Overview

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Est.

1984

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

The Virginia Innovation Partnership Corporation (EIN: 54-1282820) is a nonprofit organization dedicated to enhancing Virginia's economy through investments in innovation commercialization and entrepreneurship, focusing on the fields of computer science and technology. With an operating budget of $31.3 million and total revenue of $47.4 million for the 2024 filing year, VIPC is supported by diverse funding sources, with no single funder contributing 50% or more of its revenue. More information can be found on their website at www.virginiaipc.org.

Mission Statement

VIPC GROWS AND DIVERSIFIES VIRGINIA'S ECONOMY BY INVESTING IN AND ACCELERATING INNOVATION COMMERCIALIZATION AND ENTREPRENEURSHIP.
Revenues
$47.4M
Expenses
$39.4M
Net Income:
+$8M
Assets
$80M
Liabilities
$4.5M
Net Assets:
+$75.5M
Operating Budget
$31.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$20K
Largest grant received
$20K
R
Richard Hall
Board Member
M
Monique Adams
Board Member
C
Chris Long
Board Member

Frequently Asked Questions

What is VIRGINIA INNOVATION PARTNERSHIP CORPORATION’s budget?
In 2024, VIRGINIA INNOVATION PARTNERSHIP CORPORATION reported an annual operating budget of around $31.3 million. More detailed financial information is available to registered users.
What causes does VIRGINIA INNOVATION PARTNERSHIP CORPORATION support?
VIRGINIA INNOVATION PARTNERSHIP CORPORATION supports work in Technology and Computer science.
Where does VIRGINIA INNOVATION PARTNERSHIP CORPORATION operate?
VIRGINIA INNOVATION PARTNERSHIP CORPORATION is headquartered in Herndon, VA.
Who funded VIRGINIA INNOVATION PARTNERSHIP CORPORATION recently?
In 2024, VIRGINIA INNOVATION PARTNERSHIP CORPORATION received grants from VIRGINIA INNOVATION PARTNERSHIP CORPORATION, VIRGINIA INNOVATION PARTNERSHIP CORPORATION, and VIRGINIA SATSLAB INC. More information on this organization’s funders is available to registered users.
What is the largest grant VIRGINIA INNOVATION PARTNERSHIP CORPORATION received in 2024?
The largest grant to VIRGINIA INNOVATION PARTNERSHIP CORPORATION in 2024 exceeds $20 thousand.
What is VIRGINIA INNOVATION PARTNERSHIP CORPORATION’s reliance on government grants?
VIRGINIA INNOVATION PARTNERSHIP CORPORATION relied on government grants for more than 35% of their total revenue in 2024.