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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Virginia Student Aid Foundation Inc.

Virginia Student Aid Foundation Inc.

Fiscal year ending 2021. Filed on September 23, 2022.

PO Box 400833
Charlottesville, Virginia 22904

Virginia Student Aid Foundation Inc. (EIN: 54-0517188), also known as Virginia Athletics Foundation, has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2021 IRS Form 990 filing, Virginia Student Aid Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 7 out of 23 total employees. Among the employees shown here, the average compensation is $203,200. The highest compensated employee at Virginia Student Aid Foundation Inc. is Dirk P Katstra with fiscal year 2021 compensation of $399,024.

Revenue, expenses, and employee compensation

Revenue

$45,876,846

Expenses

$40,287,970

Employee compensation

$2,449,267
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Dirk P Katstra
EXEC Director, Sec/Treas
$399,024
$312,946 No related comp$86,078
Michael T Kersey
Chief Operating Officer
$222,833
$175,987 No related comp$46,846
Donna G Mahan
Financial Operations Director
$182,954
$134,477 No related comp$48,477
Jeffrey B Ford
Associate Director
$162,480
$127,883 No related comp$34,597
Lorenza E Davis Jr
Associate Director
$159,151
$124,484 No related comp$34,667
Heather L Troudt
Associate Director
$150,785
$126,056 No related comp$24,729
Robert G Schmalz
Associate Director
$145,170
$122,177 No related comp$22,993

Benchmark Employee Compensation

Non-Employee Board Members

A Wellford Tabor
Trustee
Alan A McClure
Former President and Trustee
Andrew S Peskin
Trustee
Anne Carter Smith
Trustee ex officio
Barry L Parkhill
Trustee
Carla G Williams
Trustee
Charles R Birdsong
Trustee
Christopher A Harrison
Trustee
Craig W Packer
ex officio
Cynthia Brinker Simmons
Trustee
Edmund F Garno III
Trustee
Franklin S Edmonds Jr
Vice President and Trustee

Contractors

University of Virginia Investment Mngt
Investment Management
$241,865
Card Connect
Credit Card Processor
$149,394
Coman Publishing CO
Publications
$122,547

Mission Statement

THE VIRGINIA ATHLETICS FOUNDATION, THROUGH ITS FUND-RAISING EFFORTS, STRIVES TO SUPPORT A PREEMINENT INTERCOLLEGIATE ATHLETICS PROGRAM AT THE UNIVERSITY OF VIRGINIA BY PROVIDING STUDENT-ATHLETES THE OPPORTUNITY TO ACHIEVE ACADEMIC AND ATHLETIC EXCELLENCE.

Revisions to this organization profile

September 13, 2025:
2024 Virginia Student Aid Foundation Inc. 990 filed
September 16, 2024:
2023 Virginia Student Aid Foundation Inc. 990 filed
September 27, 2023:
2022 Virginia Student Aid Foundation Inc. 990 filed

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