Civic Intelligence

Virginia State University Foundation

990 • Fiscal year 2020 • EIN 54-6074532

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 07, 2021

Organization ProfileFOUNDATION.VSU.EDU
PO Box 9027Petersburg, VA 23806

(804) 524-5215

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

19th percentile

0.07x

Higher debt load relative to revenue than 19% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

24th percentile

-4.9%

Higher net margin than 24% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$419,283

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 29.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

32nd percentile

1.3%

Faster asset growth than 32% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-37%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$19,798,914

Up $249,128 (+1.3%) from 2019

Net Assets

Up

$19,698,296

Up $321,092 (+1.7%) from 2019

Liabilities

Down

$100,618

Down $71,964 (-42%) from 2019

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin24th percentile

Revenue

Down

$1,444,442

Down $856,059 (-37%) from 2019

Expenses

Down

$1,514,693

Down $376,827 (-20%) from 2019

Net Income

Down

-$70,251

Down $479,232 (-117%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$40M$30M$20M$10M$0Assets 2011: $11,187,499Liabilities 2011: $134,285Net Assets 2011: $11,053,2142011Assets 2012: $11,358,684Liabilities 2012: $36,811Net Assets 2012: $11,321,8732012Assets 2013: $12,834,525Liabilities 2013: $57,099Net Assets 2013: $12,777,4262013Assets 2014: $15,135,686Liabilities 2014: $104,995Net Assets 2014: $15,030,6912014Assets 2015: $15,156,726Liabilities 2015: $99,457Net Assets 2015: $15,057,2692015Assets 2016: $15,723,408Liabilities 2016: $87,819Net Assets 2016: $15,635,5892016Assets 2017: $16,817,828Liabilities 2017: $211,766Net Assets 2017: $16,606,0622017Assets 2018: $18,677,642Liabilities 2018: $93,229Net Assets 2018: $18,584,4132018Assets 2019: $19,549,786Liabilities 2019: $172,582Net Assets 2019: $19,377,2042019Assets 2020: $19,798,914Liabilities 2020: $100,618Net Assets 2020: $19,698,2962020Assets 2021: $26,802,449Liabilities 2021: $425,454Net Assets 2021: $26,376,9952021Assets 2022: $28,931,771Liabilities 2022: $4,248,427Net Assets 2022: $24,683,3442022Assets 2023: $36,672,974Liabilities 2023: $6,853,352Net Assets 2023: $29,819,6222023Assets 2024: $39,494,458Liabilities 2024: $6,275,325Net Assets 2024: $33,219,1332024

Highlighted filing

2020

Assets$19,798,914
Liabilities$100,618
Net Assets$19,698,296
Open 2020 Filing

Operations Trend

Revenue Growth10th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $685,8272011Expenses 2012: $1,263,9952012Expenses 2013: $1,005,3092013Revenue 2014: $2,128,313Expenses 2014: $1,158,497Net Income 2014: $969,8162014Revenue 2015: $2,327,929Expenses 2015: $2,007,982Net Income 2015: $319,9472015Revenue 2016: $2,314,022Expenses 2016: $1,111,803Net Income 2016: $1,202,2192016Revenue 2017: $3,580,205Expenses 2017: $2,603,762Net Income 2017: $976,4432017Revenue 2018: $3,809,704Expenses 2018: $1,722,714Net Income 2018: $2,086,9902018Revenue 2019: $2,300,501Expenses 2019: $1,891,520Net Income 2019: $408,9812019Revenue 2020: $1,444,442Expenses 2020: $1,514,693Net Income 2020: -$70,2512020Revenue 2021: $5,931,802Expenses 2021: $1,458,999Net Income 2021: $4,472,8032021Revenue 2022: $4,393,072Expenses 2022: $1,889,084Net Income 2022: $2,503,9882022Revenue 2023: $5,186,926Expenses 2023: $2,734,753Net Income 2023: $2,452,1732023Revenue 2024: $4,611,259Expenses 2024: $3,442,992Net Income 2024: $1,168,2672024

Highlighted filing

2020

Revenue$1,444,442
Expenses$1,514,693
Net Income-$70,251
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 7, 2021
Return Version
2019v5.2
Gross Receipts
$4,272,099
Mission and Program Overview

Mission

To support the mission of virginia state university by receiving, managing and distributing donations and contributions that aid in the enhancement and growth of the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,531,413$17,736,199▲ $1,204,786
Savings and Temporary Cash Investments$2,046,523$1,383,967▼ $662,556
Cash and Non-Interest-Bearing Accounts$698,032$512,192▼ $185,840
Pledges and Grants Receivable$121,500$78,386▼ $43,114
Investments Other Securities$70,634$61,170▼ $9,464
Land, Buildings, and Equipment, Net$27,000$27,000→ $0
Total Assets$19,549,786$19,798,914▲ $249,128
Other Assets Total$54,684$0▼ $54,684
Liabilities
Other Liabilities$145,709$84,488▼ $61,221
Deferred Revenue-$9,470-
Accounts Payable and Accrued Expenses$26,873$6,660▼ $20,213
Total Liabilities$172,582$100,618▼ $71,964
Net Assets / Fund Balance
Net Assets With Donor Restrictions$18,837,226$19,183,826▲ $346,600
Net Assets Without Donor Restrictions$539,978$514,470▼ $25,508
Total Net Assets Fund Balance$19,377,204$19,698,296▲ $321,092
Total Liabilities and Net Assets / Fund Balance$19,549,786$19,798,914▲ $249,128

Asset Categories

AssetBook ValueDepreciationBasis
Land$27,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$17,348,803$633,167▲ $440,854$452,235$17,970,589
2018$16,379,830$911,567▲ $831,755$774,349$17,348,803
2017$16,191,088$900,590▲ $1,194,341$1,906,189$16,379,830
2016$14,067,602$720,239▲ $1,594,514$191,267$16,191,088
2015$13,882,235$694,365▼ $314,208$194,790$14,067,602
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Robert L Turner JrExecutive DirectorFT$45,457$45,457

Board Members and Trustees

NameTitle
Beverly Everson-jonesChair
Brenda Stith-finchVice-chair
Claude a WoodTrustee
Earnest a BazemoreTrustee
Emmett E Smith JrTrustee
Frank JonesTrustee
Frasier W Brickhouse IiTrustee
Harrison Bonner IiiTrustee
Irene F LoganTrustee
Nardos E KingTrustee
Valarie a JonesTrustee
Wilbert J Briggs SrTrustee
William E BaileyTrustee
Xavier RichardsonVsu Board of Visitors
Makola M AbdullahEx-officio
Paul F GarnerSecretary
Samuel R Rhue SrTreasurer
Franklin H Johnson JrVsu Alumni Association Pre
Kevin DavenportVsu VP for Administrative
Reshunda MahoneVsu VP for Institutional Advancement
Revenue and Support

Revenue Composition

Contributions and Grants
$1,371,589
Program Service Revenue
$0
Investment Income
$72,853
Other Revenue
$0
All Other Contributions
$1,371,589
Change in Net Assets
$-70,251

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,444,442
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$391,343
Total Revenue per Audited Statements
$1,835,785
Total Revenue per Form 990
$1,444,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,083,368
Grants and Similar Amounts Paid$382,387
Salaries, Compensation, and Employee Benefits$48,938
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$382,387--$382,387
Fees for Service Investment Mgmnt Fees-$76,707-$76,707
Fees for Services Accounting-$74,300-$74,300
Current Officers, Directors, Trustees, and Key Employees-$36,148-$36,148
All Other Expenses$12,437$4,178-$16,615
Insurance-$15,910-$15,910
Other Expenses$13,254--$13,254
Payroll Taxes-$12,790-$12,790
Office Expenses-$263-$263
Total Functional Expenses$1,294,397$220,296$0$1,514,693

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,514,693
Total Expenses per Audited Statements$1,514,693
Total Expenses per Form 990$1,514,693
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Due to Related Party$84,488
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Three board members, kevin davenport, makola abdullah and reshunda mahone, work for virginia state university, a related party.”

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

“The form 990 is reviewed by the organization's treasurer and presented at a board of trustees' meeting.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available at its business office. Governing documents are also availabe on the organization's website.”

Filing and Contact Details

Filer

Filer Name
Virginia State University Foundation
EIN
54-6074532
Phone
8045245215
Address
PO BOX 9027, PETERSBURG, VA 23806

Signing Officer

Name
Robert L Turner Jr
Title
Executive Director
Phone
8045245215
Signed
2021-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert L Turner Jr
Formed
1968
Legal Domicile
Va
Voting Board Members
20
Independent Board Members
17
Employees
1
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
701 TOWN CENTER DRIVE, NEWPORT NEWS, VA 23606
Preparer
Leslie Roberts
Phone
7578731033
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The foundation intends to use the endowment funds to aid in the enhancement and growth of the university.”

Raw XML AppendixShowing 400 of 626 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/BOYAmt026873
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06660
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT THE MISSION OF VIRGINIA STATE UNIVERSITY BY RECEIVING, MANAGING AND DISTRIBUTING DONATIONS AND CONTRIBUTIONS THAT AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.
IRS990/AllOtherContributionsAmt01371589
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04178
IRS990/AllOtherExpensesGrp/ProgramServicesAmt012437
IRS990/AllOtherExpensesGrp/TotalAmt016615
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0VSU FOUNDATION
IRS990/BooksInCareOfDetail/PhoneNum08045245864
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01 HAYDEN DRIVE PO BOX 9027
IRS990/BooksInCareOfDetail/USAddress/CityNm0PETERSBURG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023806
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0698032
IRS990/CashNonInterestBearingGrp/EOYAmt0512192
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt036148
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt036148
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01371589
IRS990/CYGrantsAndSimilarPaidAmt0382387
IRS990/CYInvestmentIncomeAmt072853
IRS990/CYOtherExpensesAmt01083368
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-70251
IRS990/CYSalariesCompEmpBnftPaidAmt048938
IRS990/CYTotalExpensesAmt01514693
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01444442
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt09470
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SCHOLARSHIPS AND AWARDS TO STUDENTS. 206 SCHOLARSHIPS WERE AWARDED DURING THE YEAR.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt018837226
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt019183826
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0382387
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt074300
IRS990/FeesForServicesAccountingGrp/TotalAmt074300
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt076707
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt076707
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt162.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt172.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt182.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt192.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2040.00
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/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1114036
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1870793
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1919482
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/PersonNm0BEVERLY EVERSON-JONES
IRS990/Form990PartVIISectionAGrp/PersonNm1EMMETT E SMITH JR
IRS990/Form990PartVIISectionAGrp/PersonNm2PAUL F GARNER
IRS990/Form990PartVIISectionAGrp/PersonNm3SAMUEL R RHUE SR
IRS990/Form990PartVIISectionAGrp/PersonNm4FRANKLIN H JOHNSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm5FRANK JONES
IRS990/Form990PartVIISectionAGrp/PersonNm6HARRISON BONNER III
IRS990/Form990PartVIISectionAGrp/PersonNm7WILBERT J BRIGGS SR
IRS990/Form990PartVIISectionAGrp/PersonNm8BRENDA STITH-FINCH
IRS990/Form990PartVIISectionAGrp/PersonNm9FRASIER W BRICKHOUSE II
IRS990/Form990PartVIISectionAGrp/PersonNm10IRENE F LOGAN
IRS990/Form990PartVIISectionAGrp/PersonNm11KEVIN DAVENPORT
IRS990/Form990PartVIISectionAGrp/PersonNm12XAVIER RICHARDSON
IRS990/Form990PartVIISectionAGrp/PersonNm13VALARIE A JONES
IRS990/Form990PartVIISectionAGrp/PersonNm14WILLIAM E BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm15EARNEST A BAZEMORE
IRS990/Form990PartVIISectionAGrp/PersonNm16NARDOS E KING
IRS990/Form990PartVIISectionAGrp/PersonNm17CLAUDE A WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm18MAKOLA M ABDULLAH
IRS990/Form990PartVIISectionAGrp/PersonNm19RESHUNDA MAHONE
IRS990/Form990PartVIISectionAGrp/PersonNm20ROBERT L TURNER JR
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/ReportableCompFromOrgAmt2045457
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/ReportableCompFromRltdOrgAmt11165529
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt18348490
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt19147039
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VSU ALUMNI ASSOCIATION PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11VSU VP FOR ADMINISTRATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt12VSU BOARD OF VISITORS
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt19VSU VP FOR INSTITUTIONAL ADVANCEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-299427
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt0382387
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0382387
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0382387
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02528230
IRS990/GrossReceiptsAmt04272099
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt015910
IRS990/InsuranceGrp/TotalAmt015910
IRS990/InvestmentIncomeGrp/ExclusionAmt0372280
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0372280
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt070634
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt061170
IRS990/InvestmentsPubTradedSecGrp/BOYAmt016531413
IRS990/InvestmentsPubTradedSecGrp/EOYAmt017736199
IRS990/IRPDocumentCnt031
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt027000
IRS990/LandBldgEquipCostOrOtherBssAmt027000
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02827657
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SUPPORT THE MISSION OF VIRGINIA STATE UNIVERSITY BY RECEIVING, MANAGING AND DISTRIBUTING DONATIONS AND CONTRIBUTIONS THAT AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt019377204
IRS990/NetAssetsOrFundBalancesEOYAmt019698296
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-299427
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-299427
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0391343
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0539978
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0514470
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0263
IRS990/OfficeExpensesGrp/TotalAmt0263
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt054684
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPORT
IRS990/OtherExpensesGrp/Desc1ATHLETIC SUPPORT
IRS990/OtherExpensesGrp/Desc2TRANSFERS TO VSU
IRS990/OtherExpensesGrp/Desc3ALUMNI AFFAIRS
IRS990/OtherExpensesGrp/ProgramServicesAmt0591491
IRS990/OtherExpensesGrp/ProgramServicesAmt1274828
IRS990/OtherExpensesGrp/ProgramServicesAmt220000
IRS990/OtherExpensesGrp/ProgramServicesAmt313254
IRS990/OtherExpensesGrp/TotalAmt0591491
IRS990/OtherExpensesGrp/TotalAmt1274828
IRS990/OtherExpensesGrp/TotalAmt220000
IRS990/OtherExpensesGrp/TotalAmt313254
IRS990/OtherLiabilitiesGrp/BOYAmt0145709
IRS990/OtherLiabilitiesGrp/EOYAmt084488
IRS990/OtherOrganizationDsc0FOUNDATION
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012790
IRS990/PayrollTaxesGrp/TotalAmt012790
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0121500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt078386
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBERT L TURNER JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROGRAM SUPPORT SERVICES
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0572786
IRS990/ProgSrvcAccomActy3Grp/Desc0SUPPORT OF ATHLETIC PROGRAMS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0274828
IRS990/ProgSrvcAccomActyOtherGrp/Desc0BAND SUPPORT, ACADEMIC SUPPORT, AND VARIOUS MISSION SUPPORT PROGRAMS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt064396
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01790272
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0875328
IRS990/PYInvestmentIncomeAmt0510229
IRS990/PYOtherExpensesAmt0973132
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0408981
IRS990/PYSalariesCompEmpBnftPaidAmt043060
IRS990/PYTotalExpensesAmt01891520
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02300501
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-70251
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02046523
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01383967
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01371589
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01790272
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02459423
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01968549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01984467
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09574300
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0372280
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0390553
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0331516
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0288921
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0237915
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01621185
IRS990ScheduleA/PublicSupportCY170Pct00.85520
IRS990ScheduleA/PublicSupportPY170Pct00.83680
IRS990ScheduleA/PublicSupportTotal170Amt09574300
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01371589
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01790272
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02459423
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01968549
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01984467
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09574300
IRS990ScheduleA/TotalSupportAmt011195485
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/BoardDesignatedBalanceEOYPct00.06960
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt017348803
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0633167
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt017970589
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0440854
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0452235
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt016379830
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0911567
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt017348803
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0831755
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0774349
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt016191088

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,798,914
Liabilities
$100,618
Net assets
$19,698,296
Revenue
$1,444,442
Expenses
$1,514,693
Net income
-$70,251
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.5$6.28$33.2$4.61$3.44$1.17
2023Detailed filing. Detailed filing data is available for this year.$36.7$6.85$29.8$5.19$2.73$2.45
2022Detailed filing. Detailed filing data is available for this year.$28.9$4.25$24.7$4.39$1.89$2.50
2021Detailed filing. Detailed filing data is available for this year.$26.8$0.43$26.4$5.93$1.46$4.47
2020Detailed filing. Detailed filing data is available for this year.$19.8$0.10$19.7$1.44$1.51$0.07
2019Detailed filing. Detailed filing data is available for this year.$19.5$0.17$19.4$2.30$1.89$0.41
2018Detailed filing. Detailed filing data is available for this year.$18.7$0.09$18.6$3.81$1.72$2.09
2017Detailed filing. Detailed filing data is available for this year.$16.8$0.21$16.6$3.58$2.60$0.98
2016Detailed filing. Detailed filing data is available for this year.$15.7$0.09$15.6$2.31$1.11$1.20
2015Detailed filing. Detailed filing data is available for this year.$15.2$0.10$15.1$2.33$2.01$0.32
2014Detailed filing. Detailed filing data is available for this year.$15.1$0.10$15.0$2.13$1.16$0.97
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$0.06$12.8$1.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$0.04$11.3$1.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$0.13$11.1$0.69