Nonprofits/Organizations/54-1259576
Active
501(c)(3)
Form 990

Virginia Urologic Foundation

EIN 54-1259576Charlottesville, VA 229115801Founded 1983WebsiteIRS Tax Year 2022 · Period ending June 30, 2023
Mission Statement

TO SUPPORT UROLOGICAL AND RELATED RESEARCH, MEDICAL CARE, AND PROVIDE RESEARCH SUPPORT FOR STUDENTS AT THE UNDERGRADUATE, POSTGRADUATE, AND THE CONTINUING EDUCATION LEVELS.

IRS Tax Year 2022

Period ending June 30, 2023

Tax years 2023, 2024 filings not yet available. This is the most recent filing on record.

Total Revenue

$0

Total Expenses

$903K

+201.1%YoY

Net Assets

$0

-100.0%YoY

Employees

0

Volunteers

3

Grants Paid

$903K

Program Expense Ratio

100.0%

This nonprofit profile presents IRS Form 990 tax filing data for Virginia Urologic Foundation (EIN: 54-1259576), based on the 2022 tax year annual return filed with the Internal Revenue Service.

Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.

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RoundPaper IndicatorsTax Year 2022

Financial Health

Program spending ratio of 100.0% — excellent
0.0 months of operating reserves — limited runway
Expenses increased +201.1% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
2-member board

Compensation

Top compensation: $1,544,110 (UPG PRESIDENT)
Top exec pay is 171.0% of total expenses — elevated
Schedule J filed for 4 individuals — detailed disclosure
No executive perks reported

Program Effectiveness

1 program reported
100.0% of spending goes to programs
No programs generate independent revenue
$903K in grants paid to other organizations
3 volunteers engaged

Financial Stability

0.0 months cash runway — tight liquidity
Net assets declining over recent filings

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
No family/business relationships on board

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

Virginia Urologic Foundation is a 501(c)(3) nonprofit headquartered in Charlottesville, VA, founded in 1983. In its 2022 filing, the organization reported $0 in total revenue, and $903K in total expenses. The organization engaged 3 volunteers. Abhihav B Chhabra MD, UPG PRESIDENT, is the highest-compensated individual at $1,544,110. The organization runs 1 program, totaling $903K in program expenses. 4 of 6 recommended governance policies are in place.

Programs(Tax Year 2022)

1 record

Programs Overview

Virginia Urologic Foundation operates 1 program, with total program expenses of $903K. Virginia Urologic Foundation's largest program accounts for 100% of total program spending.

1
Program 1Expenses: $903,175

VIRGINIA UROLOGIC FOUNDATION PROVIDED RESEARCH SUPPORT FOR STUDENTS AT THE UNDERGRADUATE, POSTGRADUATE, AND CONTINUING EDUCATION LEVELS.

Financial Overview(Tax Years 2019–2022)

4 records

Financial Highlights

Over the past 4 years, Virginia Urologic Foundation's revenue has remained stable from $0 to $0. Program expenses represent 100% of total spending.

Expenses grew 201.1%, while net assets fell to $0, down 100.0% from the prior year.

Virginia Urologic Foundation distributed $903K in grants to other organizations and individuals, representing 100% of total expenses.

Virginia Urologic Foundation holds $0 in total assets against $0 in liabilities. Cash and equivalents of $0 cover approximately 0.0 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2022$0$0$0$0$0
2021$0$0$0$0$0
2020$0$0$0$0$0
2019$0$0$0$0$0

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2022$903K$903K$0$0$903K
2021$300K$300K$0$0$300K
2020$200K$200K$0$0$200K
2019$281K$281K$0$0$325K

Program Expense Ratio

100.0%

Admin Expense Ratio

Fundraising Efficiency

Operating Reserve

0.0 mo

People & Compensation(Tax Year 2022)

5 records

Compensation Summary

Virginia Urologic Foundation reported compensation for 5 officers and key employees. Total officer compensation was $3.2M, representing 353.2% of total expenses. 2 individuals received total compensation exceeding $500,000.

Virginia Urologic Foundation's highest-compensated individual received $1.5M in total compensation. Total officer compensation of $3.2M represents 353.2% of total expenses. 1 individual received total compensation exceeding $1,000,000.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
Abhihav B Chhabra MDUPG PRESIDENT
Former
$0$1,500,689$1,544,110
Art Saavedra MDUPG President
OfficerDirector
$0$824,064$852,933
Susan RumseyChief Financial Officer
OfficerDirector
$0$420,392$449,293
J COREY FEISTCEO
Former
$0$341,577$343,979
J SCOTT JUST MDCEO
OfficerDirector
$0$0$0

Compensation Breakdown

Schedule J detail — base, bonus, benefits, and executive perks

Art Saavedra MD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Susan Rumsey

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Abhihav B Chhabra MD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

J COREY FEIST

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Governance & Compliance(Tax Year 2022)

Governance Snapshot

Virginia Urologic Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 2 members, 0 of whom are independent.

Virginia Urologic Foundation's financial statements are audited, an audit committee oversees the process.

Policies & Oversight

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members2
Independent members0

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Grants Awarded(Tax Year 2022)

1 record

Grantmaking Summary

Virginia Urologic Foundation awarded $903K across 1 grant to organizations. Top recipients include UVA DEPT OF UROLOGY (CHARLOTTESVILLE, VA) — $903K for charitable.

Organization Grants

RecipientLocationAmountPurpose
UVA DEPT OF UROLOGY541124769CHARLOTTESVILLE, VA$903KCHARITABLE

Filing History(Tax Years 1983–2022)

4 records

Showing the 4 Form 990 filings currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2022
990
2022-07-01 – 2023-06-30$0$903K$0
2021
990
2021-07-01 – 2022-06-30$0$300K$903K
2020
990
2020-07-01 – 2021-06-30$0$200K$1.2M
2019
990
2019-07-01 – 2020-06-30$0$281K$1.4M
1983–2018No filings acquired yet

Frequently Asked Questions

What does Virginia Urologic Foundation do?

TO SUPPORT UROLOGICAL AND RELATED RESEARCH, MEDICAL CARE, AND PROVIDE RESEARCH SUPPORT FOR STUDENTS AT THE UNDERGRADUATE, POSTGRADUATE, AND THE CONTINUING EDUCATION LEVELS.

How much revenue does Virginia Urologic Foundation have?

Virginia Urologic Foundation reported $0 in total revenue for tax year 2022.

Who is the highest-paid executive at Virginia Urologic Foundation?

Abhihav B Chhabra MD, UPG PRESIDENT, received $1,544,110 in total compensation as of tax year 2022.

Is Virginia Urologic Foundation a 501(c)(3)?

Yes, Virginia Urologic Foundation is classified as a 501(c)(3) tax-exempt organization.

Where is Virginia Urologic Foundation located?

Virginia Urologic Foundation is headquartered in Charlottesville, VA 229115801.

Is Virginia Urologic Foundation audited?

Yes, Virginia Urologic Foundation's financial statements are audited, and the organization has an audit committee.

Does Virginia Urologic Foundation give grants?

Yes, Virginia Urologic Foundation distributed $903,175 in grants to other organizations and individuals in tax year 2022. Top recipients include UVA DEPT OF UROLOGY.

Data Source

Prepared by: BDO USA, MCLEAN, VA

IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.

Publicly available IRS data
Verified filing records
Updated quarterly
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