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← OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION

Form 990 for tax year 2023

Filed by OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION.

Totals

Total revenue
$4,700,237
Total expenses
$3,613,498
Contributions and grants received
$533,533
Grants paid
$233,146
Program service revenue
$0
Investment income
$3,703,818
Other revenue
$462,886
Total assets, end of year
$74,806,870
Total liabilities, end of year
$48,268,591
Net assets or fund balances, end of year
$26,538,279
Program services expenses (Part IX)
$3,415,886
Management and general expenses
$197,612
Fundraising expenses
$0
Program service expenses (Part III)
$3,415,886

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BRIAN HEMPHILL

    EX-OFFICIO

    Total calculated
    $824,052
    From this org
    $0
    From related orgs
    $759,985
    Other
    $64,067
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $759,985 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $41,303 related
    Nontaxable benefits
    $0 + $22,764 related
    Filer's total
    $0 + $824,052 related

  • MICHAEL S LAROCK

    ASSISTANT TREASURER

    Total calculated
    $227,886
    From this org
    $0
    From related orgs
    $191,386
    Other
    $36,500
    Hours/week
    9

    Schedule J breakdown matched by us

    Base
    $0 + $191,386 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,972 related
    Nontaxable benefits
    $0 + $15,528 related
    Filer's total
    $0 + $227,886 related

  • TARA F SAUNDERS

    EXECUTIVE DIRECTOR

    Total calculated
    $210,310
    From this org
    $0
    From related orgs
    $171,493
    Other
    $38,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $171,493 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,135 related
    Nontaxable benefits
    $0 + $8,682 related
    Filer's total
    $0 + $210,310 related

  • CINDY R GALL

    ASSISTANT SECRETARY

    Total calculated
    $86,063
    From this org
    $0
    From related orgs
    $65,462
    Other
    $20,601
    Hours/week
    13

  • LISA F CHANDLER

    CHAIR

    Total calculated
    $0
    Hours/week
    0.8

  • JARED CHALK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • MILES LEON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • JOSEPH A LOWERY

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • TERESA C PETERS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • KENNETH E RODMAN JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • KAREN SHAFFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • JEREMY R STARKEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • DEBORAH K STEARNS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • NATHANIEL P TYLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • STEVEN C WRIGHT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • GEORGE L CONSOLVO

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    0

  • ROBERT L DEWEY

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    0

  • LARRY R HILL

    TRUSTEE/BOV REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    0.5

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

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 August 2024
IRS schema version
2023v5.1
Source object
202422279349300227

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