2011-11-14T12:11:11-06:00 2011-06-30 DIXON HUGHES GOODMAN LLP 272 BENDIX ROAD SUITE 500 VIRGINIA BEACH VA 23452 990 2010-07-01 237053028 EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION EAST 7574466051 P O BOX 5 NORFOLK VA 235010005 VINCENT J MASTRACCO JR 7574466051 2011-11-04 1 CARON CROUSE CPA 7574578400 2010 2016-02-24 21:20:13Z VINCENT J MASTRACCO JR PO BOX 5 NORFOLK VA 23501 13513400 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 PRIVATE GIFTS, DONATIONS AND BEQUESTS. 22 22 0 0 0 0 8805273 7802444 0 0 674991 1604174 75062 92148 9555326 9498766 4053647 4676132 0 0 0 0 0 0 52249 179786 195032 4233433 4871164 5321893 4627602 48642995 59888465 351934 1008696 48291061 58879769 X THE EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION SERVES TO STRENGTHEN THE FINANCIAL SECURITY OF THE EASTERN VIRGINIA MEDICAL SCHOOL BY ACCEPTING, INVESTING AND MANAGING PRIVATE GIFTS, DONATIONS AND BEQUESTS. 0 0 2310919 RESTRICTED GRANTS GIVEN TO THE EASTERN VIRGINIA MEDICAL SCHOOL FOR MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS 1364302 APPROPRIATIONS FOR MAINTENANCE AND OPERATIONS OF THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION. 677066 APPROPRIATIONS FOR PROGRAM AND PROFESSORSHIP ENHANCEMENTS OF THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION. 323845 APPROPRIATIONS FOR STUDENT SCHOLARSHIPS AT THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION. 323845 4676132 1 1 0 0 0 0 0 0 1 1 1 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 0 0 0 0 0 0 0 0 0 0 0 X 22 22 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 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 JOHN O WYNNE 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 7802444 701368 7802444 564936 564936 5053872 4014634 1039238 1039238 1039238 REIMB-MICRO SURG LAB 621300 67000 67000 NET LIFE INSURANCE ACT 524298 25148 25148 92148 9498766 1131386 0 564936 4352287 4352287 323845 323845 20000 20000 SALARY REIMBURSEMENTS 94876 94876 SPECIAL EVENTS AND OTHE 47349 47349 GENERAL EXPENSES 27907 27907 PLEDGE WRITE OFF 4900 4900 4871164 4676132 142783 52249 539896 843579 4078034 7234803 1147942 1130059 32934704 42691673 8642840 6664989 1299579 1323362 48642995 59888465 351934 1008696 351934 1008696 X 11699506 14944789 7805277 14618463 28786278 29316517 48291061 58879769 48642995 59888465 X 4627602 5961106 X X 0 1 1 X 0 X 3695780 5868145 3402050 8805273 7802444 29573692 3695780 5868145 3402050 8805273 7802444 29573692 3892860 25680832 620702 754655 709543 499063 564936 3148899 32722591 476959 0.78480 0.65570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42934446 1266271 7387878 1695230 49893365 35626952 5080986 3817540 1591032 42934446 44655315 1089339 -8578704 -1538998 35626952 0.31000 0.10000 0.59000 0 0 0 ALTERNATIVE STRATEGY FUNDS 6664989 F 6664989 AMOUNT DUE TO AFFILIATES 887559 CHARITABLE TRUST LIABILITIES 32038 REFUNDABLE ADVANCES 89099 1008696 9498766 4871164 4627602 5961106 5961106 10588708 15459872 5961106 5961106 9498766 0 9498766 4871164 0 4871164 0 4871164 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE FINANCIAL SUPPORT TO THE EASTERN VIRGINIA MEDICAL SCHOOL AS A CHARITABLE FOUNDATION. 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, 2007 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. 1 EASTERN VIRGINIA MEDICAL SCHOOL PO BOX 1980 NORFOLK VA 23501 546055378 3507966 SUPPORT EVMS PROFESSORSHIPS, CHAIRS, AND OPERATIONS. EASTERN VIRGINIA MEDICAL SCHOOL HEALTH SERVICES PO BOX 1980 NORFOLK VA 23501 521576648 11595 SCHOLARSHIPS ROSS BARRETT PC 1921 GREY FRIARS CHASE VIRGINIA BEACH VA 23456 541921944 17897 EXPENSE REIMBURSEMENTS 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 701368 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 DISCLOSURE OF RELATIONSHIP WITH DONOR MR. G. ROBERT ASTON, JR. (CHAIRMAN AND PRESIDENT OF THE FOUNDATION) IS A BOARD MEMBER, CHAIRMAN, AND CEO OF TOWNEBANK. TOWNEBANK IS LISTED ON SCH B. THE FOUNDATION ALSO HAS THEIR BANK ACCOUNT WITH TOWNEBANK. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 5,961,106. AUDIT OVERSIGHT COMMITTEE 990 PART XII LINE 2C NO CHANGES TO OVERSIGHT COMMITTEE FROM PRIOR YEAR.