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Nonprofiteer
← VIRGINIA INNOVATION PARTNERSHIP CORPORATION

Form 990 for tax year 2023

Filed by VIRGINIA INNOVATION PARTNERSHIP CORPORATION.

Totals

Total revenue
$47,361,433
Total expenses
$39,383,995
Contributions and grants received
$17,267,032
Grants paid
$8,044,452
Program services expenses (Part IX)
$33,100,775
Management and general expenses
$6,283,220
Fundraising expenses
$0
Program service expenses (Part III)
$33,100,775

Program services were 84.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RITA ROY

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • BARBARA BOYAN

    CHAIR THRU 12/2023 , DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MONIQUE ADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SHASHIKANT GUPTA

    DIRECTOR FROM 5/2024

    Total calculated
    $0
    Hours/week
    1

  • RICHARD HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS LONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROB QUARTEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELLEY POWELL WILLIAMSON

    DIRECTOR FROM 8/2023

    Total calculated
    $0
    Hours/week
    1

  • LINDSAY WINTER

    DIRECTOR FROM 8/2023

    Total calculated
    $0
    Hours/week
    1

  • THE HONORABLE CAREN MERRICK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BOB STOLLE

    PRESIDENT & CEO THRU 11/2023

    Total calculated
    $332,135
    From this org
    $278,037
    From related orgs
    $0
    Other
    $54,098
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,000
    Bonus
    $0
    Other
    $3,037
    Deferred
    $33,000
    Nontaxable benefits
    $21,098
    Filer's total
    $332,135

  • JOE BENVENTO

    PRESIDENT & CEO FROM 4/2024

    Total calculated
    $0
    Hours/week
    40

  • SUSAN AITCHESON

    CFO TO 2/2024

    Total calculated
    $314,715
    From this org
    $270,100
    From related orgs
    $0
    Other
    $44,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,090
    Bonus
    $0
    Other
    $2,010
    Deferred
    $32,171
    Nontaxable benefits
    $12,444
    Filer's total
    $314,715

  • TOM WEITMAN

    CIO & VP

    Total calculated
    $375,827
    From this org
    $305,775
    From related orgs
    $0
    Other
    $70,052
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $303,765
    Bonus
    $0
    Other
    $2,010
    Deferred
    $36,452
    Nontaxable benefits
    $33,600
    Filer's total
    $375,827

  • DAVE IHRIE

    CHIEF TECH OFFICER

    Total calculated
    $330,336
    From this org
    $274,748
    From related orgs
    $0
    Other
    $55,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,435
    Bonus
    $0
    Other
    $3,313
    Deferred
    $32,572
    Nontaxable benefits
    $23,016
    Filer's total
    $330,336

  • SEAN MALLON

    VP COMMERCIALIZATION

    Total calculated
    $274,138
    From this org
    $224,373
    From related orgs
    $0
    Other
    $49,765
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,855
    Bonus
    $0
    Other
    $1,518
    Deferred
    $26,743
    Nontaxable benefits
    $23,022
    Filer's total
    $274,138

  • MARCO RUBIN

    DIR INVESTMENT SVCS

    Total calculated
    $266,955
    From this org
    $218,018
    From related orgs
    $0
    Other
    $48,937
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,008
    Bonus
    $0
    Other
    $2,010
    Deferred
    $25,921
    Nontaxable benefits
    $23,016
    Filer's total
    $266,955

  • CONAWAY HASKINS

    VP ENTREPRENUERIAL

    Total calculated
    $243,680
    From this org
    $187,670
    From related orgs
    $0
    Other
    $56,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,750
    Bonus
    $0
    Other
    $920
    Deferred
    $22,410
    Nontaxable benefits
    $33,600
    Filer's total
    $243,680

  • ANGELA COSTELLO

    VP MARKETING

    Total calculated
    $244,278
    From this org
    $188,268
    From related orgs
    $0
    Other
    $56,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,750
    Bonus
    $0
    Other
    $1,518
    Deferred
    $22,410
    Nontaxable benefits
    $33,600
    Filer's total
    $244,278

  • ALEX EULER

    DIR INVESTMENT SVCS

    Total calculated
    $231,536
    From this org
    $186,277
    From related orgs
    $0
    Other
    $45,259
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,357
    Bonus
    $0
    Other
    $920
    Deferred
    $22,243
    Nontaxable benefits
    $23,016
    Filer's total
    $231,536

  • JEN O'DANIEL

    DIR INVESTMENT SVCS

    Total calculated
    $223,186
    From this org
    $188,357
    From related orgs
    $0
    Other
    $34,829
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,543
    Bonus
    $1,000
    Other
    $814
    Deferred
    $22,385
    Nontaxable benefits
    $12,444
    Filer's total
    $223,186

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
SPECIFIC TO THE PRESIDENT AND CEO, AN EXECUTIVE SEARCH FIRM CONDUCTED A NATIONWIDE SEARCH. HIGHLY RATED CANDIDATES WERE INTERVIEWED BY INTERNAL AND EXTERNAL STAKEHOLDERS. UPON FINAL CANDIDATE SELECTION, A MARKET RATE ASSESSMENT OF COMPENSATION WAS BASELINED AGAINST COMPARABLES. COMPENSATION WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349313249

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.