Overview
What is Virginia Tech Transportation Economic Development Inc?
Virginia Tech Transportation Economic Development Inc, based in Blacksburg, Virginia, is a nonprofit organization committed to driving economic growth in the rural region of Southern Virginia. They specialize in research, engineering education, advanced testing, and technology transfer, notably in the development of advanced materials, intelligent tire technologies, and vehicle dynamics data analysis. By providing these services to global clients, they contribute to the region's industrial practice and productivity. In addition, VTTEDI supports local education and nonprofit institutions, offering internships for students and developing curriculum with local colleges. They have established highly specialized facilities equipped with state-of-the-art equipment and technology, attracting companies worldwide to their Alton, VA location for advanced tire testing and modeling services. The organization currently employs over 40 individuals, contributing to the local workforce and supporting local businesses.
Official website here: www.vtti.vt.edu/national/index.html
Is Virginia Tech Transportation Economic Development Inc legitimate?
Virginia Tech Transportation Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Tech Transportation Economic Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,915,827
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vtti.vt.edu/national/index.html
What is the mission statement of Virginia Tech Transportation Economic Development Inc?
Virginia Tech Transportation Economic Development Inc's mission is focused on driving economic development in the rural region. The organization builds a solid foundation in research, engineering education, advanced testing, and technology transfer. This foundation significantly impacts industrial practice and productivity through the development of advanced materials, intelligent tire technologies, and vehicle dynamics data analysis. The organization contributes to the local economy by providing employment opportunities, supporting local businesses, and engaging with educational and nonprofit institutions. Virginia Tech Transportation Economic Development Inc also offers internships to students from Danville Community College and Virginia Tech Engineering, and collaborates with Patrick Henry Community College in racing activities. Additionally, the organization provides specialized research, tire testing, and modeling services to global customers and sponsors. It boasts state-of-the-art facilities equipped with advanced technology for tire testing and modeling and vehicle modeling, attracting companies worldwide for advanced services and data.
Official website here: www.vtti.vt.edu/national/index.html
Who is the CEO of Virginia Tech Transportation Economic Development Inc?
Christine Absher is the President of Virginia Tech Transportation Economic Development Inc.
Official website here: www.vtti.vt.edu/national/index.html
What is the revenue of Virginia Tech Transportation Economic Development Inc?
Virginia Tech Transportation Economic Development Inc's revenue in 2022 was $6,270,290.
Official website here: www.vtti.vt.edu/national/index.html
Who are the executives of Virginia Tech Transportation Economic Development Inc and what are their salaries?
The average compensation at Virginia Tech Transportation Economic Development Inc during 2022 was $69,424. There are 42 employees at Virginia Tech Transportation Economic Development Inc.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $428,672
- Other: $58,621
- Compensation: $0
- Related: $511,892
- Other: $70,705
- Compensation: $0
- Related: $480,851
- Other: $76,079
- Compensation: $0
- Related: $496,075
- Other: $78,272
- Compensation: $0
- Related: $177,799
- Other: $52,296
- Compensation: $0
- Related: $105,223
- Other: $40,123
- Compensation: $0
- Related: $216,873
- Other: $50,307
- Compensation: $0
- Related: $349,427
- Other: $66,700
- Compensation: $0
- Related: $342,547
- Other: $37,467
- Compensation: $260,326
- Related: $0
- Other: $0
- Compensation: $206,493
- Related: $0
- Other: $0
- Compensation: $209,008
- Related: $0
- Other: $0
Official website here: www.vtti.vt.edu/national/index.html
Where can I find the form 990 for Virginia Tech Transportation Economic Development Inc?
Virginia Tech Transportation Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vtti.vt.edu/national/index.html
Learn more at the official website: www.vtti.vt.edu/national/index.html
Mission Statement of Virginia Tech Transportation Economic Development Inc
Virginia Tech Transportation Economic Development Inc, often referred to as VTTEDI, is dedicated to driving economic development in rural areas of southern Virginia. Their mission encompasses building a robust foundation in research, engineering education, advanced testing, and technology transfer. This mission significantly impacts industrial practice and productivity by pioneering the development of advanced materials, intelligent tire technologies, and vehicle dynamics data analysis.
By doing so, VTTEDI contributes to the economic growth of Virginia's southside region in various ways. They provide career opportunities for over 40 employees, support local businesses, and engage with local educational and nonprofit institutions. VTTEDI has created internship opportunities for students from Danville Community College and Virginia Tech's Engineering department. Additionally, they have collaborated with Patrick Henry Community College, developing curriculum and offering support for their racing activities. VTTEDI also extends its support to the Academy of Engineering Technology, which focuses on high school students in the region.
VTTEDI's mission extends beyond its local community, as they provide specialized research, tire testing, and modeling services to global customers. They sponsor these services with cutting-edge facilities equipped with state-of-the-art equipment and technology for tire testing and modeling, as well as vehicle modeling. Companies from around the world travel to Alton, VA, to benefit from VTTEDI's advanced services and data provided by their team.
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Impact
October, 2024
Virginia Tech Transportation Economic Development Inc (VTTEDI) plays a transformative role in the economic landscape of Southern Virginia by focusing on research and education in transportation technology. Its primary impact lies in fostering economic development through advanced testing and innovative technologies, particularly in the fields of advanced materials, intelligent tire technologies, and vehicle dynamics data analysis.
VTTEDI enhances industrial practice and productivity by offering specialized research and testing services that attract global companies to their state-of-the-art facilities in Alton, Virginia. This capability provides significant career opportunities for over 40 employees and supports local businesses, thereby injecting vitality into the regional economy.
Furthermore, VTTEDI actively engages with local educational institutions, creating internships for students from Danville Community College and Virginia Tech. This collaboration not only strengthens the workforce but also enriches educational pathways by developing specialized curricula, such as those provided to Patrick Henry Community College's racing program and the Academy of Engineering Technology aimed at high school students in the Southside region.
Overall, VTTEDI contributes substantially to the economic development of Virginia's Southside by combining cutting-edge research, workforce development, and community engagement, establishing it as a key player in the region's growth and innovation in transportation technology.
This information is meant to be a general summary of Virginia Tech Transportation Economic Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $5,488,603
- Gross Receipts: $6,270,290
Assets and Liabilities:
- Total Assets: $11,029,540
- Total Liabilities: $8,550,187
- Net Assets: $2,479,353
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TESTING, MODELING, RES
Revenue
$5,488,603
Organization Details
Founding Year
2012
Phone
(540) 231-5751Principal Officer
Christine Absher
Main Address
902 PRICES FORK ROAD SUITE 4000, BLACKSBURG, VA, 24061
NTEE Category
Code: B11 - Education
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