Civic Intelligence

Longwood University Real Estate Foundation

990 • Fiscal year 2019 • EIN 20-1612906

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

Organization ProfileWWW.LONGWOOD.EDU/REALESTATEFOUNDATION
315 West Third StreetFarmville, VA 23901

(434) 395-2086

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

1.06x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

11.63x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

51st percentile

4.2%

Higher net margin than 51% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

6th percentile

$133,077

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

1st percentile

-31%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

42%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$243,760,552

Down $107,133,066 (-31%) from 2018

Net Assets

Up

-$14,662,237

Up $3,280,876 (+18%) from 2018

Liabilities

Down

$258,422,789

Down $110,413,942 (-30%) from 2018

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin51st percentile

Revenue

Up

$22,213,163

Up $6,583,532 (+42%) from 2018

Expenses

Up

$21,274,244

Up $5,128,238 (+32%) from 2018

Net Income

Up

$938,919

Up $1,455,294 (+282%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$200M$0-$200MAssets 2010: $50,857,707Liabilities 2010: $58,415,146Net Assets 2010: -$7,557,4392010Assets 2011: $52,366,028Liabilities 2011: $66,028,521Net Assets 2011: -$13,662,4932011Assets 2012: $73,822,828Liabilities 2012: $89,569,138Net Assets 2012: -$15,746,3102012Assets 2013: $93,619,784Liabilities 2013: $105,469,783Net Assets 2013: -$11,849,9992013Assets 2014: $93,039,666Liabilities 2014: $109,281,370Net Assets 2014: -$16,241,7042014Assets 2015: $117,048,120Liabilities 2015: $135,028,240Net Assets 2015: -$17,980,1202015Assets 2016: $130,726,325Liabilities 2016: $150,830,410Net Assets 2016: -$20,104,0852016Assets 2017: $219,514,375Liabilities 2017: $235,368,728Net Assets 2017: -$15,854,3532017Assets 2018: $350,893,618Liabilities 2018: $368,836,731Net Assets 2018: -$17,943,1132018Assets 2019: $243,760,552Liabilities 2019: $258,422,789Net Assets 2019: -$14,662,2372019Assets 2020: $272,226,716Liabilities 2020: $294,195,430Net Assets 2020: -$21,968,7142020Assets 2021: $322,438,396Liabilities 2021: $342,936,137Net Assets 2021: -$20,497,7412021Assets 2022: $314,213,989Liabilities 2022: $340,801,955Net Assets 2022: -$26,587,9662022Assets 2023: $301,484,487Liabilities 2023: $335,070,479Net Assets 2023: -$33,585,9922023Assets 2024: $298,140,860Liabilities 2024: $334,657,692Net Assets 2024: -$36,516,8322024

Highlighted filing

2019

Assets$243,760,552
Liabilities$258,422,789
Net Assets-$14,662,237
Open 2019 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MExpenses 2010: $6,441,4542010Expenses 2011: $6,708,2632011Revenue 2012: $6,064,730Expenses 2012: $8,530,541Net Income 2012: -$2,465,8112012Revenue 2013: $7,725,542Expenses 2013: $8,627,192Net Income 2013: -$901,6502013Revenue 2014: $10,223,113Expenses 2014: $11,776,353Net Income 2014: -$1,553,2402014Revenue 2015: $9,066,248Expenses 2015: $11,009,657Net Income 2015: -$1,943,4092015Revenue 2016: $11,587,134Expenses 2016: $11,388,172Net Income 2016: $198,9622016Revenue 2017: $12,570,441Expenses 2017: $13,134,357Net Income 2017: -$563,9162017Revenue 2018: $15,629,631Expenses 2018: $16,146,006Net Income 2018: -$516,3752018Revenue 2019: $22,213,163Expenses 2019: $21,274,244Net Income 2019: $938,9192019Revenue 2020: $29,646,672Expenses 2020: $26,576,229Net Income 2020: $3,070,4432020Revenue 2021: $31,911,007Expenses 2021: $30,440,034Net Income 2021: $1,470,9732021Revenue 2022: $26,239,174Expenses 2022: $32,329,399Net Income 2022: -$6,090,2252022Revenue 2023: $29,649,183Expenses 2023: $36,647,209Net Income 2023: -$6,998,0262023Revenue 2024: $35,126,384Expenses 2024: $38,577,423Net Income 2024: -$3,451,0392024

Highlighted filing

2019

Revenue$22,213,163
Expenses$21,274,244
Net Income$938,919
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.0
Gross Receipts
$22,627,612
Mission and Program Overview

Mission

The mission of the foundation is to acquire, develop, finance, lease, hold, operate, manage and dispose of real property assets and interests for longwood university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$128,931,696$165,672,166▲ $36,740,470
Cash and Non-Interest-Bearing Accounts$4,234,172$11,232,347▲ $6,998,175
Prepaid Expenses and Deferred Charges$75,200$452,345▲ $377,145
Other Notes and Loans Receivable, Net$296,882$293,053▼ $3,829
Total Assets$350,893,618$243,760,552▼ $107,133,066
Other Assets Total$217,355,668$66,110,641▼ $151,245,027
Liabilities
Tax Exempt Bond Liabilities$324,320,000$215,410,000▼ $108,910,000
Mortgage Notes Payable Secured by Investment Property$31,178,693$30,558,981▼ $619,712
Accounts Payable and Accrued Expenses$9,404,902$9,875,066▲ $470,164
Other Liabilities$2,819,731$1,505,511▼ $1,314,220
Unsecured Notes Loans Payable$1,113,405$1,073,231▼ $40,174
Total Liabilities$368,836,731$258,422,789▼ $110,413,942
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$3,860,928-
Net Assets Without Donor Restrictions$-17,943,113$-18,523,165▼ $580,052
Total Net Assets Fund Balance$-17,943,113$-14,662,237▲ $3,280,876
Total Liabilities and Net Assets / Fund Balance$350,893,618$243,760,552▼ $107,133,066

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$120,822,133$28,163,918$148,986,051
Other Land Buildings$25,718,592$5,892,264$31,610,856
Land$17,129,278-$17,129,278
Equipment$2,002,163$3,455,961$5,458,124
Other Assets Org$46,850--
Compensation and Service Providers
Top Officer Pay6th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Louise W WallerExecutive DiFT$133,077$133,077

Board Members and Trustees

NameTitle
Bill WalshPresident
Courtney HodgesDirector
Dr Helen P Warriner-burkeDirector
E Duffy MyrtetusDirector
Gregory F Fawcett IiDirector
Hunter WatsonDirector
Sherry SwinsonDirector
Tim J Pierson Ph DDirector
W Taylor Reveley IvDirector
William FiegeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$3,907,709
Program Service Revenue
$16,672,943
Investment Income
$1,643,594
Other Revenue
$-11,083
All Other Contributions
$3,907,709
Change in Net Assets
$938,919

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,565,094
Revenue Not Reported on Financial Statements
$-351,931
Revenue Not Reported on Form 990
$2,341,957
Other Revenue Adjustments
$-351,931
Total Revenue per Audited Statements
$24,907,051
Total Revenue per Form 990
$22,213,163
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,519,424
Grants and Similar Amounts Paid$2,470,444
Salaries, Compensation, and Employee Benefits$284,376
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$8,301,228--$8,301,228
Depreciation Depletion$4,856,602--$4,856,602
Occupancy$3,635,752--$3,635,752
Grants to Domestic Orgs$2,470,444--$2,470,444
Insurance$280,860--$280,860
Fees for Services Other$93,295$125,143-$218,438
Office Expenses$15,672$122,277-$137,949
Other Salaries and Wages$97,626$26,709-$124,335
Current Officers, Directors, Trustees, and Key Employees$107,792$11,977-$119,769
Fees for Services Accounting-$51,386-$51,386
Other Employee Benefits$23,913$12,309-$36,222
Other Expenses$34,399--$34,399
All Other Expenses$25,731--$25,731
Fees for Services Legal$18,978$1,700-$20,678
Payroll Taxes$4,050--$4,050
Conferences and Meetings-$289-$289
Total Functional Expenses$20,922,454$351,790$0$21,274,244

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$21,626,175
Expenses per Audited Statements$21,274,244
Total Expenses per Form 990$21,274,244
Expenses Not Reported on Form 990$351,931
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Longwood UniversityFarmville, VAGovGeneral Support$2,470,444
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Discount & Premium$4,967,341
Security Deposits$12,229
Loan Costs$-3,474,059

Bond Issues

BondIssuerIssuedIssue PricePurpose
BIda of Town of Farmville Va2018-12-20$120,910,000To refund series 2015 bonds, finance any reserves, and pay cost of issuance required under the 2018
AIda of Town of Farmville Va2017-12-12$94,500,000Renovation of student housing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$126,101,847--$2,290,998
A$94,500,000--$1,200,000

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
Yes
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A draft copy of the 990 is given to the executive director and the board members for a period of time for changes before the 990 is filed. The final form 990 is presented at the preceeding board of trustees meeting and all board members are provided a copy to review and ask questions.”

Form 990, Page 6, Part VI, Line 15A

“Salaries are approved by longwood university.”

Form 990, Page 6, Part VI, Line 15B

“All salaries are approved by longwood university”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statement available upon request.”

Filing and Contact Details

Filer

Filer Name
Longwood University
EIN
20-1612906
Phone
4343952086
Address
315 WEST THIRD STREET, FARMVILLE, VA 23901

Signing Officer

Name
Louise W Waller
Title
Executive Director
Phone
4343952086
Signed
2020-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louise W Waller
Formed
2004
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
4
Employees
9

Preparer

Firm
J Brocklehurst CPA Pllc
Address
3900 WESTERRE PARKWAY SUITE 300, RICHMOND, VA 23233
Preparer
Janet L Brocklehurst
Phone
8047270120
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Unrealized gain/loss on swap 2,341,957”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Unrealized gain/loss on swap 2,341,957”

Schedule D, Page 4, Part XI, Line 4B

“Rental expense offsetting income -351,931”

Schedule D, Page 4, Part XII, Line 2D

“RENTAL EXPENSES 351,931”

Raw XML AppendixShowing 400 of 696 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InsuranceGrp/TotalAmt0280860
IRS990/InterestGrp/ProgramServicesAmt08301228
IRS990/InterestGrp/TotalAmt08301228
IRS990/InvestmentIncomeGrp/ExclusionAmt01666012
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01666012
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt038
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt037512143
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0128931696
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0165672166
IRS990/LandBldgEquipCostOrOtherBssAmt0203184309
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt062518
IRS990/LessRentalExpensesGrp/RealAmt0351931
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF THE FOUNDATION IS TO ACQUIRE, DEVELOP, FINANCE, LEASE, HOLD, OPERATE, MANAGE AND DISPOSE OF REAL PROPERTY ASSETS AND INTERESTS FOR LONGWOOD UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt031178693
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt030558981
IRS990/NetAssetsOrFundBalancesBOYAmt0-17943113
IRS990/NetAssetsOrFundBalancesEOYAmt0-14662237
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-22418
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-22418
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-11083
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-11083
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-17943113
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-18523165
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt03635752
IRS990/OccupancyGrp/TotalAmt03635752
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0122277
IRS990/OfficeExpensesGrp/ProgramServicesAmt015672
IRS990/OfficeExpensesGrp/TotalAmt0137949
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0217355668
IRS990/OtherAssetsTotalGrp/EOYAmt066110641
IRS990/OtherChangesInNetAssetsAmt02341957
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012309
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023913
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036222
IRS990/OtherExpensesGrp/Desc0FACILITY MANAGEMENT COSTS
IRS990/OtherExpensesGrp/Desc1DESIGN COSTS-OTHER PROP
IRS990/OtherExpensesGrp/Desc2HOTEL PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc3WALK TO CAMPUS COSTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0814300
IRS990/OtherExpensesGrp/ProgramServicesAmt184368
IRS990/OtherExpensesGrp/ProgramServicesAmt257444
IRS990/OtherExpensesGrp/ProgramServicesAmt334399
IRS990/OtherExpensesGrp/TotalAmt0814300
IRS990/OtherExpensesGrp/TotalAmt184368
IRS990/OtherExpensesGrp/TotalAmt257444
IRS990/OtherExpensesGrp/TotalAmt334399
IRS990/OtherLiabilitiesGrp/BOYAmt02819731
IRS990/OtherLiabilitiesGrp/EOYAmt01505511
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026709
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt097626
IRS990/OtherSalariesAndWagesGrp/TotalAmt0124335
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0296882
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0293053
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt04050
IRS990/PayrollTaxesGrp/TotalAmt04050
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075200
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0452345
IRS990/PrincipalOfficerNm0LOUISE W WALLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531190
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/Desc1PARKING
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT DAMAGES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016501169
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1130535
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt231182
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt310057
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016501169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1130535
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt231182
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt310057
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02864071
IRS990/PYInvestmentIncomeAmt01800863
IRS990/PYOtherExpensesAmt013077342
IRS990/PYOtherRevenueAmt0-38760
IRS990/PYProgramServiceRevenueAmt013867528
IRS990/PYRevenuesLessExpensesAmt0-516375
IRS990/PYSalariesCompEmpBnftPaidAmt0204593
IRS990/PYTotalExpensesAmt016146006
IRS990/PYTotalRevenueAmt015629631
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0938919
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-11083
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt016672943
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE REAL ESTATE FOUNDATION BOARD OF DIRECTORS IS APPOINTED BY LONGWOOD UNIVERSITY BOARD OF VISITORS AND INCLUDES 4 EX-OFFICIO DIRECTORS THAT HOLD OFFICIAL POSITIONS AT THE UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION PROVIDES LEASING OF STUDENT HOUSING AND OTHER STUDENT RELATED FACILITIES TO LONGWOOD UNIVERSITY (THE SUPPORTED ORGANIZATION) AND SUPPORTS GENERAL REAL ESTATE AND PROPERTY MANAGEMENT FOR THE UNIVERSITY. IN ADDITION TO ANY MONETARY SUPPORT, THE FOUNDATION PROVIDES ACCESS TO THE FACILITIES UNDER LEASE AGREEMENTS, AND PAYS MANAGEMENT AND OTHER ANCILLARY SERVICE FEES TO THE UNIVERSITY. SEE SCHEDULE R.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION C, LINE 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SUPPLEMENTAL INFORMATION
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0false
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0546001788
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02470444
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LONGWOOD UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt02470444
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0120822133
IRS990ScheduleD/BuildingsGrp/DepreciationAmt028163918
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0148986051
IRS990ScheduleD/EquipmentGrp/BookValueAmt02002163
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03455961
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05458124
IRS990ScheduleD/ExpensesNotReportedAmt0351931
IRS990ScheduleD/ExpensesSubtotalAmt021274244
IRS990ScheduleD/LandGrp/BookValueAmt017129278
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt017129278
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt062598762
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12622935
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2758735
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt383359
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt446850
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS AND RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM LONGWOOD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3INTEREST DERIVATIVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER RECEIVABLE
IRS990ScheduleD/OtherExpensesIncludedAmt0351931
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt025718592
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05892264
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt031610856
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04967341
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-3474059
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BOND DISCOUNT & PREMIUM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LOAN COSTS
IRS990ScheduleD/OtherRevenueAmt02341957
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-351931
IRS990ScheduleD/RevenueNotReportedAmt02341957
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-351931
IRS990ScheduleD/RevenueSubtotalAmt022565094
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNREALIZED GAIN/LOSS ON SWAP 2,341,957
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSE OFFSETTING INCOME -351,931
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 351,931
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0165672166
IRS990ScheduleD/TotalBookValueOtherAssetsAmt066110641
IRS990ScheduleD/TotalExpensesPerForm990Amt021274244
IRS990ScheduleD/TotalLiabilityAmt01505511
IRS990ScheduleD/TotalRevenuePerForm990Amt022213163
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt024907051
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt021626175

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$243,760,552
Liabilities
$258,422,789
Net assets
-$14,662,237
Revenue
$22,213,163
Expenses
$21,274,244
Net income
$938,919
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$298$335$36.5$35.1$38.6$3.45
2023Detailed filing. Detailed filing data is available for this year.$301$335$33.6$29.6$36.6$7.00
2022Detailed filing. Detailed filing data is available for this year.$314$341$26.6$26.2$32.3$6.09
2021Detailed filing. Detailed filing data is available for this year.$322$343$20.5$31.9$30.4$1.47
2020Detailed filing. Detailed filing data is available for this year.$272$294$22.0$29.6$26.6$3.07
2019Detailed filing. Detailed filing data is available for this year.$244$258$14.7$22.2$21.3$0.94
2018Detailed filing. Detailed filing data is available for this year.$351$369$17.9$15.6$16.1$0.52
2017Detailed filing. Detailed filing data is available for this year.$220$235$15.9$12.6$13.1$0.56
2016Detailed filing. Detailed filing data is available for this year.$131$151$20.1$11.6$11.4$0.20
2015Detailed filing. Detailed filing data is available for this year.$117$135$18.0$9.07$11.0$1.94
2014Detailed filing. Detailed filing data is available for this year.$93.0$109$16.2$10.2$11.8$1.55
2013Detailed filing. Detailed filing data is available for this year.$93.6$105$11.8$7.73$8.63$0.90
2012Summary only. Only limited summary data is available for this year.$73.8$89.6$15.7$6.06$8.53$2.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.4$66.0$13.7$6.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.9$58.4$7.56$6.44