2025-04-08T10:13:22-05:00 2024-06-30 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2023-07-01 274910429 VIRGINIA TECH INNOVATIONS CORPORATION VIRG 5402315751 902 PRICES FORK ROAD 4000 BLACKSBURG VA 24061 AMY SEBRING CHAIRMAN 5402312977 2025-03-21 1 0 JEFFREY G BARBOUR P01331383 5403450936 2025-03-21 2023 2025-03-06 01:10:19Z AMY SEBRING 902 PRICES FORK ROAD 4000 BLACKSBURG VA 24061 1276868 0 X N/A X 2011 VA TO SUPPORT INNOVATIVE APPLICATIONS OF SCIENCE AND TECHNOLOGY AND PROVIDE TECHNICAL ASSISTANCE TO ENHANCE GLOBAL COMPETITIVENESS. 6 1 0 0 0 0 222542 776882 425096 480528 6484 16 100000 19442 754122 1276868 222542 763031 0 0 23039 23672 0 0 0 441819 474767 687400 1261470 66722 15398 505681 528416 434521 441858 71160 86558 TO SUPPORT INNOVATIVE APPLICATIONS OF SCIENCE AND TECHNOLOGY AND PROVIDE TECHNICAL ASSISTANCE TO ENHANCE GLOBAL COMPETITIVENESS. 0 0 443469 475051 AET GLOBAL, LLC (AET) IS PROVIDING IN-COUNTRY CONTRACTUAL PROCUREMENT SERVICES IN BANGLADESH FOR A FOUR YEAR GRANT RESEARCH PROJECT RECEIVED BY VIRGINIA TECH. 763031 763031 5477 VIRGINIA TECH RESEARCH CONTRACTING SERVICES, LLC (VTRCS) CONTRACTS AND ADMINISTERS EXTERNAL RESEARCH GRANTS WITH PRIVATE CORPORATIONS AND SUBCONTRACTS THE RESEARCH WORK TO VIRGINIA TECH. 1206500 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 0 0 1 AF 0 0 0 0 0 0 0 0 X 6 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X ELIZABETH MCCLANAHAN 5402315751 902 PRICES FORK ROAD STE 4000 BLACKSBURG VA 24061 AMY SEBRING CHAIR 2.00 38.00 X 0 541594 158173 JUSTICE ELIZABETH A MCCLANAHAN SECRETARY-TREASURER 2.00 X 0 0 0 DR CYRIL R CLARKE BOARD MEMBER 2.00 38.00 X 0 575156 127688 DR DAN SUI BOARD MEMBER 2.00 38.00 X 0 474123 60796 DR GURUPRASAD GHOSH BOARD MEMBER 2.00 38.00 X 0 349835 80278 SCOTT MIDKIFF BOARD MEMBER 2.00 38.00 X 0 371656 70174 KEN MILLER BOARD MEMBER 2.00 38.00 X 0 376127 71292 DR THOMAS ARCHIBALD PRESIDENT AET GLOBAL 2.00 38.00 X 0 155440 50028 LISA GREINER ASST TREASURER AET GLOBAL 2.00 38.00 X 0 109669 27774 DR JAMES HEFLIN MANAGER VT-RCS 2.00 38.00 X 0 254083 56319 TRUDY RILEY PRESIDENT, VT-RCS 2.00 38.00 X 0 264752 45240 DANIEL COCKRUM SECRETARY VT-RCS 2.00 38.00 X 0 167176 28671 MELINDA WEST TREASURER VT-RCS 2.00 38.00 X 0 266603 61597 0 3906214 838030 0 0 1 0 0 776882 776882 SERVICES 900099 480528 480528 480528 16 16 FOREIGN CURRENCY GAIN 900099 10073 10073 OTHER INCOME, NET 900099 9369 9369 19442 1276868 480528 0 19458 763031 763031 23672 23672 50 50 15915 15915 808 808 49021 49021 7859 7859 MANAGEMENT SERVICES EXP 393189 393189 MISCELLANEOUS EXPENSE 6139 6139 CONTRACT SERVICES 1259 1259 BANK FEES 527 527 1261470 1206500 54970 0 148234 120041 143253 151120 2041 2253 212153 255002 505681 528416 92194 174531 342327 267327 434521 441858 X 0 0 0 0 71160 86558 71160 86558 505681 528416 15398 0 X X 0 1 X 1 0 X X X 1 VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY 546001805 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ADVANCES 98198 DUE FROM PMU 67327 INVESTMENT IN SUBSIDIARY 89477 255002 LOANS PAYABLE 267327 267327 1 SOUTH ASIA 1 1 PROGRAM SERVICES AGRICULTURAL EDUCATION 393189 1 1 0 0 1 1 393189 0 393189 0 0 1 0 0 0 1 VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY 300 TURNER STREET NW SUITE 4200 BLACKSBURG VA 24061 546001805 763031 0 PROJECT GRANTS 3 0 1 0 0 0 0 0 0 0 DR CYRIL R CLARKE BOARD MEMBER 0 558803 0 0 0 16353 0 97874 0 29814 0 702844 0 0 AMY SEBRING CHAIR 0 538732 0 0 0 2862 0 118251 0 39922 0 699767 0 0 DR DAN SUI BOARD MEMBER 0 469525 0 0 0 4598 0 40071 0 20725 0 534919 0 0 KEN MILLER BOARD MEMBER 0 365688 0 0 0 10439 0 53097 0 18195 0 447419 0 0 SCOTT MIDKIFF BOARD MEMBER 0 361293 0 0 0 10363 0 37988 0 32186 0 441830 0 0 DR GURUPRASAD GHOSH BOARD MEMBER 0 348024 0 0 0 1811 0 48360 0 31918 0 430113 0 0 MELINDA WEST TREASURER VT-RCS 0 264075 0 0 0 2528 0 38961 0 22636 0 328200 0 0 DR JAMES HEFLIN MANAGER VT-RCS 0 250416 0 0 0 3667 0 26773 0 29546 0 310402 0 0 TRUDY RILEY PRESIDENT, VT-RCS 0 262260 0 0 0 2492 0 22687 0 22553 0 309992 0 0 DR THOMAS ARCHIBALD PRESIDENT AET GLOBAL 0 154120 0 0 0 1320 0 22890 0 27138 0 205468 0 0 DANIEL COCKRUM SECRETARY VT-RCS 0 146881 0 0 0 20295 0 21349 0 7322 0 195847 0 0 PART I, LINE 4B DESCRIPTION OF THE TERMS AND CONDITIONS OF THE ARRANGEMENT: VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (THE "UNIVERSITY"), A RELATED ORGANIZATION OF VIRGINIA TECH INNOVATIONS CORPORATION, PROVIDES DEFERRED COMPENSATION INTO A SUPPLEMENTAL NONQUALIFIED 415M RETIREMENT PLAN FOR CERTAIN EMPLOYEES. AMOUNTS ARE DISTRIBUTABLE TO THE EMPLOYEE IN THE 7TH MONTH AFTER SEPARATION FROM THE UNIVERSITY. NAMES OF LISTED PERSONS PAID AND AMOUNTS PAID DURING THE YEAR: - DR. CYRIL R. CLARKE - CONTRIBUTIONS MADE BY THE UNIVERSITY: $13,121 FORM 990, PART VI, SECTION B, LINE 11B THE FOLLOWING DESCRIBES THE FORM 990 REVIEW PROCESS BY VTIC: MANAGEMENT AND THE ACCOUNTING STAFF PROVIDE THE NECESSARY FINANCIAL AND OTHER INFORMATION TO THE INDEPENDENT THIRD PARTY TAX CONSULTANTS. THE TAX CONSULTANTS REVIEW AND COMPILE THE INFORMATION INTO THE FORM 990 AND PROVIDE A DRAFT TO MANAGEMENT. MANAGEMENT PERFORMS A DETAILED REVIEW OF THE FORM AND ANY REVISIONS ARE COMMUNICATED TO THIRD PARTY TAX CONSULTANTS. ANY REVISIONS ARE AGREED UPON BY BOTH PARTIES. PRIOR TO THE FILING DEADLINE, THE FORM IS ELECTRONICALLY PROVIDED TO ALL MEMBERS OF THE AUDIT COMMITTEE OF THE VTIC BOARD FOR THEIR REVIEW AND APPROVAL. ANY CORRECTIONS AFTER THESE REVIEWS ARE COMMUNICATED BACK TO THE THIRD PARTY TAX CONSULTANTS. ANY REVISIONS ARE AGREED UPON BY BOTH PARTIES. ONCE APPROVED, A COPY IS SENT TO ALL BOARD MEMBERS OF VTIC. IF THERE ARE NO REVISIONS, THE VTIC BOARD CHAIR THEN SIGNS THE TRANSMITTAL FORM TO PERMIT THE ELECTRONIC FILING, AS REQUIRED BY THE IRS. DISCLOSURE OF THE 990 WILL BE MADE IN FULL COMPLIANCE WITH THE REQUIREMENTS ESTABLISHED BY THE IRS. FORM 990, PART VI, SECTION B, LINE 12C VTIC HAS HAD AN ESTABLISHED CONFLICT OF INTEREST POLICY SINCE IT WAS INCORPORATED. THE POLICY APPLIES TO EACH MEMBER OF THE BOARD OF DIRECTORS, ALL PRINCIPAL OFFICERS, AND KEY EMPLOYEES. COPIES OF THE POLICY ARE DISTRIBUTED TO THESE INDIVIDUALS EACH FISCAL YEAR TOGETHER WITH A COMPLIANCE QUESTIONNAIRE TO COMPLETE AND RETURN FOR THE CORPORATE RECORDS. THE PURPOSE OF THE POLICY IS TO PROTECT VTIC'S INTERESTS WHEN IT IS CONTEMPLATING ENTERING INTO BUSINESS TRANSACTIONS THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN INTERESTED PERSON OF VTIC. FORM 990, PART VI, SECTION C, LINE 19 VTIC PROVIDES FOR PUBLIC DISCLOSURE ALL DOCUMENTS REQUIRED BY LAW TO BE AVAILABLE FOR INSPECTION BY THE PUBLIC. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. AET GLOBAL LLC 902 PRICES FORK RD BLACKSBURG VA 24061 AGRICULTURAL EDUCATION VA 508344 275442 VT IT LLC 902 PRICES FORK RD BLACKSBURG VA 24061 INFORMATION TECHNOLOGY VA 0 0 VT RESEARCH CONTRACTING SERVICES LLC 902 PRICES FORK RD BLACKSBURG VA 24061 RESEARCH CONTRACTING VA 768524 160153 VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY VIRGINIA TECH CAMPUS BLACKSBURG VA 24061 546001805 HIGHER EDUCATION VA 115 N/A 0 VT SWISS SA VIA SETTALA 8 RIVA SAN VITALE SZ 6826 ADMINISTRATION SZ 0 VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC 902 PRICES FORK ROAD SUITE 4000 BLACKSBURG VA 24061 371737161 ECONOMIC DEVELOPMENT VA 501(C)(3) VIRGINIA TECH INNOVATIONS CORPORATION 1 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0