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Filing year 2023

VIRGINIA TECH INNOVATIONS CORPORATION

Blacksburg, Virginia·EIN 27-4910429·501(c)(3)
Total revenue
$1.3M
Total assets
$528k
Total expenses
$1.3M
Reported officers
13
Mission

TO SUPPORT INNOVATIVE APPLICATIONS OF SCIENCE AND TECHNOLOGY AND PROVIDE TECHNICAL ASSISTANCE TO ENHANCE GLOBAL COMPETITIVENESS.

Executive compensation

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Chair
Board Chair
75th to 90th percentile
$158k
$173k
Board Member
Above 90th percentile
$128k
$139k
Board Member
75th to 90th percentile
$80k
$88k
Board Member
75th to 90th percentile
$71k
$78k
Board Member
75th to 90th percentile
$70k
$77k
Treasurer Vt-rcs
25th percentile to median
$62k
$67k
Board Member
75th to 90th percentile
$61k
$66k
Manager Vt-rcs
Officer (Unspecified)
$56k
$62k
President Aet Global
25th percentile to median
$50k
$55k
President, Vt-rcs
25th percentile to median
$45k
$49k
Secretary Vt-rcs
Secretary (Operational)
Median to 75th percentile
$29k
$31k
Asst Treasurer Aet Global
25th percentile to median
$28k
$30k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Up 28%
from 2022

From $124k in 2022 to $158k in 2023.

$124k
2022
$158k
2023
In today's dollarsEst.
Up 22% in real terms$141k to $173k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Chair pay rose 1041% from 2022 to 2023, while revenue rose 69%.

$14k in 2022 to $158k in 2023.
  • Board Member pay rose 3% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

VIRGINIA TECH INNOVATIONS CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$754k
$687k
2022
$1.3M
$1.3M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about VIRGINIA TECH INNOVATIONS CORPORATION

What does the Board Chair of VIRGINIA TECH INNOVATIONS CORPORATION earn?

In 2023, the Board Chair of VIRGINIA TECH INNOVATIONS CORPORATION received $158,173 in total compensation. This pay is in the top quarter for Board Chair roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Chair pay at VIRGINIA TECH INNOVATIONS CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Chair at VIRGINIA TECH INNOVATIONS CORPORATION falls between the 75th and 90th percentiles.

What are VIRGINIA TECH INNOVATIONS CORPORATION's revenue and expenses?

In 2023, VIRGINIA TECH INNOVATIONS CORPORATION reported $1.3M in total revenue and $1.3M in total expenses on its IRS Form 990.

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