2024-08-16T08:06:39-05:00 2023-12-31 BDO USA 300 E Main St Ste 1300 Norfolk VA 23510 990 2023-01-01 546052014 OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION % CFO - FOUNDATIONS OLDD 7576834524 4417 MONARCH WAY 4TH FLOOR NORFOLK VA 23529 ALONZO BRANDON EXECUTIVE DIRECTOR 7576834524 2024-08-15 true true Marc Berger P01871563 7576407190 2024-08-15 2023 2024-08-08 14:25:15Z ALONZO BRANDON 4417 MONARCH WAY 4TH FLOOR NORFOLK VA 23529 129323903 false X N/A X 1955 VA SEE SCHEDULE O SUPPLEMENTAL INFORMATION FOR ORGANIZATION'S MISSION 30 30 1 34 698548 0 5785585 26365746 0 0 21962671 6617612 797437 793676 28545693 33777034 16216383 14427898 0 0 0 0 0 0 713111 3140113 3574910 19356496 18002808 9189197 15774226 344230798 374805050 76707401 75111233 267523397 299693817 OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION WAS ESTABLISHED TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF OLD DOMINION UNIVERSITY. false false 14570860 14427898 831366 TO ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY TO SUPPORT THE MISSION, OBJECTIVES AND PROGRAMS OF OLD DOMINION UNIVERSITY. THE FOUNDATION PROVIDES SUPPLEMENTAL FUNDS TO HELP DEFRAY OPERATING COSTS OF ACADEMIC DEPARTMENTS AND SPECIAL PROJECTS. THE SUPPLEMENTAL FUNDS ARE USED TO PROVIDE STUDENT AND FACULTY SCHOLARSHIPS/AWARDS, EMINENT SCHOLAR PROFESSORSHIPS, FACULTY SALARIES AND FACULTY RESEARCH. THE FOUNDATION ALSO PROVIDES FUNDING FOR UNIVERSITY DEVELOPMENT, CAPITAL PROJECTS AND SUBSTANTIAL SUPPORT OF OPERATIONS OF THE LIBRARY AND ITS COLLECTIONS. 14570860 true true false false false false false false false true true true false false true true true false false false true false false false false false false true false false false false false false false false false false true false false false false false false false false true 24 0 true 1 true true true false false false false false false false false false false false X 30 30 false false false false false false false true true false false true true true true true true false false false VA X CFO - FOUNDATIONS 7576834471 4417 MONARCH WAY 4TH FLOOR NORFOLK VA 23529 X PRESCOTT SHERROD CHAIRMAN 1.0 0.0 X X 0 0 0 BRUCE T BISHOP VICE CHAIR 0.5 0.0 X X 0 0 0 CAROLINE MCCARTNEY SECRETARY 0.2 0.0 X X 0 0 0 GARRET A ALCARAZ TREASURER 0.5 0.0 X X 0 0 0 JACQUELINE B AMATO TRUSTEE 0.1 0.0 X 0 0 0 BETSY ATKINSON TRUSTEE 0.1 0.0 X 0 0 0 JAMES W BEAMER TRUSTEE 0.1 0.0 X 0 0 0 JOE E CARTER TRUSTEE 0.1 0.0 X 0 0 0 KIM CURTIS TRUSTEE 0.1 0.0 X 0 0 0 JANET A ELLIS TRUSTEE 0.1 0.0 X 0 0 0 GARY A GILMORE TRUSTEE 0.1 0.0 X 0 0 0 WEYMAN GONG TRUSTEE 0.1 0.0 X 0 0 0 ALTON J HARRIS TRUSTEE 0.1 0.0 X 0 0 0 RICHARD T HARRIS TRUSTEE 0.1 0.0 X 0 0 0 LUKE HILLIER TRUSTEE 0.1 0.0 X 0 0 0 JAMES J IZARD II TRUSTEE 0.1 0.0 X 0 0 0 ROBERT M KING JR TRUSTEE 0.1 0.0 X 0 0 0 MARY MANISCALCO-THEBERGE TRUSTEE 0.1 0.0 X 0 0 0 WILLIAM MONROE TRUSTEE 0.1 0.0 X 0 0 0 JOHNATHAN REED TRUSTEE 0.1 0.0 X 0 0 0 LISA B SMITH TRUSTEE 0.1 0.0 X 0 0 0 KEVIN STEVENSON TRUSTEE 0.1 0.0 X 0 0 0 L SCOTT TRAINUM TRUSTEE 0.1 0.0 X 0 0 0 BRAD WAITZER TRUSTEE 0.1 0.0 X 0 0 0 MARK WARDEN TRUSTEE 0.1 0.0 X 0 0 0 THOMAS T WINBORNE TRUSTEE 0.1 0.0 X 0 0 0 RICK WYATT TRUSTEE 0.1 0.0 X 0 0 0 ROB KREBS TRUSTEE 0.1 0.0 X 0 0 0 KENNETH RODMAN TRUSTEE 0.1 0.0 X 0 0 0 BRIAN O HEMPHILL EX-OFFICIO 0.1 0.0 X 0 0 0 ANDRE WELLS EX-OFFICIO (THRU 06/23) 0.1 0.0 X 0 0 0 JANET CARTER EX-OFFICIO (FROM 06/23) 0.1 0.0 X 0 0 0 CINDY GALL ASST. SECRETARY 13.0 0.0 X 0 0 0 MICHAEL LAROCK ASST. TREASURER 13.0 0.0 X 0 0 0 ALONZO BRANDON EX-OFFICIO/EXECUTIVE DIRECTOR 10.0 0.0 X 0 0 0 0 0 0 0 false false false ROBERT HALF 12400 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 TEMPORARY ACCOUNTING 189541 THE CURTIS GROUP 2512 SHEPHERDS LANE VIRGINIA BEACH VA 23454 FNDRSNG. CSLTG. SVC. 110000 2 26365746 283659 26365746 0 6015757 698548 5317209 0 0 205601 243291 -37690 0 -37690 -37690 95905433 95303578 601855 601855 601855 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 831366 831366 831366 33777034 831366 698548 5881374 X 14427898 14427898 0 0 0 0 0 0 0 0 0 0 9618 9618 52700 52700 0 0 1132928 1132928 124217 24217 100000 0 16082 15685 397 7669 7669 0 0 177690 18383 10798 148509 0 0 0 0 199 199 3985 3985 PERSONNEL 1759221 1376368 382853 MISCELLANEOUS EXPENSES 99353 33214 9159 56980 AWARDS 42282 42282 MEALS AND BANQUET SERVICES 36363 8327 6671 21365 112603 40756 68840 3007 18002808 14570860 2718837 713111 598972 738550 0 0 7681958 23798402 266669 117527 0 0 0 0 0 0 0 0 0 0 3970425 68243 4021508 3902182 215902213 228584466 115501448 117408490 0 0 0 0 258030 255433 344230798 374805050 534972 438843 0 0 0 0 0 0 0 0 0 0 0 0 0 0 76172429 74672390 76707401 75111233 X 20281592 21449539 247241805 278244278 267523397 299693817 344230798 374805050 X 15774226 16886182 -489988 X X false true X true false X 15285625 6346564 21271009 5785585 26365746 75054529 0 0 15285625 6346564 21271009 5785585 26365746 75054529 26657637 48396892 2956666 3340666 7739921 20893696 5317209 40248158 438725 535721 952133 2032338 698548 4657465 330863 325889 392808 894566 831366 2775492 122735644 0.39432 0.48242 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 243984787 3237699 21059224 0 11226621 257055089 274964087 4124379 -23844893 0 11258786 243984787 228589798 11107805 45549424 2664134 7618806 274964087 205763070 7074463 25158413 2394972 7011176 228589798 175611892 8445262 30680935 2228097 6746922 205763070 0.05390 0.58330 0.36280 false false 0 924000 924000 0 3276000 297818 2978182 0 68243 68243 0 0 0 0 0 3902182 0 0 FUNDS HELD FOR RELATED ENTITIE 74062510 SPLIT INTEREST LIABILITY 608380 OTHER LIABILITIES 1500 74672390 49040300 16886182 16886182 32154118 1132928 489988 1622916 33777034 16869880 16869880 1132928 1132928 18002808 PART V, LINE 4 THE FOUNDATION'S ENDOWMENT CONSISTS OF 672 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2 THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. EXEMPT ORGANIZATIONS ARE SUBJECT TO TAX ON INCOME FROM REGULARLY CONDUCTED TRADE OR BUSINESS ACTIVITIES THAT ARE NOT SUBSTANTIALLY RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE. THE FOUNDATION DID NOT HAVE A DEFERRED TAX ASSET AT DECEMBER 31, 2022 AND HAD A DECREASE IN THE VALUATION ALLOWANCE WAS $248,674 FOR THE YEAR ENDED DECEMBER 31, 2022. TAX YEARS BEFORE 2020 ARE NO LONGER SUBJECT TO EXAMINATIONS. MANAGEMENT CONTINUALLY EVALUATES TAX POSITIONS REFLECTED IN THE FOUNDATION'S TAX FILINGS AND DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST. PART XI, LINE 4B - OTHER DECREASE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE $306,209 PLUS THE DECREASE IN THE VALUE OF SPLIT INTEREST AGREEMENTS $183,779. Central America and the Caribbean 0 0 Investments NONE 4853026 0 0 0 0 4853026 4853026 true false false false true false true OLD DOMINION UNIVERSITY 5115 HAMPTON BLVD4TH FL NORFOLK VA 23529 546000884 GOVERNMENT 13387879 SEE PART IV OLD DOMINION UNVERSITY ALUMNI ASSOCIATION 4417 MONARCH WAY4TH FL NORFOLK VA 23529 541379119 501(c)(3) 278259 SEE PART IV OLD DOMINION UNIVERSITY REAL ESTATE FDN 4417 Monarch Way 4TH fL NORFOLK VA 23529 541744996 501(C)(3) 75000 SEE PART VI OLD DOMINION UNIVERSITY MUSEUM FOUNDATION 4417 Monarch Way 4TH FL NORFOLK VA 23529 812652321 501(C)(3) 74000 SEE PART IV 4 0 Part I, Line 2 THE FOUNDATION PROVIDES FUNDS TO OLD DOMINION UNIVERSITY FOR SCHOLARSHIP AND PROGRAM ACTIVITIES BASED ON THE DONOR'S INTENTIONS. ALL DONOR RESTRICTIONS ARE FORWARDED TO THE APPROPRIATE UNIVERSITY OFFICIALS. DISBURSEMENT OF THE FUNDS IS MANAGED AND MONITORED BY THE UNIVERSITY IN COMPLIANCE WITH RESTRICTIONS AND IN ACCORDANCE WITH UNIVERSITY POLICIES AND PROCEDURE. THE PURPOSE OF THE GRANTS REPORTED IN PART II ARE TO ASSIST THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF OLD DOMINION UNIVERSITY AND THE ACTIVITIES AND OBJECTIVES OF OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION, OLD DOMINION UNIVERSITY ALUMNI ASSOCIATION, AND OLD DOMINION UNIVERSITY MUSEUM FOUNDATION. PART II, PURPOSE OF GRANT OR ASSISTANCE TO ASSIST WITH THE ACTIVITIES AND OBJECTIVES OF EACH ORGANIZATION. X 26 283500 SELLING PRICE X MISC. ITEMS 1 159 FAIR MKT VALUE false true false SCHEDULE M, PART I, COLUMN (B) FOR LINE 9(B), THE NUMBER OF STOCK DONATIONS RECEIVED (NOT SHARES) IS REPORTED. FORM 990, PART I, LINE 1 OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION WAS ESTABLISHED TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF ODU. FORM 990, PART VI, SECTION B, LINE 11B THE 990 TAX FORMS ARE REVIEWED BY THE FINANCE AND AUDIT AND EXECUTIVE COMMITTEES AND ARE PROVIDED TO VOTING MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ONCE THE ANNUAL INTEREST DISCLOSURE FORMS ARE RECEIVED, MANAGEMENT REVIEWS THEM TO ENSURE THAT THERE ARE NO ISSUES. IN THE EVENT OF A CONFLICT OF INTEREST, THE AFFECTED TRUSTEE WILL ABSTAIN FROM PARTICIPATING IN THE DISCUSSION OF THE MATTER AND FROM VOTING ON IT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24A THE FOUNDATION HAS ENTERED INTO A STAFF SUPPORT AGREEMENT WITH THE UNIVERSITY IN WHICH THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE COST OF CERTAIN STAFF MEMBERS PROPORTIONATE TO THE TIME DEVOTED TO SERVING THE FOUNDATION. FORM 990, PART XII, LINE 2C THE FOUNDATION'S FINANCE AND AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. FORM 990, PART XI, LINE 9 DECREASE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE $306,209 PLUS THE DECREASE IN THE VALUE OF SPLIT INTEREST AGREEMENTS $183,779.