Nonprofit · EIN 37-1737161
VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC
Tax-exempt · BLACKSBURG, VA 24061
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,929,428 | $5,996,918 | -$1,067,490 | $7,799,062 | $7,888,192 | -$89,130 |
| June 30, 2024 | 990 | $5,551,250 | $5,841,143 | -$289,893 | $8,963,322 | $7,984,964 | $978,358 |
| June 30, 2023 | 990 | $4,508,119 | $5,861,315 | -$1,353,196 | $9,504,390 | $8,236,139 | $1,268,251 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,893,468
- Investment income
- $0
- Other revenue
- $35,960
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $981,272
- Other salaries and wages
- $1,683,448
- Salaries, compensation and benefits (total)
- $3,485,551
- Professional fundraising fees
- $0
- Legal fees
- $13,756
- Accounting fees
- $57,248
- Occupancy
- $219,330
- Travel
- $6,894
- Depreciation
- $835,371
- Program services (functional)
- $5,753,020
- Management and general (functional)
- $243,898
Balance sheet and other
- Total assets, start of year
- $8,963,322
- Total assets, end of year
- $7,799,062
- Total liabilities, end of year
- $7,888,192
- Net assets, end of year
- -$89,130
- Land, buildings and equipment
- $6,675,694
- Net assets without donor restrictions
- -$89,130
- Gross receipts
- $4,929,428
- Employees
- 34
- Volunteers
- 0
- Year formed
- 2012
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR CYRIL R CLARKE | BOARD MEMBER Trustee or director, Officer | 2 | $0 | $617,216 | $140,692 |
| AMY SEBRING | BOARD MEMBER Trustee or director, Officer | 2 | $0 | $576,650 | $161,293 |
| DR DIANZHI DANIEL SUI | CHAIR Trustee or director, Officer | 2 | $0 | $501,647 | $63,892 |
| ZACHARY DOERZAPH | PRESIDENT (VTT, LLC) Officer | 40 | $0 | $351,017 | $69,688 |
| SIMON PM ALLEN | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $315,046 | $43,216 |
| JEFF EARLEY | BOARD MEMBER Trustee or director | 2 | $0 | $269,561 | $67,722 |
| FRANK DELLA PIA | EXECUTIVE DIRECTOR (VTT, LLC) Officer | 40 | $253,130 | $0 | $43,084 |
| JONATHAN DARAB | ENGINEERING DIRECTOR (VTT, LLC) Highest-paid employee | 40 | $194,002 | $0 | $47,948 |
| CHRISTINE ABSHER | TREASURER (VTT, LLC) Officer | 10 | $0 | $143,734 | $48,189 |
| SEAN HUBBARD | RESEARCH SCIENTIST (VTT, LLC) Highest-paid employee | 40 | $150,682 | $0 | $25,655 |
| TRAVIS TERRY | RESEARCH SCIENTIST (VTT, LLC) Highest-paid employee | 40 | $102,639 | $0 | $37,682 |
| YI LI | RESEARCH SCIENTIST (VTT, LLC) Highest-paid employee | 40 | $111,303 | $0 | $20,974 |
| LAURI MUSTONEN | RESEARCH SCIENTIST (VTT, LLC) Highest-paid employee | 40 | $111,370 | $0 | $20,750 |
| JORGE LUIS ROJAS ALBINO | RESEARCH SCIENTIST (VTT, LLC) Highest-paid employee | 40 | $104,975 | $0 | $20,587 |
| JUSTICE ELIZABETH A MCCLANAHAN | MANAGER (VTT, LLC) Trustee or director, Officer | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR CYRIL R CLARKE | BOARD MEMBER Trustee or director | 2 | $0 | $575,156 | $127,688 |
| AMY SEBRING | BOARD MEMBER Trustee or director | 2 | $0 | $541,594 | $158,173 |
| DR DAN SUI | PRESIDENT Trustee or director, Officer | 2 | $0 | $474,123 | $60,796 |
| KEN MILLER | BOARD MEMBER Trustee or director | 2 | $0 | $376,127 | $71,292 |
| SCOTT MIDKIFF | BOARD MEMBER Trustee or director | 2 | $0 | $371,656 | $70,174 |
| ZACHARY DOERZAPH | PRESIDENT (VTT) Officer | 40 | $0 | $331,981 | $66,250 |
| FRANK DELLA PIA | EXECUTIVE DIRECTOR Officer | 40 | $253,226 | $0 | $41,607 |
| JONATHAN DARAB | ENGINEERING DIRECTOR-OUTREACH OPS Key employee | 40 | $185,246 | $0 | $45,373 |
| CHRISTINE ABSHER | TREASURER (VTT) Officer | 10 | $0 | $136,126 | $47,247 |
| SEAN HUBBARD | ENGINEER III - RESEARCH SCIENTIST Highest-paid employee | 40 | $143,248 | $0 | $24,443 |
| YI LI | ENGINEER III - RESEARCH SCIENTIST Highest-paid employee | 40 | $105,735 | $0 | $19,492 |
| LAURI MUSTONEN | ENGINEER III - RESEARCH SCIENTIST Highest-paid employee | 40 | $105,220 | $0 | $19,992 |
| JUSTICE ELIZABETH MCCLANAHAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR CYRIL R CLARKE | BOARD MEMBER Trustee or director | 2 | $0 | $533,417 | $123,636 |
| DR DAN SUI | PRESIDENT Trustee or director, Officer | 2 | $0 | $448,201 | $57,683 |
| SCOTT MIDKIFF | BOARD MEMBER Trustee or director | 2 | $0 | $364,728 | $68,695 |
| KEN MILLER | BOARD MEMBER Trustee or director | 2 | $0 | $356,245 | $67,650 |
| ZACHARY DOERZAPH | PRESIDENT (VTT) Officer | 40 | $0 | $315,672 | $63,532 |
| AMY SEBRING | BOARD MEMBER Trustee or director | 2 | $0 | $164,717 | $13,860 |
| CHRISTINE ABSHER | ASSISTANT TREASURER (VTT) Officer | 10 | $0 | $124,348 | $44,634 |
| JUSTICE ELIZABETH MCCLANAHAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 220 GILBERT ST GILBERT PL 5100, BLACKSBURG, VA 24061-0001
- In care of
- % DR JOHN E DOOLEY
- Principal officer (990 for 2024)
- SIMON PM ALLEN, 220 GILBERT ST GILBERT PL STE 5100, BLACKSBURG, VA 24061
- Signed the 990
- SIMON PM ALLEN, SECRETARY/TREASURER
- Phone
- (540) 231-2977
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
VTTEDI BUILDS A BASE OF RESEARCH, ENGINEERING EDUCATION, ADVANCED TESTING, AND TECHNOLOGY TRANSFER THAT SIGNIFICANTLY IMPACTS INDUSTRIAL PRACTICE AND PRODUCTIVITY THROUGH THE DEVELOPMENT OF ADVANCED MATERIALS, INTELLIGENT TIRE TECHNOLOGIES AND VEHICLE DYNAMICS DATA ANALYSIS.
Program accomplishments
- VTTEDI CONTRIBUTES TO THE ECONOMIC DEVELOPMENT OF SOUTHSIDE VIRGINIA THROUGH CAREER OPPORTUNITIES FOR OVER 34 EMPLOYEES, SUPPORTING LOCAL BUSINESSES, AND ENGAGING LOCAL EDUCATIONAL AND NONPROFIT INSTITUTIONS. VTTEDI HAS CREATED INTERNSHIPS FOR VIRGINIA TECH ENGINEERING STUDENTS. VTTEDI PROVIDES DEVELOPMENT AND DELIVERY OF SPECIALIZED RESEARCH, TIRE TESTING AND MODELING AND SIMULATION SERVICES TO GLOBAL CUSTOMERS AND SPONSORS. VTTEDI HAS BUILT HIGHLY SPECIALIZED FACILITIES THAT PROVIDE STATE OF THE ART EQUIPMENT AND TECHNOLOGY FOR TIRE TESTING AND MODELING AND VEHICLE MODELING. COMPANIES FROM AROUND THE GLOBE TRAVEL TO ALTON VA TO GET THE MOST ADVANCED SERVICES AND DATA FROM THE VTTEDI TEAM.Expenses $5,753,020 · revenue $4,929,428
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
- 37-1737161
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $7,799,062
- Income (IRS master file)
- $4,929,428
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,929,428 | $5,996,918 | $7,799,062 | IRS |
| 990 | June 2024 | $5,551,250 | $5,841,143 | $8,963,322 | XML |
| 990 | June 2023 | $4,508,119 | $5,861,315 | $9,504,390 | XML |
| 990 | June 2022 | $6,270,290 | $6,010,276 | $11,029,540 | IRS |
| 990 | 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 37-1737161).
Questions about VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC
- What is the EIN of VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC?
- The employer identification number (EIN) of VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC is 37-1737161.
- Is VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC 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 TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC 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 TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC 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 TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names SIMON PM ALLEN.
- Who are the officers and directors of VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 7 received compensation from the organization.
- How much revenue does VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,929,428, expenses of $5,996,918 and total assets of $7,799,062 at year end.
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