CHRISTOPHER NEWPORT UNIVERSITY EDUCATIONAL FOUNDATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CHRISTOPHER NEWPORT UNIVERSITY EDUCATIONAL FOUNDATION INC (EIN 54-1156248)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2024-10-17
- IRS object ID
- 202402919349300345
- Schema version
- 2023v5.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-17T13:13:45-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 540737372 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PBMARES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 TOWN CENTER DRIVE SUITE 900 | AddressLine1Txt |
| City | NEWPORT NEWS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541156248 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTOPHER NEWPORT UNIVERSITY | BusinessNameLine1Txt |
| Business Name Line2 | EDUCATION FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHRI | BusinessNameControlTxt |
| Phone | 7575947038 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE UNIVERSITY PLACE | AddressLine1Txt |
| City | NEWPORT NEWS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 236062998 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SPENCER MCDONALD | PersonNm |
| Person Title | CONTROLLER | PersonTitleTxt |
| Phone | 7575947038 | PhoneNum |
| Signature | 2024-10-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JENNIFER N FRENCH CPA | PreparerPersonNm |
| PTIN | P00659678 | PTIN |
| Phone | 7578731587 | PhoneNum |
| Preparation | 2024-10-17 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SPENCER MCDONALD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE UNIVERSITY PLACE | AddressLine1Txt |
| City | NEWPORT NEWS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 236062998 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $12,184,049 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTP://EXPLORE.CNU.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1980 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF CHRISTOPHER NEWPORT UNIVERSITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 19 | TotalVolunteersCnt |
| Total Gross UBI | -$132,570 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,822,198 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,156,829 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $608,040 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $634,753 | CYProgramServiceRevenueAmt |
| PY Investment Income | $542,070 | PYInvestmentIncomeAmt |
| CY Investment Income | $862,772 | CYInvestmentIncomeAmt |
| PY Other Revenue | $129,018 | PYOtherRevenueAmt |
| CY Other Revenue | $59,048 | CYOtherRevenueAmt |
| PY Total Revenue | $8,101,326 | PYTotalRevenueAmt |
| CY Total Revenue | $9,713,402 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,001,182 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,209,100 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $103,756 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $112,581 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,185,197 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,160,850 | PYOtherExpensesAmt |
| CY Other Expenses | $1,555,455 | CYOtherExpensesAmt |
| PY Total Expenses | $7,265,788 | PYTotalExpensesAmt |
| CY Total Expenses | $7,877,136 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $835,538 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,836,266 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $78,899,266 | TotalAssetsBOYAmt |
| Total Assets EOY | $86,604,079 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $616,808 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $520,306 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $78,282,458 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $86,083,773 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF CHRISTOPHER NEWPORT UNIVERSITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,772,977 | ExpenseAmt |
| Grant | $3,737,849 | GrantAmt |
| Revenue | $775,649 | RevenueAmt |
| Desc | UNIVERSITY SUPPORT - EDUCATIONAL EXPENSES GIVEN AS DIRECT SUPPORT TO CHRISTOPHER NEWPORT UNIVERSITY. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,471,251 | ExpenseAmt |
| Grant | $2,471,251 | GrantAmt |
| Desc | SCHOLARSHIP AWARDS - AWARDED 239 ANNUAL SCHOLARSHIPS AND 650 ENDOWED SCHOLARSHIPS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $6,244,228 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 167 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SPENCER MCDONALD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7575947941 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE UNIVERSITY PLACE | AddressLine1Txt |
| City | NEWPORT NEWS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23606 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| BRIAN M EAKES | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ALLEN C BROOKS | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| KELLI P MEADOWS | |||||||
| SECRETARY | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| LTC BORIS ROBINSON | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| FRED HAGERMAN | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| NATHANIEL FONTAINE | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| S ANDERSON HUGHES | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| N SCOTT MILLAR | |||||||
| PRESIDENT | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MARY KATHERINE EVAN HOGG | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CAROLYN S ABBITT | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MATTHEW MARTIN | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT F SHUFORD JR | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| VERONICA WEYMOUTH | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| SYLVIA WEINSTEIN CRAFT | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| RAMONA GAY TARKINGTON-DEAL | |||||||
| VICE PRESIDENT | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LANEY M VAUGHAN | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LEE LOCKWOOD | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| BLAIR A THOMPSON | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JENNIFER LATOUR | |||||||
| BOARD MEMBER | 10.00 | 30.00 | Yes (X) | $0 | $251,636 | $32,894 | |
| ADELIA P THOMPSON | |||||||
| BOARD MEMBER | 10.00 | 30.00 | Yes (X) | $0 | $413,598 | $24,905 | |
| ALEXIS N SWAN | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GREGORY P KLICH | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM G KELLY | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $211,882 | $12,566 | |
| K SPENCER MCDONALD | |||||||
| CFO & TREASURER | 20.00 | 20.00 | $0 | $147,900 | $13,720 | Yes (X) | |
| DOUGLAS L HORNSBY | |||||||
| CHIEF EXECUTIVE OFFICER | 20.00 | 20.00 | $0 | $238,799 | $23,915 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,263,815 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $108,000 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BSN SPORTS LLC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 841393 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75284 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | SPORTS EQUIPMENT SUPPLIES | ServicesDesc |
| Compensation | $202,963 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $160,000 | GovernmentGrantsAmt |
| All Other Contributions | $7,996,829 | AllOtherContributionsAmt |
| Noncash Contributions | $400 | NoncashContributionsAmt |
| Total Contributions | $8,156,829 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EDUCATIONAL PROGRAMS | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $634,753 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $634,753 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $634,753 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $233,395 | TotalRevenueColumnAmt |
| Exclusion | $233,395 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $50,722 | TotalRevenueColumnAmt |
| Exclusion | $50,722 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,100,024 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,470,647 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $629,377 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $629,377 | TotalRevenueColumnAmt |
| Exclusion | $629,377 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENT INCOME | Desc |
| Business | 531120 | BusinessCd |
| Total Revenue Column | $8,326 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $140,896 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$132,570 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $8,326 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,713,402 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $775,649 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$132,570 | UnrelatedBusinessRevenueAmt |
| Exclusion | $913,494 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,209,100 | TotalAmt |
| Program Services | $6,209,100 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,581 | TotalAmt |
| Management And General | $112,581 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,880 | TotalAmt |
| Management And General | $30,880 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,008 | TotalAmt |
| Program Services | $3,150 | ProgramServicesAmt |
| Management And General | $36,858 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,731 | TotalAmt |
| Fundraising | $110,731 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,182 | TotalAmt |
| Program Services | $31,978 | ProgramServicesAmt |
| Management And General | $110,204 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,303 | TotalAmt |
| Management And General | $6,303 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,227 | TotalAmt |
| Management And General | $112,227 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,448 | TotalAmt |
| Management And General | $15,448 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| EVENT EXPENSES | $600,622 | $600,622 | |
| MERCHANDISE EXPENSE | $450,736 | $450,736 | |
| DONOR CULTIVATION EXPEN | $23,108 | $23,108 | |
| BENEVOLENT (GIFTS) EXPE | $15,164 | $15,164 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,046 | TotalAmt |
| Management And General | $8,046 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,877,136 | TotalAmt |
| Program Services | $6,244,228 | ProgramServicesAmt |
| Management And General | $447,711 | ManagementAndGeneralAmt |
| Fundraising | $1,185,197 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,464,403 | BOYAmt |
| EOY | $729,749 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,121,962 | BOYAmt |
| EOY | $4,990,104 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,268,522 | BOYAmt |
| EOY | $10,461,945 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $210,616 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $191,016 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,049 | BOYAmt |
| EOY | $19,600 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,650,324 | BOYAmt |
| EOY | $65,820,405 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,045,113 | BOYAmt |
| EOY | $2,262,462 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,313,893 | BOYAmt |
| EOY | $2,319,814 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,899,266 | BOYAmt |
| EOY | $86,604,079 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,919 | BOYAmt |
| EOY | $99,662 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $423,889 | BOYAmt |
| EOY | $420,644 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $616,808 | BOYAmt |
| EOY | $520,306 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,621,893 | BOYAmt |
| EOY | $4,403,149 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,660,565 | BOYAmt |
| EOY | $81,680,624 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,282,458 | BOYAmt |
| EOY | $86,083,773 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,899,266 | BOYAmt |
| EOY | $86,604,079 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,836,266 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $6,050,461 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$85,412 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,707,250 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,125,842 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,155,563 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,822,198 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,156,829 | CurrentTaxYearAmt |
| Total | $32,967,682 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,707,250 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,125,842 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,155,563 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,822,198 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,156,829 | CurrentTaxYearAmt |
| Total | $32,967,682 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,894,357 | SubstantialContributorsTotAmt |
| Public Support Total170 | $30,073,325 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $81,938 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $80,762 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $68,840 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $102,308 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $284,117 | CurrentTaxYearAmt |
| Total | $617,965 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,306 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $75,775 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $186,951 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | -$41,791 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | -$132,570 | CurrentTaxYearAmt |
| Total | $97,671 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,895 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,750 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | -$243,574 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $105,547 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $140,896 | CurrentTaxYearAmt |
| Total | $26,514 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $33,709,832 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2,139,818 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.89210 | PublicSupportCY170Pct |
| Public Support PY170 | 0.86640 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $831,894 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $48,947,546 | BeginningYearBalanceAmt |
| Contributions | $2,486,521 | ContributionsAmt |
| Investment Earnings Or Losses | $5,017,154 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,439,494 | GrantsOrScholarshipsAmt |
| End Year Balance | $54,011,727 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $47,219,889 | BeginningYearBalanceAmt |
| Contributions | $2,506,170 | ContributionsAmt |
| Investment Earnings Or Losses | $1,319,227 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,097,740 | GrantsOrScholarshipsAmt |
| End Year Balance | $48,947,546 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $50,070,675 | BeginningYearBalanceAmt |
| Contributions | $3,043,660 | ContributionsAmt |
| Investment Earnings Or Losses | -$4,108,748 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,785,698 | GrantsOrScholarshipsAmt |
| End Year Balance | $47,219,889 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $35,944,625 | BeginningYearBalanceAmt |
| Contributions | $1,790,863 | ContributionsAmt |
| Investment Earnings Or Losses | $13,781,496 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,446,309 | GrantsOrScholarshipsAmt |
| End Year Balance | $50,070,675 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $34,470,130 | BeginningYearBalanceAmt |
| Contributions | $1,730,803 | ContributionsAmt |
| Investment Earnings Or Losses | $986,908 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,243,216 | GrantsOrScholarshipsAmt |
| End Year Balance | $35,944,625 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.65970 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.34030 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $19,600 | OtherCostOrOtherBasisAmt |
| Book Value | $19,600 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $191,016 | OtherCostOrOtherBasisAmt |
| Depreciation | $191,016 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $19,600 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| AGENCY INVESTMENT | $401,375 |
| ANNUITY LIABILITIES | $19,269 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $420,644 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $15,763,863 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $6,050,461 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $6,050,461 | RevenueNotReportedAmt |
| Revenue Subtotal | $9,713,402 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $9,713,402 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $7,962,548 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $85,412 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $85,412 | ExpensesNotReportedAmt |
| Expenses Subtotal | $7,877,136 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $7,877,136 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | PAINTINGS, SCULPTURES, AND HISTORICAL ARTIFACTS THAT AID THE UNIVERSITY IN ITS EDUCATIONAL MISSION. |
| PART V, LINE 4: | PROVIDE SCHOLARSHIPS, AWARDS, AND OPERATIONAL ASSISTANCE FOR THE UNIVERSITY. |
| PART X, LINE 2: | THE CHRISTOPHER NEWPORT UNIVERSITY EDUCATION FOUNDATION AND REAL ESTATE FOUNDATIONS ARE EACH NOT-FOR-PROFIT ORGANIZATIONS THAT ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR INCOME FROM UNRELATED BUSINESS INCOME. THE ORGANIZATIONS ARE SUBJECT TO TAX ON DEBT FINANCED RENTAL INCOME AND ON INCOME FROM CERTAIN ALTERNATIVE INVESTMENTS. TAXES OF THIS NATURE INCURRED DURING THE YEARS ENDED JUNE 30, 2024 AND 2023 WERE $68,000 AND $64,001, RESPECTIVELY. THERE WAS NO TAX LIABILITY AS OF JUNE 30, 2024 AND 2023. NEITHER OF THE ORGANIZATIONS HAVE BEEN CLASSIFIED AS A PRIVATE FOUNDATION. FASB ASC 740 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATIONS' MANAGEMENT HAS EVALUATED THE IMPACT OF THE STANDARD TO ITS COMBINED FINANCIAL STATEMENTS. MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS, AND HAS NOT ACCRUED THE EFFECT OF ANY UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. THE ORGANIZATIONS' INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY WERE FILED. THE ORGANIZATIONS RECOGNIZE INTEREST AND PENALTIES INCURRED, IF ANY, RELATED TO INCOME TAX POSITIONS AS OTHER INTEREST EXPENSE AND PENALTIES EXPENSE, RESPECTIVELY. ALL SINGLE MEMBER LLC'S ARE CONSIDERED DISREGARDED ENTITIES FOR TAX PURPOSES AND THEIR ACTIVITIES ARE INCLUDED IN THE REAL ESTATE FOUNDATION'S TAX RETURNS. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | ALLOWANCES FOR PLEDGES RECEIVABLE 85,412. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| CHRISTOPHER NEWPORT UNIVERSITY | ||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | 540701501 | 115 | $2,471,251 | $0 | 239 ANNUAL SCHOLARSHIPS AND 650 ENDOWED SCHOLARSHIPS |
| CHRISTOPHER NEWPORT UNIVERSITY | ||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | 540701501 | 115 | $3,737,849 | $0 | OTHER UNIVERSITY SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | OTHER ASSISTANCE IS PROVIDED TO THE UNIVERSITY IN THE FORM OF SCHOLARSHIP SUPPORT FOR STUDENTS. INDIVIDUAL SCHOLARSHIP AWARDS ARE BASED ON SPECIFIC CRITERIA CONTAINED WITHIN ANNUAL AND ENDOWED SCHOLARSHIP AGREEMENTS WITH THE DONOR. INDIVIDUAL STUDENTS MEETING THE CRITERIA ARE IDENTIFIED BY THE UNIVERSITY AND AWARD LETTERS ARE GENERATED. THE ORGANIZATION RECEIVES THE AWARD LETTER AND GENERATES A CHECK WHICH IS DEPOSITED TO THE STUDENT'S ACCOUNT. OTHER ASSISTANCE LISTED AS OTHER UNIVERSITY SUPPORT IS PROVIDED TO THE UNIVERSITY BY DISBURSING DONATED FUNDS TO VARIOUS EDUCATIONAL ACTIVITIES OF THE UNIVERSITY. THESE DISBURSEMENTS REQUIRE DOCUMENTATION STATING THE REASON FOR THE DISBURSEMENT AND ARE APPROVED BY A SUPERVISOR KNOWLEDGEABLE ABOUT THE ACTIVITY REQUESTING THE FUNDING. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADELIA P THOMPSON | ||||||||||||||
| BOARD MEMBER | $0 | $413,598 | $0 | $0 | $0 | $0 | $0 | $480 | $0 | $24,425 | $0 | $438,503 | $0 | $0 |
| JENNIFER LATOUR | ||||||||||||||
| BOARD MEMBER | $0 | $251,636 | $0 | $0 | $0 | $0 | $0 | $480 | $0 | $32,414 | $0 | $284,530 | $0 | $0 |
| DOUGLAS L HORNSBY | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $0 | $238,799 | $0 | $0 | $0 | $0 | $0 | $480 | $0 | $23,435 | $0 | $262,714 | $0 | $0 |
| WILLIAM G KELLY | ||||||||||||||
| BOARD MEMBER | $0 | $211,882 | $0 | $0 | $0 | $0 | $0 | $40 | $0 | $12,526 | $0 | $224,448 | $0 | $0 |
| K SPENCER MCDONALD | ||||||||||||||
| CFO & TREASURER | $0 | $147,900 | $0 | $0 | $0 | $0 | $0 | $480 | $0 | $13,240 | $0 | $161,620 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | EACH MEMBER OF THE BOARD RECEIVED A PDF COPY OF THE TAX RETURN FOR REVIEW THROUGH E-MAIL. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, DIRECTORS MUST DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. IF A CONFLICT ARISES, IT IS DOCUMENTED IN THE MINUTES AND ANY VOTE REQUIRES ABSTINENCE OF THE AFFECTED BOARD MEMBER. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | ALLOWANCE FOR PLEDGE RECEIVABLES -85,412. |
| FORM 990, PART XI, LINE 2C | THE AUDIT COMMITTEE MEETS AT LEAST ONCE A YEAR. ANNUALLY, THE INDEPENDENT AUDITORS PRESENT THE AUDITED FIANCIAL STATEMENTS AND MANAGEMENT REPORT TO THE AUDIT COMMITTEE. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. |
| FORM 990, PART IV, LINE 24A | THE ORGANIZATION HAS TAX-EXEMPT BONDS ISSUED, WHICH ARE REPORTED BY THE RELATED ORGANIZATION CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION. THE REAL ESTATE FOUNDATION REPORTS THE BONDS BECAUSE IT OWNS THE PROPERTIES, WHICH ARE SECURITY FOR THE BONDS. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| CHRISTOPHER NEWPORT UNIVERSITY | ||||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | 540701501 | UNIVERSITY | VA | 170(B)(1)(A)(IV) | N/A | 0 | |
| CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC | ||||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | 541863192 | REAL ESTATE | VA | 501(C)(3) | N/A | 0 | LINE 12C, III-FI |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTOPHER NEWPORT UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionTypeTxt |
| Involved | $6,209,100 | InvolvedAmt |
| Method Of Amount Determination | CASH | MethodOfAmountDeterminationTxt |
Comments