Nonprofit · EIN 23-7235954
NORFOLK STATE UNIVERSITY FOUNDATION INC
Tax-exempt · NORFOLK, VA 23504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,370,289 | $7,063,095 | $6,307,194 | $121,069,562 | $148,836 | $120,920,726 |
| December 31, 2023 | 990 | $7,829,626 | $6,593,800 | $1,235,826 | $109,807,709 | $589,928 | $109,217,781 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,220,180
- Program service revenue
- $0
- Investment income
- $4,150,109
- Net gain from sales of assets
- $1,667,167
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,408,593
- Compensation of officers, directors and key employees
- $152,672
- Other salaries and wages
- $692,117
- Salaries, compensation and benefits (total)
- $1,013,888
- Professional fundraising fees
- $0
- Legal fees
- $14,868
- Accounting fees
- $35,768
- Occupancy
- $60,346
- Travel
- $277,286
- Depreciation
- $69,058
- Program services (functional)
- $5,951,871
- Management and general (functional)
- $932,722
- Fundraising (functional)
- $178,502
Balance sheet and other
- Total assets, start of year
- $109,807,709
- Total assets, end of year
- $121,069,562
- Total liabilities, end of year
- $148,836
- Net assets, end of year
- $120,920,726
- Land, buildings and equipment
- $2,343,363
- Publicly traded securities
- $103,269,711
- Net assets without donor restrictions
- $49,075,260
- Net assets with donor restrictions
- $71,845,466
- Gross receipts
- $18,254,305
- Employees
- 5
- Volunteers
- 26
- Year formed
- 1971
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR JAVAUNE ADAMS-GASTON | DIRECTOR Trustee or director | 0.5 | $0 | $545,277 | $11,208 |
| DR CLIFFORD PORTER JR | DIRECTOR - NON-VOTING Trustee or director | 0.5 | $0 | $290,125 | $11,708 |
| CRYSTAL D JENKINS | EXECUTIVE DIRECTOR Trustee or director, Officer | 48 | $152,672 | $0 | $0 |
| ANTHONY WALTERS | VICE PRESIDENT, HUMAN RESOURCES COMMITTEE Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
| ANTONIO HARRISON | DIRECTOR - NON-VOTING Trustee or director | 0.5 | $0 | $0 | $0 |
| BRUCE HUNTER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CRYSTAL LASSITER | COMMITTEE ON DIRECTORS CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID R KENERSON JR | TREASURER, FINANCE/INVESTM Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
| DEBORAH C FONTAINE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DIANNE BOARDLEY SUBER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| EARL LEE | DEVELOPMENT COMMITTEE CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
| ELIAS OXENDINE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| GREGORY FRANKLIN | BYLAWS, ARTICLES & INSURANCE COMMITTEE CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
| HARRY L WATKINS II | DIRECTOR - NON-VOTING Trustee or director | 0.5 | $0 | $0 | $0 |
| JACK HOWARD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JORDAN D MOODY | DIRECTOR - NON-VOTING Trustee or director | 0.5 | $0 |
| KANDI HALL | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN CLARK | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| KIM BROWN | DIRECTOR Trustee or director | 0.5 | $0 |
| KYLE PRICE | DIRECTOR Trustee or director | 0.5 | $0 |
| LORIE MCCOWAN | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| NATE JOHNSON | AUDIT COMMITTEE CHAIR Trustee or director | 0.5 | $0 |
| ROBERT K PERKINS | DIRECTOR - NON-VOTING Trustee or director | 0.5 | $0 |
| SYDANA ROGERS HOLLINS | STRATEGIC PLANNING COMMITTEE CHAIR Trustee or director | 0.5 | $0 |
| TAMARA JONES | DIRECTOR Trustee or director | 0.5 | $0 |
| TERRIS TODD | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 31 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JAVAUNE ADAMS-GASTON | DIRECTOR Trustee or director | 0.5 | $0 | $503,969 |
| CLIFFORD PORTER | DIRECTOR - NON-VOTING Trustee or director | 0.5 | $0 | $251,545 |
| CRYSTAL D JENKINS | EXECUTIVE DIRECTOR Trustee or director, Officer | 48 | $137,247 | $0 |
| YVONNE T ALLMOND | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SYDANA ROGERS HOLLINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANTHONY WALTERS | HUMAN RESOURCES COMMITTEE Trustee or director | 0.5 | $0 | $0 |
| LORIE MCCOWAN | VICE PRESIDENT Trustee or director, Officer | 1.5 | $0 | $0 |
| DEVON HENRY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TAMARA JONES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ALLEN R JONES JR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID R KENERSON JR | TREASURER, FINANCE/INVESTMENT COMMITTEE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| TRISTAN R BREAUX | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHARLETTE FAIRCHILD | COMMITTEE ON DIRECTORS CO- Trustee or director | 0.5 | $0 | $0 |
| DIANNE BOARDLEY SUBER | STRATEGIC PLANNING COMMITT Trustee or director | 0.5 | $0 | $0 |
| CHARLES T SAUNDERS | AUDIT COMMITTEE CHAIR Trustee or director | 0.5 | $0 | $0 |
| NATE JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TRAVIS L AMES SR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JORDAN D MOODY | DIRECTOR - NON-VOTING Trustee or director | 0.5 | $0 | $0 |
| ROBERT K PERKINS | DIRECTOR - NON-VOTING Trustee or director | 0.5 | $0 | $0 |
| LEONARD W JONES | BYLAWS, ARTICLES & INSURAN Trustee or director | 0.5 | $0 | $0 |
| KEVIN CLARK | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| HAROLD L WATKINS II | DIRECTOR - NON-VOTING Trustee or director | 0.5 | $0 | $0 |
| PATRICIA L STITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRENDA ANDREWS | DEVELOPMENT COMMITTEE CHAI Trustee or director | 0.5 | $0 | $0 |
| ANTONIO HARRISON | DIRECTOR - NON-VOTING Trustee or director | 0.5 | $0 | $0 |
| DEBORAH C FONTAINE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EARL LEE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CARLA BAILEY | PRESIDENT Trustee or director, Officer | 1.5 | $0 | $0 |
| KEITH I JONES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TERRIS TODD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ELIAS OXENDINE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 PARK AVE STE 410, NORFOLK, VA 23504-8050
- Principal officer (990 for 2024)
- CRYSTAL D JENKINS, 700 PARK AVE, NORFOLK, VA 23504
- Signed the 990
- CRYSTAL D JENKINS, EXECUTIVE DIRECTOR
- Phone
- (757) 823-2928
- Return prepared by
- PBMARES LLP
Mission
TO PROVIDE FINANCIAL SUPPORT TO NORFOLK STATE UNIVERSITY.
Program accomplishments
- THE FOUNDATION MADE SCHOLARSHIP DISBURSEMENTS THIS YEAR TO OVER 1,000 NORFOLK STATE UNIVERSITY STUDENTS WHO ARE DESIGNATED BY THE UNIVERSITY TO RECEIVE SCHOLARSHIPS FROM SCHOLARSHIP FUNDS WHICH HAVE BEEN ESTABLISHED BY VARIOUS DONORS. NEED BASED SCHOLARSHIPS ARE PROVIDED TO TALENTED, FINANCIALLY DISADVANTAGED STUDENTS. MANY STUDENTS ARE ABLE TO ATTEND NORFOLK STATE UNIVERSITY ONLY BECAUSE OF THE GENEROSITY AND SUPPORT OF PRIVATE DONORS WHO GIVE TO THE FOUNDATION. MERIT SCHOLARSHIPS PROVIDED BY THE FOUNDATION, ALLOWS THE UNIVERSITY TO RECRUIT AND RETAIN TOP RANKED STUDENTS FROM ACROSS THE NATION AND THE WORLD, ADDING TO THE RICH ACADEMIC ENVIRONMENT OF THE UNIVERSITY.Expenses $3,408,593 · grants $3,408,593
- THE FOUNDATION PROVIDES SUPPORT SERVICES FOR THE BENEFIT OF NORFOLK STATE UNIVERSITY AND ITS STUDENTS. THE FOUNDATION SUPPORTED EDUCATIONAL PROGRAMS THAT OFFERED STUDENTS HANDS ON EXPERIENCE WITH NEW PARTNERS LIKE ICON 360, OFFSHORE WIND STUDIES, SENTARA, EVMS, AND ABOUT LOVE WITH TIFFANY & CO., THE SHAWN CARTER FOUNDATION AND BEYGOOD TO NAME JUST A FEW OF THESE AMAZING OPPORTUNITIES THAT DIRECTLY IMPACTED OVER 600 NSU STUDENTS. THE FOUNDATION ENABLES THE UNIVERSITY TO FULFILL ITS MISSION BY SUPPORTING PROGRAMS AND INITIATIVES THAT ENRICH ACADEMIC PROGRAMS, ATTRACT AND RETAIN QUALITY FACULTY, PROVIDE SCHOLARSHIPS TO PROMISING STUDENTS, AND INCREASE STUDENT ACCESS TO CUTTING EDGE TECHNOLOGY.Expenses $2,543,278
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7235954
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43I)
- Assets (IRS master file)
- $121,069,562
- Income (IRS master file)
- $18,254,305
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $13,370,289 | $7,063,095 | $121,069,562 | XML |
| 990 | December 2023 | $7,829,626 | $6,593,800 | $109,807,709 | XML |
| 990 | December 2022 | $8,996,683 | $4,031,735 | $98,346,627 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7235954).
Questions about NORFOLK STATE UNIVERSITY FOUNDATION INC
- What is the EIN of NORFOLK STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of NORFOLK STATE UNIVERSITY FOUNDATION INC is 23-7235954.
- Is NORFOLK STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to NORFOLK STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORFOLK STATE UNIVERSITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORFOLK STATE UNIVERSITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORFOLK STATE UNIVERSITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORFOLK STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names CRYSTAL D JENKINS.
- Who are the officers and directors of NORFOLK STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 1 received compensation from the organization.
- How much revenue does NORFOLK STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,370,289, expenses of $7,063,095 and total assets of $121,069,562 at year end.
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