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Filing year 2023

VIRGINIA TECH REAL ESTATE FOUNDATION INC

Blacksburg, Virginia·EIN 54-1528809·501(c)(3)
Total revenue
$21.3M
Total assets
$287M
Total expenses
$17.9M
Reported officers
21
Mission

VIRGINIA TECH REAL ESTATE FOUNDATION, INC. (VTREF) WAS ORGANIZED SOLELY FOR THE BENEFIT OF VIRGINIA TECH AND VIRGINIA TECH FOUNDATION INC. VTREF IS TO ENGAGE IN MATTERS PERTAINING TO CERTAIN REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY.

Executive compensation

Form 990 · Part VII & Schedule J · 6 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
Above 90th percentile
$376k
$411k
Secretary (thru 05/2024)
Secretary (Operational)
Median to 75th percentile
$68k
$74k
Assistant Secretary (as of 05/2024)
Secretary (Operational)
Median to 75th percentile
$39k
$43k
President
10th to 25th percentile
$37k
$40k
Treasurer
25th percentile to median
$32k
$35k
Secretary (as of 05/2024)
Secretary (Operational)
25th percentile to median
$12k
$13k

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 15 unpaid individuals.

Top compensation, year by year

From $84k in 2022 to $376k in 2023.

$84k
2022
$376k
2023
In today's dollarsEst.
Up 328% in real terms$96k to $411k

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 348% from 2022 to 2023, while revenue rose 1%.

$84k in 2022 to $376k in 2023.
  • Chief Executive Officer pay rose 10% 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 REAL ESTATE FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$21M
$12.9M
2022
$21.3M
$17.9M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about VIRGINIA TECH REAL ESTATE FOUNDATION INC

What does the Board Member of VIRGINIA TECH REAL ESTATE FOUNDATION INC earn?

In 2023, the Board Member of VIRGINIA TECH REAL ESTATE FOUNDATION INC received $376,205 in total compensation. This pay is in the top 10% for Board Member roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at VIRGINIA TECH REAL ESTATE FOUNDATION 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 REAL ESTATE FOUNDATION INC falls in the top 10%.

What are VIRGINIA TECH REAL ESTATE FOUNDATION INC's revenue and expenses?

In 2023, VIRGINIA TECH REAL ESTATE FOUNDATION INC reported $21.3M in total revenue and $17.9M in total expenses on its IRS Form 990.

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