2013-08-13T12:46:49-05:00 2012-12-31 560747981 DIXON HUGHES GOODMAN LLP 4510 COX ROAD SUITE 200 GLEN ALLEN VA 230603394 990 2012-01-01 201612906 LONGWOOD UNIVERSITY REAL ESTATE FOUNDATION LONG 4343952086 515 E MAIN STREET FARMVILLE VA 23909 P KENNETH COPELAND JR 4343952086 2013-08-12 1 JANET L BROCKLEHURST CPA P00449539 8042827636 2012 2016-02-24 21:20:13Z P KENNETH COPELAND JR 515 E MAIN STREET FARMVILLE VA 23909 6379982 0 X N/A X 2004 VA TO ACQUIRE, DEVELOP, FINANCE, LEASE, HOLD, OPERATE, MANAGE AND DISPOSE OF REAL PROPERTY ASSETS AND INTERESTS FOR LONGWOOD UNIVERSITY. 11 7 0 0 0 0 0 0 6003331 6050436 20108 13150 4251 1144 6027690 6064730 123800 6500 0 0 203017 181337 0 0 0 6381446 8342704 6708263 8530541 -680573 -2465811 52366028 73822828 66028521 89569138 -13662493 -15746310 THE MISSION OF THE FOUNDATION IS TO ACQUIRE, DEVELOP, FINANCE, LEASE, HOLD, OPERATE, MANAGE AND DISPOSE OF REAL PROPERTY ASSETS AND INTERESTS FOR LONGWOOD UNIVERSITY. 0 0 8497444 6500 6045381 ALL PROGRAM ACTIVITIES RELATE TO THE ACQUISITION, DEVELOPMENT, FINANCING, LEASING, HOLDING, OPERATING, MANAGEMENT AND DISPOSAL OF REAL PROPERTY ASSETS AND INTERESTS OF LONGWOOD UNIVERSITY. 8497444 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 7 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 1 0 VA X P KENNETH COPELAND JR 4343952086 515 MAIN STREET FARMVILLE VA 23909 OTIS BROWN 0.00 X X 0 0 0 RICHARD W BRATCHER 0.00 X 0 0 0 BARRY J CASE 0.00 X 0 0 0 E DUFFY MYRTETUS 0.00 X 0 0 0 LOUISE WALLER 0.00 X 0 0 0 TIM J PIERSON 0.00 X 0 0 0 DR HELEN P WARRINER-BURKE 0.00 X 0 0 0 HUNTER WATSON 0.00 X 0 0 0 SHERRY SWINSON 0.00 X 0 0 0 CLAIRE REEVES LA ROCHE 0.00 X 0 0 0 P KENNETH COPELAND JR 40.00 X 0 115168 23593 0 115168 23593 0 0 0 0 ENGLISH CONSTRUCTION 615 CHURCH STREET LYNCHBURG VA 24504 CONSTRUCTION OF FACILITIES 15356529 SCS ENGINEERS 15221 MIDLOTHIAN TURNPIKE STE 305 MIDLOTHIAN VA 23113 CONSTRUCTION OF FACILITIES 1070755 HERMITAGE STEEL 12279 WASHINGTON HIGHWAY ASHLAND VA 23005 CONSTRUCTION OF FACILITIES 668845 COMMONWEALTH BUILDING MATERIALS 502 GEORGE STREET LYNCHBURG VA 24502 CONSTRUCTION OF FACILITIES 586411 SMITH MOUNTAIN BUILDING SUPPLY PO BOX 670 HARDY VA 24101 CONSTRUCTION OF FACILITIES 542955 5 RENT 531110 5957365 5957365 PARKING 531390 93071 93071 6050436 18205 18205 310197 315252 -5055 -5055 -5055 MISCELLANEOUS INCOME 531390 1144 1144 1144 6064730 6045381 0 19349 6500 6500 106168 95551 10617 75169 67652 7517 399965 399965 5432 4346 1086 24300 19440 4860 25186 20149 5037 85 85 43895 42705 1190 1551926 1551926 2006 256 1750 2291427 2291427 3053695 3053695 130810 130810 ABANDONED DESIGN FEES 765548 765548 CONDOMINIUM ASSOCIATION 38028 38028 OTHER EXPENSE 10401 9361 1040 8530541 8497444 33097 0 14369 130957 298538 294374 25019 24591 79527631 10148408 47554761 69379223 4473341 3993683 52366028 73822828 562419 3222832 40225000 66635285 4912529 2576336 7732106 4920212 12596467 12214473 66028521 89569138 X -13662493 -15746310 -13662493 -15746310 52366028 73822828 X -2465811 381994 X X 0 1 X 1 0 X X X 0 0 0 LONGWOOD UNIVERSITY 546001788 6 1 1 6500 1 6500 SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: IN SUPPORT OF SCHEDULE A, PART I, LINE 11H, COLUMN VII - THE FOUNDATION PROVIDES LEASING OF STUDENT HOUSING AND OTHER STUDENT RELATED FACILITIES TO LONGWOOD UNIVERSITY (THE SUPPORTED ORGANIZATION) AND SUPPORTS GENERAL REAL ESTATE AND PROPERTY MANAGEMENT FOR THE UNIVERSITY. IN LIEU OF MONETARY SUPPORT, THE FOUNDATION PROVIDED ACCESS TO THE FACILITIES UNDER LEASE AGREEMENTS, AND PAYS MANAGEMENT AND OTHER ANCILLARY SERVICE FEES TO THE UNIVERSITY. SEE SCHEDULE R. 7334501 7334501 31944021 6728039 25215982 603369 342521 260848 2715282 1311660 1403622 36930458 1766188 35164270 69379223 DUE FROM LONGWOOD UNIVERSITY 195849 NET LOAN COSTS 260347 RESTRICTED DEPOSITS AND FUNDED RESERVES 3479811 DUE FROM LONGWOOD UNIVERSITY FOUNDATION 57676 3993683 SWAP VALUATION 12214473 12214473 X 6446724 381994 381994 6064730 0 6064730 8530541 0 8530541 0 8530541 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) 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. THE ORGANIZATIONS WHOLLY OWNED SUBSIDIARIES ARE DISREGARDED ENTITIES FOR TAX PURPOSES AND ARE INCLUDED IN THE FOUNDATIONS FILINGS. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2012. FISCAL YEARS ENDING ON OR AFTER 2009 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP 381,994. 0 LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546001788 STATE GOVERNMENT 6500 REAL PROPERTY APPRAISAL FEES. A INDUSTRIAL DEVELOPMENT AUTHORITY OF THE TOWN OF FARMVILLE VIRGINIA 546001272 2012-08-31 45000000 TO FINANCE AQUISITION OF PROPERTY HELD FOR BENEFIT OF LONGWOOD UNIVERSITY 0 0 0 B INDUSTRIAL DEVELOPMENT AUTHORITY OF THE TOWN OF FARMVILLE VIRGINIA 546001272 2012-08-31 40400000 TO FINANCE AQUISITION OF PROPERTY HELD FOR BENEFIT OF LONGWOOD UNIVERSITY 0 0 0 A 43676852 1000000 275677 323148 22157733 2478727 17441567 0 0 0 1 B 40400000 2000000 176852 38223148 2010 1 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 1 1 BANK OF AMERICA NA 23.750000000000 0 0 0 0 0 A 0 B 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF THE 990 IS GIVEN TO THE EXECUTIVE DIRECTOR AND THE BOARD MEMBERS FOR A PERIOD OF TIME FOR CHANGES BEFORE THE 990 IS FILED. THE FINAL FORM 990 IS PRESENTED AT THE PRECEEDING BOARD OF TRUSTEES MEETING AND ALL BOARD MEMBERS WERE PROVIDED A COPY TO REVIEW AND ASK QUESTIONS. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE APPROVED BY LONGWOOD UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP 381,994. FORM 990, PART XIII, LINE 2C: THERE WERE NO CHANGES TO THE PROCESS DURING THE FISCAL YEAR. LONGWOOD HOUSING FOUNDATION LLC HOLDS TITLE TO 3 STUDENT HOUSING PROJECTS VA 6202352 37995504 N/A LONGWOOD WOODLAND POND HOUSING FOUNDATION LLC HOLDS TITLE TO CONDOMINIUM UNITS VA 100906 1702066 N/A LONGWOOD WOODLAND POND DEVELOPMENT FOUNDATION LLC HOLDS TITLE TO UNDEVELOPED LAND VA 0 315000 N/A LONGWOOD NORTH CAMPUS HOUSING LLC HOLDS TITLE TO STUDENT HOUSING PROJECTS VA 0 26620209 N/A LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546001788 HIGHER EDUCATION VA STATE GOVERNMENT LINE 6 N/A 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 0 1 0