CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC (EIN 54-1863192)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2023-11-09
- IRS object ID
- 202343139349300819
- 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
- Form 990
- Schedule A
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-09T07:29:24-06:00 | ReturnTs |
| Tax Period End | 2023-06-30 | 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 | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541863192 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTOPHER NEWPORT UNIVERSITY | BusinessNameLine1Txt |
| Business Name Line2 | REAL ESTATE FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHRI | BusinessNameControlTxt |
| 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 | 236062998 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SPENCER MCDONALD | PersonNm |
| Person Title | CONTROLLER | PersonTitleTxt |
| Phone | 7575947941 | PhoneNum |
| Signature | 2023-11-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SPENCER | PersonFirstNm |
| Person Last | MCDONALD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| 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 | 2023-11-03 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | 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 | $13,072,963 | 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 | 1997 | 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 THE CHRISTOPHER NEWPORT UNIVERSITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $234,924 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $193,192 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$233,453 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,309 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,704,286 | PYOtherRevenueAmt |
| CY Other Revenue | $4,117,653 | CYOtherRevenueAmt |
| PY Total Revenue | $4,470,833 | PYTotalRevenueAmt |
| CY Total Revenue | $4,121,962 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,751,041 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,914,294 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $578,599 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $662,432 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $219,517 | PYOtherExpensesAmt |
| CY Other Expenses | $270,811 | CYOtherExpensesAmt |
| PY Total Expenses | $3,549,157 | PYTotalExpensesAmt |
| CY Total Expenses | $3,847,537 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $921,676 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $274,425 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $113,342,924 | TotalAssetsBOYAmt |
| Total Assets EOY | $122,142,733 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $103,206,373 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $111,580,357 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $10,136,551 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $10,562,376 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO RECEIVE, ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF THE CHRISTOPHER NEWPORT UNIVERSITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,914,294 | ExpenseAmt |
| Grant | $2,914,294 | GrantAmt |
| Revenue | $3,865,142 | RevenueAmt |
| Desc | CHRISTOPHER NEWPORT UNIVERSITY - EDUCATIONAL EXPENSES GIVEN AS DIRECT SUPPORT TO CHRISTOPHER NEWPORT UNIVERSITY. | Desc |
| Total Program Service Expenses | $2,914,294 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | 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 | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | 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 | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| 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 | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 10 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| 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 | 0 | QuidProQuoContributionsInd |
| 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 | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | 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 | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| 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 (17 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 |
|---|---|---|---|---|---|---|---|
| ADELIA P THOMPSON | |||||||
| BOARD MEMBER | 10.00 | 30.00 | Yes (X) | $0 | $410,584 | $23,972 | |
| ANN HUNNICUT | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| RANDOLPH P BRYANT | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL C MARTIN | |||||||
| PRESIDENT | 10.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| PAUL S TRIBLE | |||||||
| BOARD MEMBER | 10.00 | 30.00 | Yes (X) | $605,100 | $426,384 | $32,343 | |
| WILLIAM P HEATH JR | |||||||
| BOARD MEMBER | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM L BRAUER | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LINDSEY A CARNEY | |||||||
| BOARD OF VISITORS APPOINTE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| W BRUCE JENNINGS | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| M CLARK BALDWIN | |||||||
| VICE PRESIDENT | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| STEVEN A MEADE | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CHARLES WORNOM | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JENNIFER LATOUR | |||||||
| SECRETARY | 10.00 | 30.00 | Yes (X) | $0 | $239,549 | $32,135 | Yes (X) |
| C LARRY POPE | |||||||
| BOARD OF VISITORS APPOINTE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ALAN WITT | |||||||
| BOARD MEMBER | 1.00 | 39.00 | Yes (X) | $0 | $215,544 | $22,529 | |
| K SPENCER MCDONALD | |||||||
| CONTROLLER & TREASURER | 20.00 | 20.00 | $0 | $139,664 | $13,361 | Yes (X) | |
| DOUGLAS L HORNSBY | |||||||
| CHIEF EXECUTIVE OFFICER | 20.00 | 20.00 | $0 | $227,184 | $23,341 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $605,100 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,658,909 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $147,681 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GLAVE & HOLMES | |||||
| 2101 E MAIN ST | RICHMOND | VA | 23223 | ARCHITECTURAL SERVICES | $214,638 |
| MCGUIRE WOODS LLP | |||||
| GATEWAY PLAZA | RICHMOND | VA | 23219 | LEGAL ASSISTANCE | $162,905 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,309 | TotalRevenueColumnAmt |
| Exclusion | $4,309 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $13,046,547 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $8,951,001 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $4,095,546 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,095,546 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,860,622 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $234,924 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| UBIT REFUND | 531110 | $17,587 | $17,587 | |
| PROPERTY DAMAGE REFUND | 531110 | $4,235 | $4,235 | |
| UTILITY REFUND | 531110 | $285 | $285 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $22,107 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,121,962 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,865,142 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $234,924 | UnrelatedBusinessRevenueAmt |
| Exclusion | $21,896 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,914,294 | TotalAmt |
| Program Services | $2,914,294 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $627,157 | TotalAmt |
| Management And General | $627,157 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,275 | TotalAmt |
| Management And General | $35,275 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,152 | TotalAmt |
| Management And General | $157,152 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,657 | TotalAmt |
| Management And General | $1,657 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,775 | TotalAmt |
| Management And General | $21,775 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,512 | TotalAmt |
| Management And General | $19,512 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $367 | TotalAmt |
| Management And General | $367 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,844 | TotalAmt |
| Management And General | $3,844 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| UNRELATED BUSINESS INCO | $63,669 | $63,669 |
| DUES AND SUBSCRIPTIONS | $2,835 | $2,835 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,847,537 | TotalAmt |
| Program Services | $2,914,294 | ProgramServicesAmt |
| Management And General | $933,243 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,486,634 | BOYAmt |
| EOY | $2,955,880 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,004,309 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $980,000 | BOYAmt |
| EOY | $940,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $823,463 | BOYAmt |
| EOY | $825,808 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $393 | BOYAmt |
| EOY | $359 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $159,105,032 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $45,693,001 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,470,298 | BOYAmt |
| EOY | $113,412,031 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,582,136 | BOYAmt |
| EOY | $3,004,346 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,342,924 | BOYAmt |
| EOY | $122,142,733 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $405,022 | BOYAmt |
| EOY | $2,022,614 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,460,641 | BOYAmt |
| EOY | $68,626,760 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,923,922 | BOYAmt |
| EOY | $40,768,675 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $416,788 | BOYAmt |
| EOY | $162,308 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,206,373 | BOYAmt |
| EOY | $111,580,357 | 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 | $10,136,551 | BOYAmt |
| EOY | $10,562,376 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,136,551 | BOYAmt |
| EOY | $10,562,376 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,342,924 | BOYAmt |
| EOY | $122,142,733 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $274,425 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $151,400 | 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) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTOPHER NEWPORT UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540701501 | EIN |
| Organization Type | 2 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $2,914,292 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $2,914,292 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (1) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | 0 | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Test | Yes (X) | ActivitiesTestInd |
| Activities Further Exempt Prps | Yes (1) | ActivitiesFurtherExemptPrpsInd |
| Activities Engaged Org Invlmnt | Yes (1) | ActivitiesEngagedOrgInvlmntInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE A, PART IV, SECTION E, LINE 2A | THE CNU REAL ESTATE FOUNDATION IS A NONPROFIT CORPORATION WHICH FUNCTIONS AS A CHARITABLE FOUNDATION TO ASSIST, SUPPORT AND FOSTER THE MISSION OF CHRISTOPHER NEWPORT UNIVERSITY. THE REAL ESTATE FOUNDATION ACCOMPLISHED THIS MISSION BY: - PROVIDING THE UNIVERSITY WITH GUIDANCE AND DECISION-MAKING INFORMATION IN THE MATTERS OF REAL ESTATE AND REAL ESTATE VALUE AND ACQUISITION; - FUNCTIONING AS A HOLDING COMPANY AND MANAGER OF NON-CAMPUS PROPERTIES; - ADVISING CNU LEADERSHIP IN THE SECURING OF REAL ESTATE FOR INVESTMENT PURPOSES AND; - PROVIDING DIRECT SUPPORT TO THE UNIVERSITY TO ASSIST IN ITS OPERATIONS; - PROVIDING REAL ESTATE INFORMATION IN SUPPORT OF THE GROWTH AND GROWTH MANAGEMENT STRATEGIES OF THE UNIVERSITY. |
| SCHEDULE A, PART IV, SECTION E, LINE 2B | AS CHRISTOPHER NEWPORT UNIVERSITY CONTINUES TO GROW REAL ESTATE ACQUISITION AND MANAGEMENT WILL CONTINUE TO BE AND IMPORTANT ROLE OF CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION. |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,785,031 | OtherCostOrOtherBasisAmt |
| Book Value | $21,785,031 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $121,951,180 | OtherCostOrOtherBasisAmt |
| Depreciation | $45,398,691 | DepreciationAmt |
| Book Value | $76,552,489 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $608,460 | OtherCostOrOtherBasisAmt |
| Depreciation | $275,586 | DepreciationAmt |
| Book Value | $332,874 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,760,361 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,724 | DepreciationAmt |
| Book Value | $14,741,637 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $113,412,031 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| SECURITY DEPOSITS | $85,504 |
| RENTS PAID IN ADVANCE | $64,441 |
| DUE TO REAL ESTATE FOUNDATION | $4,053 |
| ACCRUED UBIT | $8,310 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $162,308 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $13,079,463 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $8,957,501 | OtherRevenueAmt |
| Revenue Not Reported | $8,957,501 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,121,962 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,121,962 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $12,653,638 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $8,957,501 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $8,957,501 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,696,137 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $151,400 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $151,400 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,847,537 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, 2023 AND 2022 WERE $64,001 AND $59,800, RESPECTIVELY. THERE WAS NO TAX LIABILITY AS OF JUNE 30, 2023 AND 2022. 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, 2023 AND 2022. 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 XI, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 8,951,001. RECAPTURE OF UNCOLLECTIBLE RENTS 6,500. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 8,951,001. RECAPTURE OF UNCOLLECTIBLE RENTS 6,500. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INCOME TAX PAYMENTS 151,400. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTOPHER NEWPORT UNIVERSITY | BusinessNameLine1Txt |
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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 540701501 | RecipientEIN |
| IRC Section | 115 | IRCSectionDesc |
| Cash Grant | $2,914,292 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | EDUCATIONAL | PurposeOfGrantTxt |
| 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 | 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 KNOWLEDGABLE ABOUT THE ACTIVITY REQUESTING THE FUNDING. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| 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 (6 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAUL S TRIBLE | ||||||||||||||
| BOARD MEMBER | $605,100 | $426,384 | $0 | $0 | $0 | $0 | $0 | $480 | $0 | $31,863 | $605,100 | $458,727 | $0 | $0 |
| ADELIA P THOMPSON | ||||||||||||||
| BOARD MEMBER | $0 | $410,584 | $0 | $0 | $0 | $0 | $0 | $480 | $0 | $23,492 | $0 | $434,556 | $0 | $0 |
| JENNIFER LATOUR | ||||||||||||||
| SECRETARY | $0 | $239,549 | $0 | $0 | $0 | $0 | $0 | $480 | $0 | $31,655 | $0 | $271,684 | $0 | $0 |
| DOUGLAS L HORNSBY | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $0 | $227,184 | $0 | $0 | $0 | $0 | $0 | $480 | $0 | $22,861 | $0 | $250,525 | $0 | $0 |
| ALAN WITT | ||||||||||||||
| BOARD MEMBER | $0 | $215,544 | $0 | $0 | $0 | $0 | $0 | $240 | $0 | $22,289 | $0 | $238,073 | $0 | $0 |
| K SPENCER MCDONALD | ||||||||||||||
| CONTROLLER & TREASURER | $0 | $139,664 | $0 | $0 | $0 | $0 | $0 | $480 | $0 | $12,881 | $0 | $153,025 | $0 | $0 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| ECONOMIC DEVELOPMENT AUTHORITY OF THE COUNTY OF JAMES CITY VA | |||||||
| A | 541139263 | 2016-06-29 | $2,642,119 | TO FINANCE ACQUISITION OF PROPERTIES DEEMED ESSENTIAL FOR EXPANSION | 0 | 0 | 0 |
| ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF NEWPORT NEWS VIRGINIA | |||||||
| B | 521290859 | 2022-08-16 | $6,878,943 | TO FINANCE ACQUISITION OF PROPERTIES DEEMED ESSENTIAL FOR EXPANSION | 0 | 0 | 0 |
| INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF NEWPORT NEWS VA | |||||||
| C | 541737715 | 2020-01-28 | $20,075,000 | TO FINANCE ACQUISITION OF PROPERTIES DEEMED ESSENTIAL FOR EXPANSION | 0 | 0 | 0 |
| INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF NEWPORT NEWS VA | |||||||
| D | 541290859 | 2015-06-23 | $6,886,000 | REFINANCE INDEBTEDNESS | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $516,000 | $2,642,119 | $2,642,119 | 2001 | 0 | 0 | Yes (1) | Yes (1) | ||
| B | $432,400 | $6,878,943 | $6,878,943 | 2002 | 0 | 0 | Yes (1) | Yes (1) | ||
| C | $3,942,698 | $20,075,000 | $2,302,953 | 2004 | 0 | 0 | Yes (1) | Yes (1) | $252,047 | $17,520,000 |
| D | $3,242,080 | $6,886,000 | $6,767,442 | 2015 | Yes (1) | 0 | Yes (1) | Yes (1) | $118,558 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | Yes (1) | 0 | 0 | 0 | Yes (1) | 0 | Yes (1) |
| B | Yes (1) | 0 | 0 | 0 | Yes (1) | 0 | Yes (1) |
| C | Yes (1) | 0 | 0 | 0 | Yes (1) | 0 | Yes (1) |
| D | Yes (1) | 0 | 0 | 0 | Yes (1) | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF NEWPORT NEWS VIRGINIA | |||||||
| A | 541737715 | 2013-12-18 | $41,290,000 | TO FINANCE ACQUISITION OF PROPERTIES DEEMED ESSENTIAL FOR EXPANSION | 0 | 0 | 0 |
| INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF NEWPORT NEWS VA | |||||||
| B | 541737715 | 2019-12-18 | $14,000,000 | TO FINANCE ACQUISITION OF PROPERTIES DEEMED ESSENTIAL FOR EXPANSION | 0 | 0 | 0 |
| INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF NEWPORT NEWS VIRGINIA | |||||||
| C | 541737715 | 2022-08-16 | $28,500,000 | TO FINANCE ACQUISITION OF PROPERTIES DEEMED ESSENTIAL FOR EXPANSION | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|
| A | $12,212,535 | $41,290,000 | $280,000 | $41,010,000 | 2013 | 0 | 0 | Yes (1) | Yes (1) |
| B | $2,799,599 | $14,000,000 | $211,559 | $13,788,441 | 2019 | 0 | 0 | Yes (1) | Yes (1) |
| C | $14,637,444 | $3,575,302 | $11,062,142 | 2024 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | Yes (1) | 0 | 0 | 0 | Yes (1) | 0 | Yes (1) |
| B | Yes (1) | 0 | 0 | 0 | Yes (1) | 0 | Yes (1) |
| C | Yes (1) | 0 | 0 | 0 | Yes (1) | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | 0 |
| C | Yes (1) |
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 THROUGH E-MAIL. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, DIRECTORS MUST DISCLOSE INTEREST 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 B, LINE 15A | THE COMPENSATION COMMITTEE MEETS AND AN AGREEMENT IS DRAFTED BY AN ATTORNEY. THE ORGANIZATION RECEIVES A COMPENSATION OPINION FROM A PROFESSIONAL COMPANY. THE AGREEMENT IS THEN RATIFIED BY THE FULL BOARD. |
| 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: | DEFERRED PROVISION FOR INCOME TAXES 151,400. |
| PART XII, LINE 2C | THE AUDIT COMMITTEE MEETS AT LEAST ONCE A YEAR. ANNUALLY, THE INDEPENDENT AUDITORS PRESENT THE AUDITED FINANCIAL STATEMENTS AND MANAGEMENT REPORT TO THE AUDIT COMMITTEE. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (21 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | EINEIN |
|---|---|---|---|---|---|---|---|---|---|
| RAPPAHANNOCK HALL AT CHRISTOPHER NEWPORT UNIVERSITY LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | $1,505,869 | $29,993,358 | CNU REAL ESTATE FOUNDATION | |
| CNU VILLAGE LAND LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | $2,833,277 | $16,832,725 | CNU REAL ESTATE FOUNDATION | 383697295 |
| CNU BARCLAY TWO LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | $301,777 | $13,657,441 | CNU REAL ESTATE FOUNDATION | 542060797 |
| CNU HIDENWOOD SHOPPING CENTER LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | $459,271 | $10,003,938 | CNU REAL ESTATE FOUNDATION | |
| CNU OFFICE PARK LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | $620,649 | $7,097,361 | CNU REAL ESTATE FOUNDATION | |
| CNU UNIVERSITY APARTMENTS LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | $2,120,570 | $4,744,651 | CNU REAL ESTATE FOUNDATION | 542058705 |
| UNIVERSITY PLACE RETAIL LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | $50,542 | $3,042,944 | CNU REAL ESTATE FOUNDATION | |
| MARINER EAST LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | -$172,707 | $2,501,626 | CNU REAL ESTATE FOUNDATION | |
| CNU SOC LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | -$5,031 | $901,070 | CNU REAL ESTATE FOUNDATION | |
| CNU SPCOM LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | $797,648 | CNU REAL ESTATE FOUNDATION | 743143811 | |
| CNU PROPERTIES LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | $444,448 | $786,707 | CNU REAL ESTATE FOUNDATION | 542058704 |
| CNU 12396 WARWICK LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | -$50,709 | $594,625 | CNU REAL ESTATE FOUNDATION | |
| CNU VILLAGE RETAIL LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | $214,964 | CNU REAL ESTATE FOUNDATION | ||
| WARWICK PROPERTIES EAST LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | -$348 | $147,702 | CNU REAL ESTATE FOUNDATION | |
| CNU OFFICE PARK GUARANTOR LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | CNU REAL ESTATE FOUNDATION | |||
| CNU RAPPAHANNOCK CONDOMINIUM OWNERS ASSOCIATION | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | CNU REAL ESTATE FOUNDATION | |||
| CNU HIDEN HUSSEY LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | CNU REAL ESTATE FOUNDATION | |||
| CNU COMMERCIAL LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | CNU REAL ESTATE FOUNDATION | |||
| CNU VILLAGE LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | CNU REAL ESTATE FOUNDATION | |||
| CNU WARWICK TWO LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | CNU REAL ESTATE FOUNDATION | 542058737 | ||
| CNU 12340 WARWICK LLC | |||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | REAL ESTATE HOLDING COMPANY | VA | CNU REAL ESTATE FOUNDATION | |||
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 | EDUCATION | VA | 170(B)(1)(A)(IV) | N/A | 0 | |
| CHRISTOPHER NEWPORT UNIVERSITY EDUCATION FOUNDATION | ||||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | 541156248 | SUPPORT OF UNIVERSITY | VA | 501(C)(3) | N/A | 0 | 5 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Entity TypeEntityTypeTxt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|
| CNU RAPPAHANNOCK CONDOMINIUM ASSOCIATION | ||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | CONDOMINIUM ASSOCIATION | VA | C | 1.00000 | 0 |
| CNU VILLAGE CONDOMINIUM UNIT OWNERS' ASSOCIATION INC | ||||||||
| ONE UNIVERSITY PLACE | NEWPORT NEWS | VA | 23606 | CONDOMINIUM ASSOCIATION | VA | C | 1.00000 | 0 |
| 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 | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | 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 | Yes (1) | 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 (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CHRISTOPHER NEWPORT UNIVERSITY | ||
| B | $2,914,292 | CASH |
| CHRISTOPHER NEWPORT UNIVERSITY | ||
| J | $9,987,652 | CASH |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCH R, PART I, COLUMN E | FormAndLineReferenceDesc |
| Explanation | DISREGARDED ENTITIES END OF THE YEAR ASSETS LLCS HAVE BEEN ESTABLISHED IN THE ANTICIPATION OF ACQUIRING PROPERTIES FOR THE REAL ESTATE FOUNDATION AND THE UNIVERSITY'S USE. PROPERTY HAS NOT YET BEEN ACQUIRED BY EVERY LLC. ALSO, CERTAIN LLC'S HAVE SERVED THEIR INITIAL PROPERTY ACQUISITION PURPOSE AND THE ASSETS HAVE BEEN SOLD OR TRANSFERRED; THESE LLCS ARE BEING MAINTAINED FOR FUTURE BUSINESS PURPOSES. | ExplanationTxt |
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