Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $19,405,271

• 1g · Noncash contributions included above

  $876,892

• 2a · Program service revenue: EXECUTIVE PROGRAMS

  total $27,329 · related or exempt $27,329

• 3 · Investment income

  total $187,607 · excluded $187,607

• 7a · Gross sales of assets other than inventory

  securities $900,304

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

  securities $1,139,946

• 7c · Gain or loss

  securities -$239,642

• 7d · Net gain or loss

  total -$239,642 · excluded -$239,642

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $8,156,459 · program services $8,156,459

• 2 · Grants to domestic individuals

  total $1,226,927 · program services $1,226,927

• 5 · Compensation of officers, directors and key employees

  total $162,519 · program services $70,062 · management and general $92,457

• 7 · Other salaries and wages

  total $2,256,842 · program services $1,079,823 · management and general $186,292 · fundraising $990,727

• 8 · Pension plan contributions

  total $181,787 · program services $74,885 · management and general $11,595 · fundraising $95,307

• 9 · Other employee benefits

  total $295,069 · program services $145,183 · management and general $42,633 · fundraising $107,253

• 10 · Payroll taxes

  total $142,940 · program services $62,989 · management and general $4,934 · fundraising $75,017

• 11b · Fees: legal

  total $5,750 · program services $816 · management and general $4,934

• 11c · Fees: accounting

  total $41,875 · management and general $41,875

• 11f · Fees: investment management

  total $277,288 · management and general $277,288

• 11g · Fees: other

  total $279,160 · program services $207,202 · management and general $70,768 · fundraising $1,190

• 12 · Advertising and promotion

  total $4,055 · management and general $4,055

• 13 · Office expenses

  total $19,845 · program services $10,346 · management and general $669 · fundraising $8,830

• 14 · Information technology

  total $160,781 · program services $125,690 · management and general $26,531 · fundraising $8,560

• 16 · Occupancy

  total $81,663 · program services $77,740 · fundraising $3,923

• 17 · Travel

  total $278,089 · program services $84,478 · management and general $1,054 · fundraising $192,557

• 19 · Conferences, conventions and meetings

  total $28,738 · program services $14,723 · management and general $598 · fundraising $13,417

• 22 · Depreciation, depletion and amortization

  total $33,572 · program services $8,615 · fundraising $24,957

• 23 · Insurance

  total $50,645 · program services $18,939 · management and general $31,706

• 24a · Other expenses: MEALS AND ALUMNI EVENTS

  total $364,730 · program services $122,665 · management and general $675 · fundraising $241,390

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $64,380 · program services $59,620 · management and general $463 · fundraising $4,297

• 24c · Other expenses: GIFTS AND HONORARIA

  total $45,329 · program services $26,084 · management and general $83 · fundraising $19,162

• 24d · Other expenses: TELEPHONE

  total $42,456 · program services $32,844 · management and general $0 · fundraising $9,612

• 24e · All other expenses

  total $47,959 · program services $15,847 · management and general $4,696 · fundraising $27,416

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,730,581 · end of year $6,743,288

• 3 · Pledges and grants receivable

  beginning of year $23,274,657 · end of year $16,863,464

• 9 · Prepaid expenses and deferred charges

  beginning of year $138,094 · end of year $150,222

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

  $476,065

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

  $440,461

• 10c · Land, buildings and equipment, net

  beginning of year $55,679 · end of year $35,604

• 11 · Investments: publicly traded securities

  beginning of year $7,918,731 · end of year $10,783,487

• 12 · Investments: other securities

  beginning of year $111,263,077 · end of year $123,362,809

• 15 · Other assets

  beginning of year $5,452,110 · end of year $5,026,420

• 17 · Accounts payable and accrued expenses

  beginning of year $56,727 · end of year $33,956

• 25 · Other liabilities

  beginning of year $115,481 · end of year $136,138

• 27 · Net assets without donor restrictions

  beginning of year $10,603,757 · end of year $11,056,385

• 28 · Net assets with donor restrictions

  beginning of year $145,056,964 · end of year $151,738,815

The filer's explanations (Part III)

PART I, LINE 1A

THE FOUNDATION PAYS THE COST OF MEMBERSHIP TO UNIVERSITY OF VIRGINIA RECREATION OR ANOTHER FITNESS CLUB ( UP TO $450 ANNUALLY), AT THE EMPLOYEE'S REQUEST.

PART I, LINE 3

THE FOUNDATION DOES NOT COMPENSATE ANY OFFICERS SINCE THEY ARE EMPLOYEES OF THE UNIVERSITY OF VIRGINIA. HOWEVER, THE FOUNDATION REIMBURSES THE UNIVERSITY OF VIRGINIA FOR THE TIME THE EXECUTIVE DIRECTOR AND SECRETARY/TREASURER SPEND ON FOUNDATION BUSINESS. THESE REIMBURSEMENTS ARE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AS PART OF THE ANNUAL BUDGET PROCESS.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUSTS (16)

  T · INVESTMENTS · VA