Civic Intelligence

Athletics Foundation of Norfolk State University Inc.

990 • Fiscal year 2016 • EIN 52-1228618

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 10, 2017

Organization ProfileN/A
700 Park AvenueNorfolk, VA 23504-8000

(757) 823-8116

Siviq Scores

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

Liabilities / Assets

86th percentile

0.31x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

0.24x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

26th percentile

-7.7%

Higher net margin than 26% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

39th percentile

-2.9%

Faster asset growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-31%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$259,955

Down $7,717 (-2.9%) from 2015

Net Assets

Down

$179,792

Down $19,358 (-9.7%) from 2015

Liabilities

Up

$80,163

Up $11,641 (+17%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin26th percentile

Revenue

Down

$334,144

Down $148,021 (-31%) from 2015

Expenses

Down

$359,892

Down $55,526 (-13%) from 2015

Net Income

Down

-$25,748

Down $92,495 (-139%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$300K$200K$100K$0Assets 2010: $252,014Liabilities 2010: $35,601Net Assets 2010: $216,4132010Assets 2011: $252,890Liabilities 2011: $27,790Net Assets 2011: $225,1002011Assets 2012: $197,125Liabilities 2012: $49,342Net Assets 2012: $147,7832012Assets 2013: $216,206Liabilities 2013: $38,618Net Assets 2013: $177,5882013Assets 2014: $179,601Liabilities 2014: $44,810Net Assets 2014: $134,7912014Assets 2015: $267,672Liabilities 2015: $68,522Net Assets 2015: $199,1502015Assets 2016: $259,955Liabilities 2016: $80,163Net Assets 2016: $179,7922016Assets 2017: $214,065Liabilities 2017: $85,024Net Assets 2017: $129,0412017Assets 2018: $179,598Liabilities 2018: $105,871Net Assets 2018: $73,7272018Assets 2019: $147,974Liabilities 2019: $50,836Net Assets 2019: $97,1382019Assets 2020: $164,760Liabilities 2020: $51,959Net Assets 2020: $112,8012020Assets 2021: $192,418Liabilities 2021: $81,726Net Assets 2021: $110,6922021Assets 2022: $269,608Liabilities 2022: $68,837Net Assets 2022: $200,7712022

Highlighted filing

2016

Assets$259,955
Liabilities$80,163
Net Assets$179,792
Open 2016 Filing

Operations Trend

Revenue Growth17th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $550,7002010Revenue 2011: $513,730Expenses 2011: $517,228Net Income 2011: -$3,4982011Revenue 2012: $495,279Expenses 2012: $579,721Net Income 2012: -$84,4422012Expenses 2013: $497,8272013Revenue 2014: $488,013Expenses 2014: $530,525Net Income 2014: -$42,5122014Revenue 2015: $482,165Expenses 2015: $415,418Net Income 2015: $66,7472015Revenue 2016: $334,144Expenses 2016: $359,892Net Income 2016: -$25,7482016Revenue 2017: $441,322Expenses 2017: $500,565Net Income 2017: -$59,2432017Revenue 2018: $406,299Expenses 2018: $470,613Net Income 2018: -$64,3142018Revenue 2019: $410,299Expenses 2019: $377,888Net Income 2019: $32,4112019Revenue 2020: $429,575Expenses 2020: $413,912Net Income 2020: $15,6632020Revenue 2021: $180,135Expenses 2021: $182,244Net Income 2021: -$2,1092021Revenue 2022: $518,263Expenses 2022: $428,184Net Income 2022: $90,0792022

Highlighted filing

2016

Revenue$334,144
Expenses$359,892
Net Income-$25,748
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 10, 2017
Return Version
2015v3.0
Gross Receipts
$465,711
Mission and Program Overview

Mission

To raise funds and receive gifts for the benefit, scholarship, and education of students attending norfolk state university (nsu) and participating in an athletic program of nsu.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$109,483$110,175▲ $692
Cash and Non-Interest-Bearing Accounts$86,776$77,827▼ $8,949
Land, Buildings, and Equipment, Net$66,853$71,953▲ $5,100
Accounts Receivable$4,560--
Total Assets$267,672$259,955▼ $7,717
Liabilities
Deferred Revenue$43,188$60,265▲ $17,077
Accounts Payable and Accrued Expenses$25,334$19,898▼ $5,436
Total Liabilities$68,522$80,163▲ $11,641
Net Assets / Fund Balance
Temporarily Rstr Net Assets$96,450$73,379▼ $23,071
Unrestricted Net Assets$52,700$56,413▲ $3,713
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$199,150$179,792▼ $19,358
Total Liabilities and Net Assets / Fund Balance$267,672$259,955▼ $7,717

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$71,953$52,185$124,138

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$50,000-▲ $143-$50,000
2014$50,000-▲ $143-$50,000
2013$50,000-▲ $98-$50,000
2012$50,000-▲ $468-$50,000
2011$50,000-▲ $408-$50,000
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Brenda BettsPresident
Curtis HurdleBoard Member
Joyce DanielsBoard Member
Langston PowellBoard Member
Marty MillerBoard Member
Michael K BrownBoard Member
Zachary RogersBoard Member
Frances StewardExecutive Director
Cliff ReidSecretary
Alfred StewardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$162,518
Program Service Revenue
$213,821
Investment Income
$3,734
Other Revenue
$-45,929
All Other Contributions
$162,518
Change in Net Assets
$-25,748

Audited Revenue Reconciliation

Revenue per Audited Statements
$334,144
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$6,390
Total Revenue per Audited Statements
$340,534
Total Revenue per Form 990
$334,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$315,444
Salaries, Compensation, and Employee Benefits$22,962
Grants and Similar Amounts Paid$21,486
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$50,264--$50,264
Other Expenses$22,608$4,038-$26,646
All Other Expenses$19,140$4,503-$23,643
Other Salaries and Wages-$22,962-$22,962
Travel$20,963$1,300-$22,263
Grants to Domestic Orgs$21,486--$21,486
Depreciation Depletion$14,255$29-$14,284
Fees for Services Accounting-$11,228-$11,228
Office Expenses-$1,953-$1,953
Insurance$1,059--$1,059
Total Functional Expenses$313,879$46,013$0$359,892

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$359,892
Total Expenses per Audited Statements$359,892
Total Expenses per Form 990$359,892
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$21,486
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$131,567
Fundraising Gross Income$85,638
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Baseball Team Golf Tournament$23,033$23,033-$23,033
Football Team Golf Tournament$17,420$17,420-$17,420
Total Events$85,638$85,638$131,567$-45,929
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The executive director 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 C, Line 19

“The only group that receives the financial statements is norfolk state university (nsu). 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 directly to the public, unless requested.”

Filing and Contact Details

Filer

Filer Name
The Athletics Foundation of
EIN
52-1228618
Phone
7578238116
Address
700 PARK AVENUE, NORFOLK, VA 23504-8000

Signing Officer

Name
Frances Steward
Title
Executive Director
Phone
7578239104
Signed
2017-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frances Steward
Formed
1980
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
25

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:

“There has been no change from the prior year for the oversight process or the selection process.”

Financial Statement Notes

PART V, LINE 4:

“The permanently restricted endowment fund consists of the rose alexander scholarship endowment where the interest earned is restricted for the use of athletic scholarships.”

Raw XML AppendixShowing 400 of 532 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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2400
IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPORT FOR VARIOUS ATHLETIC PROGRAMS AT NORFOLK STATE UNIVERSITY
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0292393
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0213421
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0160542
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt019510
IRS990/PYInvestmentIncomeAmt03856
IRS990/PYOtherExpensesAmt0369920
IRS990/PYOtherRevenueAmt037240
IRS990/PYProgramServiceRevenueAmt0280527
IRS990/PYRevenuesLessExpensesAmt066747
IRS990/PYSalariesCompEmpBnftPaidAmt025988
IRS990/PYTotalExpensesAmt0415418
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0482165
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-25748
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0162518
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0160542
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt086336
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0106164
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0105211
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0620771
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03734
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03856
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07493
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07925
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08574
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt031582
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0213421
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0280527
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0349171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0401350
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0351204
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01595673
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03734
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03856
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07493
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07925
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08574
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt031582
IRS990ScheduleA/InvestmentIncomeCYPct00.01400
IRS990ScheduleA/InvestmentIncomePYPct00.01590
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98600
IRS990ScheduleA/PublicSupportPY509Pct00.91700
IRS990ScheduleA/PublicSupportTotal509Amt02216444
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0375939
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0441069
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0435507
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0507514
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0456415
IRS990ScheduleA/Total509Grp/TotalAmt02216444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0379673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0444925
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0443000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0515439
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0464989
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02248026
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/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-143
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0143
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-143
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0143
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-98
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt098
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-468
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0468
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-408
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0408
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt071953
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052185
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0124138
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0359892
IRS990ScheduleD/NetUnrealizedGainsInvstAmt06390
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt06390
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0334144
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PERMANENTLY RESTRICTED ENDOWMENT FUND CONSISTS OF THE ROSE ALEXANDER SCHOLARSHIP ENDOWMENT WHERE THE INTEREST EARNED IS RESTRICTED FOR THE USE OF ATHLETIC SCHOLARSHIPS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt071953
IRS990ScheduleD/TotalExpensesPerForm990Amt0359892
IRS990ScheduleD/TotalRevenuePerForm990Amt0334144
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0340534
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0359892
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0131567
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BASEBALL TEAM GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FOOTBALL TEAM GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt040022
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt019717
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt071828
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0131567
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023033
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt017420
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt045185
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt085638
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023033
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt017420
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt045185
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt085638
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-45929
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt05
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt021486
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NORFOLK STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0546002808
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0700 PARK AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NORFOLK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023504
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PROVIDES SCHOLARSHIPS TO NORFOLK STATE UNIVERSITY. THE ELIGIBILITY CRITERIA IS DETERMINED BY NORFOLK STATE UNIVERSITY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$259,955
Liabilities
$80,163
Net assets
$179,792
Revenue
$334,144
Expenses
$359,892
Net income
-$25,748
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$2.70$0.69$2.01$5.18$4.28$0.90
2021Detailed filing. Detailed filing data is available for this year.$1.92$0.82$1.11$1.80$1.82$0.02
2020Summary only. Only limited summary data is available for this year.$1.65$0.52$1.13$4.30$4.14$0.16
2019Summary only. Only limited summary data is available for this year.$1.48$0.51$0.97$4.10$3.78$0.32
2018Summary only. Only limited summary data is available for this year.$1.80$1.06$0.74$4.06$4.71$0.64
2017Detailed filing. Detailed filing data is available for this year.$2.14$0.85$1.29$4.41$5.01$0.59
2016Detailed filing. Detailed filing data is available for this year.$2.60$0.80$1.80$3.34$3.60$0.26
2015Detailed filing. Detailed filing data is available for this year.$2.68$0.69$1.99$4.82$4.15$0.67
2014Detailed filing. Detailed filing data is available for this year.$1.80$0.45$1.35$4.88$5.31$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.39$1.78$4.98
2012Summary only. Only limited summary data is available for this year.$1.97$0.49$1.48$4.95$5.80$0.84
2011Summary only. Only limited summary data is available for this year.$2.53$0.28$2.25$5.14$5.17$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.36$2.16$5.51