Civic Intelligence

Liberty University Foundation

990 • Fiscal year 2023 • EIN 54-1939910

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

Organization ProfileN/A
1971 University BlvdLynchburg, VA 24515-0002

(434) 582-2000

Siviq Scores

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

Liabilities / Assets

99th percentile

10.42x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

24.26x

Higher debt load relative to revenue than 100% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

100th percentile

$647,656

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 548.2% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

9th percentile

-56%

Faster asset growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-84%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$275,060

Down $347,192 (-56%) from 2022

Net Assets

Down

-$2,591,195

Down $294,531 (-13%) from 2022

Liabilities

Down

$2,866,255

Down $52,661 (-1.8%) from 2022

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin98th percentile

Revenue

Down

$118,139

Down $643,437 (-84%) from 2022

Expenses

Up

$8,591

Up $3,499 (+69%) from 2022

Net Income

Down

$109,548

Down $646,936 (-86%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$10M$5.0M$0-$5.0M-$10MAssets 2011: $36,453Liabilities 2011: $8,310,326Net Assets 2011: -$8,273,8732011Assets 2012: $154,400Liabilities 2012: $7,615,285Net Assets 2012: -$7,460,8852012Assets 2013: $1,926Liabilities 2013: $8,250,537Net Assets 2013: -$8,248,6112013Assets 2014: $215,537Liabilities 2014: $6,254,371Net Assets 2014: -$6,038,8342014Assets 2015: $20,345Liabilities 2015: $5,744,047Net Assets 2015: -$5,723,7022015Assets 2016: $30,403Liabilities 2016: $5,201,835Net Assets 2016: -$5,171,4322016Assets 2017: $653Liabilities 2017: $4,746,024Net Assets 2017: -$4,745,3712017Assets 2018: $60,839Liabilities 2018: $5,291,110Net Assets 2018: -$5,230,2712018Assets 2019: -$23,379Liabilities 2019: $3,756,397Net Assets 2019: -$3,779,7762019Assets 2020: $990,353Liabilities 2020: $3,319,290Net Assets 2020: -$2,328,9372020Assets 2021: $353,306Liabilities 2021: $3,361,869Net Assets 2021: -$3,008,5632021Assets 2022: $622,252Liabilities 2022: $2,918,916Net Assets 2022: -$2,296,6642022Assets 2023: $275,060Liabilities 2023: $2,866,255Net Assets 2023: -$2,591,1952023Assets 2024: $88,736Liabilities 2024: $2,638,982Net Assets 2024: -$2,550,2462024

Highlighted filing

2023

Assets$275,060
Liabilities$2,866,255
Net Assets-$2,591,195
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,526,167Expenses 2011: $1,075Net Income 2011: $1,525,0922011Revenue 2012: $1,734,851Expenses 2012: $69,458Net Income 2012: $1,665,3932012Revenue 2013: $1,506,350Expenses 2013: $13,390Net Income 2013: $1,492,9602013Revenue 2014: $1,458,117Expenses 2014: $994Net Income 2014: $1,457,1232014Revenue 2015: $1,012,825Expenses 2015: $1,105Net Income 2015: $1,011,7202015Revenue 2016: $1,256,675Expenses 2016: $43,498Net Income 2016: $1,213,1772016Revenue 2017: $785,405Expenses 2017: $1,834Net Income 2017: $783,5712017Revenue 2018: $1,163,130Expenses 2018: $1,506Net Income 2018: $1,161,6242018Revenue 2019: $949,546Expenses 2019: $2,990Net Income 2019: $946,5562019Revenue 2020: $1,976,659Expenses 2020: $5,757Net Income 2020: $1,970,9022020Revenue 2021: $2,664Expenses 2021: $5,405Net Income 2021: -$2,7412021Revenue 2022: $761,576Expenses 2022: $5,092Net Income 2022: $756,4842022Revenue 2023: $118,139Expenses 2023: $8,591Net Income 2023: $109,5482023Revenue 2024: $712,413Expenses 2024: $517,542Net Income 2024: $194,8712024

Highlighted filing

2023

Revenue$118,139
Expenses$8,591
Net Income$109,548
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$118,139
Mission and Program Overview

Mission

Received administer and expend funds for charitable educational and social welfare.

Receive, administer, and expend funds for charitable, educational, and social welfare. Operating at this time to service remaining obligations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$481,484$0▼ $481,484
Cash and Non-Interest-Bearing Accounts$139,985$254,185▲ $114,200
Other Notes and Loans Receivable, Net$0$20,875▲ $20,875
Accounts Receivable$783$0▼ $783
Savings and Temporary Cash Investments$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$622,252$275,060▼ $347,192
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$2,918,656$2,865,965▼ $52,691
Accounts Payable and Accrued Expenses$260$290▲ $30
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,918,916$2,866,255▼ $52,661
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-2,296,664$-2,591,195▼ $294,531
Total Net Assets Fund Balance$-2,296,664$-2,591,195▼ $294,531
Total Liabilities and Net Assets / Fund Balance$622,252$275,060▼ $347,192
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleOtherTotal
Deryl EdwardsDirector/president$142,352$142,352

Board Members and Trustees

NameTitle
Robert RitzDirector/vice President
Cindy GaebeDirector & Secretary
Scott SpearDirector & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$108,797
Program Service Revenue
$0
Investment Income
$9,342
Other Revenue
$0
All Other Contributions
$108,797
Change in Net Assets
$109,548

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1,156$105,057Fair Market Value (FMV)
Total Noncash Contributions1,156$105,057-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$6,693-$6,693
Other Expenses-$1,308-$1,308
Office Expenses-$590-$590
Total Functional Expenses$0$8,591$0$8,591
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Present Value of Annuities Payable$2,865,965
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, QUESTION 2:

“All directors are employees of liberty university. Robert ritz and cindy gaebe are officers of liberty university.”

FORM 990, PART VI, SECTION B, QUESTION 11B:

“A review is conducted by the governing body prior to filing.”

FORM 990, PART VI, SECTION B, QUESTION 12C:

“Conflict of interest questionnaires are collected annually. If a conflict of interest arises it is handled on a case-by-case basis.”

FORM 990, PART VI, SECTION C, QUESTION 19:

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Liberty University Foundation
EIN
54-1939910
In Care Of
% DR ROBERT RITZ
Phone
4345822000
Address
1971 UNIVERSITY BLVD, LYNCHBURG, VA 24515-0002

Signing Officer

Name
Deryl M Edwards
Title
President
Phone
4345822000
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deryl M Edwards
Formed
2001
Legal Domicile
Dc
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA
Address
421 Fayetteville Street Suite 300, Raleigh, NC 27601
Preparer
Sandra L Feinsmith
Phone
9192781936
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in value of split interest agreements (365,621)”

Raw XML AppendixShowing 400 of 778 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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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01175
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt013124
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeCYPct00.00364
IRS990ScheduleA/InvestmentIncomePYPct00.00089
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00.99636
IRS990ScheduleA/PublicSupportPY509Pct00.99911
IRS990ScheduleA/PublicSupportTotal509Amt03594964
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0760015
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01618
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01975484
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0749050
IRS990ScheduleA/Total509Grp/TotalAmt03594964
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0118139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0761576
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02664
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01976659
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0749050
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03608088
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02865965
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PRESENT VALUE OF ANNUITIES PAYABLE
IRS990ScheduleD/TotalLiabilityAmt02865965
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt045195
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt146700
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt213600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0510824
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1284004
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2178009
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt25250
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt113343
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt213727
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT RITZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CINDY GAEBE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SCOTT SPEAR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR/VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR & SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR & TREASURER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1344047
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01156
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL DIRECTORS ARE EMPLOYEES OF LIBERTY UNIVERSITY. ROBERT RITZ AND CINDY GAEBE ARE OFFICERS OF LIBERTY UNIVERSITY.

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$275,060
Liabilities
$2,866,255
Net assets
-$2,591,195
Revenue
$118,139
Expenses
$8,591
Net income
$109,548
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.09$2.64$2.55$0.71$0.52$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.28$2.87$2.59$0.12$0.01$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.62$2.92$2.30$0.76$0.01$0.76
2021Detailed filing. Detailed filing data is available for this year.$0.35$3.36$3.01$0.00$0.01$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.99$3.32$2.33$1.98$0.01$1.97
2019Summary only. Only limited summary data is available for this year.$0.02$3.76$3.78$0.95$0.00$0.95
2018Summary only. Only limited summary data is available for this year.$0.06$5.29$5.23$1.16$0.00$1.16
2017Summary only. Only limited summary data is available for this year.$0.00$4.75$4.75$0.79$0.00$0.78
2016Summary only. Only limited summary data is available for this year.$0.03$5.20$5.17$1.26$0.04$1.21
2015Summary only. Only limited summary data is available for this year.$0.02$5.74$5.72$1.01$0.00$1.01
2014Summary only. Only limited summary data is available for this year.$0.22$6.25$6.04$1.46$0.00$1.46
2013Summary only. Only limited summary data is available for this year.$0.00$8.25$8.25$1.51$0.01$1.49
2012Summary only. Only limited summary data is available for this year.$0.15$7.62$7.46$1.73$0.07$1.67
2011Summary only. Only limited summary data is available for this year.$0.04$8.31$8.27$1.53$0.00$1.53