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Nonprofiteer
← RADFORD UNIVERSITY FOUNDATION INC

Form 990 for tax year 2022

Filed by RADFORD UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$8,055,218
Total expenses
$6,011,339
Contributions and grants received
$4,411,002
Grants paid
$3,730,732
Program service revenue
$258,223
Investment income
$3,731,310
Other revenue
-$345,317
Total assets, end of year
$110,551,729
Total liabilities, end of year
$15,360,277
Net assets or fund balances, end of year
$95,191,452
Program services expenses (Part IX)
$5,077,060
Management and general expenses
$759,535
Fundraising expenses
$174,744
Program service expenses (Part III)
$5,077,060

Program services were 84.5% 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.

  • 1f · All other contributions, gifts and grants

    $4,411,002

  • 1g · Noncash contributions included above

    $246,400

  • 2f · All other program service revenue

    total $258,223 · related or exempt $258,223

  • 3 · Investment income

    total $1,512,016 · unrelated business $130,506 · excluded $1,381,510

  • 6a · Gross rents

    real property $1,005,122

  • 6b · Less rental expenses

    real property $1,350,439

  • 6c · Rental income or loss

    real property -$345,317

  • 6d · Net rental income or loss

    total -$345,317 · related or exempt -$345,317

  • 7a · Gross sales of assets other than inventory

    securities $2,231,366 · other assets $135,500

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

    securities $0 · other assets $147,572

  • 7c · Gain or loss

    securities $2,231,366 · other assets -$12,072

  • 7d · Net gain or loss

    total $2,219,294 · excluded $2,219,294

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,074,317 · program services $1,074,317

  • 2 · Grants to domestic individuals

    total $2,656,415 · program services $2,656,415

  • 5 · Compensation of officers, directors and key employees

    total $324,806 · management and general $324,806

  • 7 · Other salaries and wages

    total $133,887 · management and general $133,887

  • 8 · Pension plan contributions

    total $22,450 · management and general $22,450

  • 9 · Other employee benefits

    total $31,870 · management and general $31,870

  • 10 · Payroll taxes

    total $38,108 · management and general $38,108

  • 11a · Fees: management

    total $105,736 · program services $90,874 · management and general $8,767 · fundraising $6,095

  • 11b · Fees: legal

    total $33,626 · program services $7,739 · management and general $25,887

  • 11c · Fees: accounting

    total $25,090 · program services $590 · management and general $24,500

  • 11f · Fees: investment management

    total $323,539 · program services $323,539

  • 12 · Advertising and promotion

    total $15,445 · program services $15,170 · management and general $275

  • 13 · Office expenses

    total $4,574 · program services $1,905 · management and general $2,669

  • 16 · Occupancy

    total $55,331 · program services $42,148 · management and general $13,183

  • 17 · Travel

    total $97,060 · program services $80,838 · management and general $8,452 · fundraising $7,770

  • 19 · Conferences, conventions and meetings

    total $661,345 · program services $567,549 · management and general $11,596 · fundraising $82,200

  • 20 · Interest

    total $6,833 · program services $6,833

  • 23 · Insurance

    total $66,194 · program services $6,521 · management and general $59,673

  • 24a · Other expenses: DUES

    total $189,412 · program services $103,226 · management and general $28,510 · fundraising $57,676

  • 24b · Other expenses: EQUIPMENT AND SUPPLIES

    total $109,773 · program services $94,851 · management and general $14,922

  • 24c · Other expenses: BANK AND ONLINE FEES

    total $31,061 · program services $78 · management and general $9,980 · fundraising $21,003

  • 24d · Other expenses: INCOME TAXES

    total $4,467 · program services $4,467

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,411,076 · end of year $900,627

  • 3 · Pledges and grants receivable

    beginning of year $3,253,923 · end of year $3,211,749

  • 4 · Accounts receivable

    beginning of year $245,492 · end of year $291,447

  • 7 · Other notes and loans receivable

    beginning of year $135,374 · end of year $97,344

  • 9 · Prepaid expenses and deferred charges

    beginning of year $122,753 · end of year $118,311

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

    $18,112,196

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

    $3,357,034

  • 10c · Land, buildings and equipment, net

    beginning of year $15,035,325 · end of year $14,755,162

  • 11 · Investments: publicly traded securities

    beginning of year $59,759,882 · end of year $65,468,275

  • 12 · Investments: other securities

    beginning of year $16,652,099 · end of year $15,455,206

  • 15 · Other assets

    beginning of year $8,691,430 · end of year $10,253,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $238,903 · end of year $531,258

  • 23 · Secured mortgages and notes payable

    beginning of year $14,756,095 · end of year $14,264,150

  • 24 · Unsecured notes and loans payable

    end of year $300,000

  • 25 · Other liabilities

    beginning of year $322,397 · end of year $264,869

  • 27 · Net assets without donor restrictions

    beginning of year $15,780,115 · end of year $16,219,029

  • 28 · Net assets with donor restrictions

    beginning of year $75,209,844 · end of year $78,972,423

Mission and programs · 2022

Mission

TO SUPPORT RADFORD UNIVERSITY

  • UNIVERSITY SUPPORT: PURCHASE OF EQUIPMENT AND SUPPLIES FOR THE COLLEGES AND DEPARTMENTS CAPITAL UPGRADE OF THE UNIVERSITY'S FACILITIES AND BASEBALL FIELD PAYMENTS TO SUPPLEMENT UNIVERSITY PERSONNEL SALARIES AND BENEFITS SPEAKERS FOR AND SPONSORSHIP OF UNIVERSITY EVENTS

    Expenses $2,420,645 · Grants $1,074,317 · Revenue $258,223

  • SCHOLARSHIPS AND SPECIAL AWARDS: BENEFITTING STUDENTS AND FACULTY MEMBERS OF RADFORD UNIVERSITY

    Expenses $2,656,415 · Grants $2,656,415

As filed on the 2022 return.

Listed in Part VII

  • Michelle O'Connor

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jay Kenslow

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • William McNulty

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2

  • John Chomeau

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Marquett Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Donnelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher Conte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Allison Felix

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeff MacKinnon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rachel D Fowlkes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Rader

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Curtis Martin II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Audra Shekleton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bret Danilowicz Ru President

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Jennelle Interim Cfo Vp

    DIRECTOR THRU 2/28/23

    Total calculated
    $0
    Hours/week
    2

  • Rob Hoover Ru Cfo Vp

    DIRECTOR BEGINS 3/1/23

    Total calculated
    $0
    Hours/week
    2

  • Marten Denboer Interim Ru Provost-V

    DIRECTOR THRU 5/31/23

    Total calculated
    $0
    Hours/week
    2

  • Bethany Usher Ru Provost Vp

    DIRECTOR BEGINS 6/1/23

    Total calculated
    $0
    Hours/week
    2

  • Penny White Ru Vp Advancement

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John F Cox Jr

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $193,658
    From this org
    $182,003
    From related orgs
    $0
    Other
    $11,655
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $182,003
    Bonus
    $0
    Other
    $0
    Deferred
    $9,513
    Nontaxable benefits
    $2,142
    Filer's total
    $193,658

  • Derek Neal

    CHIEF FINANCIAL OFFICER

    Total calculated
    $131,148
    From this org
    $117,289
    From related orgs
    $0
    Other
    $13,859
    Hours/week
    40 + 2 related

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 · Approval by the board or compensation committee

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

  • RADFORD UNIVERSITY

    $586,708

    OTHER OPERATIONAL SUPPORT

  • RADFORD UNIVERSITY

    $487,609

    SALARY SUPPORT

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.

  • RADFORD UNIVERSITY FOUNDATION REAL ESTATE MANAGEMENT LLC

    REAL ESTATE HOLDING · VA · income $0 · assets $0

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF 915 TYLER AVE LLC

    REAL ESTATE HOLDING · VA · income $0 · assets $1,278,214

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF 905 TYLER AVE LLC

    REAL ESTATE HOLDING · VA · income $0 · assets $266,909

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF 613 DOWNEY STREET LLC

    REAL ESTATE HOLDING · VA · income $7,840 · assets $29,900

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF 705 DAVIS STREET LLC

    REAL ESTATE HOLDING · VA · income $3,143 · assets $131,563

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF RU CAMPUS CHAPEL LLC

    REAL ESTATE HOLDING · VA · income $0 · assets $64,856

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF SELU LANE LLC

    REAL ESTATE HOLDING · VA · income $1 · assets $869,373

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF 903 TYLER AVE LLC

    REAL ESTATE HOLDING · VA · income $14,000 · assets $224,187

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF 600 TYLER AVE LLC

    REAL ESTATE HOLDING · VA · income $0 · assets $0

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF 326 CLEMENT STREET LLC

    REAL ESTATE HOLDING · VA · income $8,001 · assets $117,940

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF LOT 6 E MAIN STREET LLC

    REAL ESTATE HOLDING · VA · income $0 · assets $90,000

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF 219 EAST MAIN STREET LLC

    REAL ESTATE HOLDING · VA · income $69,869 · assets $361,170

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF 609 HOWE STREET LLC

    REAL ESTATE HOLDING · VA · income $19,244 · assets $213,426

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RADFORD UNIVERSITY ALUMNI ASSOCIATION LLC

    ALUMNI ASSOCIATION · VA · income $0 · assets $0

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF REAL ESTATE ENTERPRISES LLC

    REAL ESTATE HOLDING · VA · income $836,005 · assets $10,388,259

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF 104 MADISON AVE LLC

    REAL ESTATE HOLDING · VA · income $46,820 · assets $381,573

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF COUNTRY CLUB LOTS LLC

    REAL ESTATE HOLDING · VA · income $0 · assets $337,263

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

  • RUF HOTEL LAND LLC

    REAL ESTATE HOLDING · VA · income $7,600 · assets $7,158,457

    Directly controlled by RADFORD UNIVERSITY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
18 April 2024
IRS schema version
2022v5.0
Source object
202441369349317019

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