2017-11-15T00:00:00-06:00 2016-12-31 560747981 DIXON HUGHES GOODMAN LLP 440 MONTICELLO AVE SUITE 1400 NORFOLK VA 23451 990 2016-01-01 237235954 NORFOLK STATE UNIVERSITY FOUNDATION INC AND SUBSIDIARY NORF 7578232928 700 PARK AVENUE NORFOLK VA 23504 KELVIN W ARTHUR MANAGER 7578232928 2017-11-17 1 CARON E CROUSE P00630336 7576245100 204.15.98.225 2017-11-17 14:44:17 ES P E28ED657DB867094277B21165C4330743A102326 019CAEB8CFF71C246E51FB92455E47C67418BB5E 2016 2021-01-29 14:40:06Z KELVIN W ARTHUR 700 PARK AVENUE NORFOLK VA 23504 4401868 0 X N/A X FOUNDATION 1971 VA THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO NORFOLK STATE UNIVERSITY. 36 36 4 44 0 0 2388352 2215262 0 0 553637 513457 0 0 2941989 2728719 1640044 1545902 0 0 177278 176440 0 0 230248 1140327 1217563 2957649 2939905 -15660 -211186 28834196 29868998 367373 435623 28466823 29433375 TO PROVIDE FINANCIAL SUPPORT TO NORFOLK STATE UNIVERSITY. 0 0 1545902 1545902 THE FOUNDATION MAKES DISBURSEMENTS TO 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 ACCROSS THE NATION AND THE WORLD, ADDING TO THE RICH ACADEMIC ENVIRONMENT OF THE UNIVERSITY. 656103 THE FOUNDATION PROVIDES SUPPORT SERVICES FOR THE BENEFIT OF NORFOLK STATE UNIVERSITY AND ITS 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. 2202005 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 57 0 4 1 0 0 0 0 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 VA X MANAGEMENT 7578232076 700 PARKS AVENUE NORFOLK VA 23504 YVONNE T ALLMOND DIRECTOR 0.50 X 0 0 0 WILLIAM A BAGBY IMMEDIATE PAST PRESIDENT 0.50 X 0 0 0 GLENN RCARRINGTONJD PRESIDENT 1.50 X X 0 0 0 WILLIE L BROWN DIRECTOR 0.50 X 0 0 0 HERMAN D CLARK DIRECTOR 0.50 X 0 0 0 LAJUANA COLLINS-MORGAN MD VICE-PRESIDENT 1.50 X X 0 0 0 BYRON D CHERRY SR DIRECTOR 0.50 X 0 0 0 BRYAN D CUFFEE DIRECTOR 0.50 X 0 0 0 ALLEN R JONES JR DIRECTOR 0.50 X 0 0 0 DAVID R KENERSON JR ASSISTANT TREASURER 1.50 X X 0 0 0 WILLIAM T MASON JR DIRECTOR 0.50 X 0 0 0 SEAN E NEARY DIRECTOR 0.50 X 0 0 0 CHARLIE FAIRCHILD DIRECTOR 0.50 X 0 0 0 EDWARD W BULLOCK DIRECTOR 0.50 X 0 0 0 JAMES B SPURLOCK JR DIRECTOR 0.50 X 0 0 0 CHARLES T SAUNDERS DIRECTOR 0.50 X 0 0 0 KELVIN W ARTHUR MANAGER 48.00 0.00 X X 0 112722 0 JAMES A PETERSON DIRECTOR 0.50 X 0 0 0 JAMES W WHITEHEAD JR TREASURER 1.50 X X 0 0 0 TRAVIS L AMES SR DIRECTOR 0.50 X 0 0 0 LEONARD W JONES DIRECTOR 0.50 X 0 0 0 JIMMIE D WILSON DIRECTOR 0.50 X 0 0 0 FRED D THOMPSON DIRECTOR 0.50 X 0 0 0 PATRICIA L STITH PHD DIRECTOR 0.50 X 0 0 0 BRENDA ANDREWS SECRETARY 1.50 X X 0 0 0 HERMAN SMITH III DIRECTOR 0.50 X 0 0 0 JAMES HARRIS DIRECTOR 0.50 X 0 0 0 TAMARA A JONES MD DIRECTOR 0.50 X 0 0 0 THOMAS B LEECOST MD DPM MPH DIRECTOR 0.50 X 0 0 0 LAMONT D MADDOX DIRECTOR 0.50 X 0 0 0 DAVID P TAYLOR DIRECTOR 0.50 X 0 0 0 CARLA BAILEY DIRECTOR 0.50 X 0 0 0 CASSANDRA NEWBY-ALEXANDER DIRECTOR 0.50 X 0 0 0 ANTHONY WALTERS DIRECTOR 0.50 X 0 0 0 JOAN G WILMER DIRECTOR 0.50 X 0 0 0 REV KEITH I JONES DIRECTOR 0.50 X 0 0 0 0 112722 0 0 0 0 0 0 2215262 2215262 493231 493231 1693375 1673149 20226 20226 20226 2728719 20226 0 493231 1545902 1545902 112722 56361 56361 54509 23040 31469 9209 9209 24300 24300 5791 5791 71441 71441 34256 14555 14201 5500 1060 1060 10000 10000 92868 78044 14824 33847 22283 11564 22260 22260 40509 33271 7238 SALARY REIMBURSEMENTRS 307209 81021 113094 113094 UNIVERSITY SUPPORT 266929 266929 MEALS & ENTERTAINMENT 128084 96819 31265 OTHER ADMIN SUPPORT 56706 56706 122303 39081 27929 55293 2939905 2202005 507652 230248 628066 783569 934459 1021794 4070 0 915067 676535 248625 238532 26597054 27421847 208923 184854 212999 218402 28834196 29868998 210691 301014 6643 2493 150039 132116 367373 435623 X 2340664 8474414 16644411 17974044 9481748 2984917 28466823 29433375 28834196 29868998 -211186 1177738 0 X X 0 1 X 1 0 X 1719009 1695089 1608785 2388352 2215262 9626497 1719009 1695089 1608785 2388352 2215262 9626497 91843 9534654 432222 462895 251164 550865 493231 2190377 11816874 0.80690 0.80390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130538 X X 0 0 21603541 578829 1640469 383505 23439334 22013805 569336 -143031 836569 21603541 20512966 834622 654846 11371 22013805 17083666 166096 3605502 -342298 20512966 15135779 245843 2683959 -981915 17083666 0.34900 0.52370 0.12730 0 0 24310 24310 890757 676535 214222 238532 SPLIT-INTEREST AGREEMENT LIABILITY 132116 132116 3906457 1177738 1177738 2728719 0 2728719 2939905 0 2939905 0 2939905 PART III, LINE 4: THE FOUNDATION MAINTAINS AFRICAN ART COLLECTIONS FOR THE HARRISON B. WILSON ARCHIVES. THIS ARTWORK IS ON DISPLAY FOR THE STUDENTS WHO ATTEND NORFOLK STATE UNIVERSITY. PART V, LINE 4: ENDOWMENT FUNDS ARE RESTRICTED PRIMARILY FOR SCHOLARSHIPS TO STUDENTS OF NORFOLK STATE UNIVERSITY. 1 NORFOLK STATE UNIVERSITY 700 PARK AVENUE NORFOLK VA 23504 546002808 115 1545902 SCHOLARSHIPS AND UNIVERSITY SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION ASSISTS THE NORFOLK STATE UNIVERSITY UPON THEIR REQUEST TO WORK IN CONJUNCTION WITH THE SCHOLARSHIP RESTRUCTURING COMMITTEE AND FINANCIAL AID. DONOR AGREEMENTS REGARDING THE CRITERIA FOR AWARDING THE SCHOLARSHIPS ARE MAINTAINED IN THE FOUNDATION, UNIVERSITY ADVANCEMENT AND THE FINANCIAL AID OFFICES. THE UNIVERSITY UTILIZES A SELECTION COMMITTEE TO MATCH STUDENTS FOR THE SCHOLARSHIP AWARDS. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGER AND FISCAL OFFICER WILL REVIEW THE 990 TOGETHER. THE FOUNDATION'S FINANCE AND AUDIT COMMITTEE WILL BE PRESENTED WITH THE 990 BY THE FOUNDATION STAFF. AFTER REVIEW OF THE TAX RETURN, THE CPA AUDITOR WILL BE PROVIDED A STATEMENT INDICATING THAT EACH OF THE GROUPS HAVE REVIEWED THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. THE RESPONSES OF THIS FORM ARE MONITORED FOR ANY CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 THE ONLY GROUP THAT RECEIVES THE FINANCIAL STATEMENTS IS NORFOLK STATE UNIVERSITY. THE UNIVERSITY THEN PROVIDES THE FINANCIAL STATEMENTS TO THE STATE OF VIRGINIA FOR NSU'S AUDITING PURPOSES. OTHER THAN THE AUDITED FINANCIAL STATEMENTS GIVEN TO NSU, THE FOUNDATION DOES NOT PROVIDE INFORMATION TO THE PUBLIC, UNLESS REQUESTED. FORM 990, PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESSES ARE THE SAME AS IN PRIOR YEARS. MARSHALL AVENUE PROPERTIES INC 700 PARK AVENUE NORFOLK VA 23504 237235954 HOLDS PROPERTY, BUT NO ACTIVITY VA 0 0 NORFOLK STATE UNIVERSITY FOUNDATION INC NORFOLK STATE UNIVERSITY 700 PARK AVENUE NORFOLK VA 23504 546002808 UNIVERSITY - RECEIVES SCHOLARSHIP FUNDS AND OTHER ASSISTANCE. VA 115 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 NORFOLK STATE UNIVERSITY B 1545902 CASH NORFOLK STATE UNIVERSITY - NOT ABOVE THRESHOLD N NORFOLK STATE UNIVERSITY O CASH