Nonprofit · EIN 54-1528809
VIRGINIA TECH REAL ESTATE FDN
Tax-exempt · BLACKSBURG, VA 24060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $21,053,814 | $21,228,317 | -$174,503 | $267,188,388 | $181,505,261 | $85,683,127 |
| June 30, 2024 | 990 | $21,286,676 | $17,910,838 | $3,375,838 | $287,037,326 | $183,930,258 | $103,107,068 |
| June 30, 2023 | 990 | $20,986,553 | $12,851,403 | $8,135,150 | $319,536,033 | $206,560,701 | $112,975,332 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $20,290,693
- Investment income
- $763,121
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $497,373
- Accounting fees
- $15,511
- Occupancy
- $1,130,167
- Travel
- $671
- Depreciation
- $3,146,787
- Program services (functional)
- $9,431,355
- Management and general (functional)
- $11,796,962
Balance sheet and other
- Total assets, start of year
- $287,037,326
- Total assets, end of year
- $267,188,388
- Total liabilities, end of year
- $181,505,261
- Net assets, end of year
- $85,683,127
- Land, buildings and equipment
- $146,424,642
- Net assets without donor restrictions
- $81,015,159
- Net assets with donor restrictions
- $4,667,968
- Gross receipts
- $21,053,814
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1989
- 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 TIMOTHY D SANDS | DIRECTOR (THRU 12/2024) Trustee or director | 2 | $0 | $984,449 | $280,336 |
| ELIZABETH A MCCLANAHAN | PRESIDENT Officer | 10 | $0 | $868,291 | $43,750 |
| DR CYRIL R CLARKE - DIRECTOR | VT VP AND PROVOST (AS OF 01/2025) Trustee or director | 2 | $0 | $617,216 | $136,854 |
| ANNE B KEELER | TREASURER Officer | 2 | $0 | $360,297 | $60,406 |
| MR SIMON ALLEN- DIRECTOR | VT VPF AND CFO (AS OF 01/2025) Trustee or director | 2 | $0 | $315,046 | $46,706 |
| KENNETH SMITH | SECRETARY Officer | 2 | $0 | $306,651 | $34,187 |
| WILLIAM N PARK - CHAIRMAN | (THRU 12/2024); DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MR JAMES N STRAWBRIDGE | DIRECTOR; CHAIRMAN (AS OF 01/2025) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| GREGORY C THOMPSON - VICE | CHAIR (THRU 12/2024); DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MR J RYAN LINGERFELT | VICE CHAIR (AS OF 01/2025) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JACQUELINE L ARCHER | DIRECTOR (THRU 12/2024) Trustee or director | 2 | $0 | $0 | $0 |
| EDWARD H BAINE | DIRECTOR (THRU 12/2024) Trustee or director | 2 | $0 | $0 | $0 |
| MR WILLIS BLACKWOOD | DIRECTOR (AS OF 01/2025) Trustee or director | 2 | $0 | $0 | $0 |
| J BENJAMIN DOUGHTIE | DIRECTOR (THRU 12/2024) Trustee or director | 2 | $0 | $0 | $0 |
| GREGORY C GODSEY | DIRECTOR (THRU 12/2024) Trustee or director | 2 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR DONALD B DON HALLIWILL | DIRECTOR (AS OF 01/2025) Trustee or director | 2 | $0 |
| STEPHEN T MASON | DIRECTOR (THRU 12/2024) Trustee or director | 2 | $0 |
| MR MICHAEL E 'MIKE MELO | DIRECTOR (AS OF 01/2025) Trustee or director | 2 | $0 |
| CHRISTOPHER M QUILLEN | DIRECTOR Trustee or director | 2 | $0 |
| MS JANE C RATHBONE | DIRECTOR (AS OF 01/2025) Trustee or director | 2 | $0 |
| LAILA N ROSSI | DIRECTOR (THRU 12/2024) Trustee or director | 2 | $0 |
| SHIRISH S SATHAYE | DIRECTOR (THRU 12/2024) Trustee or director | 2 | $0 |
| CHRISTOPHER W SHEAN | DIRECTOR (THRU 12/2024) Trustee or director | 2 | $0 |
| MR BRUCE W TYLER | DIRECTOR (AS OF 01/2025) Trustee or director | 2 | $0 |
| MR WILLIAM LAKE WAGNER | DIRECTOR (AS OF 01/2025) Trustee or director | 2 | $0 |
| MR HANCE WEST | DIRECTOR (AS OF 01/2025) Trustee or director | 2 | $0 |
| KAREN COOK | ASSITANT SECRETARY Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR TIMOTHY D SANDS | DIRECTOR Trustee or director | 2 | $0 | $829,304 | $376,205 |
| ELIZABETH A MCCLANAHAN | PRESIDENT Officer | 10 | $0 | $669,577 | $36,741 |
| TERRI T MITCHELL | SECRETARY (THRU 05/2024) Officer | 2 | $0 | $269,127 | $67,769 |
| ANNE B KEELER | TREASURER Officer | 2 | $0 | $191,923 | $31,647 |
| KAREN E COOK | ASSISTANT SECRETARY (AS OF 05/2024) Officer | 2 | $0 | $93,985 | $38,966 |
| KENNETH SMITH | SECRETARY (AS OF 05/2024) Officer | 2 | $0 | $110,207 | $12,094 |
| STARLETTE B JOHNSON | CHAIRMAN (THRU 09/2023) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| WILLIAM N PARK | CHAIRMAN (AS OF 09/2023) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| GREGORY C THOMPSON | VICE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| JACQUELINE L ARCHER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| EDWARD H BAINE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTOPHER J BRIGHTMAN | DIRECTOR (THRU 09/2023) Trustee or director | 2 | $0 | $0 | $0 |
| J BENJAMIN DOUGHTIE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GREGORY C GODSEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STEPHEN T MASON | DIRECTOR (AS OF 09/2023) Trustee or director | 2 | $0 | $0 | $0 |
| RENAE C PEARSON | DIRECTOR (THRU 09/2023) Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTOPHER M QUILLEN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LAILA N ROSSI | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SHIRISH S SATHAYE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTOPHER W SHEAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JAMES N STRAWBRIDGE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR TIMOTHY D SANDS | DIRECTOR Trustee or director | 2 | $0 | $812,851 | $84,030 |
| ELIZABETH A MCCLANAHAN | PRESIDENT Officer | 2 | $0 | $595,400 | $33,333 |
| JACQUELINE L ARCHER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| EDWARD H BAINE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTOPHER J BRIGHTMAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| J BENJAMIN DOUGHTIE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GREGORY C GODSEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STARLETTE B JOHNSON | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| WILLIAM N PARK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| RENAE C PEARSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTOPHER M QUILLEN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LAILA N ROSSI | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SHIRISH S SATHAYE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTOPHER W SHEAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JAMES N STRAWBRIDGE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GREGORY C THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 902 PRICES FORK RD STE 4000, BLACKSBURG, VA 24060-3261
- In care of
- % DR JOHN E DOOLEY
- Principal officer (990 for 2024)
- ELIZABETH A MCCLANAHAN, 902 PRICES FORK RD 4000, BLACKSBURG, VA 24061
- Signed the 990
- ANNE KEELER, TREASURER
- Phone
- (540) 231-5751
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
VIRGINIA TECH REAL ESTATE FOUNDATION, INC. (VTREF) WAS ORGANIZED SOLELY FOR THE BENEFIT OF VIRGINIA TECH AND VIRGINIA TECH FOUNDATION INC. VTREF IS TO ENGAGE IN MATTERS PERTAINING TO CERTAIN REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY.
Program accomplishments
- VTREF ENGAGED IN ACTIVITIES PERTAINING TO THE OWNERSHIP, DEVELOPMENT AND OPERATION OF VARIOUS PROPERTIES IN SUPPORT OF VIRGINIA TECH AND VIRGINIA TECH FOUNDATION.Expenses $9,431,355 · revenue $18,187,007
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
- 54-1528809
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $267,188,388
- Income (IRS master file)
- $21,053,814
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $21,053,814 | $21,228,317 | $267,188,388 | IRS |
| 990 | June 2024 | $21,286,676 | $17,910,838 | $287,037,326 | IRS |
| 990 | June 2023 | $20,986,553 | $12,851,403 | $319,536,033 | XML |
| 990 | June 2022 | $14,535,545 | $9,650,433 | $287,318,402 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 54-1528809).
Questions about VIRGINIA TECH REAL ESTATE FDN
- What is the EIN of VIRGINIA TECH REAL ESTATE FDN?
- The employer identification number (EIN) of VIRGINIA TECH REAL ESTATE FDN is 54-1528809.
- Is VIRGINIA TECH REAL ESTATE FDN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to VIRGINIA TECH REAL ESTATE FDN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does VIRGINIA TECH REAL ESTATE FDN 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 REAL ESTATE FDN 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 REAL ESTATE FDN 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 REAL ESTATE FDN?
- The 990 for the year ended June 30, 2025 names ELIZABETH A MCCLANAHAN.
- Who are the officers and directors of VIRGINIA TECH REAL ESTATE FDN?
- The 990 for the year ended June 30, 2025 lists 27 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA TECH REAL ESTATE FDN have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $21,053,814, expenses of $21,228,317 and total assets of $267,188,388 at year end.
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