Nonprofit · EIN 20-2661802
VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION
Tax-exempt · RICHMOND, VA 23284
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,640,575 | $6,076,337 | -$435,762 | $97,249,353 | $22,600,355 | $74,648,998 |
| June 30, 2024 | 990 | $7,007,769 | $6,418,529 | $589,240 | $92,167,761 | $25,703,266 | $66,464,495 |
| June 30, 2023 | 990 | $5,736,553 | $6,713,548 | -$976,995 | $85,693,465 | $28,962,635 | $56,730,830 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,224,055
- Program service revenue
- $2,913,697
- Investment income
- $481,735
- Net gain from sales of assets
- $51,887
- Other revenue
- $21,088
Expenses
- Grants and similar amounts paid
- $2,798,150
- Compensation of officers, directors and key employees
- $202,911
- Salaries, compensation and benefits (total)
- $202,911
- Professional fundraising fees
- $0
- Legal fees
- $12,230
- Accounting fees
- $24,850
- Depreciation
- $1,351,733
- Program services (functional)
- $5,526,879
- Management and general (functional)
- $519,686
- Fundraising (functional)
- $29,772
Balance sheet and other
- Total assets, start of year
- $92,167,761
- Total assets, end of year
- $97,249,353
- Total liabilities, end of year
- $22,600,355
- Net assets, end of year
- $74,648,998
- Land, buildings and equipment
- $16,805,057
- Publicly traded securities
- $1,186,058
- Net assets without donor restrictions
- $20,824,587
- Net assets with donor restrictions
- $53,824,411
- Gross unrelated business income
- $49,001
- Gross receipts
- $14,211,507
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2005
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA E KOTTKAMP | SECRETARY Officer | 10 | $140,650 | $54,789 |
| PAUL W CROSTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUDY C GAVANT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELLE H GLUCK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANKIT MATHUR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT GREENE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SEAN PURPLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| D GLENN HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANCHON RANDALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LINDA T HINES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LARRY HOLMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH WINKLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVEN A MARKEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID L MONDAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN D O'NEILL JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD HAYMOREE | EX-OFFICIO Trustee or director | 1 | $0 |
| RICHARD T REINECKE | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT C SLEDD | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS G SNEAD JR | TRUSTEE Trustee or director | 1 | $0 |
| ALAN R STEWART | TRUSTEE Trustee or director | 1 | $0 |
| JOHN ZEHEB | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL RAO | EX-OFFICIO Trustee or director | 1 | $0 |
| BRIAN P BROWN | EX-OFFICIO Trustee or director | 1 | $0 |
| MARK E LAREAU | CHAIRMAN Officer | 1 | $0 |
| MELINA DAVIS | VICE CHAIRMAN Officer | 1 | $0 |
990 for the year ended June 30, 2024: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA E KOTTKAMP | SECRETARY Officer | 10 | $86,723 | $34,685 |
| PEYTON F COX | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL W CROSTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK M GAMBILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUDY C GAVANT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELLE H GLUCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM M GINTHER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT GREENE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY K GRONNING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| D GLENN HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT E HENLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LINDA T HINES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LARRY HOLMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUANITA B LEATHERBERRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVEN A MARKEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID L MONDAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN D O'NEILL JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES F PHILLIPS III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD T REINECKE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT C SLEDD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS G SNEAD JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALAN R STEWART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN ZEHEB | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL RAO | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| BRIAN P BROWN | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| MARK E LAREAU | CHAIRMAN Officer | 1 | $0 | $0 |
| MELINA DAVIS | VICE CHAIRMAN Officer | 1 | $0 | $0 |
| MARK NEWFIELD | TREASURER Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 32 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LAURA KOTTKAMP | EXECUTIVE DIRECTOR Officer | 10 | $0 | $70,806 | $28,443 |
| JOHN N PULLEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES F PHILLIPS III | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEVEN A MARKEL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT E HENLEY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MELINA DAVIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| L DANS CALLANS JR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ERIC D CEVIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY K GRONNING | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARK M GAMBILL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM M GINTHER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| A WILLIAM HAMILL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PEYTON COX | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARK LAREAU | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JUANITA B LEATHERBERRY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT C SLEDD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS G SNEAD JR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARK J NEWFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LINDA M WARREN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD REINECKE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL RAO | EX-OFFICIO Trustee or director | 1 | $0 | $0 | $0 |
| PAUL W CROSTON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE H GLUCK | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOHN D O'NEILL JR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TING XU | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LISA RUGGLES | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID MONDAY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NAOMI BOYD | EX-OFFICIO Trustee or director | 1 | $0 | $0 | $0 |
| JUDY GAVANT | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GLENN HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LINDA HINES | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ALAN STEWART | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 301 W MAIN ST, RICHMOND, VA 23284-9051
- In care of
- % VCU SCHOOL OF BUSINESS
- Principal officer (990 for 2024)
- LAURA KOTTKAMP, 301 WEST MAIN STREET PO BOX 844000, RICHMOND, VA 232844000
- Signed the 990
- LAURA KOTTKAMP, CEO
- Phone
- (804) 828-1487
- Website
- WWW.VCUFOUNDATIONS.ORG
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
THE MISSION OF THE FOUNDATION IS TO ASSIST, SUPPORT AND FOSTER THE ACTIVITIES AND MISSION OF THE SCHOOL OF BUSINESS AT VIRGINIA COMMONWEALTH UNIVERSITY. IT SOLICITS, MANAGES AND DISTRIBUTES ASSETS TO BENEFIT PROGRAMS IN THE SCHOOL OF BUSINESS. IT ALSO OWNS PROPERTY WHICH IS LEASED TO VIRGINIA COMMONWEALTH UNIVERSITY TO BE USED FOR SCHOOL OF BUSINESS CLASSES AND ACTIVITIES.
Program accomplishments
- THE VCU SCHOOL OF BUSINESS FOUNDATION OWNS NONRESIDENTIAL REAL ESTATE. THAT PROPERTY IS LEASED TO VIRGINIA COMMONWEALTH UNIVERSITY FOR $1 PER YEAR, UNDER A LEASE AGREEMENT WHICH EXPIRES IN 2031, FOR THE PURPOSE OF HOUSING THE MAIN TEACHING AND ACTIVITY FACILITY FOR THE SCHOOL OF BUSINESS. THE REMAINDER OF THE RENTAL INCOME IS IMPUTED. THE FOUNDATION HAS RECORDED AS A LIABILITY AN AMOUNT EQUAL TO THE ESTIMATED PRESENT VALUE OF THE FUTURE RENTAL VALUE OF THE FACILITY OVER THE INITIAL LEASE TERM LESS THE $1 ANNUAL RENT PAYMENT. THE FOUNDATION INCURS INTEREST, DEPRECIATION, AMORTIZATION AND LEGAL EXPENSES WITH REGARDS TO THIS ACTIVITY.Expenses $2,185,331 · grants $496,263 · revenue $2,018,414
- THE VCU SCHOOL OF BUSINESS FOUNDATION SUPPORTS PROGRAMMATIC INITIATIVES OF THE SCHOOL OF BUSINESS PRIMARILY BY MANAGING INVESTED FUNDS AND ADMINISTERING THE DISTRIBUTION OF ANNUAL GIFTS, ENDOWMENT AND QUASI-ENDOWMENT FUNDS. THESE PROGRAMS INCLUDE: ENDOWED CHAIRS AND PROFESSORSHIPS, PROVIDING MERIT SCHOLARSHIPS TO MORE THAN 55 STUDENTS ANNUALLY, DEPARTMENTAL SUPPORT OF FACULTY DEVELOPMENT, STUDENT DEVELOPMENT ACTIVITIES, AS WELL AS RESEARCH SUPPORT AND ASSISTANTSHIPS.Expenses $2,638,836 · grants $2,214,774 · revenue $21,088
- THE VCU SCHOOL OF BUSINESS FOUNDATION ASSISTS AND SUPPORTS VIRGINIA COMMONWEALTH UNIVERSITY'S SCHOOL OF BUSINESS BY PROVIDING EDUCATIONAL CONFERENCES AND NONCREDIT BEARING COURSES FOR MEMBERS OF THE SCHOOL AND COMMUNITY. THESE TYPES OF ACTIVITIES INCLUDE EXECUTIVE EDUCATION COURSES IN LEADERSHIP SKILLS, TECHNICAL TRAINING IN BUSINESS AREAS SUCH AS SIX SIGMA, PROFESSIONAL EXAM REVIEW COURSES AND INDUSTRY CONFERENCES FOR REAL ESTATE, RISK & INSURANCE AND INTERNATIONAL BUSINESS. ANY PROCEEDS FROM CONFERENCES AND NONCREDIT BEARING COURSE REGISTRATIONS THAT EXCEED THE COST OF THE PROGRAMS ARE USED TO SUPPORT PROGRAMMATIC INITIATIVES WITHIN THE SCHOOL OF BUSINESS.Expenses $702,712 · grants $87,113 · revenue $895,283
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2661802
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B024)
- Assets (IRS master file)
- $97,249,353
- Income (IRS master file)
- $14,211,507
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,640,575 | $6,076,337 | $97,249,353 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $7,007,769 | $6,418,529 | $92,167,761 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $5,736,553 | $6,713,548 | $85,693,465 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $4,740,746 | $5,119,965 | $83,833,161 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2661802).
Questions about VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION
- What is the EIN of VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION?
- The employer identification number (EIN) of VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION is 20-2661802.
- Is VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION?
- The 990 for the year ended June 30, 2025 names LAURA KOTTKAMP.
- Who are the officers and directors of VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 25 people; 1 received compensation from the organization, the highest $140,650 (LAURA E KOTTKAMP, SECRETARY).
- How much revenue does VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,640,575, expenses of $6,076,337 and total assets of $97,249,353 at year end.
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