Vcu Investment Management Company
- Assets
- $3.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Richmond, VA
- Founding
- 02/2016
- Data as of
- 06/2023
- EIN
- 47-4815851
Organization Overview
Vcu Investment Management Company is located in Richmond, VA. The organization was established in 2016. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Vcu Investment Management Company employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vcu Investment Management Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Vcu Investment Management Company generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $3.5m during the year ending 06/2023. While expenses have increased by 14.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INVESTMENT AND INVESTMENT MANAGEMENT AND RELATED SERVICES TO THE RECTOR AND THE BOARD OF VISITORS OF VIRGINIA COMMONWEALTH UNIVERSITY (VCU), AND/OR TO THE PRIVATE AND INDEPENDENT FOUNDATIONS AND OTHER ENTITIES AFFILIATED WITH VCU OPERATING IN SUPPORT OF ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTMENT MANAGEMENT SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Macdonald Cio | Officer | 40 | $724,225 |
Michael Peltier Secretary | Officer | 40 | $311,000 |
Margaret Millhiser Director | 40 | $311,725 | |
Phil Keefe Director | 40 | $329,500 | |
Nancy C Everett CEO | Officer | 40 | $158,084 |
Sarah Khouri Analyst | 40 | $105,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,526,714 |
| Investment income | $9,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,536,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,478,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $261,829 |
| Payroll taxes | $108,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,609 |
| Fees for services: Accounting | $25,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,044 |
| Advertising and promotion | $264 |
| Office expenses | $9,259 |
| Information technology | $32,940 |
| Royalties | $0 |
| Occupancy | $79,925 |
| Travel | $144,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,113 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,255 |
| Insurance | $65,160 |
| All other expenses | $8,814 |
| Total functional expenses | $3,525,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,131,443 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $463,169 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,235 |
| Net Land, buildings, and equipment | $98,140 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $460,965 |
| Total assets | $3,192,952 |
| Accounts payable and accrued expenses | $1,035,850 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $482,720 |
| Total liabilities | $1,518,570 |
| Net assets without donor restrictions | $1,674,382 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,192,952 |