philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Virginia Tech Services INC FY2023 filing

Tax-deductible

Blacksburg, VA501(c)(3)Since 1968EducationEIN 54-0836195Revenue $4.2M in FY2023

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

This page gets seen. Tell your story. Claim this org.

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.
78¢ of each $1 spent went to programs.
$142K 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

FY2023 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$142K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
34 mo
of spending, in cash
Looks good: 34.0 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
$4.1M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
+9% vs prior year
Spent
$2.9M
To programs
78%
Net assets
$7.4M
By yearFY2020–FY2026
Revenue
$4.2M
FY2023▲ +9%
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
$2.9M
FY2023▼ -5%
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
$7.4M
FY2023▲ +25%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 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

78 cents of each dollar spent went to programs.

Program services 78% · $2.3M Management & general 22% · $631K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

11 people listed on the 990; $142K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Mr David P Wilson
Executive Director
$142,252Pt 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
$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.

See Virginia Tech Services INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Tap to ask. Virginia Tech Services INC sees how many people are interested.

Your first name shows with your question. Virginia Tech Services INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $2.3M · in their own filed words · FY2022
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.

$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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.2M
Ln 12
Fees for servicesLn 2g$2.6M
Other incomeLn 4–11$1.6M
Investment incomeLn 3$53K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.3M
Managementcol C$631K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$8.2M
Total assetsLn 16$11.4M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$53K
Other incomeLn 4–11$1.6M
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$5.3M
Cash and savings togetherLn 1–2$8.2M
Land, buildings, equipmentLn 10c$760K
Other assetsLn 15$1.7M
Total assetsLn 16$11.4M
LiabilitiesLn 26$4.1M
Net assetsLn 32$7.4M
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 FY23End FY23
Cash and savingsLn 1–2$7.2M$8.2M
Land, buildings, equipmentLn 10c$737K$760K
Total assetsLn 16$8.7M$11.4M
LiabilitiesLn 26$2.8M$4.1M
Net assetsLn 32$5.9M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M$1.0M
Other salaries and wagesLn 7$392K$392K
Pension plan contributionsLn 8$48K$48K
Other employee benefitsLn 9$43K$43K
Payroll taxesLn 10$34K$34K
Accounting feesLn 11c$105K$105K
Office expensesLn 13$3K$3K$212
OccupancyLn 16$809K$809K
Conferences, conventions and meetingsLn 19$9K$9K
Depreciation, depletion and amortizationLn 22$167K$167K
InsuranceLn 23$31K$31K
Other expenses (24a–d)Ln 24$237K$237K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$2.9M$2.3M$631K$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 Viewing $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 $4.2M$3.4M$734K$5.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (6 parts)
Part I · Summary $4,249,842 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $139,000$0
I-9 Program service revenuePrior year $2,203,414$2,583,333
I-10 Investment incomePrior year −$29,819$53,320
I-11 Other revenuePrior year $1,596,021$1,613,189
I-12 Total revenuePrior year $3,908,616$4,249,842
I-13 Grants and similar amounts paidPrior year $1,000,000$1,000,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $531,248$516,854
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,505,530$1,364,573
I-18 Total expensesPrior year $3,036,778$2,881,427
I-19 Revenue less expensesPrior year $871,838$1,368,415
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $4,249,842 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,521,294 · Unrelated business $62,039$2,583,333
VIII-3 Investment incomeExcluded from tax $53,320$53,320
VIII-6 Net rental income or lossExcluded from tax $9,600$9,600
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,442,281 · Excluded from tax $161,308$1,603,589
VIII-12 Total revenueRelated to mission $3,963,575 · Unrelated business $62,039 · Excluded from tax $224,228$4,249,842
Part IX · Statement of functional expenses $2,881,427 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $1,000,000$1,000,000
IX-7 Other salaries and wagesManagement $392,069$392,069
IX-8 Pension plan contributionsManagement $47,679$47,679
IX-9 Other employee benefitsManagement $42,678$42,678
IX-10 Payroll taxesManagement $34,428$34,428
IX-11c Accounting feesManagement $105,439$105,439
IX-13 Office expensesPrograms $2,725 · Management $212$2,937
IX-16 OccupancyPrograms $809,430$809,430
IX-19 Conferences, conventions and meetingsManagement $8,503$8,503
IX-22 Depreciation, depletion and amortizationPrograms $167,440$167,440
IX-23 InsurancePrograms $31,045$31,045
IX-24 Other expenses (24a–d)Programs $236,840$236,840
IX-24e All other expensesPrograms $2,939$2,939
IX-25 Total functional expensesPrograms $2,250,419 · Management $631,008 · Fundraising $0$2,881,427
Part X · Balance sheet $11,449,228 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,074,110$2,881,726
X-2 Savings and temporary cash investmentsStart of year $5,148,600$5,273,448
X-4 Accounts receivableStart of year $662,145$772,225
X-9 Prepaid expenses and deferred chargesStart of year $54,419$49,028
X-10c Land, buildings and equipment, netStart of year $737,370$760,319
X-15 Other assetsStart of year $0$1,712,482
X-16 Total assetsStart of year $8,676,644$11,449,228
X-17 Accounts payable and accrued expensesStart of year $551,761$213,897
X-18 Grants payableStart of year $1,000,000$1,000,000
X-19 Deferred revenueStart of year $1,203,333$1,103,333
X-25 Other liabilitiesStart of year $34,338$1,751,523
X-26 Total liabilitiesStart of year $2,789,432$4,068,753
X-27 Net assets without donor restrictionsStart of year $5,887,212$7,380,475
X-32 Total net assets or fund balancesStart of year $5,887,212$7,380,475
X-33 Total liabilities and net assetsStart of year $8,676,644$11,449,228
Part XI · Reconciliation of net assets $7,380,475 net assets at year end
XI-1 Total revenue$4,249,842
XI-2 Total expenses$2,881,427
XI-3 Revenue less expenses$1,368,415
XI-4 Net assets at start of year$5,887,212
XI-5 Net unrealized gains (losses) on investments$124,848
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,380,475

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.