Radford University Foundation Inc

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.

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)Compensation
John F Cox Jr
Chief Executive Officer
$162,889
Derek Neal
Chief Financial Officer
$113,316
Nancy E Artis
Board Treasurer
$0
Michelle O'connor
Vice Chair
$0
Christopher Huther
Board Chair
$0
William Mcnulty
Board Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fieldturf Usa Inc
Baseball Field To Turf Conversion
$975,092
Empire Salvage & Recycling
Demolition Of Real Estate
$120,244
Jones Lang Lasalle Americas
Hotel Consultant
$328,098
Dh Griffin Wrecking Company
Demolition Of Real Estate
$110,997
View All Vendors

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

Grants Awarded

Over the last fiscal year, Radford University Foundation Inc has awarded $2,144,317 in support to 3 organizations.

Grant RecipientAmount

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
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Radford University Foundation Inc has recieved totaling $846,942.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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

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