2021-07-06T09:04:11-05:00 2020-12-31 BDO USA LLP 150 Boush Street Suite 1100 Norfolk VA 23510 990 2020-01-01 546051933 Old Dominion Athletic Foundation % DIRECTOR OF ACCOUNTING/CFO OLDD 7576834524 4417 Monarch Way4th Floor Norfolk VA 23529 Margaret Libby Assistant Treasurer 7576834524 2021-06-15 true Margaret Libby 999009999 James E Prince III P00559346 7576407190 3 2020 2022-09-23 18:48:47Z Margaret Libby 4417 Monarch Way4th Floor Norfolk VA 23529 16368621 false X N/A X 1964 VA SEE SCHEDULE O SUPPLEMENTAL INFORMATION FOR ORGANIZATION'S MISSION 45 45 0 53 0 11046637 10855231 0 0 129501 115494 232814 45854 11408952 11016579 6751616 7719214 0 0 0 0 0 0 114262 818398 354655 7570014 8073869 3838938 2942710 60312374 67759888 242897 240049 60069477 67519839 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 7769315 7719214 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. 7769315 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 9 0 true 0 false false false false true true true true false false false true false false false X 45 45 false false false false false false false true true false false true true true true true true true true false VA X DIRECTOR OF ACCOUNTINGCFO 7576834471 4417 MONARCH WAY 4TH FLOOR NORFOLK VA 23529 Monique Adams Trustee 0.1 0.0 X 0 0 0 Jerry Bowman 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 Jerry Canada Trustee 0.1 0.0 X 0 0 0 Jeffrey S Chernitzer Trustee 0.1 0.0 X 0 0 0 Thomas F Cherry Secretary/Treasurer 0.3 0.0 X X 0 0 0 Daniel J Clarkson Trustee 0.1 0.0 X 0 0 0 William C Creecy Trustee 0.1 0.0 X 0 0 0 Stacy Cummings Jr Trustee 0.1 0.0 X 0 0 0 Carol Curtis Trustee 0.1 0.0 X 0 0 0 S Grey Folkes Jr Trustee 0.1 0.0 X 0 0 0 Jerome Friedman Trustee 0.1 0.0 X 0 0 0 Wayne G Gomes Trustee 0.1 0.0 X 0 0 0 Amy Frostick Trustee 0.1 0.0 X 0 0 0 Charles G Hackworth II Trustee 0.1 0.0 X 0 0 0 H Scott Hardison First Vice Chair 0.3 0.0 X 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 Krebs Trustee 0.1 0.0 X 0 0 0 Richard A McGrath Chair 0.3 0.0 X 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 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 Jeffrey A Saunders Trustee 0.1 0.0 X 0 0 0 Conrad Shumadine Trustee 0.1 0.0 X 0 0 0 Richard B Thurmond Trustee 0.1 0.0 X 0 0 0 Kelly Till Second Vice Chair 0.3 0.0 X 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 Katie Van Buren Trustee 0.1 0.0 X 0 0 0 Robert H Walker Trustee 0.1 0.0 X 0 0 0 Adam White Trustee 0.1 0.0 X 0 0 0 Lewis D Hirschler Director Emeritus 0.0 0.0 X 0 0 0 Gay Latimer Director Emeritus 0.0 0.0 X 0 0 0 Alfred J Moore Jr Director Emeritus 0.0 0.0 X 0 0 0 Benn Richels Director Emeritus 0.0 0.0 X 0 0 0 Lawrence L Sutton Director Emeritus 0.0 0.0 X 0 0 0 Paul D Vestal Director Emeritus 0.0 0.0 X 0 0 0 Camden Wood Selig Ex-Officio 0.1 0.0 X 0 0 0 John R Broderick Ex-Officio 0.1 0.0 X 0 0 0 William Brothers 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 James S Somers Trustee 0.1 0.0 X 0 0 0 Dr Willette L LeHew Director Emeritus 0.1 0.0 X 0 0 0 Errol S Lifland Director Emeritus 0.0 0.0 X 0 0 0 Jenniferr Keenan Ex-Officio 0.1 0.0 X 0 0 0 Alonzo Brandon Ex-Officio/ Executive Director 10.0 0.0 X 0 0 0 Donna Manglicmot Assistand Secretary 13.0 0.0 X 0 0 0 Margaret Libby Assistant Treasurer 9.0 0.0 X 0 0 0 0 0 0 0 false false false Air Planning LLC 12 Heritage Way NORTH READING MA 01864 Air Charters 417361 Aramark Services Inc 4320 Hampton Blvd NORFOLK VA 23529 Food and Banquet Svc 137434 2 110285 10744946 188581 10855231 0 54024 54024 0 0 0 0 0 5258584 24750 5221864 0 36720 24750 61470 61470 176032 130178 45854 45854 0 0 0 0 0 0 0 11016579 161348 7719214 7719214 0 0 0 0 0 0 0 0 0 0 3952 3952 61500 61500 0 0 60 60 16674 200 523 15951 444 273 171 1908 1350 558 0 0 0 5538 5538 0 0 0 0 18108 8555 9553 5681 5681 SERVICE CHARGES 66716 66716 MEALS AND BANQUET SERVICES 114907 35240 4005 75662 PERSONNEL 45491 45491 ORGANIZATIONAL MEMBERSHIPS 6013 6013 7663 425 6422 816 8073869 7769315 190292 114262 510790 450823 0 0 13982575 16056119 31258 308376 0 0 0 0 0 0 0 0 0 0 428504 400781 45831 27723 8657932 6608996 0 0 0 0 0 0 37083988 44307851 60312374 67759888 120316 77602 0 0 0 0 0 0 0 0 0 0 0 0 0 0 122581 162447 242897 240049 X 22885065 24442477 37184412 43077362 60069477 67519839 60312374 67759888 X 2942710 3945 4503707 X false true X true false X 4271024 10353293 13618479 11052002 10855231 50150029 0 0 4271024 10353293 13618479 11052002 10855231 50150029 6789961 43360068 432517 537169 126357 134889 54024 1284956 73751 31520 45854 151125 14450 201295 0 215745 51801855 0.83704 0.87972 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 21081877 380663 1155369 503539 274679 290555 21549136 0.28580 0.44570 0.26850 true false 428504 400781 27723 27723 OTHER ASSETS 403144 INVESTMENTS HELD BY ODUEF 43904707 44307851 0 PRIORITY SEATING & DEFERRED RE 162447 162447 15598160 3945 98739 4503707 4606391 10991769 60 24750 24810 11016579 8147798 98739 -24750 73989 8073809 60 60 8073869 Part V, Line 4 The Foundation's Endowment consists of 103 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 [$4,804,645] REDUCED BY THE INCREASE IN THE ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE [$300,938] PART XI LINE 4B AND PART XII LINE 2D THE AUDITED FINANCIAL STATEMENTS REPORT GAIN ON THE SALE OF ASSETS[$24,750] IN THE STATEMENT OF FUNCTIONAL EXPENSES. FORM 990 REPORTS THE GAIN IN PART VIII STATEMENT OF REVENUE Football FR 22024 22024 400 4084 15794 Online Auction 23328 23328 37450 7 130680 130680 400 7710 6720 22490 35130 176032 176032 400 8110 6720 26574 88374 130178 45854 true Old Dominion Unversity 5115 Hampton Boulevard N Norfolk VA 23529 546000884 115 7719214 9219 Book Equipment To assist with the educational activities and objectives of Old Dominion University. 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 8 129353 Selling Price X Other Donated Property 4 270 Fair Market Value 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, 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 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 [$4,804,645] NET OF THE INCREASE IN THE ALLOWANCE FOR UNCOLLECTIBLE PLEDGES [$300,938]