2024-02-12T15:01:43-06:00 2023-06-30 135565207 KPMG LLP 1021 EAST CARY STREET SUITE 2000 RICHMOND VA 23219 990 2022-07-01 476343397 VC MEDICAL ENDOWMENT TRUST VCME 5407748800 500 S MINNESOTA AVENUE SIOUX FALLS SD 57104 JOHN G ROCOVICH JR CHAIRMAN/TRUSTEE 5407748800 2024-02-12 1 JOHN ROCOVICH JR 999009999 0 CHRISTINE G TAUCHEN P01320000 8047824200 2024-02-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN G ROCOVICH JR 4415 ELECTRIC ROAD ROANOKE VA 24018 6177634 0 X N/A X 2014 SD THE EXCLUSIVE PURPOSES OF THIS TRUST ARE EDUCATIONAL AND CHARITABLE. THE TRUST IS FORMED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) TO SUPPORT THE EXEMPT PURPOSES OF ITS SOLE BENEFICIARY - EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE (VCOM). 7 7 0 0 2516 1516 0 0 0 0 1476836 110599 0 0 1476836 110599 1446476 1120000 0 0 0 0 0 0 0 159867 150426 1606343 1270426 -129507 -1159827 16574486 17687405 15946390 15946390 628096 1741015 SEE SCHEDULE O 0 0 1270426 1120000 IN ACCORDANCE WITH ITS EXEMPT MISSION, THE TRUST RECEIVES ANDHOLDS FUNDS ON BEHALF OF VCOM. THESE FUNDS ARE THEN INVESTED INTOVARIOUS PORTFOLIOS THAT GENERATE DIVIDEND AND INTEREST REVENUE.THE TRUST THEN MAKES DISTRIBUTIONS TO ITS BENEFICIARY, VCOM. 1270426 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 AL SC VA X JOHN G ROCOVICH JR 5407748800 4415 ELECTRIC ROAD ROANOKE VA 24018 X JOHN G ROCOVICH JR CHAIRMAN, TRUSTEE, TREAS. 1.00 10.00 X X 0 0 0 ELIZABETH R CLINE TRUSTEE, ASST. SECRETARY 1.00 1.00 X X 0 0 0 FREDERICK P STRATTON JR TRUSTEE 1.00 1.00 X 0 0 0 WILLIAM F FOX TRUSTEE 1.00 1.00 X 0 0 0 DAVID G HOTTMANN TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL HOLLAND TRUSTEE 1.00 1.00 X 0 0 0 DENNIS BARBOUR OFFICER, ASST. SECRETARY 1.00 1.00 X 0 0 0 0 0 0 0 0 0 0 0 471331 2516 468815 5706303 6067035 -360732 -360732 -360732 110599 0 2516 108083 1120000 1120000 150426 150426 1270426 1270426 0 0 490706 463996 15671 9308 16068109 17214101 16574486 17687405 15946390 15946390 15946390 15946390 X 628096 1741015 628096 1741015 16574486 17687405 X -1159827 2275261 1 X 0 1 X 1 0 X X X 1 EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE 542052107 2 1 1120000 0 1 1120000 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 1476836 0 1476836 0 0 0 0 0 159867 0 1316969 0 19471480 0 559733 0 0 0 20031213 0 0 0 0 20031213 0 300468 0 19730745 0 690576 0 0 0 690576 0 1316969 1119424 690576 1119424 0 1119424 1120000 0 0 0 0 0 1120000 0 1119424 0.000000000000 1119424 0 0 0 0 0 12371 12371 0 12371 0 0 1120000 0 1107053 12947 0 0 12947 0 0 0 0 12947 FORM 990, PART IV, SECTION D, LINE 3 THE GOVERNING BODY OF EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE (VCOM), A SUPPORTED ORGANIZATION OF THE TRUST, APPOINTS REPRESENTATIVES TO AN ADVISORY BOARD. THE PURPOSE OF THE ADVISORY BOARD IS TO ENSURE THAT THE NEEDS AND WISHES OF VCOM ARE COMMUNICATED EFFECTIVELY TO THE TRUSTEES OF THE TRUST. THIS ADVISORY BOARD WILL MEET QUARTERLY WITH THE TRUST'S INVESTMENT COMMITTEE BY TELEPHONIC OR VIDEO CONFERENCE TO DISCUSS VCOM'S PROJECTED NEEDS. THE ADVISORY BOARD OF VCOM HELPS MAKE INVESTMENT DECISIONS AND PLAN FOR HOW THE ASSETS OF THE TRUST WILL BE INVESTED. FURTHER, THE TRUSTEES WILL ENTERTAIN PROPOSALS FROM VCOM FOR THE PROPER USE OF FUNDS TO PROMOTE BOTH THE TRUST'S EXEMPT PURPOSES AND VCOM'S EXEMPT PURPOSES, IN ACCORD WITH THE ADVICE OF THE VCOM ADVISORY BOARD. 16574486 -157508 -1270426 17687404 20351769 -2170940 1606343 16574486 18053751 3085491 787473 20351769 17420986 885000 480176 732411 18053751 17029054 1408177 1016245 17420986 1.00000 0 0 0 CORPORATE STOCKS 11222694 F MUTUAL FUNDS 577995 F US TREASURY SECURITIES 903315 F CORPORATE BONDS 372690 F ASSET BACKED SECURITIES 218399 F LIMITED PARTNERSHIP 3919007 F 17214100 DUE TO EDWARD VIA VA COLLEGE OF OSTEOPATHIC MEDICINE 15946390 15946390 X PART X, LINE 2: THE COLLEGE, THE TRUST, APCA, AND VIASTAR HAVE ANALYZED FILING POSITIONS IN ALL OF THE FEDERAL AND STATE JURISDICTIONS WHERE THEY ARE REQUIRED TO FILE INCOME TAX RETURNS, INCLUDING THE COLLEGE AND THE TRUST'S STATUS AS TAX-EXEMPT ENTITIES. THE ONLY PERIODS SUBJECT TO EXAMINATION FOR FEDERAL AND STATE TAX RETURNS ARE FOR TAXABLE YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023. THE COLLEGE, THE TRUST, APCA, AND VIASTAR BELIEVE THEIR INCOME TAX FILING POSITIONS, INCLUDING THE COLLEGE AND THE TRUST'S STATUSES AS TAX-EXEMPT ENTITIES, WILL BE SUSTAINED ON AUDIT AND DO NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE TO THEIR FINANCIAL POSITION. THEREFORE, NO RESERVES FOR UNCERTAIN TAX POSITIONS, NOR INTEREST AND PENALTIES, HAVE BEEN RECORDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, PART V, LINE 4 AS THE TRUST IS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3), ITS EXCLUSIVE PURPOSE IS TO SUPPORT THE EXEMPT PURPOSES OF ITS SOLE BENEFICIARY, VCOM. CONSEQUENTLY, THE ENDOWMENT FUNDS REFLECTED ON SCHEDULE D, PART V, REPRESENT THE GROSS ASSETS OF THE TRUST. A RELATED LIABILITY IS REFLECTED IN PART X, LINE 25, WHICH REPRESENTS DISTRIBUTIONS TO BE MADE TO VCOM IN FUTURE YEARS. THIS LIABILITY WAS RECORDED IN ACCORDANCE WITH GAAP IN THE YEAR THE ENDOWMENT WAS TRANSFERRED FROM VCOM TO THE TRUST. THE TRUST DISTRIBUTES FUNDS ANNUALLY TO VCOM AND WILL PROVIDE FUNDS FOR VCOM'S OPERATIONS AS NEEDED BASED ON BOARD APPROVED REQUESTS FROM VCOM. AN ANNUAL REPORT IS PROVIDED TO VCOM'S BOARD AS TO THE USE OF THE ENDOWMENT FUNDS. EAST ASIA AND THE PACIFIC INVESTMENTS 36487 EUROPE INVESTMENTS 84727 NORTH AMERICA INVESTMENTS 26030 SOUTH AMERICA INVESTMENTS 4738 0 0 0 0 0 0 151982 0 151982 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 EDWARD VIA VA COLLEGE OF OSTEOPATHIC MEDICINE 2265 KRAFT DRIVE BLACKSBURG VA 24060 542052107 501(C)(3) 1120000 0 SUPPORT 1 FORM 990, SCHEDULE I, PART 1, LINE 2 AN ADVISORY BOARD, COMPOSED OF PERSONS APPOINTED BY THE GOVERNING BODY OF VCOM, MEETS QUARTERLY TO DISCUSS THE PROJECTED NEEDS OF VCOM AND HOW THE TRUST AND VCOM WILL PROMOTE THEIR EXEMPT PURPOSES. THIS IS DONE THROUGH THE USE OF THE TRUST'S INCOME AND THE INVESTMENTS OF ITS ASSETS, AS A SUPPORTING ORGANIZATION OF VCOM. FORM 990, PART VI, SECTION A, LINE 2 1) JOHN G. ROCOVICH, JR. AND ELIZABETH R. CLINE ARE FATHER AND DAUGHTER AND THEY PRACTICE LAW AT THE SAME FIRM, MOSS & ROCOVICH, ATTORNEYS-AT-LAW, P.C. 2) JOHN G. ROCOVICH, JR., FREDERICK P. STRATTON, JR., DAVID HOTTMANN, AND ELIZABETH R. CLINE ALSO SERVE TOGETHER AS DIRECTORS OF THE HARVEY W. PETERS RESEARCH FOUNDATION ("HWPRF"). VCOM, AS A SUBSIDIARY OF HWPRF, IS THE SETTLOR AND BENEFICIARY/SUPPORTED ORGANIZATION OF THE TRUST. FORM 990, PART VI, SECTION A, LINE 7A ALL DIRECTORS SHALL BE APPOINTED, FROM TIME TO TIME, BY THE SOLE MEMBER, THE HARVEY W. PETERS RESEARCH FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE CHAIRMAN OF TRUSTEES REVIEWED THE FORM 990 AND PROVIDED QUESTIONS AND COMMENTS, AS APPLICABLE, TO THE TAX RETURN PREPARER. ONCE ALL QUESTIONS AND CHANGES ARE ADDRESSED, THE CHAIRMAN REVIEWS THE RETURN PRIOR TO PROVIDING A FINAL COPY TO THE BOARD FOR FINAL REVIEW PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN POLICY ON CONFLICT OF INTEREST. EACH OFFICER AND DIRECTOR ANNUALLY SIGNS A WRITTEN STATEMENT TO CONFIRM COMPLIANCE WITH THE POLICY. THE RESPONSES ARE THEN REVIEWED BY JOHN G. ROCOVICH, JR., TO DETERMINE IF CONFLICTS EXIST, AND HOW TO HANDLE ANY CONFLICTS. IN THE EVENT OF A CONFLICT, JOHN G. ROCOVICH, JR. DETERMINES THE APPROPRIATE ACTION. GENERALLY THIS INCLUDES RECUSAL OF THE CONFLICTED INDIVIDUAL FROM BOARD DISCUSSION, VOTING ON THE APPLICABLE TOPIC AND FROM INVOLVEMENT ON RELATED BUSINESS DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS WILL BE EVALUATED BY THE BOARD OF DIRECTORS OF VC MEDICAL ENDOWMENT TRUST. REQUESTS FOR A VALID BUSINESS PURPOSE ARE GENERALLY HONORED. MOST FINANCIAL INFORMATION IS AVAILABLE IN FORM 990. FORM 990, PART XI, LINE 9: ROUNDING 1. FORM 990, PART III, LINE 1 THE EXCLUSIVE PURPOSES OF THIS TRUST ARE EDUCATIONAL AND CHARITABLE. THE TRUST IS FORMED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) TO SUPPORT THE EXEMPT PURPOSES OF ITS BENEFICIARY, EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE ("VCOM"). THIS INCLUDES PROVIDING DISTRIBUTIONS FOR VCOM'S EXEMPT PURPOSES TO INCLUDE THE FOLLOWING: RESEARCH, STUDENT SCHOLARSHIPS, OPERATING EXPENSES, AND NON-RECURRING CAPITAL EXPENDITURES SUCH AS EQUIPMENT, FURNITURE, FIXTURES, AND LEASEHOLD IMPROVEMENTS APPROVED BY THE GOVERNING BODY OF VCOM, AND THE LEASING, ACQUISITION, MAINTENANCE AND IMPROVEMENT OF REAL ESTATE USED BY VCOM. IN ADDITION, THE TRUST MAY ASSIST VCOM IN RAISING FUNDS THROUGH DONATIONS FROM VARIOUS SOURCES, INCLUDING BUT NOT LIMITED TO MAIL SOLICITATIONS, E-MAIL SOLICITATIONS, PHONE SOLICITATIONS, PERSONAL SOLICITATIONS, FOUNDATION GRANT SOLICITATIONS, AND GOVERNMENT GRANT SOLICITATIONS. SUCH SOLICITATION ACTIVITIES WOULD BE CARRIED OUT BY THE TRUSTEES IN A VARIETY OF JURISDICTIONS, INCLUDING BUT NOT LIMITED TO VIRGINIA, SOUTH CAROLINA, ALABAMA, AND LOUISIANA ON A YEAR-ROUND BASIS. THESE ACTIVITIES WILL FURTHER THE TRUST'S EXEMPT PURPOSE, WHICH IS TO SUPPORT VCOM, A PUBLIC CHARITY. HARVEY W PETERS RESEARCH FOUNDATION 500 S MINNESOTA AVE SIOUX FALLS SD 57104 460459671 MANAGEMENT SD 501(C)(3) PF N/A 0 EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATH 2265 KRAFT DRIVE BLACKSBURG VA 24060 542052107 SCHOOL VA 501(C)(3) LINE 2 SEE ATTACHED 0 VIA-BRADLEY COLLEGE OF ENGINEERING FOUND 500 S MINNESOTA AVE SIOUX FALLS SD 57104 522283401 MANAGEMENT SD 501(C)(3) PF N/A 0 MARION BRADLEY MEMORIAL FOUNDATION 500 S MINNESOTA AVE SIOUX FALLS SD 57104 522285703 MANAGEMENT SD 501(C)(3) PF N/A 0 BLUEFIELD UNIVERSITY 3000 COLLEGE AVE BLUEFIELD VA 24605 540568200 SCHOOL VA 501(C)(3) LINE 2 SEE ATTACHED 0 APPALACHIAN COLLEGE OF PHARMACY 1060 DRAGON RD OAKWOOD VA 24631 260069167 SCHOOL VA 501(C)(3) LINE 2 SEE ATTACHED 0 HARVEY W PETERS (VIRGINIA) HOLDING CORP 4415 ELECTRIC ROAD BLACKSBURG VA 24018 542052207 MANAGEMENT VA 501(C)(2) N/A N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE R, PART II, LINES 2 HARVEY W. PETERS RESEARCH FOUNDATION