Nonprofit · EIN 54-0714277
VIRGINIA UNIVERSITY OF LYNCHBURG INC
Tax-exempt · LYNCHBURG, VA 24501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2023 | 990 | $15,237,479 | $11,908,500 | $3,328,979 | $17,865,787 | $1,278,546 | $16,587,241 |
Financial details: 990 for the year ended June 30, 2023
Revenue
- Contributions, gifts and grants
- $4,899,280
- of which government grants
- $4,687,701
- Program service revenue
- $10,247,707
- Investment income
- $91,784
- Net gain from sales of assets
- $64,824
- Other revenue
- -$1,292
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $184,888
- Other salaries and wages
- $2,693,998
- Salaries, compensation and benefits (total)
- $3,296,747
- Professional fundraising fees
- $0
- Legal fees
- $106,214
- Accounting fees
- $23,500
- Occupancy
- $175,822
- Travel
- $254,551
- Depreciation
- $225,000
- Program services (functional)
- $5,685,642
- Management and general (functional)
- $6,222,858
Balance sheet and other
- Total assets, start of year
- $15,314,306
- Total assets, end of year
- $17,865,787
- Total liabilities, end of year
- $1,278,546
- Net assets, end of year
- $16,587,241
- Land, buildings and equipment
- $6,694,907
- Publicly traded securities
- $1,306,803
- Net assets without donor restrictions
- $7,935,232
- Net assets with donor restrictions
- $8,652,009
- Gross receipts
- $15,237,479
- Employees
- 146
- Volunteers
- 25
- Year formed
- 1886
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| K FRANKLIN | PRESIDENT Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $184,888 |
| L OWENS | CHAIR Trustee or director | 1 | $0 |
| C WEBB | VICE CHAIR Trustee or director | 1 | $0 |
| W WILSON | TREASURER Trustee or director | 1 | $0 |
| C WHITFIELD | TRUSTEE Trustee or director | 1 | $0 |
| L MAXWELL SR | TRUSTEE Trustee or director | 1 | $0 |
| L CAMPBELL | TRUSTEE Trustee or director | 1 | $0 |
| W JONES | TRUSTEE Trustee or director | 1 | $0 |
| W MAXWELL JR | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2058 GARFIELD AVE, LYNCHBURG, VA 24501-6417
- In care of
- % RALPH REAVIS
- Principal officer (990 for 2022)
- KATHY FRANKLIN, 2058 GARFIELD, LYNCHBURG, VA 24501
- Signed the 990
- LAURA TUCKER, COO
- Phone
- (434) 528-5876
- Return prepared by
- Leslie and Company PC
Mission
TO PROVIDE A SOLID LIBERAL ARTS AND CHRISTIAN EDUCATION PROGRAM TO ALL STUDENTS
Program accomplishments
- INSTITUTION IS A HBCU LIBERAL ARTS UNIVERSITY OFFERING UNDERGRADUATE AND GRADUATE DEGREES IN VARIOUS MAJORSExpenses $5,685,642 · revenue $10,247,707
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 | Check at the IRS |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 54-0714277
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1946
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $26,132,099
- Income (IRS master file)
- $14,388,420
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2023 | $15,237,479 | $11,908,500 | $17,865,787 | XML |
| 990 | June 2022 | $11,059,992 | $7,489,866 | $15,314,306 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 54-0714277).
Questions about VIRGINIA UNIVERSITY OF LYNCHBURG INC
- What is the EIN of VIRGINIA UNIVERSITY OF LYNCHBURG INC?
- The employer identification number (EIN) of VIRGINIA UNIVERSITY OF LYNCHBURG INC is 54-0714277.
- Is VIRGINIA UNIVERSITY OF LYNCHBURG INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Are donations to VIRGINIA UNIVERSITY OF LYNCHBURG INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA UNIVERSITY OF LYNCHBURG INC 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 UNIVERSITY OF LYNCHBURG INC 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 UNIVERSITY OF LYNCHBURG INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2023.
- Who is the principal officer of VIRGINIA UNIVERSITY OF LYNCHBURG INC?
- The 990 for the year ended June 30, 2023 names KATHY FRANKLIN.
- Who are the officers and directors of VIRGINIA UNIVERSITY OF LYNCHBURG INC?
- The 990 for the year ended June 30, 2023 lists 9 people; 1 received compensation from the organization, the highest $184,888 (K FRANKLIN, PRESIDENT).
- How much revenue does VIRGINIA UNIVERSITY OF LYNCHBURG INC have?
- On its 990 for the year ended June 30, 2023 it reported revenue of $15,237,479, expenses of $11,908,500 and total assets of $17,865,787 at year end.
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