Public Charity

VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL

VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL is a Public Charity headquartered in RICHMOND, VA. Financial data from the 2025 filing: $1.5M revenue, $1.3M expenses, $1.2M total assets. 6 publicly reported grants to this organization, totaling roughly $713K, appear in IRS filings.

EIN: 541640716 RICHMOND, VA Chambers of Commerce & Business Leagues NTEE: S41 Latest filing: 2025
Total Revenue$1.5M
Total Expenses$1.3M
Total Assets$1.2M
Grant Records6
Funding Total$713K
Filing Years2021–2025

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.

Sample Grants Received

2023
For grant recipient's exempt purposes
$20,000
2020
PROVIDE RESEARCH, DATA, FINANCIAL MANAGEMENT AND OPERATIONAL SUPPORT TO PROMOTE COLLABORATIVE PLANNING, ECONOMIC DEVELOPMENT AND WORKFORCE ACTIVITIES
$378,313
2020
GENERAL PURPOSES OF LIGHTHOUSE LABS
$10,000
2017
GENERAL PURPOSES W/ PREFERENCE GIVEN TO A VETERAN ENTREPRENEUR.
$5,000

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

DIRECTOR Brian Anderson
CEO Chandra Briggman
DIRECTOR Dr Josheph P Casey
DIRECTOR Elizabeth Creamer
DIRECTOR / EXECUTIVE DIREC Erin Powell
DIRECTOR Garret Westlake

Officer compensation and complete director data available with membership.

Top Grant Purposes

PROVIDE RESEARCH, DATA, FINANCIAL MANAGEMENT AND OPERATIONAL SUPPORT TO PROMOTE COLLABORATIVE PLANNING, ECONOMIC DEVELOPMENT AND WORKFORCE ACTIVITIES
$378,313 1 grant
RESEARCH
$300,000 2 grants
For grant recipient's exempt purposes
$20,000 1 grant
GENERAL PURPOSES OF LIGHTHOUSE LABS
$10,000 1 grant
GENERAL PURPOSES W/ PREFERENCE GIVEN TO A VETERAN ENTREPRENEUR.
$5,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $1.5M $1.3M $1.2M
2024 $1.5M $1.6M $2.4M
2023 $1.3M $1.8M $2.6M
2022 $1.9M $1.4M $1.6M
2021 $1.2M $810K $855K

Between 2021 and 2025, reported annual revenue grew from $1.2M to $1.5M (+30%), with total assets most recently reported at $1.2M.

Interactive year-over-year charts and full filing details available with membership.

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