Virginia University Of Integritive Medicine
- Assets
- $11.0m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 80
- Location
- Vienna, VA
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 20-0683049
Organization Overview
Virginia University Of Integritive Medicine is located in Vienna, VA. The organization was established in 2005. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2022, Virginia University Of Integritive Medicine employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia University Of Integritive Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Virginia University Of Integritive Medicine generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 22.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE VIRGINIA UNIVERSITY OF INTEGRATIVE MEDICINE IS TO PRODUCE EDUCATED HEALTHCARE PRACTITIONERS HIGHLY SKILLED IN ACUPUNCTURE AND INTEGRATIVE MEDICINE, TRAINED TO PROVIDE THE COMMUNITY WITH AFFORDABLE HEALTHCARE SERVICES WHILE FOSTERING THE GROWTH AND PRACTICE OF ACUPUNCTURE AND INTEGRATIVE MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VIRGINIA UNIVERSITY OF INTEGRATIVE MEDICINE WAS FOUNDED IN 2004 AS AN INSTITUTION OF HIGHER EDUCATION DESIGNED TO OFFER ACUPUNCTURE AND HERBAL MEDICINE EDUCATION TO STUDENTS FROM AROUND THE WORLD. THE UNIVERSITY IS CERTIFIED TO OPERATE BY THE STATE COUNCIL OF HIGHER EDUCATION OF VIRGINIA SCHEV, APPROVED FOR LICENSURE BY THE OFFICE OF THE SECRETARY OF HIGHER EDUCATION FOR THE STATE OF NEW JERSEY, AUTHORIZED BY THE GEORGIA NONPUBLIC POSTSECONDARY EDUCATION COMMISSION IN GEORGIA, AND IS INSTITUTIONALLY ACCREDITED BY THE ACCREDITATION COMMISSION FOR ACUPUNCTURE AND HERBAL MEDICINE (ACAHM). THE UNIVERSITY OFFERS PROGRAMS AT BOTH THE MASTERS AND DOCTORAL LEVELS IN THE ENGLISH, KOREAN, AND CHINESE LANGUAGES. PROGRAMS OFFERED ARE: MASTER OF SCIENCE IN ACUPUNCTURE (MAC), MASTER OF SCIENCE IN ACUPUNCTURE AND HERBAL MEDICINE MACHM, DOCTOR OF ACUPUNCTURE AND ORIENTAL MEDICINE (DAOM), DOCTOR OF ACUPUNCTURE (DAC), DOCTOR OF ACUPUNCTURE AND HERBAL MEDICINE (DACHM), GRADUATE CERTIFICATE IN CHINESE HERBAL MEDICINE (CCHM).
AN EDUCATIONAL INSTITUTION OFFERING A TEACHING CLINIC WHICH HAS BEEN A COMPREHENSIVE, PATIENT-CENTERED CENTER FOR NATURAL HEALING AND WELLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Yoo CEO | OfficerTrustee | 40 | $308,000 |
Byung Yun Kim Cmo | 40 | $165,000 | |
Lixing Lao President | OfficerTrustee | 40 | $110,000 |
Chad Egresi Director Of E.m. | 40 | $105,987 | |
Soon Deok Choi Director | Trustee | 40 | $62,283 |
Jane Kim Chairman | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,000 |
| Total Program Service Revenue | $4,537,693 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$23,010 |
| Net Gain/Loss on Asset Sales | -$767 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,379,331 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $480,283 |
| Compensation of current officers, directors, key employees. | $308,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,051,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,512 |
| Payroll taxes | $185,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,633 |
| Fees for services: Accounting | $74,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $171,086 |
| Advertising and promotion | $170,906 |
| Office expenses | $166,567 |
| Information technology | $141,461 |
| Royalties | $0 |
| Occupancy | $534,291 |
| Travel | $69,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,968 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,464 |
| Insurance | $58,384 |
| All other expenses | $206,875 |
| Total functional expenses | $4,977,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,031,336 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $300,000 |
| Accounts receivable, net | $158,964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $89,660 |
| Prepaid expenses and deferred charges | $8,406 |
| Net Land, buildings, and equipment | $8,173,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $196,262 |
| Other assets | $1,003,606 |
| Total assets | $10,961,899 |
| Accounts payable and accrued expenses | $255,639 |
| Grants payable | $0 |
| Deferred revenue | $1,413,738 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,237,507 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $396,897 |
| Total liabilities | $9,303,781 |
| Net assets without donor restrictions | $1,658,118 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,961,899 |