Nonprofit · EIN 54-6074532
VIRGINIA STATE UNIVERSITY FOUNDATION
Tax-exempt · PETERSBURG, VA 23806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,580,396 | $2,971,349 | $2,609,047 | $44,234,914 | $6,075,146 | $38,159,768 |
| June 30, 2024 | 990 | $4,611,259 | $3,442,992 | $1,168,267 | $39,494,458 | $6,275,325 | $33,219,133 |
| June 30, 2023 | 990 | $5,186,926 | $2,734,753 | $2,452,173 | $36,672,974 | $6,853,352 | $29,819,622 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,101,081
- Program service revenue
- $0
- Investment income
- $1,479,315
- Net gain from sales of assets
- $616,876
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,146,629
- Compensation of officers, directors and key employees
- $222,501
- Salaries, compensation and benefits (total)
- $231,550
- Professional fundraising fees
- $0
- Accounting fees
- $112,646
- Occupancy
- $30,000
- Travel
- $1,624
- Program services (functional)
- $2,420,695
- Management and general (functional)
- $550,654
Balance sheet and other
- Total assets, start of year
- $39,494,458
- Total assets, end of year
- $44,234,914
- Total liabilities, end of year
- $6,075,146
- Net assets, end of year
- $38,159,768
- Land, buildings and equipment
- $3,713,988
- Publicly traded securities
- $33,730,126
- Net assets without donor restrictions
- $787,378
- Net assets with donor restrictions
- $37,372,390
- Gross receipts
- $17,198,362
- Employees
- 2
- Volunteers
- 26
- Year formed
- 1968
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MAKOLA M ABDULLAH | PRESIDENT EX-OFFICIO Officer | 2 | $0 | $590,586 | $94,174 |
| KEVIN DAVENPORT | VSU VP ADMIN & FINANCE Trustee or director | 2 | $0 | $278,261 | $100,480 |
| TONYA S HALL | FORMER VSU VP FOR EXTERNAL AFFAIR Former | 2 | $0 | $222,106 | $48,512 |
| ROBERT L TURNER JR | EXECUTIVE DIRECTOR Officer | 40 | $57,500 | $0 | $0 |
| HARRISON BONNER III | FORMER DIRECTOR OF FINANCE & ACCO Former | 40 | $50,000 | $0 | $0 |
| BEVERLY EVERSON-JONES | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| DANTE JACKSON | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| CLIFF TAYLOR | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| STEVEN HICKS | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| WILBERT J BRIGGS SR | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| BRENDA STITH-FINCH | CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| FRASIER W BRICKHOUSE II | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| IRENE F LOGAN | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| HAROLD GREEN | VSU BOARD OF VISITORS Trustee or director | 2 | $0 | $0 | $0 |
| VALARIE A JONES | VICE-CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EARNEST A BAZEMORE | SECRETARY Trustee or director, Officer | 5 | $0 |
| NARDOS E KING | TRUSTEE Trustee or director | 2 | $0 |
| CLAUDE A WOOD | TRUSTEE Trustee or director | 2 | $0 |
| ANGEL CLARKE | TRUSTEE Trustee or director | 2 | $0 |
| WILLIS WALTER | VSU VP FOR EXTERNAL AFFAIR Trustee or director | 2 | $0 |
| KARA C KING BESS | TRUSTEE Trustee or director | 2 | $0 |
| DANIELLE JONES | TRUSTEE Trustee or director | 2 | $0 |
| LAURIE CARPENTER | TRUSTEE Trustee or director | 2 | $0 |
| KIMBERLY POPE ADAMS | DIRECTOR OF FINANCE & ACCO Officer | 40 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MAKOLA M ABDULLAH | PRESIDENT EX-OFFICIO Officer | 2 | $0 | $456,433 | $94,175 |
| KEVIN DAVENPORT | VSU VP ADMIN & FINANCE Trustee or director | 2 | $0 | $239,003 | $100,480 |
| TONYA S HALL | VSU VP FOR EXTERNAL AFFAIR Trustee or director | 2 | $0 | $196,484 | $48,512 |
| ROBERT L TURNER JR | EXECUTIVE DIRECTOR Officer | 40 | $55,000 | $0 | $0 |
| HARRISON BONNER III | DIRECTOR OF FINANCE & ACCO Officer | 40 | $50,000 | $0 | $0 |
| BEVERLY EVERSON-JONES | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| DANTE JACKSON | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| CLIFF TAYLOR | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| STEVEN HICKS | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| MARIO M WHITE | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| WILBERT J BRIGGS SR | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| BRENDA STITH-FINCH | CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| FRASIER W BRICKHOUSE II | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| IRENE F LOGAN | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| HAROLD GREEN | VSU BOARD OF VISITORS Trustee or director | 2 | $0 | $0 | $0 |
| VALARIE A JONES | VICE-CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| EARNEST A BAZEMORE | SECRETARY Trustee or director, Officer | 5 | $0 | $0 | $0 |
| NARDOS E KING | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| CLAUDE A WOOD | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| ANGEL CLARKE | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| KARA C KING BESS | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| DANIELLE JONES | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| LAURIE CARPENTER | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MAKOLA M ABDULLAH | EX-OFFICIO Officer | 2 | $0 | $404,681 | $85,844 |
| KEVIN DAVENPORT | VSU VP ADMIN & FINANCE Trustee or director | 2 | $0 | $229,243 | $90,868 |
| TONYA S HALL | VSU VP FOR EXTERNAL AFFAIR Trustee or director | 2 | $0 | $175,525 | $54,224 |
| HARRISON BONNER III | DIRECTOR OF FINANCE & ACCO Officer | 40 | $50,000 | $0 | $0 |
| ROBERT L TURNER JR | EXECUTIVE DIRECTOR Officer | 40 | $47,500 | $0 | $0 |
| BEVERLY EVERSON-JONES | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| DANTE JACKSON | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| CLIFF TAYLOR | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| FRANK JONES | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL RAINEY | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| WILBERT J BRIGGS SR | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| BRENDA STITH-FINCH | CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| FRASIER W BRICKHOUSE II | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| IRENE F LOGAN | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| HAROLD GREEN | VSU BOARD OF VISITORS Trustee or director | 2 | $0 | $0 | $0 |
| VALARIE A JONES | VICE-CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| EARNEST A BAZEMORE | SECRETARY Trustee or director, Officer | 5 | $0 | $0 | $0 |
| NARDOS E KING | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| CLAUDE A WOOD | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| ANGEL CLARKE | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| KARA C KING BESS | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 9027, PETERSBURG, VA 23806-0001
- Principal officer (990 for 2024)
- ROBERT L TURNER JR, PO BOX 9027, PETERSBURG, VA 23806
- Signed the 990
- ROBERT L TURNER JR, EXECUTIVE DIRECTOR
- Phone
- (804) 524-5215
- Website
- FOUNDATION.VSU.EDU
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
TO SUPPORT THE MISSION OF VIRGINIA STATE UNIVERSITY BY RECEIVING, MANAGING AND DISTRIBUTING DONATIONS AND CONTRIBUTIONS THAT AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.
Program accomplishments
- SCHOLARSHIPS AND AWARDS TO STUDENTS. 439 SCHOLARSHIPS WERE AWARDED DURING THE YEAR.Expenses $1,146,629 · grants $1,146,629
- PROGRAM SUPPORT SERVICESExpenses $1,134,848
- SUPPORT OF ATHLETIC PROGRAMSExpenses $129,218
- BAND SUPPORT, ACADEMIC SUPPORT, AND VARIOUS MISSION SUPPORT PROGRAMS.Expenses $10,000
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-6074532
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $44,234,914
- Income (IRS master file)
- $17,198,362
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,580,396 | $2,971,349 | $44,234,914 | IRS |
| 990 | June 2024 | $4,611,259 | $3,442,992 | $39,494,458 | XML |
| 990 | June 2023 | $5,186,926 | $2,734,753 | $36,672,974 | XML |
| 990 | June 2022 | $4,393,072 | $1,889,084 | $28,931,771 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 54-6074532).
Questions about VIRGINIA STATE UNIVERSITY FOUNDATION
- What is the EIN of VIRGINIA STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of VIRGINIA STATE UNIVERSITY FOUNDATION is 54-6074532.
- Is VIRGINIA STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to VIRGINIA STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA STATE UNIVERSITY 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 VIRGINIA STATE UNIVERSITY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA STATE UNIVERSITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRGINIA STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names ROBERT L TURNER JR.
- Who are the officers and directors of VIRGINIA STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 24 people; 2 received compensation from the organization.
- How much revenue does VIRGINIA STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,580,396, expenses of $2,971,349 and total assets of $44,234,914 at year end.
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