Form 990 for tax year 2022
Filed by UNIVERSITY OF MARY WASHINGTON FOUNDATION.
Totals
- Total revenue
- $42,619,007
- Total expenses
- $7,188,239
- Contributions and grants received
- $41,531,624
- Grants paid
- $3,944,840
- Program service revenue
- $746,876
- Investment income
- $1,740,576
- Other revenue
- -$1,400,069
- Total assets, end of year
- $135,496,119
- Total liabilities, end of year
- $26,636,673
- Net assets or fund balances, end of year
- $108,859,446
- Program services expenses (Part IX)
- $4,606,383
- Management and general expenses
- $2,137,239
- Fundraising expenses
- $444,617
- Program service expenses (Part III)
- $4,606,383
Program services were 64.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$41,531,624
-
1g · Noncash contributions included above
$4,793,031
-
2a · Program service revenue: UNIVERSITY RENTAL INCOME
total $746,876 · related or exempt $746,876
-
3 · Investment income
total $1,808,242 · unrelated business $440 · excluded $1,807,802
-
6a · Gross rents
real property $1,282,405
-
6b · Less rental expenses
real property $2,902,116
-
6c · Rental income or loss
real property -$1,619,711
-
6d · Net rental income or loss
total -$1,619,711 · excluded -$1,619,711
-
7a · Gross sales of assets other than inventory
securities $14,857,966 · other assets $13,260,219
-
7b · Less cost or other basis and sales expenses
securities $16,260,068 · other assets $11,925,783
-
7c · Gain or loss
securities -$1,402,102 · other assets $1,334,436
-
7d · Net gain or loss
total -$67,666 · excluded -$67,666
-
11a · Other revenue: HOTEL
total $33,186 · unrelated business $33,186
-
11d · All other revenue
total $186,456 · excluded $186,456
-
11e · Other revenue, total
$219,642
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,944,840 · program services $3,944,840
-
5 · Compensation of officers, directors and key employees
total $621,039 · management and general $621,039
-
7 · Other salaries and wages
total $438,889 · program services $387,093 · management and general $51,796
-
8 · Pension plan contributions
total $4,324 · management and general $4,324
-
9 · Other employee benefits
total $35,750 · program services $20,671 · management and general $15,079
-
10 · Payroll taxes
total $38,733 · management and general $38,733
-
11b · Fees: legal
total $13,972 · management and general $13,972
-
11c · Fees: accounting
total $471,069 · management and general $471,069
-
11f · Fees: investment management
total $730,763 · management and general $730,763
-
11g · Fees: other
total $1,565 · program services $1,565
-
12 · Advertising and promotion
total $293 · fundraising $293
-
13 · Office expenses
total $51,823 · management and general $51,823
-
16 · Occupancy
total $12,284 · program services $12,284
-
17 · Travel
total $29,388 · fundraising $29,388
-
19 · Conferences, conventions and meetings
total $26,183 · fundraising $26,183
-
20 · Interest
total $17,874 · program services $17,874
-
22 · Depreciation, depletion and amortization
total $35,128 · program services $21,238 · fundraising $13,890
-
23 · Insurance
total $217,902 · program services $164,566 · management and general $53,336
-
24a · Other expenses: DEPARTMENTAL OPERATING
total $37,241 · fundraising $37,241
-
24e · All other expenses
total $459,179 · program services $36,252 · management and general $85,305 · fundraising $337,622
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,589,492 · end of year $6,517,790
-
2 · Savings and temporary cash investments
beginning of year $543,427 · end of year $2,300,309
-
3 · Pledges and grants receivable
beginning of year $648,894 · end of year $24,953,801
-
4 · Accounts receivable
beginning of year $1,069,818 · end of year $594,229
-
7 · Other notes and loans receivable
beginning of year $75,000 · end of year $75,000
-
9 · Prepaid expenses and deferred charges
beginning of year $217,519 · end of year $204,171
-
10a · Land, buildings and equipment: cost or other basis
$35,304,849
-
10b · Land, buildings and equipment: accumulated depreciation
$6,026,372
-
10c · Land, buildings and equipment, net
beginning of year $42,913,004 · end of year $29,278,477
-
11 · Investments: publicly traded securities
beginning of year $46,778,589 · end of year $55,939,728
-
12 · Investments: other securities
beginning of year $7,695,546 · end of year $14,897,142
-
14 · Intangible assets
beginning of year $265,175 · end of year $90,821
-
15 · Other assets
beginning of year $669,958 · end of year $644,651
-
17 · Accounts payable and accrued expenses
beginning of year $259,416 · end of year $784,385
-
19 · Deferred revenue
beginning of year $81,310 · end of year $24,114
-
20 · Tax-exempt bond liabilities
beginning of year $1,645,548 · end of year $1,575,485
-
23 · Secured mortgages and notes payable
beginning of year $36,807,062 · end of year $22,418,129
-
25 · Other liabilities
beginning of year $2,409,516 · end of year $1,834,560
-
27 · Net assets without donor restrictions
beginning of year -$4,674,275 · end of year -$5,570,042
-
28 · Net assets with donor restrictions
beginning of year $71,937,845 · end of year $114,429,488
Mission and programs · 2022
Mission
TO RECEIVE, HOLD, INVEST, ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY OF ALL KINDS, EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF THE UNIVERSITY OF MARY WASHINGTON.
Activities or mission (Part I)
TO RECEIVE, HOLD, AND ADMINISTER FUNDS AND PROPERTY OF ALL KINDS, FOR THE FURTHERANCE OF THE OBJECTIVES OF THE UNIVERSITY OF MARY WASHINGTON.
-
THE UMW FOUNDATION SERVES AS THE PRIVATE ASSET MANAGER FOR THE UNIVERSITY OF MARY WASHINGTON. THE FOUNDATION MANAGES ALL OF THE UNIVERSITY'S PRIVATELY DONATED CASH AND INVESTMENTS AS WELL AS BEING ENGAGED IN REAL ESTATE ACQUISITION, DEVELOPMENT AND MANAGEMENT ON BEHALF OF THE INSTITUTION.
Expenses $4,606,383 · Grants $3,944,840 · Revenue $746,876
As filed on the 2022 return.
Listed in Part VII
-
Edward V Allison JrEDWARD V ALLISON JR
CHAIR
- Total calculated
- $0
- Hours/week
- 0.6
-
Dori EglevskyDORI EGLEVSKY
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 0.6
-
Robert J BarryROBERT J BARRY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.6
-
Kathleen S MehfoudKATHLEEN S MEHFOUD
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.6
-
Abas AdenanABAS ADENAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Ross BierkanROSS BIERKAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6
-
John BowmanJOHN BOWMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Sue BridiSUE BRIDI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Mikhael CharnoffMIKHAEL CHARNOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Michael A CiramiMICHAEL A CIRAMI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Daniel ClendeninDANIEL CLENDENIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Devon W CushmanDEVON W CUSHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Janel S DonohueJANEL S DONOHUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Craig Erwin Term 063023CRAIG ERWIN TERM 063023
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Justin T GerbereuxJUSTIN T GERBEREUX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Donna S GladisDONNA S GLADIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Michael A JohnsonMICHAEL A JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Lee E KelleyLEE E KELLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Patricia B KempPATRICIA B KEMP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Paul Messplay Term 011523PAUL MESSPLAY TERM 011523
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Kerwin A Miller SrKERWIN A MILLER SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Donald NewlinDONALD NEWLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6
-
Troy D PainoTROY D PAINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6
-
Vicki RavenelVICKI RAVENEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
James H RevereJAMES H REVERE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Xavier R RichardsonXAVIER R RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Anne SteenANNE STEEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Sarah StrassheimSARAH STRASSHEIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Leslie F TilghmanLESLIE F TILGHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Sean M TuffySEAN M TUFFY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Katie TurcotteKATIE TURCOTTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Vicky WilderVICKY WILDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Jeff W RountreeJEFF W ROUNTREE
CEO
- Total calculated
- $301,107
- From this org
- $269,667
- From related orgs
- $0
- Other
- $31,440
- Hours/week
- 65
Schedule J breakdown matched by us
- Base
- $268,667
- Bonus
- $1,000
- Other
- $0
- Deferred
- $18,910
- Nontaxable benefits
- $12,530
- Filer's total
- $301,107
-
Gregory A BrannerGREGORY A BRANNER
CFO/TREASURER
- Total calculated
- $205,025
- From this org
- $169,339
- From related orgs
- $0
- Other
- $35,686
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $168,339
- Bonus
- $1,000
- Other
- $0
- Deferred
- $12,338
- Nontaxable benefits
- $23,348
- Filer's total
- $205,025
-
Shannon C WilliamsSHANNON C WILLIAMS
CONTROLLER
- Total calculated
- $121,014
- From this org
- $111,505
- From related orgs
- $0
- Other
- $9,509
- Hours/week
- 45
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4B
- THE FOUNDATION ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION 457(F) PLAN FOR ITS CEO DURING FYE 2017. DURING 6/30/2022, THE FOUNDATION DID NOT MAKE A CONTRIBUTION TO THE PLAN.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
UNIVERSITY OF MARY WASHINGTON
$3,408,799
STUDENT SCHOLARSHIPS, FACULTY AWARDS AND OTHER SUPPORT OF UNIVERSITY SERVICES
-
DONATION TO SUPPORT UNIVERSITY SERVICES AND PROGRAMS
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
EAGLE PROPERTY HOLDINGS LLC
REAL ESTATE HOLDING COMPANY · VA · income $121,536 · assets $16,406,898
Directly controlled by UNIVERSITY OF MARY WASHINGTON FOUNDATION
-
EAGLE HOUSING LLC
STUDENT HOUSING PROJECTS HOLDING COMPANY · VA · income $1,338,251 · assets $11,866,774
Directly controlled by UNIVERSITY OF MARY WASHINGTON FOUNDATION
-
EAGLE VILLAGE I LLC
RENTAL PROPERTY-RETAIL · VA · income $1,702,630 · assets $872,604
Directly controlled by EAGLE PROPERTY HOLDINGS LLC
-
SNOWDEN STREET LLC
REAL ESTATE · VA
Directly controlled by EAGLE PROPERTY HOLDINGS LLC
-
EAGLE PIZZA LLC
REAL ESTATE · VA · income $142,835
Directly controlled by EAGLE PROPERTY HOLDINGS LLC
-
EAGLE VILLAGE - ROGER DODGER LLC
REAL ESTATE · VA · income $95,280
Directly controlled by EAGLE PROPERTY HOLDINGS LLC
-
TRANSITIONAL PROPERTIES LLC
REAL ESTATE · VA · income $38,833 · assets $312,482
Directly controlled by EAGLE PROPERTY HOLDINGS LLC
-
EAGLE DEVELOPERS LLC
REAL ESTATE DEVELOPMENT · VA
Directly controlled by EAGLE PROPERTY HOLDINGS LLC
-
EAGLE HOSPITALITY LLC
SELECT SERVICE HOTEL · VA · income $33,186 · assets $364,606
Directly controlled by EAGLE PROPERTY HOLDINGS LLC
-
ACADEMIC VILLAGE LLC
REAL ESTATE · VA
Directly controlled by EAGLE PROPERTY HOLDINGS LLC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349302218
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.