Civic Intelligence

Longwood University Foundation Inc.

990 • Fiscal year 2017 • EIN 54-6047289

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

Organization Profilelongwood.edu/foundation

View Organization Page

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201 High StreetFarmville, VA 23909

(434) 395-2033

Siviq Scores

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

Liabilities / Assets

12th percentile

0.02x

Higher debt load relative to assets than 12% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

20th percentile

0.12x

Higher debt load relative to revenue than 20% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$348,562

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

82nd percentile

17%

Faster asset growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

147%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$77,846,045

Up $11,152,561 (+17%) from 2016

Net Assets

Up

$76,435,553

Up $10,539,631 (+16%) from 2016

Liabilities

Up

$1,410,492

Up $612,930 (+77%) from 2016

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin92nd percentile

Revenue

Up

$11,985,858

Up $7,125,413 (+147%) from 2016

Expenses

Down

$5,468,394

Down $1,277,710 (-19%) from 2016

Net Income

Up

$6,517,464

Up $8,403,123 (+446%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$150M$100M$50M$0Assets 2010: $47,124,853Liabilities 2010: $1,152,110Net Assets 2010: $45,972,7432010Assets 2011: $54,840,193Liabilities 2011: $552,785Net Assets 2011: $54,287,4082011Assets 2012: $55,535,632Liabilities 2012: $782,780Net Assets 2012: $54,752,8522012Assets 2013: $65,337,702Liabilities 2013: $847,416Net Assets 2013: $64,490,2862013Assets 2014: $72,264,821Liabilities 2014: $788,592Net Assets 2014: $71,476,2292014Assets 2015: $72,443,522Liabilities 2015: $839,453Net Assets 2015: $71,604,0692015Assets 2016: $66,693,484Liabilities 2016: $797,562Net Assets 2016: $65,895,9222016Assets 2017: $77,846,045Liabilities 2017: $1,410,492Net Assets 2017: $76,435,5532017Assets 2019: $83,216,612Liabilities 2019: $832,767Net Assets 2019: $82,383,8452019Assets 2020: $81,295,348Liabilities 2020: $1,234,189Net Assets 2020: $80,061,1592020Assets 2021: $112,093,692Liabilities 2021: $790,411Net Assets 2021: $111,303,2812021Assets 2022: $104,169,025Liabilities 2022: $621,929Net Assets 2022: $103,547,0962022Assets 2023: $106,166,411Liabilities 2023: $528,296Net Assets 2023: $105,638,1152023Assets 2024: $116,073,655Liabilities 2024: $1,401,130Net Assets 2024: $114,672,5252024

Highlighted filing

2017

Assets$77,846,045
Liabilities$1,410,492
Net Assets$76,435,553
Open 2017 Filing

Operations Trend

Revenue Growth96th percentile

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

$15M$10M$5.0M$0-$5.0M-$10MExpenses 2010: $3,598,3102010Revenue 2011: $8,429,184Expenses 2011: $4,015,111Net Income 2011: $4,414,0732011Expenses 2012: $3,820,9272012Expenses 2013: $3,578,8052013Revenue 2014: $6,064,588Expenses 2014: $4,274,472Net Income 2014: $1,790,1162014Revenue 2015: $8,678,031Expenses 2015: $6,127,681Net Income 2015: $2,550,3502015Revenue 2016: $4,860,445Expenses 2016: $6,746,104Net Income 2016: -$1,885,6592016Revenue 2017: $11,985,858Expenses 2017: $5,468,394Net Income 2017: $6,517,4642017Revenue 2019: $8,892,661Expenses 2019: $14,280,120Net Income 2019: -$5,387,4592019Revenue 2020: $9,616,741Expenses 2020: $6,293,392Net Income 2020: $3,323,3492020Revenue 2021: $12,872,847Expenses 2021: $6,330,727Net Income 2021: $6,542,1202021Revenue 2022: $9,284,971Expenses 2022: $7,046,904Net Income 2022: $2,238,0672022Revenue 2023: $7,289,006Expenses 2023: $7,367,378Net Income 2023: -$78,3722023Revenue 2024: $12,352,007Expenses 2024: $12,769,493Net Income 2024: -$417,4862024

Highlighted filing

2017

Revenue$11,985,858
Expenses$5,468,394
Net Income$6,517,464
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
$12,912,507
Mission and Program Overview

Mission

Longwood university foundation enhances the image of longwood university by supporting the institution's academic, social, and economic goals. The foundation seeks to maximize private sector support by engaging in ethical and responsible donor cultivation, strategic investment plans, and timely distribution of private resources.

The foundation supports the activities and operations of longwood university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$49,232,353$53,236,278▲ $4,003,925
Pledges and Grants Receivable$2,900,361$6,947,018▲ $4,046,657
Cash and Non-Interest-Bearing Accounts$2,894,472$5,561,121▲ $2,666,649
Investments in Publicly Traded Securities$2,362,915$4,946,477▲ $2,583,562
Land, Buildings, and Equipment, Net$2,381,266$1,410,247▼ $971,019
Savings and Temporary Cash Investments$2,220,533$691,897▼ $1,528,636
Prepaid Expenses and Deferred Charges$14,713$12,845▼ $1,868
Accounts Receivable-$3,699-
Total Assets$66,693,484$77,846,045▲ $11,152,561
Other Assets Total$4,686,871$5,036,463▲ $349,592
Liabilities
Accounts Payable and Accrued Expenses$276,185$917,437▲ $641,252
Other Liabilities$521,377$493,055▼ $28,322
Total Liabilities$797,562$1,410,492▲ $612,930
Net Assets / Fund Balance
Permanently Rstr Net Assets$35,617,076$40,760,416▲ $5,143,340
Temporarily Rstr Net Assets$22,691,131$26,387,157▲ $3,696,026
Unrestricted Net Assets$7,587,715$9,287,980▲ $1,700,265
Total Net Assets Fund Balance$65,895,922$76,435,553▲ $10,539,631
Total Liabilities and Net Assets / Fund Balance$66,693,484$77,846,045▲ $11,152,561

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,296,854-$1,296,854
Other Land Buildings$45,396$131,406$176,802
Buildings$67,997$17,003$85,000
Equipment$0$34,763$34,763
Other Assets Org$235,490--
Other Securities$51,003,901--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$51,801,831$6,189,361▲ $5,829,094$1,802,380$61,218,697
2015$55,818,709$1,334,359▼ $2,296,653$2,421,497$51,801,831
2014$54,057,779$1,298,884▲ $2,487,955$1,308,285$55,818,709
2013$48,102,930$1,115,776▲ $6,694,595$1,207,306$54,057,779
2012$43,228,039$2,191,580▲ $4,396,645$1,115,049$48,102,930
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hazel DuncanCFO (Through 10/16)FT$108,624$11,902$120,526
Sharon PayneCFO (As of 12/16)FT$8,750-$8,750

Board Members and Trustees

NameTitle
Mike EllisDirector, Executive Chair
Barbara Jane MossDirector, Finance Chair
Jenny Sue FlannaganDirector, Governance Chair
Patricia RamseyDirector, Stewardship & Student Success Chair
Michael EllisDIRECTOR, President
Taylor ReveleyUniversity President
Michael LewandowskiDirector, Vice President
Brian WhetzelDirector
Charles KinzerDirector
Charles RossDirector
David CruteDirector
David MarshallDirector
Drew HudsonDirector
Ednamae TreveyDirector
Elizabeth HarrisDirector
Janie EvansDirector
John McGinn JrDirector
Joseph MacPhail IIIDirector
Katie SloanDirector
Ken MarcusDirector
Lindo GharibDirector
Mary ThorntonDirector
Nancy AtkinsonDirector
Walter WitscheyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$8,970,132
Program Service Revenue
$361,002
Investment Income
$2,349,133
Other Revenue
$305,591
All Other Contributions
$8,970,132
Change in Net Assets
$6,517,464

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art92$111,630Appraised Value
Real Estate Commercial1$10,000Fair Market Value
Other Non Cash Contri Table4$6,664Fair Market Value
Clothing and Household Goods-$6,388Fair Market Value
Other Non Cash Contri Table2$2,439Fair Market Value
Books and Publications-$561Fair Market Value
Other Non Cash Contri Table1$507Fair Market Value
Food Inventory375$350Fair Market Value
Total Noncash Contributions475$138,539-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,645,842
Grants and Similar Amounts Paid$1,749,279
Salaries, Compensation, and Employee Benefits$1,073,273
Total Fundraising Expense$274,105
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,744,067--$1,744,067
Other Salaries and Wages$640,537$212,652$37,054$890,243
Fees for Service Investment Mgmnt Fees-$532,331-$532,331
Office Expenses$415,127$27,106$61,644$503,877
Travel$412,591$21,586$59,513$493,690
Advertising$406,798$2,011$63,823$472,632
Fees for Services Other$254,550$14,189$7,032$275,771
Occupancy$196,422$11,167$4,866$212,455
Current Officers, Directors, Trustees, and Key Employees-$109,133-$109,133
Payroll Taxes$35,856$18,013$2,074$55,943
Depreciation Depletion$24,726-$29,644$54,370
Fees for Services Accounting$2,100$31,531-$33,631
Other Employee Benefits$17,954--$17,954
Other Expenses$8,725$2,845$2,094$13,664
Insurance$2,445$7,311$2,301$12,057
All Other Expenses-$11,625-$11,625
Interest$7,543--$7,543
Fees for Services Legal$1,318-$4,060$5,378
Grants to Domestic Orgs$5,212--$5,212
Total Functional Expenses$4,192,789$1,001,500$274,105$5,468,394
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Longwood UniversityFarmville, VA170(c)(1)Education$5,212
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
Annuities Payable$493,055
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The chief financial officer of the organization is responsible for the oversight of the tax preparation services by the outside accounting firm. An initial review of the completed form 990 is performed by the audit committee, followed by review by all members of the board. The return is emailed to all members of the board for a three-day comment period and subsequent vote of acceptance. When a majority of directors approve the return, then it will be filed.”

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

“Board members are required to review and sign the organization's conflict of interest policy annually, and disclose any possible personal, familial, or business relationships that could give rise to conflicts of interest. If a conflict arises, the board member will not be part of discussions and will abstain from voting.”

Form 990, Part VI, Section B, line 15

“The compensation of the chief financial officer is the responsibility of the executive committee. the cfo's compensation is reviewed and approved on an annual basis. a comparability study is done only when the cfo is initially hired, or when the recommended pay raise is above the general assembly's pay increase for state employees. The foundation also uses state and national surveys to determine compensation.”

Form 990, Part VI, Section C, line 19

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public through the foundation's website.”

Filing and Contact Details

Filer

Filer Name
Longwood University Foundation
EIN
54-6047289
Phone
4343952033
Address
201 High Street, Farmville, VA 23909

Signing Officer

Name
Michael Lewandowski
Title
Vice President
Phone
4343952033
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Lewandowski
Formed
1959
Legal Domicile
Va
Voting Board Members
23
Independent Board Members
23
Employees
5
Volunteers
23

Preparer

Firm
Cherry Bekaert Llp
Address
828 Main St Ste 1801, Lynchburg, VA 24504
Preparer
Samuel Johnson
Phone
4348476643
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Interfund transfers 43,544. UNREALIZED GAIN PERPETUAL TRUST 94,978. Annuity and Unitrust adjustments -26,198. REV LIFE INSURANCE CSV ADjustment 5,089. Bad Debt -4,963.”

Financial Statement Notes

Part III, Line 4:

“The foundation owns the longwood center for the visual arts (lcva). The lcva's permanent collection consists of nine focus areas. These collections are lent to longwood university to support the educational and public service missions of the university.”

Part V, Line 4:

“The Foundation's endowment consists of approximately 385 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Foundation's Board of Directors (the "Board") to function as endowments.”

Part X, Line 2:

“Management has evaluated the effect of the guidance provided in the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") on Accounting for Uncertainty in Income Taxes. Management believes that the Foundation continues to satisfy the requirements of a tax-exempt organization at June 30, 2017 and 2016. Management has evaluated all tax positions that could have a significant effect on the consolidated financial statements and determined that the Foundation had no uncertain income tax positions at June 30, 2017 and 2016.”

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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/ActivityOrMissionDesc0THE FOUNDATION SUPPORTS THE ACTIVITIES AND OPERATIONS OF LONGWOOD UNIVERSITY.
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IRS990/Desc0LONGWOOD UNIVERSITY FOUNDATION SUPPORTS VARIOUS PROGRAMS FOR LONGWOOD UNIVERSITY. THIS SUPPORT INCLUDES PROVIDING SCHOLARSHIPS TO STUDENTS WHICH ENHANCES LONGWOOD'S DESIRABILITY, SUPPORTING THE COLLEGIATE ENDOWMENT FUNDS TO PROMOTE FINANCIAL INDEPENDENCE AND THE RESOURCES FOR GROWTH, AND SOLICITING DONATIONS FOR THE ANNUAL FUND, WHICH FUNDS THE OPERATING NEEDS FOR THE UNIVERSITY'S ACADEMIC DEPARTMENTS, ATHLETICS, AND SPECIAL PROGRAMS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
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/OtherCompensationAmt2411902
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm1Michael Lewandowski
IRS990/Form990PartVIISectionAGrp/PersonNm2Nancy Atkinson
IRS990/Form990PartVIISectionAGrp/PersonNm3David Crute
IRS990/Form990PartVIISectionAGrp/PersonNm4Janie Evans
IRS990/Form990PartVIISectionAGrp/PersonNm5Lindo Gharib
IRS990/Form990PartVIISectionAGrp/PersonNm6Elizabeth Harris
IRS990/Form990PartVIISectionAGrp/PersonNm7Drew Hudson
IRS990/Form990PartVIISectionAGrp/PersonNm8Charles Kinzer
IRS990/Form990PartVIISectionAGrp/PersonNm9Joseph MacPhail III
IRS990/Form990PartVIISectionAGrp/PersonNm10Ken Marcus
IRS990/Form990PartVIISectionAGrp/PersonNm11David Marshall
IRS990/Form990PartVIISectionAGrp/PersonNm12John McGinn Jr
IRS990/Form990PartVIISectionAGrp/PersonNm13Charles Ross
IRS990/Form990PartVIISectionAGrp/PersonNm14Katie Sloan
IRS990/Form990PartVIISectionAGrp/PersonNm15Mary Thornton
IRS990/Form990PartVIISectionAGrp/PersonNm16Ednamae Trevey
IRS990/Form990PartVIISectionAGrp/PersonNm17Brian Whetzel
IRS990/Form990PartVIISectionAGrp/PersonNm18Walter Witschey
IRS990/Form990PartVIISectionAGrp/PersonNm19Jenny Sue Flannagan
IRS990/Form990PartVIISectionAGrp/PersonNm20Barbara Jane Moss
IRS990/Form990PartVIISectionAGrp/PersonNm21Patricia Ramsey
IRS990/Form990PartVIISectionAGrp/PersonNm22Mike Ellis
IRS990/Form990PartVIISectionAGrp/PersonNm23Sharon Payne
IRS990/Form990PartVIISectionAGrp/PersonNm24Hazel Duncan
IRS990/Form990PartVIISectionAGrp/PersonNm25Taylor Reveley
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/ReportableCompFromOrgAmt140
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/ReportableCompFromOrgAmt238750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24108624
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
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/ReportableCompFromRltdOrgAmt140
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/ReportableCompFromRltdOrgAmt25348562
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR, President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director, Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director, Governance Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director, Finance Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director, Stewardship & Student Success Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director, Executive Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt23CFO (As of 12/16)
IRS990/Form990PartVIISectionAGrp/TitleTxt24CFO (Through 10/16)
IRS990/Form990PartVIISectionAGrp/TitleTxt25University President
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01959
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0154796
IRS990/GainOrLossGrp/SecuritiesAmt01689075
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantAmt01703481
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01744067
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01744067
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt05212
IRS990/GrantsToDomesticOrgsGrp/TotalAmt05212
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01081445
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01689075
IRS990/GrossReceiptsAmt012912507
IRS990/GrossRentsGrp/RealAmt061218
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt02301
IRS990/InsuranceGrp/ManagementAndGeneralAmt07311
IRS990/InsuranceGrp/ProgramServicesAmt02445
IRS990/InsuranceGrp/TotalAmt012057
IRS990/InterestGrp/ProgramServicesAmt07543
IRS990/InterestGrp/TotalAmt07543
IRS990/InvestmentIncomeGrp/ExclusionAmt0652591
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0505262
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0-147329
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt049232353
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt053236278
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02362915
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04946477
IRS990/IRPDocumentCnt0171
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0183172
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02381266
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01410247
IRS990/LandBldgEquipCostOrOtherBssAmt01593419
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0926649
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LONGWOOD UNIVERSITY FOUNDATION ENHANCES THE IMAGE OF LONGWOOD UNIVERSITY BY SUPPORTING THE INSTITUTION'S ACADEMIC, SOCIAL, AND ECONOMIC GOALS. THE FOUNDATION SEEKS TO MAXIMIZE PRIVATE SECTOR SUPPORT BY ENGAGING IN ETHICAL AND RESPONSIBLE DONOR CULTIVATION, STRATEGIC INVESTMENT PLANS, AND TIMELY DISTRIBUTION OF PRIVATE RESOURCES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt065895922
IRS990/NetAssetsOrFundBalancesEOYAmt076435553
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01843871
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01843871
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt061218
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt061218
IRS990/NetUnrelatedBusTxblIncmAmt0-150821
IRS990/NetUnrlzdGainsLossesInvstAmt04134940
IRS990/NoncashContributionsAmt0138540
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt011167
IRS990/OccupancyGrp/ProgramServicesAmt0196422
IRS990/OccupancyGrp/TotalAmt0212455
IRS990/OfficeExpensesGrp/FundraisingAmt061644
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027106
IRS990/OfficeExpensesGrp/ProgramServicesAmt0415127
IRS990/OfficeExpensesGrp/TotalAmt0503877
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt05036463
IRS990/OtherChangesInNetAssetsAmt0112450
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt017954
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017954
IRS990/OtherExpensesGrp/Desc0honorariums
IRS990/OtherExpensesGrp/Desc1Staff DevelopMENT
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02845
IRS990/OtherExpensesGrp/ProgramServicesAmt016818
IRS990/OtherExpensesGrp/ProgramServicesAmt18725
IRS990/OtherExpensesGrp/TotalAmt016818
IRS990/OtherExpensesGrp/TotalAmt113664
IRS990/OtherLiabilitiesGrp/BOYAmt0521377
IRS990/OtherLiabilitiesGrp/EOYAmt0493055
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0233843
IRS990/OtherRevenueTotalAmt0233843
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt037054
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0212652
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0640537
IRS990/OtherSalariesAndWagesGrp/TotalAmt0890243
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02074
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018013
IRS990/PayrollTaxesGrp/ProgramServicesAmt035856
IRS990/PayrollTaxesGrp/TotalAmt055943
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt035617076
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt040760416
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02900361
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt06947018
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014713

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$77,846,045
Liabilities
$1,410,492
Net assets
$76,435,553
Revenue
$11,985,858
Expenses
$5,468,394
Net income
$6,517,464
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$116$1.40$115$12.4$12.8$0.42
2023Detailed filing. Detailed filing data is available for this year.$106$0.53$106$7.29$7.37$0.08
2022Detailed filing. Detailed filing data is available for this year.$104$0.62$104$9.28$7.05$2.24
2021Detailed filing. Detailed filing data is available for this year.$112$0.79$111$12.9$6.33$6.54
2020Detailed filing. Detailed filing data is available for this year.$81.3$1.23$80.1$9.62$6.29$3.32
2019Detailed filing. Detailed filing data is available for this year.$83.2$0.83$82.4$8.89$14.3$5.39
2017Detailed filing. Detailed filing data is available for this year.$77.8$1.41$76.4$12.0$5.47$6.52
2016Detailed filing. Detailed filing data is available for this year.$66.7$0.80$65.9$4.86$6.75$1.89
2015Detailed filing. Detailed filing data is available for this year.$72.4$0.84$71.6$8.68$6.13$2.55
2014Detailed filing. Detailed filing data is available for this year.$72.3$0.79$71.5$6.06$4.27$1.79
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.3$0.85$64.5$3.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.5$0.78$54.8$3.82
2011Summary only. Only limited summary data is available for this year.$54.8$0.55$54.3$8.43$4.02$4.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.1$1.15$46.0$3.60