2025-11-10T11:13:17+00:00 2024-12-31 135381590 BDO USA 300 E MAIN STREET STE 1300 NORFOLK VA 23510 990 2024-01-01 546051933 OLD DOMINION ATHLETIC FOUNDATION OLDD 7576834524 4417 MONARCH WAY 4TH FLOOR NORFOLK VA 23529 Jena Virga Executive Director 2025-11-10 true TODD TERESCO P00247720 7576407190 2025-11-10 2024 2025-03-06 01:10:19Z JENA VIRGA 4417 MONARCH WAY 4TH FLOOR NORFOLK VA 23529 13230281 false X WWW.OLDDOMINIONAF.COM X 1964 VA SEE SCHEDULE O SUPPLEMENTAL INFORMATION FOR ORGANIZATION'S MISSION 38 38 0 44 0 7987564 6905824 0 0 493172 626487 68169 -20997 8548905 7511314 10239505 8664616 0 0 0 0 0 0 398538 2159116 2639698 12398621 11304314 -3849716 -3793000 70523628 71770497 204389 893806 70319239 70876691 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. false false 10125026 8664616 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. 10125026 true true false false false false false false false true true false false true true true true false false false false false false false true false false true false false false false false false false false false false false false true false false false false false false false false false true 11 0 true 0 false false false false true true true true false false false true false false false X 38 38 true false false false false false false true true false false false true true true true true true false false false false VA X DIRECTOR OF ACCOUNTINGCFO 7576834471 4417 MONARCH WAY 4TH FLOOR NORFOLK VA 23529 X Jeremy McLendon Second Vice Chair 0.1 0 X X 0 0 0 Kelly Till Chair 0.3 0 X X 0 0 0 Russell S Turner First Vice Chair 0.1 0 X X 0 0 0 Thomas F Cherry Secretary/Treasurer 0.3 0 X X 0 0 0 Alex Mitchum Trustee 0.1 0 X 0 0 0 Alonzo Brandon Ex-Officio 1.0 0 X 0 0 0 Amy Frostick Trustee 0.1 0 X 0 0 0 Audra Bullock Trustee 0.1 0 X 0 0 0 Barry M Kornblau Trustee 0.1 0 X 0 0 0 Brian K Holland Trustee 0.1 0 X 0 0 0 Brian O Hemphill Ex-Officio 0.1 0 X 0 0 0 Camden W Selig Ex-Officio 0.1 0 X 0 0 0 Carlton Bennett Trustee 0.1 0 X 0 0 0 Conrad Shumadine Trustee 0.1 0 X 0 0 0 Daniel J Clarkson Trustee 0.1 0 X 0 0 0 David Stockmeier Trustee 0.1 0 X 0 0 0 E G Middleton III Trustee 0.1 0 X 0 0 0 Edward J Reed Trustee 0.1 0 X 0 0 0 Georgina Miller Trustee 0.1 0 X 0 0 0 Gerald P Brunick Trustee 0.1 0 X 0 0 0 H Scott Hardison Trustee 0.3 0 X 0 0 0 James S Somers Trustee 0.1 0 X 0 0 0 Janet Carter Ex-Officio (AS OF 7/24) 0.1 0 X 0 0 0 Jeffrey D Kornblau Trustee 0.1 0 X 0 0 0 Jeffrey S Chernitzer Trustee 0.1 0 X 0 0 0 Jerry Bowman Trustee 0.1 0 X 0 0 0 Kathryn M Van Buren Trustee 0.1 0 X 0 0 0 Michael Fowler Trustee 0.1 0 X 0 0 0 Monique Adams Trustee 0.1 0 X 0 0 0 Randall A Crutchfield Trustee 0.1 0 X 0 0 0 Ray Wittersheim Trustee 0.1 0 X 0 0 0 Richard A McGrath Trustee 0.3 0 X 0 0 0 Richard B Thurmond Trustee 0.1 0 X 0 0 0 Richard F Kiefner Jr Trustee 0.1 0 X 0 0 0 Robert G Krebs Trustee 0.1 0 X 0 0 0 Robin D Ray Trustee 0.1 0 X 0 0 0 Ronald C Ripley Trustee 0.1 0 X 0 0 0 Russell W Turner Trustee 0.1 0 X 0 0 0 Thomas M Johnston Trustee 0.1 0 X 0 0 0 Trey Dudley Trustee 0.1 0 X 0 0 0 William Brothers Trustee 0.1 0 X 0 0 0 Cindy R Gall Assistant Secretary 13.0 0 X 0 0 0 Jena Virga Executive Director 9.0 0 X 0 0 0 Mike LaRock Assistant Treasurer 9.0 0 X 0 0 0 0 0 0 0 false false false Air Planning LLC 12 Heritage Way North Reading MA 01864 Air Charters for Football Team 623934 Aramark Services Inc 4320 Hampton Blvd Norfolk VA 23529 Food and Banquet Services 322774 Endeavor Ole Parent LLC DBA Anthony Travel LLC PO Box 1086 Notre Dame IN 46556 Travel 151025 3 122837 6782987 268912 6905824 0 0 0 0 0 633209 633209 45950 45950 0 0 5473853 11000 5484303 7272 -10450 3728 -6722 -6722 156445 122837 181442 -24997 -24997 OTHER INCOME 999999 4000 4000 0 0 0 0 4000 7511314 0 0 605490 8664616 8664616 0 0 80700 80700 570 570 66144 55698 446 10000 5195 2169 3026 865246 796112 69134 50867 50867 9469 9469 ADMINISTRATIVE FEES 464129 0 464129 0 GAME TICKETS AND GUARANTEES 374000 374000 0 0 MEALS AND BANQUET SERVICES 354984 141138 8986 204860 SERVICES CHARGES 137579 0 137579 0 230815 33126 86171 111518 11304314 10125026 780750 398538 722859 919728 11003709 8136838 625 30556 0 0 0 0 568246 310988 313897 257258 13632688 15229086 0 0 44849850 47197031 70523628 71770497 68017 750261 0 0 136372 143545 204389 893806 18367883 18386499 51951356 52490192 70319239 70876691 70523628 71770497 X -3793000 3890 4346562 X X false true true false X 10855231 6632911 14284447 7987564 6905824 46665977 0 0 10855231 6632911 14284447 7987564 6905824 46665977 6749424 39916553 54024 24829 82043 416914 633209 1211019 45854 0 4983 0 0 50837 0 0 56168 100317 4000 160485 48088318 0 0.83007 0.8517 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 56168.0, COLUMN D - 100317.0, COLUMN E - 4000.0, COLUMN F - 160485.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39539530 518090 3838468 1570946 42325142 37008825 837765 3243482 1550542 39539530 39043190 2812698 -3468291 1378772 37008825 31359824 2631139 6407297 1355070 39043190 26674095 2452808 3390250 643259 514070 31359824 0.2325 0.4899 0.2776 true false 511651 284263 227388 56595 26725 29870 257258 INVESTMENTS HELD BY ODUEF 47002103 PREPAID EXPENSES 98435 OTHER ASSETS 96493 47197031 Federal Income Taxes PRIORITY SEATING DEFERRED REVENUE 143545 143545 X 11849140 3890 4292284 4296174 7552966 570 -42222 -41652 7511314 11291688 42222 42222 11249466 570 54278 54848 11304314 Schedule D, Part V, Line 4 Intended uses of endowment funds THE FOUNDATION'S ENDOWMENT CONSISTS OF 121 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 FUNCTIONAS 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 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 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 INCREASE IN THE VALUE OF INVESTMENTS HELD BY OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION - 4346562 BAD DEBT EXPENSES - -54278 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements GAIN ON SALE OF FIXED ASSETS - 3728 RENT EXPENSES - -45950 - Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENT EXPENSES - 45950 GAIN ON SALE OF FIXED ASSETS - -3728 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements BAD DEBT EXPENSES - 54278 Women's Golf 27900 27900 28132 41324 25895 Women's Basketball 34635 34635 1800 9290 3266 12 216747 122837 93910 4361 37201 30173 279282 122837 156445 34293 87815 59334 181442 -24997 true Old Dominion University 5115 Hampton Boulevard Norfolk VA 23529 546000884 GOV 8664616 SEE PART IV 1 0 Schedule I, Part II, Line 1(h) TO ASSIST WITH PURPOSE OF OLD DOMINION UNVERSITY Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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 INCOMPLIANCE WITH RESTRICTIONS AND IN ACCORDANCE WITH UNIVERSITY POLICIES AND PROCEDURES. 1 1500 Market value 34 265294 Selling cost X DONATED PROP 4 2118 Market value 0 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 7 & 25, THE NUMBER OF CONTRIBUTIONS IS REPORTED Schedule M, Part I, Line 22 A THE ODU SAILING COACH MAY SELL DONATED BOATS WITH PROCEEDS PAID DIRECTLYTO THE FOUNDATION. Form 990, Part I, Line 1 BRIEF MISSION THE MISSION OF OLD DOMINION 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. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Barry M. Kornblau - Family relationship, Jeffrey D. Kornblau - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 19 Required documents available to the public 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 in net assets or fund balances PART XI LINE 9 INCLUDES THE INCREASE IN THE VALUE OF INVESTMENTS HELD BY OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION . - 4346562; Total - 4346562; Form 990, Part XII, Line 2c Change of oversight process or selection process 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.