University Of Virginia Engineering Foundation Inc
- Assets
- $68.6m
- Revenue
- $4.3m
- Investments
- $47.8m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 07/1960
- Data as of
- 06/2022
- EIN
- 54-6052945
Organization Overview
University Of Virginia Engineering Foundation Inc is located in Charlottesville, VA. The organization was established in 1960. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Virginia Engineering Foundation Inc 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 Engineering Foundation Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $4.6m during the year ending 06/2022. While expenses have increased by 2.6% 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
THE FOUNDATION IS ORGANIZED TO SUPPORT THE UNIVERSITY OF VIRGINIA SCHOOL OF ENGINEERING AND APPLIED SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS & ALLOCATIONS - THE FOUNDATION PROVIDES GRANTS & ALLOCATIONS TO THE UNIVERSITY OF VIRGINIA SCHOOL OF ENGINEERING & APPLIED SCIENCE (ENGINEERING SCHOOL) AND OTHER ORGANIZATIONS AND STUDENTS FOR THE BENEFIT OF THE ENGINEERING SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gulu Gambhir President | OfficerTrustee | 1 | $0 |
Robert E Bremer Treasurer | OfficerTrustee | 1 | $0 |
Kathryn A Harris President-Elect | OfficerTrustee | 1 | $0 |
Nancy Callahan Secretary | OfficerTrustee | 1 | $0 |
Frances K O'sullivan Past President | OfficerTrustee | 1 | $0 |
Ann M Baker Executive Director | OfficerTrustee | 1 | $0 |
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 | $4,361,195 |
| Noncash contributions included in lines 1a–1f | $286,923 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,361,195 |
| Total Program Service Revenue | $0 |
| Investment income | $19,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$47,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,333,906 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,375,756 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,025 |
| Fees for services: Accounting | $78,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,737 |
| Fees for services: Other | $3,882 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,117 |
| All other expenses | $21,231 |
| Total functional expenses | $4,609,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,412,230 |
| Pledges and grants receivable | $10,756,233 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $47,806,555 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,650,935 |
| Total assets | $68,625,953 |
| Accounts payable and accrued expenses | $416 |
| 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 | $1,500 |
| Total liabilities | $1,916 |
| Net assets without donor restrictions | $2,749,094 |
| Net assets with donor restrictions | $65,874,943 |
| 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 | $68,625,953 |
Grants Awarded
Over the last fiscal year, University Of Virginia Engineering Foundation Inc has awarded $7,569,592 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Charlottesville, VA PURPOSE: OPERATING SUPPORT | $3,994,401 |
Charlottesville, VA PURPOSE: SCHOLARSHIPS | $3,575,191 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that University Of Virginia Engineering Foundation Inc has recieved totaling $403,862.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $196,800 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $60,703 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $39,500 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $35,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $25,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $10,500 |
Endowment Analysis
| Beg. Balance | $48,004,136 |
| Earnings | -$2,606,120 |
| Net Contributions | $5,222,938 |
| Grants | -$2,703,462 |
| Ending Balance | $53,324,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Engineering Foundation Inc Charlottesville, VA | $68,625,953 | $4,333,906 |
Foundation For Meat And Poultry Research And Education Washington, DC | $2,858,739 | $3,121,077 |
Silverlining Inc Washington, DC | $2,068,443 | $2,757,589 |
American Association For Anatomy Rockville, MD | $14,782,902 | $3,441,263 |
Aip Foundation College Park, MD | $932,385 | $1,213,393 |
Cave Research Foundation Inc Cave City, KY | $1,424,505 | $117,052 |
Association Of Sea Grant Program Institutions Raleigh, NC | $785,159 | $273,912 |
National Institute Of Aerospace Foundation Hampton, VA | $28,778 | $82,817 |
Abet Foundation Inc Baltimore, MD | $243,734 | $0 |