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Filing year 2023

VIRGINIA TECH INTELLECTUAL PROPERTIES INC

Blacksburg, Virginia·EIN 54-1323858·501(c)(3)
Total revenue
$4.6M
Total assets
$4M
Total expenses
$4M
Reported officers
13
Mission

TO PROMOTE, ENCOURAGE, AND MARKET SCIENTIFIC RESEARCH BY THE FACULTY, STAFF AND STUDENTS SOLELY FOR THE BENEFIT OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (VIRGINIA TECH).

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

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

Director
Board Member
75th to 90th percentile
$71k
$78k
Director
Board Member
75th to 90th percentile
$68k
$75k
Chair
Board Chair
Median to 75th percentile
$61k
$66k
President
25th percentile to median
$44k
$49k

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 9 unpaid individuals.

Up 2%
from 2022

From $70k in 2022 to $71k in 2023.

$70k
2022
$71k
2023
In today's dollarsEst.
Down 3% in real terms$80k to $78k

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 Member pay rose 2% from 2022 to 2023, while revenue rose 18%.

$70k in 2022 to $71k in 2023.
  • Board Chair pay rose 5% 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 INTELLECTUAL PROPERTIES INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$3.9M
$3.4M
2022
$4.6M
$4M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about VIRGINIA TECH INTELLECTUAL PROPERTIES INC

What does the Board Member of VIRGINIA TECH INTELLECTUAL PROPERTIES INC earn?

In 2023, the Board Member of VIRGINIA TECH INTELLECTUAL PROPERTIES INC received $71,292 in total compensation. This pay is in the top quarter for Board Member roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at VIRGINIA TECH INTELLECTUAL PROPERTIES INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at VIRGINIA TECH INTELLECTUAL PROPERTIES INC falls between the 75th and 90th percentiles.

What are VIRGINIA TECH INTELLECTUAL PROPERTIES INC's revenue and expenses?

In 2023, VIRGINIA TECH INTELLECTUAL PROPERTIES INC reported $4.6M in total revenue and $4M in total expenses on its IRS Form 990.

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