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Virginia Tech Applied Research Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271585738 ✦ Arlington, VA ✦ Designated as a 501(c)(3)

Overview

What is Virginia Tech Applied Research Corporation?

The Virginia Tech Applied Research Corporation (VT-ARC) is a nonprofit organization located at 900 N Glebe Road 700, Arlington, Virginia, 22203. Its mission is to expand the reach of Virginia Tech's fundamental research by addressing complex problems related to applied research and development. VT-ARC specializes in applied research, development, technical services, and commercialization, acting as an extension of Virginia Tech's research enterprise. With a workforce of 54 employees, the corporation focuses on delivering superior analytic and technology solutions to government and non-government customers to tackle national challenges.


Official website here: www.vt-arc.org

Is Virginia Tech Applied Research Corporation legitimate?

Virginia Tech Applied Research Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Tech Applied Research Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $615,501
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,427,288

For more financial information, click here


Official website here: www.vt-arc.org

What is the mission statement of Virginia Tech Applied Research Corporation?

The Virginia Tech Applied Research Corporation (VT-ARC) is dedicated to extending the impact of Virginia Tech's research and innovation enterprise. By identifying and addressing complex problems associated with applied research and development, VT-ARC delivers superior analytic and technology solutions to both government and non-government clients. The mission of VT-ARC is to develop innovative solutions to national challenges through the application of Virginia Tech's fundamental research. The corporation's work focuses on delivering advanced technologies and insights that address the complexities of modern issues. Through its applied research approach, VT-ARC aims to make a significant impact in various domains and contribute to the overall progress of society.


Official website here: www.vt-arc.org

Who is the CEO of Virginia Tech Applied Research Corporation?

Don Maffei is the Chair of Virginia Tech Applied Research Corporation. The CEO's salary of Virginia Tech Applied Research Corporation is $319,417 and their total compensation is $352,097.


Official website here: www.vt-arc.org

What is the revenue of Virginia Tech Applied Research Corporation?

Virginia Tech Applied Research Corporation's revenue in 2022 was $18,502,701.


Official website here: www.vt-arc.org

Who are the executives of Virginia Tech Applied Research Corporation and what are their salaries?

The average compensation at Virginia Tech Applied Research Corporation during 2022 was $111,904. There are 54 employees at Virginia Tech Applied Research Corporation.

Here are 22 key members and their salaries (Virginia Tech Applied Research Corporation's CEO's salary is $319,417 and their total compensation is $352,097):

    Dr Lance Collins (Director)
  • Compensation: $0
  • Related: $675,086
  • Other: $81,092

    • Dr Daniel Sui (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $428,672
  • Other: $58,621

    • Dr Scott Midkiff (Director)
  • Compensation: $0
  • Related: $349,427
  • Other: $66,700

    • Mr Ken Miller (Director)
  • Compensation: $0
  • Related: $334,096
  • Other: $63,710

    • Dr Ronald Fricker (Director)
  • Compensation: $0
  • Related: $326,648
  • Other: $68,538

    • Mr John Forte (President/Ceo)
  • Compensation: $319,417
  • Related: $0
  • Other: $32,680

    • Mr Don Maffei (Vp Finance & Administration)
  • Compensation: $302,284
  • Related: $0
  • Other: $28,083

    • Mr Michael Difrancisco (Division Director)
  • Compensation: $245,366
  • Related: $0
  • Other: $28,408

    • Mr Timothy Brumfiel Sr (Vp Operations & Developmet)
  • Compensation: $226,494
  • Related: $0
  • Other: $22,568

    • Dr Matt Wolfe (Vp Technology)
  • Compensation: $213,711
  • Related: $0
  • Other: $21,137

    • Mr Michael Miller (Deputy Division Director)
  • Compensation: $190,393
  • Related: $0
  • Other: $18,767

    • Mr Glenn Smith (Senior Systems Engineer)
  • Compensation: $175,124
  • Related: $0
  • Other: $19,447

    • Dr Kathryn Klemic (Deputy Division Director)
  • Compensation: $168,256
  • Related: $0
  • Other: $18,678

    • Mr Carmelo Giovenco (Deputy Division Director)
  • Compensation: $168,551
  • Related: $0
  • Other: $17,670

    • Mr M Dwight Shelton Jr (Director)
  • Compensation: $0
  • Related: $134,220
  • Other: $0

    • Justice Ret Elizabeth Mcclanahan (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Reginald Brothers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Dewey Houck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Brett Malone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Sumeet Singh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Nancy Spruill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ms Renee Wynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.vt-arc.org

    Where can I find the form 990 for Virginia Tech Applied Research Corporation?

    The Virginia Tech Applied Research Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.vt-arc.org

    Learn more at the official website: www.vt-arc.org

    Mission Statement of Virginia Tech Applied Research Corporation

    Virginia Tech Applied Research Corporation (VT-ARC) is an organization that builds on the fundamental research conducted within Virginia Tech. In doing so, it extends the reach and impact of the Virginia Tech research and innovation enterprise. With a commitment to delivering superior analytic and technology solutions, VT-ARC tackles complex problems related to applied research and development. The corporation is dedicated to creating innovative solutions to address national challenges. By identifying and addressing intricate issues, VT-ARC effectively bridges the gap between the theoretical findings of Virginia Tech's research and their practical application. In essence, VT-ARC acts as an extension of Virginia Tech, transforming groundbreaking ideas into tangible, real-world solutions for both government and non-government clients.

    Impact

    This information is meant to be a general summary of Virginia Tech Applied Research Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Virginia Tech Applied Research Corporation extends the impact of Virginia Tech's basic and scholarly research enterprise by identifying and solving complex problems commonly associated with applied research and development. The corporation seeks to develop innovative solutions to complex national challenges, delivering superior analytic and technology solutions to government and non-government customers.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-5,718
  • Program Service Revenue: $11,548,833
  • Gross Receipts: $18,948,580

    • Assets and Liabilities:
  • Total Assets: $5,827,376
  • Total Liabilities: $3,610,438
  • Net Assets: $2,216,938
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RESEARCH CONTRACT REVENUE

    Revenue

    $11,548,833

    Organization Details

    Founding Year

    2009

    Principal Officer

    Don Maffei

    Main Address

    900 N GLEBE ROAD 700, ARLINGTON, VA, 22203

    NTEE Category

    Code: U05 - Science research

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