Civic Intelligence

Athletics Foundation of Norfolk State University Inc.

990 • Fiscal year 2017 • EIN 52-1228618

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

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

81st percentile

0.40x

Higher debt load relative to assets than 81% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.19x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

10th percentile

-18%

Faster asset growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

79th percentile

32%

Faster revenue growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$214,065

Down $45,890 (-18%) from 2016

Net Assets

Down

$129,041

Down $50,751 (-28%) from 2016

Liabilities

Up

$85,024

Up $4,861 (+6.1%) from 2016

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin17th percentile

Revenue

Up

$441,322

Up $107,178 (+32%) from 2016

Expenses

Up

$500,565

Up $140,673 (+39%) from 2016

Net Income

Down

-$59,243

Down $33,495 (-130%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2017

Assets$214,065
Liabilities$85,024
Net Assets$129,041
Open 2017 Filing

Operations Trend

Revenue Growth79th 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

2017

Revenue$441,322
Expenses$500,565
Net Income-$59,243
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$578,810
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
Cash and Non-Interest-Bearing Accounts$77,827$91,955▲ $14,128
Investments in Publicly Traded Securities$110,175$62,589▼ $47,586
Land, Buildings, and Equipment, Net$71,953$59,521▼ $12,432
Total Assets$259,955$214,065▼ $45,890
Liabilities
Deferred Revenue$60,265$43,430▼ $16,835
Accounts Payable and Accrued Expenses$19,898$41,594▲ $21,696
Total Liabilities$80,163$85,024▲ $4,861
Net Assets / Fund Balance
Temporarily Rstr Net Assets$73,379$77,446▲ $4,067
Permanently Rstr Net Assets$50,000$50,000→ $0
Unrestricted Net Assets$56,413$1,595▼ $54,818
Total Net Assets Fund Balance$179,792$129,041▼ $50,751
Total Liabilities and Net Assets / Fund Balance$259,955$214,065▼ $45,890

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$59,521$67,159$126,680

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$50,000-▲ $25$25$50,000
2015$50,000-▲ $143$143$50,000
2014$50,000-▲ $143$143$50,000
2013$50,000-▲ $98$98$50,000
2012$50,000-▲ $468$468$50,000
Compensation and Service Providers
Top Officer Pay49th 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
$168,447
Program Service Revenue
$262,840
Investment Income
$-11,083
Other Revenue
$21,118
All Other Contributions
$168,447
Change in Net Assets
$-59,243

Audited Revenue Reconciliation

Revenue per Audited Statements
$441,322
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$8,492
Total Revenue per Audited Statements
$449,814
Total Revenue per Form 990
$441,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$449,826
Salaries, Compensation, and Employee Benefits$48,832
Grants and Similar Amounts Paid$1,907
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$68,155--$68,155
All Other Expenses$38,468$15,349-$53,817
Other Salaries and Wages-$48,832-$48,832
Fees for Services Accounting-$23,400-$23,400
Travel$20,291$1,242-$21,533
Advertising$17,859$600-$18,459
Depreciation Depletion$14,628$346-$14,974
Insurance$3,108--$3,108
Grants to Domestic Orgs$1,907--$1,907
Office Expenses-$734-$734
Total Functional Expenses$410,062$90,503$0$500,565

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$500,565
Total Expenses per Audited Statements$500,565
Total Expenses per Form 990$500,565
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$1,907
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$102,523
Fundraising Direct Expenses$81,405
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Baseball Team Golf Tournament$40,631$40,631-$40,631
Football Team Golf Tournament$8,650$8,650-$8,650
Total Events$102,523$102,523$81,405$21,118
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 11B

“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
2018-05-14
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
14

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 IX, line 24E

“MEALS: Program service expenses 24,140. Management and general expenses 12,633. Fundraising expenses 0. Total expenses 36,773. MISCELLANEOUS: Program service expenses 12,277. Management and general expenses 2,716. Fundraising expenses 0. Total expenses 14,993. UNIFORMS: Program service expenses 2,051. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,051.”

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 545 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt019898
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt041594
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0600
IRS990/AdvertisingGrp/ProgramServicesAmt017859
IRS990/AdvertisingGrp/TotalAmt018459
IRS990/AllOtherContributionsAmt0168447
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt015349
IRS990/AllOtherExpensesGrp/ProgramServicesAmt038468
IRS990/AllOtherExpensesGrp/TotalAmt053817
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MANAGEMENT
IRS990/BooksInCareOfDetail/PhoneNum07578238116
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0700 PARK AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORFOLK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023504
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt077827
IRS990/CashNonInterestBearingGrp/EOYAmt091955
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0168447
IRS990/CYGrantsAndSimilarPaidAmt01907
IRS990/CYInvestmentIncomeAmt0-11083
IRS990/CYOtherExpensesAmt0449826
IRS990/CYOtherRevenueAmt021118
IRS990/CYProgramServiceRevenueAmt0262840
IRS990/CYRevenuesLessExpensesAmt0-59243
IRS990/CYSalariesCompEmpBnftPaidAmt048832
IRS990/CYTotalExpensesAmt0500565
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0441322
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt060265
IRS990/DeferredRevenueGrp/EOYAmt043430
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0346
IRS990/DepreciationDepletionGrp/ProgramServicesAmt014628
IRS990/DepreciationDepletionGrp/TotalAmt014974
IRS990/Desc0ATHLETIC SCHOLARSHIPS AWARDED TO NORFOLK STATE UNIVERSITY STUDENTS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01907
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt023400
IRS990/FeesForServicesAccountingGrp/TotalAmt023400
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.90
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt73.70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0BRENDA BETTS
IRS990/Form990PartVIISectionAGrp/PersonNm1LANGSTON POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm2ZACHARY ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm3JOYCE DANIELS
IRS990/Form990PartVIISectionAGrp/PersonNm4FRANces STEWARD
IRS990/Form990PartVIISectionAGrp/PersonNm5CURTIS HURDLE
IRS990/Form990PartVIISectionAGrp/PersonNm6Michael K Brown
IRS990/Form990PartVIISectionAGrp/PersonNm7ALFRED STEWARD
IRS990/Form990PartVIISectionAGrp/PersonNm8CLIFF REID
IRS990/Form990PartVIISectionAGrp/PersonNm9Marty Miller
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/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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9bOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt081405
IRS990/FundraisingGrossIncomeAmt0102523
IRS990/GainOrLossGrp/SecuritiesAmt0-12640
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt01907
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01907
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01907
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt043443
IRS990/GrossReceiptsAmt0578810
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt03108
IRS990/InsuranceGrp/TotalAmt03108
IRS990/InvestmentIncomeGrp/ExclusionAmt01557
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01557
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0110175
IRS990/InvestmentsPubTradedSecGrp/EOYAmt062589
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt067159
IRS990/LandBldgEquipBasisNetGrp/BOYAmt071953
IRS990/LandBldgEquipBasisNetGrp/EOYAmt059521
IRS990/LandBldgEquipCostOrOtherBssAmt0126680
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt056083
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0179792
IRS990/NetAssetsOrFundBalancesEOYAmt0129041
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-12640
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-12640
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt021118
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt021118
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt08492
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0734
IRS990/OfficeExpensesGrp/TotalAmt0734
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Donations
IRS990/OtherExpensesGrp/Desc1TICKETS AND PARKING EXP
IRS990/OtherExpensesGrp/Desc2EQUIPMENT REpAIRS
IRS990/OtherExpensesGrp/Desc3EVENTS AND SERVICES
IRS990/OtherExpensesGrp/ProgramServicesAmt092828
IRS990/OtherExpensesGrp/ProgramServicesAmt184331
IRS990/OtherExpensesGrp/ProgramServicesAmt268487
IRS990/OtherExpensesGrp/ProgramServicesAmt368155
IRS990/OtherExpensesGrp/TotalAmt092828
IRS990/OtherExpensesGrp/TotalAmt184331
IRS990/OtherExpensesGrp/TotalAmt268487
IRS990/OtherExpensesGrp/TotalAmt368155
IRS990/OtherOrganizationDsc0Foundation
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt048832
IRS990/OtherSalariesAndWagesGrp/TotalAmt048832
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt050000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt050000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Frances Steward
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711210
IRS990/ProgramServiceRevenueGrp/BusinessCd1711210
IRS990/ProgramServiceRevenueGrp/Desc0Membership Dues
IRS990/ProgramServiceRevenueGrp/Desc1GAME SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0142985
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt159750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0142985
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt159750
IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPORT FOR VARIOUS ATHLETIC PROGRAMS AT NORFOLK STATE UNIVERSITY
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0408155
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0262840
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0162518
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt021486
IRS990/PYInvestmentIncomeAmt03734
IRS990/PYOtherExpensesAmt0315444
IRS990/PYOtherRevenueAmt0-45929
IRS990/PYProgramServiceRevenueAmt0213821
IRS990/PYRevenuesLessExpensesAmt0-25748
IRS990/PYSalariesCompEmpBnftPaidAmt022962
IRS990/PYTotalExpensesAmt0359892
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0334144
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-59243
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0168447
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0162518
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0160542
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt086336
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0106164
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0684007
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01557
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03734
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03856
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07493
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07925
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt024565
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0283958
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0213421
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0317767
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0394184
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0417047
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01626377
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01557
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03734
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03856
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07493
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07925
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt024565
IRS990ScheduleA/InvestmentIncomeCYPct00.01050
IRS990ScheduleA/InvestmentIncomePYPct00.01400
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98950
IRS990ScheduleA/PublicSupportPY509Pct00.98600
IRS990ScheduleA/PublicSupportTotal509Amt02310384
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0452405
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0375939
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0478309
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0480520
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0523211
IRS990ScheduleA/Total509Grp/TotalAmt02310384
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0453962
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0379673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0482165
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0488013
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0531136
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02334949
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/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt025
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt025
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0143
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0143
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0143
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0143
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt098
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt098
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0468
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0468
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt059521
IRS990ScheduleD/EquipmentGrp/DepreciationAmt067159
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0126680
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0500565
IRS990ScheduleD/NetUnrealizedGainsInvstAmt08492
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt08492
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0441322
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/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059521
IRS990ScheduleD/TotalExpensesPerForm990Amt0500565
IRS990ScheduleD/TotalRevenuePerForm990Amt0441322
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0449814
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0500565
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt081405
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BASEBALL TEAM GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FOOTBALL TEAM GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt033403
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt012839
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt035163
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt081405
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt040631
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08650
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt053242
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0102523
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt040631
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08650
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt053242
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0102523
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt021118
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt05
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01907
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.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$214,065
Liabilities
$85,024
Net assets
$129,041
Revenue
$441,322
Expenses
$500,565
Net income
-$59,243
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