Nonprofit · EIN 54-1744996
OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION
Tax-exempt · NORFOLK, VA 23508
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,444,212 | $3,718,402 | $10,725,810 | $89,422,100 | $51,366,304 | $38,055,796 |
| December 31, 2023 | 990 | $4,700,237 | $3,613,498 | $1,086,739 | $74,806,870 | $48,268,591 | $26,538,279 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,108,801
- Program service revenue
- $0
- Investment income
- $3,935,732
- Net rental income
- $399,679
- Net gain from sales of assets
- $3,594,769
- Other revenue
- $399,679
Expenses
- Grants and similar amounts paid
- $259,841
- Other salaries and wages
- $383,052
- Salaries, compensation and benefits (total)
- $383,052
- Professional fundraising fees
- $0
- Legal fees
- $246
- Accounting fees
- $79,750
- Travel
- $770
- Depreciation
- $4,190
- Program services (functional)
- $3,501,626
- Management and general (functional)
- $216,776
Balance sheet and other
- Total assets, start of year
- $74,806,870
- Total assets, end of year
- $89,422,100
- Total liabilities, end of year
- $51,366,304
- Net assets, end of year
- $38,055,796
- Land, buildings and equipment
- $40,159,129
- Publicly traded securities
- $11,356,338
- Net assets without donor restrictions
- $25,234,611
- Net assets with donor restrictions
- $12,821,185
- Gross receipts
- $27,655,807
- Employees
- 0
- Volunteers
- 16
- Year formed
- 1995
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Brian O Hemphill | Ex-Officio Trustee or director | 0.5 | $0 | $891,663 | $71,094 |
| Tara F Saunders | Executive Director Officer | 40 | $0 | $202,496 | $42,562 |
| Mike LaRock | Assistant Treasurer Officer | 9 | $0 | $202,990 | $38,368 |
| Cindy R Gall | Assistant Secretary Officer | 13 | $0 | $71,422 | $20,960 |
| Joseph A Lowery | Secretary/Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Teresa C Peters | Vice Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Brian K Holland | Trustee/BOV Representative (AS OF 7/24) Trustee or director | 0.5 | $0 | $0 | $0 |
| Deborah K Stearns | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Jared Chalk | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Jeremy R Starkey | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Karen Shaffer | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Kenneth E Rodman Jr | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Larry R Hill | Trustee/BOV Representative (THRU 6/24) Trustee or director | 0.5 | $0 | $0 | $0 |
| Lisa F Chandler | Chair Trustee or director | 0.8 | $0 | $0 | $0 |
| Miles B Leon | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nathaniel P Tyler | Trustee Trustee or director | 0.3 | $0 |
| Steven C Wright | Trustee Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN HEMPHILL | EX-OFFICIO Trustee or director | 0.5 | $0 | $759,985 | $64,067 |
| MICHAEL S LAROCK | ASSISTANT TREASURER Officer | 9 | $0 | $191,386 | $36,500 |
| TARA F SAUNDERS | EXECUTIVE DIRECTOR Officer | 40 | $0 | $171,493 | $38,817 |
| CINDY R GALL | ASSISTANT SECRETARY Officer | 13 | $0 | $65,462 | $20,601 |
| LISA F CHANDLER | CHAIR Trustee or director, Officer | 0.8 | $0 | $0 | $0 |
| JARED CHALK | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| MILES LEON | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| JOSEPH A LOWERY | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TERESA C PETERS | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KENNETH E RODMAN JR | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| KAREN SHAFFER | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| JEREMY R STARKEY | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| DEBORAH K STEARNS | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| NATHANIEL P TYLER | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| STEVEN C WRIGHT | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| GEORGE L CONSOLVO | DIRECTOR EMERITUS Trustee or director | 0 | $0 | $0 | $0 |
| ROBERT L DEWEY | DIRECTOR EMERITUS Trustee or director | 0 | $0 | $0 | $0 |
| LARRY R HILL | TRUSTEE/BOV REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4417 MONARCH WAY 4TH FLOOR, NORFOLK, VA 23508-2548
- In care of
- % DIRECTOR OF ACCOUNTING/CFO
- Principal officer (990 for 2024)
- TARA F SAUNDERS, 4417 MONARCH WAY 4TH FLOOR, NORFOLK, VA 23529
- Signed the 990
- TARA F SAUNDERS, EXECUTIVE DIRECTOR
- Phone
- (757) 683-4524
- Return prepared by
- BDO USA
Mission
THE OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION IS A TAX-EXEMPT, NONPROFIT ORGANIZATION CREATED TO RECEIVE, ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF OLD DOMINION UNIVERSITY.
Program accomplishments
- AQUIRE, DEVELOP, AND MANAGE PROPERTY IN FURTHERANCE OF THE GOALS, MISSION AND OBJECTIVES OF OLD DOMINION UNIVERSITY.Expenses $3,501,626 · grants $259,841
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1744996
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization testing for public safety
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $89,422,100
- Income (IRS master file)
- $27,655,807
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,444,212 | $3,718,402 | $89,422,100 | XML |
| 990 | December 2023 | $4,700,237 | $3,613,498 | $74,806,870 | XML |
| 990 | December 2022 | $4,230,568 | $3,662,443 | $77,759,835 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 54-1744996).
Questions about OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION
- What is the EIN of OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION?
- The employer identification number (EIN) of OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION is 54-1744996.
- Is OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLD DOMINION UNIVERSITY REAL ESTATE 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 OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION?
- The 990 for the year ended December 31, 2024 names TARA F SAUNDERS.
- Who are the officers and directors of OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,444,212, expenses of $3,718,402 and total assets of $89,422,100 at year end.
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