2015-11-11T12:08:28-06:00 2015-06-30 560747981 DIXON HUGHES GOODMAN LLP 3700 FESTIVAL PARK PLAZA CHESTER VA 238314415 990 2014-07-01 546074532 VIRGINIA STATE UNIVERSITY FOUNDATION VIRG 8045245215 PO BOX 9027 PETERSBURG VA 23806 FRANK JONES CHAIRMAN 8045245215 2015-11-09 1 LESLIE ROBERTS P00040492 8044252600 2014 2016-03-07 17:11:31Z FRANK JONES PO BOX 9027 PETERSBURG VA 23806 2327929 0 X FOUNDATION.VSU.EDU X FOUNDATION 1968 VA 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. 17 17 0 0 0 0 1357445 1655129 47168 0 723700 672800 0 0 2128313 2327929 275133 704188 0 0 20000 20000 0 0 0 863364 1283794 1158497 2007982 969816 319947 15135686 15156726 104995 99457 15030691 15057269 X 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. 0 0 704188 704188 SCHOLARSHIPS AND AWARDS TO STUDENTS. 190 SCHOLARSHIPS WERE AWARDED DURING THE YEAR. 302375 SUPPORT OF ATHLETIC PROGRAMS 77928 ALUMNI AFFAIRS 659730 BAND SUPPORT, ACADEMIC SUPPORT AND VARIOUS MISSION SUPPORT PROGAMS 659730 1744221 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 25 0 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X THE ORGANIZATION 8045245215 PO BOX 9027 PETERSBURG VA 23806 FRANK JONES CHAIRMAN 5.00 X X 0 0 0 ROBERT L TURNER JR EXECUTIVE DIRECTOR 40.00 X X 27000 0 0 WILLIS E GAY SECRETARY 5.00 X X 0 0 0 DR VALERIE KAY BROWN TREASURER 5.00 X X 0 0 0 FRASIER BRICKHOUSE II TRUSTEE 2.00 X 0 0 0 BEVERLY EVERSON-JONES TRUSTEE 2.00 X 0 0 0 DANTE JACKSON TRUSTEE 2.00 X 0 0 0 WILBERT J BRIGGS SR TRUSTEE 2.00 X 0 0 0 SAMUEL R RHUE SR TRUSTEE 2.00 X 0 0 0 CHARLES A BROCKETT TRUSTEE 2.00 X 0 0 0 GEORGE OTEY TRUSTEE 2.00 X 0 0 0 GEORGE K ANAS II TRUSTEE 2.00 X 0 0 0 HANK COLEMANN TRUSTEE 2.00 X 0 0 0 KIMBERLEY L MARTIN VICE CHAIR 5.00 X X 0 0 0 HARRISON BONNER TRUSTEE 2.00 X 0 0 0 FRANKLIN JOHNSON TRUSTEE 2.00 X 0 0 0 DAVID MEADOWS TRUSTEE - TERM ENDED 3/24/15 2.00 40.00 X 0 150433 54306 CLEMENTINE S CONE TRUSTEE 2.00 X 0 0 0 KEVIN DAVENPORT TRUSTEE - TERM BEGAN 3/25/15 2.00 40.00 X 0 0 0 27000 150433 54306 0 0 1 0 0 1655129 1655129 219502 219502 453298 0 453298 453298 453298 2327929 0 0 672800 704188 704188 20000 20000 119775 119775 75130 75130 911 911 40000 40000 619 619 16096 16096 ATHLETIC SUPPORT 302375 302375 TRANSFERS TO UNIVERSITY 282108 282108 DEPARTMENT SUPPORT 187449 187449 PROGRAM SUPPORT 91658 91658 167673 156443 11230 2007982 1744221 263761 0 2120870 2347927 231880 27000 26000 27000 12547236 12455944 209700 325855 15135686 15156726 19712 13169 85283 86288 104995 99457 X 1373945 1532585 3895072 3226387 9761674 10298297 15030691 15057269 15135686 15156726 319947 -293369 0 X 0 1 X 0 0 X 2929817 1727657 1469851 1357445 1655129 9139899 2929817 1727657 1469851 1357445 1655129 9139899 9139899 779346 54589 846905 723700 673800 3078340 12218239 63418 0.74810 0.77480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13286694 736623 392812 533894 13882235 10978540 583852 1996464 272162 13286694 9871317 767656 991036 651469 10978540 9056136 743991 -182755 -253945 9871317 6391413 1278125 1342982 -43616 9056136 0.08800 0.74200 0.17000 0 0 27000 27000 27000 DUE TO RELATED PARTY 86288 86288 X 2034560 -293369 -293369 2327929 0 2327929 2007982 0 2007982 0 2007982 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. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2015. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2012 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. 1 SCHOLARSHIPS AWARDED TO STUDENTS OF VIRGINIA STATE UNIVERSITY BASED ON MERRIT AND NEED 190 704188 PART I, LINE 2: GRANTS CONSIST OF SCHOLARSHIPS AWARDED TO STUDENTS OF VIRGINIA STATE UNIVERSITY AND ARE MONITORED BY THE UNIVERSITY 0 0 0 0 0 0 0 0 0 DAVID MEADOWS TRUSTEE - TERM ENDED 3/24/15 0 150433 0 0 0 0 0 0 0 54306 0 204739 0 0 FORM 990, PART VI, SECTION A, LINE 2 THREE OFFICERS, ROBERT L TURNER, JR, DAVID MEADOWS, AND KEVIN DAVENPORT OF THE FOUNDATION WORK 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. VIRGINIA STATE UNIVERSITY 1 HAYDEN DRIVE PETERSBURG VA 23806 COLLEGE AND UNIVERSITY VA 501(C)(3) LINE 2 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 VIRGINIA STATE UNIVERSITY K 40000 FAIR MARKET VALUE VIRGINIA STATE UNIVERSITY P 817431 COST VIRGINIA STATE UNIVERSITY B 282108 COST VIRGINIA STATE UNIVERSITY O 20000 COST