Virginia · Nonprofit
VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL
VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL (Virginia) receives grants from 3 organizations whose IRS filings report $325,000 to it, the largest being VIRGINIA INNOVATION PARTNERSHIP CORPORATION ($300,000). 1 of them have funded it in more than one year.
- Revenue FY2025
- $1.5M
- Funders on record
- 3
- Grants received
- $325k
- Net assets
- $254k
What Virginia Biotechnology Research Park Activation Capital does
Mission
Virginia biotechnology research park (the activation council), as an anchor for the knowledge-based community , will provide the leadership and vision to the richmond regional innovation ecosystem with a willingness to invent, take and manage risks, and share credit for success.
As stated on its FY2025 Form 990.
Program
Support of lighthouse labs regional acceleration program and hosted the scoreboard business model competition.
$1,307,311 spent100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,307,311.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $2.4M to $1.2M (−48%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 12% · 2020 30% · 2021 52% · 2022 15% · 2023 43% · 2024 94% · 2025 98%. Grants only. Government contracts and fees sit inside program revenue.
98% of VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL’s revenue is contributions — more reliant on donations than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Chandra Briggman
CEO
Board chair
Michael Rao
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2021: the base held at 1 funder, grant income rose $5k → $200k.
2 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 8% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $398k from 2 payers (the payer shares this organization's board, largest Grow Capital Jobs Foundation). These are real filings, and they are not money VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL raised.
From the IRS filings of VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL leans on a few funders — its largest provides 92% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL.
Largest funder’s share by year: 2017 100% · 2021 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL's grant income comes from Virginia funders.
Funder states come from each funder’s own filing. $25k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL has grown faster than three-quarters of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Government funding VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.5M on record.
- Small Business Administration$1.5M
- National Science Foundation$1.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
100% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL?
- VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL (Virginia) receives grants from 3 organizations whose IRS filings report $325,000 to it, the largest being VIRGINIA INNOVATION PARTNERSHIP CORPORATION ($300,000). 1 of them have funded it in more than one year.
- How many funders does VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL have?
- IRS filings report 3 organizations giving $325,000 in grants to VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL, 1 of which have funded it in more than one year.
- Who is the largest funder of VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL?
- VIRGINIA INNOVATION PARTNERSHIP CORPORATION is the largest funder on record, with $300,000 in grants. The full list of funders is on this page.
- How can an organization like VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing