EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION (EIN 23-7053028)
Tax period
2022-07-01 to 2023-06-30
Filed
2023-10-19
IRS object ID
202322929349300022
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-10-19T12:18:14-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN440160260PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FORVIS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1440 MONTICELLO AVE SUITE 1400AddressLine1Txt
CityNORFOLKCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23510ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237053028EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EASTERN VIRGINIA MEDICAL SCHOOLBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlEASTBusinessNameControlTxt
Phone7574466051PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 5AddressLine1Txt
CityNORFOLKCityNm
State AbbreviationVAStateAbbreviationCd
ZIP235010005ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHOMASIN CHRISMANPersonNm
Person TitleASSISTANT TREASURERPersonTitleTxt
Phone7574466065PhoneNum
Signature2023-10-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstTHOMASINPersonFirstNm
Person LastCHRISMANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAKRISHA J CASTLEBERRYPreparerPersonNm
PTINP01677333PTIN
Phone7576245100PhoneNum
Preparation2023-10-08PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

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

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK B DREYFUSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 5AddressLine1Txt
CityNORFOLKCityNm
State AbbreviationVAStateAbbreviationCd
ZIP235010005ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$20,615,774GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1969FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionTHE EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION SERVES TO STRENGTHEN THE FINANCIAL SECURITY OF THE EASTERN VIRGINIA MEDICAL SCHOOL BY ACCEPTING, INVESTING AND MANAGING GIFTS, DONATIONS AND BEQUESTS.ActivityOrMissionDesc
Voting Members Governing Body20VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$467,873NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,527,358PYContributionsGrantsAmt
CY Contributions Grants$9,942,566CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$9,479,122PYInvestmentIncomeAmt
CY Investment Income$1,867,962CYInvestmentIncomeAmt
PY Other Revenue$21,984PYOtherRevenueAmt
CY Other Revenue$96,146CYOtherRevenueAmt
PY Total Revenue$19,028,464PYTotalRevenueAmt
CY Total Revenue$11,906,674CYTotalRevenueAmt
PY Grants And Similar Paid$9,557,125PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$9,270,872CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$172,776PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$221,241CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$77,336CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$103,546CYTotalFundraisingExpenseAmt
PY Other Expenses$909,932PYOtherExpensesAmt
CY Other Expenses$883,343CYOtherExpensesAmt
PY Total Expenses$10,639,833PYTotalExpensesAmt
CY Total Expenses$10,452,792CYTotalExpensesAmt
PY Revenues Less Expenses$8,388,631PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,453,882CYRevenuesLessExpensesAmt
Total Assets BOY$165,919,612TotalAssetsBOYAmt
Total Assets EOY$175,187,870TotalAssetsEOYAmt
Total Liabilities BOY$1,563,678TotalLiabilitiesBOYAmt
Total Liabilities EOY$220,890TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$164,355,934NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$174,966,980NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION SERVES TO STRENGTHEN THE FINANCIAL SECURITY OF THE EASTERN VIRGINIA MEDICAL SCHOOL BY ACCEPTING, INVESTING AND MANAGING GIFTS, DONATIONS AND BEQUESTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,846,001ExpenseAmt
Grant$4,846,001GrantAmt
Revenue$96,146RevenueAmt
DescRESTRICTED GRANTS GIVEN TO THE EASTERN VIRGINIA MEDICAL SCHOOL FOR MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,394,982ExpenseAmt
Grant$1,394,982GrantAmt
DescAPPROPRIATIONS FOR MAINTENANCE AND OPERATIONS OF THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$1,798,232ExpenseAmt
Grant$1,798,232GrantAmt
DescAPPROPRIATIONS FOR PROGRAM AND PROFESSORSHIP ENHANCEMENTS OF THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$1,231,657ExpenseAmt
Grant$1,231,657GrantAmt
DescAPPROPRIATIONS FOR STUDENT SCHOLARSHIPS AT THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$1,231,657TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$1,231,657TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$9,270,872TotalProgramServiceExpensesAmt
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 Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
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 FundraisingYes (1)ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
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 ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document8IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
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 Members20GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
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 PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldAKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMEStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonTHOMASIN CHRISMAN ASSISTANT TREASUPersonNm
Phone7574466065PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 5AddressLine1Txt
CityNORFOLKCityNm
State AbbreviationVAStateAbbreviationCd
ZIP235010005ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
SHIRLEY C BALDWIN
CHAIR1.00Yes (X)Yes (X)$0$0$0
MARK B DREYFUS
TREASURER1.00Yes (X)Yes (X)$0$0$0
STEPHEN M SNYDER
SECRETARY1.00Yes (X)Yes (X)$0$0$0
CLYDE T CLARK JR
TRUSTEE1.00Yes (X)$0$0$0
ANDREW S FINE ESQ
TRUSTEE1.00Yes (X)$0$0$0
DAWN S GLYNN
TRUSTEE1.00Yes (X)$0$0$0
ROBERT C GOODMAN ESQ
TRUSTEE1.00Yes (X)$0$0$0
ANDREW C HODGE
TRUSTEE1.00Yes (X)$0$0$0
CHRISTOPHER D KASTNER
TRUSTEE1.00Yes (X)$0$0$0
KIRKLAND KELLEY
TRUSTEE1.00Yes (X)$0$0$0
PATRICIA Y KING MD
TRUSTEE1.00Yes (X)$0$0$0
EDWARD L LILLY MD
TRUSTEE1.00Yes (X)$0$0$0
MARK D MANION
TRUSTEE1.00Yes (X)$0$0$0
B THOMAS MANSBACH ESQ
TRUSTEE1.00Yes (X)$0$0$0
VINCENT J MASTRACCO JR ESQ
TRUSTEE1.00Yes (X)$0$0$0
VANDANA A PATEL MD
TRUSTEE1.00Yes (X)$0$0$0
ROBIN D RAY
TRUSTEE1.00Yes (X)$0$0$0
LOUIS F RYAN ESQ
TRUSTEE1.00Yes (X)$0$0$0
JANE R SHORT CFP
TRUSTEE1.00Yes (X)$0$0$0
CHARITY A VOLMAN-WINN
TRUSTEE1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$9,942,566AllOtherContributionsAmt
Noncash Contributions$2,383,261NoncashContributionsAmt
Total Contributions$9,942,566TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,771,509TotalRevenueColumnAmt
Exclusion$1,771,509ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$8,805,553SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$8,709,100SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$96,453SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$96,453TotalRevenueColumnAmt
Exclusion$96,453ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FUNDRAISING REIMBURSEMENT541900$63,789$63,789
NET LIFE INSURANCE ACTIVITY524298$32,357$32,357
FieldValueIRS element (for citing)
Other Revenue Total$96,146OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,906,674TotalRevenueColumnAmt
Related Or Exempt Func Income$96,146RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,867,962ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$9,262,997TotalAmt
Program Services$9,262,997ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$7,875TotalAmt
Program Services$7,875ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$180,852TotalAmt
Management And General$180,852ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$40,389TotalAmt
Management And General$40,389ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$44,594TotalAmt
Management And General$44,594ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$77,336TotalAmt
Fundraising$77,336FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$738,177TotalAmt
Management And General$738,177ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$500TotalAmt
Fundraising$500FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$4,849TotalAmt
Management And General$4,849ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,958TotalAmt
Management And General$5,958ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
UBI TAX$48,044$48,044
SPECIAL EVENTS & OTHER$25,710$25,710
GENERAL EXPENSES$14,401$14,401
BANK CHARGES$1,110$1,110

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,452,792TotalAmt
Program Services$9,270,872ProgramServicesAmt
Management And General$1,078,374ManagementAndGeneralAmt
Fundraising$103,546FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$203,928BOYAmt
EOY$1,182,583EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$12,198,925BOYAmt
EOY$12,674,543EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,466,599BOYAmt
EOY$3,679,481EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$43,104,053BOYAmt
EOY$40,330,091EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$105,146,521BOYAmt
EOY$115,473,878EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,799,586BOYAmt
EOY$1,847,294EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$165,919,612BOYAmt
EOY$175,187,870EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$250EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,563,678BOYAmt
EOY$220,640EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,563,678BOYAmt
EOY$220,890EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$22,066,314BOYAmt
EOY$23,402,219EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$142,289,620BOYAmt
EOY$151,564,761EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$164,355,934BOYAmt
EOY$174,966,980EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$165,919,612BOYAmt
EOY$175,187,870EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,453,882ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$9,157,164NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
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 CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$23,785,190CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,406,388CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,448,443CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,527,358CurrentTaxYearMinus1YearAmt
Current Tax Year$9,942,566CurrentTaxYearAmt
Total$69,109,945TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$23,785,190CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,406,388CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,448,443CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,527,358CurrentTaxYearMinus1YearAmt
Current Tax Year$9,942,566CurrentTaxYearAmt
Total$69,109,945TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,987,379SubstantialContributorsTotAmt
Public Support Total170$64,122,566PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,714,178CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,643,348CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,169,331CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,272,794CurrentTaxYearMinus1YearAmt
Current Tax Year$1,771,509CurrentTaxYearAmt
Total$7,571,160TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$86,626CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$86,798CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$93,635CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$21,984CurrentTaxYearMinus1YearAmt
Current Tax Year$32,357CurrentTaxYearAmt
Total$321,400TotalAmt
FieldValueIRS element (for citing)
Total Support$77,002,505TotalSupportAmt
Public Support CY1700.83270PublicSupportCY170Pct
Public Support PY1700.84040PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationNET LIFE INSURANCE ACTIVITY - 2018 AMOUNT: $ 9,375. 2019 AMOUNT: $ 29,702. 2020 AMOUNT: $ 30,689. 2021 AMOUNT: $ 21,984. 2022 AMOUNT: $ 32,357. FUNDRAISING REIMBURSEMENT - 2018 AMOUNT: $ 77,251. 2019 AMOUNT: $ 57,096. 2020 AMOUNT: $ 62,946.ExplanationTxt

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$137,625,711BeginningYearBalanceAmt
Contributions$5,540,258ContributionsAmt
Investment Earnings Or Losses$9,442,238InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,155,235GrantsOrScholarshipsAmt
End Year Balance$148,452,972EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$152,680,070BeginningYearBalanceAmt
Contributions$4,149,234ContributionsAmt
Investment Earnings Or Losses-$15,050,978InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,152,705GrantsOrScholarshipsAmt
End Year Balance$137,625,711EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$115,609,034BeginningYearBalanceAmt
Contributions$2,571,213ContributionsAmt
Investment Earnings Or Losses$37,865,241InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,365,418GrantsOrScholarshipsAmt
End Year Balance$152,680,070EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$115,186,989BeginningYearBalanceAmt
Contributions$1,698,795ContributionsAmt
Investment Earnings Or Losses$1,919,746InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,196,496GrantsOrScholarshipsAmt
End Year Balance$115,609,034EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$98,091,738BeginningYearBalanceAmt
Contributions$14,207,368ContributionsAmt
Investment Earnings Or Losses$6,377,263InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,489,380GrantsOrScholarshipsAmt
End Year Balance$115,186,989EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.15000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.61000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.24000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescALTERNATIVE INVESTMENTSDesc
Book Value$115,473,878BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$115,473,878TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescAMOUNT DUE TO AFFILIATESDesc
Amt$220,640Amt
FieldValueIRS element (for citing)
Total Liability$220,640TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$20,722,726TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$9,157,164NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$508,898DonatedServicesAndUseFcltsAmt
Revenue Not Reported$9,666,062RevenueNotReportedAmt
Revenue Subtotal$11,056,664RevenueSubtotalAmt
Investment Expenses Not Incld$738,177InvestmentExpensesNotIncldAmt
Other Revenues Not Included$111,833OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$850,010RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$11,906,674TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$10,111,680TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$508,898DonatedServicesUseFcltsAmt
Expenses Not Reported$508,898ExpensesNotReportedAmt
Expenses Subtotal$9,602,782ExpensesSubtotalAmt
Investment Expenses Not Incld2$738,177InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$111,833OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$850,010ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$10,452,792TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 200 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS.
PART X, LINE 2:THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. CERTAIN INVESTMENT EARNINGS MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAX BUT THE EARNINGS HAVE BEEN IMMATERIAL. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX OBLIGATIONS AS OF JUNE 30, 2023 AND 2022.
PART XI, LINE 4B - OTHER ADJUSTMENTS:UBI TAX 48,044. REIMBURSEMENTS FROM EVMS 63,789.
PART XII, LINE 4B - OTHER ADJUSTMENTS:UBI TAX 48,044. PAYMENTS TO FUNDRAISER AND VENDOR - REIMBURSED BY EVMS 63,789.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1CATAPULT FUNDRAISING INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12651 N GREEN VALLEY PKWYAddressLine1Txt
CityHENDERSONCityNm
State AbbreviationNVStateAbbreviationCd
ZIP89014ZIPCd
FieldValueIRS element (for citing)
ActivityFUNDRAISINGActivityTxt
Fundraiser Control Of Funds0FundraiserControlOfFundsInd
Gross Receipts$93,285GrossReceiptsAmt
Retained By Contractor$77,336RetainedByContractorAmt
Net To Organization$15,949NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$93,285TotalGrossReceiptsAmt
Total Retained By Contractors$77,336TotalRetainedByContractorsAmt
Total Net To Organization$15,949TotalNetToOrganizationAmt
Licensed StatesALLicensedStatesCd
Licensed StatesAKLicensedStatesCd
Licensed StatesARLicensedStatesCd
Licensed StatesCALicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesGALicensedStatesCd
Licensed StatesHILicensedStatesCd
Licensed StatesILLicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesLALicensedStatesCd
Licensed StatesMELicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMILicensedStatesCd
Licensed StatesMNLicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesMOLicensedStatesCd
Licensed StatesNVLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNMLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesNDLicensedStatesCd
Licensed StatesOHLicensedStatesCd
Licensed StatesOKLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesRILicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesTNLicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesWALicensedStatesCd
Licensed StatesWVLicensedStatesCd
Licensed StatesWILicensedStatesCd

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1EASTERN VIRGINIA MEDICAL SCHOOLBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1980AddressLine1Txt
CityNORFOLKCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23501ZIPCd
FieldValueIRS element (for citing)
Recipient EIN546055378RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$9,262,997CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantSUPPORT EVMS PROFESSORSHIPS, CHAIRS, AND OPERATIONS, SCHOLARSHIPSPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeAWARDSGrantTypeTxt
Recipient7RecipientCnt
Cash Grant$7,875CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationPROGRAM EXPENDITURES ARE MONITORED BY THE ACCOUNTING OFFICE FOR FINANCIAL AVAILABILITY AND THE DEVELOPMENT OFFICE TO MATCH THE EXPENDITURE AGAINST THE DONOR RESTRICTIONS.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution21ContributionCnt
Noncash Contributions Rpt F990$2,383,261NoncashContributionsRptF990Amt
Method Of Determining RevenuesQUOTED STOCK PRICESMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationFOR LINE 9(B), THE NUMBER OF STOCK DONATIONS RECEIVED (NOT SHARES) IS REPORTED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PREPARED BY MANAGEMENT WITH THE ASSISTANCE OF THE EXTERNAL AUDIT FIRM. THE FORM 990 IS APPROVED BY THE FINANCE AND INVESTMENT COMMITTEE AND IS AVAILABLE FOR REVIEW BY ALL BOARD OF TRUSTEES MEMBERS PRIOR TO SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12CEACH TRUSTEE OF THE BOARD IS REQUIRED TO DISCLOSE CONFLICT OF INTEREST ANNUALLY. INDEPENDENT COMMITTEES EVAULATE CONFLICT OF INTERESTS AND TRUSTEES WITH CONFLICTS OF INTEREST ARE NOT PERMITTED TO VOTE ON PROPOSALS RELATED TO CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15IT IS THE POLICY OF THE EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION TO PAY WAGES AND SALARIES WHICH APPROPRIATELY RECOGNIZE JOB RESPONSIBILITIES AND INDIVIDUAL PERFORMANCE AND ARE COMPETITIVE IN THE JOB MARKET IN ORDER TO ATTRACT, RETAIN, REWARD, AND MOTIVATE EMPLOYEES. THE WAGES AND SALARIES ARE PAID BY EASTERN VIRGINIA MEDICAL SCHOOL AND REIMBURSED BY THE FOUNDATION.
FORM 990, PART VI, SECTION C, LINE 19UPON REQUEST
FORM 990, PART XII, LINE 2CNO CHANGES TO OVERSIGHT COMMITTEE FROM PRIOR YEAR.

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