UNIVERSITY OF VIRGINIA FOUNDATION: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF VIRGINIA FOUNDATION (EIN 54-1682176)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-01-10
- IRS object ID
- 201710109349300131
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-01-10T15:26:45-06:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 540618213 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HANTZMON WIEBEL LLP CPA'S | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 818 E JEFFERSON ST PO BOX 1408 | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22902 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541682176 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF VIRGINIA FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 4349824848 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 400218 | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 229044218 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIM R ROSE | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 4349824848 | PhoneNum |
| Signature | 2017-01-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | W KEITH HANEY | PreparerPersonNm |
| PTIN | P00320032 | PTIN |
| Phone | 4342962156 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TIM R ROSE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 400218 | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 229044218 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $23,004,177 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.UVAFOUNDATION.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1993 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE ADMINISTRATIVE SERVICES TO UNIVERSITY ENTITIES, UNIVERSITY-RELATED FOUNDATIONS, OR OTHER ENTITIES INVOLVED IN ACTIVITIES WHICH SUPPORT THE UNIVERSITY. TO ENGAGE IN MATTERS PERTAINING TO REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY. TO THAT END, THE FOUNDATION SHALL ENGAGE IN REAL ESTATE ACTIVITIES FOR ONE OR MORE OF THE FOLLOWING REASONS: TO SUPPORT THE UNIVERSITY'S PRIMARY PROGRAMS; TO PROVIDE AN INVESTMENT RETURN; TO PROVIDE FOR THE REAL ESTATE NEEDS OF THE UNIVERSITY FOR THE NEXT 100 YEARS; AND TO IMPROVE THE UNIVERSITY'S BOUNDARIES AND ENTRANCES. TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVISES FOR THE BENEFIT OF THE UNIVERSITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 44 | TotalEmployeeCnt |
| Total Volunteers | 103 | TotalVolunteersCnt |
| Total Gross UBI | $1,778,465 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $22,138,836 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,862,560 | CYProgramServiceRevenueAmt |
| PY Investment Income | $410,798 | PYInvestmentIncomeAmt |
| CY Investment Income | $206,469 | CYInvestmentIncomeAmt |
| PY Other Revenue | $603,043 | PYOtherRevenueAmt |
| CY Other Revenue | $653,353 | CYOtherRevenueAmt |
| PY Total Revenue | $23,152,677 | PYTotalRevenueAmt |
| CY Total Revenue | $22,722,382 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $943,575 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,467,474 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,835,810 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,587,747 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $18,755,210 | PYOtherExpensesAmt |
| CY Other Expenses | $18,413,214 | CYOtherExpensesAmt |
| PY Total Expenses | $24,534,595 | PYTotalExpensesAmt |
| CY Total Expenses | $24,468,435 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,381,918 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,746,053 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $312,571,736 | TotalAssetsBOYAmt |
| Total Assets EOY | $306,581,758 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $196,537,098 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $195,447,449 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $116,034,638 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $111,134,309 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE ADMINISTRATIVE SERVICES TO UNIVERSITY OF VIRGINIA (UNIVERSITY) ENTITIES, UNIVERSITY-RELATED FOUNDATIONS, OR OTHER ENTITIES INVOLVED IN ACTIVITIES WHICH SUPPORT THE UNIVERSITY. TO ENGAGE IN MATTERS PERTAINING TO REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY. TO THAT END, THE FOUNDATION SHALL ENGAGE IN REAL ESTATE ACTIVITIES FOR ONE OR MORE OF THE FOLLOWING REASONS: TO SUPPORT THE UNIVERSITY'S PRIMARY PROGRAMS; TO PROVIDE AN INVESTMENT RETURN; TO PROVIDE FOR THE REAL ESTATE NEEDS OF THE UNIVERSITY FOR THE NEXT 100 YEARS; AND TO IMPROVE THE UNIVERSITY'S BOUNDARIES AND ENTRANCES. TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVISES FOR THE BENEFIT OF THE UNIVERSITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $22,356,055 | ExpenseAmt |
| Grant | $1,357,474 | GrantAmt |
| Revenue | $19,958,605 | RevenueAmt |
| Desc | TO PROVIDE ADMINISTRATIVE SERVICES TO UNIVERSITY OF VIRGINIA (UNIVERSITY) ENTITIES, UNIVERSITY-RELATED FOUNDATIONS, OR OTHER ENTITIES INVOLVED IN ACTIVITIES THAT SUPPORT THE UNIVERSITY. TO ENGAGE IN MATTERS PERTAINING TO REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY. TO THAT END, THE FOUNDATION SHALL ENGAGE IN REAL ESTATE ACTIVITIES FOR ONE OR MORE OF THE FOLLOWING REASONS: TO SUPPORT THE UNIVERSITY'S PRIMARY PROGRAMS; TO PROVIDE AN INVESTMENT RETURN; TO PROVIDE FOR THE REAL ESTATE NEEDS OF THE UNIVERSITY FOR THE NEXT 100 YEARS; AND TO IMPROVE THE UNIVERSITY'S BOUNDARIES AND ENTRANCES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $366,520 | ExpenseAmt |
| Revenue | $331,955 | RevenueAmt |
| Desc | THE FOUNDATION PROVIDES ACCOUNTING SERVICES TO SOME UNIVERSITY RELATED FOUNDATIONS (URF'S). EACH OF THE URF'S IS TAX EXEMPT UNDER SECTION 501(C)(3). THE SERVICES PROVIDED INCLUDE BOOKKEEPING, FINANCIAL ANALYSIS, INVESTMENT ASSISTANCE, BUDGET MANAGEMENT, MANAGEMENT OF AUDIT PROCESS, GENERAL CONSULTING, AND FINANCIAL REPORTING. THE FOUNDATION ALSO PROVIDES ADMINISTRATION OF PAYROLL AND BENEFITS FOR SEVERAL URF'S. BY PROVIDING THESE SERVICES, THE FOUNDATION ENABLES THE UNIVERSITY OF VIRGINIA TO CONCENTRATE MORE RESOURCES (BOTH PERSONNEL AND FINANCIAL) ON RAISING FUNDS FOR ITS EDUCATIONAL PURPOSES. THE FOUNDATION PROVIDES THE ABOVE-MENTIONED SERVICES FOR THE FOLLOWING URF'S: UVA HEALTH FOUNDATION, UVA'S COLLEGE AT WISE FOUNDATION, INC., CURRY SCHOOL OF EDUCATION FOUNDATION, ARCHITECTURE SCHOOL FOUNDATION, UNIVERSITY OF VIRGINIA PATENT FOUNDATION D/B/A UNIVERSITY OF VIRGINIA LICENSING & VENTURES GROUP, THE UNIVERSITY OF VIRGINIA MEDICAL SCHOOL FOUNDATION, AND THE UNIVERSITY OF VIRGINIA ALUMNI BOARD OF TRUSTEES OF THE ENDOWMENT. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $110,000 | ExpenseAmt |
| Grant | $110,000 | GrantAmt |
| Desc | THE FOUNDATION GRANTS 11 SCHOLARSHIPS OF $10,000 EACH ANNUALLY. THE SCHOLARSHIPS ARE AWARDED TO GRADUATING SENIOR HIGH SCHOOL STUDENTS. THE FOUNDATION ASKS ALL OF THE PUBLIC AND PRIVATE HIGH SCHOOLS IN VIRGINIA TO NOMINATE ONE GRADUATING SENIOR HIGH SCHOOL STUDENT. THE FOUNDATION HAS FOUND THAT MORE THAN 600 STUDENTS WILL BE NOMINATED FOR THE ELEVEN SCHOLARSHIPS EACH YEAR. THE PRIMARY CRITERIA WILL BE SCHOLASTIC ABILITY. ADDITIONAL CRITERIA INCLUDE EXCELLENCE OF CHARACTER, QUALITIES OF LEADERSHIP, PUBLIC SERVICE AND DEVOTION TO DUTY. AWARDS HAVE BEEN GRANTED FOR APPROXIMATELY 19 YEARS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $22,832,575 | 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 |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | 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 | Yes (1) | 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 213 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 44 | 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | 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 | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4349824848 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 400218 | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 229044218 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MICHAEL B RUSSELL | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ALBERT H SMALL | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES W TODD | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL R ABRAMSON | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| TERESA BRYCE BAZEMORE | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MATTHEW L RICHARDSON | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JOSEPH F SMIDDY MD | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KAREN R MCJUNKIN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| STEPHEN T MCLEAN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN J FAY | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| BARBARA J FRIED | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| PATRICK D HOGAN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $509,096 | $199,928 | ||
| VICTORIA HARKER | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| PHILLIP A PARRISH | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $224,722 | $39,218 | ||
| LF PAYNE | |||||||
| CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| TERESA A SULLIVAN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $667,177 | $249,567 | ||
| ROBERT D SWEENEY | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $437,817 | $108,167 | ||
| TIM R ROSE | |||||||
| SECRETARY/CEO | 40.00 | $405,059 | $0 | $52,198 | Yes (X) | ||
| PATRICK J MCCANN | |||||||
| TREASURER/CFO | 40.00 | $247,385 | $0 | $49,628 | Yes (X) | ||
| DAVID R JEFFERSON | |||||||
| CONTROLLER, UVA HOST PROP | 40.00 | $136,100 | $0 | $38,164 | Yes (X) | ||
| FREDERICK A MISSEL | |||||||
| DIR-DESIGN & DEV | 40.00 | $176,201 | $0 | $40,722 | Yes (X) | ||
| DEBORAH A VAN EERSEL | |||||||
| CHIEF ADMIN. OFFICER | 40.00 | $177,682 | $0 | $44,771 | Yes (X) | ||
| ELTON J OLIVER | |||||||
| MORVEN ESTATE MANAGER | 40.00 | $133,277 | $0 | $24,275 | Yes (X) | ||
| WILLIAM E CROMWELL | |||||||
| DIR. OF R/E ASSET MANAGEMENT | 40.00 | $204,758 | $0 | $44,320 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,480,462 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,838,812 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $890,958 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| KJELLSTROM & LEE CONSTRUCTION INC | |||||
| 1607 OWNBY LANE | RICHMOND | VA | 23220 | CONSTRUCTION | $2,647,339 |
| CMS INC | |||||
| PO BOX 5306 | CHARLOTTESVILLE | VA | 22903 | CONSTRUCTION | $1,022,722 |
| GT WEEKS INC | |||||
| PO BOX 1033 | TROY | VA | 22974 | CONSTRUCTION | $278,897 |
| MARTINHORN INC | |||||
| 210 CARLTON ROAD | CHARLOTTESVILLE | VA | 229025972 | CONSTRUCTION | $217,939 |
| ODELL ASSOCIATES INC | |||||
| PO BOX 538242 | ATLANTA | GA | 303538242 | ARCHITECTURE | $197,385 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| RENTAL INCOME | 900003 | $19,121,990 | $18,961,974 | $160,016 |
| ADMIN & MANAGEMENT SER | 531390 | $2,740,570 | $1,328,586 | $1,411,984 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,862,560 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $206,469 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $206,465 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $935,148 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $281,795 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $653,353 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $653,353 | TotalRevenueColumnAmt |
| Exclusion | $653,353 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,722,382 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,290,560 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,778,465 | UnrelatedBusinessRevenueAmt |
| Exclusion | $653,357 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,357,474 | TotalAmt |
| Program Services | $1,357,474 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,000 | TotalAmt |
| Program Services | $110,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $754,510 | TotalAmt |
| Program Services | $233,810 | ProgramServicesAmt |
| Management And General | $520,700 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,793,768 | TotalAmt |
| Program Services | $2,180,815 | ProgramServicesAmt |
| Management And General | $612,953 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $285,510 | TotalAmt |
| Program Services | $197,014 | ProgramServicesAmt |
| Management And General | $88,496 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $509,914 | TotalAmt |
| Program Services | $351,862 | ProgramServicesAmt |
| Management And General | $158,052 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $244,045 | TotalAmt |
| Program Services | $168,401 | ProgramServicesAmt |
| Management And General | $75,644 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,013 | TotalAmt |
| Program Services | $33,013 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,364 | TotalAmt |
| Program Services | $31,182 | ProgramServicesAmt |
| Management And General | $31,182 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,483 | TotalAmt |
| Program Services | $70,862 | ProgramServicesAmt |
| Management And General | $23,621 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,737,189 | TotalAmt |
| Program Services | $1,681,313 | ProgramServicesAmt |
| Management And General | $55,876 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,326 | TotalAmt |
| Program Services | $17,861 | ProgramServicesAmt |
| Management And General | $4,465 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,165,604 | TotalAmt |
| Program Services | $3,165,604 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,859,468 | TotalAmt |
| Program Services | $5,847,083 | ProgramServicesAmt |
| Management And General | $12,385 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $251,228 | TotalAmt |
| Program Services | $239,177 | ProgramServicesAmt |
| Management And General | $12,051 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CONTRACTUAL SERVICES | $5,626,444 | $5,620,994 | $5,450 |
| PROPERTY TAXES | $1,333,831 | $1,333,831 | |
| OTHER OPERATING COSTS | $126,826 | $126,826 | |
| MARKETING | $61,809 | $61,809 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,629 | TotalAmt |
| Program Services | $3,644 | ProgramServicesAmt |
| Management And General | $34,985 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,468,435 | TotalAmt |
| Program Services | $22,832,575 | ProgramServicesAmt |
| Management And General | $1,635,860 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,060,251 | BOYAmt |
| EOY | $1,127,650 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,619 | BOYAmt |
| EOY | $24,307 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,461,715 | BOYAmt |
| EOY | $1,895,504 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,661,894 | BOYAmt |
| EOY | $13,218,268 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,314 | BOYAmt |
| EOY | $87,042 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $257,259,676 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $73,185,689 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $182,319,573 | BOYAmt |
| EOY | $184,073,987 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,844,999 | BOYAmt |
| EOY | $86,579,358 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,279,672 | BOYAmt |
| EOY | $11,259,904 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,803,699 | BOYAmt |
| EOY | $8,315,738 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $312,571,736 | BOYAmt |
| EOY | $306,581,758 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,530,768 | BOYAmt |
| EOY | $3,923,905 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,337,654 | BOYAmt |
| EOY | $44,633,788 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,155,921 | BOYAmt |
| EOY | $81,821,873 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,512,755 | BOYAmt |
| EOY | $65,067,883 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $196,537,098 | BOYAmt |
| EOY | $195,447,449 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,449,692 | BOYAmt |
| EOY | $26,997,620 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,808,539 | BOYAmt |
| EOY | $69,360,282 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,776,407 | BOYAmt |
| EOY | $14,776,407 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,034,638 | BOYAmt |
| EOY | $111,134,309 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $312,571,736 | BOYAmt |
| EOY | $306,581,758 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,746,053 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,316,716 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,837,560 | 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 | UNIVERSITY OF VIRGINIA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546001796 | EIN |
| Organization Type | 5 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $22,832,575 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $22,832,575 | 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 | Yes (1) | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Governmental Entity | Yes (X) | GovernmentalEntityInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE A, PAGE 5, SECTION D, LINE 3. | THE "SIGNIFICANT VOICE" TEST: - THE UNIVERSITY (SUPPORTED ORGANIZATION) HAS AN ADEQUATE RELATIONSHIP WITH THE FOUNDATION (SUPPORTING ORGANIZATION) BECAUSE: (A) THE UNIVERSITY ELECTS/APPOINTS THE CHAIRPERSON AND SEVERAL BOARD MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. AT ALL TIMES, THE NUMBER OF PUBLIC DIRECTORS [NON-UNIVERSITY DIRECTORS] SHALL EXCEED THE NUMBER OF EX-OFFICIO [UNIVERSITY ELECTED/APPOINTED] DIRECTORS.IN ADDITION, THE UNIVERSITY APPOINTS EITHER THE CHAIRMAN OR THE REPRESENTATIVE OF THE PRESIDENT OF THE UNIVERSITY TO BE A MEMBER OF THE AUDIT AND FINANCE COMMITTEE. (B) AT LEAST ONE MEMBER OF THE GOVERNING BODY OF THE UNIVERSITY SERVES AS AN OFFICER, DIRECTOR, OR TRUSTEE OF THE FOUNDATION. DURING FISCAL YEAR ENDED JUNE 30, 2016, THE UNIVERSITY APPOINTED A TOTAL OF 8 BOARD MEMBERS. (C) THE OFFICERS, DIRECTORS, OR TRUSTEES OF THE FOUNDATION AND OF THE UNIVERSITY MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP. THIS IS ACHIEVED THROUGH REGULAR MEETINGS AND COMMUNICATIONS WITH THE FOUNDATION'S MANAGEMENT AS NEEDED. BECAUSE OF THE NATURE OF THIS RELATIONSHIP, INCLUDING, BUT NOT LIMITED TO THE ABOVE INTERACTIONS, THE UNIVERSITY HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S STRATEGIC AND INVESTMENT POLICIES, OPERATIONS, AND OTHER USE OF INCOME OR ASSETS. |
| SCHEDULE A, PAGE 5, SECTION E, LINE 1C. | INTEGRAL PART TEST (SUPPORTING A GOVERNMENTAL ENTITY):- THE FOUNDATION PROVIDES ADMINISTRATIVE SERVICES TO THE UNIVERSITY OF VIRGINIA (THE UNIVERSITY) AND SUPPORTING ORGANIZATIONS, ENGAGES IN ANY AND ALL MATTERS PERTAINING TO REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY, AND USES AND ADMINISTERS GIFTS, GRANTS, BEQUESTS, AND DEVISES FOR THE BENEFIT OF THE UNIVERSITY. IN THAT CAPACITY, THE FOUNDATION RECEIVES, DISBURSES, MANAGES, AND HOLDS TITLE TO EXEMPT-USE ASSETS IN DIRECT FURTHERANCE OF THE UNIVERSITY'S EXEMPT PURPOSES. THESE ARE ACTIVITIES THAT THE UNIVERSITY WOULD NORMALLY BE ENGAGED IN BUT FOR THE FOUNDATION'S INVOLVEMENT. |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $68,483,963 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$1,313,826 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,170,125 | OtherExpendituresAmt |
| End Year Balance | $65,000,012 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $65,856,004 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $4,814,251 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,186,292 | OtherExpendituresAmt |
| End Year Balance | $68,483,963 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $47,577,038 | BeginningYearBalanceAmt |
| Contributions | $10,714,961 | ContributionsAmt |
| Investment Earnings Or Losses | $9,455,271 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,891,266 | OtherExpendituresAmt |
| End Year Balance | $65,856,004 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $43,591,280 | BeginningYearBalanceAmt |
| Contributions | $70,581 | ContributionsAmt |
| Investment Earnings Or Losses | $5,675,607 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,760,430 | OtherExpendituresAmt |
| End Year Balance | $47,577,038 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $43,236,440 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $2,032,791 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,677,951 | OtherExpendituresAmt |
| End Year Balance | $43,591,280 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.21850 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.02450 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.75700 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $4,714,141 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $62,724,067 | OtherCostOrOtherBasisAmt |
| Book Value | $67,438,208 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $162,595,417 | OtherCostOrOtherBasisAmt |
| Depreciation | $48,869,273 | DepreciationAmt |
| Book Value | $113,726,144 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,226,051 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,316,416 | DepreciationAmt |
| Book Value | $2,909,635 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $184,073,987 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| POOLED INVESTMENTS | $65,706,895 | F |
| GIFT ANNUITY INVESTMENTS | $20,006,461 | F |
| S/T INVESTMENTS-457 PLAN | $866,002 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $86,579,358 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| DEPOSIT LIABILITY | $828,748 |
| ADVANCES FROM AFFLIATED ORGANIZATIONS | $33,145,236 |
| OBLIGATION UNDER UNITRUST AGREEMENTS | $21,821,714 |
| OTHER LIABILITIES | $479,147 |
| DEFERRED INCOME | $500,631 |
| ACCRUED EXPENSES | $1,340,056 |
| ESTIMATED VALUE OF DERIVATIVES | $6,952,351 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $65,067,883 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $21,463,967 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$1,316,716 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $264,766 | OtherRevenueAmt |
| Revenue Not Reported | -$1,051,950 | RevenueNotReportedAmt |
| Revenue Subtotal | $22,515,917 | RevenueSubtotalAmt |
| Other Revenues Not Included | $206,465 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $206,465 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $22,722,382 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $24,543,765 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $281,795 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $281,795 | ExpensesNotReportedAmt |
| Expenses Subtotal | $24,261,970 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $206,465 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $206,465 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $24,468,435 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENTS ESTABLISHED TO FUND SUPPORT OF THE UNIVERSITY OF VIRGINIA FOUNDATION, INCLUDING BUILDING IMPROVEMENT AND FACILITIES MAINTENANCE, SCHOLARSHIPS AND AWARDS, AND OPERATIONAL EXPENSES. |
| PART X, LINE 2: | THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INCOME (LOSS) FROM SUBSIDIARY -17,029. RENTAL EXPENSES REPORTED ON PART VIII - LINE 6B 281,795. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INTER-COMPANY INTEREST 206,465. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES REPORTED ON PART VIII - LINE 6B 281,795. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INTER-COMPANY INTEREST 206,465. |
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 | UNIVERSITY OF VIRGINIA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1525 | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22902 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 546001796 | RecipientEIN |
| IRC Section | 170(B)(1)(A)(VI) | IRCSectionDesc |
| Cash Grant | $1,357,474 | CashGrantAmt |
| Purpose Of Grant | OPERATING SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SEE PART IV SUPPLEMENTAL INFORMATION:THE FOUNDATION GRANTS SCHOLARSHIPS TO GRADUATING SENIOR HIGH SCHOOL STUDENTS. THE FOUNDATION ASKS ALL OF THE PUBLIC AND PRIVATE HIGH SCHOOLS IN VIRGINIA TO NOMINATE ONE GRADUATING SENIOR HIGH SCHOOL STUDENT. THE PRIMARY CRITERIA WILL BE SCHOLASTIC ABILITY. ADDITIONAL CRITERIA WILL INCLUDE EXCELLENCE OF CHARACTER, QUALITIES OF LEADERSHIP, PUBLIC SERVICE AND DEVOTION TO DUTY. THE SCREENING COMMITTEE RECOMMENDS FINALISTS FROM EACH OF THE 11 VIRGINIA CONGRESSIONAL DISTRICTS. THE ENDOWMENT'S BOARD OF TRUSTEES SELECTS THE FINAL RECIPIENTS. | GrantTypeTxt |
| Recipient | 11 | RecipientCnt |
| Cash Grant | $110,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE UNITED STATES: THE FOUNDATION GRANTS AMOUNTS DIRECTLY TO THE UNIVERSITY OF VIRGINIA (UNIVERSITY), ALL FUNDS ARE USED DIRECTLY IN COMPLETING THE EDUCATIONAL PURPOSE OF THE UNIVERSITY. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE UNITED STATES: THE 11 SCHOLARSHIPS AWARDED TO GRADUATING SENIORS FROM VIRGINIA ARE AWARDED ANNUALLY. WHILE THERE IS NO DIRECT REQUIREMENT THAT THE RECIPIENTS REPORT BACK TO THE FOUNDATION HOW THE FUNDS WERE USED, MOST RECIPIENTS WILL LIKELY USE THE FUNDS IN FURTHERANCE OF THEIR EDUCATIONAL PURSUITS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| 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 (11 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PATRICK D HOGAN | ||||||||||||||
| DIRECTOR | $0 | $492,852 | $0 | $0 | $0 | $16,244 | $0 | $179,521 | $0 | $20,407 | $0 | $709,024 | $0 | $0 |
| PHILLIP A PARRISH | ||||||||||||||
| DIRECTOR | $0 | $224,122 | $0 | $0 | $0 | $600 | $0 | $20,448 | $0 | $18,770 | $0 | $263,940 | $0 | $0 |
| TERESA A SULLIVAN | ||||||||||||||
| DIRECTOR | $0 | $530,666 | $0 | $120,622 | $0 | $15,889 | $0 | $235,265 | $0 | $14,302 | $0 | $916,744 | $0 | $0 |
| ROBERT D SWEENEY | ||||||||||||||
| DIRECTOR | $0 | $436,080 | $0 | $0 | $0 | $1,737 | $0 | $95,810 | $0 | $12,357 | $0 | $545,984 | $0 | $0 |
| TIM R ROSE | ||||||||||||||
| SECRETARY/CEO | $326,896 | $0 | $75,000 | $0 | $3,163 | $0 | $33,125 | $0 | $19,073 | $0 | $457,257 | $0 | $0 | $0 |
| PATRICK J MCCANN | ||||||||||||||
| TREASURER/CFO | $205,882 | $0 | $39,000 | $0 | $2,503 | $0 | $31,912 | $0 | $17,716 | $0 | $297,013 | $0 | $0 | $0 |
| DAVID R JEFFERSON | ||||||||||||||
| CONTROLLER, UVA HOST PROP | $111,374 | $0 | $22,600 | $0 | $2,126 | $0 | $17,485 | $0 | $20,679 | $0 | $174,264 | $0 | $0 | $0 |
| FREDERICK A MISSEL | ||||||||||||||
| DIR-DESIGN & DEV | $150,070 | $0 | $24,000 | $0 | $2,131 | $0 | $23,263 | $0 | $17,459 | $0 | $216,923 | $0 | $0 | $0 |
| DEBORAH A VAN EERSEL | ||||||||||||||
| CHIEF ADMIN. OFFICER | $152,551 | $0 | $23,000 | $0 | $2,131 | $0 | $23,542 | $0 | $21,229 | $0 | $222,453 | $0 | $0 | $0 |
| ELTON J OLIVER | ||||||||||||||
| MORVEN ESTATE MANAGER | $131,687 | $0 | $0 | $0 | $1,590 | $0 | $4,152 | $0 | $20,123 | $0 | $157,552 | $0 | $0 | $0 |
| WILLIAM E CROMWELL | ||||||||||||||
| DIR. OF R/E ASSET MANAGEMENT | $166,525 | $0 | $36,000 | $0 | $2,233 | $0 | $26,121 | $0 | $18,199 | $0 | $249,078 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | COMPENSATION PACKAGE MUST BE COMPETITIVE WITH SIMILAR POSITIONS IN THE INDUSTRY IN ORDER TO ATTRACT AND RETAIN EXECUTIVE TALENT. THE COMPENSATION COMMITTEE (COMMITTEE) OF THE UVA FOUNDATION BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT AND ADMINISTRATION OF THE CHIEF EXECUTIVE OFFICER'S COMPENSATION PROGRAM. THE COMMITTEE RECOMMENDS A COMPENSATION PROGRAM FOR THE CEO TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE VIRGINIA | |||||||
| A | 541187150 | 2011-06-15 | $40,460,000 | REFINANCING PRIOR TAX-EXEMPT BOND | 0 | 0 | 0 |
| VIRGINIA SMALL BUSINESS FINANCING AUTHORITY | |||||||
| B | 541300845 | 2010-12-21 | $15,000,000 | BUILDING PROJECT | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capital ExpendituresCapitalExpendituresAmt |
|---|---|---|---|---|---|---|---|---|---|
| A | $7,441,250 | $40,460,000 | $104,365 | 2010 | 0 | Yes (1) | Yes (1) | Yes (1) | |
| B | $5,994,962 | $15,000,000 | $74,250 | 2012 | 0 | 0 | Yes (1) | Yes (1) | $14,925,750 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 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 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | DATE REBATE COMPUTATION PERFORMED | FormAndLineReferenceDesc |
| Explanation | ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE, DATE THE REBATE COMPUTATION WAS PERFORMED: 01/09/2012 ISSUER NAME: VIRGINIA SMALL BUSINESS FINANCING AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/17/2013 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS REVIEWED BY THE FOUNDATION'S AUDIT AND FINANCE COMMITTEE UPON ITS COMPLETION. THIS COMMITTEE BRIEFS THE FULL BOARD OF THE FOUNDATION AT THE NEXT REGULARLY SCHEDULED MEETING. THE BOARD IS OFFERED A FINAL VERSION OF FORM 990. THE FORM IS FILED AND MADE AVAILABLE FOR PUBLIC INSPECTION BOTH AT THE FOUNDATION AND THROUGH THE UNIVERSITY OF VIRGINIA'S OFFICE OF PUBLIC RELATIONS. |
| FORM 990, PART VI, SECTION B, LINE 12C | FOLLOWING APPOINTMENT TO OFFICE, OR APPOINTMENT TO THE FOUNDATION STAFF, DIRECTORS, OFFICERS AND EMPLOYEES OF THE FOUNDATION SHALL BE INFORMED OF THE CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, EACH DIRECTOR AND OFFICER SHALL CERTIFY IN WRITING TO THE BOARD OF DIRECTORS AND EMPLOYEES TO THE CHIEF EXECUTIVE OFFICER THAT, TO THE BEST OF HIS/HER KNOWLEDGE AND BELIEF, HE/SHE HAS ACTED IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE CHIEF EXECUTIVE OFFICER SHALL BE RESPONSIBLE FOR DISSEMINATION OF THE POLICY, THE COMPLETION OF THE ANNUAL CERTIFICATIONS, AND REPORTING NON-COMPLIANCE TO THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMPENSATION PROGRAM AT THE UNIVERSITY OF VIRGINIA FOUNDATION (FOUNDATION) IS DESIGNED TO ALIGN THE INTERESTS OF EXECUTIVE OFFICERS WITH THEIR PERFORMANCE. THIS PROGRAM IS BASED ON A PHILOSOPHY THAT THE TOTAL COMPENSATION PACKAGE MUST BE COMPETITIVE WITH SIMILAR POSITIONS IN THE INDUSTRY IN ORDER TO ATTRACT AND RETAIN EXECUTIVE TALENT. THE COMPENSATION COMMITTEE (COMMITTEE) OF THE UVA FOUNDATION BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT AND ADMINISTRATION OF THE CHIEF EXECUTIVE OFFICER'S COMPENSATION PROGRAM. THE COMMITTEE RECOMMENDS A COMPENSATION PROGRAM FOR THE CEO TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL. THE CEO DETERMINES COMPENSATION FOR ALL MANAGEMENT PERSONNEL UNDER HIS/HER SUPERVISION. ANNUALLY, THE CEO SUBMITS TO THE COMMITTEE, A SUMMARY OF TOP MANAGEMENT COMPENSATION. FROM TIME-TO-TIME, AND AT THE CEO'S, OR THE COMMITTEE'S, DISCRETION, OUTSIDE COMPENSATION EXPERTS/CONSULTANTS MAY BE ENGAGED TO ASSIST IN EVALUATING AND DETERMINING APPROPRIATE COMPENSATION LEVELS FOR MANAGEMENT PERSONNEL. BASE SALARIES ARE BENCHMARKED AGAINST SALARIES PAID TO OFFICERS IN COMPARABLE, HIGH-PERFORMING COMPANIES WITH COMPARABLE RESPONSIBILITIES. BASE SALARIES ARE ESTABLISHED BY UTILIZING INFORMATION FROM GENERAL INDUSTRY SURVEYS, CONSULTANTS AND THE MARKETPLACE. THE FOUNDATION'S INCENTIVE PLANS CREATE A DIRECT LINK BETWEEN PAY AND PERFORMANCE. ANNUAL INCENTIVE AWARDS ARE DEPENDENT UPON THE EXECUTIVE'S, AND FOUNDATION'S, PERFORMANCE AGAINST ESTABLISHED OBJECTIVES. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE FOUNDATION'S 1023, 990 AND 990-T ARE MADE AVAILABLE FOR PUBLIC INSPECTION BOTH AT THE FOUNDATION AND THROUGH THE UNIVERSITY OF VIRGINIA'S OFFICE OF PUBLIC RELATIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, REQUESTS ARE SUBJECT TO THE APPROVAL OF THE CHIEF EXECUTIVE OFFICER AND THE FOUNDATION'S CONSIDERATION OF THE INTENDED USE OF THE REQUESTED DOCUMENTS. ALL SUCH REQUESTS ARE DIRECTED TO UVA AND THE OFFICE OF PUBLIC AFFAIRS. |
| FORM 990, PART XI, LINE 9: | BOOK ADJUSTMENT - LOSS ON SWAP AGREEMENT -1,820,531. LOSS FROM SUBSIDIARIES -17,029. |
| FORM 990, PART XII, QUESTION 2C: | RESPONSIBILITY FOR AUDIT OVERSIGHT AND SELECTION OF INDEPENDENT ACCOUNTANT: THE FOUNDATION'S BOARD OF DIRECTORS HAS AN AUDIT AND FINANCE COMMITTEE THAT IS RESPONSIBLE FOR SELECTION AND RETENTION OF THE INDEPENDENT AUDITORS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS. THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE FOUNDATION'S AUDIT AND FINANCE COMMITTEE UPON ITS COMPLETION. THIS COMMITTEE BRIEFS THE FULL BOARD OF THE FOUNDATION AT THE NEXT REGULARLY SCHEDULED MEETING. |
| FORM 990, SCHEDULE A, QUESTION H (VII): | AMOUNT OF MONETARY SUPPORT TO UNIVERSITY OF VIRGINIA ($22,832,575): SEE PAGE 10 - STATEMENT OF FUNCTIONAL EXPENSES FOR DETAILED BREAKDOWN |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF VIRGINIA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 400160 | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 229044160 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546001796 | EIN |
| Primary Activities | EDUCATIONAL INSTITUTION | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Exempt Code Section | 170(B)(1)(A)(VI) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 2 | PublicCharityStatusTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF VIRGINIA HOST PROPERTIES INC | |||||||||||
| 200 EDNAM DRIVE | CHARLOTTESVILLE | VA | 22903 | 541089937 | SPA, HOTEL AND SPORTS CLUB | VA | C | $12,864,397 | $38,445,342 | 1.00000 | Yes (1) |
| MEADOW CREEK CORPORATION | |||||||||||
| 105 EMMET STREET N | CHARLOTTESVILLE | VA | 22903 | 541900763 | HOTEL | VA | C | $2,089,699 | $10,458,632 | 1.00000 | Yes (1) |
| HISTORIC RENOVATION CORPORATION | |||||||||||
| ONE BOARS HEAD POINTE | CHARLOTTESVILLE | VA | 22903 | 541264273 | REAL ESTATE MANAGEMENT | VA | C | $328,561 | $119,880 | 1.00000 | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | 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 | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | 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 | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (9 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| UNIVERSITY OF VIRGINIA HOST PROPERTIES INC | ||
| J | $160,016 | FMV |
| UNIVERSITY OF VIRGINIA HOST PROPERTIES INC | ||
| A | $141,083 | FMV |
| MEADOW CREEK CORPORATION | ||
| S | $60,000 | FMV |
| MEADOW CREEK CORPORATION | ||
| S | $15,000 | FMV |
| UNIVERSITY OF VIRGINIA HOST PROPERTIES INC | ||
| S | $901,416 | FMV |
| UNIVERSITY OF VIRGINIA HOST PROPERTIES INC | ||
| D | $6,210,756 | N/A |
| MEADOW CREEK CORPORATION | ||
| D | $7,007,512 | N/A |
| MEADOW CREEK CORPORATION | ||
| A | $65,382 | FMV |
| HISTORIC RENOVATION CORPORATION | ||
| S | $297,000 | FMV |
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