Civic Intelligence

Virginia State University Foundation

990 • Fiscal year 2021 • EIN 54-6074532

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 14, 2022

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

16th percentile

0.02x

Higher debt load relative to assets than 16% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

20th percentile

0.07x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

80th percentile

$423,133

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

87th percentile

35%

Faster asset growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

311%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$26,802,449

Up $7,003,535 (+35%) from 2020

Net Assets

Up

$26,376,995

Up $6,678,699 (+34%) from 2020

Liabilities

Up

$425,454

Up $324,836 (+323%) from 2020

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin95th percentile

Revenue

Up

$5,931,802

Up $4,487,360 (+311%) from 2020

Expenses

Down

$1,458,999

Down $55,694 (-3.7%) from 2020

Net Income

Up

$4,472,803

Up $4,543,054 (+6467%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2021

Assets$26,802,449
Liabilities$425,454
Net Assets$26,376,995
Open 2021 Filing

Operations Trend

Revenue Growth96th 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

2021

Revenue$5,931,802
Expenses$1,458,999
Net Income$4,472,803
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 14, 2022
Return Version
2020v4.2
Gross Receipts
$19,424,352
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$17,736,199$23,778,500▲ $6,042,301
Savings and Temporary Cash Investments$1,383,967$1,603,595▲ $219,628
Cash and Non-Interest-Bearing Accounts$512,192$1,270,654▲ $758,462
Investments Other Securities$61,170$67,050▲ $5,880
Pledges and Grants Receivable$78,386$55,650▼ $22,736
Land, Buildings, and Equipment, Net$27,000$27,000→ $0
Total Assets$19,798,914$26,802,449▲ $7,003,535
Liabilities
Other Liabilities$84,488$405,728▲ $321,240
Accounts Payable and Accrued Expenses$6,660$19,726▲ $13,066
Deferred Revenue$9,470$0▼ $9,470
Total Liabilities$100,618$425,454▲ $324,836
Net Assets / Fund Balance
Net Assets With Donor Restrictions$19,183,826$25,772,101▲ $6,588,275
Net Assets Without Donor Restrictions$514,470$604,894▲ $90,424
Total Net Assets Fund Balance$19,698,296$26,376,995▲ $6,678,699
Total Liabilities and Net Assets / Fund Balance$19,798,914$26,802,449▲ $7,003,535

Asset Categories

AssetBook ValueDepreciationBasis
Land$27,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$17,970,589$1,156,363▲ $5,364,391$587,495$23,903,848
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
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert L Turner JrExecutive DirectorFT$40,000-$40,000
Tonya S HallVsu VP Advancement--$9,082$9,082

Board Members and Trustees

NameTitle
Brenda Stith-finchChair
Valarie a JonesVice-chair
Angel ClarkeTrustee
Beverly Everson-jonesTrustee
Claude a WoodTrustee
Emmett E Smith JrTrustee
Frank JonesTrustee
Frasier W Brickhouse IiTrustee
Irene F LoganTrustee
Iris a BullsTrustee
Kara C King BessTrustee
Nardos E KingTrustee
Wilbert J Briggs SrTrustee
William E BaileyTrustee
Harrison Bonner IiiTrustee, Exec Committee
Raul HerrerraVsu Board of Visitors
Makola M AbdullahEx-officio
Earnest a BazemoreSecretary
Samuel R Rhue SrTreasurer
Franklin H Johnson JrVsu Alumni Association Pre
Kevin DavenportVsu VP Finance
Revenue and Support

Revenue Composition

Contributions and Grants
$2,555,554
Program Service Revenue
$0
Investment Income
$3,376,248
Other Revenue
$0
All Other Contributions
$2,546,084
Change in Net Assets
$4,472,803

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,931,802
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,205,896
Total Revenue per Audited Statements
$8,137,698
Total Revenue per Form 990
$5,931,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$793,186
Grants and Similar Amounts Paid$565,992
Salaries, Compensation, and Employee Benefits$99,821
Total Fundraising Expense$43,750
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$565,992--$565,992
Fees for Service Investment Mgmnt Fees-$85,322-$85,322
Fees for Services Accounting-$59,548-$59,548
Other Salaries and Wages--$43,750$43,750
Current Officers, Directors, Trustees, and Key Employees$10,000$23,238-$33,238
Occupancy-$30,000-$30,000
Payroll Taxes-$22,833-$22,833
Insurance-$16,837-$16,837
All Other Expenses$850$604-$1,454
Other Expenses$1,000$957-$957
Office Expenses-$2-$2
Total Functional Expenses$1,175,908$239,341$43,750$1,458,999

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,458,999
Total Expenses per Audited Statements$1,458,999
Total Expenses per Form 990$1,458,999
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$405,728
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

“Makola abdullah is an ex-officio board member. Two board members, kevin davenport and tonya hall, work for virginia state university, a related party, and are not independent.”

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
2022-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert L Turner Jr
Formed
1968
Legal Domicile
Va
Voting Board Members
21
Independent Board Members
19
Employees
2
Volunteers
15

Preparer

Firm
Brown Edwards & Company Llp
Address
701 TOWN CENTER DRIVE, NEWPORT NEWS, VA 23606
Preparer
Leslie F 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 635 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/BOYAmt06660
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt019726
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/AllOtherContributionsAmt02546084
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0604
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0850
IRS990/AllOtherExpensesGrp/TotalAmt01454
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/BOYAmt0512192
IRS990/CashNonInterestBearingGrp/EOYAmt01270654
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt023238
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt010000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt033238
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02555554
IRS990/CYGrantsAndSimilarPaidAmt0565992
IRS990/CYInvestmentIncomeAmt03376248
IRS990/CYOtherExpensesAmt0793186
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt04472803
IRS990/CYSalariesCompEmpBnftPaidAmt099821
IRS990/CYTotalExpensesAmt01458999
IRS990/CYTotalFundraisingExpenseAmt043750
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05931802
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt09470
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SCHOLARSHIPS AND AWARDS TO STUDENTS. 276 SCHOLARSHIPS WERE AWARDED DURING THE YEAR.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt019183826
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt025772101
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0565992
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt059548
IRS990/FeesForServicesAccountingGrp/TotalAmt059548
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt085322
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt085322
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt125.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt145.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt162.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt172.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt182.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt192.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt202.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt212.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2240.00
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/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
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/OtherCompensationAmt1020262
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1790785
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/PersonNm0BEVERLY EVERSON-JONES
IRS990/Form990PartVIISectionAGrp/PersonNm1EMMETT E SMITH JR
IRS990/Form990PartVIISectionAGrp/PersonNm2SAMUEL R RHUE SR
IRS990/Form990PartVIISectionAGrp/PersonNm3FRANKLIN H JOHNSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm4FRANK JONES
IRS990/Form990PartVIISectionAGrp/PersonNm5HARRISON BONNER III
IRS990/Form990PartVIISectionAGrp/PersonNm6WILBERT J BRIGGS SR
IRS990/Form990PartVIISectionAGrp/PersonNm7BRENDA STITH-FINCH
IRS990/Form990PartVIISectionAGrp/PersonNm8FRASIER W BRICKHOUSE II
IRS990/Form990PartVIISectionAGrp/PersonNm9IRENE F LOGAN
IRS990/Form990PartVIISectionAGrp/PersonNm10KEVIN DAVENPORT
IRS990/Form990PartVIISectionAGrp/PersonNm11RAUL HERRERRA
IRS990/Form990PartVIISectionAGrp/PersonNm12VALARIE A JONES
IRS990/Form990PartVIISectionAGrp/PersonNm13WILLIAM E BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm14EARNEST A BAZEMORE
IRS990/Form990PartVIISectionAGrp/PersonNm15NARDOS E KING
IRS990/Form990PartVIISectionAGrp/PersonNm16CLAUDE A WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm17MAKOLA M ABDULLAH
IRS990/Form990PartVIISectionAGrp/PersonNm18ANGEL CLARKE
IRS990/Form990PartVIISectionAGrp/PersonNm19TONYA S HALL
IRS990/Form990PartVIISectionAGrp/PersonNm20KARA C KING BESS
IRS990/Form990PartVIISectionAGrp/PersonNm21IRIS A BULLS
IRS990/Form990PartVIISectionAGrp/PersonNm22ROBERT 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/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2240000
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/ReportableCompFromRltdOrgAmt10187671
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17332348
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt199082
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VSU ALUMNI ASSOCIATION PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE, EXEC COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10VSU VP FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt11VSU BOARD OF VISITORS
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19VSU VP ADVANCEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt03031946
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt09470
IRS990/GrantAmt0565992
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0565992
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0565992
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt016524496
IRS990/GrossReceiptsAmt019424352
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt016837
IRS990/InsuranceGrp/TotalAmt016837
IRS990/InvestmentIncomeGrp/ExclusionAmt0344302
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0344302
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt061170
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt067050
IRS990/InvestmentsPubTradedSecGrp/BOYAmt017736199
IRS990/InvestmentsPubTradedSecGrp/EOYAmt023778500
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt027000
IRS990/LandBldgEquipCostOrOtherBssAmt027000
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt013492550
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/NetAssetsOrFundBalancesBOYAmt019698296
IRS990/NetAssetsOrFundBalancesEOYAmt026376995
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt03031946
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03031946
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02205896
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0514470
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0604894
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt030000
IRS990/OccupancyGrp/TotalAmt030000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02
IRS990/OfficeExpensesGrp/TotalAmt02
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPORT
IRS990/OtherExpensesGrp/Desc1ATHLETIC SUPPORT
IRS990/OtherExpensesGrp/Desc2AGRICULTURAL ALUMNI
IRS990/OtherExpensesGrp/Desc3PAYROLL PROCESSING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0957
IRS990/OtherExpensesGrp/ProgramServicesAmt0513460
IRS990/OtherExpensesGrp/ProgramServicesAmt184606
IRS990/OtherExpensesGrp/ProgramServicesAmt21000
IRS990/OtherExpensesGrp/TotalAmt0513460
IRS990/OtherExpensesGrp/TotalAmt184606
IRS990/OtherExpensesGrp/TotalAmt21000
IRS990/OtherExpensesGrp/TotalAmt3957
IRS990/OtherLiabilitiesGrp/BOYAmt084488
IRS990/OtherLiabilitiesGrp/EOYAmt0405728
IRS990/OtherOrganizationDsc0FOUNDATION
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt043750
IRS990/OtherSalariesAndWagesGrp/TotalAmt043750
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022833
IRS990/PayrollTaxesGrp/TotalAmt022833
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt078386
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt055650
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBERT L TURNER JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROGRAM SUPPORT SERVICES
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0513460
IRS990/ProgSrvcAccomActy3Grp/Desc0SUPPORT OF ATHLETIC PROGRAMS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt084606
IRS990/ProgSrvcAccomActyOtherGrp/Desc0BAND SUPPORT, ACADEMIC SUPPORT, AND VARIOUS MISSION SUPPORT PROGRAMS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt011850
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01371589
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0382387
IRS990/PYInvestmentIncomeAmt072853
IRS990/PYOtherExpensesAmt01083368
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-70251
IRS990/PYSalariesCompEmpBnftPaidAmt048938
IRS990/PYTotalExpensesAmt01514693
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01444442
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04472803
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01383967
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01603595
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02555554
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01371589
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01790272
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02459423
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01968549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010145387
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0344302
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0372280
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0390553
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0331516
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0288921
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01727572
IRS990ScheduleA/PublicSupportCY170Pct00.85450
IRS990ScheduleA/PublicSupportPY170Pct00.85520
IRS990ScheduleA/PublicSupportTotal170Amt010145387
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02555554
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01371589
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01790272
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02459423
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01968549
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010145387
IRS990ScheduleA/TotalSupportAmt011872959
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,802,449
Liabilities
$425,454
Net assets
$26,376,995
Revenue
$5,931,802
Expenses
$1,458,999
Net income
$4,472,803
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