VIRGINIA STATE UNIVERSITY FOUNDATION Charity Report

Public IRS 990 nonprofit record

VIRGINIA STATE UNIVERSITY FOUNDATION

EIN 54-6074532 · Single Organization Support (B11)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders24 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

43.38%of revenue went to mission work81.5% of expenses · Program services

$53.25spent for every $100 of revenueRevenue covered expenses this year.

9.87%of revenue went to management and office costs18.5% of expenses

$14.89in assets for every $1 spent this yearSome assets cannot be spent right away.

73.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $100,480 for KEVIN DAVENPORT (VSU VP ADMIN & FINANCE). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,580,396

Mission workProgram services$2,420,69543.38% of revenue81.5% of expenses

ManagementOffice and general costs$550,6549.87% of revenue18.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$2,609,04746.75% of revenueShown in gray on the chart

Total expenses$2,971,34953.25% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 81.5% mission · 18.5% management · 0.0% fundraisingTotal expenses: 53.25% of revenue

2023Expense mix: 86.2% mission · 12.7% management · 1.2% fundraisingTotal expenses: 74.66% of revenue

2022Expense mix: 82.5% mission · 14.6% management · 3.0% fundraisingTotal expenses: 52.72% of revenue

2021Expense mix: 79.8% mission · 16.0% management · 4.3% fundraisingTotal expenses: 43.00% of revenue

2020Expense mix: 80.6% mission · 16.4% management · 3.0% fundraisingTotal expenses: 24.60% of revenue

2019Expense mix: 85.5% mission · 14.5% management · 0.0% fundraisingTotal expenses: 104.86% of revenue

2018Expense mix: 87.6% mission · 12.4% management · 0.0% fundraisingTotal expenses: 82.22% of revenue

2017Expense mix: 84.0% mission · 16.0% management · 0.0% fundraisingTotal expenses: 45.22% of revenue

Money in and money out

Revenue$5,580,396

Expenses$2,971,349

Annual surplus $2,609,047 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,420,695 · 81.5% of expenses

Management and office costs$550,654 · 18.5% of expenses

See all reported dollar amounts

Revenue$5,580,396

Expenses$2,971,349

Assets$44,234,914

Income$17,198,362

Contributions$4,101,081

Mission work (program services)$2,420,695

Management and general$550,654

Stocks and bonds$33,730,126

Accounting fees$112,646

Investing fees$138,199

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KEVIN DAVENPORTVSU VP ADMIN & FINANCE · 2 hrs/week $100,480Base · Other $100,480

MAKOLA M ABDULLAHPRESIDENT EX-OFFICIO · 2 hrs/week $94,174Base · Other $94,174

ROBERT L TURNER JREXECUTIVE DIRECTOR · 40 hrs/week $57,500

HARRISON BONNER IIIFORMER DIRECTOR OF FINANCE & ACCO · 40 hrs/week $50,000

TONYA S HALLFORMER VSU VP FOR EXTERNAL AFFAIR · 2 hrs/week $48,512Base · Other $48,512

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (24)

KEVIN DAVENPORTVSU VP ADMIN & FINANCE

MAKOLA M ABDULLAHPRESIDENT EX-OFFICIO

ROBERT L TURNER JREXECUTIVE DIRECTOR

HARRISON BONNER IIIFORMER DIRECTOR OF FINANCE & ACCO

TONYA S HALLFORMER VSU VP FOR EXTERNAL AFFAIR

KARA C KING BESSTRUSTEE

WILLIS WALTERVSU VP FOR EXTERNAL AFFAIR

WILBERT J BRIGGS SRTRUSTEE

VALARIE A JONESVICE-CHAIR

STEVEN HICKSTRUSTEE

NARDOS E KINGTRUSTEE

LAURIE CARPENTERTRUSTEE

KIMBERLY POPE ADAMSDIRECTOR OF FINANCE & ACCO

ANGEL CLARKETRUSTEE

IRENE F LOGANTREASURER

HAROLD GREENVSU BOARD OF VISITORS

FRASIER W BRICKHOUSE IITRUSTEE

EARNEST A BAZEMORESECRETARY

DANTE JACKSONTRUSTEE

DANIELLE JONESTRUSTEE

CLIFF TAYLORTRUSTEE

CLAUDE A WOODTRUSTEE

BRENDA STITH-FINCHCHAIR

BEVERLY EVERSON-JONESTRUSTEE

About this charity

Recognized since: January 1968
Location: PO BOX 9027, PETERSBURG, VA 23806
County: Petersburg (city)
In care of: ROBERT L TURNER JR
Primary officer: ROBERT L TURNER JR, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(804) 524-5215

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BROWN EDWARDS & COMPANY LLP
NTEE classification: Single Organization Support (B11)
IRS tax category: Single Organization Support