NonprofitsVirginia Tech Applied Research Corporation

Science & Technology

Virginia Tech Applied Research Corporation

ARLINGTON, VA

Total revenue

$21.1M

Total expenses

$20.0M

Net assets

$4.7M

Grants received

$642K

2 grants

EIN

271585738

Tax year

2023

Mission

Vt-arc performs applied research and development, technical services, and commercialization as an extension of the fundamental research performed within virginia tech.

Financials

FY 2023

Revenue

Contributions & grants$16.9M
Program service revenue$4.2M
Investment income$31K
Other revenue
Total revenue$21.1M

Expenses

Grants paid
Salaries & benefits$10.9M
Fundraising
Other expenses$9.2M
Total expenses$20.0M
Total assets$13.6M
Net assets$4.7M

People

26 listed

NameRoleCompensation

MR JOHN FORTE

PRESIDENT/CEO

Board

$439K

40 hrs/wk

MR DON MAFFEI

VP FINANCE & ADMINISTRATIO

Board

$306K

40 hrs/wk

DR KEVIN PITTS

DIRECTOR

Board

2 hrs/wk

MR M DWIGHT SHELTON JR

DIRECTOR

Board

2 hrs/wk

MR SUMEET SINGH

DIRECTOR

Board

2 hrs/wk

DR NANCY SPRUILL

DIRECTOR

Board

2 hrs/wk

DR DANIEL SUI

CHAIR/DIRECTOR

Board

2 hrs/wk

MS SHARON PITT

DIRECTOR

Board

2 hrs/wk

MS AMY SEBRING

DIRECTOR

Board

2 hrs/wk

MR J SCOTT MERRELL

ASST SECRETARY

Board

2 hrs/wk

MS RENEE WYNN

DIRECTOR

Board

2 hrs/wk

JUSTICE RET ELIZABETH MCCLANAHAN

SECRETARY/TREASURER

Board

2 hrs/wk

DR REGINALD BROTHERS

DIRECTOR

Board

2 hrs/wk

DR LANCE COLLINS

DIRECTOR

Board

2 hrs/wk

DR RONALD FRICKER

DIRECTOR

Board

2 hrs/wk

MR DEWEY HOUCK

DIRECTOR

Board

2 hrs/wk

DR BRETT MALONE

DIRECTOR

Board

2 hrs/wk

DR SCOTT MIDKIFF

DIRECTOR

Board

2 hrs/wk

MR KEN MILLER

DIRECTOR

Board

2 hrs/wk

MR TIMOTHY BRUMFIEL SR

VP OPERATIONS & DEVELOPMENT

Staff

$279K

40 hrs/wk

DR MATT WOLFE

VP TECHNOLOGY

Staff

$261K

40 hrs/wk

MR MICHAEL DIFRANCISCO

CHIEF ENGINEER

Staff

$259K

40 hrs/wk

DR KATHRYN KLEMIC

DEPUTY DIVISION DIRECTOR

Staff

$244K

40 hrs/wk

MS MAEGEN NIX

DIVISION DIRECTOR

Staff

$238K

40 hrs/wk

MR MICHAEL MILLER

DIVISION DIRECTOR

Staff

$224K

40 hrs/wk

MR CHARLES JOESTEN

DIRECTOR, GROWTH & STRATEGY

Staff

$209K

40 hrs/wk

Independent contractors

JTHOMPSON CONSTRUCTION LLC

CONSTRUCTION SERVICES

$843K

PALMER CONTRACTING LLC

CONSTRUCTION SERVICES

$519K

HUTCHISON PLLC

LEGAL SERVICES

$114K

CORGEVITY

IT CONSULTING SERVICES

$107K

APRIO LLP

ACCOUNTING SERVICES

$102K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$102K
SUB-AWARD
2023
$540K
SUB-AWARD
2017

Funded by

$642K from 1 funder · 2 grants · 2017–2023

Johns Hopkins University

$642K · 2 grants · 2017–2023

Details

EIN271585738
NTEE codeU05
Subsection03
Ruling date2012-05
Formed2009
Employees89
Volunteers0
VIRGINIA TECH APPLIED RESEARCH CORPORATION — Mission, Financials & Grants Received | Grantivo