2026-04-29T11:00:12-05:00 2025-06-30 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2024-07-01 371737161 VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC VIRG 5402312977 220 GILBERT ST GILBERT PL 5100 BLACKSBURG VA 24061 SIMON PM ALLEN SECRETARY/TREASURER 5402312977 2026-04-27 1 0 PATRICK PITTMAN P00587461 5403450936 2026-04-01 2024 2025-03-06 01:10:19Z X SIMON PM ALLEN 220 GILBERT ST GILBERT PL STE 5100 BLACKSBURG VA 24061 4929428 0 X WWW.VTTI.VT.EDU/NATIONAL/INDEX.HTML X 2012 VA ECONOMIC DEVELOPMENT IN THE RURAL REGION OF SOUTHERN VIRGINIA. 5 0 34 0 0 0 0 0 5510872 4893468 0 0 40378 35960 5551250 4929428 0 0 0 0 3500241 3485551 0 0 0 2340902 2511367 5841143 5996918 -289893 -1067490 8963322 7799062 7984964 7888192 978358 -89130 X VTTEDI BUILDS A BASE OF RESEARCH, ENGINEERING EDUCATION, ADVANCED TESTING, AND TECHNOLOGY TRANSFER THAT SIGNIFICANTLY IMPACTS INDUSTRIAL PRACTICE AND PRODUCTIVITY THROUGH THE DEVELOPMENT OF ADVANCED MATERIALS, INTELLIGENT TIRE TECHNOLOGIES AND VEHICLE DYNAMICS DATA ANALYSIS. 0 0 5753020 4929428 VTTEDI CONTRIBUTES TO THE ECONOMIC DEVELOPMENT OF SOUTHSIDE VIRGINIA THROUGH CAREER OPPORTUNITIES FOR OVER 34 EMPLOYEES, SUPPORTING LOCAL BUSINESSES, AND ENGAGING LOCAL EDUCATIONAL AND NONPROFIT INSTITUTIONS. VTTEDI HAS CREATED INTERNSHIPS FOR VIRGINIA TECH ENGINEERING STUDENTS. VTTEDI PROVIDES DEVELOPMENT AND DELIVERY OF SPECIALIZED RESEARCH, TIRE TESTING AND MODELING AND SIMULATION SERVICES TO GLOBAL CUSTOMERS AND SPONSORS. VTTEDI HAS BUILT HIGHLY SPECIALIZED FACILITIES THAT PROVIDE STATE OF THE ART EQUIPMENT AND TECHNOLOGY FOR TIRE TESTING AND MODELING AND VEHICLE MODELING. COMPANIES FROM AROUND THE GLOBE TRAVEL TO ALTON VA TO GET THE MOST ADVANCED SERVICES AND DATA FROM THE VTTEDI TEAM. 5753020 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SIMON PM ALLEN 5402312977 220 GILBERT ST GILBERT PL STE 5100 BLACKSBURG VA 24061 DR CYRIL R CLARKE BOARD MEMBER 2.00 38.00 X X 0 617216 140692 AMY SEBRING BOARD MEMBER 2.00 38.00 X X 0 576650 161293 DR DIANZHI DANIEL SUI CHAIR 2.00 38.00 X X 0 501647 63892 JUSTICE ELIZABETH A MCCLANAHAN MANAGER (VTT, LLC) 2.00 38.00 X X 0 0 0 SIMON PM ALLEN SECRETARY/TREASURER 2.00 38.00 X X 0 315046 43216 JEFF EARLEY BOARD MEMBER 2.00 38.00 X 0 269561 67722 ZACHARY DOERZAPH PRESIDENT (VTT, LLC) 40.00 0.00 X 0 351017 69688 FRANK DELLA PIA EXECUTIVE DIRECTOR (VTT, LLC) 40.00 0.00 X 253130 0 43084 CHRISTINE ABSHER TREASURER (VTT, LLC) 10.00 30.00 X 0 143734 48189 JONATHAN DARAB ENGINEERING DIRECTOR (VTT, LLC) 40.00 0.00 X 194002 0 47948 SEAN HUBBARD RESEARCH SCIENTIST (VTT, LLC) 40.00 0.00 X 150682 0 25655 YI LI RESEARCH SCIENTIST (VTT, LLC) 40.00 0.00 X 111303 0 20974 LAURI MUSTONEN RESEARCH SCIENTIST (VTT, LLC) 40.00 0.00 X 111370 0 20750 JORGE LUIS ROJAS ALBINO RESEARCH SCIENTIST (VTT, LLC) 40.00 0.00 X 104975 0 20587 TRAVIS TERRY RESEARCH SCIENTIST (VTT, LLC) 40.00 0.00 X 102639 0 37682 1028101 2774871 811372 7 0 1 0 VIJO LLC 1245 PINE TREE ROAD ALTON VA 24520 BUILDING RENT 209250 1 TESTING, MODELING, RES 900099 4893468 4893468 4893468 OTHER REVENUE 900099 35960 35960 35960 4929428 4929428 0 0 981272 942078 39194 1683448 1616207 67241 277760 263872 13888 355413 309209 46204 187658 170769 16889 13756 11968 1788 57248 49806 7442 198721 198721 22434 22434 108540 92259 16281 219330 201979 17351 6894 6894 7224 7224 249387 249387 835371 835371 117467 99847 17620 MATERIALS AND EQUIPMENT 292962 292962 COST OF GOODS SOLD 141036 141036 TEMPORARY HELP 120072 120072 CUSTOMER RECRUITEMENT 80588 80588 40337 40337 5996918 5753020 243898 0 1 237071 415319 1135667 645367 79519 62681 15601089 8925395 7511065 6675694 8963322 7799062 311755 383382 207812 295685 7465397 7209125 7984964 7888192 X 978358 -89130 978358 -89130 8963322 7799062 X -1067490 2 X X 0 1 X 1 0 X X 1 VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY 546001805 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART 1, LINE 12G, COLUMN (VI) THE EXPENSES BY VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT, INC. THAT ARE REPORTED ON FORM 990, PART IX WERE EXPENDED TO PROVIDE SUPPORT AND MANAGEMENT TO ITS SUPPORTED ORGANIZATION, VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (VIRGINIA TECH). 2776284 636749 2139535 915150 910431 4719 11906505 7375065 4531440 3150 3150 0 6675694 DUE TO VTF 775000 DUE TO VT 3824403 DUE TO VT, ACCRUED INTEREST 440974 CONTRACT LIABILITY 2168748 7209125 X PART X, LINE 2: VTTEDI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACTIVITIES THAT GENERATE UNRELATED BUSINESS INCOME, AS DEFINED BY THE IRS, ARE SUBJECT TO INCOME TAXES. VTTEDI'S FEDERAL INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. VTTEDI HAS ANALYZED FILING POSITIONS IN THE TAX JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, INCLUDING ITS STATUS AS A TAX-EXEMPT ORGANIZATION, AND NO RESERVES FOR UNCERTAIN TAX POSITIONS, NOR INTEREST AND PENALTIES, HAVE BEEN RECORDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. X 1 1 X 0 1 0 0 0 0 0 0 0 DR CYRIL R CLARKE BOARD MEMBER 0 599583 0 0 0 17633 0 109527 0 31165 0 757908 0 0 AMY SEBRING BOARD MEMBER 0 573589 0 0 0 3061 0 119889 0 41404 0 737943 0 0 DR DIANZHI DANIEL SUI CHAIR 0 496647 0 0 0 5000 0 42427 0 21465 0 565539 0 0 ZACHARY DOERZAPH PRESIDENT (VTT, LLC) 0 349831 0 0 0 1186 0 36845 0 32843 0 420705 0 0 SIMON PM ALLEN SECRETARY/TREASURER 0 268574 0 45000 0 1472 0 23126 0 20090 0 358262 0 0 JEFF EARLEY BOARD MEMBER 0 268188 0 0 0 1373 0 36795 0 30927 0 337283 0 0 FRANK DELLA PIA EXECUTIVE DIRECTOR (VTT, LLC) 253130 0 0 0 0 0 27180 0 15904 0 296214 0 0 0 JONATHAN DARAB ENGINEERING DIRECTOR (VTT, LLC) 194002 0 0 0 0 0 21978 0 25970 0 241950 0 0 0 CHRISTINE ABSHER TREASURER (VTT, LLC) 0 143041 0 0 0 693 0 20197 0 27992 0 191923 0 0 SEAN HUBBARD RESEARCH SCIENTIST (VTT, LLC) 150682 0 0 0 0 0 16887 0 8768 0 176337 0 0 0 PART I, LINE 1A FIRST-CLASS TRAVEL VTTEDI ALLOWS FOR AIR TRAVEL CLASS UPGRADES FOR BUSINESS INTERNATIONAL FLIGHTS FOR THE EXECUTIVE DIRECTOR, THE OPERATIONS DIRECTOR, AND THE TECHNICAL DIRECTOR. ALL INTERNATIONAL TRAVEL AND ANY UPGRADES FOR AIR TRAVEL ARE APPROVED IN ADVANCE BY SENIOR MANAGEMENT. TRAVEL WAS NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS. PART I, LINE 4B DESCRIPTION OF THE TERMS AND CONDITIONS OF THE ARRANGEMENT: VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (THE "UNIVERSITY"), A RELATED ORGANIZATION OF VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT, INC., PROVIDES DEFERRED COMPENSATION INTO A SUPPLEMENTAL NONQUALIFIED 415M RETIREMENT PLAN FOR CERTAIN EMPLOYEES. AMOUNTS ARE DISTRIBUTABLE TO THE EMPLOYEE IN THE 7TH MONTH AFTER SEPARATION FROM THE UNIVERSITY. NAMES OF LISTED PERSONS PAID AND AMOUNTS PAID DURING THE YEAR: - DR. CYRIL R. CLARKE - CONTRIBUTIONS MADE BY THE UNIVERSITY: $8,192.50 FORM 990, PART VI, SECTION B, LINE 11B THE FOLLOWING DESCRIBES THE FORM 990 REVIEW PROCESS BY VTTEDI: MANAGEMENT AND THE ACCOUNTING STAFF PROVIDE THE NECESSARY FINANCIAL AND OTHER INFORMATION TO THE INDEPENDENT THIRD PARTY TAX CONSULTANTS. THE TAX CONSULTANTS REVIEW AND COMPILE THE INFORMATION INTO THE FORM 990 AND PROVIDE A DRAFT TO MANAGEMENT. MANAGEMENT PERFORMS A DETAILED REVIEW OF THE FORM PRIOR TO FORWARDING IT TO THE SECRETARY/TREASURER FOR REVIEW. THE AUDIT COMMITTEE OF THE PARENT ENTITY ALSO REVIEWS THE 990. ANY CORRECTIONS AFTER THESE REVIEWS ARE COMMUNICATED BACK TO THE THIRD PARTY TAX CONSULTANTS. ANY REVISIONS ARE AGREED BY BOTH PARTIES. PRIOR TO THE FILING DEADLINE, THE FORM IS ELECTRONICALLY PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS. IF THERE ARE NO COMMENTS OR REVISION, THE SECRETARY/TREASURER THEN SIGNS THE TRANSMITTAL FORM TO PERMIT THE ELECTRONIC FILING, AS REQUIRED BY THE IRS. DISCLOSURE OF THE 990 WILL BE MADE IN FULL COMPLIANCE WITH THE REQUIREMENTS ESTABLISHED BY THE IRS. FORM 990, PART VI, SECTION B, LINE 12C VTTEDI, INC. HAS HAD AN ESTABLISHED CONFLICT OF INTEREST POLICY SINCE IT WAS INCORPORATED EFFECTIVE JUNE 5, 2013. THE POLICY APPLIES TO EACH MEMBER OF THE BOARD OF DIRECTORS, ALL PRINCIPAL OFFICERS, AND KEY EMPLOYEES OF VTTEDI, INC. COPIES OF THE POLICY ARE DISTRIBUTED TO THESE INDIVIDUALS EACH FISCAL YEAR TOGETHER WITH A COMPLIANCE QUESTIONNAIRE TO COMPLETE AND RETURN FOR THE CORPORATE RECORDS. THE PURPOSE OF THE POLICY IS TO PROTECT VTTEDI'S INTERESTS WHEN IT IS CONTEMPLATING ENTERING INTO BUSINESS TRANSACTIONS THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN INTERESTED PERSON OF VTTEDI. THE POLICY IS REVIEWED ANNUALLY AND WAS LAST REVISED EFFECTIVE SEPTEMBER 1, 2018. FORM 990, PART VI, SECTION B, LINE 15A THE FOLLOWING DESCRIBES THE VTTEDI PROCESS FOR DETERMINING, REVIEWING AND APPROVING COMPENSATION OF THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES. THE VTTEDI COMPENSATION DETERMINATION, REVIEW, AND APPROVAL PROCESSES ARE MADE DURING THE JOB DESCRIPTION DEVELOPMENT, POSITION POSTING, HIRING PROCESS, AS WELL AS PERFORMANCE EVALUATIONS. THIS INCLUDES A MARKET ANALYSIS OF POSITIONS WITH SIMILAR BACKGROUNDS AND CREDENTIALS BASED ON THE JOB DESCRIPTION, AND THE POSITION POSTINGS USE SALARY RANGES FROM THE MARKET ANALYSIS. ALL POSITION POSTINGS ARE REVIEWED AND APPROVED BY MANAGEMENT. THE HIRING PROCESS INVOLVES COMPETITIVE SEARCHES. APPLICATIONS ARE REVIEWED BASED ON THE JOB DESCRIPTION AND THE REQUIRED QUALIFICATIONS. SENIOR MANAGEMENT APPROVE THE TERMS OF THE JOB OFFERS AND COMPENSATION. SUBSEQUENT CHANGES IN SALARY ARE BASED ON PERFORMANCE EVALUATIONS AND MARKET ANALYSIS AND APPROVED BY SENIOR MANAGEMENT. BOARD MEMBERS RECEIVE NO COMPENSATION FOR SERVICES. FORM 990, PART VI, SECTION C, LINE 19 VTTEDI PROVIDES FOR PUBLIC DISCLOSURE ALL DOCUMENTS REQUIRED BY LAW TO BE AVAILABLE FOR INSPECTION BY THE PUBLIC. FORM 990, PART XI, LINE 9: ROUNDING 2. PART XII, LINE 2C THERE WAS NO CHANGE TO THE COMPANY'S OVERSIGHT PROCESS IN THE CURRENT YEAR. VTT LLC 220 GILBERT ST GILBERT PLACE STE 51 BLACKSBURG VA 24061 RESEARCH VA 4893468 7799061 VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC VIRGINIA POLYTECHNIC INST & STATE UNIV 201 SOUTHGATE CENTER BLACKSBURG VA 24061 545001805 UNIVERSITY VA 115 LINE 2 N/A 0 VIRGINIA TECH FOUNDATION INC 902 PRICES FORK ROAD STE 4000 BLACKSBURG VA 24061 540721690 ENDOWMENT AND REAL ESTATE PORTFOLIO MANAGEMENT VA 501(C)(3) N/A 0 VIRGINIA TECH INNOVATIONS CORPORATION 220 GILBERT ST GILBERT PLACE STE 51 BLACKSBURG VA 24061 274910429 RESEARCH VA 501(C)(3) N/A 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 1 1 1 0 1