UNIVERSITY OF VIRGINIA FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF VIRGINIA FOUNDATION (EIN 54-1682176)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-28
- IRS object ID
- 201200889349301205
- Schema version
- 2010v3.4
- 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 C
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-28T14:31:09-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HANTZMON WIEBEL LLP CPA'S | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 818 E JEFFERSON ST PO BOX 1408 | AddressLine1 |
| City | CHARLOTTESVILLE | City |
| State | VA | State |
| ZIP Code | 22902 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541682176 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF VIRGINIA FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 4349824848 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 400218 | AddressLine1 |
| City | CHARLOTTESVILLE | City |
| State | VA | State |
| ZIP Code | 229044218 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TIM R ROSE | Name |
| Title | SECRETARY | Title |
| Phone | 4349824848 | Phone |
| Date Signed | 2012-03-21 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | W KEITH HANEY | Name |
| Phone | 4342962156 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | TIM R ROSE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 400218 | AddressLine1 |
| City | CHARLOTTESVILLE | City |
| State | VA | State |
| ZIP Code | 229044218 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 20014418 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.UVAFOUNDATION.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1993 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 14 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 45 | TotalNbrEmployees |
| Total Nbr Volunteers | 144 | TotalNbrVolunteers |
| Total Gross UBI | 1022204 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -157203 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 283000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 17594004 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 18662318 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 509835 | InvestmentIncomePriorYear |
| Investment Income Current Year | 446889 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 254078 | OtherRevenuePriorYear |
| Other Revenue Current Year | 334480 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 18357917 | TotalRevenuePriorYear |
| Total Revenue Current Year | 19726687 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 360000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 460000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3931492 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3917983 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 16300131 | OtherExpensePriorYear |
| Other Expenses Current Year | 17627271 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 20591623 | TotalExpensesPriorYear |
| Total Expenses Current Year | 22005254 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2233706 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2278567 | RevenuesLessExpensesCY |
| Total Assets BOY | 267837165 | TotalAssetsBOY |
| Total Assets EOY | 312021388 | TotalAssetsEOY |
| Total Liabilities BOY | 193582634 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 230905071 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 74254531 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 81116317 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 20238243 | Expense |
| Grants | 350000 | Grants |
| Revenue | 17836498 | Revenue |
| Description | 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 327743 | Expense |
| Revenue | 250505 | Revenue |
| Description | THE FOUNDATION PROVIDES ACCOUNTING SERVICES TO SEVEN 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: MILLER CENTER FOUNDATION, UVA ENGINEERING FOUNDATION, UVA HEALTH FOUNDATION, UVA'S COLLEGE AT WISE FOUNDATION, INC., CURRY SCHOOL OF EDUCATION FOUNDATION, ARCHITECTURE SCHOOL FOUNDATION, AND THE UNIVERSITY OF VIRGINIA ALUMNI BOARD OF TRUSTEES OF THE ENDOWMENT. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 110000 | Expense |
| Grants | 110000 | Grants |
| Description | 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 16 YEARS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 20675986 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 201 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 45 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 14 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4349824848 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 400218 | AddressLine1 |
| City | CHARLOTTESVILLE | City |
| State | VA | State |
| ZIP Code | 229044218 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| G SLAUGHTER FITZ-HUGH JR | ||||||||
| CHAIRMAN | 2.00 | X | 0 | 0 | 0 | |||
| SHARON A M MILLER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| STUART C SIEGEL | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| WILLIAM L TALBERT | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| TERESA A SULLIVAN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 198925 | 114011 | |||
| THOMAS C SKALAK | ||||||||
| DIRECTOR | 2.00 | X | 0 | 279022 | 44228 | |||
| LEONARD W SANDRIDGE | ||||||||
| DIRECTOR | 2.00 | X | 0 | 473780 | 176652 | |||
| ROBERT D SWEENEY | ||||||||
| DIRECTOR | 2.00 | X | 0 | 427545 | 56304 | |||
| DAVID B PATTESON | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LEWIS F PAYNE | ||||||||
| VICE CHAIRMAN | 2.00 | X | 0 | 0 | 0 | |||
| G DAVID CHEEK | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| BARBARA J FRIED | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ALBERT H SMALL | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| HELEN E DRAGAS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| TIM R ROSE | ||||||||
| SECRETARY/CEO | 40.00 | 344663 | 0 | 44875 | X | |||
| PATRICK J MCCANN | ||||||||
| TREASURER/CFO | 40.00 | 197770 | 0 | 37760 | X | |||
| WILLIAM E CROMWELL | ||||||||
| DIR-R/E MGT | 40.00 | 186138 | 0 | 36368 | X | |||
| DEBORAH A VAN EERSEL | ||||||||
| DIR-MARKETING | 40.00 | 119523 | 0 | 29487 | X | |||
| ELTON J OLIVER | ||||||||
| MANAGING DIR, MORVEN | 40.00 | 121803 | 0 | 15781 | X | |||
| FRED A MISSEL | ||||||||
| DIR-DESIGN & DEV | 40.00 | 141425 | 0 | 30920 | X | |||
| STEWART GAMAGE | ||||||||
| DIR-MORVEN PROJECT | 40.00 | 188744 | 0 | 28795 | X | |||
| CLARE P HUME | ||||||||
| FORMER TREASURER | 40.00 | 121928 | 0 | 11999 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1421994 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 1379272 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 627180 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| KJELLSTROM & LEE CONSTRUCTION INC | |||||
| 1607 OWNBY LANE | RICHMOND | VA | 23220 | CONSTRUCTION | 5157280 |
| ODELL ASSOCIATES INC | |||||
| PO BOX 1070 | CHARLOTTE | NC | 282011070 | ARCHITECTURE | 3377224 |
| PERKINS AND WILL | |||||
| 1250 24TH STREET NW SUITE 800 | WASHINGTON | DC | 200371223 | ARCHITECTURE | 646089 |
| HOURIGAN CONSTRUCTION CORP | |||||
| 4429 BONNEY ROAD SUITE 200 | VIRGINIA BEACH | VA | 23462 | CONSTRUCTION | 421597 |
| MARTINHORN INC | |||||
| 210 CARLTON ROAD | CHARLOTTESVILLE | VA | 229025972 | CONSTRUCTION | 261615 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
| All Other Contributions | 283000 | AllOtherContributions |
| Total Contributions | 283000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| RENTAL INCOME | 900003 | 16752606 | 16712606 | 40000 |
| ADMIN & MANAGEMENT SER | 531390 | 1909712 | 1374397 | 535315 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 18662318 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 446889 | TotalRevenueColumn |
| Unrelated Business Revenue | 446889 | UnrelatedBusinessRevenue |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 622211 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 287731 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 334480 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 334480 | TotalRevenueColumn |
| Exclusion | $334,480 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19726687 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18087003 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1022204 | UnrelatedBusinessRevenue |
| Exclusion | $334,480 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 350000 | Total |
| Program Services | 350000 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110000 | Total |
| Program Services | 110000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 613392 | Total |
| Program Services | 186998 | ProgramServices |
| Management And General | 426394 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2388705 | Total |
| Program Services | 1864623 | ProgramServices |
| Management And General | 524082 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 270311 | Total |
| Program Services | 184701 | ProgramServices |
| Management And General | 85610 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 430072 | Total |
| Program Services | 293865 | ProgramServices |
| Management And General | 136207 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 215503 | Total |
| Program Services | 147251 | ProgramServices |
| Management And General | 68252 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 615 | Total |
| Management And General | 615 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91370 | Total |
| Program Services | 62698 | ProgramServices |
| Management And General | 28672 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83767 | Total |
| Program Services | 62825 | ProgramServices |
| Management And General | 20942 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1748819 | Total |
| Program Services | 1744633 | ProgramServices |
| Management And General | 4186 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13200 | Total |
| Program Services | 10560 | ProgramServices |
| Management And General | 2640 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3111155 | Total |
| Program Services | 3111155 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6292403 | Total |
| Program Services | 6287874 | ProgramServices |
| Management And General | 4529 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 173191 | Total |
| Program Services | 167543 | ProgramServices |
| Management And General | 5648 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| CONTRACTUAL SERVICES | 4282906 | 4269538 | 13368 |
| PROPERTY TAXES | 1222699 | 1221788 | 911 |
| OTHER OPERATING COSTS | 556396 | 552900 | 3496 |
| MARKETING | 38783 | 38783 | |
| POSTAGE | 4938 | 3950 | 988 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7029 | Total |
| Program Services | 4301 | ProgramServices |
| Management And General | 2728 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22005254 | Total |
| Program Services | 20675986 | ProgramServices |
| Management And General | 1329268 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4118205 | BOY |
| EOY | 12200218 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5083347 | BOY |
| EOY | 19029766 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1225603 | BOY |
| EOY | 1684048 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15014856 | BOY |
| EOY | 14958356 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 151125 | BOY |
| EOY | 88885 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 216271204 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 44831769 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 172101157 | BOY |
| EOY | 171439435 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56170037 | BOY |
| EOY | 61817915 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 8261604 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13972835 | BOY |
| EOY | 22541161 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 267837165 | BOY |
| EOY | 312021388 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3322859 | BOY |
| EOY | 6587973 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46358000 | BOY |
| EOY | 59810000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79214675 | BOY |
| EOY | 75710878 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64687100 | BOY |
| EOY | 88796220 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 193582634 | BOY |
| EOY | 230905071 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3391167 | BOY |
| EOY | 4312213 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56086957 | BOY |
| EOY | 62027697 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14776407 | BOY |
| EOY | 14776407 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74254531 | BOY |
| EOY | 81116317 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 267837165 | BOY |
| EOY | 312021388 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -2278567 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 9140353 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type3 Func Int | X | SupportingOrg509a3Type3FuncInt |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF VIRGINIA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546001796 | EIN |
| Type Of Organization | LINE 6 | TypeOfOrganization |
| Listed In Governing Doc | 1 | ListedInGoverningDoc |
| Supported Organization Notified | 1 | SupportedOrganizationNotified |
| Organized In US | 1 | OrganizedInUS |
| Amount | $20,675,986 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 20675986 | SumOfAmounts |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $615 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 615 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF OTHER LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1I: | ReturnReference |
| Explanation | THE FOUNDATION RETAINED A LOBBYIST (FRANK B. ATKINSON OF MCGUIREWOODS CONSULTING) FOR SERVICES RELATED TO VIRGINIA'S EXECUTIVE BUDGET PROCESS, GOVERNOR'S HIGHER EDUCATION COMMISSION AND THE 2012 LEGISLATIVE SESSION. | Explanation |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 36421861 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 8601353 | InvestmentEarningsOrLosses |
| Other Expenditures | 1786774 | OtherExpenditures |
| End Of Year Balance | 43236440 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 34884052 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 5074804 | InvestmentEarningsOrLosses |
| Other Expenditures | 3536995 | OtherExpenditures |
| End Of Year Balance | 36421861 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 48840029 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -10517420 | InvestmentEarningsOrLosses |
| Other Expenditures | 3438557 | OtherExpenditures |
| End Of Year Balance | 34884052 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.04000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.96000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 5259085 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 53758400 | OtherCostOrOtherBasis |
| Book Value | 59017485 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 130162436 | OtherCostOrOtherBasis |
| Depreciation | 26306671 | Depreciation |
| Book Value | 103855765 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 27091283 | OtherCostOrOtherBasis |
| Depreciation | 18525098 | Depreciation |
| Book Value | 8566185 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 171439435 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| POOLED INVESTMENTS | 43236440 | F |
| GIFT ANNUITY INVESTMENTS | 18272575 | F |
| S/T INVESTMENTS-457 PLAN | 308900 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 61817915 | TotalOfBookValueSecurities |
Other Assets OtherAssets (5 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DEVELOPMENT COSTS AND CONSTRUCTION IN PROGRESS | 17727900 |
| INTANGIBLE ASSETS AND DEPOSIT - NET | 2366014 |
| ADVANCES - AFFILIATED ORGANIZATIONS | 1703816 |
| DEFERRED LEASE INCENTIVE | 81426 |
| INTEREST RECEIVABLE | 662005 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 22541161 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (7 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEPOSIT LIABILITY | $29,925,023 |
| ADVANCES FROM AFFLIATED ORGANIZATIONS | $29,432,596 |
| OBLIGATION UNDER UNITRUST AGREEMENTS | $20,708,412 |
| OTHER LIABILITIES | $403,233 |
| DEFERRED INCOME | $672,449 |
| ACCRUED EXPENSES | $614,795 |
| ESTIMATED VALUE OF DERIVATIVES | $7,039,712 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 88796220 | TotalOfAmounts |
| Total Revenue | 19726687 | TotalRevenue |
| Total Expenses | 22005254 | TotalExpenses |
| Excess Or Deficit For Year | -2278567 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 8597696 | NetUnrealizedGLOnInvestments |
| Other | $542,657 | OtherAmount |
| Total Adjustments | 9140353 | TotalAdjustments |
| Excess Or Deficit Per FS | 6861786 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 27428738 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 8597696 | NetUnrealizedGainsInvestments |
| Other Revenues | -448756 | OtherRevenues |
| Revenue Not Rptd F990 | 8148940 | RevenueNotRptdF990 |
| Revenue Subtotal | 19279798 | RevenueSubtotal |
| Other Revenues Not Included | 446889 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 446889 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 19726687 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 21846102 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 287737 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 287737 | ExpensesNotRptdF990 |
| Expenses Subtotal | 21558365 | ExpensesSubtotal |
| Other Expenses Not Included | 446889 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 446889 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 22005254 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | 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. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | 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. THE FOUNDATION GENERALLY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U. S. FEDERAL, STATE, OR LOCAL AUTHORITIES FOR YEARS BEFORE 2008. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | BOOK ADJUSTMENT-GAIN ON SWAP AGREEMENT 1,279,144. LOSS FROM SUBSIDIARIES -736,487. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | INCOME (LOSS) FROM SUBSIDIARY -736,487. RENTAL EXPENSES REPORTED ON PART VIII - LINE 6B 287,731. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INTER-COMPANY INTEREST 446,889. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES REPORTED ON LINE 6B - PART I 287,731. ROUNDING ADJUSTMENT 6. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | INTER-COMPANY INTEREST 446,889. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF VIRGINIA | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1525 | AddressLine1 |
| City | CHARLOTTESVILLE | City |
| State | VA | State |
| ZIP Code | 22902 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 546001796 | EINOfRecipient |
| IRC Section | 170(B)(1)(A)(VI) | IRCSection |
| Amount Of Cash Grant | 350000 | AmountOfCashGrant |
| Purpose Of Grant | OPERATING SUPPORT | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | 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. | TypeOfGrant |
| Number Of Recipients | 11 | NumberOfRecipients |
| Amount Of Cash Grant | 110000 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: 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 FUTHERANCE OF THEIR EDUCATIONAL PURSUITS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (10 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TERESA A SULLIVAN | |||||||||||||
| 0 | 198925 | 0 | 0 | 0 | 0 | 0 | 111117 | 0 | 2894 | 0 | 312936 | 0 | 0 |
| THOMAS C SKALAK | |||||||||||||
| 0 | 279022 | 0 | 0 | 0 | 0 | 0 | 28960 | 0 | 15268 | 0 | 323250 | 0 | 0 |
| LEONARD W SANDRIDGE | |||||||||||||
| 0 | 473780 | 0 | 0 | 0 | 0 | 0 | 163385 | 0 | 13267 | 0 | 650432 | 0 | 0 |
| ROBERT D SWEENEY | |||||||||||||
| 0 | 427545 | 0 | 0 | 0 | 0 | 0 | 43406 | 0 | 12898 | 0 | 483849 | 0 | 0 |
| TIM R ROSE | |||||||||||||
| 244663 | 0 | 100000 | 0 | 0 | 0 | 31602 | 0 | 13273 | 0 | 389538 | 0 | 0 | 0 |
| PATRICK J MCCANN | |||||||||||||
| 182770 | 0 | 15000 | 0 | 0 | 0 | 25177 | 0 | 12583 | 0 | 235530 | 0 | 0 | 0 |
| WILLIAM E CROMWELL | |||||||||||||
| 161138 | 0 | 25000 | 0 | 0 | 0 | 23785 | 0 | 12583 | 0 | 222506 | 0 | 0 | 0 |
| FRED A MISSEL | |||||||||||||
| 124425 | 0 | 17000 | 0 | 0 | 0 | 18337 | 0 | 12583 | 0 | 172345 | 0 | 0 | 0 |
| STEWART GAMAGE | |||||||||||||
| 188744 | 0 | 0 | 0 | 0 | 0 | 23593 | 0 | 5202 | 0 | 217539 | 0 | 0 | 0 |
| CLARE P HUME | |||||||||||||
| 101928 | 0 | 20000 | 0 | 0 | 0 | 0 | 0 | 11999 | 0 | 133927 | 0 | 0 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE VIRGINIA | |||||||
| 541187150 | 161072AA1 | 2006-12-19 | 82950000 | REFINANCING AND BUILDING PROJECTS | 0 | 0 | 0 |
| INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE VIRGINIA | |||||||
| 541187150 | 161072AB9 | 2006-12-19 | 82950000 | REFINANCING AND BUILDING PROJECTS | 0 | 0 | 0 |
| ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE VIRGINIA | |||||||
| 541187150 | 2011-06-15 | 40460000 | REFINANCING PRIOR TAX-EXEMPT BOND ISSUE | 0 | 0 | 0 | |
| VIRGINIA SMALL BUSINESS FINANCING AUTHORITY | |||||||
| 541300845 | 2010-12-21 | 15000000 | BUILDING PROJECT | 0 | 0 | 0 | |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Other Spent ProceedsOtherSpentProceeds | Capital ExpendituresCapitalExpenditures | Amount UnspentAmountUnspent |
|---|---|---|---|---|---|---|---|---|---|---|
| 82950000 | 2010 | 0 | 0 | 1 | 1 | |||||
| 82950000 | 2010 | 0 | 0 | 1 | 1 | |||||
| 2010 | 0 | 1 | 1 | 1 | 40460000 | 104365 | 40355635 | |||
| 0 | 0 | 0 | 0 | 15000000 | 74250 | 425382 | 14500368 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 1 | 1 | 0 | 0 | 0 | 0 |
| 1 | 1 | 0 | 0 | 0 | 0 |
| 0 | 1 | 0 | 0 | 0 | 0 |
| 0 | 1 | 0 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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. | |
| 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 EXECTUTIVE 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 12C | |
| 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 B, LINE 15 | |
| 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 18 | |
| 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 VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 8,597,696. BOOK ADJUSTMENT-GAIN ON SWAP AGREEMENT 1,279,144. LOSS FROM SUBSIDIARIES -736,487. TOTAL TO FORM 990, PART XI, LINE 5: 9,140,353. | FORM 990, PART XI, LINE 5: |
| 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, PART XI, QUESTION 2C: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF VIRGINIA | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 400160 | AddressLine1 |
| City | CHARLOTTESVILLE | City |
| State | VA | State |
| ZIP Code | 229044160 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546001796 | EIN |
| Primary Activities | EDUCATIONAL INSTITUTION | PrimaryActivities |
| Legal Domicile State | VA | LegalDomicileState |
| Exempt Code Section | 170(B)(1)(A)(VI) | ExemptCodeSection |
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF VIRGINIA HOST PROPERTIES INC | ||||||||||
| 200 EDNAM DRIVE | CHARLOTTESVILLE | VA | 22903 | 541089937 | SPA, HOTEL AND SPORTS CLUB | VA | C | 10504561 | 30748352 | 1.00000 |
| MEADOW CREEK CORPORATION | ||||||||||
| 105 EMMET STREET N | CHARLOTTESVILLE | VA | 22903 | 541900763 | HOTEL | VA | C | 1839615 | 6266663 | 1.00000 |
| HISTORIC RENOVATION CORPORATION | ||||||||||
| ONE BOARS HEAD POINTE | CHARLOTTESVILLE | VA | 22903 | 541264273 | REAL ESTATE MANAGEMENT | VA | C | 234832 | 86102 | 1.00000 |
| MEADOW CREEK II CORPORATION | ||||||||||
| 400 NORTH EMMET STREET | CHARLOTTESVILLE | VA | 22903 | 364631045 | HOTEL | VA | C | 504301 | 6260355 | 1.00000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (8 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| UNIVERSITY OF VIRGINIA HOST PROPERTIES INC | ||
| I | 40000 | FMV |
| UNIVERSITY OF VIRGINIA HOST PROPERTIES INC | ||
| A | 397461 | FMV |
| MEADOW CREEK CORPORATION | ||
| R | 60000 | FMV |
| MEADOW CREEK II CORPORATION | ||
| R | 45000 | FMV |
| UNIVERSITY OF VIRGINIA HOST PROPERTIES INC | ||
| R | 430315 | FMV |
| UNIVERSITY OF VIRGINIA HOST PROPERTIES INC | ||
| D | 8685791 | N/A |
| MEADOW CREEK II CORPORATION | ||
| D | 6229065 | N/A |
| MEADOW CREEK II CORPORATION | ||
| A | 49428 | FMV |
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