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Nonprofiteer
← UNIVERSITY OF VIRGINIA INVESTMENT MANAGEMENT COMPANY

Form 990 for tax year 2022

Filed by UNIVERSITY OF VIRGINIA INVESTMENT MANAGEMENT COMPANY.

Totals

Total revenue
$355,289,212
Total expenses
$32,219,659
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$25,466,088
Management and general expenses
$6,753,571
Fundraising expenses
$0
Program service expenses (Part III)
$25,466,088

Program services were 79.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ROBERT W DURDEN

    CEO/CIO

    Total calculated
    $6,341,212
    From this org
    $4,283,127
    From related orgs
    $0
    Other
    $2,058,085
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $732,054
    Bonus
    $245,000
    Other
    $3,306,073
    Deferred
    $2,031,720
    Nontaxable benefits
    $26,365
    Filer's total
    $6,341,212

  • E SARGENT MCGOWAN

    MANAGING DIRECTOR

    Total calculated
    $3,497,432
    From this org
    $2,482,110
    From related orgs
    $0
    Other
    $1,015,322
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $450,302
    Bonus
    $132,000
    Other
    $1,899,808
    Deferred
    $991,720
    Nontaxable benefits
    $23,602
    Filer's total
    $3,497,432

  • LINDSAY R LARSEN

    MANAGING DIRECTOR

    Total calculated
    $2,911,102
    From this org
    $2,066,424
    From related orgs
    $0
    Other
    $844,678
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $399,033
    Bonus
    $135,000
    Other
    $1,532,391
    Deferred
    $831,720
    Nontaxable benefits
    $12,958
    Filer's total
    $2,911,102

  • JASON M LOVE

    MANAGING DIRECTOR

    Total calculated
    $2,612,599
    From this org
    $1,911,390
    From related orgs
    $0
    Other
    $701,209
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $393,929
    Bonus
    $231,000
    Other
    $1,286,461
    Deferred
    $671,720
    Nontaxable benefits
    $29,489
    Filer's total
    $2,612,599

  • KRISTINA M ALIMARD

    CHIEF OPERATING OFFICER

    Total calculated
    $1,932,873
    From this org
    $951,866
    From related orgs
    $0
    Other
    $981,007
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $541,293
    Bonus
    $0
    Other
    $410,573
    Deferred
    $950,720
    Nontaxable benefits
    $30,287
    Filer's total
    $1,932,873

  • ERIC J BUNDONIS

    MANAGING DIRECTOR

    Total calculated
    $1,372,258
    From this org
    $835,909
    From related orgs
    $0
    Other
    $536,349
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $376,289
    Bonus
    $218,500
    Other
    $241,120
    Deferred
    $511,720
    Nontaxable benefits
    $24,629
    Filer's total
    $1,372,258

  • J MATTHEW DORCHUCK

    DIRECTOR

    Total calculated
    $1,337,797
    From this org
    $814,055
    From related orgs
    $0
    Other
    $523,742
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $310,056
    Bonus
    $150,000
    Other
    $353,999
    Deferred
    $511,720
    Nontaxable benefits
    $12,022
    Filer's total
    $1,337,797

  • JOHN M WINN

    GEN CNSL/CCO & SECRETARY

    Total calculated
    $1,319,328
    From this org
    $733,207
    From related orgs
    $0
    Other
    $586,121
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $359,017
    Bonus
    $750
    Other
    $373,440
    Deferred
    $556,720
    Nontaxable benefits
    $29,401
    Filer's total
    $1,319,328

  • JENNIFER W DAVIS

    DIRECTOR

    Total calculated
    $891,382
    From this org
    $0
    From related orgs
    $720,061
    Other
    $171,321
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $642,074 related
    Bonus
    $0 + $63,920 related
    Other
    $0 + $14,067 related
    Deferred
    $0 + $133,344 related
    Nontaxable benefits
    $0 + $37,977 related
    Filer's total
    $0 + $891,382 related

  • ALLISON P GILLAM

    CHIEF FINANCIAL OFFICER

    Total calculated
    $850,649
    From this org
    $538,255
    From related orgs
    $0
    Other
    $312,394
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $287,189
    Bonus
    $250,000
    Other
    $1,066
    Deferred
    $281,165
    Nontaxable benefits
    $31,229
    Filer's total
    $850,649

  • BLAKE A FISCHER

    DIRECTOR OF TECHNOLOGY

    Total calculated
    $557,305
    From this org
    $503,475
    From related orgs
    $0
    Other
    $53,830
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $247,415
    Bonus
    $255,000
    Other
    $1,060
    Deferred
    $27,835
    Nontaxable benefits
    $25,995
    Filer's total
    $557,305

  • ADRIENNE C CLOUGH

    MANAGING DIRECTOR BEG 8/22

    Total calculated
    $430,667
    From this org
    $409,464
    From related orgs
    $0
    Other
    $21,203
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,091
    Bonus
    $250,000
    Other
    $373
    Deferred
    $20,923
    Nontaxable benefits
    $280
    Filer's total
    $430,667

  • ROBERT S HAMEL

    DIRECTOR

    Total calculated
    $423,462
    From this org
    $388,207
    From related orgs
    $0
    Other
    $35,255
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $216,363
    Bonus
    $170,000
    Other
    $1,844
    Deferred
    $25,245
    Nontaxable benefits
    $10,010
    Filer's total
    $423,462

  • JEFFERY M BARNES

    DIRECTOR

    Total calculated
    $422,646
    From this org
    $369,541
    From related orgs
    $0
    Other
    $53,105
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $218,529
    Bonus
    $150,000
    Other
    $1,012
    Deferred
    $25,800
    Nontaxable benefits
    $27,305
    Filer's total
    $422,646

  • MARILYN K PERKINS

    SENIOR ASSOCIATE

    Total calculated
    $377,241
    From this org
    $327,013
    From related orgs
    $0
    Other
    $50,228
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $191,452
    Bonus
    $135,000
    Other
    $561
    Deferred
    $23,703
    Nontaxable benefits
    $26,525
    Filer's total
    $377,241

  • MITCHELL R COHEN

    CHAIR - BOD

    Total calculated
    $0
    Hours/week
    2

  • JOHN B HARRIS JR

    DIRECTOR END 6/23

    Total calculated
    $0
    Hours/week
    2

  • MEREDITH B JENKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN G MACFARLANE III

    DIRECTOR END 6/23

    Total calculated
    $0
    Hours/week
    2

  • MERYL B WITMER

    DIRECTOR END 12/22

    Total calculated
    $0
    Hours/week
    2

  • TIMOTHY P O'HARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HENRY H MCVEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • THOMAS J BALTIMORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN P CONNAUGHTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANDREW T MULDERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMES B MURRAY JR

    DIRECTOR BEG 7/22

    Total calculated
    $0
    Hours/week
    2 + 2 related

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

  • 1a · First-class or charter travel
  • 1a · Tax indemnification and gross-up payments
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A
IN LIMITED CIRCUMSTANCES, THE USE OF FIRST-CLASS AIRFARE WAS APPROVED FOR THE PURPOSE OF TRAVELING TO UVIMCO BUSINESS MEETINGS. THESE TRAVEL EXPENSES ARE INCURRED FOR BUSINESS PURPOSES AND ARE NOT TREATED AS TAXABLE COMPENSATION. FOR CERTAIN LIMITED TAXABLE BENEFITS, ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE TAX GROSS-UP PAYMENTS.
SCHEDULE J, PART I, LINE 1B
UVIMCO DOES NOT HAVE A WRITTEN POLICY SPECIFIC TO TAX GROSS-UP PAYMENTS. IN 2022 UVIMCO PAID THE TAXES ON LIMITED TAXABLE FRINGE BENEFIT EXPENSES.
SCHEDULE J, PART I, LINE 4B
UVIMCO MADE PAYMENTS FROM THE UVIMCO INCENTIVE COMPENSATION PLAN, A NONQUALIFIED INCENTIVE PLAN UNDER IRC SECTION 457(F). CALCULATION OF LONG-TERM INCENTIVE COMPENSATION IS BASED ON UVIMCO'S NET THREE-YEAR PERFORMANCE, VERSUS POLICY PORTFOLIO. 2022 COMPENSATION REPORTED IN PART II RELATED TO THE UVIMCO INCENTIVE COMPENSATION PLAN IS DETAILED BELOW: PARTICIPANT PART II, PART II, PART II, COL B(III) COL C COL F OTHER REPORTABLE DEFERRED (REPORTED ON COMPENSATION COMP. PRIOR FORM 990) ROBERT W. DURDEN $2,858,773 $2,000,000 $ 1,705,051 E. SARGENT MCGOWAN 1,414,917 960,000 592,424 LINDSAY R. LARSEN 1,134,577 800,000 843,394 JASON M. LOVE 987,798 640,000 662,667 ERIC J. BUNDONIS 240,000 480,000 - J. MATTHEW DORCHUCK 353,567 480,000 119,394 IN 2022 UVIMCO DEFERRED CERTAIN DISCRETIONARY CASH BONUSES UNDER TERMS OF A DEFERRED COMPENSATION AGREEMENT UNDER IRC SECTION 457(F). AMOUNTS DEFERRED UNDER THE AGREEMENT ARE REPORTED IN COLUMN C, RETIREMENT AND OTHER DEFERRED COMPENSATION, AS DETAILED BELOW: PARTICIPANT PART II, PART II, PART II, COL B(III) COL C COL F OTHER REPORTABLE DEFERRED (REPORTED ON COMPENSATION COMP. PRIOR FORM 990) ROBERT W. DURDEN $445,910 - $300,000 E. SARGENT MCGOWAN 483,070 - 325,000 LINDSAY R. LARSEN 297,274 - 200,000 JASON M. LOVE 297,274 - 200,000 KRISTINA M. ALIMARD 408,751 919,000 275,000 JOHN M. WINN 371,592 525,000 250,000 ALLISON P. GILLAM - 250,000 - SCHEDULE J, PART II, COLUMN B(III) INCLUDES TAXABLE FRINGE BENEFITS IN ADDITION TO THE IRC SECTION 457(F) AMOUNTS SHOWN ABOVE FOR THE INCENTIVE COMPENSATION PLAN AND DEFERRED COMPENSATION AGREEMENTS. JENNIFER W. DAVIS IS EMPLOYED BY THE UNIVERSITY OF VIRGINIA. SHE PARTICIPATED IN A SUPPLEMENTAL, NONQUALIFIED RETIREMENT PLAN UNDER IRC SECTION 415(M), WHICH IS SPONSORED BY THE UNIVERSITY OF VIRGINIA. AMOUNTS DEFERRED UNDER THE AGREEMENT ARE REPORTED IN COLUMN C, RETIREMENT AND OTHER DEFERRED COMPENSATION.
SCHEDULE J, PART I, LINE 7
CURRENT UVIMCO EMPLOYEES LISTED IN FORM 990, PART VII, SECTION A, LINE 1A WERE ELIGIBLE FOR NON-FIXED PAYMENTS IN THE FORM OF DISCRETIONARY CASH BONUSES BASED ON INDIVIDUAL PERFORMANCE DURING FISCAL YEAR 2022, WHICH ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B (II).

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

No itemized grants to organizations on this return.

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349311605

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