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Virginia Tech Services INC FY2021 filing

Tax-deductible

Blacksburg, VA501(c)(3)Since 1968EducationEIN 54-0836195Revenue $2.5M in FY2021

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.
76¢ of each $1 spent went to programs.
$240K 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

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $909K a year · 25% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$240K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
29 mo
of spending, in cash
Looks good: 29.2 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
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 12 voting members
Worth a look: 1 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
$2.5M
-39% vs prior year
Spent
$2.4M
To programs
76%
Net assets
$5.1M
By yearFY2020–FY2025
Revenue
$2.5M
FY2021▼ -39%
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
FY2025$158K
Expenses
$2.4M
FY2021▼ -29%
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
FY2025$10.7M
Net assets
$5.1M
FY2021▲ +2%
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
FY2025$0

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1967.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $1.8M Management & general 24% · $594K

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

14 people listed on the 990; $240K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Mr Donald J Williams
Former Executive Director
$136,674Pt VII · Sec A
Mr David P Wilson
Executive Director
$102,844Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

Questions for Virginia Tech Services INC

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Provided by the organization

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2 programs · $1.8M · in their own filed words · FY2020
01

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

$1.3Mprogram 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.

$500Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$1000K
Investment incomeLn 3$28K
Money outPt IX
$2.4M
Ln 25
Programscol B$1.8M
Managementcol C$594K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.9M
Total assetsLn 16$7.4M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$28K
Other incomeLn 4–11$1000K
Gains on assetsLn 7−$3K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$1.7M
SavingsLn 2$4.2M
Cash and savings togetherLn 1–2$5.9M
Land, buildings, equipmentLn 10c$647K
Total assetsLn 16$7.4M
LiabilitiesLn 26$2.3M
Net assetsLn 32$5.1M
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 FY21End FY21
Cash and savingsLn 1–2$5.8M$5.9M
Land, buildings, equipmentLn 10c$802K$647K
Total assetsLn 16$7.3M$7.4M
LiabilitiesLn 26$2.3M$2.3M
Net assetsLn 32$5.0M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500K$500K
Pay of current officers, directors and key staffLn 5$106K$106K
Other salaries and wagesLn 7$257K$257K
Pension plan contributionsLn 8$43K$43K
Other employee benefitsLn 9$49K$49K
Payroll taxesLn 10$31K$31K
Accounting feesLn 11c$99K$99K
Office expensesLn 13$4K$4K$320
OccupancyLn 16$882K$882K
TravelLn 17$12$12
Conferences, conventions and meetingsLn 19$8K$8K
Depreciation, depletion and amortizationLn 22$178K$178K
InsuranceLn 23$38K$38K
Other expenses (24a–d)Ln 24$232K$232K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$2.4M$1.8M$594K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $2.5M$2.4M$100K$5.1M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $2,530,562 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,821,128$1,502,528
I-10 Investment incomePrior year $130,288$28,134
I-11 Other revenuePrior year $1,220,719$999,900
I-12 Total revenuePrior year $4,172,135$2,530,562
I-13 Grants and similar amounts paidPrior year $1,000,000$500,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $802,994$486,506
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,635,123$1,443,825
I-18 Total expensesPrior year $3,438,117$2,430,331
I-19 Revenue less expensesPrior year $734,018$100,231
Part VI · Governance 1 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members1
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 $2,530,562 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,445,544 · Unrelated business $56,984$1,502,528
VIII-3 Investment incomeExcluded from tax $30,867$30,867
VIII-6 Net rental income or lossExcluded from tax $9,600$9,600
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,733−$2,733
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $761,514 · Excluded from tax $228,786$990,300
VIII-12 Total revenueRelated to mission $2,204,325 · Unrelated business $56,984 · Excluded from tax $269,253$2,530,562
Part IX · Statement of functional expenses $2,430,331 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $500,000$500,000
IX-5 Pay of current officers, directors and key staffManagement $105,997$105,997
IX-7 Other salaries and wagesManagement $257,434$257,434
IX-8 Pension plan contributionsManagement $42,805$42,805
IX-9 Other employee benefitsManagement $49,018$49,018
IX-10 Payroll taxesManagement $31,252$31,252
IX-11c Accounting feesManagement $99,493$99,493
IX-13 Office expensesPrograms $3,639 · Management $320$3,959
IX-16 OccupancyPrograms $881,767$881,767
IX-17 TravelPrograms $12$12
IX-19 Conferences, conventions and meetingsManagement $8,084$8,084
IX-22 Depreciation, depletion and amortizationPrograms $177,711$177,711
IX-23 InsurancePrograms $37,560$37,560
IX-24 Other expenses (24a–d)Programs $231,907$231,907
IX-24e All other expensesPrograms $3,332$3,332
IX-25 Total functional expensesPrograms $1,835,928 · Management $594,403 · Fundraising $0$2,430,331
Part X · Balance sheet $7,380,214 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $653,663$1,700,044
X-2 Savings and temporary cash investmentsStart of year $5,180,935$4,211,802
X-4 Accounts receivableStart of year $602,312$748,506
X-9 Prepaid expenses and deferred chargesStart of year $71,949$72,508
X-10c Land, buildings and equipment, netStart of year $802,119$647,354
X-16 Total assetsStart of year $7,310,978$7,380,214
X-17 Accounts payable and accrued expensesStart of year $494,499$447,486
X-18 Grants payableStart of year $1,000,000$500,000
X-19 Deferred revenueStart of year $770,833$1,303,333
X-25 Other liabilitiesStart of year $67,302$50,820
X-26 Total liabilitiesStart of year $2,332,634$2,301,639
X-27 Net assets without donor restrictionsStart of year $4,978,344$5,078,575
X-32 Total net assets or fund balancesStart of year $4,978,344$5,078,575
X-33 Total liabilities and net assetsStart of year $7,310,978$7,380,214
Part XI · Reconciliation of net assets $5,078,575 net assets at year end
XI-1 Total revenue$2,530,562
XI-2 Total expenses$2,430,331
XI-3 Revenue less expenses$100,231
XI-4 Net assets at start of year$4,978,344
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,078,575

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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