VIRGINIA STATE UNIVERSITY FOUNDATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
VIRGINIA STATE UNIVERSITY FOUNDATION (EIN 54-6074532)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-03-24
IRS object ID
202340839349301224
Schema version
2021v4.2
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)
Return2023-03-24T14:31:41-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

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 DRIVEAddressLine1Txt
CityNEWPORT NEWSCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23606ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

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
Signature2023-03-06SignatureDt
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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLESLIE F ROBERTSPreparerPersonNm
PTINP00040492PTIN
Phone7578731033PhoneNum
Preparation2023-03-06PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
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$4,554,587GrossReceiptsAmt
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 Body19VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Volunteers22TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,555,554PYContributionsGrantsAmt
CY Contributions Grants$4,058,177CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$3,376,248PYInvestmentIncomeAmt
CY Investment Income$334,895CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$5,931,802PYTotalRevenueAmt
CY Total Revenue$4,393,072CYTotalRevenueAmt
PY Grants And Similar Paid$565,992PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$696,920CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$99,821PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$193,370CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$80,738CYTotalFundraisingExpenseAmt
PY Other Expenses$793,186PYOtherExpensesAmt
CY Other Expenses$998,794CYOtherExpensesAmt
PY Total Expenses$1,458,999PYTotalExpensesAmt
CY Total Expenses$1,889,084CYTotalExpensesAmt
PY Revenues Less Expenses$4,472,803PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,503,988CYRevenuesLessExpensesAmt
Total Assets BOY$26,802,449TotalAssetsBOYAmt
Total Assets EOY$28,931,771TotalAssetsEOYAmt
Total Liabilities BOY$425,454TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,248,427TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$26,376,995NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$24,683,344NetAssetsOrFundBalancesEOYAmt
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$696,920ExpenseAmt
Grant$696,920GrantAmt
DescSCHOLARSHIPS AND AWARDS TO STUDENTS. 296 SCHOLARSHIPS WERE AWARDED DURING THE YEAR.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$546,811ExpenseAmt
DescPROGRAM SUPPORT SERVICESDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$252,144ExpenseAmt
DescSUPPORT OF ATHLETIC PROGRAMSDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$10,750ExpenseAmt
DescBAND SUPPORT, ACADEMIC SUPPORT, AND VARIOUS MISSION SUPPORT PROGRAMS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$10,750TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$1,506,625TotalProgramServiceExpensesAmt
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 Document61IRPDocumentCnt
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 Members19GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
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 (22 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
SAMUEL R RHUE SR
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$198,013$65,58540.00
JON MOORE
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$169,301$42,22240.00
KARA C KING BESS
TRUSTEE2.00Yes (X)$0$0$0
ROBERT L TURNER JR
EXECUTIVE DIRECTOR40.00$40,000$0$0Yes (X)
MAKOLA M ABDULLAH
EX-OFFICIO2.00$0$381,050$79,695Yes (X)40.00
HARRISON BONNER III
DIRECTOR OF FINANCE & ACCOUNTING40.00$12,500$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$52,500TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$748,364TotReportableCompRltdOrgAmt
Total Other Compensation$187,502TotalOtherCompensationAmt
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$4,058,177AllOtherContributionsAmt
Total Contributions$4,058,177TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$418,278TotalRevenueColumnAmt
Exclusion$418,278ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$78,132SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$161,515SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$83,383SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$83,383TotalRevenueColumnAmt
Exclusion-$83,383ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,393,072TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$334,895ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$696,920TotalAmt
Program Services$696,920ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$75,411TotalAmt
Program Services$10,000ProgramServicesAmt
Management And General$65,411ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

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

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$37,221TotalAmt
Management And General$37,221ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$60,051TotalAmt
Management And General$60,051ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$92,483TotalAmt
Management And General$92,483ManagementAndGeneralAmt

Occupancy OccupancyGrp

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

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$14,674TotalAmt
Management And General$14,674ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROGRAM SUPPORT$547,561$547,561
ATHLETIC SUPPORT$252,144$252,144
PAYROLL PROCESSING$1,363$1,363
BANK FEES$518$518

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,889,084TotalAmt
Program Services$1,506,625ProgramServicesAmt
Management And General$301,721ManagementAndGeneralAmt
Fundraising$80,738FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,270,654BOYAmt
EOY$1,599,375EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,603,595BOYAmt
EOY$1,984,136EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$55,650BOYAmt
EOY$16,673EOYAmt
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$23,778,500BOYAmt
EOY$24,932,005EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

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

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$305,532EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$26,802,449BOYAmt
EOY$28,931,771EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$19,726BOYAmt
EOY$21,529EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$405,728BOYAmt
EOY$4,226,898EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$425,454BOYAmt
EOY$4,248,427EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$604,894BOYAmt
EOY$222,438EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$25,772,101BOYAmt
EOY$24,460,906EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$26,376,995BOYAmt
EOY$24,683,344EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$26,802,449BOYAmt
EOY$28,931,771EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,503,988ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$4,197,639NetUnrlzdGainsLossesInvstAmt
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$2,459,423CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,790,272CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,371,589CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,555,554CurrentTaxYearMinus1YearAmt
Current Tax Year$4,058,177CurrentTaxYearAmt
Total$12,235,015TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,459,423CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,790,272CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,371,589CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,555,554CurrentTaxYearMinus1YearAmt
Current Tax Year$4,058,177CurrentTaxYearAmt
Total$12,235,015TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$12,235,015PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$331,516CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$390,553CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$372,280CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$344,302CurrentTaxYearMinus1YearAmt
Current Tax Year$418,278CurrentTaxYearAmt
Total$1,856,929TotalAmt
FieldValueIRS element (for citing)
Total Support$14,091,944TotalSupportAmt
Public Support CY1700.86820PublicSupportCY170Pct
Public Support PY1700.85450PublicSupportPY170Pct
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$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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$16,191,088BeginningYearBalanceAmt
Contributions$900,590ContributionsAmt
Investment Earnings Or Losses$1,194,341InvestmentEarningsOrLossesAmt
Other Expenditures$1,906,189OtherExpendituresAmt
End Year Balance$16,379,830EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.08633BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.77348PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.14019TermEndowmentBalanceEOYPct
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$98,657
HELD IN CUSTODY TO VSU$4,128,241
FieldValueIRS element (for citing)
Total Liability$4,226,898TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$195,433TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$4,197,639NetUnrealizedGainsInvstAmt
Revenue Not Reported-$4,197,639RevenueNotReportedAmt
Revenue Subtotal$4,393,072RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,393,072TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,889,084TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,889,084ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,889,084TotalExpensesPerForm990Amt

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
Recipient296RecipientCnt
Cash Grant$696,920CashGrantAmt

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$356,050$0$25,000$0$0$0$24,427$0$55,268$0$460,745$0$0
KEVIN DAVENPORT
VSU VP ADMIN & FINANCE$0$198,013$0$0$0$0$0$38,356$0$27,229$0$263,598$0$0
TONYA S HALL
VSU VP FOR EXTERNAL AFFAIR$0$169,301$0$0$0$0$0$25,211$0$17,011$0$211,523$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationBONUSES AND INCENTIVES OF $25,000 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 RESHUNDA MAHONE, 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 OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmt
VIRGINIA STATE UNIVERSITY
B$1,246,056
VIRGINIA STATE UNIVERSITY
D$305,532
VIRGINIA STATE UNIVERSITY
E$98,657
VIRGINIA STATE UNIVERSITY
K$30,000
VIRGINIA STATE UNIVERSITY
P$23,897

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