Nonprofit · EIN 54-1863192
CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC
Tax-exempt · NEWPORT NEWS, VA 23606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,121,211 | $3,510,794 | $610,417 | $118,197,440 | $107,309,255 | $10,888,185 |
| June 30, 2024 | 990 | $3,844,351 | $4,063,459 | -$219,108 | $121,335,730 | $110,781,762 | $10,553,968 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $63,213
- Net rental income
- $4,045,191
- Other revenue
- $4,057,998
Expenses
- Grants and similar amounts paid
- $2,937,412
- Compensation of officers, directors and key employees
- $360,960
- Salaries, compensation and benefits (total)
- $363,306
- Professional fundraising fees
- $0
- Legal fees
- $177
- Accounting fees
- $9,650
- Travel
- $99
- Program services (functional)
- $2,937,412
- Management and general (functional)
- $573,382
Balance sheet and other
- Total assets, start of year
- $121,335,730
- Total assets, end of year
- $118,197,440
- Total liabilities, end of year
- $107,309,255
- Net assets, end of year
- $10,888,185
- Land, buildings and equipment
- $110,907,065
- Net assets without donor restrictions
- $10,888,185
- Gross unrelated business income
- $249,759
- Gross receipts
- $14,686,338
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1997
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM KELLY | BOARD MEMBER Trustee or director | 10 | $0 | $561,141 | $25,057 |
| JENNIFER LATOUR | SECRETARY Trustee or director, Officer | 10 | $0 | $285,249 | $34,307 |
| ALAN WITT | BOARD MEMBER Trustee or director | 1 | $0 | $254,813 | $23,975 |
| K SPENCER MCDONALD | CFO & TREASURER Officer | 20 | $0 | $163,452 | $14,285 |
| RICHARD LONG | BOARD MEMBER Trustee or director | 1 | $0 | $91,442 | $31,052 |
| C BRAD HUNTER | BOARD Trustee or director | 1 | $0 | $0 | $0 |
| ANN HUNNICUT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RANDOLPH P BRYANT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL C MARTIN | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 | $0 |
| WILLIAM P HEATH JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM L BRAUER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LINDSEY CARNEY SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| W BRUCE JENNINGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| M CLARK BALDWIN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRENTLEY K ARCHER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES WORNOM | BOARD MEMBER Trustee or director | 1 | $0 |
| C LARRY POPE | BOARD OF VISITORS APPOINTE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ADELIA P THOMPSON | BOARD MEMBER Trustee or director | 10 | $0 | $413,598 | $24,905 |
| JENNIFER LATOUR | SECRETARY Trustee or director, Officer | 10 | $0 | $251,636 | $32,894 |
| DOUGLAS L HORNSBY | CHIEF EXECUTIVE OFFICER Officer | 20 | $0 | $238,799 | $23,915 |
| ALAN WITT | BOARD MEMBER Trustee or director | 1 | $0 | $226,419 | $21,460 |
| WILLIAM KELLY | BOARD MEMBER Trustee or director | 10 | $0 | $211,882 | $12,566 |
| K SPENCER MCDONALD | CFO & TREASURER Officer | 20 | $0 | $147,900 | $13,720 |
| C BRAD HUNTER | BOARD Trustee or director | 1 | $0 | $0 | $0 |
| ANN HUNNICUT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RANDOLPH P BRYANT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL C MARTIN | PRESIDENT Trustee or director | 10 | $0 | $0 | $0 |
| WILLIAM P HEATH JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM L BRAUER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LINDSEY CARNEY SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| W BRUCE JENNINGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| M CLARK BALDWIN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEVEN A MEADE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES WORNOM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| C LARRY POPE | BOARD OF VISITORS APPOINTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 UNIVERSITY PL, NEWPORT NEWS, VA 23606-2949
- In care of
- % K SPENCER MCDONALD CONTROLLER
- Principal officer (990 for 2024)
- SPENCER MCDONALD, ONE UNIVERSITY PLACE, NEWPORT NEWS, VA 236062998
- Signed the 990
- SPENCER MCDONALD, CONTROLLER
- Phone
- (757) 594-7941
- Website
- HTTP://EXPLORE.CNU.EDU/
- Return prepared by
- PBMARES LLP
Mission
TO RECEIVE, ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF THE CHRISTOPHER NEWPORT UNIVERSITY.
Program accomplishments
- CHRISTOPHER NEWPORT UNIVERSITY - EDUCATIONAL EXPENSES GIVEN AS DIRECT SUPPORT TO CHRISTOPHER NEWPORT UNIVERSITY.Expenses $2,937,412 · grants $2,937,412 · revenue $3,808,239
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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1863192
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $118,197,440
- Income (IRS master file)
- $14,686,338
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,121,211 | $3,510,794 | $118,197,440 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $3,844,351 | $4,063,459 | $121,335,730 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $4,121,962 | $3,847,537 | $122,142,733 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 54-1863192).
Questions about CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC
- What is the EIN of CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC?
- The employer identification number (EIN) of CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC is 54-1863192.
- Is CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION 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 CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION 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 CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names SPENCER MCDONALD.
- Who are the officers and directors of CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does CHRISTOPHER NEWPORT UNIVERSITY REAL ESTATE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,121,211, expenses of $3,510,794 and total assets of $118,197,440 at year end.
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