VIRGINIA TECH REAL ESTATE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

VIRGINIA TECH REAL ESTATE FOUNDATION INC

EIN 54-1528809

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $44.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

44.80%of revenue went to mission work44.4% of expenses · Program services

$100.83spent for every $100 of revenueSpending was higher than revenue this year.

56.03%of revenue went to management and office costs55.6% of expenses

$12.59in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $174,503 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $280,336 for DR TIMOTHY D SANDS (DIRECTOR (THRU 12/2024)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$21,053,814

Mission workProgram services$9,431,35544.80% of revenue44.4% of expenses

ManagementOffice and general costs$11,796,96256.03% of revenue55.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$21,228,317100.83% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 44.4% mission · 55.6% management · 0.0% fundraisingTotal expenses: 100.83% of revenue

2023Expense mix: 76.9% mission · 23.1% management · 0.0% fundraisingTotal expenses: 84.14% of revenue

2022Expense mix: 70.6% mission · 29.4% management · 0.0% fundraisingTotal expenses: 61.24% of revenue

2021Expense mix: 82.9% mission · 17.1% management · 0.0% fundraisingTotal expenses: 66.39% of revenue

2020Expense mix: 85.6% mission · 14.4% management · 0.0% fundraisingTotal expenses: 52.95% of revenue

2019Expense mix: 64.7% mission · 35.3% management · 0.0% fundraisingTotal expenses: 52.65% of revenue

2018Expense mix: 67.4% mission · 32.6% management · 0.0% fundraisingTotal expenses: 62.68% of revenue

2017Expense mix: 70.1% mission · 29.9% management · 0.0% fundraisingTotal expenses: 57.89% of revenue

Money in and money out

Revenue$21,053,814

Expenses$21,228,317

Annual shortfall $174,503 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$9,431,355 · 44.4% of expenses

Management and office costs$11,796,962 · 55.6% of expenses

See all reported dollar amounts

Revenue$21,053,814

Expenses$21,228,317

Assets$267,188,388

Income$21,053,814

Mission work (program services)$9,431,355

Management and general$11,796,962

Accounting fees$15,511

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR TIMOTHY D SANDSDIRECTOR (THRU 12/2024) · 2 hrs/week $280,336Base · Other $280,336

DR CYRIL R CLARKE - DIRECTORVT VP AND PROVOST (AS OF 01/2025) · 2 hrs/week $136,854Base · Other $136,854

ANNE B KEELERTREASURER · 2 hrs/week $60,406Base · Other $60,406

MR SIMON ALLEN- DIRECTORVT VPF AND CFO (AS OF 01/2025) · 2 hrs/week $46,706Base · Other $46,706

ELIZABETH A MCCLANAHANPRESIDENT · 10 hrs/week $43,750Base · Other $43,750

KENNETH SMITHSECRETARY · 2 hrs/week $34,187Base · Other $34,187

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

DR TIMOTHY D SANDSDIRECTOR (THRU 12/2024)

DR CYRIL R CLARKE - DIRECTORVT VP AND PROVOST (AS OF 01/2025)

ANNE B KEELERTREASURER

MR SIMON ALLEN- DIRECTORVT VPF AND CFO (AS OF 01/2025)

ELIZABETH A MCCLANAHANPRESIDENT

KENNETH SMITHSECRETARY

LAILA N ROSSIDIRECTOR (THRU 12/2024)

WILLIAM N PARK - CHAIRMAN(THRU 12/2024); DIRECTOR

STEPHEN T MASONDIRECTOR (THRU 12/2024)

SHIRISH S SATHAYEDIRECTOR (THRU 12/2024)

MS JANE C RATHBONEDIRECTOR (AS OF 01/2025)

MR WILLIS BLACKWOODDIRECTOR (AS OF 01/2025)

MR WILLIAM LAKE WAGNERDIRECTOR (AS OF 01/2025)

MR MICHAEL E MIKE MELODIRECTOR (AS OF 01/2025)

MR JAMES N STRAWBRIDGEDIRECTOR; CHAIRMAN (AS OF 01/2025)

MR J RYAN LINGERFELTVICE CHAIR (AS OF 01/2025)

MR HANCE WESTDIRECTOR (AS OF 01/2025)

MR DONALD B DON HALLIWILLDIRECTOR (AS OF 01/2025)

MR BRUCE W TYLERDIRECTOR (AS OF 01/2025)

KAREN COOKASSITANT SECRETARY

JACQUELINE L ARCHERDIRECTOR (THRU 12/2024)

J BENJAMIN DOUGHTIEDIRECTOR (THRU 12/2024)

GREGORY C THOMPSON - VICECHAIR (THRU 12/2024); DIRECTOR

GREGORY C GODSEYDIRECTOR (THRU 12/2024)

EDWARD H BAINEDIRECTOR (THRU 12/2024)

CHRISTOPHER W SHEANDIRECTOR (THRU 12/2024)

CHRISTOPHER M QUILLENDIRECTOR

About this charity

Recognized since: January 1990
Location: 902 PRICES FORK RD STE 4000, BLACKSBURG, VA 24060-3261
County: Montgomery
In care of: % DR JOHN E DOOLEY
Primary officer: ANNE KEELER, TREASURER

How to reach them

Phone(540) 231-5751

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: GRANT THORNTON ADVISORS LLC