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Virginia Tech Services INC FY2020 filing

Tax-deductible

Blacksburg, VA501(c)(3)Since 1968EducationEIN 54-0836195Revenue $4.2M in FY2020

On file with the IRSvtsi.org115 Kent St, 24061-1054 · Blacksburg, VATax-exempt since Dec 1967Publicly supported — 509(a)(2)

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To own and operate bookstores and provide other Services for the use and benefit of students, faculty, staff, and alumni of Virginia polytechnic institute and state university and to transfer, as the board of directors may determine, any surplus funds to the university or the Virginia Tech foundation, INC. For allocation and use by the university, as the president of the university and board of visitors deem appropriate.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$209K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 7
filings with a surplus
Average deficit $724K a year · 23% of revenue · last 7 filings
Fine: a surplus in 6 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$209K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 20.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $90
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 12 voting members
Worth a look: 2 of 12 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
Spent
$3.4M
To programs
74%
Net assets
$5.0M
By yearFY2020–FY2026
Revenue
$4.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.2M
FY2021$2.5M
FY2022$3.9M
FY2023$4.2M
FY2024$4.5M
FY2025$2.4M
FY2026$158K
Expenses
$3.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$2.4M
FY2022$3.0M
FY2023$2.9M
FY2024$2.9M
FY2025$1.7M
FY2026$10.7M
Net assets
$5.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.0M
FY2021$5.1M
FY2022$5.9M
FY2023$7.4M
FY2024$9.3M
FY2025$10.4M
FY2026$0

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Dec 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $2.5M Management & general 26% · $890K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $209K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Donald J Williams
Executive Director
$209,029Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dr John E Dooley
Secretary-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mr David P Wilson’s $148K as Executive Director is at the 63rd percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Donald J Williams————$209,029
Mr David P Wilson$148,073$142,252$136,633$102,844—
Mr Donald J Williams———$136,674—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates bookstores and services for university students, faculty, staff, and alumni.

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Provided by the organization

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2 programs · $2.5M · in their own filed words · FY2019
01

Operation of vending services and management of outsourced commissions contracts from retail operations including student bookstores and a coffee shop.

$1.5Mprogram expense
02

Contribution to virginia tech foundation, inc for use by the university president and board of visitors for the benefit of the students and faculty.

$1.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$90
Total grants receivedfrom 1 funder$90
Grants paid · 5 grants · $4.5M · 2019–2023
Virginia Tech Foundation INCVA · FY2023$1,000,000
Virginia Tech Foundation INCVA · FY2022$1,000,000
Virginia Tech Foundation INCVA · FY2021$1,000,000
Virginia Tech Foundation INCVA · FY2020$500,000
Virginia Tech Foundation INCVA · FY2019$1,000,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.2M
Ln 12
Fees for servicesLn 2g$2.8M
Other incomeLn 4–11$1.2M
Investment incomeLn 3$130K
Money outPt IX
$3.4M
Ln 25
Programscol B$2.5M
Managementcol C$890K
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$5.8M
Total assetsLn 16$7.3M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$130K
Other incomeLn 4–11$1.2M
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$654K
SavingsLn 2$5.2M
Cash and savings togetherLn 1–2$5.8M
Land, buildings, equipmentLn 10c$802K
Other assetsLn 15$0
Total assetsLn 16$7.3M
LiabilitiesLn 26$2.3M
Net assetsLn 32$5.0M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$4.2M$5.8M
Land, buildings, equipmentLn 10c$943K$802K
Total assetsLn 16$6.6M$7.3M
LiabilitiesLn 26$2.5M$2.3M
Net assetsLn 32$4.1M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M$1.0M
Pay of current officers, directors and key staffLn 5$245K$245K
Other salaries and wagesLn 7$271K$271K
Pension plan contributionsLn 8$65K$65K
Other employee benefitsLn 9$179K$179K
Payroll taxesLn 10$43K$43K
Accounting feesLn 11c$78K$78K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$8K$6K$2K
OccupancyLn 16$874K$874K
TravelLn 17$831$831
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$184K$184K
InsuranceLn 23$40K$40K
Other expenses (24a–d)Ln 24$436K$436K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$3.4M$2.5M$890K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $158K$10.7M−$10.5M$0 990 PDF
FY2025 $2.4M$1.7M$735K$10.4M 990 PDF
FY2024 $4.5M$2.9M$1.6M$9.3M 990 PDF
FY2023 $4.2M$2.9M$1.4M$7.4M 990 PDF
FY2022 $3.9M$3.0M$872K$5.9M 990 PDF
FY2021 $2.5M$2.4M$100K$5.1M 990 PDF
FY2020 Viewing $4.2M$3.4M$734K$5.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $4,172,135 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$2,821,128
I-10 Investment incomePrior year $28,328$130,288
I-11 Other revenuePrior year $6,240,940$1,220,719
I-12 Total revenuePrior year $6,269,268$4,172,135
I-13 Grants and similar amounts paidPrior year $765,000$1,000,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,249,317$802,994
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,394,819$1,635,123
I-18 Total expensesPrior year $6,409,136$3,438,117
I-19 Revenue less expensesPrior year −$139,868$734,018
Part VI · Governance 2 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,172,135 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,741,202 · Unrelated business $79,926$2,821,128
VIII-3 Investment incomeExcluded from tax $130,288$130,288
VIII-6 Net rental income or lossExcluded from tax $14,800$14,800
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,205,919$1,205,919
VIII-12 Total revenueRelated to mission $2,741,202 · Unrelated business $79,926 · Excluded from tax $1,351,007$4,172,135
Part IX · Statement of functional expenses $3,438,117 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,000,000$1,000,000
IX-5 Pay of current officers, directors and key staffManagement $244,800$244,800
IX-7 Other salaries and wagesManagement $271,284$271,284
IX-8 Pension plan contributionsManagement $65,264$65,264
IX-9 Other employee benefitsManagement $178,890$178,890
IX-10 Payroll taxesManagement $42,756$42,756
IX-11c Accounting feesManagement $77,673$77,673
IX-12 Advertising and promotionManagement $2,447$2,447
IX-13 Office expensesPrograms $5,667 · Management $2,038$7,705
IX-16 OccupancyPrograms $873,523$873,523
IX-17 TravelManagement $831$831
IX-19 Conferences, conventions and meetingsManagement $3,883$3,883
IX-22 Depreciation, depletion and amortizationPrograms $183,550$183,550
IX-23 InsurancePrograms $39,645$39,645
IX-24 Other expenses (24a–d)Programs $436,482$436,482
IX-24e All other expensesPrograms $9,384$9,384
IX-25 Total functional expensesPrograms $2,548,251 · Management $889,866 · Fundraising $0$3,438,117
Part X · Balance sheet $7,310,978 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,058,962$653,663
X-2 Savings and temporary cash investmentsStart of year $2,151,315$5,180,935
X-4 Accounts receivableStart of year $1,133,957$602,312
X-9 Prepaid expenses and deferred chargesStart of year $209,285$71,949
X-10c Land, buildings and equipment, netStart of year $942,598$802,119
X-15 Other assetsStart of year $105,922$0
X-16 Total assetsStart of year $6,602,039$7,310,978
X-17 Accounts payable and accrued expensesStart of year $802,069$494,499
X-18 Grants payableStart of year $765,000$1,000,000
X-19 Deferred revenueStart of year $870,833$770,833
X-25 Other liabilitiesStart of year $83,784$67,302
X-26 Total liabilitiesStart of year $2,521,686$2,332,634
X-27 Net assets without donor restrictionsStart of year $4,080,353$4,978,344
X-32 Total net assets or fund balancesStart of year $4,080,353$4,978,344
X-33 Total liabilities and net assetsStart of year $6,602,039$7,310,978
Part XI · Reconciliation of net assets $4,978,344 net assets at year end
XI-1 Total revenue$4,172,135
XI-2 Total expenses$3,438,117
XI-3 Revenue less expenses$734,018
XI-4 Net assets at start of year$4,080,353
XI-8 Prior period adjustments$163,973
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,978,344

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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