2022-10-07T14:00:50-05:00 2021-12-31 BDO USA LLP 150 Boush Street Suite 1100 Norfolk VA 23510 990 2021-01-01 546051933 Old Dominion Athletic Foundation % DIRECTOR OF ACCOUNTING/CFO OLDD 7576834524 4417 Monarch Way4th Floor Norfolk VA 23529 Alonzo Brandon Executive Director 7576834524 2022-10-07 true Alonzo Brandon 999009999 Marc Berger P01871563 7576407190 3 2021 2022-09-23 18:48:47Z Alonzo Brandon 4417 Monarch Way4th Floor Norfolk VA 23529 10473698 false X www.olddominionaf.com X 1964 VA SEE SCHEDULE O SUPPLEMENTAL INFORMATION FOR ORGANIZATION'S MISSION 40 40 0 48 0 0 10855231 6624651 0 0 115494 21047 45854 -11571 11016579 6634127 7719214 6279353 0 0 0 0 0 0 151756 354655 2003192 8073869 8282545 2942710 -1648418 67759888 75318666 240049 734113 67519839 74584553 X THE MISSION OF OLD DOMINION UNVERSITY ATHLETIC FOUNDATION IS: A. TO FINANCIALLY AID AND SUPPORT THE ATHLETIC PROGRAMS OF OLD DOMINION UNIVERSITY. B. TO STRENGTHEN AND SUPPORT THE EDUCATIONAL PURPOSES OF OLD DOMINION UNIVERSITY'S ATHLETIC PROGRAMS IN ACCORDANCE WITH THE RULES AND REGULATIONS OF THE NCAA AND THE APPROPRIATE AFFILIATED CONFERENCE(S) AND THE UNIVERSITY. false false 7905532 6279353 0 TO PROVIDE SUPPORT TO THE OLD DOMINION UNIVERSITY ATHLETIC PROGRAMS, TO INCLUDE SCHOLARSHIPS FOR STUDENT ATHLETES, AND PROVIDE PROGRAM SUPPORT FOR THE NCAA DIVISION I SPORTS PROGRAMS IN WHICH THE UNIVERSITY COMPETES. PROGRAM SUPPORT INCLUDES FUNDING FOR TRAVEL AND TRANSPORTATION, SUPPLIES, EQUIPMENT AND MAINTENANCE. 7905532 true true false false false false false false false true true false false true true false true false false false false false false false true false false true false false false false false false false false false false true false false false false false false false false true 8 0 true 0 false false false false true true true true false false false true false false false X 40 40 false false false false false false false true true false false true true true true true true false false false VA X DIRECTOR OF ACCOUNTINGCFO 7576834471 4417 MONARCH WAY 4TH FLOOR NORFOLK VA 23529 X Richard A McGrath Chair 0.3 0.0 X X 0 0 0 H Scott Hardison First Vice Chair 0.3 0.0 X X 0 0 0 Kelly Till Second Vice Chair 0.3 0.0 X X 0 0 0 Thomas F Cherry Secretary/Treasurer 0.3 0.0 X X 0 0 0 Monique Adams Trustee 0.1 0.0 X 0 0 0 Jerry Bowman Trustee 0.1 0.0 X 0 0 0 William Brothers Trustee 0.1 0.0 X 0 0 0 Gerald P Brunick Trustee 0.1 0.0 X 0 0 0 Audra Bullock Trustee 0.1 0.0 X 0 0 0 Jeffrey S Chernitzer Trustee 0.1 0.0 X 0 0 0 Daniel J Clarkson Trustee 0.1 0.0 X 0 0 0 Carol Curtis Trustee 0.1 0.0 X 0 0 0 Trey Dudley Trustee 0.1 0.0 X 0 0 0 Michael Fowler Trustee 0.1 0.0 X 0 0 0 Jerome B Friedman Trustee 0.1 0.0 X 0 0 0 Amy Frostick Trustee 0.1 0.0 X 0 0 0 Wayne G Gomes Trustee 0.1 0.0 X 0 0 0 Charles G Hackworth II Trustee 0.1 0.0 X 0 0 0 Brian K Holland Trustee 0.1 0.0 X 0 0 0 Thomas M Johnston Trustee 0.1 0.0 X 0 0 0 Richard F Kiefner Jr Trustee 0.1 0.0 X 0 0 0 Barry M Kornblau Trustee 0.1 0.0 X 0 0 0 Jeffrey D Kornblau Trustee 0.1 0.0 X 0 0 0 Robert G Krebs Trustee 0.1 0.0 X 0 0 0 Jeremy McLendon Trustee 0.1 0.0 X 0 0 0 Joseph Mersel Trustee 0.1 0.0 X 0 0 0 EG Middleton III Trustee 0.1 0.0 X 0 0 0 Georgina Miller Trustee 0.1 0.0 X 0 0 0 Alex Mitchum Trustee 0.1 0.0 X 0 0 0 Robin D Ray Trustee 0.1 0.0 X 0 0 0 Edward J Reed Trustee 0.1 0.0 X 0 0 0 Ronald C Ripley Trustee 0.1 0.0 X 0 0 0 Conrad Shumadine Trustee 0.1 0.0 X 0 0 0 James S Somers Trustee 0.1 0.0 X 0 0 0 Richard B Thurmond Trustee 0.1 0.0 X 0 0 0 Russell S Turner Trustee 0.1 0.0 X 0 0 0 W Russell Turner Trustee 0.1 0.0 X 0 0 0 Kathryn M Van Buren Trustee 0.1 0.0 X 0 0 0 Wm Adam White Trustee 0.1 0.0 X 0 0 0 John R Broderick Ex-Officio (THRU 6/2021) 0.0 0.0 X 0 0 0 Brian Hemphill Ex-Officio (Begin 7/2021) 0.1 0.0 X 0 0 0 Jennifer Keenan Ex-Officio (THRU 6/2021) 0.0 0.0 X 0 0 0 Camden Wood Selig Ex-Officio 0.1 0.0 X 0 0 0 Andre Wells Ex-Officio (Begin 7/2021) 0.1 0.0 X 0 0 0 Donna Manglicmot Assistant Secretary 13.0 0.0 X 0 0 0 Margaret Libby Assistant Treasurer 9.0 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 Aramark Services Inc 4320 Hampton Boulevard NORFOLK VA 23529 Food and Banquet Svc 135345 Taymar Sales U LLC 210 N Pine Valley Road WINSTON SALEM NC 27104 Ticket Sales Mgt Svc 105000 4 158946 6465705 558174 6624651 0 24829 24829 0 0 0 0 0 3649649 3653431 -3782 -3782 -3782 174569 158946 186140 -11571 -11571 0 0 0 0 0 0 0 6634127 9476 6279353 6279353 0 0 0 0 0 0 0 0 0 0 0 62350 62350 0 0 250 250 112908 78750 350 33808 0 4504 1800 2704 0 0 0 415101 404019 11082 0 0 0 0 13978 9201 4777 6533 6533 EQUIPMENT 424000 424000 GAME TICKETS AND GUARANTEES 406950 399500 7450 MEALS AND BANQUET SERVICES 190842 105126 1050 84666 SERVICES CHARGES 105974 3 105971 259802 199047 53486 7269 8282545 7905532 225257 151756 450823 515144 0 0 16056119 13074615 308376 84992 0 0 0 0 0 0 0 0 0 0 496748 406036 27723 90712 6608996 9934678 0 0 0 0 0 0 44307851 51618525 67759888 75318666 77602 388177 0 0 0 0 0 0 0 0 0 0 0 0 0 0 162447 345936 240049 734113 X 24442477 26642353 43077362 47942200 67519839 74584553 67759888 75318666 X -1648418 -19698 8732830 X X false true X true false X 10353293 13618479 11052002 10855231 6632911 52511916 0 0 10353293 13618479 11052002 10855231 6632911 52511916 2725235 49786681 537169 126357 134889 54024 24829 877268 73751 31520 45854 151125 14450 201295 0 0 215745 53756054 0.92616 0.83704 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31359824 2631139 6407297 1355070 39043190 26674095 2452808 3390250 643259 514070 31359824 23265488 544090 4019244 491678 663049 26674095 23857615 756967 -266735 693067 389292 23265488 21549136 273556 3177593 527353 287827 327491 23857614 0.26460 0.42430 0.31110 true false 496748 406036 90712 90712 INVESTMENTS HELD BY ODUEF 51438826 OTHER ASSETS 82886 PREPAID EXPENSES 96813 51618525 0 PRIORITY SEATING & DEFERRED RE 345936 345936 X 15447946 -19698 100937 8732830 8814069 6633877 250 250 6634127 8383232 100937 100937 8282295 250 250 8282545 Part V, Line 4 THE FOUNDATION'S ENDOWMENT CONSISTS OF 104 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 XI, Line 2d PART XI LINE 2D INCLUDES THE INCREASE IN VALUE OF INVESTMENTS HELD BY OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION [$8,624,033] INCREASED BY THE INCREASE IN THE ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE [$108,797] 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. Tax years before 2018 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. womens golf 41500 41500 17029 24179 59670 Womens BBall 31236 31236 1200 1703 12103 13 260779 158946 101833 8324 7969 24142 29821 333515 158946 174569 26553 7969 50024 101594 186140 -11571 true Old Dominion Unversity 5115 Hampton Boulevard N Norfolk VA 23529 546000884 GOV 6279353 To Assist with purpose of ODU 1 0 Schedule I, Part I, Line 2 The foundation provides funds to Old Dominion University for scholarship and program activities based on the donors 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 procedures. X 2 68999 Selling Price X 33 487173 Selling Price X Donated Property 2 2001 FMV false true false Schedule M, Part I, Column (B): FOR LINE 9(B), THE NUMBER OF STOCK DONATIONS RECEIVED (NOT SHARES) IS REPORTED. FOR LINE 25, THE NUMBER OF CONTRIBUTIONS IS REPORTED. Form 990, Part VI, Section B, Line 11B: THE 990 TAX FORMS ARE REVIEWED BY THE FINANCE AND AUDIT AND EXECUTIVE COMMITTEES AND 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 B, Line 15: THE FOUNDATION RELIES ON OLD DOMINION UNIVERSITY'S WRITTEN CONTRACTS AND THE BOARD OF VISITORS' APPROVAL OF COMPENSATION OF THE MANAGEMENT OFFICERS OF THE FOUNDATION. Form 990, Part VI, Section C, Line 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. 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 OTHER CHANGES PART XI LINE 9 INCLUDES THE INCREASE IN THE VALUE OF INVESTMENTS HELD WITH OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION [$8,624,033] NET OF THE DECREASE IN THE ALLOWANCE FOR UNCOLLECTIBLE PLEDGES [$108,797].