VIRGINIA STATE UNIVERSITY FOUNDATION: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
VIRGINIA STATE UNIVERSITY FOUNDATION (EIN 54-6074532)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-04-27
IRS object ID
202031189349300408
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-04-27T10:07:23-05:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

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 Begin2018-07-01TaxPeriodBeginDt

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)
PersonBEVERLY EVERSON-JONESPersonNm
Person TitleCHAIRPersonTitleTxt
Phone8045245215PhoneNum
Signature2020-04-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLESLIE ROBERTSPreparerPersonNm
PTINP00040492PTIN
Phone7578731033PhoneNum
Preparation2020-04-15PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address206.248.228.130IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-04-15IPDt
IP Tm13:37:45IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdD0156BD46B4B1FE921C9503B1D7FFBF99E37DBABAtSubmissionCreationDeviceId
At Submission Filing Device IdBC41550CDE3D607E5022EB101A77F4047BABF2E9AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-09-23 17:36:50ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerBEVERLY EVERSON-JONESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 9027AddressLine1Txt
CityPETERSBURGCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23806ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,305,511GrossReceiptsAmt
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 Body21VotingMembersGoverningBodyCnt
Voting Members Independent18VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,459,423PYContributionsGrantsAmt
CY Contributions Grants$1,790,272CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,350,281PYInvestmentIncomeAmt
CY Investment Income$510,229CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,809,704PYTotalRevenueAmt
CY Total Revenue$2,300,501CYTotalRevenueAmt
PY Grants And Similar Paid$709,263PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$875,328CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$43,262PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$43,060CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$970,189PYOtherExpensesAmt
CY Other Expenses$973,132CYOtherExpensesAmt
PY Total Expenses$1,722,714PYTotalExpensesAmt
CY Total Expenses$1,891,520CYTotalExpensesAmt
PY Revenues Less Expenses$2,086,990PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$408,981CYRevenuesLessExpensesAmt
Total Assets BOY$18,677,642TotalAssetsBOYAmt
Total Assets EOY$19,549,786TotalAssetsEOYAmt
Total Liabilities BOY$93,229TotalLiabilitiesBOYAmt
Total Liabilities EOY$172,582TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$18,584,413NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$19,377,204NetAssetsOrFundBalancesEOYAmt
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$875,328ExpenseAmt
Grant$875,328GrantAmt
DescSCHOLARSHIPS AND AWARDS TO STUDENTS. 471 SCHOLARSHIPS WERE AWARDED DURING THE YEAR.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$410,216ExpenseAmt
DescPROGRAM SUPPORT SERVICESDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$218,564ExpenseAmt
DescSUPPORT OF ATHLETIC PROGRAMSDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$152,603ExpenseAmt
DescALUMNI AFFAIRS, BAND SUPPORT, ACADEMIC SUPPORT, AND VARIOUS MISSION SUPPORT PROGRAMS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$152,603TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$1,656,711TotalProgramServiceExpensesAmt
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
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
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 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 With Officer Ent0BusinessRlnWithOfficerEntInd
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 Document45IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee1EmployeeCnt
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 Members21GoverningBodyVotingMembersCnt
Independent Voting Member18IndependentVotingMemberCnt
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)
Phone8045245215PhoneNum

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 DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
BEVERLY EVERSON-JONES
CHAIR5.00Yes (X)Yes (X)$0$0$0
EMMETT E SMITH JR
TRUSTEE5.00Yes (X)$0$0$0
PAUL F GARNER
SECRETARY5.00Yes (X)Yes (X)$0$0$0
SAMUEL R RHUE SR
TREASURER5.00Yes (X)Yes (X)$0$0$0
WILLIS E GAY
TRUSTEE2.00Yes (X)$0$0$0
FRANKLIN H JOHNSON JR
VSU ALUMNI ASSOCIATION PRE2.00Yes (X)$0$0$0
FRANK JONES
TRUSTEE2.00Yes (X)$0$0$0
HARRISON BONNER III
TRUSTEE2.00Yes (X)$0$0$0
WILBERT J BRIGGS SR
TRUSTEE2.00Yes (X)$0$0$0
BRENDA STITH-FINCH
VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
FRASIER W BRICKHOUSE II
TRUSTEE2.00Yes (X)$0$0$0
IRENE F LOGAN
TRUSTEE2.00Yes (X)$0$0$0
KEVIN DAVENPORT
VSU VP FOR ADMINISTRATIVE2.00Yes (X)$0$179,544$47,07440.00
XAVIER RICHARDSON
VSU BOARD OF VISITORS2.00Yes (X)$0$0$0
VALERIE A JONES
TRUSTEE2.00Yes (X)$0$0$0
WILLIAM E BAILEY
TRUSTEE2.00Yes (X)$0$0$0
EARNEST A BAZEMORE
TRUSTEE2.00Yes (X)$0$0$0
RESHUNDA MAHONE
VSU VP FOR INSTITUTIONAL A2.00Yes (X)$0$168,603$24,56140.00
NARDOS E KING
TRUSTEE2.00Yes (X)$0$0$0
CLAUDE A WOOD
TRUSTEE2.00Yes (X)$0$0$0
MAKOLA M ABDULLAH
EX-OFFICIO2.00Yes (X)$0$401,818$41,145
ROBERT L TURNER JR
EXECUTIVE DIRECTOR40.00Yes (X)$40,000$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$40,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$749,965TotReportableCompRltdOrgAmt
Total Other Compensation$112,780TotalOtherCompensationAmt
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$1,790,272AllOtherContributionsAmt
Total Contributions$1,790,272TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$390,553TotalRevenueColumnAmt
Exclusion$390,553ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$4,124,686SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$4,005,010SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$119,676SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$119,676TotalRevenueColumnAmt
Exclusion$119,676ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,300,501TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$510,229ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$875,328TotalAmt
Program Services$875,328ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$39,810TotalAmt
Management And General$39,810ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$3,250TotalAmt
Management And General$3,250ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$77,370TotalAmt
Management And General$77,370ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$72,925TotalAmt
Management And General$72,925ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$703TotalAmt
Management And General$703ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$20,000TotalAmt
Management And General$20,000ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,172TotalAmt
Management And General$2,172ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$16,900TotalAmt
Management And General$16,900ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PROGRAM SUPPORT$410,216$410,216
ATHLETIC SUPPORT$218,564$218,564
TROJAN BAND$66,369$66,369
TRANSFERS TO VSU$31,056$31,056

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$56,857TotalAmt
Program Services$55,178ProgramServicesAmt
Management And General$1,679ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,891,520TotalAmt
Program Services$1,656,711ProgramServicesAmt
Management And General$234,809ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$706,258BOYAmt
EOY$698,032EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$811,356BOYAmt
EOY$2,046,523EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$103,240BOYAmt
EOY$121,500EOYAmt
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$16,930,592BOYAmt
EOY$16,531,413EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$75,672BOYAmt
EOY$70,634EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$23,524BOYAmt
EOY$54,684EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$18,677,642BOYAmt
EOY$19,549,786EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,262BOYAmt
EOY$26,873EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$89,967BOYAmt
EOY$145,709EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$93,229BOYAmt
EOY$172,582EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$460,653BOYAmt
EOY$539,978EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,434,540BOYAmt
EOY$5,260,079EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$12,689,220BOYAmt
EOY$13,577,147EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$18,584,413BOYAmt
EOY$19,377,204EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$18,677,642BOYAmt
EOY$19,549,786EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$408,981ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$383,810NetUnrlzdGainsLossesInvstAmt
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$1,655,129CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,984,467CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,968,549CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,459,423CurrentTaxYearMinus1YearAmt
Current Tax Year$1,790,272CurrentTaxYearAmt
Total$9,857,840TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,655,129CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,984,467CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,968,549CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,459,423CurrentTaxYearMinus1YearAmt
Current Tax Year$1,790,272CurrentTaxYearAmt
Total$9,857,840TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$9,857,840PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$673,800CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$237,915CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$288,921CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$331,516CurrentTaxYearMinus1YearAmt
Current Tax Year$390,553CurrentTaxYearAmt
Total$1,922,705TotalAmt
FieldValueIRS element (for citing)
Total Support$11,780,545TotalSupportAmt
Public Support CY1700.83680PublicSupportCY170Pct
Public Support PY1700.80690PublicSupportPY170Pct
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$16,379,830BeginningYearBalanceAmt
Contributions$911,567ContributionsAmt
Investment Earnings Or Losses$831,755InvestmentEarningsOrLossesAmt
Other Expenditures$774,349OtherExpendituresAmt
End Year Balance$17,348,803EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$14,067,602BeginningYearBalanceAmt
Contributions$720,239ContributionsAmt
Investment Earnings Or Losses$1,594,514InvestmentEarningsOrLossesAmt
Other Expenditures$191,267OtherExpendituresAmt
End Year Balance$16,191,088EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$13,882,235BeginningYearBalanceAmt
Contributions$694,365ContributionsAmt
Investment Earnings Or Losses-$314,208InvestmentEarningsOrLossesAmt
Other Expenditures$194,790OtherExpendituresAmt
End Year Balance$14,067,602EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$13,286,694BeginningYearBalanceAmt
Contributions$736,623ContributionsAmt
Investment Earnings Or Losses$392,812InvestmentEarningsOrLossesAmt
Other Expenditures$533,894OtherExpendituresAmt
End Year Balance$13,882,235EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.07410BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.78260PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.14330TermEndowmentBalanceEOYPct
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

FieldValueIRS element (for citing)
DescDUE TO RELATED PARTYDesc
Amt$145,709Amt
FieldValueIRS element (for citing)
Total Liability$145,709TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,684,311TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$383,810NetUnrealizedGainsInvstAmt
Revenue Not Reported$383,810RevenueNotReportedAmt
Revenue Subtotal$2,300,501RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,300,501TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,891,520TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,891,520ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,891,520TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE FOUNDATION INTENDS TO USE THE ENDOWMENT FUNDS TO AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.
PART X, LINE 2:THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS A NONPROFIT ORGANIZATION 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 OR STATE INCOME TAXES.

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
Recipient471RecipientCnt
Cash Grant$875,328CashGrantAmt

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 Payments0AnyNonFixedPaymentsInd
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
KEVIN DAVENPORT
VSU VP FOR ADMINISTRATIVE$0$179,544$0$0$0$0$0$22,552$0$24,522$0$226,618$0$0
RESHUNDA MAHONE
VSU VP FOR INSTITUTIONAL A$0$168,603$0$0$0$0$0$13,281$0$11,280$0$193,164$0$0
MAKOLA M ABDULLAH
EX-OFFICIO$0$401,818$0$0$0$0$0$18,685$0$22,460$0$442,963$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2TWO BOARD MEMBERS, KEVIN DAVENPORT 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 (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmt
VIRGINIA STATE UNIVERSITY
B$1,026,315
VIRGINIA STATE UNIVERSITY
D$54,684
VIRGINIA STATE UNIVERSITY
E$145,709
VIRGINIA STATE UNIVERSITY
P$58,000

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