Radford University Foundation Inc
- Assets
- $119.6m
- Revenue
- $17.2m
- Investments
- $25.5m
- Employees
- 7
- Location
- Radford, VA
- Founding
- 03/1973
- Data as of
- 06/2020
- EIN
- 23-7219782
Organization Overview
Radford University Foundation Inc is located in Radford, VA. The organization was established in 1973. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Radford University Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radford University Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Radford University Foundation Inc generated $17.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $4.8m during the year ending 06/2020. While expenses have increased by 1.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Radford University Foundation Inc has awarded 29 individual grants totaling $9,816,222. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT RADFORD UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY SUPPORT: PURCHASE OF EQUIPMENT AND SUPPLIES FOR THE COLLEGES AND DEPARTMENTS CAPITAL UPGRADE OF THE UNIVERSITY'S FACILITIES AND BASEBALL FIELD PAYMENTS TO SUPPLEMENT UNIVERSITY PERSONNEL SALARIES AND BENEFITS SPEAKERS FOR AND SPONSORSHIP OF UNIVERSITY EVENTS
SCHOLARSHIPS AND SPECIAL AWARDS: BENEFITTING STUDENTS AND FACULTY MEMBERS OF RADFORD UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Cox Jr Chief Executive Officer | Officer | 40 | $162,889 |
Derek Neal Chief Financial Officer | Officer | 40 | $113,316 |
Nancy E Artis Board Treasurer | OfficerTrustee | 2 | $0 |
Christopher Huther Board Chair | OfficerTrustee | 2 | $0 |
Michelle O'connor Vice Chair | OfficerTrustee | 2 | $0 |
William Mcnulty Board Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jones Lang Lasalle Americas Hotel Consultant | 6/29/21 | $328,098 |
Dh Griffin Wrecking Company Demolition Of Real Estate | 6/29/21 | $110,997 |
Fieldturf Usa Inc Baseball Field To Turf Conversion | 6/29/21 | $975,092 |
Empire Salvage & Recycling Demolition Of Real Estate | 6/29/21 | $120,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,347,467 |
| Investment income | $1,273,318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$643,325 |
| Net Gain/Loss on Asset Sales | $11,985,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,210,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,968,848 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $308,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,838 |
| Payroll taxes | $33,141 |
| Fees for services: Management | $156,319 |
| Fees for services: Legal | $14,123 |
| Fees for services: Accounting | $27,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $494,014 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,234 |
| Office expenses | $4,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,811 |
| Travel | $33,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $290,626 |
| Interest | $9,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $354 |
| Insurance | $36,760 |
| All other expenses | $0 |
| Total functional expenses | $4,813,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,440,168 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,248,032 |
| Accounts receivable, net | $391,729 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $470,295 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72,678 |
| Investments—publicly traded securities | $40,412,610 |
| Investments—other securities | $25,527,036 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,567,782 |
| Total assets | $119,642,152 |
| Accounts payable and accrued expenses | $447,726 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $33,618,237 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $630,756 |
| Total liabilities | $34,696,719 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $84,945,433 |
Grants Awarded
Over the last fiscal year, Radford University Foundation Inc has awarded $2,144,317 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RADFORD UNIVERSITY PURPOSE: CAPITAL IMPROVEMENTS TO RADFORD UNIVERSITY FACILITIES | $1,111,953 |
RADFORD UNIVERSITY PURPOSE: SALARY SUPPORT | $808,684 |
RADFORD UNIVERSITY PURPOSE: OTHER OPERATIONAL SUPPORT | $223,680 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Radford University Foundation Inc has recieved totaling $846,942.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $658,200 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $50,000 |
Commonwealth Transfusion Foundation Glen Allen, VA PURPOSE: MLS SCHOLARSHIP | $34,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $28,479 |
New River Valley Health Foundation Roanoke, VA PURPOSE: OPERATING EXPENSES | $25,000 |
Youth Financial Literacy Foundation Farmington Hills, MI PURPOSE: SCHOLARSHIP | $20,000 |
Endowment Analysis
| Beg. Balance | $58,651,450 |
| Earnings | $14,411,565 |
| Net Contributions | $1,724,153 |
| Other Expense | $1,953,795 |
| Ending Balance | $72,833,373 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morgan State University Foundation Incorporated Baltimore, MD | $141,263,372 | $14,542,251 |
American University Of Rome Washington, DC | $5,091,812 | $6,709,805 |
Crown College Powell, TN | $16,563,165 | $8,650,181 |
Appalachian College Of Pharmacy Oakwood, VA | $36,195,397 | $7,728,362 |
Austin Peay State University Foundation Clarksville, TN | $60,731,234 | $13,661,420 |
University Of Tennessee Research Foundation Knoxville, TN | $82,756,683 | $8,787,700 |
School Of Media And Journalism Foundation Of North Carolina Inc Chapel Hill, NC | $50,008,414 | $6,859,944 |
Virginia Commonwealth University Real Estate Foundation Richmond, VA | $95,872,198 | $7,982,693 |
Western Carolina University Foundation Cullowhee, NC | $76,335,154 | $7,286,676 |
Virginia University Of Lynchburg Inc Lynchburg, VA | $13,241,169 | $8,139,477 |
Skema Us Inc Raleigh, NC | $4,455,636 | $4,986,543 |
Radford University Foundation Inc Radford, VA | $119,642,152 | $17,210,656 |