Form 990 for tax year 2023
Filed by EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION.
Totals
- Total revenue
- $14,673,075
- Total expenses
- $11,673,261
- Contributions and grants received
- $4,363,916
- Grants paid
- $10,043,531
- Program service revenue
- $0
- Investment income
- $10,165,532
- Other revenue
- $143,627
- Total assets, end of year
- $184,852,997
- Total liabilities, end of year
- $663,617
- Net assets or fund balances, end of year
- $184,189,380
- Program services expenses (Part IX)
- $10,043,531
- Management and general expenses
- $1,350,005
- Fundraising expenses
- $279,725
- Program service expenses (Part III)
- $10,043,531
Program services were 86.0% 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
$4,363,916
-
1g · Noncash contributions included above
$61,528
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $2,441,826 · unrelated business $310,669 · excluded $2,131,157
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $10,884,481
-
7b · Less cost or other basis and sales expenses
securities $3,160,775
-
7c · Gain or loss
securities $7,723,706 · other assets $0
-
7d · Net gain or loss
total $7,723,706 · excluded $7,723,706
-
11a · Other revenue: FUNDRAISING REIMBURSEMENT
total $109,833 · related or exempt $109,833
-
11b · Other revenue: NET LIFE INSURANCE ACTIVITY
total $33,794 · related or exempt $33,794
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$143,627
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,034,550 · program services $10,034,550
-
2 · Grants to domestic individuals
total $8,981 · program services $8,981
-
7 · Other salaries and wages
total $185,954 · management and general $185,954
-
9 · Other employee benefits
total $40,798 · management and general $40,798
-
11b · Fees: legal
total $928 · management and general $928
-
11c · Fees: accounting
total $44,108 · management and general $44,108
-
11e · Fees: professional fundraising services
total $46,050 · fundraising $46,050
-
11f · Fees: investment management
total $801,758 · management and general $801,758
-
11g · Fees: other
total $189,795 · program services $0 · management and general $0 · fundraising $189,795
-
16 · Occupancy
total $4,476 · management and general $4,476
-
23 · Insurance
total $6,500 · management and general $6,500
-
24a · Other expenses: UBI TAX
total $231,354 · management and general $231,354
-
24b · Other expenses: SPECIAL EVENTS & OTHER
total $43,880 · fundraising $43,880
-
24c · Other expenses: GENERAL EXPENSES
total $34,123 · management and general $34,123
-
24d · Other expenses: BANK CHARGES
total $6 · management and general $6
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,182,583 · end of year $2,626,269
-
3 · Pledges and grants receivable
beginning of year $12,674,543 · end of year $11,450,811
-
4 · Accounts receivable
beginning of year $3,679,481 · end of year $3,853,087
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $40,330,091 · end of year $35,595,085
-
12 · Investments: other securities
beginning of year $115,473,878 · end of year $129,428,255
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $1,847,294 · end of year $1,899,490
-
17 · Accounts payable and accrued expenses
beginning of year $250 · end of year $26,078
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $220,640 · end of year $637,539
-
27 · Net assets without donor restrictions
beginning of year $23,402,219 · end of year $25,556,995
-
28 · Net assets with donor restrictions
beginning of year $151,564,761 · end of year $158,632,385
Mission and programs · 2023
Mission
The Eastern Virginia Medical School Foundation serves to strengthen the financial security of the Eastern Virginia Medical School by accepting, investing and managing gifts, donations and bequests.
-
RESTRICTED GRANTS GIVEN TO THE EASTERN VIRGINIA MEDICAL SCHOOL FOR MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS.
Expenses $5,461,478 · Grants $5,461,478 · Revenue $143,627
-
APPROPRIATIONS FOR PROGRAM AND PROFESSORSHIP ENHANCEMENTS OF THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION.
Expenses $1,987,334 · Grants $1,987,334
-
APPROPRIATIONS FOR MAINTENANCE AND OPERATIONS OF THE EASTERN VIRGINIA SCHOOL FOR MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS
Expenses $1,400,696 · Grants $1,400,696
-
APPROPRIATIONS FOR STUDENT SCHOLARSHIPS AT THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION.
Expenses $1,194,023 · Grants $1,194,023
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mark B DreyfusMARK B DREYFUS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Shirley C BaldwinSHIRLEY C BALDWIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen M SnyderSTEPHEN M SNYDER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Andrew S FineANDREW S FINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
B Thomas MansbachB THOMAS MANSBACH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Clyde T Clark JrCLYDE T CLARK JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dawn S GlynnDAWN S GLYNN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hans VonKruger
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jane R ShortJANE R SHORT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kirkland KelleyKIRKLAND KELLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lewis Webb IIILEWIS WEBB III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Louis F RyanLOUIS F RYAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark D ManionMARK D MANION
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Patricia Y KingPATRICIA Y KING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Randolph HooverRANDOLPH HOOVER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert C GoodmanROBERT C GOODMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robin D RayROBIN D RAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vandana A PatelVANDANA A PATEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vincent J Mastracco JrVINCENT J MASTRACCO JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
EASTERN VIRGINIA MEDICAL SCHOOL
$10,034,550
SUPPORT EVMS PROFESSORSHIPS, CHAIRS, OPERATIONS, AND SCHOLARSHIPS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433309349300523
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