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Nonprofiteer
← UNIVERSITY OF RICHMOND

Form 990 for tax year 2023

Filed by UNIVERSITY OF RICHMOND.

Totals

Total revenue
$498,322,761
Total expenses
$475,875,875
Contributions and grants received
$30,385,865
Grants paid
$103,745,844
Program service revenue
$253,175,630
Investment income
$172,142,875
Other revenue
$42,618,391
Total assets, end of year
$3,817,484,671
Total liabilities, end of year
$389,484,450
Net assets or fund balances, end of year
$3,428,000,221
Program services expenses (Part IX)
$398,404,843
Management and general expenses
$59,616,787
Fundraising expenses
$17,854,245
Program service expenses (Part III)
$398,404,843

Program services were 83.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,184,870

  • 1f · All other contributions, gifts and grants

    $27,200,995

  • 1g · Noncash contributions included above

    $1,467,773

  • 2a · Program service revenue: TUITION & FEES

    total $233,309,630 · related or exempt $233,309,630

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $19,613,811 · related or exempt $19,045,224 · unrelated business $568,587

  • 2c · Program service revenue: SUMMER CAMPS & CONFERENCES

    total $252,189 · unrelated business $252,189

  • 3 · Investment income

    total $180,270,088 · unrelated business $17,348,429 · excluded $162,921,659

  • 4 · Income from investment of tax-exempt bond proceeds

    total $1,373,697 · excluded $1,373,697

  • 5 · Royalties

    total $101,648 · related or exempt $101,648

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $895,539,208 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $902,085,260 · other assets $2,954,858

  • 7c · Gain or loss

    securities -$6,546,052 · other assets -$2,954,858

  • 7d · Net gain or loss

    total -$9,500,910 · excluded -$9,500,910

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $27,062,433

  • 10b · Cost of goods sold

    $9,621,001

  • 10c · Net income from sales of inventory

    total $17,441,432 · related or exempt $17,433,931 · unrelated business $7,501

  • 11a · Other revenue: INVESTMENT MANAGEMENT

    total $14,220,202 · unrelated business $14,220,202

  • 11b · Other revenue: ATHLETICS REVENUE

    total $7,170,556 · related or exempt $7,170,556

  • 11c · Other revenue: OTHER MISCELLANEOUS INCOME

    total $3,684,553 · related or exempt $3,009,978 · unrelated business $674,575

  • 11e · Other revenue, total

    $25,075,311

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,157 · program services $18,157

  • 2 · Grants to domestic individuals

    total $97,300,367 · program services $97,300,367

  • 3 · Grants to foreign organizations and individuals

    total $6,427,320 · program services $6,427,320

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $6,337,520 · program services $1,176,495 · management and general $5,161,025

  • 6 · Compensation of disqualified persons

    total $953,910 · management and general $953,910

  • 7 · Other salaries and wages

    total $174,542,996 · program services $139,844,609 · management and general $27,099,484 · fundraising $7,598,903

  • 8 · Pension plan contributions

    total $13,294,458 · program services $10,533,012 · management and general $2,187,976 · fundraising $573,470

  • 9 · Other employee benefits

    total $23,145,007 · program services $18,002,795 · management and general $4,210,007 · fundraising $932,205

  • 10 · Payroll taxes

    total $12,781,049 · program services $9,931,422 · management and general $2,313,948 · fundraising $535,679

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $757,636 · program services $59,398 · management and general $698,238

  • 11c · Fees: accounting

    total $1,466,529 · management and general $1,466,529

  • 11d · Fees: lobbying

    total $5,266 · management and general $5,266

  • 11e · Fees: professional fundraising services

    total $268,877 · fundraising $268,877

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $22,422,046 · program services $17,033,805 · management and general $3,851,176 · fundraising $1,537,065

  • 12 · Advertising and promotion

    total $2,217,715 · program services $1,254,711 · management and general $155,102 · fundraising $807,902

  • 13 · Office expenses

    total $12,029,652 · program services $9,212,909 · management and general $1,842,467 · fundraising $974,276

  • 14 · Information technology

    total $4,030,056 · program services $2,877,938 · management and general $1,150,295 · fundraising $1,823

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $16,511,685 · program services $12,977,099 · management and general $364,012 · fundraising $3,170,574

  • 17 · Travel

    total $12,764,753 · program services $11,240,469 · management and general $1,037,930 · fundraising $486,354

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $10,592,811 · program services $10,379,286 · management and general $213,525

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $35,699,686 · program services $33,803,254 · management and general $1,896,432

  • 23 · Insurance

    total $2,752,075 · program services $1,324,437 · management and general $1,427,638

  • 24a · Other expenses: LIBRARY BOOKS & MATERIALS

    total $6,361,513 · program services $6,356,628 · management and general $3,894 · fundraising $991

  • 24b · Other expenses: EQUIP RENTAL & MAINTENANCE

    total $3,791,838 · program services $2,172,057 · management and general $1,616,083 · fundraising $3,698

  • 24c · Other expenses: TAXES

    total $1,021,040 · program services $21,452 · management and general $999,588

  • 24d · Other expenses: NONCAPITAL EQUIP./MATERIALS

    total $489,048 · program services $427,462 · management and general $61,586

  • 24e · All other expenses

    total $7,892,865 · program services $6,029,761 · management and general $900,676 · fundraising $962,428

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $121,562,359 · end of year $146,314,375

  • 3 · Pledges and grants receivable

    beginning of year $5,634,680 · end of year $3,308,644

  • 4 · Accounts receivable

    beginning of year $8,798,940 · end of year $8,908,875

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,804,975 · end of year $247,126

  • 8 · Inventories for sale or use

    beginning of year $1,034,991 · end of year $844,822

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,926,633 · end of year $10,375,127

  • 10a · Land, buildings and equipment: cost or other basis

    $873,546,686

  • 10b · Land, buildings and equipment: accumulated depreciation

    $496,019,683

  • 10c · Land, buildings and equipment, net

    beginning of year $369,237,542 · end of year $377,527,003

  • 11 · Investments: publicly traded securities

    beginning of year $113,829,144 · end of year $179,131,612

  • 12 · Investments: other securities

    beginning of year $3,039,571,663 · end of year $3,048,584,388

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $34,296,998 · end of year $42,242,699

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,549,550 · end of year $44,832,513

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,825,140 · end of year $3,247,565

  • 20 · Tax-exempt bond liabilities

    beginning of year $162,697,612 · end of year $211,036,088

  • 21 · Escrow or custodial account liability

    beginning of year $5,309,866 · end of year $10,584,937

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $95,000,000 · end of year $95,000,000

  • 25 · Other liabilities

    beginning of year $51,372,833 · end of year $24,783,347

  • 27 · Net assets without donor restrictions

    beginning of year $1,692,738,319 · end of year $1,728,680,078

  • 28 · Net assets with donor restrictions

    beginning of year $1,650,204,605 · end of year $1,699,320,143

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO OPERATE A UNIVERSITY FOR ACADEMIC SCIENTIFIC, AND PROFESSIONAL EDUCATION AND LEARNING.

  • INSTRUCTION - SEE SCHEDULE O

    Expenses $218,710,375 · Grants $103,727,687 · Revenue $233,309,630

  • ACADEMIC SUPPORT - SEE SCHEDULE O

    Expenses $59,813,418

  • AUXILIARY ENTERPRISES - SEE SCHEDULE O

    Expenses $38,488,168 · Revenue $40,411,557

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William McLean

    PRESIDENT AND CIO, SMC

    Total calculated
    $2,708,367
    From this org
    $2,295,127
    From related orgs
    $0
    Other
    $413,240
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $994,898
    Bonus
    $1,300,000
    Other
    $229
    Deferred
    $394,623
    Nontaxable benefits
    $18,617
    Filer's total
    $2,708,367
  • Christopher Mooney

    BASKETBALL COACH

    Total calculated
    $1,659,875
    From this org
    $1,566,934
    From related orgs
    $0
    Other
    $92,941
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,517,228
    Bonus
    $0
    Other
    $49,706
    Deferred
    $60,706
    Nontaxable benefits
    $32,235
    Filer's total
    $1,659,875
  • Kevin Hallock

    PRESIDENT AND TRUSTEE

    Total calculated
    $1,603,662
    From this org
    $1,051,350
    From related orgs
    $0
    Other
    $552,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $807,082
    Bonus
    $200,000
    Other
    $44,268
    Deferred
    $346,151
    Nontaxable benefits
    $206,161
    Filer's total
    $1,603,662
  • Karen Welch

    DEPUTY CIO, SMC

    Total calculated
    $1,333,009
    From this org
    $1,272,625
    From related orgs
    $0
    Other
    $60,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $473,181
    Bonus
    $792,581
    Other
    $6,863
    Deferred
    $33,000
    Nontaxable benefits
    $27,384
    Filer's total
    $1,333,009
  • Jeffrey Hires

    Managing Director, SMC

    Total calculated
    $919,988
    From this org
    $861,604
    From related orgs
    $0
    Other
    $58,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,181
    Bonus
    $459,250
    Other
    $2,173
    Deferred
    $33,000
    Nontaxable benefits
    $25,384
    Filer's total
    $919,988
  • Raymond Patrick Fishe

    Professor of Finance

    Total calculated
    $855,119
    From this org
    $824,432
    From related orgs
    $0
    Other
    $30,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,565
    Bonus
    $0
    Other
    $613,867
    Deferred
    $21,312
    Nontaxable benefits
    $9,375
    Filer's total
    $855,119
  • Jonathan Moore

    Chief Administrative Off, SMC

    Total calculated
    $782,428
    From this org
    $748,400
    From related orgs
    $0
    Other
    $34,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $370,000
    Bonus
    $375,840
    Other
    $2,560
    Deferred
    $33,000
    Nontaxable benefits
    $1,028
    Filer's total
    $782,428
  • David Hale

    EVP & COO/TREASURER

    Total calculated
    $729,295
    From this org
    $647,004
    From related orgs
    $0
    Other
    $82,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $579,108
    Bonus
    $45,000
    Other
    $22,896
    Deferred
    $55,500
    Nontaxable benefits
    $26,791
    Filer's total
    $729,295
  • Ronald Crutcher

    FORMER PRESIDENT

    Total calculated
    $583,418
    From this org
    $531,787
    From related orgs
    $0
    Other
    $51,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $526,836
    Bonus
    $0
    Other
    $4,951
    Deferred
    $33,000
    Nontaxable benefits
    $18,631
    Filer's total
    $583,418
  • Jeffrey Legro

    FORMER EVP & PROVOST

    Total calculated
    $544,292
    From this org
    $488,733
    From related orgs
    $0
    Other
    $55,559
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,337
    Bonus
    $90,000
    Other
    $396
    Deferred
    $33,000
    Nontaxable benefits
    $22,559
    Filer's total
    $544,292
  • Wendy Perdue

    DEAN, LAW

    Total calculated
    $536,608
    From this org
    $474,938
    From related orgs
    $0
    Other
    $61,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $461,148
    Bonus
    $0
    Other
    $13,790
    Deferred
    $46,420
    Nontaxable benefits
    $15,250
    Filer's total
    $536,608
  • Stephanie Dupaul

    VP FOR ENROLLMENT MANAGEMENT

    Total calculated
    $436,743
    From this org
    $388,283
    From related orgs
    $0
    Other
    $48,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $382,561
    Bonus
    $0
    Other
    $5,722
    Deferred
    $38,464
    Nontaxable benefits
    $9,996
    Filer's total
    $436,743
  • Ann Lloyd Breeden

    SECRETARY, BOARD OF TRUSTEES

    Total calculated
    $347,410
    From this org
    $296,942
    From related orgs
    $0
    Other
    $50,468
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,804
    Bonus
    $0
    Other
    $138
    Deferred
    $30,336
    Nontaxable benefits
    $20,132
    Filer's total
    $347,410
  • Jennifer Cavenaugh

    DEAN, SCHOOL OF ARTS & SCIENCE

    Total calculated
    $342,904
    From this org
    $298,943
    From related orgs
    $0
    Other
    $43,961
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,047
    Bonus
    $0
    Other
    $17,896
    Deferred
    $28,542
    Nontaxable benefits
    $15,419
    Filer's total
    $342,904
  • Stephen Bisese

    VP, STUDENT DEVELOPMENT

    Total calculated
    $329,064
    From this org
    $276,541
    From related orgs
    $0
    Other
    $52,523
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,145
    Bonus
    $0
    Other
    $396
    Deferred
    $24,089
    Nontaxable benefits
    $28,434
    Filer's total
    $329,064
  • A Joan Saab

    EVP & PROVOST (7/2023)

    Total calculated
    $304,593
    From this org
    $281,702
    From related orgs
    $0
    Other
    $22,891
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,528
    Bonus
    $15,000
    Other
    $64,174
    Deferred
    $10,417
    Nontaxable benefits
    $12,474
    Filer's total
    $304,593
  • R Lewis Boggs

    RECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kathleen Hughes Bettencourt

    VICE-RECTOR

    Total calculated
    $0
    Hours/week
    2
  • Russell C Ball III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Jeff A Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • H Hiter Harris III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Susan M Humphreville

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Tracey H Ivey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Reginald N Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mary-Beth L Nash

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Austin P Neuhoff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • S Georgia Nugent

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Robert E Rigsby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • John A Roush

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Wendell L Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Cynthia L Borger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mihir J Patel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Stephen J Aronson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Stacy Garrett-Ray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Stephen J Kneeley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Ajay Nagpal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Raegan W Morris

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Susan G Quisenberry

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Gregory S Rogowski

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Kevin R Seth

    Trustee

    Total calculated
    $0
    Hours/week
    2

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, and on a Form 990-PF Part VIII's — 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 · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 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)

PART I, LINE 1A:
FIRST-CLASS OR CHARTER TRAVEL - THE MEN'S BASKETBALL COACH OCCASIONALLY TRAVELS WITH HIS TEAM BY MEANS OF CHARTER TRAVEL FOR SCHEDULED COMPETITIONS. THE VALUE IS NOT TREATED AS TAXABLE COMPENSATION. THE PRESIDENT IS PERMITTED TO FLY FIRST-CLASS. TRAVEL FOR COMPANIONS - FIRST CLASS TRAVEL, UP TO A CONTRACTUALLY DEFINED LIMIT, IS PERMITTED FOR THE PRESIDENT'S SPOUSE UNDER THE PRESIDENT'S EMPLOYMENT CONTRACT. THE TRAVEL EXPENSE FOR THE PRESIDENT'S SPOUSE WAS NOT TREATED AS TAXABLE COMPENSATION IF TRAVEL WAS FOR UNIVERSITY BUSINESS PURPOSES. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS IN A UNIVERSITY-PROVIDED HOME AS A CONDITION OF EMPLOYMENT. THE VALUE OF THIS LODGING IS NOT REPORTED AS TAXABLE COMPENSATION. PERSONAL SERVICES - THE UNIVERSITY EMPLOYS A HOUSEKEEPER TO MAINTAIN THE PRESIDENT'S HOME, WHICH IS ON THE UNIVERSITY'S CAMPUS AND IN WHICH HE IS REQUIRED TO LIVE AS A CONDITION OF EMPLOYMENT. $10,800 OF THE HOUSEKEEPER'S TIME WAS SPENT MANAGING PERSONAL ACTIVITIES FOR THE PRESIDENT AND HIS SPOUSE AND WAS IMPUTED TO HIM AS TAXABLE COMPENSATION.
PART I, LINE 1B:
THE PROVISION OF NON-STANDARD BENEFITS IS DETERMINED BY THE PRESIDENT, FOR SENIOR LEADERS AND KEY EMPLOYEES, AND THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, FOR THE PRESIDENT. FACTORS CONSIDERED ARE WHETHER THE BENEFIT UNDER CONSIDERATION IS COMMONLY PROVIDED TO INDIVIDUALS IN SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS; WHETHER THE BENEFIT IS NECESSARY FOR THE INDIVIDUAL TO SUCCESSFULLY FULFILL HIS OR HER JOB RESPONSIBILITIES; AND WHETHER, IN THE CONTEXT OF THE INDIVIDUAL'S OVERALL COMPENSATION, THE PROVISION OF THE NON-STANDARD BENEFIT IS REASONABLE.
PART I, LINE 4B:
CHRISTOPHER MOONEY DEFERRED $27,706 IN A SECTION 457(F) PLAN DURING 2023. KEVIN HALLOCK DEFERRED $290,651 IN A SECTION 457(F) PLAN DURING 2023. WILLIAM MCLEAN DEFERRED $361,623 IN A SECTION 457(F) PLAN DURING 2023.
PART I, LINE 7:
KEVIN HALLOCK, DAVID HALE, WILLIAM MCLEAN, KAREN WELCH, JEFFREY HIRES, JOAN SAAB, AND JONATHAN MOORE RECEIVED NON-FIXED PAYMENTS RELATED TO RECOGNITION AND/OR PERFORMANCE.

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

  • VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSIT

    $17,691

    GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • RICHMOND QUADRANGLE LLC

    PROPERTY MGMT · VA · income $0 · assets $0

    Directly controlled by UR

  • SPIDER MANAGEMENT COMPANY LLC

    INVEST MGMT · VA · income $7,500,023 · assets $2,787,764

    Directly controlled by UR

  • RICHMOND FUND MANAGEMENT COMPANY LLC

    INVEST MGMT · VA · income $7,500,023 · assets $0

    Directly controlled by SMC

  • SPIDER BUYOUT - GP LLC

    INVEST MGMT · VA · income $0 · assets $0

    Directly controlled by SMC

  • SPIDER INVENTIONS LLC

    EDUCATION · VA · income $0 · assets -$50

    Directly controlled by UR

  • SPIDER INVENTIONS 2021-2022 LLC

    EDUCATION · VA · income $0 · assets $0

    Directly controlled by SPDR INV LLC

  • SPIDER INVENTIONS 2022-2023 LLC

    EDUCATION · VA · income $0 · assets $0

    Directly controlled by SPDR INV LLC

  • SPIDER INVENTIONS 2023-2024 LLC

    EDUCATION · VA · income -$1,327 · assets -$160

    Directly controlled by SPDR INV LLC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PROP HOLDINGS LLC

    EXCLUDED · REAL ESTATE I · VA · 99% owned · share of income $1,542,246 · share of assets $15,181,331

    Directly controlled by UR

  • PROP HLDNGS III LLC

    EXCLUDED · REAL ESTATE I · VA · 65.22% owned · share of income $12 · share of assets $465,704

    Directly controlled by UR

  • ROR PARTNERSHIP

    EXCLUDED · INVEST MGMT · VA · 53.401% owned · share of income $182,658,363 · share of assets $2,963,680,421 · general or managing partner

    Directly controlled by UR

  • RICHMOND FUND LP

    EXCLUDED · INVEST MGMT · VA · 10.3% owned · share of income $13,940,840 · share of assets $0 · general or managing partner

    Directly controlled by RFMC

  • SPIDER BUYOUT HOLDINGS LP

    EXCLUDED · INVEST MGMT · DE · 50.778% owned · share of income -$10,101,306 · share of assets $500,926 · general or managing partner

    Directly controlled by SPIDER BUYOUT H

  • PROPERTY HOLDINGS V LLC

    EXCLUDED · REAL ESTATE I · VA · 62.721% owned · share of income $1,464,895 · share of assets $10,318,398

    Directly controlled by UR

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (9)

    CRT · VA

    Directly controlled by NA

  • CHARITABLE LEADT TRUSTS (2)

    CLT · VA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202511339349306036

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