Virginia Union University
68% goes to programs $6 to raise $100 Strong reserves Growing revenue
Virginia Union University is a 501(c)(3) organization based in Richmond, Virginia, registered in 1944, with $65,604,693 in FY2024 revenue. CharityIndex grades it B+, and it directs about 68% of spending to programs.
1500 N Lombardy St, Richmond, VA, 23220 EIN 54-0524516 Since 1944
Revenue (FY2024)
$65.6M
▲ 28.7% vs prior year
Education median: $200K
Expenses (FY2024)
$63.6M
Net assets
$79.4M
Employees
437
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating68% to programs · $6 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Virginia Union University: 68% to programs · $6 to raise $100 earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Virginia Union University: 15 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Virginia Union University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Virginia Union University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide a nurturing, intellectually challenging and spiritually enriching environment for learning, empower students to develop strong moral values, and develop scholars, leaders and lifelong learners.
Contact & location
- Address
- 1500 N Lombardy St, Richmond, VA, 23220
- City
- Richmond
- State
- Virginia
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $40.8M (FY2013) to $65.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $50.7MNet assets $79.4M
Operating margin
3.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$130.1M
Total liabilities
$50.7M
Net assets
$79.4M
Salaries & benefits
$23.0M
36% of expenses
Board members
21
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $65,604,693▲28.7% | $63,630,019▲17.4% | $79,436,413▲6.9% | $130,146,019▲20.3% | 990 |
| 2023 | $50,981,433 | $54,222,404▼1.1% | $74,312,006▲0.1% | $108,195,240▲12.2% | 990 |
| 2022 | $50,984,411▲6.6% | $54,833,069▲0.2% | $74,205,150▼2.9% | $96,425,618▲6.2% | 990 |
| 2021 | $47,824,322▼32.9% | $54,738,250▲20.9% | $76,447,863▼16.7% | $90,836,786▼12.7% | 990 |
| 2020 | $71,236,493▲57.6% | $45,275,618▼1.9% | $91,732,729▲47.0% | $104,066,612▲20.7% | 990 |
| 2019 | $45,202,255▲6.2% | $46,174,814▲2.1% | $62,401,876▼2.1% | $86,212,690▲0.7% | 990 |
| 2018 | $42,546,235▼9.9% | $45,229,545▲2.6% | $63,758,781▼3.0% | $85,643,843▼1.1% | 990 |
| 2017 | $47,220,139▲11.4% | $44,067,203▲1.9% | $65,742,858▲1.8% | $86,553,371▼0.3% | 990 |
| 2016 | $42,392,536▼5.2% | $43,235,145▼0.4% | $64,551,264▲3.1% | $86,843,665▲1.4% | 990 |
| 2015 | $44,709,900▲9.2% | $43,388,250▲5.5% | $62,603,808▲0.6% | $85,634,394 | 990 |
| 2014 | $40,953,186▲0.4% | $41,109,169▲9.5% | $62,255,454▼2.2% | $85,673,761▼4.5% | 990 |
| 2013 | $40,794,430 | $37,542,978▲4.0% | $63,642,551▲10.6% | $89,673,745▲26.7% | 990 |
| 2012 | — | $36,098,584▲3.6% | $57,535,995▲6.5% | $70,783,825▲6.6% | 990 |
| 2011 | — | $34,849,140▼2.2% | $54,039,228▲10.7% | $66,425,344▲8.4% | 990 |
| 2010 | — | $35,619,225▲9.6% | $48,796,322▲8.6% | $61,254,709▲4.7% | 990 |
| 2009 | — | $32,494,850 | $44,922,255 | $58,505,289 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Dr Hakim Lucas — $1,154,217 (1.81% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Hakim Lucas | President | 40 | $1,154,217 |
| Mr Franklin E Patterson | Chief of Staff | 40 | $315,543 |
| Mr Gregory E Lewis | Vp Financial Affairs | 40 | $256,572 |
| Mignon Jacobs | Vp, Academic Affairs, Provost Sac | 40 | $205,000 |
| John E Guns | Assistant Professor, Practical Theology | 40 | $179,300 |
| Mr Michael S Manigault | Associate Vp, Philanthropy | 40 | $166,154 |
| Dr Robin R Davis | Associate Professor, Management | 40 | $158,300 |
| Mr Joseph D Taylor | Vp, Intercollegiate Athletics | 40 | $157,154 |
| Dr Darran T Brandon Sr | Trustee | 2 | — |
| Dr Howard-john Wesley | Trustee | 2 | — |
| Dr James E Coleman Jr | Trustee | 2 | — |
| Dr Jimmy R Jenkins Sr | Trustee | 2 | — |
| Dr Lucille M Brown | Trustee | 2 | — |
| Dr Pamela Kiecker Royall | Trustee | 2 | — |
| Dr Roland E Moore | Vice Chair | 2 | — |
| Dr Theron D Williams Sr | Trustee | 2 | — |
| Dr Waddell G Jones Jr | Trustee | 2 | — |
| Dr W Franklyn Richardson | Chairman | 2 | — |
| Mr Darius A Johnson | Trustee | 2 | — |
| Mr Kei'shaun D Hardy | Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Taylor & Parrish | Construction Company | $1,604,935 |
| Servpro of Richmond 5073 | Restoration Servies | $1,533,219 |
| Eab Global Inc | It Services | $784,091 |
| Mediatech Inc | It Services | $750,460 |
| Mcguire Woods LLP | Legal Services | $748,910 |
Grants received · $12.3M total
76 grants to Virginia Union University totaling $12.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| United Negro College Fund Inc | Grants & scholarships, area office joint campaign | 2024 | $1,082,762 |
| The Community Foundation Inc | University or private school | 2024 | $419,381 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $217,210 |
| Strada Education Foundation Inc | Operating grant | 2024 | $110,177 |
| Sentara Health | Sentara scholars program | 2024 | $95,000 |
| American Online Giving Foundation Inc | General support | 2024 | $32,176 |
| Student Freedom Initiative Inc | Helps program | 2024 | $20,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Pga Tour Inc | General support | 2024 | $5,700 |
| United Negro College Fund Inc | Grants & scholarships, area office joint campaign | 2023 | $895,116 |
| The Community Foundation Inc | University or private school | 2023 | $519,773 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $217,210 |
| Strada Education Foundation Inc | Operating grant | 2023 | $137,200 |
| Student Freedom Initiative Inc | Helps program | 2023 | $80,030 |
| Wabash College | Educational assistance | 2023 | $30,000 |
Similar organizations in Education
Education
Common Application Inc
Arlington, VA
$65.8M
Cannual revenue
Education
Communities In Schools Inc
Arlington, VA
$64.5M
Aannual revenue
Education
Collegiate School
Richmond, VA
$64.1M
Aannual revenue
Education
Graduate Management Admission Council
Reston, VA
$67.4M
B+annual revenue
Education
Old Dominion University Research Foundation
Norfolk, VA
$63.3M
Aannual revenue
Education
Entrepreneurs Organization
Alexandria, VA
$69.6M
Aannual revenue
Education
Hollins University Corporation
Roanoke, VA
$69.9M
Aannual revenue
Education
Potomac School
Mclean, VA
$71.5M
Aannual revenue
Education
Averett University
Danville, VA
$59.6M
Bannual revenue
Education
Mary Baldwin University
Staunton, VA
$56.7M
B+annual revenue
Compare Virginia Union University
Frequently asked questions
- Is Virginia Union University a legitimate nonprofit?
- Yes. Virginia Union University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0524516, based in Richmond, Virginia. Donations are tax-deductible.
- What is Virginia Union University's EIN?
- Virginia Union University's Employer Identification Number (EIN) is 54-0524516.
- How much revenue does Virginia Union University report?
- Virginia Union University reported $65,604,693 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Virginia Union University's spending goes to programs?
- Virginia Union University spends about 68% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Virginia Union University have?
- CharityIndex grades Virginia Union University B+, based on program efficiency and fundraising cost.
- How much does Virginia Union University's highest-paid employee make?
- The highest reported compensation on Virginia Union University's latest Form 990 is $1,154,217, paid to Dr Hakim Lucas (President).
More nonprofits in Richmond
Explore more
Data for Virginia Union University (EIN 54-0524516) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.