2012-11-14T12:28:06-06:00 2012-06-30 560747981 DIXON HUGHES GOODMAN LLP 272 BENDIX ROAD SUITE 500 VIRGINIA BEACH VA 23452 990 2011-07-01 237053028 EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION EAST 7574466051 P O BOX 5 NORFOLK VA 235010005 VINCENT J MASTRACCO JR 7574466051 2012-11-14 1 CARON CROUSE CPA P00630336 7574578400 2011 2016-02-24 21:20:13Z VINCENT J MASTRACCO JR PO BOX 5 NORFOLK VA 23501 35276604 0 X HTTP://WWW.EVMSFOUNDATION.ORG X 1969 VA THE EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION SERVES TO STRENGTHEN THE FINANCIAL SECURITY OF THE EASTERN VIRGINIA MEDICAL SCHOOL BY ACCEPTING, INVESTING AND MANAGING GIFTS, DONATIONS AND BEQUESTS. 21 21 0 0 0 0 7802444 15650232 0 0 1604174 2455608 92148 23120 9498766 18128960 4676132 5935050 0 0 0 0 0 0 96682 195032 245911 4871164 6180961 4627602 11947999 59888465 68032774 1008696 382778 58879769 67649996 X THE EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION SERVES TO STRENGTHEN THE FINANCIAL SECURITY OF THE EASTERN VIRGINIA MEDICAL SCHOOL BY ACCEPTING, INVESTING AND MANAGING GIFTS, DONATIONS AND BEQUESTS. 0 0 3678925 3678925 RESTRICTED GRANTS GIVEN TO THE EASTERN VIRGINIA MEDICAL SCHOOL FOR MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS 1274031 1274031 APPROPRIATIONS FOR MAINTENANCE AND OPERATIONS OF THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION. 527666 527666 APPROPRIATIONS FOR PROGRAM AND PROFESSORSHIP ENHANCEMENTS OF THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION. 454428 454428 APPROPRIATIONS FOR STUDENT SCHOLARSHIPS AT THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION. 454428 454428 5935050 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 1 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X TREASURER 7574466065 358 MOWBRAY ARCH NORFOLK VA 23501 X ANDREW S FINE 1.00 X X 0 0 0 VINCENT J MASTRACCO JR ESQ 1.00 X X 0 0 0 MR G ROBERT ASTON JR 1.00 X X 0 0 0 L D BRITT MD MPH 1.00 X 0 0 0 CHARLES P FLETCHER DDS 1.00 X 0 0 0 RICHARD S GLASSER ESQ 1.00 X 0 0 0 ROBERT C GOODMANJR ESQ 1.00 X 0 0 0 TOY D SAVAGE JR ESQ 1.00 X 0 0 0 B THOMAS MANSBACH 1.00 X 0 0 0 R BRUCE BRADLEY 1.00 X 0 0 0 PAUL J FARRELL 1.00 X 0 0 0 PRISCILLA TRINDER ROADY 1.00 X 0 0 0 THOMAS R FRANTZ 1.00 X 0 0 0 PAUL O HIRSCHBIEL JR 1.00 X 0 0 0 CHARLES W MOORMAN CEO 1.00 X 0 0 0 THOMAS V RUEGER 1.00 X 0 0 0 ALAN L WAGNER MD 1.00 X 0 0 0 STANLEY WARANCH 1.00 X 0 0 0 WAYNE F WILBANKS 1.00 X 0 0 0 EDWARD L HAMM JR ESQ 1.00 X 0 0 0 THE HONORABLE PAUL D FRAIM 1.00 X 0 0 0 0 0 0 0 0 0 0 0 15650232 819274 15650232 711791 711791 18891461 17147644 1743817 1743817 1743817 NET LIFE INSURANCE ACT 524298 23120 23120 23120 18128960 1766937 0 711791 5480622 5480622 454428 454428 21200 21200 SALARY REIMBURSEMENTS 107323 107323 SPECIAL EVENTS AND OTHE 57657 57657 PLEDGE WRITE OFF 39025 39025 GENERAL EXPENSES 20706 20706 6180961 5935050 149229 96682 843579 1609292 7234803 7834184 1130059 767180 42691673 54918959 6664989 1522187 1323362 1380972 59888465 68032774 1008696 382778 1008696 382778 X 14944789 13488762 14618463 15346342 29316517 38814892 58879769 67649996 59888465 68032774 X 11947999 -3177772 X X 0 1 1 X 0 X 5868145 3402050 8805273 7802444 15650232 41528144 5868145 3402050 8805273 7802444 15650232 41528144 11812674 29715470 754655 709543 499063 564936 711791 3239988 44768132 387096 0.66380 0.78480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49893365 11035972 -911157 1927424 58090756 42934446 1266271 7387878 1695230 49893365 35626952 5080986 3817540 1591032 42934446 44655315 1089339 -8578704 -1538998 35626952 0.24000 0.67000 0.09000 0 0 0 AMOUNT DUE TO AFFILIATES 288980 CHARITABLE TRUST LIABILITIES 15675 REFUNDABLE ADVANCES 78123 382778 18128960 6180961 11947999 -3177772 -3177772 8770227 14951188 -3177772 -3177772 18128960 0 18128960 6180961 0 6180961 0 6180961 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 150 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICITONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE FOUNDATION'S FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2011. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2009 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. 1 EASTERN VIRGINIA MEDICAL SCHOOL PO BOX 1980 NORFOLK VA 23501 546055378 501(C)(3) 5298047 SUPPORT EVMS PROFESSORSHIPS, CHAIRS, AND OPERATIONS. EASTERN VIRGINIA MEDICAL SCHOOL HEALTH SERVICES PO BOX 1980 NORFOLK VA 23501 521576648 501(C)(3) 31123 SCHOLARSHIPS 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: PROGRAM EXPENDITURES ARE MONITORED BY THE ACCOUNTING OFFICE FOR FINANCIAL AVAILABILITY AND THE DEVELOPMENT OFFICE TO MATCH THE EXPENDITURE AGAINST THE DONOR RESTRICTIONS. X 5 819274 QUOTED STOCK PRICES 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY MANAGEMENT WITH THE ASSITANCE OF THE EXTERNAL AUDIT FIRM. THE FORM 990 IS APPROVED BY THE FINANCE AND INVESTMENT COMMITTEE AND IS AVAILABLE FOR REVIEW BY ALL BOARD OF TRUSTEES MEMBERS PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE OF THE BOARD IS REQUIRED TO DISCLOSE CONFLICT OF INTEREST ANNUALLY. INDEPENDENT COMMITTEES EVAULATE CONFLICT OF INTERESTS AND TRUSTEES WITH CONFLICTS OF INTEREST ARE NOT PERMITTED TO VOTE ON PROPOSALS RELATED TO CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE POLICY OF THE EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION TO PAY WAGES AND SALARIES WHICH APPROPRIATELY RECOGNIZE JOB RESPONSIBILITIES AND INDIVIDUAL PERFORMANCE AND ARE COMPETITIVE IN THE JOB MARKET IN ORDER TO ATTRACT, RETAIN, REWARD, AND MOTIVATE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,177,772. AUDIT OVERSIGHT COMMITTEE 990 PART XII LINE 2C NO CHANGES TO OVERSIGHT COMMITTEE FROM PRIOR YEAR.