Virginia Biotechnology Research Park Activation Capital logo

Virginia Biotechnology Research Park Activation Capital

Public charity · Grantmaker Richmond, VA EIN: 54-1640716 Website

Virginia Biotechnology Research Park is a public charity based in Richmond, Virginia, formed in 1992. Its 2024 filing describes it as an anchor for the knowledge-based community and says it provides leadership and vision to the Richmond regional innovation ecosystem.

Key facts about Virginia Biotechnology Research Park Activation Capital

EIN
54-1640716
Latest 990 filing
Form 990, 2025
Total assets
$1,249,291

Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$1.2M

-48.1% YoY

Revenue

$1.5M

+5.0% YoY

Net Investment Income

$32K

-34.4% YoY

Expenses

$1.3M

-17.3% YoY

Is Virginia Biotechnology Research Park Activation Capital open to new grantees?

100%

first-time grantees, 2022

In 2022, 15 of 15 grantees (100%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $21K. How we count

  • 0% of 2022 grantees were also funded in 2021. Method

Estimate from itemized grant lists in IRS Form 990 filings (2020–2022). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The organization states that it aims to provide leadership and vision to the Richmond regional innovation ecosystem, with a willingness to invent, take and manage risks, and share credit for success. Its 2024 filing describes support for the Lighthouse Labs regional acceleration program and hosting the SCOREboard Business Model Competition.

Grantmaking

The provided filing data lists zero grants in each of 2023, 2024, and 2025. It does not provide grant recipients, award amounts, application instructions, or a deadline.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

13states
+5 more states

Cities

RichmondCharlottesvilleHenricoPhiladelphiaRoanokeAnn AnrborAustinBirminghamBlacksburgCambridgeCamdenDenverDetroitFairfaxFalls ChurchFort DefianceFresnoGlen AllenHerndonHouston

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K15 grants2020 18 grants2021 15 grants2022 0 grants2023 0 grants2024 0 grants2025

From 2020 to 2022, annual grant giving ranged from $224K (2020) to $373K (2021). In 2022 it made 15 grants totaling $315K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

33 grants across all recorded years

33<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 33 grants of 33 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $1,249,291 $1,526,377 $1,309,343 0
2024 $2,408,437 $1,454,208 $1,583,864 0
2023 $2,628,517 $1,323,136 $1,780,360 0
Revenue
Expenses
Net Investment Income
$0$1M$2M$3M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,249,291$2,408,437$2,628,517
Revenue$1,526,377$1,454,208$1,323,136
Expenses$1,309,343$1,583,864$1,780,360
Net Investment Income$31,607$48,153$5,268

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS May 10, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS February 15, 2023)
  4. Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
  5. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

Officers and directors listed on the 2025 filing are Chandra Briggman, CEO; Robert Klein, director; Michael Rao, chair; Jennifer Finn, vice-chair; John A Vithoulkas, secretary; Karen Booth Adams, director; Brian Anderson, director; the Hon Caren Merrick, director; John Budesky, director; and Dr Josheph P Casey, director.

Virginia Biotechnology Research Park Activation Capital is led by Chandra Briggman, CEO on every filing since 2021; none of the 18 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Chandra Briggman

    CEO

    On filings since 2021

    10 hrs/week

    No compensation reported

  • Erin Powell

    Director & Executive Director

    Director → Director & Executive Director, 2022

    On filings since 2020

    40 hrs/week

    $140K (2022) → $0 (2025)

  • Michael Rao

    Chair

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Brian Anderson

    Director

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • Elizabeth Creamer

    Director

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • Garret Westlake

    Director

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • John Budesky

    Director

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • Josheph P. Casey

    Director

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • Karen Booth Adams

    Director

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • Lisa Sims

    Director

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • P. Srirama Rao

    Director

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • The Hon Levar Stoney

    Director

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • Richard Wintsch

    Director

    On filings since 2022

    0.2 hrs/week

    No compensation reported

  • Robert Klein

    Director

    On filings since 2022

    0.2 hrs/week

    No compensation reported

  • The Hon Caren Merrick

    Director

    On filings since 2022

    0.2 hrs/week

    No compensation reported

  • Jennifer Finn

    Vice Chair

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • John A. Vithoulkas

    Secretary

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • Paul Nolde

    Treasurer

    Director → Treasurer, 2021

    On filings since 2020

    0.2 hrs/week

    No compensation reported

Former officers (8)
  • Former: Bryan Bostic (2020–2022) — Director
  • Former: Anthony Romanello (2022) — Director
  • Former: Carrie Roth (2020–2021) — COO
  • Former: George Karles (2020–2021) — Director
  • Former: Joseph Tannery (2020–2021) — Director
  • Former: Joy P. Edgett (2020–2021) — Former Treasurer
  • Former: Sara Maddox (2020–2021) — Assistant Secretary
  • Former: The Hon Brian Ball (2020–2021) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2022 IRS filing

Erin Powell — Director / Executive Director: $140KErin PowellDirector / Executive Director$140K

The highest reported compensation on the 2022 filing was $140K, to Erin Powell (Director / Executive Director).

Contact

Mailing address: 800 East Leigh Street, Richmond, VA 23219
Phone: (804) 828-0963
Website: https://vabiotech.com

Frequently asked questions about Virginia Biotechnology Research Park Activation Capital

How large is Virginia Biotechnology Research Park Activation Capital?

Virginia Biotechnology Research Park Activation Capital reported $1.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.5M.

What does Virginia Biotechnology Research Park Activation Capital fund?

The organization states that it aims to provide leadership and vision to the Richmond regional innovation ecosystem, with a willingness to invent, take and manage risks, and share credit for success. See mission & focus areas ↑

How do I apply for a grant from Virginia Biotechnology Research Park Activation Capital?

Virginia Biotechnology Research Park Activation Capital has no public application process in the sources Grantable reviewed. Check vabiotech.com for current guidelines, or contact the foundation directly before submitting a request.

What is Virginia Biotechnology Research Park Activation Capital's EIN?

Virginia Biotechnology Research Park Activation Capital's EIN (Employer Identification Number) is 54-1640716. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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