VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL Charity Report

Public IRS 990 nonprofit record

VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL

EIN 54-1640716 · Community Improvement & Capacity Building (S41Z)

What they do

VIRGINIA BIOTECHNOLOGY RESEARCH PARK (THE ACTIVATION COUNCIL), AS AN ANCHOR for THE KNOWLEDGE-BASED COMMUNITY , WILL PROVIDE THE LEADERSHIP and VISION to THE RICHMOND REGIONAL INNOVATION ECOSYSTEM WITH A WILLINGNESS to INVENT, TAKE and MANAGE RISKS, and SHARE CREDIT for SUCCESS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $99.80 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 leaders18 people are listed in the latest report.

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

Money made simple

85.65%of revenue went to mission work99.8% of expenses · Program services

$85.78spent for every $100 of revenueRevenue covered expenses this year.

0.13%of revenue went to management and office costs0.2% of expenses

$0.95in assets for every $1 spent this yearSome assets cannot be spent right away.

97.9%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

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$1,526,377

Mission workProgram services$1,307,31185.65% of revenue99.8% of expenses

ManagementOffice and general costs$2,0320.13% of revenue0.2% of expenses

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

Revenue left after expensesReported annual surplus$217,03414.22% of revenueShown in gray on the chart

Total expenses$1,309,34385.78% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 99.8% mission · 0.2% management · 0.0% fundraisingTotal expenses: 85.78% of revenue

2023Expense mix: 95.5% mission · 4.5% management · 0.0% fundraisingTotal expenses: 108.92% of revenue

2022Expense mix: 95.7% mission · 4.3% management · 0.0% fundraisingTotal expenses: 134.56% of revenue

2021Expense mix: 86.7% mission · 10.9% management · 2.5% fundraisingTotal expenses: 74.80% of revenue

2020Expense mix: 91.3% mission · 5.9% management · 2.8% fundraisingTotal expenses: 69.00% of revenue

2019Expense mix: 67.5% mission · 29.0% management · 3.5% fundraisingTotal expenses: 73.64% of revenue

2018Expense mix: 62.2% mission · 32.3% management · 5.5% fundraisingTotal expenses: 86.36% of revenue

2017Expense mix: 89.1% mission · 8.6% management · 2.3% fundraisingTotal expenses: 142.41% of revenue

Money in and money out

Revenue$1,526,377

Expenses$1,309,343

Annual surplus $217,034 Revenue was higher than expenses 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)$1,307,311 · 99.8% of expenses

Management and office costs$2,032 · 0.2% of expenses

See all reported dollar amounts

Revenue$1,526,377

Expenses$1,309,343

Assets$1,249,291

Income$1,526,377

Contributions$1,494,770

Mission work (program services)$1,307,311

Grants given$1,467,500

Average grant$17,681

Management and general$2,032

People

Leadership and board

Tax year 2024

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (18)

JOHN A VITHOULKASSECRETARY

THE HON LEVAR STONEYDIRECTOR

THE HON CAREN MERRICKDIRECTOR

ROBERT KLEINDIRECTOR

RICHARD WINTSCHDIRECTOR

PAUL NOLDETREASURER

P SRIRAMA RAODIRECTOR

MICHAEL RAOCHAIR

LISA SIMSDIRECTOR

KAREN BOOTH ADAMSDIRECTOR

JOHN BUDESKYDIRECTOR

JENNIFER FINNVICE-CHAIR

GARRET WESTLAKEDIRECTOR

ERIN POWELLDIRECTOR / EXECUTIVE DIREC

ELIZABETH CREAMERDIRECTOR

DR JOSHEPH P CASEYDIRECTOR

CHANDRA BRIGGMANCEO

BRIAN ANDERSONDIRECTOR

About this charity

Recognized since: January 1993
Location: 800 EAST LEIGH STREET, RICHMOND, VA 23219-1551
County: City of Richmond
In care of: BETH O'DONNELL
Primary officer: BETH ODONNELL, VICE PESIDENT OF FINANCE

How to reach them

WebsiteVisit the charity’s website Phone(804) 828-0963

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: FRANK BARCALOW CPA PLLC
NTEE classification: Community Improvement & Capacity Building (S41Z)
Grant-giving organization: Yes