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Virginia Academy of Science Engineering and Medicine Inc

EIN 46-3787774 · Richmond, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceFair59 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE PRIMARY PURPOSES OF VASEM SHALL BE TO:(1) INFORMPROVIDE AN INDEPENDENT RESOURCE OF EXPERTISE IN SCIENCE, ENGINEERING AND MEDICINE TO THE COMMONWEALTH OF VIRGINIA; ENVISION FUTURE TRENDS AND PROVIDE LEADERSHIP IN CATALYZING EMERGING OPPORTUNITIES;(2) ADVOCATEPROMOTE INVESTMENTS IN JOB GROWTH, RESEARCH, AND SOLUTIONS TO CHALLENGES IN SCIENCE, ENGINEERING AND TECHNOLOGY; SUPPORT EMERGING LEADERS IN SCIENCE, ENGINEERING AND MEDICNE TOWARD THEIR ELECTION IN THE NATIONIAL ACADEMIES;(3)SERVEFOSTER NEW COLLABORATIONS BETWEEN BUSINESSES AND THE COMMONWEALTH OF VIRGINIA UNIVERSITIES AND COLLEGES; GROW VIRGINIA'S COMPETITIVENESS FOR NEW BUSINESS INVESTMENTS, FEDERAL FUNDING AND JOB GROWTH.

Income
$438,858
Spending
$334,881
Spent on programs
81%
Reserves
18.1 months of spending
Largest source of income
donations and private grants, 97%
Employees
1
Volunteers
22

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 79% of charities in its peer group (philanthropy, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 18.1 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 24% of income.

  • Income trend

    15 of 15

    Income rose 102% on the year before.

  • Spending floor

    15 of 15

    81% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 59 out of 100. Higher than 28% of charities in its peer group (philanthropy, $250k to $1m).

  • Independent board

    25 of 25

    17 of 17 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $179,723 spent. PULLING TOGETHER INDIVIDUALS FROM INDUSTRY, ACADEMIC, AND GOVERNMENT 'SILOS' TO CREATE CROSS-INDUSTRY AND CROSS-DISCIPLINARY OPPORTUNITIES IN FAST-MOVING TECHNICAL FIELDS THAT INCLUDE BIG DATA, TRANSPORTAION AND AUTONOMOUS SYSTEMS AND BECOME A RESOURCE FOR LEGISLATIVE AND OTHER GROUPS AS A BRAIN TRUST FOR INDUSTRY, GOVERNMENT AND EDUCATION.
  2. $93,016 spent. THE COMMONWEALTH OF VIRGINIA ENGINEERING AND SCIENCE (COVES) FELLOWSHIP IS A 12-WEEK FELLOWSHIP PROGRAM OF THE VIRGINIA ACADEMY OF SCIENCE, ENGINEERING AND MEDICINE (VASEM). GRADUATE STUDENT AND POSTDOCTORAL FELLOWS WILL SERVE AS SCIENCE ADVISORS IN A VARIETY OF POSSIBLE PLACEMENTS, INCLUDING LEGISLATIVE OFFICES, EXECUTIVE AGENCIES, OR PROMINENT COMPANIES AND NONPROFITS IN THE STATE OF VIRGINIA. FELLOWS WILL GAIN EXPERIENCE BY SERVING THEIR HOST OFFICE AND PERFORMING RELEVANT TASKS SUCH AS RESEARCHING, DRAFTING, AND REVISING RELEVANT POLICIES. FELLOWS WILL ALSO BE PAIRED WITH A VASEM MEMBER WHO WILL SERVE AS AN EXPERIENCED SCIENCE POLICY MENTOR THROUGHOUT THE FELLOWSHIP.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2014.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.