Nonprofit · EIN 54-6052014
OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION
Tax-exempt · NORFOLK, VA 23508
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $45,608,493 | $22,654,541 | $22,953,952 | $412,433,348 | $78,378,801 | $334,054,547 |
| December 31, 2023 | 990 | $33,777,034 | $18,002,808 | $15,774,226 | $374,805,050 | $75,111,233 | $299,693,817 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $28,808,316
- Program service revenue
- $0
- Investment income
- $15,967,364
- Net rental income
- -$37,161
- Net gain from sales of assets
- $8,319,136
- Other revenue
- $832,813
Expenses
- Grants and similar amounts paid
- $19,266,562
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,990
- Accounting fees
- $50,700
- Travel
- $140,294
- Program services (functional)
- $19,403,123
- Management and general (functional)
- $2,507,193
- Fundraising (functional)
- $744,225
Balance sheet and other
- Total assets, start of year
- $374,805,050
- Total assets, end of year
- $412,433,348
- Total liabilities, end of year
- $78,378,801
- Net assets, end of year
- $334,054,547
- Land, buildings and equipment
- $3,783,055
- Publicly traded securities
- $302,758,173
- Net assets without donor restrictions
- $23,269,899
- Net assets with donor restrictions
- $310,784,648
- Gross unrelated business income
- $471,154
- Gross receipts
- $111,390,691
- Employees
- 0
- Volunteers
- 31
- Year formed
- 1955
- 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 |
|---|---|---|---|
| Caroline McCartney | Secretary Trustee or director, Officer | 0.2 | $0 |
| Garret A Alcaraz | Treasurer Trustee or director, Officer | 0.5 | $0 |
| James J Izard II | Vice Chair Trustee or director, Officer | 0.5 | $0 |
| Prescott Sherrod | Chair Trustee or director, Officer | 1 | $0 |
| Alton J Harris | Trustee Trustee or director | 0.1 | $0 |
| Betsy Atkinson | Trustee Trustee or director | 0.1 | $0 |
| Brad Waitzer | Trustee (THRU 6/24) Trustee or director | 0.1 | $0 |
| Brian O Hemphill | Ex-Officio Trustee or director | 0.1 | $0 |
| Bruce T Bishop | Trustee Trustee or director | 0.1 | $0 |
| Gary A Gilmore | Trustee (THRU 6/24) Trustee or director | 0.1 | $0 |
| Jacqueline B Amato | Trustee (THRU 6/24) Trustee or director | 0.1 | $0 |
| James W Beamer | Trustee Trustee or director | 0.1 | $0 |
| Janet A Ellis | Trustee Trustee or director | 0.1 | $0 |
| Janet Carter | Ex-Officio/ODUAA Representative Trustee or director | 0.1 | $0 |
| Joe E Carter | Trustee Trustee or director | 0.1 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Reed | Trustee Trustee or director | 0.1 | $0 |
| Kevin Stevenson | Trustee Trustee or director | 0.1 | $0 |
| Kim Curtis | Trustee Trustee or director | 0.1 | $0 |
| L Scott Trainum | Trustee Trustee or director | 0.1 | $0 |
| Lisa B Smith | Trustee Trustee or director | 0.1 | $0 |
| Luke Hillier | Trustee Trustee or director | 0.1 | $0 |
| Mark Warden | Trustee Trustee or director | 0.1 | $0 |
| Mary Maniscalco-Theberge | Trustee Trustee or director | 0.1 | $0 |
| Richard T Harris | Trustee Trustee or director | 0.1 | $0 |
| Robert M King Jr | Trustee Trustee or director | 0.1 | $0 |
| Thomas T Winborne | Trustee (THRU 6/24) Trustee or director | 0.1 | $0 |
| Weyman Gong | Trustee Trustee or director | 0.1 | $0 |
| William Monroe | Trustee Trustee or director | 0.1 | $0 |
| Alonzo Brandon | Ex-Officio/Executive Director Officer | 10 | $0 |
| Cindy R Gall | Assistant Secretary Officer | 13 | $0 |
| Mike LaRock | Assistant Treasurer Officer | 13 | $0 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRESCOTT SHERROD | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| BRUCE T BISHOP | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| CAROLINE MCCARTNEY | SECRETARY Trustee or director, Officer | 0.2 | $0 |
| GARRET A ALCARAZ | TREASURER Trustee or director, Officer | 0.5 | $0 |
| JACQUELINE B AMATO | TRUSTEE Trustee or director | 0.1 | $0 |
| BETSY ATKINSON | TRUSTEE Trustee or director | 0.1 | $0 |
| JAMES W BEAMER | TRUSTEE Trustee or director | 0.1 | $0 |
| JOE E CARTER | TRUSTEE Trustee or director | 0.1 | $0 |
| KIM CURTIS | TRUSTEE Trustee or director | 0.1 | $0 |
| JANET A ELLIS | TRUSTEE Trustee or director | 0.1 | $0 |
| GARY A GILMORE | TRUSTEE Trustee or director | 0.1 | $0 |
| WEYMAN GONG | TRUSTEE Trustee or director | 0.1 | $0 |
| ALTON J HARRIS | TRUSTEE Trustee or director | 0.1 | $0 |
| RICHARD T HARRIS | TRUSTEE Trustee or director | 0.1 | $0 |
| LUKE HILLIER | TRUSTEE Trustee or director | 0.1 | $0 |
| JAMES J IZARD II | TRUSTEE Trustee or director | 0.1 | $0 |
| ROBERT M KING JR | TRUSTEE Trustee or director | 0.1 | $0 |
| MARY MANISCALCO-THEBERGE | TRUSTEE Trustee or director | 0.1 | $0 |
| WILLIAM MONROE | TRUSTEE Trustee or director | 0.1 | $0 |
| JOHNATHAN REED | TRUSTEE Trustee or director | 0.1 | $0 |
| LISA B SMITH | TRUSTEE Trustee or director | 0.1 | $0 |
| KEVIN STEVENSON | TRUSTEE Trustee or director | 0.1 | $0 |
| L SCOTT TRAINUM | TRUSTEE Trustee or director | 0.1 | $0 |
| BRAD WAITZER | TRUSTEE Trustee or director | 0.1 | $0 |
| MARK WARDEN | TRUSTEE Trustee or director | 0.1 | $0 |
| THOMAS T WINBORNE | TRUSTEE Trustee or director | 0.1 | $0 |
| RICK WYATT | TRUSTEE Trustee or director | 0.1 | $0 |
| ROB KREBS | TRUSTEE Trustee or director | 0.1 | $0 |
| KENNETH RODMAN | TRUSTEE Trustee or director | 0.1 | $0 |
| BRIAN O HEMPHILL | EX-OFFICIO Trustee or director | 0.1 | $0 |
| ANDRE WELLS | EX-OFFICIO (THRU 06/23) Trustee or director | 0.1 | $0 |
| JANET CARTER | EX-OFFICIO (FROM 06/23) Trustee or director | 0.1 | $0 |
| CINDY GALL | ASST. SECRETARY Officer | 13 | $0 |
| MICHAEL LAROCK | ASST. TREASURER Officer | 13 | $0 |
| ALONZO BRANDON | EX-OFFICIO/EXECUTIVE DIRECTOR Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 4417 MONARCH WAY FLOOR 4, NORFOLK, VA 23508-2548
- In care of
- % CFO - FOUNDATIONS
- Principal officer (990 for 2024)
- ALONZO BRANDON, 4417 MONARCH WAY 4TH FLOOR, NORFOLK, VA 23529
- Signed the 990
- ALONZO C BRANDON, EXECUTIVE DIRECTOR
- Phone
- (757) 683-4524
- Return prepared by
- BDO USA
Mission
OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION WAS ESTABLISHED TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF OLD DOMINION UNIVERSITY.
Program accomplishments
- TO ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY TO SUPPORT THE MISSION, OBJECTIVES AND PROGRAMS OF OLD DOMINION UNIVERSITY. THE FOUNDATION PROVIDES SUPPLEMENTAL FUNDS TO HELP DEFRAY OPERATING COSTS OF ACADEMIC DEPARTMENTS AND SPECIAL PROJECTS. THE SUPPLEMENTAL FUNDS ARE USED TO PROVIDE STUDENT AND FACULTY SCHOLARSHIPS/AWARDS, EMINENT SCHOLAR PROFESSORSHIPS, FACULTY SALARIES AND FACULTY RESEARCH. THE FOUNDATION ALSO PROVIDES FUNDING FOR UNIVERSITY DEVELOPMENT, CAPITAL PROJECTS AND SUBSTANTIAL SUPPORT OF OPERATIONS OF THE LIBRARY AND ITS COLLECTIONS.Expenses $19,403,123 · grants $19,266,562 · revenue $869,974
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
- 54-6052014
- 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
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $412,433,348
- Income (IRS master file)
- $111,390,691
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $45,608,493 | $22,654,541 | $412,433,348 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $33,777,034 | $18,002,808 | $374,805,050 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $28,545,693 | $19,356,496 | $344,230,798 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 54-6052014).
Questions about OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION
- What is the EIN of OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION is 54-6052014.
- Is OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1956.
- Are donations to OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION 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 OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION 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 OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION 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 OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names ALONZO BRANDON.
- Who are the officers and directors of OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 31 people; 0 received compensation from the organization.
- How much revenue does OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $45,608,493, expenses of $22,654,541 and total assets of $412,433,348 at year end.
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- JAMES BARRY ROBINSON HOME FOR BOYS TRUST EIN 54-0594700 · last filed 990 for 2025
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