EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION (EIN 23-7053028)
Tax period
2018-07-01 to 2019-06-30
Filed
2019-11-08
IRS object ID
201913129349303501
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)
Return2019-11-08T16:27:46-06:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN560747981PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DIXON HUGHES GOODMAN 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 Begin2018-07-01TaxPeriodBeginDt

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)
PersonHELEN S HESELIUSPersonNm
Person TitleASSISTANT TREASURERPersonTitleTxt
Phone7574466065PhoneNum
Signature2019-10-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAKRISHA J WATSONPreparerPersonNm
PTINP01677333PTIN
Phone7576245100PhoneNum
Preparation2019-10-29PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address4.28.226.33IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-10-29IPDt
IP Tm10:34:50IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id3CD412B09983E39150554DEC6362464A9D6A3E5CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-04-17 16:48:07ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSUSAN R COLPITTSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1358 MOWBRAY ARCHAddressLine1Txt
CityNORFOLKCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23501ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$46,643,123GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.EVMSFOUNDATION.ORGWebsiteAddressTxt
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 Body27VotingMembersGoverningBodyCnt
Voting Members Independent27VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers27TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$85,924NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,574,388PYContributionsGrantsAmt
CY Contributions Grants$23,785,190CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$4,893,685PYInvestmentIncomeAmt
CY Investment Income$6,695,584CYInvestmentIncomeAmt
PY Other Revenue$82,383PYOtherRevenueAmt
CY Other Revenue$86,626CYOtherRevenueAmt
PY Total Revenue$12,550,456PYTotalRevenueAmt
CY Total Revenue$30,567,400CYTotalRevenueAmt
PY Grants And Similar Paid$7,453,743PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$8,143,025CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$160,125PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$183,599CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$54,437PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$76,848CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$113,356CYTotalFundraisingExpenseAmt
PY Other Expenses$93,644PYOtherExpensesAmt
CY Other Expenses$791,496CYOtherExpensesAmt
PY Total Expenses$7,761,949PYTotalExpensesAmt
CY Total Expenses$9,194,968CYTotalExpensesAmt
PY Revenues Less Expenses$4,788,507PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$21,372,432CYRevenuesLessExpensesAmt
Total Assets BOY$106,639,944TotalAssetsBOYAmt
Total Assets EOY$128,471,833TotalAssetsEOYAmt
Total Liabilities BOY$739,602TotalLiabilitiesBOYAmt
Total Liabilities EOY$390,422TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$105,900,342NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$128,081,411NetAssetsOrFundBalancesEOYAmt
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$4,594,446ExpenseAmt
Grant$4,594,446GrantAmt
DescRESTRICTED GRANTS GIVEN TO THE EASTERN VIRGINIA MEDICAL SCHOOL FOR MEDICAL RESEARCH AND EDUCATIONAL PROGRAMSDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,334,603ExpenseAmt
Grant$1,334,603GrantAmt
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$1,296,191ExpenseAmt
Grant$1,296,191GrantAmt
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$917,785ExpenseAmt
Grant$917,785GrantAmt
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$917,785TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$917,785TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$8,143,025TotalProgramServiceExpensesAmt
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 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 With Officer Ent0BusinessRlnWithOfficerEntInd
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 Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
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 Members27GoverningBodyVotingMembersCnt
Independent Voting Member27IndependentVotingMemberCnt
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 FldAZStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
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 FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
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 FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonHELEN S HESELIUS ASSISTANT TREASUPersonNm
Phone7574466065PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1358 MOWBRAY ARCHAddressLine1Txt
CityNORFOLKCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23501ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
WAYNE F WILBANKS CFA
CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
ANDREW S FINE ESQ
SECRETARY1.00Yes (X)Yes (X)$0$0$0
STEVEN D FREDRICKSON
TREASURER1.00Yes (X)Yes (X)$0$0$0
SHIRLEY C BALDWIN
TRUSTEE1.00Yes (X)$0$0$0
JUSTIN C BALLARD
TRUSTEE1.00Yes (X)$0$0$0
PAUL D CHIDESTER MD
TRUSTEE1.00Yes (X)$0$0$0
CLYDE T CLARK JR
TRUSTEE1.00Yes (X)$0$0$0
BENJAMIN G COTTRELL V
TRUSTEE1.00Yes (X)$0$0$0
MARK B DREYFUS
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
CHRISTOPHER D KASTNER
TRUSTEE1.00Yes (X)$0$0$0
PATRICIA Y KING
TRUSTEE1.00Yes (X)$0$0$0
EDWARD L LILLY MD
TRUSTEE1.00Yes (X)$0$0$0
B THOMAS MANSBACH ESQ
TRUSTEE1.00Yes (X)$0$0$0
DARLEEN MASTIN
TRUSTEE1.00Yes (X)$0$0$0
VINCENT J MASTRACCO JR ESQ
TRUSTEE1.00Yes (X)$0$0$0
MARY E BETTY MURDEN
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
STEPHEN M SNYDER
TRUSTEE1.00Yes (X)$0$0$0
CHARITY A VOLMAN
TRUSTEE1.00Yes (X)$0$0$0
BRADLEY J WAITZER
TRUSTEE1.00Yes (X)$0$0$0
LEWIS W WEBB III ESQ
TRUSTEE1.00Yes (X)$0$0$0
JOHN O WYNNE JR
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$23,785,190AllOtherContributionsAmt
Noncash Contributions$1,098,119NoncashContributionsAmt
Total Contributions$23,785,190TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,714,178TotalRevenueColumnAmt
Exclusion$1,714,178ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$21,057,129SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$16,075,723SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$4,981,406SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,981,406TotalRevenueColumnAmt
Exclusion$4,981,406ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FUNDRAISING REIMBURSEMENT541900$77,251$77,251
NET LIFE INSURANCE ACTIVITY524298$9,375$9,375
FieldValueIRS element (for citing)
Other Revenue Total$86,626OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$30,567,400TotalRevenueColumnAmt
Related Or Exempt Func Income$86,626RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$6,695,584ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$8,134,775TotalAmt
Program Services$8,134,775ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$8,250TotalAmt
Program Services$8,250ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$148,857TotalAmt
Management And General$148,857ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$34,742TotalAmt
Management And General$34,742ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$26,150TotalAmt
Management And General$26,150ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$76,848TotalAmt
Fundraising$76,848FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$703,595TotalAmt
Management And General$703,595ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$4,380TotalAmt
Management And General$4,380ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,565TotalAmt
Management And General$6,565ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
SPECIAL EVENTS & OTHER$36,508$36,508
GENERAL EXPENSES$12,183$12,183
BANK CHARGES$2,115$2,115

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,194,968TotalAmt
Program Services$8,143,025ProgramServicesAmt
Management And General$938,587ManagementAndGeneralAmt
Fundraising$113,356FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$389,282BOYAmt
EOY$689,837EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,708,905BOYAmt
EOY$13,410,626EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,525,320BOYAmt
EOY$3,543,196EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$24,116,609BOYAmt
EOY$30,637,947EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$75,260,602BOYAmt
EOY$78,516,817EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,639,226BOYAmt
EOY$1,673,410EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$106,639,944BOYAmt
EOY$128,471,833EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$40,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$739,602BOYAmt
EOY$350,422EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$739,602BOYAmt
EOY$390,422EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$17,865,354BOYAmt
EOY$18,207,668EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$25,078,005BOYAmt
EOY$32,771,623EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$62,956,983BOYAmt
EOY$77,102,120EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$105,900,342BOYAmt
EOY$128,081,411EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$106,639,944BOYAmt
EOY$128,471,833EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$21,372,432ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$808,637NetUnrlzdGainsLossesInvstAmt
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$5,596,209CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$16,062,819CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,610,937CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,574,388CurrentTaxYearMinus1YearAmt
Current Tax Year$23,785,190CurrentTaxYearAmt
Total$57,629,543TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,596,209CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$16,062,819CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,610,937CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,574,388CurrentTaxYearMinus1YearAmt
Current Tax Year$23,785,190CurrentTaxYearAmt
Total$57,629,543TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,704,950SubstantialContributorsTotAmt
Public Support Total170$52,924,593PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,394,767CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,419,758CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$917,002CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,072,576CurrentTaxYearMinus1YearAmt
Current Tax Year$1,714,178CurrentTaxYearAmt
Total$6,518,281TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$122,819CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$80,722CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$126,227CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$82,383CurrentTaxYearMinus1YearAmt
Current Tax Year$86,626CurrentTaxYearAmt
Total$498,777TotalAmt
FieldValueIRS element (for citing)
Total Support$64,646,601TotalSupportAmt
Public Support CY1700.81870PublicSupportCY170Pct
Public Support PY1700.82570PublicSupportPY170Pct
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 - 2014 AMOUNT: $ 29,369. 2015 AMOUNT: $ 31,142. 2016 AMOUNT: $ 28,882. 2017 AMOUNT: $ 27,946. 2018 AMOUNT: $ 9,375. FUNDRAISING REIMBURSEMENT - 2014 AMOUNT: $ 93,450. 2015 AMOUNT: $ 49,580. 2016 AMOUNT: $ 97,345. 2017 AMOUNT: $ 54,437. 2018 AMOUNT: $ 77,251.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$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

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$91,612,779BeginningYearBalanceAmt
Contributions$2,233,460ContributionsAmt
Investment Earnings Or Losses$7,296,788InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,051,289GrantsOrScholarshipsAmt
End Year Balance$98,091,738EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$84,082,487BeginningYearBalanceAmt
Contributions$592,890ContributionsAmt
Investment Earnings Or Losses$9,387,976InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,450,574GrantsOrScholarshipsAmt
End Year Balance$91,612,779EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$76,185,315BeginningYearBalanceAmt
Contributions$11,708,202ContributionsAmt
Investment Earnings Or Losses-$1,264,362InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,546,668GrantsOrScholarshipsAmt
End Year Balance$84,082,487EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$76,506,139BeginningYearBalanceAmt
Contributions$1,625,272ContributionsAmt
Investment Earnings Or Losses$536,001InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,482,097GrantsOrScholarshipsAmt
End Year Balance$76,185,315EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.16000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.67000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.17000TermEndowmentBalanceEOYPct
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$78,516,817BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$78,516,817TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescAMOUNT DUE TO AFFILIATESDesc
Amt$350,422Amt
FieldValueIRS element (for citing)
Total Liability$350,422TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$31,045,877TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$808,637NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$450,686DonatedServicesAndUseFcltsAmt
Revenue Not Reported$1,259,323RevenueNotReportedAmt
Revenue Subtotal$29,786,554RevenueSubtotalAmt
Investment Expenses Not Incld$703,595InvestmentExpensesNotIncldAmt
Other Revenues Not Included$77,251OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$780,846RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$30,567,400TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,864,808TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$450,686DonatedServicesUseFcltsAmt
Other Expenses Included-$77,251OtherExpensesIncludedAmt
Expenses Not Reported$373,435ExpensesNotReportedAmt
Expenses Subtotal$8,491,373ExpensesSubtotalAmt
Investment Expenses Not Incld2$703,595InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$703,595ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,194,968TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 170 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 RESTRICITONS.
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 ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX OBLIGATIONS AS OF JUNE 30, 2018 AND 2019.
PART XI, LINE 4B - OTHER ADJUSTMENTS:REIMBURSEMENTS FROM EVMS 77,251.
PART XII, LINE 2D - OTHER ADJUSTMENTS:PAYMENTS TO FUNDRAISER AND VENDOR - REIMBURSED BY EVMS -77,251.

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 Line1RUFFALO NOEL LEVITZBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11025 KIRKWOOD PARKWAY SWAddressLine1Txt
CityCEDAR RAPIDSCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52404ZIPCd
FieldValueIRS element (for citing)
ActivityFUNDRAISINGActivityTxt
Fundraiser Control Of Funds0FundraiserControlOfFundsInd
Gross Receipts$150,945GrossReceiptsAmt
Retained By Contractor$76,848RetainedByContractorAmt
Net To Organization$74,097NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$150,945TotalGrossReceiptsAmt
Total Retained By Contractors$76,848TotalRetainedByContractorsAmt
Total Net To Organization$74,097TotalNetToOrganizationAmt
Licensed StatesALLicensedStatesCd
Licensed StatesAKLicensedStatesCd
Licensed StatesAZLicensedStatesCd
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 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
Licensed StatesDCLicensedStatesCd

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$8,134,775CashGrantAmt
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
Recipient9RecipientCnt
Cash Grant$8,250CashGrantAmt

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
Contribution51ContributionCnt
Noncash Contributions Rpt F990$1,098,119NoncashContributionsRptF990Amt
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 STOCKS 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 ASSITANCE 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 2C:NO CHANGES TO OVERSIGHT COMMITTEE FROM PRIOR YEAR

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