Nonprofit · EIN 54-0554396
VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES
Tax-exempt · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,577,306 | $3,869,454 | -$292,148 | $45,063,696 | $2,139,701 | $42,923,995 |
| June 30, 2024 | 990 | $2,162,960 | $3,798,527 | -$1,635,567 | $40,781,297 | $2,141,078 | $38,640,219 |
| June 30, 2023 | 990 | $2,321,318 | $3,465,527 | -$1,144,209 | $39,898,946 | $2,200,540 | $37,698,406 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,400,755
- Program service revenue
- $0
- Investment income
- $176,551
- Net gain from sales of assets
- $168,540
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,173,736
- Compensation of officers, directors and key employees
- $729,247
- Other salaries and wages
- $83,002
- Salaries, compensation and benefits (total)
- $923,618
- Professional fundraising fees
- $0
- Accounting fees
- $29,200
- Occupancy
- $84,124
- Travel
- $8,413
- Depreciation
- $9,164
- Program services (functional)
- $2,762,118
- Management and general (functional)
- $728,334
- Fundraising (functional)
- $379,002
Balance sheet and other
- Total assets, start of year
- $40,781,297
- Total assets, end of year
- $45,063,696
- Total liabilities, end of year
- $2,139,701
- Net assets, end of year
- $42,923,995
- Land, buildings and equipment
- $15,269
- Net assets without donor restrictions
- $28,278,035
- Net assets with donor restrictions
- $14,645,960
- Gross unrelated business income
- $168,540
- Gross receipts
- $5,321,897
- Employees
- 6
- Volunteers
- 116
- Year formed
- 1952
- 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 |
|---|---|---|---|---|
| LOCKE W OGENS | PRESIDENT Officer | 40 | $269,327 | $2,483 |
| MARY-BETH JOHNSON | CHIEF OPERATING OFFICER Officer | 40 | $179,774 | $36,462 |
| ELIZABETH BLAINE | DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $185,434 | $5,639 |
| MATTHEW SHANK | FORMER PRESIDENT Officer | 40 | $15,181 | $12,479 |
| A MARSHALL ACUFF JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY HOWELL AGEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE F ALBRIGHT JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN C ASBURY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK BATTEN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE Y BIRDSONG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RANDY HARRELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES L CABELL ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN M CAMP III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VICTOR O CARDWELL ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THEODORE L CHANDLER JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
70 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| C LYNCH CHRISTIAN III | TRUSTEE Trustee or director | 1 | $0 |
| JOHN R CLARK III | TRUSTEE Trustee or director | 1 | $0 |
| PETER A CONVERSE | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD CULLEN ESQ | TRUSTEE Trustee or director | 1 | $0 |
| JOHN MCNAMARA CURTIS SR | TRUSTEE Trustee or director | 1 | $0 |
| BEVERLY E DALTON | TRUSTEE Trustee or director | 1 | $0 |
| RUSS ELLET | TRUSTEE Trustee or director | 1 | $0 |
| LAUREN FISHER WHITE | TRUSTEE Trustee or director | 1 | $0 |
| CALVIN W FOWLER JR | TRUSTEE Trustee or director | 1 | $0 |
| GEORGE C FREEMAN III | TRUSTEE Trustee or director | 1 | $0 |
| PALMER P GARSON | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS E GOODE | TRUSTEE Trustee or director | 1 | $0 |
| BRAD N HALL | TRUSTEE Trustee or director | 1 | $0 |
| H HITER HARRIS III | TRUSTEE Trustee or director | 1 | $0 |
| TEAGUE AVEY | TRUSTEE Trustee or director | 1 | $0 |
| GARY D BONNEWELL | TRUSTEE Trustee or director | 1 | $0 |
| MARTIN KENT | TRUSTEE Trustee or director | 1 | $0 |
| C BURKE KING | TREASURER Trustee or director, Officer | 1 | $0 |
| ESTHER C LEE | TRUSTEE Trustee or director | 1 | $0 |
| DENNIS MATHEIS | TRUSTEE Trustee or director | 1 | $0 |
| CRAIG L MASSEY | TRUSTEE Trustee or director | 1 | $0 |
| W SHEPPARD MILLER III | TRUSTEE Trustee or director | 1 | $0 |
| T JUSTIN MOORE III | TRUSTEE Trustee or director | 1 | $0 |
| THURSTON R MOORE ESQ | TRUSTEE Trustee or director | 1 | $0 |
| JENNIFER FELIX | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM L MURRAY | TRUSTEE Trustee or director | 1 | $0 |
| MARK G MYKITYSHYN PHD | TRUSTEE Trustee or director | 1 | $0 |
| BERNARD A NEIMEIER | TRUSTEE Trustee or director | 1 | $0 |
| DANIEL J O'NEILL | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM L PANNILL | TRUSTEE Trustee or director | 1 | $0 |
| JEFFREY V HALEY | TRUSTEE Trustee or director | 1 | $0 |
| CHARLOTTE PORTERFIELD | TRUSTEE Trustee or director | 1 | $0 |
| BRIAN W QUIGLEY | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS L RANSOM | TRUSTEE Trustee or director | 1 | $0 |
| CARTER V REID | TRUSTEE Trustee or director | 1 | $0 |
| H MCGUIRE RILEY | TRUSTEE Trustee or director | 1 | $0 |
| STEWART D ROBERSON EDD | TRUSTEE Trustee or director | 1 | $0 |
| ANDREA GLASGOW | TRUSTEE Trustee or director | 1 | $0 |
| DOUGLAS WILSON | TRUSTEE Trustee or director | 1 | $0 |
| GARY R SHOOK | TRUSTEE Trustee or director | 1 | $0 |
| J KNOX SINGLETON | TRUSTEE Trustee or director | 1 | $0 |
| BRIAN K SKINNER | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT H SPILMAN JR | TRUSTEE Trustee or director | 1 | $0 |
| HUGH E TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
| MARIA TEDESCO | TRUSTEE Trustee or director | 1 | $0 |
| GARY R THOMSON | TRUSTEE Trustee or director | 1 | $0 |
| KEITH D VANDERVENNET | TRUSTEE Trustee or director | 1 | $0 |
| MARY ALLEN WALLER | TRUSTEE Trustee or director | 1 | $0 |
| JAMES C WHEAT III | TRUSTEE Trustee or director | 1 | $0 |
| JOHN H WICK IV | TRUSTEE Trustee or director | 1 | $0 |
| TRACY FRIST | TRUSTEE Trustee or director | 1 | $0 |
| R SACKETT WOOD | TRUSTEE Trustee or director | 1 | $0 |
| RANDALL PARKS | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM R VAN BUREN III ESQ | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| IRMA BECERRA | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DAVID W BUSHMAN | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM C DUDLEY | TRUSTEE Trustee or director | 1 | $0 |
| A LOUISE FINCHER | TRUSTEE Trustee or director | 1 | $0 |
| TRACY FITZSIMMONS | TRUSTEE Trustee or director | 1 | $0 |
| KEVIN F HALLOCK | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL HILL | TRUSTEE Trustee or director | 1 | $0 |
| MARY DANA HINTON | TRUSTEE Trustee or director | 1 | $0 |
| MARY POPE M HUTSON | TRUSTEE Trustee or director | 1 | $0 |
| HAKIM J LUCAS | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT D MILLER | TRUSTEE Trustee or director | 1 | $0 |
| ALISON MORRISON-SHETLAR | TRUSTEE Trustee or director | 1 | $0 |
| SUE OTT ROWLANDS | TRUSTEE Trustee or director | 1 | $0 |
| FRANK SHUSHOK | TRUSTEE Trustee or director | 1 | $0 |
| TODD TELEMECO | TRUSTEE Trustee or director | 1 | $0 |
| DARRELL K WILLIAMS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 87 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW SHANK | FORMER PRESIDENT Officer | 40 | $306,912 | $64,414 |
| MARY-BETH JOHNSON | CHIEF OPERATING OFFICER Officer | 40 | $160,716 | $51,972 |
| A MARSHALL ACUFF JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY HOWELL AGEE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE F ALBRIGHT JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN C ASBURY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK BATTEN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE Y BIRDSONG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VICTOR K BRANCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES L CABELL ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN M CAMP III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VICTOR O CARDWELL ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THEODORE L CHANDLER JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| C LYNCH CHRISTIAN III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN R CLARK III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER A CONVERSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD CULLEN ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN MCNAMARA CURTIS SR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEVERLY E DALTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RUSS ELLET | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAUREN FISHER WHITE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CALVIN W FOWLER JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE C FREEMAN III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PALMER P GARSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS E GOODE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRAD N HALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| H HITER HARRISS III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TEAGUE AVEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY D BONNEWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN KENT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| C BURKE KING | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ESTHER C LEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES S LUCK IV | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CRAIG L MASSEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| W SHEPPARD MILLER III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| T JUSTIN MOORE III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THURSTON R MOORE ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JENNIFER FELIX | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM L MURRAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK G MYKITYSHYN PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BERNARD A NEIMEIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL J O'NEILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM L PANNILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| L ALLAN PARROTT JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLOTTE PORTERFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIAN W QUIGLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS L RANSOM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARTER V REID | TRUSTEE Trustee or director | 1 | $0 | $0 |
| H MCGUIRE RILEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEWART D ROBERSON EDD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS D RUTHERFOORD JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY G SHOCKEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY R SHOOK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J KNOX SINGLETON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIAN K SKINNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT H SPILMAN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HUGH E TAYLOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BENITA THOMPSON-BYAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY R THOMSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM R VAN BUREN III ESQ | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
| KEITH D VANDERVENNET | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY ALLEN WALLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGARET G WARNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES C WHEAT III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN H WICK IV | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRACY FRIST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| R SACKETT WOOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| IRMA BECERRA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID W BUSHMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM C DUDLEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TRACY FITZSIMMONS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN F HALLOCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RANDALL PARKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN F HALLOCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY DANA HINTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT R LINDGREN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HAKIM LUCAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT D MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUE OTT ROWLANDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALISON MORRISON-SHETLAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK SHUSHOK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY P STEIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J LAWRENCE STIMPERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN W WELLS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DARYL WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MEREDITH WOO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LOCKE OGENS | PRESIDENT Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2023: 86 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW SHANK | PRESIDENT Officer | 40 | $280,708 | $51,790 |
| MARY-BETH JOHNSON | CHIEF OPERATING OFFICER Officer | 40 | $151,100 | $39,300 |
| A MARSHALL ACUFF JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY HOWELL AGEE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE F ALBRIGHT JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN C ASBURY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK BATTEN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE Y BIRDSONG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VICTOR K BRANCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES L CABELL ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN M CAMP III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VICTOR O CARDWELL ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THEODORE L CHANDLER JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| C LYNCH CHRISTIAN III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN R CLARK III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER A CONVERSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD CULLEN ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN MCNAMARA CURTIS SR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEVERLY E DALTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RUSS ELLET | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAUREN FISHER WHITE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CALVIN W FOWLER JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE C FREEMAN III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PALMER P GARSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS E GOODE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRAD N HALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| H HITER HARRISS III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL T HENGST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE C HOWELL III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN KENT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| C BURKE KING | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ESTHER C LEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES S LUCK IV | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CRAIG L MASSEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| W SHEPPARD MILLER III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| T JUSTIN MOORE III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THURSTON R MOORE ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SPENCER W MORTEN III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM L MURRAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK G MYKITYSHYN PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BERNARD A NEIMEIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL J O'NEILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM L PANNILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| L ALLAN PARROTT JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLOTTE PORTERFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIAN W QUIGLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS L RANSOM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARTER V REID | TRUSTEE Trustee or director | 1 | $0 | $0 |
| H MCGUIRE RILEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEWART D ROBERSON EDD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS D RUTHERFOORD JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY G SHOCKEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY R SHOOK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J KNOX SINGLETON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIAN K SKINNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT H SPILMAN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HUGH E TAYLOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BENITA THOMPSON-BYAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY R THOMSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM R VAN BUREN III ESQ | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
| KEITH D VANDERVENNET | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY ALLEN WALLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGARET G WARNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES C WHEAT III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN H WICK IV | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL WITYNSKI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| R SACKETT WOOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| IRMA BECERRA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID W BUSHMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM C DUDLEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TRACY FITZSIMMONS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN F HALLOCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAMELA FOX | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN F HALLOCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY DANA HINTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT R LINDGREN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HAKIM LUCAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT D MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUE OTT ROWLANDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALISON MORRISON-SHETLAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK SHUSHOK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY P STEIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J LAWRENCE STIMPERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN W WELLS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DARYL WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MEREDITH WOO | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 901 E BYRD ST, RICHMOND, VA 23219-4052
- Principal officer (990 for 2024)
- LOCKE OGENS, 901 EAST BYRD STREET 1625, RICHMOND, VA 23219
- Signed the 990
- LOCKE OGENS, PRESIDENT
- Phone
- (804) 288-6609
- Website
- WWW.VFIC.ORG
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
TO SECURE FINANCIAL SUPPORT THAT ENABLES COLLEGE-BOUND STUDENTS TO ACCESS AND GRADUATE FROM OUTSTANDING VIRGINIA INDEPENDENT HIGHER EDUCATION INSTITUTIONS.
Program accomplishments
- THE FOUNDATION PROVIDES ANNUAL UNRESTRICTED AND RESTRICTED CONTRIBUTIONS TO SUPPORT CRUCIAL NEEDS AT ITS SEVENTEEN MEMBER INSTITUTIONS, INCLUDING FUNDING FOR CAMPUS IMPROVEMENTS, SCHOLARSHIPS, ACADEMIC PROGRAM DEVELOPMENT, AND FACULTY DEVELOPMENT.Expenses $2,762,118 · grants $2,173,736
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
- 54-0554396
- 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
- 1953
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B42J)
- Assets (IRS master file)
- $45,063,696
- Income (IRS master file)
- $5,321,897
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,577,306 | $3,869,454 | $45,063,696 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $2,162,960 | $3,798,527 | $40,781,297 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $2,321,318 | $3,465,527 | $39,898,946 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $1,487,532 | $3,330,627 | $39,340,912 | 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 54-0554396).
Questions about VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES
- What is the EIN of VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES?
- The employer identification number (EIN) of VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES is 54-0554396.
- Is VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
- Are donations to VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES 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 FOUNDATION FOR INDEPENDENT COLLEGES 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 FOUNDATION FOR INDEPENDENT COLLEGES 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 FOUNDATION FOR INDEPENDENT COLLEGES?
- The 990 for the year ended June 30, 2025 names LOCKE OGENS.
- Who are the officers and directors of VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES?
- The 990 for the year ended June 30, 2025 lists 85 people; 4 received compensation from the organization, the highest $269,327 (LOCKE W OGENS, PRESIDENT).
- How much revenue does VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,577,306, expenses of $3,869,454 and total assets of $45,063,696 at year end.
Other nonprofits in RICHMOND
- UNIVERSITY OF RICHMOND EIN 54-0505965 · last filed 990 for 2025
- VIRGINIA EARLY CHILDHOOD FOUNDATION EIN 20-3970624 · last filed 990 for 2025
- MEDICAL COLLEGE OF VIRGINIA FOUNDATION EIN 54-6053660 · last filed 990 for 2025
- VIRGINIA UNION UNIVERSITY EIN 54-0524516 · last filed 990 for 2025
- COLLEGIATE SCHOOL EIN 54-0528203 · last filed 990 for 2025
- THE FAISON CENTER INC EIN 03-0387451 · last filed 990 for 2025
- VIRGINIA COMMONWEALTH UNIVERSITY FOUNDATION EIN 54-0757884 · last filed 990 for 2025
- ST CHRISTOPHERS SCHOOL FOUNDATION EIN 54-1727301 · last filed 990 for 2025