2024-11-25T10:37:48+00:00 2024-06-30 440160260 Forvis Mazars LLP 440 Monticello Ave Suite 1400 Norfolk VA 23510 990 2023-07-01 237053028 Eastern Virginia Medical School Foundation EAST 7574466051 PO BOX 5 NORFOLK VA 235010005 Mark B Dreyfus Treasurer 7574466065 2024-11-25 true true LaKrisha Castleberry P01677333 7576245100 2024-11-25 2023 2024-10-15 13:58:12Z MARK B DREYFUS PO BOX 5 NORFOLK VA 235010005 17833850 false X N/A X 1969 VA The Eastern Virginia Medical School Foundation serves to strengthen the financial security of the Eastern Virginia Medical School by accepting, investing and managing gifts, donations and bequests. 19 19 0 19 310669 262926 9942566 4363916 0 0 1867962 10165532 96146 143627 11906674 14673075 9270872 10043531 0 0 221241 226752 77336 46050 279725 883343 1356928 10452792 11673261 1453882 2999814 175187870 184852997 220890 663617 174966980 184189380 X The Eastern Virginia Medical School Foundation serves to strengthen the financial security of the Eastern Virginia Medical School by accepting, investing and managing gifts, donations and bequests. false false 5461478 5461478 143627 RESTRICTED GRANTS GIVEN TO THE EASTERN VIRGINIA MEDICAL SCHOOL FOR MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS. 1987334 1987334 APPROPRIATIONS FOR PROGRAM AND PROFESSORSHIP ENHANCEMENTS OF THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION. 1400696 1400696 APPROPRIATIONS FOR MAINTENANCE AND OPERATIONS OF THE EASTERN VIRGINIA SCHOOL FOR MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS 1194023 1194023 APPROPRIATIONS FOR STUDENT SCHOLARSHIPS AT THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION. 1194023 1194023 10043531 true true false false false false false false true false true false false true true true false false false false false false true false false false true true false false false false false false false false false true false false false false false false false false true 4 0 true 0 true true false false false false false false false false false false false X 19 19 false false false false false false false true true false false true true true true true true true true false CA CO KY ME AK MD MA MI MN NH NJ NY OH OK OR SC UT WA X Thomasin Chrisman Assistant Treasurer 7574466065 PO BOX 5 NORFOLK VA 235010005 X MARK B DREYFUS TREASURER 1.0 X X 0 0 0 SHIRLEY C BALDWIN CHAIR 1.0 X X 0 0 0 STEPHEN M SNYDER SECRETARY 1.0 X X 0 0 0 ANDREW S FINE TRUSTEE 1.0 X 0 0 0 B THOMAS MANSBACH TRUSTEE 1.0 X 0 0 0 CLYDE T CLARK JR TRUSTEE 1.0 X 0 0 0 DAWN S GLYNN TRUSTEE 1.0 X 0 0 0 Hans VonKruger TRUSTEE 1.0 X 0 0 0 JANE R SHORT TRUSTEE 1.0 X 0 0 0 KIRKLAND KELLEY TRUSTEE 1.0 X 0 0 0 LEWIS WEBB III TRUSTEE 1.0 X 0 0 0 LOUIS F RYAN TRUSTEE 1.0 X 0 0 0 MARK D MANION TRUSTEE 1.0 X 0 0 0 PATRICIA Y KING TRUSTEE 1.0 X 0 0 0 RANDOLPH HOOVER TRUSTEE 1.0 X 0 0 0 ROBERT C GOODMAN TRUSTEE 1.0 X 0 0 0 ROBIN D RAY TRUSTEE 1.0 X 0 0 0 VANDANA A PATEL TRUSTEE 1.0 X 0 0 0 VINCENT J MASTRACCO JR TRUSTEE 1.0 X 0 0 0 0 0 0 0 false false false Blackbaud PO Box 844827 Boston MA 02284 Fundraising support 253367 1 4363916 61528 4363916 0 0 0 0 0 2441826 310669 2131157 0 0 10884481 3160775 7723706 0 7723706 7723706 FUNDRAISING REIMBURSEMENT 541900 109833 109833 NET LIFE INSURANCE ACTIVITY 524298 33794 33794 0 0 0 0 143627 14673075 143627 310669 9854863 10034550 10034550 8981 8981 185954 185954 40798 40798 928 928 44108 44108 46050 46050 801758 801758 189795 0 0 189795 4476 4476 6500 6500 UBI TAX 231354 231354 SPECIAL EVENTS & OTHER 43880 43880 GENERAL EXPENSES 34123 34123 BANK CHARGES 6 6 0 0 0 0 11673261 10043531 1350005 279725 1182583 2626269 12674543 11450811 3679481 3853087 0 0 0 0 0 0 0 0 40330091 35595085 115473878 129428255 0 1847294 1899490 175187870 184852997 250 26078 0 0 220640 637539 220890 663617 X 23402219 25556995 151564761 158632385 174966980 184189380 175187870 184852997 2999814 6222586 0 X X false true X true false X 7406388 18448443 9527358 9942566 4363916 49688671 0 0 7406388 18448443 9527358 9942566 4363916 49688671 3169758 46518913 1643348 1169331 1272794 1771509 2441826 8298808 0 86798 93635 21984 32357 33794 268568 58256047 0 0.7985 0.8327 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - NET LIFE INSURANCE ACTIVITY, COLUMN A - 29702.0, COLUMN B - 30689.0, COLUMN C - 21984.0, COLUMN D - 32357.0, COLUMN E - 33794.0, COLUMN F - 148526.0; DESCRIPTION - FUNDRAISING REIMBURSEMENT, COLUMN A - 57096.0, COLUMN B - 62946.0, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 120042.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 148452972 2064694 14323795 4836912 160004549 137625711 5540258 9442238 4155235 148452972 152680070 4149324 -15050978 4152705 137625711 115609034 2571213 37865241 3365418 152680070 115186989 1698795 1919746 3196496 115609034 0.15 0.58 0.27 false false Alternative Investments 129428255 F 129428255 AMOUNT DUE TO AFFILIATES 637539 637539 X 20390743 6222586 638027 0 6860613 13530130 801758 341187 1142945 14673075 11168343 638027 0 638027 10530316 801758 341187 1142945 11673261 Schedule D, Part V, Line 4 Intended uses of endowment funds THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 200 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. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and the tax statutes of the Commonwealth of Virginia; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. Certain investment earnings may be subject to unrelated business income tax but the earnings have been immaterial. The Foundation has determined that it does not have any material unrecognized tax obligations as of June 30, 2024 and 2023. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements UBI Tax - 231354 Reimbursements from EVMS - 109833 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements UBI Tax - 231354 PAYMENTS TO FUNDRAISER AND VENDOR - REIMBURSED BY EVMS - 109833 X X X X X X true Catapult Fundraising Inc 2651 N Green Valley Pkwy Henderson NV 89014 Fundraising false 155378 35737 119641 Marketing Communication Resources 4800 E 345th St Willoughby OH 44094 Fundraising false 10313 -10313 155378 46050 109328 CA CO CT FL GA AL HI IL KS KY LA ME AK MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA AR WA WV WI true EASTERN VIRGINIA MEDICAL SCHOOL PO BOX 1980 Norfolk VA 23501 546055378 501(c)(3) 10034550 SUPPORT EVMS PROFESSORSHIPS, CHAIRS, OPERATIONS, AND SCHOLARSHIPS 1 0 Awards 7 8981 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. PROGRAM EXPENDITURES ARE MONITORED BY THE ACCOUNTING OFFICE FOR FINANCIAL AVAILABILITY AND THE DEVELOPMENT OFFICE TO MATCH THE EXPENDITURE AGAINST THE DONOR RESTRICTIONS. X 25 61528 Other - QUOTED STOCK PRICES 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The number of stock donations received (not shares) is reported. Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,194,023 including grants of $ 1,194,023) APPROPRIATIONS FOR STUDENT SCHOLARSHIPS AT THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY MANAGEMENT WITH THE ASSISTANCE OF THE EXTERNAL AUDIT FIRM. THE FORM 990 IS APPROVED BY THE FINANCE AND INVESTMENT COMMITTEE AND IS AVAILABLE FOR REVIEW BY ALL BOARD OF TRUSTEES MEMBERS PRIOR TO SUBMISSION. Form 990, Part VI, Line 12c Conflict of interest policy EACH TRUSTEE OF THE BOARD IS REQUIRED TO DISCLOSE CONFLICT OF INTEREST ANNUALLY. INDEPENDENT COMMITTEES EVAULATE CONFLICT OF INTERESTS AND TRUSTEES WITH CONFLICTS OF INTEREST ARE NOT PERMITTED TO VOTE ON PROPOSALS RELATED TO CONFLICT OF INTEREST. Form 990, Part VI, Line 15a Process to establish compensation of top management official It IS THE POLICY OF THE EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION TO PAY WAGES AND SALARIES WHICH APPROPRIATELY RECOGNIZE JOB RESPONSIBILITIES AND INDIVIDUAL PERFORMANCE AND ARE COMPETITIVE IN THE JOB MARKET IN ORDER TO ATTRACT, RETAIN, REWARD, AND MOTIVATE EMPLOYEES. THE WAGES AND SALARIES ARE PAID BY EASTERN VIRGINIA MEDICAL SCHOOL AND REIMBURSED BY THE FOUNDATION. Form 990, Part VI, Line 15b Process to establish compensation of other employees It IS THE POLICY OF THE EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION TO PAY WAGES AND SALARIES WHICH APPROPRIATELY RECOGNIZE JOB RESPONSIBILITIES AND INDIVIDUAL PERFORMANCE AND ARE COMPETITIVE IN THE JOB MARKET IN ORDER TO ATTRACT, RETAIN, REWARD, AND MOTIVATE EMPLOYEES. THE WAGES AND SALARIES ARE PAID BY EASTERN VIRGINIA MEDICAL SCHOOL AND REIMBURSED BY THE FOUNDATION. Form 990, Part VI, Line 19 Required documents available to the public UPON REQUEST Form 990, Part XII, Line 2c Change of oversight process or selection process NO CHANGES TO OVERSIGHT COMMITTEE FROM PRIOR YEAR.