2024-05-15T17:23:38-05:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR NE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2022-07-01 237219782 RADFORD UNIVERSITY FOUNDATION INC RADF 5408316714 905 TYLER AVENUE RADFORD VA 24141 JOHN F COX JR CHIEF EXECUTIVE OFFICER 5408316714 2024-04-18 1 JOHN COX JR XXX-XX-XXXX 1 MARK WOOLWINE P00647446 5404433606 2024-04-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN F COX JR 905 TYLER AVENUE RADFORD VA 24141 9553229 0 X WWW.RADFORDUNIVERSITYFOUNDATION.ORG X 1972 VA TO SUPPORT RADFORD UNIVERSITY 18 17 7 30 130506 0 3270077 4411002 171721 258223 5799614 3731310 -380913 -345317 8860499 8055218 3516961 3730732 0 0 520110 551121 0 0 174744 1610679 1729486 5647750 6011339 3212749 2043879 106307354 110551729 15317395 15360277 90989959 95191452 TO SUPPORT RADFORD UNIVERSITY 0 0 2420645 1074317 258223 UNIVERSITY SUPPORT: PURCHASE OF EQUIPMENT AND SUPPLIES FOR THE COLLEGES AND DEPARTMENTS CAPITAL UPGRADE OF THE UNIVERSITY'S FACILITIES AND BASEBALL FIELD PAYMENTS TO SUPPLEMENT UNIVERSITY PERSONNEL SALARIES AND BENEFITS SPEAKERS FOR AND SPONSORSHIP OF UNIVERSITY EVENTS 2656415 2656415 0 SCHOLARSHIPS AND SPECIAL AWARDS: BENEFITTING STUDENTS AND FACULTY MEMBERS OF RADFORD UNIVERSITY 5077060 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 60 0 1 7 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 17 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X X JOHN F COX JR 5408316714 905 TYLER AVENUE RADFORD VA 24141 MICHELLE O'CONNOR BOARD CHAIR 2.00 X X 0 0 0 JAY KENSLOW VICE CHAIR 2.00 X X 0 0 0 WILLIAM MCNULTY BOARD TREASURER 2.00 X X 0 0 0 JOHN CHOMEAU BOARD SECRETARY 2.00 X X 0 0 0 MARQUETT SMITH DIRECTOR 2.00 X 0 0 0 MICHAEL DONNELLY DIRECTOR 2.00 X 0 0 0 ROBERT FOX DIRECTOR 2.00 X 0 0 0 CHRISTOPHER CONTE DIRECTOR 2.00 X 0 0 0 ALLISON FELIX DIRECTOR 2.00 X 0 0 0 JEFF MACKINNON DIRECTOR 2.00 X 0 0 0 NANCY RICE DIRECTOR 2.00 X 0 0 0 RACHEL D FOWLKES DIRECTOR 2.00 X 0 0 0 MARK RADER DIRECTOR 2.00 X 0 0 0 CURTIS MARTIN II DIRECTOR 2.00 X 0 0 0 AUDRA SHEKLETON DIRECTOR 2.00 X 0 0 0 BRET DANILOWICZ RU PRESIDENT DIRECTOR 2.00 X 0 0 0 STEPHANIE JENNELLE INTERIM CFO VP DIRECTOR THRU 2/28/23 2.00 X 0 0 0 ROB HOOVER RU CFO VP DIRECTOR BEGINS 3/1/23 2.00 X 0 0 0 MARTEN DENBOER INTERIM RU PROVOST-V DIRECTOR THRU 5/31/23 2.00 X 0 0 0 BETHANY USHER RU PROVOST VP DIRECTOR BEGINS 6/1/23 2.00 X 0 0 0 PENNY WHITE RU VP ADVANCEMENT DIRECTOR 2.00 X 0 0 0 JOHN F COX JR CHIEF EXECUTIVE OFFICER 40.00 2.00 X 182003 0 11655 DEREK NEAL CHIEF FINANCIAL OFFICER 40.00 2.00 X 117289 0 13859 299292 0 25514 2 0 1 0 CHARTWELLS DINING SERVICES PO BOX 6896 RADFORD VA 24142 MEALS & EVENT CATERING 152485 1 4411002 246400 4411002 258223 258223 258223 1512016 130506 1381510 1005122 1350439 -345317 -345317 -345317 2231366 135500 0 147572 2231366 -12072 2219294 2219294 8055218 -87094 130506 3600804 1074317 1074317 2656415 2656415 324806 324806 133887 133887 22450 22450 31870 31870 38108 38108 105736 90874 8767 6095 33626 7739 25887 25090 590 24500 323539 323539 15445 15170 275 4574 1905 2669 55331 42148 13183 97060 80838 8452 7770 661345 567549 11596 82200 6833 6833 66194 6521 59673 DUES 189412 103226 28510 57676 EQUIPMENT AND SUPPLIES 109773 94851 14922 BANK AND ONLINE FEES 31061 78 9980 21003 INCOME TAXES 4467 4467 6011339 5077060 759535 174744 2411076 900627 3253923 3211749 245492 291447 135374 97344 122753 118311 18112196 3357034 15035325 14755162 59759882 65468275 16652099 15455206 8691430 10253608 106307354 110551729 238903 531258 14756095 14264150 300000 322397 264869 15317395 15360277 X 15780115 16219029 75209844 78972423 90989959 95191452 106307354 110551729 2043879 2157614 0 X X 0 1 X 1 0 X 4691031 4347468 5332768 3270077 4411002 22052346 4691031 4347468 5332768 3270077 4411002 22052346 6793309 15259037 4755529 3723905 3850017 2702330 2517138 17548919 244798 247992 134550 171721 258223 1057284 40658549 0.37530 0.46050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2131291 X 0 64900486 1221932 4412609 3071241 67463786 72833373 1673957 -6925589 2681255 64900486 58651450 1724153 14411565 1953795 72833373 60176413 1456948 -28018 2953893 58651450 56743711 3238187 2340137 2145622 60176413 0.64970 0.35030 1 0 2046759 2046759 15301838 2948079 12353759 500994 283909 217085 171512 125046 46466 91093 91093 14755162 LTD PARTNERSHIPS & OTHER INVESTMENTS 15455206 F 15455206 PROPERTY HELD FOR SALE 427263 ART COLLECTION 2131291 CASH VALUE OF LIFE INSURANCE 44319 FUNDS HELD IN TRUST BY OTHERS 945898 PREPAID LEASE INCENTIVE - NET 6704837 10253608 DEFERRED RENTAL INCOME 52644 ANNUITY OBLIGATIONS 94726 UNITRUST OBLIGATIONS 117499 264869 X 13011926 2157614 1772194 1350439 5280247 7731679 323539 323539 8055218 8810433 1772194 1350439 3122633 5687800 323539 323539 6011339 PART III, LINE 4: THE FOUNDATION MAINTAINS A PERMANENT ART COLLECTION FOR DISPLAY AS PART OF AND IN SUPPORT OF THE UNIVERSITY'S COLLEGE OF VISUAL AND PERFORMING ARTS. PART V, LINE 4: THE FOUNDATION PLANS TO USE ENDOWMENT FUNDS FOR THE BENEFIT OF RADFORD UNIVERSITY. PART X, LINE 2: RADFORD UNIVERSITY FOUNDATION, INC. IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. HOWEVER, WHEN APPLICABLE, ANY INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION HAS DETERMINED THAT THEY DO NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME 1,350,439. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME 1,350,439. 1 RADFORD UNIVERSITY EAST MAIN STREET RADFORD VA 24142 546001789 487609 0 SALARY SUPPORT RADFORD UNIVERSITY EAST MAIN STREET RADFORD VA 24142 546001789 586708 0 OTHER OPERATIONAL SUPPORT SCHOLARSHIPS 900 2656415 PART I, LINE 2: THE FOUNDATION MAKES GRANTS TO RADFORD UNIVERSITY FOR CAPITAL AND OPERATING EXPENSES AS WELL AS SCHOLARSHIPS TO STUDENTS ATTENDING THE UNIVERSITY. THE BOARD REVIEWS FINANCIAL REPORTS AND INFORMATION PROVIDED BY THE FOUNDATION MANAGEMENT IN ORDER TO MONITOR GRANT AGREEMENTS. SEVERAL UNIVERSITY SCHOLARSHIPS ARE AVAILABLE WITH VARIOUS CRITERIA THAT MUST BE MET AND MAINTAINED IN ORDER TO CONTINUE RECEIVING FUNDS, SUCH AS ACADEMIC PERFORMANCE BENCHMARKS. THE BOARD REVIEWS GRANT AND SCHOLARSHIP POLICIES ON AN ANNUAL BASIS AND SCHOLARSHIP AND GRANT AMOUNTS ARE ULTIMATELY DETERMINED BY THE BOARD. X 0 0 0 0 0 0 0 0 0 JOHN F COX JR CHIEF EXECUTIVE OFFICER 182003 0 0 0 0 0 9513 0 2142 0 193658 0 0 0 X 2 400 FMV X 19 106664 FMV X 1 115000 FMV X EQUIPMENT/SUPPLIES 1 15000 FMV X EQUIPMENT/SUPPLIES 6 8894 COST X CLOTHING & HOUSEHOLD GOODS 2 442 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF VISITORS OF RADFORD UNIVERSITY HAS THE RIGHT TO APPOINT ONE MEMBER TO THE FOUNDATION BOARD. ALSO, RADFORD UNIVERSITY FOUNDATION REAL ESTATE MANAGEMENT LLC HAS THE RIGHT TO APPOINT ONE MEMBER TO THE FOUNDATION BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS GENERALLY REVIEWED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND EMPLOYEE MUST SIGN THE CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS. THE BOARD SHALL DETERMINE BY MAJORITY VOTE IF A CONFLICT EXISTS. IF A CONFLICT IS DEEMED TO EXIST, THE PERSON HAVING THE CONFLICT SHALL NOT PARTICIPATE, ATTEND, VOTE ON, OR USE HIS OR HER PERSONAL INFLUENCE IN CONNECTION WITH THE CONFLICT AND THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION PACKAGE FOR THE CHIEF EXECUTIVE OFFICER ON AN ANNUAL BASIS. THE CHIEF EXECUTIVE OFFICER CONSULTS WITH THE EXECUTIVE COMMITTEE ON COMPENSATION FOR THE CHIEF FINANCIAL OFFICER, INCLUDING ANY RETIREMENT STIPEND. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, CONSOLIDATED AUDIT REPORT, AND FORM 990 AVAILABLE TO THE GENERAL PUBLIC VIA THEIR WEBSITE. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO THE PROCESS FROM THE PRIOR YEAR. 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