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Nonprofit · EIN 54-6047289

LONGWOOD UNIVERSITY FOUNDATION INC

Tax-exempt · FARMVILLE, VA 23909

Financials

$7.3M$7.4M2023$12.4M$12.8M2024
Revenue Expenses · by fiscal year end
Financials of LONGWOOD UNIVERSITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$12,352,007$12,769,493-$417,486$116,073,655$1,401,130$114,672,525
December 31, 2023990$7,289,006$7,367,378-$78,372$106,166,411$528,296$105,638,115
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,698,598
Program service revenue
$0
Investment income
$6,580,855
Royalties
$10,620
Net gain from sales of assets
$4,752,051
Other revenue
$72,554

Expenses

Grants and similar amounts paid
$10,328,855
Compensation of officers, directors and key employees
$467,426
Other salaries and wages
$958,118
Salaries, compensation and benefits (total)
$1,425,544
Professional fundraising fees
$0
Legal fees
$8,685
Accounting fees
$46,409
Occupancy
$6,914
Travel
$26,919
Depreciation
$2,125
Program services (functional)
$10,437,665
Management and general (functional)
$1,535,047
Fundraising (functional)
$796,781

Balance sheet and other

Total assets, start of year
$106,166,411
Total assets, end of year
$116,073,655
Total liabilities, end of year
$1,401,130
Net assets, end of year
$114,672,525
Land, buildings and equipment
$1,338,914
Publicly traded securities
$17,451,791
Net assets without donor restrictions
$9,669,846
Net assets with donor restrictions
$105,002,679
Gross unrelated business income
$47,901
Gross receipts
$12,543,185
Employees
5
Volunteers
0
Year formed
1959
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.

NameTitleHours / weekCompensationOther / benefits
BURT HAZELWOODCEO
Officer
40$255,538$44,120
DIAN DYCKESCONTROLLER
Officer
40$132,303$35,465
ROBERT S WERTZ JRDIRECTOR
Trustee or director, Officer
0.5$0$0
TAMARA JONESPRESIDENT
Trustee or director, Officer
5$0$0
EILEEN M ANDERSONDIRECTOR
Trustee or director
0.5$0$0
JOSEPH W BARTHOLOMEW IIIDIRECTOR
Trustee or director
0.5$0$0
KATHARINE AXSON KEELDIRECTOR
Trustee or director
0.5$0$0
JEFF NOTTINGHAMDIRECTOR
Trustee or director
0.5$0$0
BONNIE DAVISDIRECTOR
Trustee or director
0.5$0$0
CHUCK DOWDYDIRECTOR
Trustee or director
0.5$0$0
COLIN DUCHARMEDIRECTOR
Trustee or director
0.5$0$0
SUSAN FIERRODIRECTOR
Trustee or director
0.5$0$0
MARK FINKDIRECTOR
Trustee or director
0.5$0$0
JERIS JOHNSONDIRECTOR
Trustee or director
0.5$0$0
KEITH LATIMERDIRECTOR
Trustee or director
0.5$0$0
8 more people on this return
NameTitleHours / weekCompensation
TROY L LITTLESDIRECTOR
Trustee or director
0.5$0
MIKE SAALEDIRECTOR
Trustee or director
0.5$0
GEORGE MELNYK JRVICE PRESIDENT
Trustee or director
0.5$0
DAN OAKEYDIRECTOR
Trustee or director
0.5$0
JULIE RAMSEYDIRECTOR
Trustee or director
0.5$0
MARY THORNTONDIRECTOR
Trustee or director
0.5$0
PIA TRIGIANIDIRECTOR
Trustee or director
0.5$0
RONALD WHITEDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 32 people
NameTitleHours / weekCompensationOther / benefits
BURT HAZELWOODCEO
Trustee or director, Officer
40$220,003$40,311
DIAN DYCKESCONTROLLER
Officer
40$129,290$33,905
ROBERT S WERTZ JRPRESIDENT
Trustee or director, Officer
5$0$0
TAMARA JONESVICE PRESIDENT
Trustee or director, Officer
0.5$0$0
EILEEN M ANDERSONDIRECTOR
Trustee or director
0.5$0$0
JOSEPH W BARTHOLOMEW IIIDIRECTOR
Trustee or director
0.5$0$0
KATHARINE BONDDIRECTOR
Trustee or director
0.5$0$0
MEGAN CLARKDIRECTOR
Trustee or director
0.5$0$0
BONNIE DAVISDIRECTOR
Trustee or director
0.5$0$0
CHUCK DOWDYDIRECTOR
Trustee or director
0.5$0$0
COLIN DUCHARMEDIRECTOR
Trustee or director
0.5$0$0
SUSAN FIERRODIRECTOR
Trustee or director
0.5$0$0
MARK FINKDIRECTOR
Trustee or director
0.5$0$0
JERIS JOHNSONDIRECTOR
Trustee or director
0.5$0$0
KEITH LATIMERDIRECTOR
Trustee or director
0.5$0$0
TROY L LITTLESDIRECTOR
Trustee or director
0.5$0$0
PAULA MCDONOUGHDIRECTOR
Trustee or director
0.5$0$0
GEORGE MELNYK JRDIRECTOR
Trustee or director
0.5$0$0
DAN OAKEYDIRECTOR
Trustee or director
0.5$0$0
JULIE RAMSEYDIRECTOR
Trustee or director
0.5$0$0
MARY THORNTONDIRECTOR
Trustee or director
0.5$0$0
PIA TRIGIANIDIRECTOR
Trustee or director
0.5$0$0
RONALD WHITEDIRECTOR
Trustee or director
0.5$0$0
DAVID WHITUSDIRECTOR
Trustee or director
0.5$0$0
MATTHEW MCGREGORUNIVERSITY VP EX-OFFICIO
Trustee or director
0.5$0$0
TAYLOR REVELEY IVUNIVERSITY PRESIDENT, EX-O
Trustee or director
1$0$0
KATHY FOXALUMNI ASSOC VP EX-OFFICI
Trustee or director
0.5$0$0
DREW HUDSONCHIEF LIAISON OFFICER EX-OFFICIO
Trustee or director
0.5$0$0
NEIL MILLERLONGWOOD SGA TREASURER EX-OFFICIO
Trustee or director
0.5$0$0
JACOB KEELYLANCER STUDENT INVEST FUND MGR EX-OFFICIO
Trustee or director
0.5$0$0
ANTHONY CAPUTOFELLOW
Trustee or director
0.5$0$0
KATE FAILLAFELLOW
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
201 HIGH ST, FARMVILLE, VA 23909-1800
In care of
% HAZEL DUNCAN
Principal officer (990 for 2024)
BURT HAZELWOOD, 201 HIGH STREET, FARMVILLE, VA 23909
Signed the 990
BURT HAZELWOOD, CHIEF EXECUTIVE OFFICER
Phone
(434) 395-2033
Return prepared by
BROWN EDWARDS & COMPANY LLP

Mission

LONGWOOD UNIVERSITY FOUNDATION ENHANCES THE IMAGE OF LONGWOOD UNIVERSITY BY SUPPORTING THE INSTITUTION'S ACADEMIC, SOCIAL, AND ECONOMIC GOALS. THE FOUNDATION SEEKS TO MAXIMIZE PRIVATE SECTOR SUPPORT BY ENGAGING IN ETHICAL AND RESPONSIBLE DONOR CULTIVATION, STRATEGIC INVESTMENT PLANS, AND TIMELY DISTRIBUTION OF PRIVATE RESOURCES.

990 for the year ended December 31, 2024

Program accomplishments

  • LONGWOOD UNIVERSITY FOUNDATION SUPPORTS VARIOUS PROGRAMS FOR LONGWOOD UNIVERSITY. THIS SUPPORT INCLUDES PROVIDING SCHOLARSHIPS TO 822 STUDENTS DURING 2024, ADMINISTERING AND GROWING THE SCHOLARSHIP ENDOWMENT TO PROMOTE STUDENT FINANCIAL INDEPENDENCE, AND SOLICITING DONATIONS. THE FOUNDATION ALSO ADMINISTERS THE PROGRAM ENDOWMENT WHICH FUNDS CERTAIN OPERATING NEEDS FOR THE UNIVERSITY'S ACADEMIC DEPARTMENTS, ATHLETICS, AND SPECIAL PROGRAMS.
    Expenses $10,437,665 · grants $10,328,855

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
54-6047289
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
1961
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B110)
Assets (IRS master file)
$116,073,655
Income (IRS master file)
$12,543,185

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$12,352,007$12,769,493$116,073,655XML
990-TDecember 2024–––IRS
990December 2023$7,289,006$7,367,378$106,166,411XML
990-TDecember 2023–––IRS
990December 2022$9,284,971$7,046,904$104,169,025IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990-TDecember 2020–––IRS
990June 2020–––IRS
990June 2019–––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 54-6047289).

Questions about LONGWOOD UNIVERSITY FOUNDATION INC

What is the EIN of LONGWOOD UNIVERSITY FOUNDATION INC?
The employer identification number (EIN) of LONGWOOD UNIVERSITY FOUNDATION INC is 54-6047289.
Is LONGWOOD UNIVERSITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
Are donations to LONGWOOD UNIVERSITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LONGWOOD 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 LONGWOOD 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 LONGWOOD 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 LONGWOOD UNIVERSITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names BURT HAZELWOOD.
Who are the officers and directors of LONGWOOD UNIVERSITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 23 people; 2 received compensation from the organization, the highest $255,538 (BURT HAZELWOOD, CEO).
How much revenue does LONGWOOD UNIVERSITY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $12,352,007, expenses of $12,769,493 and total assets of $116,073,655 at year end.

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