Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $58,947

• 1e · Government grants (contributions)

  $523,384

• 1f · All other contributions, gifts and grants

  $5,009,606

• 1g · Noncash contributions included above

  $24,636

• 2a · Program service revenue: Tuition and Fees

  total $31,732,929 · related or exempt $31,732,929

• 2b · Program service revenue: Auxiliary Enterprises-Room and Board

  total $5,815,632 · related or exempt $5,815,632

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $481,870 · excluded $481,870

• 6a · Gross rents

  real property $144,087

• 6c · Rental income or loss

  real property $144,087 · personal property $0

• 6d · Net rental income or loss

  total $144,087 · excluded $144,087

• 7a · Gross sales of assets other than inventory

  securities $9,155,367 · other assets $371,304

• 7b · Less cost or other basis and sales expenses

  securities $9,287,618 · other assets $0

• 7c · Gain or loss

  securities -$132,251 · other assets $371,304

• 7d · Net gain or loss

  total $239,053 · excluded $239,053

• 8a · Fundraising events: gross income

  $17,790

• 8a · Fundraising events: contributions included on line 1c

  $58,947

• 8b · Fundraising events: direct expenses

  $30,688

• 8c · Net income from fundraising events

  total -$12,898 · excluded -$12,898

• 11a · Other revenue: EMPLOYEE RENTENTION CREDIT

  total $2,491,241 · excluded $2,491,241

• 11b · Other revenue: SECURITY SERVICES

  total $36,677 · unrelated business $36,677

• 11c · Other revenue: CELL TOWER REVENUE

  total $14,641 · unrelated business $14,641

• 11d · All other revenue

  total $1,670,368 · related or exempt $1,670,226 · unrelated business $0 · excluded $142

• 11e · Other revenue, total

  $4,212,927

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $15,791,732 · program services $15,791,732

• 5 · Compensation of officers, directors and key employees

  total $1,158,830 · program services $231,766 · management and general $927,064

• 7 · Other salaries and wages

  total $10,590,163 · program services $9,211,898 · management and general $695,530 · fundraising $682,735

• 8 · Pension plan contributions

  total $94,701 · program services $74,630 · management and general $14,503 · fundraising $5,568

• 9 · Other employee benefits

  total $1,336,508 · program services $1,161,606 · management and general $132,453 · fundraising $42,449

• 10 · Payroll taxes

  total $862,852 · program services $683,311 · management and general $113,246 · fundraising $66,295

• 11a · Fees: management

  total $69,853 · program services $65,543 · management and general $4,310

• 11b · Fees: legal

  total $31,570 · management and general $31,570

• 11c · Fees: accounting

  total $110,312 · management and general $110,312

• 11g · Fees: other

  total $2,101,198 · program services $1,410,335 · management and general $308,096 · fundraising $382,767

• 12 · Advertising and promotion

  total $619,565 · program services $11,201 · management and general $600,936 · fundraising $7,428

• 13 · Office expenses

  total $728,026 · program services $597,083 · management and general $107,973 · fundraising $22,970

• 14 · Information technology

  total $441,815 · program services $194,154 · management and general $166,467 · fundraising $81,194

• 16 · Occupancy

  total $4,429,505 · program services $3,701,899 · management and general $530,372 · fundraising $197,234

• 17 · Travel

  total $176,201 · program services $123,457 · management and general $50,192 · fundraising $2,552

• 19 · Conferences, conventions and meetings

  total $350,274 · program services $198,057 · management and general $122,142 · fundraising $30,075

• 20 · Interest

  total $3,363,120 · program services $2,847,203 · management and general $356,645 · fundraising $159,272

• 22 · Depreciation, depletion and amortization

  total $2,645,494 · program services $2,239,664 · management and general $280,544 · fundraising $125,286

• 23 · Insurance

  total $282,558 · program services $8,766 · management and general $273,792

• 24a · Other expenses: FOOD/BOARD PLAN

  total $1,901,234 · program services $1,901,234 · management and general $0 · fundraising $0

• 24b · Other expenses: ATHLETICS AND CAMPS

  total $2,597,561 · program services $2,594,311 · management and general $0 · fundraising $3,250

• 24c · Other expenses: PROVISION FOR BAD DEBT

  total $275,429 · program services $0 · management and general $275,429 · fundraising $0

• 24d · Other expenses: EQUIPMENT

  total $78,416 · program services $43,294 · management and general $33,465 · fundraising $1,657

• 24e · All other expenses

  total $296,146 · program services $202,308 · management and general $13,121 · fundraising $80,717

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,050 · end of year $2,050

• 2 · Savings and temporary cash investments

  beginning of year $7,606,068 · end of year $9,242,871

• 3 · Pledges and grants receivable

  beginning of year $302,511 · end of year $250,772

• 4 · Accounts receivable

  beginning of year $899,000 · end of year $1,023,160

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $346,325 · end of year $264,139

• 9 · Prepaid expenses and deferred charges

  end of year $47,503

• 10a · Land, buildings and equipment: cost or other basis

  $107,338,510

• 10b · Land, buildings and equipment: accumulated depreciation

  $67,335,670

• 10c · Land, buildings and equipment, net

  beginning of year $40,962,056 · end of year $40,002,840

• 11 · Investments: publicly traded securities

  beginning of year $18,440,869 · end of year $18,113,742

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,343,827 · end of year $1,360,461

• 17 · Accounts payable and accrued expenses

  beginning of year $1,605,740 · end of year $1,821,211

• 19 · Deferred revenue

  beginning of year $1,645,093 · end of year $1,619,837

• 20 · Tax-exempt bond liabilities

  beginning of year $45,950,680 · end of year $45,518,119

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $489,869 · end of year $2,000,000

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year -$82,723 · end of year -$2,155,140

• 28 · Net assets with donor restrictions

  beginning of year $20,294,047 · end of year $21,503,511

The filer's explanations (Part III)

Schedule J, Part I, Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE

ODU'S PRESIDENT, CONNIE GALLAHER, IS NOT REQUIRED TO LIVE ON CAMPUS PER EMPLOYMENT AGREEMENT. SHE DOES NOT RECEIVE A HOUSING ALLOWANCE.