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| PRINTING & PUBLICATIONS | 53801 | 53801 | |
| EQUIPMENT RENTAL AND MA | 25250 | 10477 | 14773 |
| TELEPHONE | 16933 | 10721 | 6212 |
| MISCELLANEOUS | 12163 | 12163 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5657 | Total |
| Fundraising | 5657 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36664610 | Total |
| Program Services | 31846453 | ProgramServices |
| Management And General | 3936924 | ManagementAndGeneral |
| Fundraising | 881233 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5332731 | BOY |
| EOY | 15122397 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19473175 | BOY |
| EOY | 16945249 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 819888 | BOY |
| EOY | 840730 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1241 | BOY |
| EOY | 20154 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2288255 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 802169 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1539467 | BOY |
| EOY | 1486086 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 375900386 | BOY |
| EOY | 400528935 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7149238 | BOY |
| EOY | 9131732 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 410216126 | BOY |
| EOY | 444075283 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 385435 | BOY |
| EOY | 444749 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6826342 | BOY |
| EOY | 7768823 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9755000 | BOY |
| EOY | 11241682 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16966777 | BOY |
| EOY | 19455254 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41325036 | BOY |
| EOY | 47954492 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 171244139 | BOY |
| EOY | 170186804 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 180680174 | BOY |
| EOY | 206478733 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 393249349 | BOY |
| EOY | 424620029 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 410216126 | BOY |
| EOY | 444075283 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 17427003 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 19469466 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -5525789 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 26170355 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 20142326 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 44742749 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 19896846 | CurrentTaxYearMinus1Year |
| Current Tax Year | 25854677 | CurrentTaxYear |
| Total | 136806953 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 26170355 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 20142326 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 44742749 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 19896846 | CurrentTaxYearMinus1Year |
| Current Tax Year | 25854677 | CurrentTaxYear |
| Total | 136806953 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 15787472 | AmountsSubstContributorsTotal |
| Public Support Total170 | 121019481 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7256375 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6378205 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6026891 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7387244 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11884340 | CurrentTaxYear |
| Total | 38933055 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 175740008 | TotalSupport |
| Gross Receipts From Admissions Etc | 9600405 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.68860 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.79850 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 206322936 | BeginningOfYearBalance |
| Contributions | 10833796 | Contributions |
| Investment Earnings Or Losses | 20663326 | InvestmentEarningsOrLosses |
| Other Expenditures | 2427578 | OtherExpenditures |
| End Of Year Balance | 235392480 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 203639912 | BeginningOfYearBalance |
| Contributions | 7786911 | Contributions |
| Investment Earnings Or Losses | 291757 | InvestmentEarningsOrLosses |
| Other Expenditures | 5395644 | OtherExpenditures |
| End Of Year Balance | 206322936 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 168597703 | BeginningOfYearBalance |
| Contributions | 4498979 | Contributions |
| Investment Earnings Or Losses | 38981040 | InvestmentEarningsOrLosses |
| Other Expenditures | 8437810 | OtherExpenditures |
| End Of Year Balance | 203639912 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 148854986 | BeginningOfYearBalance |
| Contributions | 4986822 | Contributions |
| Investment Earnings Or Losses | 19242705 | InvestmentEarningsOrLosses |
| Other Expenditures | 4486810 | OtherExpenditures |
| End Of Year Balance | 168597703 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 184904298 | BeginningOfYearBalance |
| Contributions | 7376485 | Contributions |
| Investment Earnings Or Losses | -45274699 | InvestmentEarningsOrLosses |
| Other Expenditures | -1848902 | OtherExpenditures |
| End Of Year Balance | 148854986 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.12280 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.87720 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 217000 | OtherCostOrOtherBasis |
| Book Value | 217000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1664454 | OtherCostOrOtherBasis |
| Depreciation | 417151 | Depreciation |
| Book Value | 1247303 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 406801 | OtherCostOrOtherBasis |
| Depreciation | 385018 | Depreciation |
| Book Value | 21783 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1486086 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (7 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| EQUITIES - LARGE CAP | 84353459 | F |
| EQUITIES - SMALL CAP & PREFERRED | 9018414 | F |
| CORPORATE BONDS | 30581938 | F |
| EQUITIES - INTERNATIONAL | 7686085 | F |
| U.S. GOVERNMENT | 71191392 | F |
| ALTERNATIVE IMVESTMENTS - HEDGED FUNDS | 136927644 | F |
| ALTERNATIVE IMVESTMENTS - EMERGING MARKETS, INTERNATIONAL & REAL ESTATE | 60770003 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 400528935 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEBT SERVICE OBLIGATION | $9,180,000 |
| OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS | $2,061,682 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 11241682 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 65481723 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 19469466 | NetUnrealizedGainsInvestments |
| Other Revenues | -706609 | OtherRevenues |
| Revenue Not Rptd F990 | 18762857 | RevenueNotRptdF990 |
| Revenue Subtotal | 46718866 | RevenueSubtotal |
| Investment Expenses Not Included | 2553567 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 4819180 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 7372747 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 54091613 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 34111044 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 34111044 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 2553566 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 2553566 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 36664610 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | AGENCY LIABILITIES: THE FOUNDATION ACTS AS AN AGENT TO INVEST ENDOWMENT FUNDS OF TWO OF ITS AFFILIATE ENTITIES WITH ONE OF THE FOUNDATION'S INVESTMENT MANAGERS. THROUGH THIS AGENCY TRANSACTION, THE FOUNDATION IS ABLE TO PROVIDE ACCESS TO INVESTMENTS FOR ITS AFFILIATE ENTITIES THAT THEY MAY NOT OTHERWISE BE ABLE TO OBTAIN. SCHEDULE D, PART X, LINE 1(2) - DEBT SERVICE OBLIGATION: THE FOUNDATION SERVICES A DEBT OBLIGATION WITH VCU ON BEHALF OF MASSEY CANCER CENTER SCHEDULE D, PART X, LINE 1(3) - OBLIGATION UNDER SPILT-INTEREST AGREEMENTS: THE FOUNDATION SERVICES OBLIGATIONS TO DONORS UNDER SPLIT-INTEREST AGREEMENTS. | |
| PART X, LINE 2: | MANAGEMENT HAS EVALUATED THE EFFECT OF GUIDANCE SURROUNDING UNCERTAIN INCOME TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS NO SIGNIFICANT FINANCIAL STATEMENT EXPOSURE TO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2013. THE FOUNDATION'S INFORMATION RETURNS FOR YEARS SINCE 2010 REMAIN OPEN FOR EXAMINATION BY TAX AUTHORITIES. THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CHANGE IN SPLIT INTEREST AGREEMENTS -706,609. | PART XI, LINE 2D - OTHER ADJUSTMENTS: | |
| INCOME FROM PASSTHROUGH ENTITY 4,819,180. | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VCU-MEDICAL COLLEGE OF VA CAMPUS | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 980010 | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 23298 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 546001758 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 31846453 | AmountOfCashGrant |
| Purpose Of Grant | TO AID, STRENGTHEN AND EXTEND WORK OF MCV MEDICAL CAMPUS OF VA COMMONWEALTH UNIVERSITY (FACULTY SALARIES PAID TO VCU). EDUCATION, RESEARCH AND GENERAL EXPENSES FOR MCV CAMPUS OF VCU AND SCHOLARSHIPS AND AWARDS. | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE MEDICAL COLLEGE OF VIRGINIA FOUNDATION PAYS VCU-MEDICAL COLLEGE OF VA CAMPUS FOR EXPENSES THEY HAVE PREVIOUSLY INCURRED FOR THE PURPOSE OF SPECIFIC FUNDS. EACH FUND IS MONITORED BY A SCHOOL ON THE VCU MEDICAL COLLEGE OF VA CAMPUS AND HAS A FISCAL ADMINISTRATOR THAT AUTHORIZES PAYMENT OUT OF THE FUND. EACH FUND MUST BE AUTHORIZED BY THE APPROPRIATE PERSON IN THE SCHOOL AND THE DISBURSEMENT MUST BE FOR THE INTENDED PURPOSE OF THE FUND. IF THE EXPENSE TO BE REIMBURSED DOES NOT MEET THE CRITERIA OF THE FUND, THE MCV FOUNDATION RESERVES THE RIGHT TO DENY REIMBURSEMENT TO VCU. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM P KOTTI | ||||||||||||||
| PRESIDENT | 255734 | 0 | 0 | 0 | 9600 | 0 | 19579 | 0 | 7197 | 0 | 292110 | 0 | 0 | 0 |
| JENNINGS D DAWSON III | ||||||||||||||
| CHIEF FINANCIAL OFFICER | 153905 | 0 | 0 | 0 | 0 | 0 | 11910 | 0 | 6499 | 0 | 172314 | 0 | 0 | 0 |
| BRIAN S THOMAS | ||||||||||||||
| EXECUTIVE DIRECTOR OF DEVE | 162189 | 0 | 0 | 0 | 0 | 0 | 13174 | 0 | 6826 | 0 | 182189 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 128 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2766369 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | NYSE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | MISCELLANEOUS | Description |
| Number Of Contributions | 5 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2192 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | AS AN AFFILIATED ENTITY OF VIRGINIA COMMONWEALTH UNIVERSITY (VCU), MEDICAL COLLEGE OF VIRGINIA FOUNDATION FOLLOWS THE GIFT ACCEPTANCE POLICIES OF VCU. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | INDIVIDUALS NAME JUDITH COLLINS - TRUSTEE INDIVIDUALS NAME JOSEPH TEEFEY - TRUSTEE EXPLANATION OF RELATIONSHIP SPOUSES | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FOUNDATION 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, THE CONTROLLER AND THE PRESIDENT. THE FOUNDATION POSTS THE 990 ON ITS WEBSITE UNDER A LINK SPECIFICALLY FOR BOARD MEMBERS. THE 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.COM. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE FOUNDATION REQUIRES EACH MEMBER OF THE BOARD TO COMPLETE A CONFLICT OF INTEREST STATEMENT EACH FISCAL YEAR. THESE ARE REVIEWED BY MANAGEMENT AND ANY DISCREPANCIES ARE ADDRESSED WITH THE INDIVIDUAL IMMEDIATELY. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE FOUNDATION DOES ANNUAL PERFORMANCE EVALUATIONS ON EMPLOYEES. THE ROBERT HALF ACCOUNTING AND FINANCE GUIDES, ALONG WITH OTHER RELEVANT INDUSTRY SOURCES, ARE USED AS BENCHMARKS FOR SETTING EMPLOYEE SALARIES. THE FINAL SALARY AMOUNTS ARE BASED ON THE EMPLOYEE'S PERFORMANCE DURING THE YEAR AND THEN APPROVED BY THE PRESIDENT AND THE CHAIR OF THE BOARD OF TRUSTEES. THE SALARY AMOUNT OF THE PRESIDENT IS DETERMINED AFTER A FORMAL REVIEW PROCESS CONDUCTED BY THE PERSONNEL & COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE BOARD OF TRUSTEES. THE PROCESS INCLUDES BENCHMARKING AGAINST INDUSTRY DATA. | |
| FORM 990, PART VI, SECTION C, LINE 19 | MCV FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. | |
| FORM 990, PART XI, LINE 9: | BOOK/TAX DIFFERENCE - INCOME FROM PASSTHROUGH ENTITY -4,819,180. CHANGE IN SPLIT INTEREST AGREEMENTS -706,609. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR HAS NOT CHANGED. | |
| FORM 990, PART VIII, LINE 2(A): | PROGRAM SERVICE REVENUE ON LINE 2(A) INCLUDES EDUCATION PROGRAMS, LECTURES, SEMINARS, CRITICAL CARE CLASSES FOR THE TRAUMA UNIT AND FEES ASSESSED ON CURRENT FUNDS. |