Civic Intelligence

Longwood University Real Estate Foundation

990 • Fiscal year 2022 • EIN 20-1612906

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

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

95th percentile

1.08x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

12.99x

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

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Net Margin

8th percentile

-23%

Higher net margin than 8% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

4th percentile

$107,605

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Asset Growth

53rd percentile

-2.6%

Faster asset growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-18%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$314,213,989

Down $8,224,407 (-2.6%) from 2021

Net Assets

Down

-$26,587,966

Down $6,090,225 (-30%) from 2021

Liabilities

Down

$340,801,955

Down $2,134,182 (-0.6%) from 2021

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin8th percentile

Revenue

Down

$26,239,174

Down $5,671,833 (-18%) from 2021

Expenses

Up

$32,329,399

Up $1,889,365 (+6.2%) from 2021

Net Income

Down

-$6,090,225

Down $7,561,198 (-514%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2022

Assets$314,213,989
Liabilities$340,801,955
Net Assets-$26,587,966
Open 2022 Filing

Operations Trend

Revenue Growth13th 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

2022

Revenue$26,239,174
Expenses$32,329,399
Net Income-$6,090,225
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$28,442,525
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$195,503,246$213,095,554▲ $17,592,308
Cash and Non-Interest-Bearing Accounts$13,366,011$12,534,699▼ $831,312
Other Notes and Loans Receivable, Net$132,650--
Prepaid Expenses and Deferred Charges$140,536$117,664▼ $22,872
Total Assets$322,438,396$314,213,989▼ $8,224,407
Other Assets Total$113,295,953$88,466,072▼ $24,829,881
Liabilities
Tax Exempt Bond Liabilities$292,435,000$292,435,000→ $0
Mortgage Notes Payable Secured by Investment Property$36,332,692$33,283,180▼ $3,049,512
Accounts Payable and Accrued Expenses$10,986,143$11,797,922▲ $811,779
Other Liabilities$2,208,487$2,164,880▼ $43,607
Unsecured Notes Loans Payable$973,815$1,120,973▲ $147,158
Total Liabilities$342,936,137$340,801,955▼ $2,134,182
Net Assets / Fund Balance
Net Assets With Donor Restrictions$16,615,562$16,377,515▼ $238,047
Net Assets Without Donor Restrictions$-37,113,303$-42,965,481▼ $5,852,178
Total Net Assets Fund Balance$-20,497,741$-26,587,966▼ $6,090,225
Total Liabilities and Net Assets / Fund Balance$322,438,396$314,213,989▼ $8,224,407

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$146,058,573$44,459,930$190,518,503
Other Land Buildings$48,411,066$8,090,784$56,501,850
Land$16,879,279-$16,879,279
Equipment$1,746,636$4,720,294$6,466,930
Other Assets Org$1,171,595--
Compensation and Service Providers
Top Officer Pay4th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Louise W WallerExecutive DiFT$107,605$107,605
Lori BlackwoodExecutive DiFT$15,607$15,607

Board Members and Trustees

NameTitle
John W Daniel IiPresident
Cameron PattersonDirector
Courtney HodgesDirector
Debbie D EppersonDirector
E Duffy MyrtetusDirector
Gregory F Fawcett IiDirector
Hunter WatsonDirector
Lucia Anna Pia TrigianiDirector
Matt McgregorDirector
Sherry SwinsonDirector
Troy S AustinDirector
W Taylor Reveley IvDirector
William FiegeDirector
Sherri MooreSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$687,632
Program Service Revenue
$24,714,768
Investment Income
$794,528
Other Revenue
$42,246
All Other Contributions
$687,632
Change in Net Assets
$-6,090,225

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,578,162
Revenue Not Reported on Financial Statements
$-338,988
Other Revenue Adjustments
$-338,988
Total Revenue per Audited Statements
$26,578,162
Total Revenue per Form 990
$26,239,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,984,402
Grants and Similar Amounts Paid$2,030,000
Salaries, Compensation, and Employee Benefits$314,997
Total Fundraising Expense$22,871
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$13,312,334--$13,312,334
Depreciation Depletion$6,988,497--$6,988,497
Occupancy$5,826,335--$5,826,335
Grants to Domestic Orgs$2,030,000--$2,030,000
Insurance$526,333$7,416-$533,749
Fees for Services Other$92,176$191,036$1,260$284,472
Other Salaries and Wages$104,064$41,521$21,359$166,944
Current Officers, Directors, Trustees, and Key Employees$97,149$12,181-$109,330
Fees for Services Accounting-$66,905-$66,905
Office Expenses-$66,584-$66,584
Other Expenses$52,899--$52,899
All Other Expenses$41,750--$41,750
Other Employee Benefits$11,345$19,172$252$30,769
Fees for Services Legal$21,791$1,500-$23,291
Payroll Taxes$7,954--$7,954
Total Functional Expenses$31,900,213$406,315$22,871$32,329,399

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$32,668,387
Expenses per Audited Statements$32,329,399
Total Expenses per Form 990$32,329,399
Expenses Not Reported on Form 990$338,988
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Longwood UniversityFarmville, VAGovGeneral Support$2,000,000
Prince Edward Co Vol Rescue SquadFarmville, VA501c3General Operations$30,000
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$8,902,104
Loan Costs$-6,737,224

Bond Issues

BondIssuerIssuedIssue PricePurpose
BIda of Town of Farmville Va 2020a2020-06-25$121,625,000The refunding of series 2017 bonds, acquisition of leasehold interest, and refinancing of debt.
AIda of Town of Farmville Va 2018a2018-12-20$120,910,000To refund series 2015 bonds, finance any reserves, and pay cost of issuance required under the 2018
CIda of Town of Farmville Va 20212021-03-29$49,900,000Financing the construction and equipping of a multipurpose special events and convocation center fac

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----
C----

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
No
Exception to rebate
No
Corrective action procedures
Yes
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
Lori Blackwood
Title
Executive Director
Phone
4343952086
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Blackwood
Formed
2004
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
8
Employees
11

Preparer

Firm
J Brocklehurst CPA Pllc
Address
3900 WESTERRE PARKWAY SUITE 300, RICHMOND, VA 23233
Preparer
Janet L Brocklehurst
Phone
8047290023
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Rental expense offsetting income 338,988 rental expenses -338,988”

Financial Statement Notes

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

“Rental expense offsetting income -338,988”

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

“RENTAL EXPENSES 338,988”

Raw XML AppendixShowing 400 of 726 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/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
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IRS990/Form990TFiledInd0true
IRS990/FormationYr02004
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IRS990/GamingActivitiesInd0false
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02030000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02030000
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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02009980
IRS990/GrossReceiptsAmt028442525
IRS990/GrossRentsGrp/RealAmt0381234
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt07416
IRS990/InsuranceGrp/ProgramServicesAmt0526333
IRS990/InsuranceGrp/TotalAmt0533749
IRS990/InterestGrp/ProgramServicesAmt013312334
IRS990/InterestGrp/TotalAmt013312334
IRS990/InvestmentIncomeGrp/ExclusionAmt0648911
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0648911
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt042
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0195503246
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0213095554
IRS990/LandBldgEquipCostOrOtherBssAmt0270366562
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IRS990/LessRentalExpensesGrp/RealAmt0338988
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IRS990/LobbyingActivitiesInd0false
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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.
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt033283180
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IRS990/NetAssetsOrFundBalancesEOYAmt0-26587966
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0145617
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0145617
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt042246
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt042246
IRS990/NetUnrelatedBusTxblIncmAmt014064
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-37113303
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-42965481
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt05826335
IRS990/OccupancyGrp/TotalAmt05826335
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt066584
IRS990/OfficeExpensesGrp/TotalAmt066584
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0113295953
IRS990/OtherAssetsTotalGrp/EOYAmt088466072
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0252
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019172
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011345
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030769
IRS990/OtherExpensesGrp/Desc0DESIGN & OTHER PROP COSTS
IRS990/OtherExpensesGrp/Desc1FACILITY MANAGEMENT COSTS
IRS990/OtherExpensesGrp/Desc2MITIGATION BANK COSTS
IRS990/OtherExpensesGrp/Desc3OTHER PROGRAM EXP
IRS990/OtherExpensesGrp/ProgramServicesAmt01559375
IRS990/OtherExpensesGrp/ProgramServicesAmt11140935
IRS990/OtherExpensesGrp/ProgramServicesAmt287276
IRS990/OtherExpensesGrp/ProgramServicesAmt352899
IRS990/OtherExpensesGrp/TotalAmt01559375
IRS990/OtherExpensesGrp/TotalAmt11140935
IRS990/OtherExpensesGrp/TotalAmt287276
IRS990/OtherExpensesGrp/TotalAmt352899
IRS990/OtherLiabilitiesGrp/BOYAmt02208487
IRS990/OtherLiabilitiesGrp/EOYAmt02164880
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt021359
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt041521
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0104064
IRS990/OtherSalariesAndWagesGrp/TotalAmt0166944
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0132650
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt07954
IRS990/PayrollTaxesGrp/TotalAmt07954
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0140536
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0117664
IRS990/PrincipalOfficerNm0LORI BLACKWOOD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531190
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2PARKING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023512912
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11076962
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2124894
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023512912
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11076962
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2124894
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06533686
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01531500
IRS990/PYInvestmentIncomeAmt034305
IRS990/PYOtherExpensesAmt028560293
IRS990/PYOtherRevenueAmt044841
IRS990/PYProgramServiceRevenueAmt025298175
IRS990/PYRevenuesLessExpensesAmt01470973
IRS990/PYSalariesCompEmpBnftPaidAmt0348241
IRS990/PYTotalExpensesAmt030440034
IRS990/PYTotalRevenueAmt031911007
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-6090225
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt042246
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt024714768
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
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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02000000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LONGWOOD UNIVERSITY
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IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt02000000
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/BookValueAmt0146058573
IRS990ScheduleD/BuildingsGrp/DepreciationAmt044459930
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0190518503
IRS990ScheduleD/EquipmentGrp/BookValueAmt01746636
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04720294
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06466930
IRS990ScheduleD/ExpensesNotReportedAmt0338988
IRS990ScheduleD/ExpensesSubtotalAmt032329399
IRS990ScheduleD/LandGrp/BookValueAmt016879279
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt016879279
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt057929671
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt121554623
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt27810183
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31171595
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS AND RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT OF USE ASSET - LAND LEASE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM LONGWOOD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER RECEIVABLE
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08090784
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt056501850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08902104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-6737224
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BOND DISCOUNT & PREMIUM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN COSTS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-338988
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-338988

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$314,213,989
Liabilities
$340,801,955
Net assets
-$26,587,966
Revenue
$26,239,174
Expenses
$32,329,399
Net income
-$6,090,225
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