Totals
- Total revenue
- $65,604,693
- Total expenses
- $63,630,019
- Contributions and grants received
- $24,251,513
- Grants paid
- $8,106,157
- Program service revenue
- $39,105,383
- Investment income
- $2,343,815
- Other revenue
- -$96,018
- Total assets, end of year
- $130,146,019
- Total liabilities, end of year
- $50,709,606
- Net assets or fund balances, end of year
- $79,436,413
- Program services expenses (Part IX)
- $43,180,206
- Management and general expenses
- $19,094,871
- Fundraising expenses
- $1,354,942
- Program service expenses (Part III)
- $43,180,206
Program services were 67.9% 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.
-
1e · Government grants (contributions)
$16,659,858
-
1f · All other contributions, gifts and grants
$7,591,655
-
2a · Program service revenue: TUITION AND FEES
total $29,844,397 · related or exempt $29,844,397
-
2b · Program service revenue: AUXILIARY SALES AND SERVICES
total $7,734,495 · related or exempt $7,734,495
-
2c · Program service revenue: OTHER INCOME
total $1,526,491 · related or exempt $1,526,491
-
3 · Investment income
total $1,196,333 · excluded $1,196,333
-
6a · Gross rents
real property $192,225
-
6b · Less rental expenses
real property $288,243
-
6c · Rental income or loss
real property -$96,018
-
6d · Net rental income or loss
total -$96,018 · unrelated business -$96,018
-
7a · Gross sales of assets other than inventory
securities $9,932,324
-
7b · Less cost or other basis and sales expenses
securities $8,784,842
-
7c · Gain or loss
securities $1,147,482
-
7d · Net gain or loss
total $1,147,482 · excluded $1,147,482
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $8,106,157 · program services $8,106,157
-
5 · Compensation of officers, directors and key employees
total $1,853,480 · management and general $1,853,480
-
7 · Other salaries and wages
total $18,356,824 · program services $13,071,165 · management and general $4,852,719 · fundraising $432,940
-
8 · Pension plan contributions
total $223,271 · program services $98,407 · management and general $119,643 · fundraising $5,221
-
9 · Other employee benefits
total $1,215,158 · program services $584,583 · management and general $616,577 · fundraising $13,998
-
10 · Payroll taxes
total $1,346,089 · program services $661,392 · management and general $656,343 · fundraising $28,354
-
11b · Fees: legal
total $843,910 · program services $843,910
-
11c · Fees: accounting
total $391,892 · program services $391,892
-
11e · Fees: professional fundraising services
total $660,836 · fundraising $660,836
-
11f · Fees: investment management
total $127,310 · management and general $127,310
-
12 · Advertising and promotion
total $259,153 · program services $258,266 · fundraising $887
-
13 · Office expenses
total $872,405 · program services $488,050 · management and general $372,699 · fundraising $11,656
-
16 · Occupancy
total $4,028,918 · program services $1,288,648 · management and general $2,725,499 · fundraising $14,771
-
17 · Travel
total $1,301,312 · program services $296,454 · management and general $990,373 · fundraising $14,485
-
22 · Depreciation, depletion and amortization
total $2,247,884 · program services $1,838,906 · management and general $408,978
-
23 · Insurance
total $2,036,168 · program services $1,736,308 · management and general $299,860
-
24a · Other expenses: CONSULTING AND CONTRACT
total $11,412,955 · program services $6,626,306 · management and general $4,767,226 · fundraising $19,423
-
24b · Other expenses: OTHER
total $4,371,507 · program services $3,745,070 · management and general $498,929 · fundraising $127,508
-
24c · Other expenses: EQUIPMENT AND MAINTENAN
total $2,194,421 · program services $1,884,237 · management and general $285,321 · fundraising $24,863
-
24d · Other expenses: BAD DEBT
total $1,323,351 · program services $992,513 · management and general $330,838
-
24e · All other expenses
total $457,018 · program services $267,942 · management and general $189,076
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,259,534 · end of year $4,345,279
-
2 · Savings and temporary cash investments
beginning of year $2,868,940 · end of year $3,826,258
-
3 · Pledges and grants receivable
beginning of year $2,526,299 · end of year $3,342,620
-
4 · Accounts receivable
beginning of year $6,328,103 · end of year $4,730,212
-
9 · Prepaid expenses and deferred charges
beginning of year $1,792,981 · end of year $2,160,202
-
10a · Land, buildings and equipment: cost or other basis
$107,359,614
-
10b · Land, buildings and equipment: accumulated depreciation
$70,017,764
-
10c · Land, buildings and equipment, net
beginning of year $40,006,824 · end of year $37,341,850
-
11 · Investments: publicly traded securities
beginning of year $33,712,620 · end of year $35,220,849
-
13 · Investments: program-related
end of year $1,110,742
-
15 · Other assets
beginning of year $19,699,939 · end of year $38,068,007
-
17 · Accounts payable and accrued expenses
beginning of year $8,710,451 · end of year $7,961,548
-
19 · Deferred revenue
beginning of year $2,882,311 · end of year $2,889,199
-
24 · Unsecured notes and loans payable
beginning of year $20,685,397 · end of year $23,778,463
-
25 · Other liabilities
beginning of year $1,605,075 · end of year $16,080,396
-
27 · Net assets without donor restrictions
beginning of year $23,647,273 · end of year $42,310,630
-
28 · Net assets with donor restrictions
beginning of year $50,664,733 · end of year $37,125,783
Mission and programs · 2024
Mission
TO PROVIDE A NURTURING, INTELLECTUALLY CHALLENGING, AND SPIRITUALLY ENRICHING ENVIRONMENT FOR LEARNING; EMPOWER STUDENTS TO DEVELOP STRONG MORAL VALUES; AND DEVELOP SCHOLARS, LEADERS, AND LIFELONG LEARNERS.
Activities or mission (Part I)
TO PROVIDE A NURTURING, INTELLECTUALLY CHALLENGING AND SPIRITUALLY ENRICHING ENVIRONMENT FOR LEARNING, EMPOWER STUDENTS TO DEVELOP STRONG MORAL VALUES, AND DEVELOP SCHOLARS, LEADERS AND LIFELONG LEARNERS.
-
VIRGINIA UNION UNIVERSITY PROVIDES HIGHER EDUCATION OPPORTUNITIES TO STUDENTS ON A NON-DISCRIMINATORY BASIS. PROGRAM EXPENSES RELATE TO PROVIDING THIS EDUCATION.
Expenses $43,180,206 · Grants $8,106,157 · Revenue $39,105,383
As filed on the 2024 return.
Listed in Part VII
-
Dr W Franklyn RichardsonDR W FRANKLYN RICHARDSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Dr Darran T Brandon SrDR DARRAN T BRANDON SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ms Jeannie P BalilesMS JEANNIE P BALILES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Waddell G Jones JrDR WADDELL G JONES JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Lucille M BrownDR LUCILLE M BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ms An'Jou C WhiteMS AN'JOU C WHITE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Tyrone E Dickerson CPAMR TYRONE E DICKERSON CPA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Kenneth M Jones IIMR KENNETH M JONES II
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Roland E MooreDR ROLAND E MOORE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
The Honorable N Scott Phillips EsqTHE HONORABLE N SCOTT PHILLIPS ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Lawrence P BancroftMR LAWRENCE P BANCROFT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Howard-John WesleyDR HOWARD-JOHN WESLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Theron D Williams SrDR THERON D WILLIAMS SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ms Necole ParkerMS NECOLE PARKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ms Kenya BlakeMS KENYA BLAKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Kei'Shaun D HardyMR KEI'SHAUN D HARDY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Pamela Kiecker RoyallDR PAMELA KIECKER ROYALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr James E Coleman JrDR JAMES E COLEMAN JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ms Carolyn W JacobsMS CAROLYN W JACOBS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Dr Jimmy R Jenkins SrDR JIMMY R JENKINS SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Darius A JohnsonMR DARIUS A JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Hakim LucasDR HAKIM LUCAS
PRESIDENT
- Total calculated
- $1,256,200
- From this org
- $1,154,217
- From related orgs
- $0
- Other
- $101,983
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,154,217
- Bonus
- $0
- Other
- $0
- Deferred
- $101,900
- Nontaxable benefits
- $83
- Filer's total
- $1,256,200
-
Mr Gregory E LewisMR GREGORY E LEWIS
VP FINANCIAL AFFAIRS
- Total calculated
- $266,761
- From this org
- $256,572
- From related orgs
- $0
- Other
- $10,189
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $256,572
- Bonus
- $0
- Other
- $0
- Deferred
- $9,000
- Nontaxable benefits
- $1,189
- Filer's total
- $266,761
-
Mr Franklin E PattersonMR FRANKLIN E PATTERSON
CHIEF OF STAFF
- Total calculated
- $315,791
- From this org
- $315,543
- From related orgs
- $0
- Other
- $248
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $315,543
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $248
- Filer's total
- $315,791
-
Dr Robin R DavisDR ROBIN R DAVIS
ASSOCIATE PROFESSOR, MANAGEMENT
- Total calculated
- $164,712
- From this org
- $158,300
- From related orgs
- $0
- Other
- $6,412
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,300
- Bonus
- $0
- Other
- $0
- Deferred
- $5,909
- Nontaxable benefits
- $503
- Filer's total
- $164,712
-
Mr Michael S ManigaultMR MICHAEL S MANIGAULT
ASSOCIATE VP, PHILANTHROPY
- Total calculated
- $166,209
- From this org
- $166,154
- From related orgs
- $0
- Other
- $55
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,154
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $55
- Filer's total
- $166,209
-
John E GunsJOHN E GUNS
ASSISTANT PROFESSOR, PRACTICAL THEOLOGY
- Total calculated
- $180,244
- From this org
- $179,300
- From related orgs
- $0
- Other
- $944
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,300
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $944
- Filer's total
- $180,244
-
Mignon JacobsMIGNON JACOBS
VP, ACADEMIC AFFAIRS, PROVOST SAC
- Total calculated
- $214,411
- From this org
- $205,000
- From related orgs
- $0
- Other
- $9,411
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,000
- Bonus
- $0
- Other
- $0
- Deferred
- $9,000
- Nontaxable benefits
- $411
- Filer's total
- $214,411
-
Mr Joseph D TaylorMR JOSEPH D TAYLOR
VP, INTERCOLLEGIATE ATHLETICS
- Total calculated
- $165,322
- From this org
- $157,154
- From related orgs
- $0
- Other
- $8,168
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,154
- Bonus
- $0
- Other
- $0
- Deferred
- $7,027
- Nontaxable benefits
- $1,141
- Filer's total
- $165,322
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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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)
- PART I, LINE 1A
- THE HOUSING ALLOWANCE IS PROCESSED THROUGH PAYROLL. IT IS A SET AMOUNT AND NOT SUBJECT TO REIMBURSEMENT FOR EXPENSES.
- PART I, LINE 3
- THE BOARD OF DIRECTORS REVIEWS AND DETERMINES COMPENSATION FOR THE PRESIDENT.
- PART 1, LINE 4B
- THE UNIVERSITY OFFERS A NONQUALIFIED RETIREMENT PLAN UNDER SECTION 457(F). PARTICIPATION IS LIMITED TO THOSE EMPLOYEES EARNING AN ANNUAL SALARY OF $210,000, OR BASED ON CONTRACT NEGOTIATIONS. THE FOLLOWING INDIVIDUALS PARTICIPATE IN A NONQUALIFIED RETIREMENT PLAN AND THE CORRESPONDING AMOUNTS WERE CONTRIBUTED FOR THE CALENDAR YEAR 2024: HAKIM J. LUCAS - $92,163.58
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
No itemized grants to organizations on this return.
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
INDUSTRIAL HALL LANDLORD LLC
REAL ESTATE INVESTMENT · VA · 0.9% owned · share of assets $11,146,542
-
INDUSTRIAL HALL MANAGER LLC
REAL ESTATE INVESTMENT · VA · 1% owned · share of assets $11,034,763
-
INDUSTRIAL HALL MASTER TENANT LLC
REAL ESTATE INVESTMENT · VA · 0.01% owned
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
INDUSTRIAL HALL BLOCKER
VA · 100% owned · share of assets $11,146,542
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513299349300126
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