2025-05-15T12:22:24-05:00 2024-06-30 540504608 BROWN EDWARDS & COMPANY LLP 701 TOWN CENTER DRIVE SUITE 700 NEWPORT NEWS VA 23606 990 2023-07-01 540505990 HAMPTON UNIVERSITY HAMP 7577275213 200 WILLIAM R HARVEY WAY HAMPTON VA 23668 DENISE NICHOLS DEPUTY CHIEF FINANCIAL OFFICER 7577275213 2025-05-15 1 0 HUGH BARLOW P00422004 7578731033 2025-05-15 2023 2025-03-06 01:10:19Z DENISE NICHOLS 200 WILLIAM R HARVEY WAY HAMPTON VA 23668 387881720 0 X WWW.HAMPTONU.EDU X 1868 VA HAMPTON UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION, DEDICATED TO THE PROMOTION OF LEARNING, BUILDING OF CHARACTER, AND THE PREPARATION OF PROMISING STUDENTS FOR POSITIONS OF LEADERSHIP AND SERVICE. ITS CURRICULAR EMPHASIS IS SCIENTIFIC AND PROFESSIONAL WITH STRONG LIBERAL ARTS UNDERGIRDING. IN CARRYING OUT ITS MISSION, THE UNIVERSITY REQUIRES THAT EVERYTHING THAT IT DOES BE OF THE HIGHEST QUALITY. A HISTORICALLY BLACK INSTITUTION, HAMPTON UNIVERSITY IS COMMITTED TO MULTICULTURALISM. THE UNIVERSITY SERVES STUDENTS FROM DIVERSE NATIONAL, CULTURAL, AND ECONOMIC BACKGROUNDS. 15 14 1596 0 -510468 0 57317044 44736824 119001381 129325417 19336374 30179533 1738265 197789 197393064 204439563 1297286 1163512 0 0 75756614 93467045 0 0 457145 135732890 145442739 212786790 240073296 -15393726 -35633733 883846859 864544695 154516355 185568677 729330504 678976018 X HAMPTON UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION, DEDICATED TO THE PROMOTION OF LEARNING, BUILDING OF CHARACTER AND PREPARATION OF PROMISING STUDENTS FOR POSITIONS OF LEADERSHIP AND SERVICE. ITS CURRICULUM EMPHASIS IS SCIENTIFIC AND PROFESSIONAL WITH A STRONG LIBERAL ARTS UNDERGIRDING. IN CARRYING OUT ITS MISSION, THE UNIVERSITY REQUIRES THAT EVERYTHING THAT IT DOES BE OF THE HIGHEST QUALITY. RESEARCH AND PUBLIC SERVICE ARE INTEGRAL PARTS OF HAMPTON'S MISSION. IN ORDER TO ENHANCE SCHOLARSHIP AND DISCOVERY, FACULTY ARE ENGAGED IN WRITING, RESEARCH, AND GRANTSMANSHIP. FACULTY, STAFF AND STUDENTS PROVIDE LEADERSHIP AND SERVICE TO THE UNIVERSITY AS WELL AS THE GLOBAL COMMUNITY. IN ACHIEVING ITS MISSION, HAMPTON UNIVERSITY OFFERS EXEMPLARY PROGRAMS AND OPPORTUNITIES WHICH ENABLE STUDENTS, FACULTY AND STAFF TO GROW, DEVELOP AND CONTRIBUTE TO OUR SOCIETY IN A PRODUCTIVE, USEFUL MANNER. 0 0 80256204 1163512 77226905 INSTRUCTIONAL AND DEPARTMENTAL RESEARCH - THE EDUCATIONAL GOALS SET UP FOR OUR STUDENTS ARE THROUGH VARIOUS INSTRUCTIONAL DIVISIONS AND DEPARTMENTAL RESEARCH. 6778720 PUBLIC SERVICES - HAMPTON UNIVERSITY HAS AN OFF CAMPUS WORK-STUDY PROGRAM FOR STUDENTS, URBAN AFFAIRS AND OTHER COMMUNITY RELATED PROJECTS. 17891206 LIBRARY AND MUSEUMS - THE LIBRARIES AND MUSEUMS PROVIDE AND DISPLAY EDUCATIONAL MATERIALS AND PROVIDE SUPPORT SERVICES TO THE ACADEMIC COMMUNITY. 77808818 79373711 STUDENT SERVICES - ALL OFFICES WHICH RENDER SERVICES TO THE EMOTIONAL WELL-BEING OF OUR STUDENTS: VICE PRESIDENT FOR STUDENT AFFAIRS, DEAN OF ADMISSIONS, REGISTRAR, TESTING, ETC. 77808818 79373711 182734948 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 1 658 0 1 1596 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DENISE NICHOLS 7577275213 200 WILLIAM R HARVEY WAY HAMPTON VA 23668 LTG DARRELL K WILLIAMS PRESIDENT 40.00 X X 925000 0 179102 MR MICHAEL D ARMSTRONG BOARD MEMBER 1.00 X 0 0 0 MR SASHI BROWN ESQ BOARD MEMBER 1.00 X 0 0 0 MR CALVIN L BUTTS JR BOARD MEMBER 1.00 X 0 0 0 MR WESLEY A COLEMAN BOARD MEMBER 1.00 X 0 0 0 MS JESSICA R CODY BOARD MEMBER 1.00 X 0 0 0 MR ED BUDDY DAVID BOARD MEMBER 1.00 X 0 0 0 MR JAMES T GEORGE BOARD MEMBER 1.00 X 0 0 0 MR DEREK R LEWIS BOARD MEMBER 1.00 X 0 0 0 MR R MARSHALL MERRIMAN BOARD MEMBER 1.00 X 0 0 0 MRS LESLIE DJ PATTERSON BOARD MEMBER 1.00 X 0 0 0 MRS NICOLE PULLEN ROSS BOARD MEMBER 1.00 X 0 0 0 MR ZACHARY B SCOTT BOARD MEMBER 1.00 X 0 0 0 MRS ANDREA M WEISS BOARD MEMBER 1.00 X 0 0 0 DR RICHARD M MASON II BOARD MEMBER 40.00 X 91452 0 21135 MR CHARLES CANSLER III VICE PRESIDENT FOR BUSINES 40.00 X 198604 0 40120 ATTORNEY FAYE HARDY-LUCAS VICE PRESIDENT AND GENERAL 40.00 X 171162 0 39555 ANTHONY D HENDERSON SR DIRECTOR OF ATHLETICS 40.00 X 206667 0 47761 DAVID SIX HEAD BASKETBALL COACH 40.00 X 200898 0 46428 MR ROBERTY PRUNTY HEAD FOOTBALL COACH 40.00 X 281875 0 65141 DR JOANN HAYSBERT EXECUTIVE VP AND PROVOST 40.00 X 247687 0 57240 MS DORETHA J SPELLS VP FOR BUSINESS AFFAIRS AN 40.00 X 236921 0 54752 2560266 0 551234 97 0 1 0 MARK TURNER CONSTRUCTION LLC 10474 COBBS RD GLEN ALLEN VA 23059 BUILDING CONTRACTOR 24608223 ADRIAN BUILDERS GROUP LLC 3488 CHANDLER CREEK RD VIRGINIA BEACH VA 23453 BUILDING CONTRACTOR 10503461 BERNHARD MCC LLC PO BOX 7460 METAIRIE LA 70010 ENERGY CONTRACTOR 10416191 THOMPSON HOSPITALITY SERVICES LLC 1741 BUSINESS CENTER DRIVE RESTON VA 20190 FOOD SERVICE CONTRACTOR 8941938 KPMG LLP PO BOX 120522 DALLAS TX 75312 AUDITOR 2791626 57 18688138 26048686 44736824 PROGRAM SERVICE REVENUE 611600 61862136 61862136 AUXILIARY ENTERPRISE 611710 42223572 42223950 -378 HUPTI 621500 18825872 18825872 EDUCATIONAL DEPARTMENTS 611710 6413837 6413837 129325417 2845454 2845454 1080427 1649775 -569348 -569348 -59258 -510090 209126461 181792382 27334079 27334079 27334079 OTHER INCOME 611710 767137 767137 767137 204439563 156600616 -510468 3612591 1163512 1163512 1593988 1211431 382557 73736923 56040061 17404805 292057 15104467 11479395 3625072 3031667 2304067 727600 472905 359408 113497 2807150 2133434 673716 636079 483420 152659 37213487 28282250 8766149 165088 5628138 4277385 1350753 761450 578702 182748 4960714 3770143 1190571 5806653 4413056 1393597 18316681 13920678 4396003 5956907 4527249 1429658 HAMPTON UNIVERSITY PROT 28225997 21451758 6774239 OTHER EXPENSES 24007330 18245571 5761759 MEAL SUPPORT 9966491 7574533 2391958 MEMBERSHIP 682757 518895 163862 240073296 182734948 56881203 457145 3357470 14678547 696480 1430517 11781886 10348514 10530262 34308928 5760514 3191766 17929515 13121413 935314485 392740224 467409242 542574261 121648757 53561365 244732733 191329384 883846859 864544695 19064115 13056809 33636375 38593682 93609649 101120368 5112036 29425586 3094180 3372232 154516355 185568677 X 638994865 583841570 90335639 95134448 729330504 678976018 883846859 864544695 X -35633733 -19056344 4335591 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 356597269 3736292 27153285 146271722 241215124 350863695 5585521 29677543 29529490 356597269 380242204 4272735 -33401244 250000 350863695 289786861 17089647 74344461 978765 380242204 291251075 3752711 3760751 8977676 289786861 0.63951 0.36049 0 0 6573927 6573927 661474722 261725002 399749720 243149727 131015222 112134505 24116109 24116109 542574261 CASH 12138644 F OTHER INVESTMENTS 6845602 F ALTERNATIVE INVESTMENTS - EQUITY 69465793 F ALTERNATIVE INVESTMENTS - HEDGE FUNDS 60410588 F ALTERNATIVE INVESTMENTS - PRIVATE EQUITY 42468757 F 191329384 LOANS REFUNDABLE 787234 OTHER LIABILITIES 2584998 3372232 X 185383219 -19056344 -19056344 204439563 0 204439563 240073296 0 240073296 0 240073296 PART III, LINE 1A: THE UNIVERSITY HAS EXTENSIVE COLLECTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS ALONG WITH LIBRARY MATERIALS, INCLUDING BOOKS, PERIODICALS, AND OTHER ITEMS. THESE COLLECTIONS ARE MAINTAINED AND HELD FOR RESEARCH, EDUCATION, AND PUBLIC EXHIBITION IN FURTHERANCE OF PUBLIC SERVICE. PROCEEDS FROM ANY SALES OF COLLECTIONS ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE COST OF COLLECTIONS PURCHASED BY THE UNIVERSITY IS CHARGED TO EXPENSE IN THE YEAR PURCHASED AND DONATED COLLECTION ITEMS ARE NOT RECORDED. THE VALUE OF THE UNIVERSITY'S COLLECTION HAS NOT BEEN DETERMINED. PART III, LINE 4: IN 2008, THE HAMPTON UNIVERSITY MUSEUM AND ARCHIVES WAS ONE OF 10 INSTITUTIONS AND INDIVIDUALS RECOGNIZED AND HONORED AS VIRGINIA'S BEST ARTISTIC AND CULTURAL INNOVATORS. THE MUSEUM RECEIVED AN ORIGINAL WORK OF ART AS ITS REWARD AND WAS HONORED AT A CEREMONY HELD BY GOVERNOR KAINE IN RICHMOND. PART V, LINE 4: THE PRIMARY OBJECTIVES FOR THE ENDOWMENT FUNDS SHALL BE: 1) TO MAXIMIZE THE LONG RUN TOTAL RETURN ON THE FUNDS ENTRUSTED TO THE ENDOWMENT CONSISTENT WITH PRUDENT INVESTMENT PRACTICE. SPECIFICALLY, THE GOAL WILL BE TO EARN A REAL RETURN WITH INFLATION ADJUSTED OF AT LEAST 5% OVER THE LONG TERM. 2) TO PROVIDE A RELIABLE SOURCE OF OPERATING FUNDS TO THE UNIVERSITY. PART X, LINE 2: TAX POSITIONS ARE RECOGNIZED OR DERECOGNIZED BASED ON A MORE-LIKELY-THAN-NOT THRESHOLD. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH CHANGE IN JUDGMENT OCCURS. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN ACCOUNTS PAYABLE AND ACCRUED LIABILTIES, IF ASSESSED. NO INTEREST EXPENSE OR PENALTIES HAVE BEEN RECOGNIZED AS OF AND FOR THE YEARS ENDED JUNE 30, 2020 AND 2019. THE UNIVERSITY DOES NOT BELIEVE ITS CONSOLIDATED FINANCIAL STATEMENTS INCLUDE (OR REFLECT) ANY UNCERTAIN TAX POSITIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY EXTENDS TO ALL PROGRAMS AND ACTIVITIES SUPPORTED BY THE UNIVERSITY AND IS INCLUDED ON OUR APPLICATION AND WEBSITE WHEN WE ARE SOLICITING FOR STUDENTS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FUNDS FROM THE DEPARTMENT OF EDUCATION TITLE IV PROGRAM AS WELL AS FEDERAL GRANTS AND CONTRACTS THAT MAY PROVIDE ASSISTANCE BASED ON THE CRITERIA ESTABLISHED. UNIDENTIFIED INVESTMENT 8560000 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT 1700000 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, INVESTMENT 13010000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENT 14740000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES INVESTMENT 480000 0 0 0 0 0 0 38490000 0 38490000 0 0 0 0 0 0 1 GRANTS AND SCHOLARSHIPS 903 1163512 BOOK PART I, LINE 2: COSTS CHARGED TO SPONSORED AGREEMENTS ARE FULLY INTEGRATED WITH THE UNIVERSITY'S FINANCIAL ACCOUNTING SYSTEM. THE SYSTEM ACCUMULATES COSTS ACCORDING TO INDEX, FUND AND ACCOUNT CODE CATEGORIES. ASSOCIATED AND IDENTIFIED WITH EACH FUND ARE VARIOUS ATTRIBUTES SUCH AS PROJECT TITLE, SPONSOR, AND PRINCIPAL. X 1 0 X 0 0 0 0 0 0 0 0 0 LTG DARRELL K WILLIAMS PRESIDENT 775000 0 150000 0 0 0 30312 0 148790 0 1104102 0 0 0 MR ROBERTY PRUNTY HEAD FOOTBALL COACH 281875 0 0 0 0 0 13750 0 51391 0 347016 0 0 0 DR JOANN HAYSBERT EXECUTIVE VP AND PROVOST 247687 0 0 0 0 0 12384 0 44856 0 304927 0 0 0 MS DORETHA J SPELLS VP FOR BUSINESS AFFAIRS AN 236921 0 0 0 0 0 6000 0 48752 0 291673 0 0 0 ANTHONY D HENDERSON SR DIRECTOR OF ATHLETICS 206667 0 0 0 0 0 0 0 47761 0 254428 0 0 0 DAVID SIX HEAD BASKETBALL COACH 200898 0 0 0 0 0 4997 0 41431 0 247326 0 0 0 MR CHARLES CANSLER III VICE PRESIDENT FOR BUSINES 173604 0 25000 0 0 0 0 0 40120 0 238724 0 0 0 ATTORNEY FAYE HARDY-LUCAS VICE PRESIDENT AND GENERAL 171162 0 0 0 0 0 8558 0 30997 0 210717 0 0 0 PART I, LINE 1A HAMPTON UNIVERSITY PROVIDES AN ON-CAMPUS RESIDENCE FOR THE PRESIDENT. THE PRESIDENT MUST LIVE IN THIS RESIDENCE AS A REQUIREMENT FOR THE JOB AND UTILIZE THE RESIDENCE FOR UNIVERSITY BUSINESS PURPOSES. SINCE THE ON-CAMPUS RESIDENCY IS REQUIRED, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. A VIRGINIA SMALL BUSINESS FINANCING AUTHORITY - 2014 SERIES 540505990 2014-11-26 115090000 TO REFINANCE 2008 AND 2009 SERIES 0 0 0 B HBCU CAPITAL FINANCING LOAN AGREEMENT - SERIES A 2024-1 BONDS 540505990 2023-07-15 91500000 TO FUND CAPITAL PROJECTS 0 0 0 A 115090000 647162 114442838 2014 0 1 1 1 B 91500000 12896236 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 1 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 MYRA WILLIAMS FIRST LADY 63709 FOR SERVICES RENDERED BY HER DIRECTLY FOR THE BENEFIT OF THE UNIVERSITY FOR EVENTS AND RELATED DUTIES AS FIRST LADY 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FORM 990 PRIOR TO ITS SUBMISSION AT THEIR SCHEDULED MEETING. THEY RECEIVE A COPY IN ADVANCE OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 12C THIS POLICY IS REVIEWED BY A COMMITTEE APPOINTED BY THE PROVOST FOR VIOLATIONS OF, OR REQUESTS FOR EXCEPTIONS. IF VIOLATIONS TO THESE STANDARDS ARE FOUND, OFFICERS, EMPLOYEES OR AGENTS WILL BE SUBJECT TO DISCIPLINARY ACTIONS AS RECOMMENDED BY THE COMMITTEE. DISCIPLINARY ACTIONS MAY INCLUDE LETTERS OF REPRIMAND, SUSPENSIONS, OR TERMINATION OF EMPLOYMENT. THE REVIEW PROCESS IS TO BE COMPLETED WITHIN 30 DAYS AND A WRITTEN RECOMMENDATION MADE TO THE PROVOST AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS THE CURRENT SALARY, COMPARES TO COMPARABLES, AND APPROVES A YEARLY SALARY INCREASE. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE PROVIDED UPON REQUEST AND OR INSPECTION IN THE COMPTROLLER'S OFFICE FORM 990, PART XI, LINE 9: NONCONTROLLING INTEREST 4,335,591. FORM 990, PART XII, LINE 2C HAMPTON UNIVERSITY HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND IS CHARGED WITH SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE IN THE PROCESS FROM PRIOR YEARS. HAMPTON ROADS PROTON THERAPY INSTITUTE AT HAMPTON UNIVERSITY LLC 40 ENTERPRISE PKWY HAMPTON VA 23666 TO PROVIDE PROTON THERAPY IN THE FIGHT AGAINST CANCER VA 18825872 96076867 HAMPTON UNIVERSITY ATLANTIC REAL ESTATE LLC 100 EAST QUEEN STREET HAMPTON VA 23668 MULTI TENANT OFFICE BUILDING VA 1909665 19053358 HAMPTON UNIVERSITY HAMPTON UNIVERSITY MUSEUM FOUNDATION INC QUEEN AND TYLER STREET HAMPTON VA 23668 SUPPORT HAMPTON UNIVERSITY MUSEUM VA 501(C)(3) 11A HAMPTON UNIVERSITY 1 HAMPTON COMMUNITY DEVELOPMENT CORPORATION QUEEN AND TYLER STREET HAMPTON VA 23668 541667250 TO ENHANCE QUALITY OF LIFE IN THE CITY OF HAMPTON VA 501(C)(3) 7 HAMPTON UNIVERSITY 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HAMPTON UNIVERSITY MUSEUM FOUNDATION INC D CASH