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← DUVAHL RIDGWAY HULL AND ANDREW W HULL CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by DUVAHL RIDGWAY HULL AND ANDREW W HULL CHARITABLE FOUNDATION.

Totals

Total revenue
$138,034
Total expenses
$260,671
Contributions and grants received
$0
Grants paid
$170,794
Program service revenue
$0
Investment income
$138,034
Other revenue
$0
Total assets, end of year
$4,738,480
Total liabilities, end of year
$712,592
Net assets or fund balances, end of year
$4,025,888
Program services expenses (Part IX)
$170,794
Management and general expenses
$89,877
Fundraising expenses
$0
Program service expenses (Part III)
$170,794

Program services were 65.5% 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.

  • 3 · Investment income

    total $60,828 · excluded $60,828

  • 7a · Gross sales of assets other than inventory

    securities $77,206

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

    securities $0

  • 7c · Gain or loss

    securities $77,206

  • 7d · Net gain or loss

    total $77,206 · excluded $77,206

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $170,794 · program services $170,794

  • 11a · Fees: management

    total $59,315 · management and general $59,315

  • 11b · Fees: legal

    total $325 · management and general $325

  • 11f · Fees: investment management

    total $27,780 · management and general $27,780

  • 11g · Fees: other

    total $1,820 · management and general $1,820

  • 20 · Interest

    total $637 · management and general $637

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $5,453,689 · end of year $4,738,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $820,078 · end of year $712,592

  • 28 · Net assets with donor restrictions

    beginning of year $4,633,611 · end of year $4,025,888

Mission and programs · 2022

Mission

TO PROVIDE SUPPORT TO THE LONGWOOD UNIVERSITY FOUNDATION, WHICH SUPPORTS VARIOUS PROGRAMS FOR LONGWOOD UNIVERSITY, INC., FIRST BAPTIST CHURCH, ROANOKE, VA, AND ST. MARK'S LUTHERAN CHURCH, ROANOKE, VA.

  • PROVIDED SUPPORT TO LONGWOOD UNIVERSITY FOUNDATION, PURSUANT TO THE IRS RULING LETTER DATED 10/14/1998.

    Expenses $145,866 · Grants $145,866

  • PROVIDED SUPPORT TO ST. MARK'S LUTHERAN CHURCH, PURSUANT TO THE IRS RULING LETTER DATED 10/14/1998.

    Expenses $12,464 · Grants $12,464

  • PROVIDED SUPPORT TO FIRST BAPTIST CHURCH, PURSUANT TO THE IRS RULING LETTER DATED 10/14/1998.

    Expenses $12,464 · Grants $12,464

As filed on the 2022 return.

Listed in Part VII

  • Mrs Mary Hull Swiers

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mr W Taylor Reveley IV

    VP/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mr Joseph Macphail III

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 3 related

  • Mr George Turner

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • T Burt Hazelwood

    ASST TREASURER/CEO

    Total calculated
    $171,781
    From this org
    $0
    From related orgs
    $171,781
    Other
    $0
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,781 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $171,781 related

  • Mr Bill Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mr Bart Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

SCH J, PART 1, LINE 3
COMPENSATION BY A RELATED ORGANIZATION - THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS THE RESPONSIBILITY OF THE EXECUTIVE COMMITTEE. THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS REVIEWED AND APPROVED ON AN ANNUAL BASIS. A COMPARABILITY STUDY IS DONE ONLY WHEN THE CHIEF EXECUTIVE OFFICER IS INITIALLY HIRED, OR WHEN THE RECOMMENDED PAY RAISE IS ABOVE THE GENERAL ASSEMBLY'S PAY INCREASE FOR STATE EMPLOYEES. THE FOUNDATION ALSO USES STATE AND NATIONAL SURVEYS TO DETERMINE COMPENSATION.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
5 October 2023
IRS schema version
2022v5.0
Source object
202302839349300740

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