Virginia Tech Services Inc

Organization Overview

Virginia Tech Services Inc is located in Blacksburg, VA. The organization was established in 1967. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Virginia Tech Services Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Tech Services Inc 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 06/2022, Virginia Tech Services Inc generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO OWN AND OPERATE BOOKSTORES AND OTHER SERVICES FOR THE USE AND BENEFIT OF STUDENTS, FACULTY, STAFF, AND ALUMNI ON OR NEAR THE CAMPUS OF VA POLYTECHNIC INSTITUTE & STATE UNIVERSITY THROUGH THE MANAGEMENT OF OUTSOURCED OPERATIONS AND FACILITIES MAINTENANCE.

Describe the Organization's Program Activity:

OPERATION OF VENDING SERVICES AND MANAGEMENT OF OUTSOURCED COMMISSIONS CONTRACTS FROM RETAIL OPERATIONS INCLUDING STUDENT BOOKSTORES AND A COFFEE SHOP.


CONTRIBUTION TO VIRGINIA TECH FOUNDATION, INC FOR USE BY THE UNIVERSITY PRESIDENT AND BOARD OF VISITORS FOR THE BENEFIT OF THE STUDENTS AND FACULTY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $139,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$139,000
Total Program Service Revenue$2,203,414
Investment income $280
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $9,200
Net Gain/Loss on Asset Sales -$30,099
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,908,616

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Virginia Tech Services Inc has recieved totaling $199.

Awarding OrganizationAmount
Synchrony Foundation

Stamford, CT

PURPOSE: EMPLOYER MATCHING GIFT PROGRAM

$100
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$99
View Grant Recipient Profile

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