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Nonprofiteer
← MEDICAL COLLEGE OF VIRGINIA FOUNDATION

Form 990 for tax year 2024

Filed by MEDICAL COLLEGE OF VIRGINIA FOUNDATION.

Totals

Total revenue
$84,215,955
Total expenses
$84,259,876
Contributions and grants received
$65,704,897
Grants paid
$73,538,488
Program services expenses (Part IX)
$73,538,488
Management and general expenses
$9,402,246
Fundraising expenses
$1,319,142
Program service expenses (Part III)
$73,538,488

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DARIUS A JOHNSON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH ANNE WHALLEY ESQ

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ERNESTO V SAMPSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephen J Gaidos

    Chair-Elect

    Total calculated
    $0
    Hours/week
    1

  • ALEX CECIL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • D OSCARLYN ELDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANNY AVULA MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOROTHY KEE TILGHMAN RABB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH HOPKINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELLEN E SPONG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GHULAM D QURESHI MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • H FREDERICK T MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • I LEE CHAPMAN IV

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J KEITH MIDDLETON

    TRUSTEE (THRU 06.25)

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER F FLINCHUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER J WOLD

    TRUSTEE (as of 07.24)

    Total calculated
    $0
    Hours/week
    1

  • JUDITH FOREHAND STARKEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHRYN ELIZABETH JARVIS SCOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LOUIS FORMICA DDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LOUISE WOLTZ SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARLON F LEVY MD

    TRUSTEE-EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL BISCEGLIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL RAO PHD

    TRUSTEE-EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • MICHELE A ROMANO MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MOSES FOSTER JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NUPA AGARWAL ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAUL W CROSTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER FARRELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RACHEL YOST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT C CANFIELD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT L FINDLING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHEILA A CORCORAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHERYL L GARLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephan DAVIS DNP MHSA FACH

    TRUSTEE (THRU 07.24)

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN MCCARTHY GODDARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUSAN G KORNSTEIN MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • T SPENCER WILLIAMSON

    TRUSTEE (THRU 07.24)

    Total calculated
    $0
    Hours/week
    1

  • TRACY KEMP STALLINGS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • W TAYLOR REVELEY III JD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WYATT S BEAZLEY IV JD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIAN THOMAS

    EVP AND CHIEF DEVELOPMENT OFFICER

    Total calculated
    $378,250
    From this org
    $336,318
    From related orgs
    $0
    Other
    $41,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $326,318
    Bonus
    $10,000
    Other
    $0
    Deferred
    $33,632
    Nontaxable benefits
    $8,300
    Filer's total
    $378,250

  • DAVID SILVER

    VP FOR FINANCE & ADMINISTRATION AND CFO

    Total calculated
    $364,327
    From this org
    $322,752
    From related orgs
    $0
    Other
    $41,575
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,752
    Bonus
    $25,000
    Other
    $0
    Deferred
    $32,275
    Nontaxable benefits
    $9,300
    Filer's total
    $364,327

  • MARGARET ANN BOLLMEIER

    PRESIDENT AND CEO

    Total calculated
    $515,432
    From this org
    $461,029
    From related orgs
    $0
    Other
    $54,403
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $405,347
    Bonus
    $55,682
    Other
    $0
    Deferred
    $46,103
    Nontaxable benefits
    $8,300
    Filer's total
    $515,432

  • ERIC PETERS

    VP FOR COMMUNICATIONS

    Total calculated
    $220,525
    From this org
    $192,932
    From related orgs
    $0
    Other
    $27,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,932
    Bonus
    $15,000
    Other
    $0
    Deferred
    $19,293
    Nontaxable benefits
    $8,300
    Filer's total
    $220,525

  • JULIE SEARS

    DIRECTOR OF FINANCIAL MGMT AND CONTROLLER

    Total calculated
    $222,205
    From this org
    $194,459
    From related orgs
    $0
    Other
    $27,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,459
    Bonus
    $5,000
    Other
    $0
    Deferred
    $19,446
    Nontaxable benefits
    $8,300
    Filer's total
    $222,205

  • SARA CURRY

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $174,340
    From this org
    $158,491
    From related orgs
    $0
    Other
    $15,849
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,491
    Bonus
    $3,000
    Other
    $0
    Deferred
    $15,849
    Nontaxable benefits
    $0
    Filer's total
    $174,340

  • CHRISTOPHER AYERS

    ASSOC DIRECTOR OF FINANCIAL SYSTEMS & REPORTING

    Total calculated
    $147,688
    From this org
    $130,489
    From related orgs
    $0
    Other
    $17,199
    Hours/week
    40

  • CRYSTAL PURYEAR

    SR EXECUTIVE ASSISTANT TO CEO AND PRESIDENT

    Total calculated
    $127,654
    From this org
    $108,504
    From related orgs
    $0
    Other
    $19,150
    Hours/week
    40

  • GINA PADRONE

    ASSOC DIRECTOR OF TREASURY & INVESTMENT ACCTG

    Total calculated
    $147,167
    From this org
    $130,015
    From related orgs
    $0
    Other
    $17,152
    Hours/week
    40

  • PAUL BROCKWELL

    SR ASSOC DIRECTOR OF COMMUNICATIONS

    Total calculated
    $132,329
    From this org
    $112,754
    From related orgs
    $0
    Other
    $19,575
    Hours/week
    40

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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees
THE VICE PRESIDENT OF DEVELOPMENT (FUNDRAISING) IS REIMBURSED FOR MONTHLY MEMBERSHIP DUES TO A SOCIAL CLUB IN DOWNTOWN RICHMOND THAT SERVES FOOD AND PROVIDES EVENT SPACE AND CATERING FOR FOUNDATION BUSINESS MEETINGS AND FUNDRAISING RELATED EVENTS. THE MEMBERSHIP DUES REIMBURSEMENT IS TREATED AS A NON-TAXABLE BUSINESS EXPENSE REIMBURSEMENT TO THE RECIPIENT.

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

  • VCUVCU HEALTH CAMPUS

    $73,538,488

    TO AID, STRENGTHEN AND EXTEND WORK OF VCU/VCU HEALTH CAMPUS (FACULTY SALARIES PAID TO VCU). EDUCATION, RESEARCH AND GENERAL EXPENSES FOR VCU/VCU HEALTH CAMPUS AND SCHOLARSHIPS AND AWARDS.

Provenance

Return type
form_990
Tax year
2024
Filed
16 April 2026
IRS schema version
2024v5.1
Source object
202631069349300903

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

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