VIRGINIA STATE UNIVERSITY FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
VIRGINIA STATE UNIVERSITY FOUNDATION (EIN 54-6074532)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-04-26
IRS object ID
202421179349301952
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-26T12:17:26-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN540504608PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BROWN EDWARDS & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1701 TOWN CENTER DRIVE SUITE 700AddressLine1Txt
CityNEWPORT NEWSCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23606ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN546074532EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VIRGINIA STATE UNIVERSITY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVIRGBusinessNameControlTxt
Phone8045245215PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 9027AddressLine1Txt
CityPETERSBURGCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23806ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT L TURNER JRPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8045245215PhoneNum
Signature2024-04-24SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstROBERTPersonFirstNm
Person LastTURNER JRPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLESLIE F ROBERTSPreparerPersonNm
PTINP00040492PTIN
Phone7578731033PhoneNum
Preparation2024-04-23PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROBERT L TURNER JRPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 9027AddressLine1Txt
CityPETERSBURGCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23806ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$14,186,404GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressFOUNDATION.VSU.EDUWebsiteAddressTxt
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Other Organization DscFOUNDATIONOtherOrganizationDsc
Formation1968FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionTO SUPPORT THE MISSION OF VIRGINIA STATE UNIVERSITY BY RECEIVING, MANAGING AND DISTRIBUTING DONATIONS AND CONTRIBUTIONS THAT AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.ActivityOrMissionDesc
Voting Members Governing Body18VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Volunteers24TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,058,177PYContributionsGrantsAmt
CY Contributions Grants$5,224,088CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$334,895PYInvestmentIncomeAmt
CY Investment Income-$37,162CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$4,393,072PYTotalRevenueAmt
CY Total Revenue$5,186,926CYTotalRevenueAmt
PY Grants And Similar Paid$696,920PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$969,407CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$193,370PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$251,422CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$80,738CYTotalFundraisingExpenseAmt
PY Other Expenses$998,794PYOtherExpensesAmt
CY Other Expenses$1,513,924CYOtherExpensesAmt
PY Total Expenses$1,889,084PYTotalExpensesAmt
CY Total Expenses$2,734,753CYTotalExpensesAmt
PY Revenues Less Expenses$2,503,988PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,452,173CYRevenuesLessExpensesAmt
Total Assets BOY$28,931,771TotalAssetsBOYAmt
Total Assets EOY$36,672,974TotalAssetsEOYAmt
Total Liabilities BOY$4,248,427TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,853,352TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$24,683,344NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$29,819,622NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO SUPPORT THE MISSION OF VIRGINIA STATE UNIVERSITY BY RECEIVING, MANAGING AND DISTRIBUTING DONATIONS AND CONTRIBUTIONS THAT AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$969,407ExpenseAmt
Grant$969,407GrantAmt
DescSCHOLARSHIPS AND AWARDS TO STUDENTS. 296 SCHOLARSHIPS WERE AWARDED DURING THE YEAR.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$927,524ExpenseAmt
DescPROGRAM SUPPORT SERVICESDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$348,403ExpenseAmt
DescSUPPORT OF ATHLETIC PROGRAMSDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$10,000ExpenseAmt
DescBAND SUPPORT, ACADEMIC SUPPORT, AND VARIOUS MISSION SUPPORT PROGRAMS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$10,000TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$2,255,334TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document59IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee3EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members18GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VSU FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8045245864PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 HAYDEN DRIVE PO BOX 9027AddressLine1Txt
CityPETERSBURGCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23806ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
BEVERLY EVERSON-JONES
TRUSTEE2.00Yes (X)$0$0$0
DANTE JACKSON
TRUSTEE2.00Yes (X)$0$0$0
CLIFF TAYLOR
TRUSTEE2.00Yes (X)$0$0$0
FRANK JONES
TRUSTEE2.00Yes (X)$0$0$0
MICHAEL RAINEY
TRUSTEE2.00Yes (X)$0$0$0
WILBERT J BRIGGS SR
TRUSTEE2.00Yes (X)$0$0$0
BRENDA STITH-FINCH
CHAIR5.00Yes (X)$0$0$0Yes (X)
FRASIER W BRICKHOUSE II
TRUSTEE2.00Yes (X)$0$0$0
IRENE F LOGAN
TREASURER5.00Yes (X)$0$0$0Yes (X)
KEVIN DAVENPORT
VSU VP ADMIN & FINANCE2.00Yes (X)$0$229,243$90,86840.00
HAROLD GREEN
VSU BOARD OF VISITORS2.00Yes (X)$0$0$0
VALARIE A JONES
VICE-CHAIR5.00Yes (X)$0$0$0Yes (X)
EARNEST A BAZEMORE
SECRETARY5.00Yes (X)$0$0$0Yes (X)
NARDOS E KING
TRUSTEE2.00Yes (X)$0$0$0
CLAUDE A WOOD
TRUSTEE2.00Yes (X)$0$0$0
ANGEL CLARKE
TRUSTEE2.00Yes (X)$0$0$0
TONYA S HALL
VSU VP FOR EXTERNAL AFFAIR2.00Yes (X)$0$175,525$54,22440.00
KARA C KING BESS
TRUSTEE2.00Yes (X)$0$0$0
ROBERT L TURNER JR
EXECUTIVE DIRECTOR40.00$47,500$0$0Yes (X)
MAKOLA M ABDULLAH
EX-OFFICIO2.00$0$404,681$85,844Yes (X)40.00
HARRISON BONNER III
DIRECTOR OF FINANCE & ACCO40.00$50,000$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$97,500TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$809,449TotReportableCompRltdOrgAmt
Total Other Compensation$230,936TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$5,224,088AllOtherContributionsAmt
Total Contributions$5,224,088TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$539,190TotalRevenueColumnAmt
Exclusion$539,190ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$8,423,126SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$8,999,478SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$576,352SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$576,352TotalRevenueColumnAmt
Exclusion-$576,352ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,186,926TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$37,162ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$969,407TotalAmt
Program Services$969,407ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$162,500TotalAmt
Program Services$10,000ProgramServicesAmt
Management And General$152,500ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$80,738TotalAmt
Fundraising$80,738FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$8,184TotalAmt
Management And General$8,184ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$63,225TotalAmt
Management And General$63,225ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$119,529TotalAmt
Management And General$119,529ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$890TotalAmt
Management And General$890ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$30,000TotalAmt
Management And General$30,000ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$15,375TotalAmt
Management And General$15,375ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROGRAM SUPPORT$927,524$927,524
ATHLETIC SUPPORT$348,403$348,403
ADMIN DISCRETIONARY$6,014$6,014
BANK FEES$1,891$1,891

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,073TotalAmt
Management And General$1,073ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,734,753TotalAmt
Program Services$2,255,334ProgramServicesAmt
Management And General$398,681ManagementAndGeneralAmt
Fundraising$80,738FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,599,375BOYAmt
EOY$3,658,273EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,984,136BOYAmt
EOY$3,498,739EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$16,673BOYAmt
EOY$518,143EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$27,000LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$27,000BOYAmt
EOY$27,000EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$24,932,005BOYAmt
EOY$28,804,313EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$67,050BOYAmt
EOY$64,334EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$305,532BOYAmt
EOY$102,172EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$28,931,771BOYAmt
EOY$36,672,974EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$21,529BOYAmt
EOY$21,904EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,226,898BOYAmt
EOY$6,831,448EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,248,427BOYAmt
EOY$6,853,352EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$222,438BOYAmt
EOY$742,687EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$24,460,906BOYAmt
EOY$29,076,935EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$24,683,344BOYAmt
EOY$29,819,622EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$28,931,771BOYAmt
EOY$36,672,974EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,452,173ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$2,684,105NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,790,272CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,371,589CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,555,554CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,058,177CurrentTaxYearMinus1YearAmt
Current Tax Year$5,224,088CurrentTaxYearAmt
Total$14,999,680TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,790,272CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,371,589CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,555,554CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,058,177CurrentTaxYearMinus1YearAmt
Current Tax Year$5,224,088CurrentTaxYearAmt
Total$14,999,680TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$14,999,680PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$390,553CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$372,280CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$344,302CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$418,278CurrentTaxYearMinus1YearAmt
Current Tax Year$539,190CurrentTaxYearAmt
Total$2,064,603TotalAmt
FieldValueIRS element (for citing)
Total Support$17,064,283TotalSupportAmt
Public Support CY1700.87900PublicSupportCY170Pct
Public Support PY1700.86820PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$21,436,473BeginningYearBalanceAmt
Contributions$3,203,041ContributionsAmt
Investment Earnings Or Losses$2,538,202InvestmentEarningsOrLossesAmt
Other Expenditures$1,326,721OtherExpendituresAmt
End Year Balance$25,850,995EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$23,903,848BeginningYearBalanceAmt
Contributions$1,758,294ContributionsAmt
Investment Earnings Or Losses-$3,744,102InvestmentEarningsOrLossesAmt
Other Expenditures$481,567OtherExpendituresAmt
End Year Balance$21,436,473EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$17,970,589BeginningYearBalanceAmt
Contributions$1,156,363ContributionsAmt
Investment Earnings Or Losses$5,364,391InvestmentEarningsOrLossesAmt
Other Expenditures$587,495OtherExpendituresAmt
End Year Balance$23,903,848EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$17,348,803BeginningYearBalanceAmt
Contributions$633,167ContributionsAmt
Investment Earnings Or Losses$440,854InvestmentEarningsOrLossesAmt
Other Expenditures$452,235OtherExpendituresAmt
End Year Balance$17,970,589EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$16,379,830BeginningYearBalanceAmt
Contributions$911,567ContributionsAmt
Investment Earnings Or Losses$831,755InvestmentEarningsOrLossesAmt
Other Expenditures$774,349OtherExpendituresAmt
End Year Balance$17,348,803EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.08820BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.75670PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.15510TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$27,000InvestmentCostOrOtherBasisAmt
Book Value$27,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$27,000TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DUE TO RELATED PARTY$1,251,544
HELD IN CUSTODY TO VSU$5,579,904
FieldValueIRS element (for citing)
Total Liability$6,831,448TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$7,871,031TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$2,684,105NetUnrealizedGainsInvstAmt
Revenue Not Reported$2,684,105RevenueNotReportedAmt
Revenue Subtotal$5,186,926RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,186,926TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,734,753TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,734,753ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,734,753TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART V, LINE 4:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION INTENDS TO USE THE ENDOWMENT FUNDS TO AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS AWARDED TO STUDENTS OF VIRGINIA STATE UNIVERSITY BASED ON MERRIT AND NEEDGrantTypeTxt
Recipient394RecipientCnt
Cash Grant$969,407CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANTS CONSIST OF SCHOLARSHIPS AWARDED TO STUDENTS OF VIRGINIA STATE UNIVERSITY AND ARE MONITORED BY THE UNIVERSITY.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MAKOLA M ABDULLAH
EX-OFFICIO$0$387,283$0$17,398$0$0$0$26,126$0$59,718$0$490,525$0$0
KEVIN DAVENPORT
VSU VP ADMIN & FINANCE$0$213,243$0$16,000$0$0$0$34,845$0$56,023$0$320,111$0$0
TONYA S HALL
VSU VP FOR EXTERNAL AFFAIR$0$164,525$0$11,000$0$0$0$14,665$0$39,559$0$229,749$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationBONUSES AND INCENTIVES OF $17,398 WERE PAID TO MAKOLA ABDULLAH.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2THREE BOARD MEMBERS, KEVIN DAVENPORT, MAKOLA ABDULLAH AND TONYA HALL, WORK FOR VIRGINIA STATE UNIVERSITY, A RELATED PARTY.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS REVIEWED BY THE ORGANIZATION'S TREASURER AND PRESENTED AT A BOARD OF TRUSTEES' MEETING.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE AT ITS BUSINESS OFFICE. GOVERNING DOCUMENTS ARE ALSO AVAILABE ON THE ORGANIZATION'S WEBSITE.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1VIRGINIA STATE UNIVERSITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 HAYDEN DRIVEAddressLine1Txt
CityPETERSBURGCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23806ZIPCd
FieldValueIRS element (for citing)
EIN546001811EIN
Primary ActivitiesCOLLEGE AND UNIVERSITYPrimaryActivitiesTxt
Legal Domicile StateVALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 2PublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmt
VIRGINIA STATE UNIVERSITY
B$817,949
VIRGINIA STATE UNIVERSITY
D$102,172
VIRGINIA STATE UNIVERSITY
E$1,251,544
VIRGINIA STATE UNIVERSITY
K$30,000
VIRGINIA STATE UNIVERSITY
Q$14,706

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