Civic Intelligence

Norfolk State University Foundation Inc and Subsidiary

990 • Fiscal year 2017 • EIN 23-7235954

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

Organization ProfileN/A
700 Park AvenueNorfolk, VA 23504

(757) 823-2928

Siviq Scores

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

Liabilities / Assets

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

11th percentile

0.04x

Higher debt load relative to revenue than 11% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

9th percentile

$75,649

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

81st percentile

16%

Faster asset growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

76%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$34,699,628

Up $4,830,630 (+16%) from 2016

Net Assets

Up

$34,487,331

Up $5,053,956 (+17%) from 2016

Liabilities

Down

$212,297

Down $223,326 (-51%) from 2016

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin84th percentile

Revenue

Up

$4,800,095

Up $2,071,376 (+76%) from 2016

Expenses

Up

$3,415,140

Up $475,235 (+16%) from 2016

Net Income

Up

$1,384,955

Up $1,596,141 (+756%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$150M$100M$50M$0Assets 2010: $20,552,161Liabilities 2010: $87,292Net Assets 2010: $20,464,8692010Assets 2011: $23,107,066Liabilities 2011: $137,483Net Assets 2011: $22,969,5832011Assets 2012: $22,687,650Liabilities 2012: $247,763Net Assets 2012: $22,439,8872012Assets 2013: $24,645,183Liabilities 2013: $230,471Net Assets 2013: $24,414,7122013Assets 2014: $28,320,598Liabilities 2014: $238,797Net Assets 2014: $28,081,8012014Assets 2015: $28,834,196Liabilities 2015: $367,373Net Assets 2015: $28,466,8232015Assets 2016: $29,868,998Liabilities 2016: $435,623Net Assets 2016: $29,433,3752016Assets 2017: $34,699,628Liabilities 2017: $212,297Net Assets 2017: $34,487,3312017Assets 2018: $34,944,696Liabilities 2018: $223,165Net Assets 2018: $34,721,5312018Assets 2019: $41,024,994Liabilities 2019: $146,887Net Assets 2019: $40,878,1072019Assets 2020: $87,786,511Liabilities 2020: $142,286Net Assets 2020: $87,644,2252020Assets 2021: $104,193,941Liabilities 2021: $227,409Net Assets 2021: $103,966,5322021Assets 2022: $98,346,627Liabilities 2022: $317,849Net Assets 2022: $98,028,7782022Assets 2023: $109,807,709Liabilities 2023: $589,928Net Assets 2023: $109,217,7812023Assets 2024: $121,069,562Liabilities 2024: $148,836Net Assets 2024: $120,920,7262024

Highlighted filing

2017

Assets$34,699,628
Liabilities$212,297
Net Assets$34,487,331
Open 2017 Filing

Operations Trend

Revenue Growth91st percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $2,208,1262010Expenses 2011: $2,491,0902011Expenses 2012: $2,027,2262012Expenses 2013: $2,576,2922013Revenue 2014: $2,170,278Expenses 2014: $2,047,949Net Income 2014: $122,3292014Revenue 2015: $2,941,989Expenses 2015: $2,957,649Net Income 2015: -$15,6602015Revenue 2016: $2,728,719Expenses 2016: $2,939,905Net Income 2016: -$211,1862016Revenue 2017: $4,800,095Expenses 2017: $3,415,140Net Income 2017: $1,384,9552017Revenue 2018: $5,215,617Expenses 2018: $3,050,775Net Income 2018: $2,164,8422018Revenue 2019: $4,354,230Expenses 2019: $4,031,751Net Income 2019: $322,4792019Revenue 2020: $46,443,476Expenses 2020: $3,017,960Net Income 2020: $43,425,5162020Revenue 2021: $9,651,381Expenses 2021: $3,680,399Net Income 2021: $5,970,9822021Revenue 2022: $8,996,683Expenses 2022: $4,031,735Net Income 2022: $4,964,9482022Revenue 2023: $7,829,626Expenses 2023: $6,593,800Net Income 2023: $1,235,8262023Revenue 2024: $13,370,289Expenses 2024: $7,063,095Net Income 2024: $6,307,1942024

Highlighted filing

2017

Revenue$4,800,095
Expenses$3,415,140
Net Income$1,384,955
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$5,417,691
Mission and Program Overview

Mission

To provide financial support to norfolk state university.

The foundation provides financial support to norfolk state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$27,421,847$30,883,086▲ $3,461,239
Cash and Non-Interest-Bearing Accounts$783,569$1,457,398▲ $673,829
Pledges and Grants Receivable$1,021,794$901,458▼ $120,336
Accounts Receivable-$797,120-
Land, Buildings, and Equipment, Net$238,532$274,034▲ $35,502
Investments Other Securities$184,854$169,003▼ $15,851
Total Assets$29,868,998$34,699,628▲ $4,830,630
Other Assets Total$218,402$217,529▼ $873
Liabilities
Other Liabilities$132,116$110,065▼ $22,051
Accounts Payable and Accrued Expenses$301,014$102,232▼ $198,782
Grants Payable$2,493--
Total Liabilities$435,623$212,297▼ $223,326
Net Assets / Fund Balance
Temporarily Rstr Net Assets$17,974,044$20,612,486▲ $2,638,442
Permanently Rstr Net Assets$2,984,917$9,523,194▲ $6,538,277
Unrestricted Net Assets$8,474,414$4,351,651▼ $4,122,763
Total Net Assets Fund Balance$29,433,375$34,487,331▲ $5,053,956
Total Liabilities and Net Assets / Fund Balance$29,868,998$34,699,628▲ $4,830,630

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$249,724$702,103$951,827
Land$24,310-$24,310

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$19,493,109$2,005,380▲ $3,808,392$552,133$24,754,748
2016$21,603,541$578,829▲ $1,640,469$4,329,730$19,493,109
2015$22,013,805$569,336▼ $143,031$836,569$21,603,541
2014$20,512,966$834,622▲ $654,846$11,371$22,013,805
2013$17,083,666$166,096▲ $3,605,502$-342,298$20,512,966
Compensation and Service Providers
Top Officer Pay9th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelvin W ArthurFoundation ManagerFT$17,804$57,845$75,649

Board Members and Trustees

NameTitle
Lamont D MaddoxArticles, Bylaws and Insurance Committee Chair
Charles T SaundersAudit Committee Chair
James B Spurlock JrCommitte on Directors Interim Chair
Sean E NearyInvestment Sub-committe Chair
Rev Keith I JonesScholarship Committee Chair
William a BagbyImmediate Past President
Lajuana Collins-morgan MdPresident
Brenda AndrewsVice President
Allen R Jones JrDirector
Anthony WaltersDirector
Brian D CuffeeDirector
Byron D Cherry SrDirector
Carla BaileyDirector
Cassandra Newby-alexanderDirector
David P TaylorDirector
Dr Charlette FairchildDirector
Edward W BullockDirector
Fred D ThompsonDirector
Herman D ClarkDirector
Herman Smith IiiDirector
James HarrisDirector
James W Whitehead JrDirector
James a PetersonDirector
Joan G WilmerDirector
Leonard W JonesDirector
Patricia L Stith PhdDirector
Tamara a Jones MdDirector
Thomas B Leecost Md Dpm MphDirector
Willie L BrownDirector
Yvonne T AllmondDirector
David R Kenerson JrAssistant Treasurer
Jimmie D WilsonSecretary
Travis L Ames SrTreasurer and Finance and Investment Committee
Revenue and Support

Revenue Composition

Contributions and Grants
$4,250,462
Program Service Revenue
$0
Investment Income
$549,633
Other Revenue
$0
All Other Contributions
$4,250,462
Change in Net Assets
$1,384,955

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,800,095
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,669,001
Total Revenue per Audited Statements
$8,469,096
Total Revenue per Form 990
$4,800,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,933,982
Other Expenses$1,393,263
Total Fundraising Expense$181,083
Salaries, Compensation, and Employee Benefits$87,895
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,933,982--$1,933,982
All Other Expenses$29,565$51,333$57,398$138,296
Other Expenses$146,897$88,056$109,283$88,056
Fees for Service Investment Mgmnt Fees-$76,163-$76,163
Travel$58,507$15,911-$74,418
Conferences and Meetings$30,796$27,765-$58,561
Fees for Services Other$46,374$6,301$5,500$58,175
Other Salaries and Wages$19,830$37,753-$57,583
Insurance$33,461$19,235-$52,696
Fees for Services Management-$31,925-$31,925
Depreciation Depletion-$25,569-$25,569
Current Officers, Directors, Trustees, and Key Employees-$8,902$8,902$17,804
Payroll Taxes-$11,670-$11,670
Occupancy-$10,000-$10,000
Fees for Services Legal$1,535$157-$1,692
Advertising$1,100$250-$1,350
Other Employee Benefits-$838-$838
Total Functional Expenses$2,667,653$566,404$181,083$3,415,140

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,415,140
Total Expenses per Audited Statements$3,415,140
Total Expenses per Form 990$3,415,140
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Norfolk State UniversityNorfolk, VA115Scholarships and University Support$1,933,982
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
Split-interest Agreement Liability$110,065
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

“The manager and fiscal officer will review the 990 together. The foundation's finance and audit committee will be presented with the 990 by the foundation staff. After review of the tax return, the cpa auditor will be provided a statement indicating that each of the groups have reviewed the 990.”

Form 990, Part VI, Section B, Line 12C

“The board of directors is required to complete and sign a conflict of interest form on an annual basis. The responses of this form are monitored for any conflicts.”

Form 990, Part VI, Section C, Line 19

“The only group that receives the financial statements is norfolk state university. The university then provides the financial statements to the state of virginia for nsu's auditing purposes. Other than the audited financial statements given to nsu, the foundation does not provide information to the public, unless requested.”

Filing and Contact Details

Filer

Filer Name
Norfolk State University Foundation Inc
EIN
23-7235954
Phone
7578232928
Address
700 PARK AVENUE, NORFOLK, VA 23504

Signing Officer

Name
Kelvin W Arthur
Title
Manager
Phone
7578232928
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelvin W Arthur
Formed
1971
Legal Domicile
Va
Voting Board Members
34
Independent Board Members
33
Employees
3
Volunteers
40

Preparer

Firm
Dixon Hughes Goodman Llp
Address
440 MONTICELLO AVE SUITE 1400, NORFOLK, VA 23451
Preparer
Caron E Crouse
Phone
7576245100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The oversight and selection processes are the same as in prior years.”

Financial Statement Notes

PART III, LINE 4:

“The foundation maintains african art collections for the harrison b. Wilson archives. This artwork is on display for the students who attend norfolk state university.”

PART V, LINE 4:

“Endowment funds are restricted primarily for scholarships to students of norfolk state university.”

Raw XML AppendixShowing 400 of 710 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/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt300
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt320
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt330
IRS990/Form990PartVIISectionAGrp/PersonNm0YVONNE T ALLMOND
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM A BAGBY
IRS990/Form990PartVIISectionAGrp/PersonNm2WILLIE L BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm3HERMAN D CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm4LAJUANA COLLINS-MORGAN MD
IRS990/Form990PartVIISectionAGrp/PersonNm5BYRON D CHERRY SR
IRS990/Form990PartVIISectionAGrp/PersonNm6BRIAN D CUFFEE
IRS990/Form990PartVIISectionAGrp/PersonNm7ALLEN R JONES JR
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID R KENERSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm9SEAN E NEARY
IRS990/Form990PartVIISectionAGrp/PersonNm10DR CHARLETTE FAIRCHILD
IRS990/Form990PartVIISectionAGrp/PersonNm11EDWARD W BULLOCK
IRS990/Form990PartVIISectionAGrp/PersonNm12JAMES B SPURLOCK JR
IRS990/Form990PartVIISectionAGrp/PersonNm13CHARLES T SAUNDERS
IRS990/Form990PartVIISectionAGrp/PersonNm14KELVIN W ARTHUR
IRS990/Form990PartVIISectionAGrp/PersonNm15JAMES A PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm16JAMES W WHITEHEAD JR
IRS990/Form990PartVIISectionAGrp/PersonNm17TRAVIS L AMES SR
IRS990/Form990PartVIISectionAGrp/PersonNm18LEONARD W JONES
IRS990/Form990PartVIISectionAGrp/PersonNm19JIMMIE D WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm20FRED D THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm21PATRICIA L STITH PHD
IRS990/Form990PartVIISectionAGrp/PersonNm22BRENDA ANDREWS
IRS990/Form990PartVIISectionAGrp/PersonNm23HERMAN SMITH III
IRS990/Form990PartVIISectionAGrp/PersonNm24JAMES HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm25TAMARA A JONES MD
IRS990/Form990PartVIISectionAGrp/PersonNm26THOMAS B LEECOST MD DPM MPH
IRS990/Form990PartVIISectionAGrp/PersonNm27LAMONT D MADDOX
IRS990/Form990PartVIISectionAGrp/PersonNm28DAVID P TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm29CARLA BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm30CASSANDRA NEWBY-ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm31ANTHONY WALTERS
IRS990/Form990PartVIISectionAGrp/PersonNm32JOAN G WILMER
IRS990/Form990PartVIISectionAGrp/PersonNm33REV KEITH I JONES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1417804
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1457845
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt330
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9INVESTMENT SUB-COMMITTE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12COMMITTE ON DIRECTORS INTERIM CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13AUDIT COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14FOUNDATION MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER AND FINANCE AND INVESTMENT COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27ARTICLES, BYLAWS AND INSURANCE COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33SCHOLARSHIP COMMITTEE CHAIR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01971
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt032404
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt034
IRS990/GrantAmt01933982
IRS990/GrantsPayableGrp/BOYAmt02493
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01933982
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01933982
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0650000
IRS990/GrossReceiptsAmt05417691
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt033
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt019235
IRS990/InsuranceGrp/ProgramServicesAmt033461
IRS990/InsuranceGrp/TotalAmt052696
IRS990/InvestmentIncomeGrp/ExclusionAmt0517229
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0517229
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0184854
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0169003
IRS990/InvestmentsPubTradedSecGrp/BOYAmt027421847
IRS990/InvestmentsPubTradedSecGrp/EOYAmt030883086
IRS990/IRPDocumentCnt036
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0702103
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0238532
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0274034
IRS990/LandBldgEquipCostOrOtherBssAmt0976137
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0617596
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL SUPPORT TO NORFOLK STATE UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt029433375
IRS990/NetAssetsOrFundBalancesEOYAmt034487331
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt032404
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt032404
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03669001
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010000
IRS990/OccupancyGrp/TotalAmt010000
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,699,628
Liabilities
$212,297
Net assets
$34,487,331
Revenue
$4,800,095
Expenses
$3,415,140
Net income
$1,384,955
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$121$0.15$121$13.4$7.06$6.31
2023Detailed filing. Detailed filing data is available for this year.$110$0.59$109$7.83$6.59$1.24
2022Detailed filing. Detailed filing data is available for this year.$98.3$0.32$98.0$9.00$4.03$4.96
2021Detailed filing. Detailed filing data is available for this year.$104$0.23$104$9.65$3.68$5.97
2020Detailed filing. Detailed filing data is available for this year.$87.8$0.14$87.6$46.4$3.02$43.4
2019Detailed filing. Detailed filing data is available for this year.$41.0$0.15$40.9$4.35$4.03$0.32
2018Detailed filing. Detailed filing data is available for this year.$34.9$0.22$34.7$5.22$3.05$2.16
2017Detailed filing. Detailed filing data is available for this year.$34.7$0.21$34.5$4.80$3.42$1.38
2016Detailed filing. Detailed filing data is available for this year.$29.9$0.44$29.4$2.73$2.94$0.21
2015Detailed filing. Detailed filing data is available for this year.$28.8$0.37$28.5$2.94$2.96$0.02
2014Detailed filing. Detailed filing data is available for this year.$28.3$0.24$28.1$2.17$2.05$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.6$0.23$24.4$2.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$0.25$22.4$2.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$0.14$23.0$2.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$0.09$20.5$2.21