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Nonprofiteer
← VIRGINIA UNION UNIVERSITY

Form 990 for tax year 2023

Filed by VIRGINIA UNION UNIVERSITY.

Totals

Total revenue
$50,981,433
Total expenses
$54,222,404
Contributions and grants received
$16,330,346
Grants paid
$5,225,270
Program service revenue
$33,378,139
Investment income
$1,272,948
Other revenue
$0
Total assets, end of year
$108,195,240
Total liabilities, end of year
$33,883,234
Net assets or fund balances, end of year
$74,312,006
Program services expenses (Part IX)
$34,770,518
Management and general expenses
$18,166,102
Fundraising expenses
$1,285,784
Program service expenses (Part III)
$34,770,518

Program services were 64.1% 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)

    $10,876,080

  • 1f · All other contributions, gifts and grants

    $5,454,266

  • 2a · Program service revenue: TUITION AND FEES

    total $24,630,621 · related or exempt $24,630,621

  • 2b · Program service revenue: AUXILIARY SALES AND SERVICES

    total $7,159,107 · related or exempt $7,159,107

  • 2c · Program service revenue: OTHER INCOME

    total $1,588,411 · related or exempt $1,588,411

  • 3 · Investment income

    total $1,043,196 · excluded $1,043,196

  • 7a · Gross sales of assets other than inventory

    securities $8,772,548

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

    securities $8,542,796

  • 7c · Gain or loss

    securities $229,752

  • 7d · Net gain or loss

    total $229,752 · excluded $229,752

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,225,270 · program services $5,225,270

  • 5 · Compensation of officers, directors and key employees

    total $1,076,027 · management and general $1,076,027

  • 7 · Other salaries and wages

    total $17,881,373 · program services $12,656,814 · management and general $4,910,328 · fundraising $314,231

  • 8 · Pension plan contributions

    total $194,508 · program services $154,085 · management and general $39,211 · fundraising $1,212

  • 9 · Other employee benefits

    total $1,034,887 · program services $667,364 · management and general $352,379 · fundraising $15,144

  • 10 · Payroll taxes

    total $1,323,092 · program services $896,351 · management and general $404,339 · fundraising $22,402

  • 11b · Fees: legal

    total $625,774 · management and general $625,774

  • 11c · Fees: accounting

    total $418,280 · program services $41,828 · management and general $376,452

  • 11e · Fees: professional fundraising services

    total $436,459 · fundraising $436,459

  • 11f · Fees: investment management

    total $147,478 · management and general $147,478

  • 12 · Advertising and promotion

    total $362,993 · program services $48,070 · management and general $265,785 · fundraising $49,138

  • 13 · Office expenses

    total $928,417 · program services $548,856 · management and general $373,169 · fundraising $6,392

  • 16 · Occupancy

    total $1,530,131 · program services $1,147,598 · management and general $382,533

  • 17 · Travel

    total $1,654,377 · program services $1,215,343 · management and general $426,677 · fundraising $12,357

  • 22 · Depreciation, depletion and amortization

    total $2,463,935 · program services $1,847,951 · management and general $615,984

  • 23 · Insurance

    total $1,155,010 · program services $335,191 · management and general $819,819

  • 24a · Other expenses: CONSULTING AND CONTRACT

    total $9,954,765 · program services $6,917,807 · management and general $2,974,660 · fundraising $62,298

  • 24b · Other expenses: OTHER

    total $3,868,078 · program services $1,587,167 · management and general $1,938,628 · fundraising $342,283

  • 24c · Other expenses: BAD DEBT

    total $2,018,762 · management and general $2,018,762

  • 24d · Other expenses: EQUIPMENT AND MAINTENAN

    total $1,922,788 · program services $1,480,823 · management and general $418,097 · fundraising $23,868

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,418,981 · end of year $1,259,534

  • 2 · Savings and temporary cash investments

    beginning of year $1,772,972 · end of year $2,868,940

  • 3 · Pledges and grants receivable

    beginning of year $5,684,544 · end of year $2,526,299

  • 4 · Accounts receivable

    beginning of year $5,066,251 · end of year $6,328,103

  • 9 · Prepaid expenses and deferred charges

    beginning of year $580,559 · end of year $1,792,981

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

    $108,285,233

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

    $68,278,409

  • 10c · Land, buildings and equipment, net

    beginning of year $40,305,900 · end of year $40,006,824

  • 11 · Investments: publicly traded securities

    beginning of year $32,588,564 · end of year $33,712,620

  • 15 · Other assets

    beginning of year $9,007,847 · end of year $19,699,939

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,464,922 · end of year $8,710,451

  • 19 · Deferred revenue

    beginning of year $3,008,650 · end of year $2,882,311

  • 24 · Unsecured notes and loans payable

    beginning of year $11,134,408 · end of year $20,685,397

  • 25 · Other liabilities

    beginning of year $1,612,488 · end of year $1,605,075

  • 27 · Net assets without donor restrictions

    beginning of year $22,850,502 · end of year $23,647,273

  • 28 · Net assets with donor restrictions

    beginning of year $51,354,648 · end of year $50,664,733

Mission and programs · 2023

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 $34,770,518 · Grants $5,225,270 · Revenue $33,378,139

As filed on the 2023 return.

Listed in Part VII

  • Dr W Franklyn Richardson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Dr Darran T Brandon Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Jeannie P Baliles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Reverend Milton P Bunting

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Lucille M Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms An'Jou C White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Tyrone E Dickerson CPA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Kenneth M Jones II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Roland E Moore

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • The Honorable N Scott Phillips Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Lawrence P Bancroft

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Howard-John Wesley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Theron D Williams Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Necole Parker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Kenya Blake

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Kei'Shaun D Hardy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Pamela Kiecker Royall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Lance D Watson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Carolyn W Jacobs

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dr Jimmy R Jenkins Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Darius A Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Hakim Lucas

    PRESIDENT

    Total calculated
    $703,596
    From this org
    $590,889
    From related orgs
    $0
    Other
    $112,707
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $590,889
    Bonus
    $0
    Other
    $0
    Deferred
    $112,610
    Nontaxable benefits
    $97
    Filer's total
    $703,596

  • Mr Gregory E Lewis

    VP FINANCIAL AFFAIRS

    Total calculated
    $203,002
    From this org
    $193,077
    From related orgs
    $0
    Other
    $9,925
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,077
    Bonus
    $0
    Other
    $0
    Deferred
    $8,689
    Nontaxable benefits
    $1,236
    Filer's total
    $203,002

  • Dr Allia L Carter

    CHIEF OPERATING OFFICER

    Total calculated
    $242,849
    From this org
    $242,700
    From related orgs
    $0
    Other
    $149
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,700
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $149
    Filer's total
    $242,849

  • Mr Franklin E Patterson

    CHIEF OF STAFF

    Total calculated
    $224,720
    From this org
    $224,462
    From related orgs
    $0
    Other
    $258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,462
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $258
    Filer's total
    $224,720

  • Dr Robin R Davis

    DEAN, SCHOOL OF BUSINESS

    Total calculated
    $155,098
    From this org
    $148,617
    From related orgs
    $0
    Other
    $6,481
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,617
    Bonus
    $0
    Other
    $0
    Deferred
    $5,902
    Nontaxable benefits
    $579
    Filer's total
    $155,098

  • Ms Linda R Jackson

    VP, RESEARCH AND INNOVATION

    Total calculated
    $158,946
    From this org
    $151,796
    From related orgs
    $0
    Other
    $7,150
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,796
    Bonus
    $0
    Other
    $0
    Deferred
    $4,916
    Nontaxable benefits
    $2,234
    Filer's total
    $158,946

  • John Guns

    DEAN, SCHOOL OF THEOLOGY

    Total calculated
    $162,311
    From this org
    $161,775
    From related orgs
    $0
    Other
    $536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,775
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $536
    Filer's total
    $162,311

  • Mignon Jacobs

    VP, ACADEMIC AFFAIRS

    Total calculated
    $170,186
    From this org
    $162,639
    From related orgs
    $0
    Other
    $7,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,639
    Bonus
    $0
    Other
    $0
    Deferred
    $7,269
    Nontaxable benefits
    $278
    Filer's total
    $170,186

  • Mr Joseph M Green

    ASSOCIATE PROFESSOR, SOCIAL WORK

    Total calculated
    $146,410
    From this org
    $146,152
    From related orgs
    $0
    Other
    $258
    Hours/week
    40

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 2023: HAKIM J. LUCAS - $100,385.36

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403479349301435

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