University Of Virginia Mcintire School Of Commerce Foundation
- Assets
- $155.8m
- Revenue
- $20.4m
- Investments
- $111.3m
- Employees
- 22
- Location
- Charlottesville, VA
- Founding
- 09/1980
- Data as of
- 06/2022
- EIN
- 51-0159775
Organization Overview
University Of Virginia Mcintire School Of Commerce Foundation is located in Charlottesville, VA. The organization was established in 1980. As of 06/2022, University Of Virginia Mcintire School Of Commerce Foundation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Virginia Mcintire School Of Commerce Foundation 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 06/2022, University Of Virginia Mcintire School Of Commerce Foundation generated $20.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $16.9m during the year ending 06/2022. While expenses have increased by 4.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE AIMS AND PURPOSES OF THE UNIVERSITY OF VIRGINIA MCINTIRE SCHOOL OF COMMERCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEVEN "CENTERS OF EXCELLENCE" FORTIFY THE MCINTIRE SCHOOL'S CURRICULUM, SUPPORT STUDENTS AND FACULTY, OFFER INNOVATIVE, AMBITIOUS, CUTTING-EDGE RESEARCH PROJECTS, SUPPORT FORUMS AND ONGOING LECTURE SERIES, AND BOOST THE SCHOOL'S ABILITY TO NURTURE STUDENTS INTO CREATIVE, INTUITIVE, AND RESPONSIBLE BUSINESS PROFESSIONALS. THE FOUNDATION ALSO OFFERS MCINTIRE SCHOOL STUDENTS OPPORTUNITIES TO TAKE PART IN CONTEMPLATIVE SCIENCES, PARTICIPATE IN STUDENT INVESTMENT CLUBS, AND ENHANCE THEIR ABILITIES TO CREATE, MANAGE, AND LEAD HIGH-PERFORMING TEAMS. EXECUTIVE DEVELOPMENT PROGRAMS OFFER PRACTITIONERS CURRENT SKILLS IN AN EVOLVING BUSINESS ENVIRONMENT THROUGH THE LATEST RESEARCH AND THE POWER OF THE MCINTIRE SCHOOL'S WORLD-CLASS FACULTY.
THE FOUNDATION PROVIDED NEED-BASED AND MERIT-BASED SCHOLARSHIPS AND AWARDS TO APPROXIMATELY 97 UNDERGRADUATE AND GRADUATE STUDENTS DURING THE 2021-22 ACADEMIC YEAR.
THE FOUNDATION MADE CASH PAYMENTS TO THE MCINTIRE SCHOOL FOR GENERAL OPERATIONS, FACULTY SUPPORT, AND PROGRAM SUPPORT, AND TRANSFERRED FUNDS TO THE UNIVERSITY OF VIRGINIA FOR MCINTIRE SCHOOL BUILDING IMPROVEMENTS, RENOVATIONS, AND NEW CONSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Griffin President | OfficerTrustee | 1 | $0 |
Stuart T Evans Executive Director | OfficerTrustee | 20 | $0 |
Robert W Tharpe II Secretary And Treasurer | OfficerTrustee | 5 | $0 |
Richard D Tadler Executive Vice-President | OfficerTrustee | 1 | $0 |
Donald E Flow Trustee | Trustee | 1 | $0 |
Gregg I Goldenberg Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avocado Inc Catering Services | 6/29/22 | $119,652 |
Level 5 Events By The Expo Group Entertainment/event Services | 6/29/22 | $299,470 |
Uvimco Investment Management | 6/29/22 | $235,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $353,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,180,476 |
| Noncash contributions included in lines 1a–1f | $4,081,304 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,533,748 |
| Total Program Service Revenue | $33,591 |
| Investment income | $326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$155,567 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,412,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,603,162 |
| Grants and other assistance to domestic individuals. | $765,823 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $150,587 |
| Compensation of current officers, directors, key employees. | $85,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,025,753 |
| Pension plan accruals and contributions | $182,636 |
| Other employee benefits | $298,059 |
| Payroll taxes | $123,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,992 |
| Fees for services: Accounting | $32,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $235,128 |
| Fees for services: Other | $139,356 |
| Advertising and promotion | $5,244 |
| Office expenses | $3,704 |
| Information technology | $125,139 |
| Royalties | $0 |
| Occupancy | $86,648 |
| Travel | $162,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,544 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,597 |
| Insurance | $36,297 |
| All other expenses | $36,786 |
| Total functional expenses | $16,928,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,730,581 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,274,657 |
| Accounts receivable, net | $0 |
| 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 | $138,094 |
| Net Land, buildings, and equipment | $55,679 |
| Investments—publicly traded securities | $7,918,731 |
| Investments—other securities | $111,263,077 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,452,110 |
| Total assets | $155,832,929 |
| Accounts payable and accrued expenses | $56,727 |
| 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 | $115,481 |
| Total liabilities | $172,208 |
| Net assets without donor restrictions | $10,603,757 |
| Net assets with donor restrictions | $145,056,964 |
| 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 | $155,832,929 |
Grants Awarded
Over the last fiscal year, University Of Virginia Mcintire School Of Commerce Foundation has awarded $11,594,998 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Charlottesville, VA PURPOSE: GRANTS AND ALLOCATIONS - TRANSFER TO UVA | $11,551,998 |
Charlottesville, VA PURPOSE: SUPPORT ENTREPRENUERIAL PROGRAMS | $43,000 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that University Of Virginia Mcintire School Of Commerce Foundation has recieved totaling $1,361,596.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $356,475 |
Anton E B Schefer Foundation Wilmington, DE PURPOSE: LENOX-CONYNGHAM SCHOLARSHIP FUND | $220,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $151,681 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $151,681 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $136,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $60,207 |
Endowment Analysis
| Beg. Balance | $110,292,349 |
| Earnings | -$5,757,453 |
| Admin Expense | $235,128 |
| Net Contributions | $17,379,889 |
| Other Expense | $5,745,052 |
| Grants | $765,823 |
| Ending Balance | $115,168,782 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Mcintire School Of Commerce Foundation Charlottesville, VA | $155,832,929 | $20,412,098 |
William & Mary Business School Foundation Williamsburg, VA | $93,537,218 | $9,533,267 |
Investor Protection Tr Washington, DC | $13,587,826 | $3,411,199 |
Vscpa Educational Foundation Inc Glen Allen, VA | $1,606,071 | $250,147 |
Robert H Smith School Of Business Foundation Inc Potomac, MD | $10,614,418 | $969,901 |
Virginia Future Business Leaders Of America Phi Beta Lambda Foundation Bridgewater, VA | $474,463 | $0 |