Civic Intelligence

Old Dominion University Museum Foundation

990 • Fiscal year 2017 • EIN 81-2652321

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 05, 2017

4417 Monarch Way 4th FloorNorfolk, VA 23529

(757) 683-3144

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$5,227,877

No earlier filing loaded for comparison.

Net Assets

$5,205,175

No earlier filing loaded for comparison.

Liabilities

$22,702

No earlier filing loaded for comparison.

Revenue

$5,293,525

No earlier filing loaded for comparison.

Expenses

$88,350

No earlier filing loaded for comparison.

Net Income

$5,205,175

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2017: $5,227,877Liabilities 2017: $22,702Net Assets 2017: $5,205,1752017Assets 2018: $7,451,052Liabilities 2018: $185,506Net Assets 2018: $7,265,5462018Assets 2019: $7,302,264Liabilities 2019: $18,479Net Assets 2019: $7,283,7852019Assets 2020: $7,959,862Liabilities 2020: $39,747Net Assets 2020: $7,920,1152020Assets 2021: $7,551,637Liabilities 2021: $51,728Net Assets 2021: $7,499,9092021Assets 2022: $8,337,804Liabilities 2022: $100,810Net Assets 2022: $8,236,9942022Assets 2023: $7,881,425Liabilities 2023: $93,031Net Assets 2023: $7,788,3942023Assets 2024: $12,993,400Liabilities 2024: $33,975Net Assets 2024: $12,959,4252024

Highlighted filing

2017

Assets$5,227,877
Liabilities$22,702
Net Assets$5,205,175

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2017: $5,293,525Expenses 2017: $88,350Net Income 2017: $5,205,1752017Revenue 2018: $1,289,234Expenses 2018: $1,235,991Net Income 2018: $53,2432018Revenue 2019: $1,284,720Expenses 2019: $1,266,481Net Income 2019: $18,2392019Revenue 2020: $1,377,015Expenses 2020: $740,685Net Income 2020: $636,3302020Revenue 2021: $355,534Expenses 2021: $775,740Net Income 2021: -$420,2062021Revenue 2022: $1,813,062Expenses 2022: $1,072,069Net Income 2022: $740,9932022Revenue 2023: $724,703Expenses 2023: $1,177,514Net Income 2023: -$452,8112023Revenue 2024: $8,993,448Expenses 2024: $3,832,022Net Income 2024: $5,161,4262024

Highlighted filing

2017

Revenue$5,293,525
Expenses$88,350
Net Income$5,205,175
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 5, 2017
Return Version
2016v3.1
Gross Receipts
$5,293,525
Mission and Program Overview

Mission

The barry art museum is a cultural hub at old dominion university that advances the understanding of art in its many diverse forms through collecting, display, interpretation, and research. It strives to communicate the results of these endeavors to the widest possible audience through publication, exhibition, educational programs, and collections stewardship.

Operates the barry art museum in accordance with the educational and research mission of old dominion university

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$4,793,483▲ $4,793,483
Cash and Non-Interest-Bearing Accounts$0$428,685▲ $428,685
Prepaid Expenses and Deferred Charges$0$5,709▲ $5,709
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$0$5,227,877▲ $5,227,877
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$22,702▲ $22,702
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$22,702▲ $22,702
Net Assets / Fund Balance
Temporarily Rstr Net Assets$0$4,793,483▲ $4,793,483
Unrestricted Net Assets$0$411,692▲ $411,692
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$0$5,205,175▲ $5,205,175
Total Liabilities and Net Assets / Fund Balance$0$5,227,877▲ $5,227,877
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard F Barry IiiPresident
Carolyn K BarryVice President
Lewis W Webb IiiDirector
Jutta-annette PageExecutive Director
David R GoodeAssistant Secretary
Kathleen a BroderickSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,293,483
Program Service Revenue
$0
Investment Income
$42
Other Revenue
$0
All Other Contributions
$5,293,483
Change in Net Assets
$5,205,175

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,293,525
Revenue Not Reported on Form 990
$7,500
Total Revenue per Audited Statements
$5,301,025
Total Revenue per Form 990
$5,293,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$88,350
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$66,949$11,153-$78,102
Fees for Services Legal$4,275$325-$4,600
Office Expenses-$636-$636
All Other Expenses-$6-$6
Total Functional Expenses$71,224$17,126$0$88,350

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$95,850
Expenses per Audited Statements$88,350
Total Expenses per Form 990$88,350
Expenses Not Reported on Form 990$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

990 Part VI, Line 11, Process to Revise 990

The board receives the 990 electronically for review before filing.

990 Part VI, Line 19 Availability of 990

We provide the 990 upon request.

Form 990, Part VI, 12C Governance, Management, and Disclosures

Once the forms are received, management reviews them to ensure there are no issues.

990 Part VI, Line 15, Compensation Review

The foundation relies on old dominion university's written contracts and board of visitors approvals of compensation of the top management of the foundation.

Filing and Contact Details

Filer

Filer Name
Old Dominion University Museum Foundation
EIN
81-2652321
In Care Of
% DIRECTOR OF ACCOUNTING
Phone
7576833144
Address
4417 Monarch Way 4th Floor, Norfolk, VA 23529

Signing Officer

Name
Jutta-annette Page
Title
Executive Director
Phone
7576835167
Signed
2017-12-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jutta-annette Page
Formed
2016
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Bdo USA Llp
Address
150 Boush Street Suite 1100, Norfolk, VA 23510
Preparer
James E Prince III
Phone
7576407190
Supplemental Narrative

Additional Explanations

Part 1, Line 1, Mission Statement

The Old Dominion University Museum Foundation is a non-stock, not-for-profit organization whose sole purpose is to operate the Barry Art Museum in accordance with the educational and research mission of Old Dominion University.

Financial Statement Notes

Fin48

Management continually evaluates tax positions reflected in the Corporation's tax filings and does not believe that any material uncertain tax positions exist.

Form 990, Schedule D, Part XI, Line 2D

Donated facilities and administration

Form 990, Schedule D, Part XII, Line 2D

Donated facilities and administration

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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt05205175
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
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IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OLD DOMINION UNIVERSITY - THE ORGANIZATION'S SOLE PURPOSE IS TO FINANCIALLY AID AND SUPPORT THE ARTS PROGRAMS OF THE UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION WILL OPERATE A MUSEUM LOCATED ON CAMPUS AT OLD DOMINION UNIVERSITY AND WILL PROVIDE A VALUABLE TOOL FOR BOTH STUDENTS AND PROFESSORS. THE MUSEUM WILL ASSIST STUDENTS IN IMPROVING THEIR EDUCATIONAL EXPERIENCE, AS WELL AS HELP UNIVERSITY PROFESSORS DEVELOP THEIR CURRICULUM. THE UNIVERSITY WILL HOUSE AND EXHIBIT WORKS OF ART OWNED OR ACQUIRED BY THE UNIVERSITY OR ITS AFFILIATES IN THE MUSEUM.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SECTION E, LINE 2B
IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0OLD DOMINION UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt07500
IRS990ScheduleD/DonatedServicesUseFcltsAmt07500
IRS990ScheduleD/ExpensesNotReportedAmt07500
IRS990ScheduleD/ExpensesSubtotalAmt088350
IRS990ScheduleD/RevenueNotReportedAmt07500
IRS990ScheduleD/RevenueSubtotalAmt05293525
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management continually evaluates tax positions reflected in the Corporation's tax filings and does not believe that any material uncertain tax positions exist.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DONATED FACILITIES AND ADMINISTRATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DONATED FACILITIES AND ADMINISTRATION
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN48
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, SCHEDULE D, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, SCHEDULE D, PART XII, LINE 2D
IRS990ScheduleD/TotalExpensesPerForm990Amt088350
IRS990ScheduleD/TotalRevenuePerForm990Amt05293525
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05301025
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt095850
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD RECEIVES THE 990 ELECTRONICALLY FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE PROVIDE THE 990 UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ONCE THE FORMS ARE RECEIVED, MANAGEMENT REVIEWS THEM TO ENSURE THERE ARE NO ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Old Dominion University Museum Foundation is a non-stock, not-for-profit organization whose sole purpose is to operate the Barry Art Museum in accordance with the educational and research mission of Old Dominion University.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION RELIES ON OLD DOMINION UNIVERSITY'S WRITTEN CONTRACTS AND BOARD OF VISITORS APPROVALS OF COMPENSATION OF THE TOP MANAGEMENT OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0990 PART VI, LINE 11, PROCESS TO REVISE 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1990 PART VI, LINE 19 AVAILABILITY OF 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, 12C GOVERNANCE, MANAGEMENT, AND DISCLOSURES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART 1, LINE 1, MISSION STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4990 PART VI, LINE 15, COMPENSATION REVIEW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OLD DOMINION UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0546000884
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05115 HAMPTON BLVD N
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NORFOLK
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd023529
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NA - NO COVERED RELATIONSHIPS PRESENT
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04793483
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt00
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IRS990/TotalAssetsGrp/EOYAmt05227877
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05293483
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017126

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