University Of Virginia Investment Management Company
- Assets
- $14.7b
- Revenue
- $961.6m
- Investments
- $13.6b
- Employees
- 51
- Location
- Charlottesville, VA
- Founding
- 03/2005
- Data as of
- 06/2021
- EIN
- 56-2462804
Organization Overview
University Of Virginia Investment Management Company is located in Charlottesville, VA. The organization was established in 2005. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, University Of Virginia Investment Management Company employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Virginia Investment Management Company 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 06/2021, University Of Virginia Investment Management Company generated $961.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $27.8m during the year ending 06/2021. While expenses have increased by 7.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
UVIMCO IS ORGANIZED TO INVEST FUNDS ON BEHALF OF THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA (THE UNIVERSITY OR UVA) AND UNIVERSITY-ASSOCIATED ORGANIZATIONS(UAOS).
Describe the Organization's Program Activity:
Part 3 - Line 4a
UVIMCO PROVIDED HIGH-QUALITY INVESTMENT MANAGEMENT ON BEHALF OF THE UNIVERSITY OF VIRGINIA (THE UNIVERSITY OR UVA) AND AFFILIATED EXEMPT ORGANIZATIONS DESIGNATED BY THE UNIVERSITY. THE ORGANIZATION IMPROVED THE MANAGEMENT OF THE ENDOWMENT OF THE UNIVERSITY AND THEREBY ENHANCED THE EDUCATIONAL BENEFITS PROVIDED TO THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert W Durden Ceo/cio | Officer | 50 | $3,153,095 |
E Sargent Mcgowan Managing Director | Officer | 50 | $1,873,758 |
Lindsay R Larsen Managing Director | Officer | 50 | $1,562,778 |
Jonathan E Earnhardt Managing Director End 6/21 | 50 | $1,935,120 | |
Jason M Love Managing Director | Officer | 50 | $1,367,864 |
Kristina M Alimard Chief Operating Officer | Officer | 50 | $1,275,889 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shapiro Capital Management Llc Investment Manager | 6/29/22 | $1,634,598 |
The Bank Of New York Mellon Custodian | 6/29/22 | $1,406,131 |
Parametric Portfolio Associates Llc Investment Manager | 6/29/22 | $684,587 |
Old Orchard Capital Management Lp Investment Manager | 6/29/22 | $616,523 |
Dynamo Internacional Gesto De Recu Investment Manager | 6/29/22 | $899,154 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $5,658,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $955,944,691 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $961,602,712 |
| Statement of Expenses | |
|---|---|
| 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. | $15,818,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,914,497 |
| Pension plan accruals and contributions | $672,111 |
| Other employee benefits | $1,404,536 |
| Payroll taxes | $516,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,631 |
| Fees for services: Accounting | $393,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,048,036 |
| Advertising and promotion | $12,851 |
| Office expenses | $101,130 |
| Information technology | $796,627 |
| Royalties | $0 |
| Occupancy | $547,397 |
| Travel | $4,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,959 |
| Interest | $133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $612,598 |
| Insurance | $181,104 |
| All other expenses | $0 |
| Total functional expenses | $27,829,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,917,140 |
| Savings and temporary cash investments | $161,203,593 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,031,589 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $506,028 |
| Investments—publicly traded securities | $874,793,411 |
| Investments—other securities | $13,637,384,066 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,686,772,687 |
| Accounts payable and accrued expenses | $17,786,469 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,651,250,167 |
| Total liabilities | $14,669,036,636 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $17,736,051 |