Nonprofit · EIN 46-3787774
VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC
Tax-exempt · RICHMOND, VA 23230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $438,858 | $334,881 | $103,977 | $505,365 | $0 | $505,365 |
| June 30, 2024 | 990 | $217,599 | $193,817 | $23,782 | $401,388 | $0 | $401,388 |
| June 30, 2023 | 990 | $255,500 | $213,260 | $42,240 | $377,606 | $0 | $377,606 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $424,783
- Membership dues
- $152,500
- Program service revenue
- $0
- Investment income
- $14,075
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $33,000
- Other salaries and wages
- $61,250
- Salaries, compensation and benefits (total)
- $68,566
- Professional fundraising fees
- $0
- Accounting fees
- $2,500
- Travel
- $10,772
- Program services (functional)
- $272,739
- Management and general (functional)
- $62,142
Balance sheet and other
- Total assets, start of year
- $401,388
- Total assets, end of year
- $505,365
- Total liabilities, end of year
- $0
- Net assets, end of year
- $505,365
- Net assets without donor restrictions
- $505,365
- Gross receipts
- $438,858
- Employees
- 1
- Volunteers
- 22
- Year formed
- 2013
- 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 |
|---|---|---|---|
| MR ALFRED GRASSO | PRESIDENT Trustee or director, Officer | 5 | $0 |
| DR X J MENG | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MR DAVID ROOP | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| DR JENNIFER WEST | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 |
| DR JAMES AYLOR | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| DR ANTHONY J BEASLEY | DIRECTOR Trustee or director | 1 | $0 |
| DR BARBARA BOYAN | DIRECTOR Trustee or director | 1 | $0 |
| DR ROBERT CAREY | DIRECTOR Trustee or director | 1 | $0 |
| DR PATRICIA DOVE | DIRECTOR Trustee or director | 1 | $0 |
| DR ANTONIO ELIAS | DIRECTOR Trustee or director | 1 | $0 |
| DR ANITA JONES | DIRECTOR Trustee or director | 1 | $0 |
| DR ROBERT KAHN | DIRECTOR Trustee or director | 1 | $0 |
| DR ALEX KRIST | DIRECTOR Trustee or director | 1 | $0 |
| DR CHEN-CHING LIU | DIRECTOR Trustee or director | 1 | $0 |
| GENERAL LESTER L LYLES | DIRECTOR Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR ROBERT PHILLIPS | DIRECTOR Trustee or director | 1 | $0 |
| MR THOMAS YOUNG | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR JAMES AYLOR | PRESIDENT Trustee or director, Officer | 8 | $0 |
| DR ANTONIO ELIAS | SECRETARY/TREASURER Trustee or director, Officer | 4 | $0 |
| DR PATRICIA DOVE | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| DR X J MENG | DIRECTOR Trustee or director | 1 | $0 |
| DR ROBERT KAHN | DIRECTOR Trustee or director | 1 | $0 |
| GENERAL LESTER L LYLES | DIRECTOR Trustee or director | 1 | $0 |
| DR ANITA JONES | DIRECTOR Trustee or director | 1 | $0 |
| DR BARBARA BOYAN | DIRECTOR Trustee or director | 1 | $0 |
| DR ROBERT CAREY | DIRECTOR Trustee or director | 1 | $0 |
| DR THOMAS YOUNG | DIRECTOR Trustee or director | 1 | $0 |
| DR ROBERT PHILLIPS | DIRECTOR Trustee or director | 1 | $0 |
| MR DAVID ROOP | DIRECTOR Trustee or director | 1 | $0 |
| MR ALFRED GRASSO | DIRECTOR Trustee or director | 1 | $0 |
| DR ANTHONY J BEASLEY | DIRECTOR Trustee or director | 1 | $0 |
| DR ALEX KRIST | DIRECTOR Trustee or director | 1 | $0 |
| DR CHEN-CHING LIU | DIRECTOR Trustee or director | 1 | $0 |
| DR JENNIFER WEST | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR JAMES AYLOR | PRESIDENT Trustee or director, Officer | 20 | $0 |
| DR PATRICIA DOVE | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| DR ANTONIO ELIAS | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 2 | $0 |
| DR X J MENG | DIRECTOR Trustee or director | 2 | $0 |
| DR ROBERT KAHN | DIRECTOR Trustee or director | 0 | $0 |
| GENERAL RET LESTER L LYLES | DIRECTOR Trustee or director | 1 | $0 |
| DR ANITA JONES | DIRECTOR Trustee or director | 2 | $0 |
| DR BARBARA BOYAN | DIRECTOR Trustee or director | 1 | $0 |
| DR ROBERT CAREY | DIRECTOR Trustee or director | 0 | $0 |
| DR THOMAS YOUNG | DIRECTOR Trustee or director | 2 | $0 |
| DR ROBERT PHILLIPS | DIRECTOR Trustee or director | 1 | $0 |
| MR DAVID ROOP | DIRECTOR Trustee or director | 2 | $0 |
| ALFRED GRASSO | DIRECTOR Trustee or director | 2 | $0 |
| DR JENNIFER WEST | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6800 PARAGON PL STE 640, RICHMOND, VA 23230-1652
- In care of
- % JOE CAMPBELL
- Principal officer (990 for 2024)
- MR ALFRED GRASSO, 6800 PARAGON PLACE SUITE 640, RICHMOND, VA 23230
- Signed the 990
- MR ALFRED GRASSO, PRESIDENT
- Phone
- (804) 747-4971
- Website
- WWW.VASEM.ORG
- Return prepared by
- HANTZMON WIEBEL LLP
Mission
THE PRIMARY PURPOSES OF VASEM SHALL BE TO:(1) INFORMPROVIDE AN INDEPENDENT RESOURCE OF EXPERTISE IN SCIENCE, ENGINEERING AND MEDICINE TO THE COMMONWEALTH OF VIRGINIA; ENVISION FUTURE TRENDS AND PROVIDE LEADERSHIP IN CATALYZING EMERGING OPPORTUNITIES;(2) ADVOCATEPROMOTE INVESTMENTS IN JOB GROWTH, RESEARCH, AND SOLUTIONS TO CHALLENGES IN SCIENCE, ENGINEERING AND TECHNOLOGY; SUPPORT EMERGING LEADERS IN SCIENCE, ENGINEERING AND MEDICNE TOWARD THEIR ELECTION IN THE NATIONIAL ACADEMIES;(3)SERVEFOSTER NEW COLLABORATIONS BETWEEN BUSINESSES AND THE COMMONWEALTH OF VIRGINIA UNIVERSITIES AND COLLEGES; GROW VIRGINIA'S COMPETITIVENESS FOR NEW BUSINESS INVESTMENTS, FEDERAL FUNDING AND JOB GROWTH.
Program accomplishments
- PULLING TOGETHER INDIVIDUALS FROM INDUSTRY, ACADEMIC, AND GOVERNMENT 'SILOS' TO CREATE CROSS-INDUSTRY AND CROSS-DISCIPLINARY OPPORTUNITIES IN FAST-MOVING TECHNICAL FIELDS THAT INCLUDE BIG DATA, TRANSPORTAION AND AUTONOMOUS SYSTEMS AND BECOME A RESOURCE FOR LEGISLATIVE AND OTHER GROUPS AS A BRAIN TRUST FOR INDUSTRY, GOVERNMENT AND EDUCATION.Expenses $179,723
- THE COMMONWEALTH OF VIRGINIA ENGINEERING AND SCIENCE (COVES) FELLOWSHIP IS A 12-WEEK FELLOWSHIP PROGRAM OF THE VIRGINIA ACADEMY OF SCIENCE, ENGINEERING AND MEDICINE (VASEM). GRADUATE STUDENT AND POSTDOCTORAL FELLOWS WILL SERVE AS SCIENCE ADVISORS IN A VARIETY OF POSSIBLE PLACEMENTS, INCLUDING LEGISLATIVE OFFICES, EXECUTIVE AGENCIES, OR PROMINENT COMPANIES AND NONPROFITS IN THE STATE OF VIRGINIA. FELLOWS WILL GAIN EXPERIENCE BY SERVING THEIR HOST OFFICE AND PERFORMING RELEVANT TASKS SUCH AS RESEARCHING, DRAFTING, AND REVISING RELEVANT POLICIES. FELLOWS WILL ALSO BE PAIRED WITH A VASEM MEMBER WHO WILL SERVE AS AN EXPERIENCED SCIENCE POLICY MENTOR THROUGHOUT THE FELLOWSHIP.Expenses $93,016 · grants $33,000
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
- 46-3787774
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $505,365
- Income (IRS master file)
- $438,858
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $438,858 | $334,881 | $505,365 | XML |
| 990 | June 2024 | $217,599 | $193,817 | $401,388 | IRS |
| 990 | June 2023 | $255,500 | $213,260 | $377,606 | XML |
| 990 | June 2022 | $325,767 | $232,578 | $335,366 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | 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 46-3787774).
Questions about VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC
- What is the EIN of VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC?
- The employer identification number (EIN) of VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC is 46-3787774.
- Is VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE 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 ACADEMY OF SCIENCE ENGINEERING AND MEDICINE 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 ACADEMY OF SCIENCE ENGINEERING AND MEDICINE 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 ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC?
- The 990 for the year ended June 30, 2025 names MR ALFRED GRASSO.
- Who are the officers and directors of VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $438,858, expenses of $334,881 and total assets of $505,365 at year end.
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