VIRGINIA STATE UNIVERSITY FOUNDATION: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: VIRGINIA STATE UNIVERSITY FOUNDATION (EIN 54-6074532)
Tax period: 2015-07-01 to 2016-06-30
Filed: 2017-05-15
IRS object ID: 201711359349312446
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-05-15T17:33:06-05:00	ReturnTs
Tax Period End	2016-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	560747981	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DIXON HUGHES GOODMAN LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3700 FESTIVAL PARK PLAZA	AddressLine1Txt
City	CHESTER	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23831	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	546074532	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA STATE UNIVERSITY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	VIRG	BusinessNameControlTxt
Phone	8045245215	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 9027	AddressLine1Txt
City	PETERSBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23806	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	FRANK JONES	PersonNm
Person Title	CHAIRMAN	PersonTitleTxt
Phone	8045245215	PhoneNum
Signature	2017-05-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LESLIE ROBERTS	PreparerPersonNm
PTIN	P00040492	PTIN
Phone	8044252600	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	FRANK JONES	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 9027	AddressLine1Txt
City	PETERSBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23806	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$6,595,863	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	FOUNDATION.VSU.EDU	WebsiteAddressTxt
Type Of Organization Other	Yes (X)	TypeOfOrganizationOtherInd
Other Organization Dsc	FOUNDATION	OtherOrganizationDsc
Formation	1968	FormationYr
Legal Domicile State	VA	LegalDomicileStateCd
Activity Or Mission	TO SUPPORT THE MISSION OF VIRGINIA STATE UNIVERSITY BY RECEIVING, MANAGING AND DISTRIBUTING DONATIONS AND CONTRIBUTIONS THAT AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.	ActivityOrMissionDesc
Voting Members Governing Body	24	VotingMembersGoverningBodyCnt
Voting Members Independent	22	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,655,129	PYContributionsGrantsAmt
CY Contributions Grants	$1,984,467	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$672,800	PYInvestmentIncomeAmt
CY Investment Income	$329,555	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$2,327,929	PYTotalRevenueAmt
CY Total Revenue	$2,314,022	CYTotalRevenueAmt
PY Grants And Similar Paid	$704,188	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$465,769	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$20,000	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$30,000	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,283,794	PYOtherExpensesAmt
CY Other Expenses	$616,034	CYOtherExpensesAmt
PY Total Expenses	$2,007,982	PYTotalExpensesAmt
CY Total Expenses	$1,111,803	CYTotalExpensesAmt
PY Revenues Less Expenses	$319,947	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,202,219	CYRevenuesLessExpensesAmt
Total Assets BOY	$15,156,726	TotalAssetsBOYAmt
Total Assets EOY	$15,723,408	TotalAssetsEOYAmt
Total Liabilities BOY	$99,457	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$87,819	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$15,057,269	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$15,635,589	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TO SUPPORT THE MISSION OF VIRGINIA STATE UNIVERSITY BY RECEIVING, MANAGING AND DISTRIBUTING DONATIONS AND CONTRIBUTIONS THAT AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$462,904	ExpenseAmt
Grant	$462,904	GrantAmt
Desc	SCHOLARSHIPS AND AWARDS TO STUDENTS. 479 SCHOLARSHIPS WERE AWARDED DURING THE YEAR.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$182,301	ExpenseAmt
Desc	SUPPORT OF ATHLETIC PROGRAMS	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$35,715	ExpenseAmt
Desc	ALUMNI AFFAIRS	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Expense	$192,815	ExpenseAmt
Grant	$2,865	GrantAmt
Desc	BAND SUPPORT, ACADEMIC SUPPORT, AND VARIOUS MISSION SUPPORT PROGRAMS.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$192,815	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$2,865	TotalOtherProgSrvcGrantAmt
Total Program Service Expenses	$873,735	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	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	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	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	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
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	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	16	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
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	24	GoverningBodyVotingMembersCnt
Independent Voting Member	22	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	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	0	ConflictOfInterestPolicyInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	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	8045245215	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 9027	AddressLine1Txt
City	PETERSBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23806	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
FRANK JONES
CHAIRMAN	5.00	Yes (X)	Yes (X)	$0	$0	$0
WILLIS E GAY
VICE CHAIR	5.00	Yes (X)	Yes (X)	$0	$0	$0
HARRISON BONNER III
SECRETARY	5.00	Yes (X)	Yes (X)	$0	$0	$0
SAMUEL R RHUE SR
TREASURER	5.00	Yes (X)	Yes (X)	$0	$0	$0
FRASIER W BRICKHOUSE II
TRUSTEE	2.00	Yes (X)		$0	$0	$0
BEVERLY EVERSON-JONES
TRUSTEE	2.00	Yes (X)		$0	$0	$0
DANTE D JACKSON
TRUSTEE	2.00	Yes (X)		$0	$0	$0
WILBERT J BRIGGS SR
TRUSTEE	2.00	Yes (X)		$0	$0	$0
CONNIE W SMITH
TRUSTEE	2.00	Yes (X)		$0	$0	$0
CHARLES A BROCKETT
TRUSTEE	2.00	Yes (X)		$0	$0	$0
GEORGE OTEY
TRUSTEE	2.00	Yes (X)		$0	$0	$0
WILLIAM E BAILEY
TRUSTEE	2.00	Yes (X)		$0	$0	$0
HANK COLEMAN
TRUSTEE	2.00	Yes (X)		$0	$0	$0
PAUL F GARNER
TRUSTEE	2.00	Yes (X)		$0	$0	$0
EMMETT E SMITH JR
TRUSTEE	2.00	Yes (X)		$0	$0	$0
VALERIE A JONES
TRUSTEE	2.00	Yes (X)		$0	$0	$0
VANDY V JONES
TRUSTEE	2.00	Yes (X)		$0	$0	$0
NARDOS E KING
TRUSTEE	2.00	Yes (X)		$0	$0	$0
JAMES W SANDERS
TRUSTEE	2.00	Yes (X)		$0	$0	$0
BRENDA STITH-FINCH
TRUSTEE	2.00	Yes (X)		$0	$0	$0
FRANKLIN JOHNSON
VSU ALUMNI ASSOCIATION	2.00	Yes (X)		$0	$0	$0
GARVIN MAFFETT
VP FOR INSTITUTIONAL ADVANCEMENT	2.00	Yes (X)		$0	$25,258	$3,305	40.00
KEVIN DAVENPORT
VP FOR ADMINISTRATIVE & FINANCE	2.00	Yes (X)		$0	$133,127	$17,368	40.00
JENNIFER HUNTER
VSU BOARD OF VISITORS	2.00	Yes (X)		$0	$0	$0	2.00
ROBERT L TURNER JR
EXECUTIVE DIRECTOR	40.00		Yes (X)	$42,000	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$42,000	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$158,385	TotReportableCompRltdOrgAmt
Total Other Compensation	$20,673	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Fundraising	$10	FundraisingAmt
All Other Contributions	$1,984,457	AllOtherContributionsAmt
Total Contributions	$1,984,467	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$237,915	TotalRevenueColumnAmt
Exclusion	$237,915	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$4,373,481	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$4,281,841	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$91,640	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$91,640	TotalRevenueColumnAmt
Exclusion	$91,640	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$0	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$10	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$0	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,314,022	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$329,555	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$2,865	TotalAmt
Program Services	$2,865	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$462,904	TotalAmt
Program Services	$462,904	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$30,000	TotalAmt
Management And General	$30,000	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$70,091	TotalAmt
Management And General	$70,091	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$73,481	TotalAmt
Management And General	$73,481	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,126	TotalAmt
Management And General	$6,126	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$40,000	TotalAmt
Management And General	$40,000	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$14,634	TotalAmt
Management And General	$14,634	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
ATHLETIC SUPPORT	$182,301	$182,301
PROGRAM SUPPORT	$123,815	$123,815
ALUMNI AFFAIRS	$35,715	$35,715
AGRICULTURAL ALUMNI	$28,064	$28,064

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$41,807	TotalAmt
Program Services	$38,071	ProgramServicesAmt
Management And General	$3,736	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,111,803	TotalAmt
Program Services	$873,735	ProgramServicesAmt
Management And General	$238,068	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$57,970	BOYAmt
EOY	$385,646	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$2,289,957	BOYAmt
EOY	$2,032,225	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$27,000	LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$27,000	BOYAmt
EOY	$27,000	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$12,305,322	BOYAmt
EOY	$12,749,847	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$150,622	BOYAmt
EOY	$107,735	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$325,855	BOYAmt
EOY	$420,955	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$15,156,726	BOYAmt
EOY	$15,723,408	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$13,169	BOYAmt
EOY	$3,600	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$86,288	BOYAmt
EOY	$84,219	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$99,457	BOYAmt
EOY	$87,819	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,532,585	BOYAmt
EOY	$1,480,430	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,226,387	BOYAmt
EOY	$3,162,497	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$10,298,297	BOYAmt
EOY	$10,992,662	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$15,057,269	BOYAmt
EOY	$15,635,589	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$15,156,726	BOYAmt
EOY	$15,723,408	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$1,202,219	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$623,899	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
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)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	0	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
College Organization	Yes (X)	CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,727,657	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,469,851	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,357,445	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,655,129	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,984,467	CurrentTaxYearAmt
Total	$8,194,549	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,727,657	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,469,851	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,357,445	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,655,129	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,984,467	CurrentTaxYearAmt
Total	$8,194,549	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$8,194,549	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$54,589	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$846,905	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$723,700	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$673,800	CurrentTaxYearMinus1YearAmt
Current Tax Year	$237,915	CurrentTaxYearAmt
Total	$2,536,909	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$10,731,458	TotalSupportAmt
Gross Receipts Rltd Activities	$63,418	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.76360	PublicSupportCY170Pct
Public Support PY170	0.74810	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

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

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$13,286,694	BeginningYearBalanceAmt
Contributions	$736,623	ContributionsAmt
Investment Earnings Or Losses	$392,812	InvestmentEarningsOrLossesAmt
Other Expenditures	$533,894	OtherExpendituresAmt
End Year Balance	$13,882,235	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$10,978,540	BeginningYearBalanceAmt
Contributions	$583,852	ContributionsAmt
Investment Earnings Or Losses	$1,996,464	InvestmentEarningsOrLossesAmt
Other Expenditures	$272,162	OtherExpendituresAmt
End Year Balance	$13,286,694	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$9,871,317	BeginningYearBalanceAmt
Contributions	$767,656	ContributionsAmt
Investment Earnings Or Losses	$991,036	InvestmentEarningsOrLossesAmt
Other Expenditures	$651,469	OtherExpendituresAmt
End Year Balance	$10,978,540	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$9,056,136	BeginningYearBalanceAmt
Contributions	$743,991	ContributionsAmt
Investment Earnings Or Losses	-$182,755	InvestmentEarningsOrLossesAmt
Other Expenditures	-$253,945	OtherExpendituresAmt
End Year Balance	$9,871,317	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.08000	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.78000	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.14000	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$27,000	InvestmentCostOrOtherBasisAmt
Book Value	$27,000	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$27,000	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	DUE TO RELATED PARTY	Desc
Amt	$84,219	Amt

Field	Value	IRS element (for citing)
Total Liability	$84,219	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$1,690,123	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$623,899	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$623,899	RevenueNotReportedAmt
Revenue Subtotal	$2,314,022	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$2,314,022	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,111,803	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$1,111,803	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,111,803	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART V, LINE 4:	THE FOUNDATION INTENDS TO USE THE ENDOWMENT FUNDS TO AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.
PART X, LINE 2:	THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL OR STATE INCOME TAXES.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS AWARDED TO STUDENTS OF VIRGINIA STATE UNIVERSITY BASED ON MERRIT AND NEED	GrantTypeTxt
Recipient	479	RecipientCnt
Cash Grant	$462,904	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	GRANTS CONSIST OF SCHOLARSHIPS AWARDED TO STUDENTS OF VIRGINIA STATE UNIVERSITY AND ARE MONITORED BY THE UNIVERSITY.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
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

Field	Value	IRS element (for citing)
Person	KEVIN DAVENPORT	PersonNm
Title	VP FOR ADMINISTRATIVE & FINANCE	TitleTxt
Base Compensation Filing Org	$0	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$133,127	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$26,434	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$0	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$0	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$159,561	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2	ONE OFFICER, ROBERT L TURNER, JR, OF THE FOUNDATION WORKS FOR VIRGINIA STATE UNIVERSITY, A RELATED PARTY.
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S TREASURER AND PRESENTED AT A BOARD OF TRUSTEES' MEETING.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE AT ITS BUSINESS OFFICE. GOVERNING DOCUMENTS ARE ALSO AVAILABE ON THE ORGANIZATION'S WEBSITE.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA STATE UNIVERSITY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1 HAYDEN DRIVE	AddressLine1Txt
City	PETERSBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23806	ZIPCd

Field	Value	IRS element (for citing)
EIN	546001811	EIN
Primary Activities	COLLEGE AND UNIVERSITY	PrimaryActivitiesTxt
Legal Domicile State	VA	LegalDomicileStateCd
Exempt Code Section	501(C)(3)	ExemptCodeSectionTxt
Public Charity Status	LINE 2	PublicCharityStatusTxt
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	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	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	Yes (1)	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	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (1)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd