Christopher Newport University Real Estate Foundation Inc

Organization Overview

Christopher Newport University Real Estate Foundation Inc is located in Newport News, VA. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christopher Newport University Real Estate 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 06/2024, Christopher Newport University Real Estate Foundation Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $4.1m during the year ending 06/2024. While expenses have increased by 7.0% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE, ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF THE CHRISTOPHER NEWPORT UNIVERSITY.

Describe the Organization's Program Activity:

CHRISTOPHER NEWPORT UNIVERSITY - EDUCATIONAL EXPENSES GIVEN AS DIRECT SUPPORT TO CHRISTOPHER NEWPORT UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
William Kelly
Board Member
$0
Adelia P Thompson
Board Member
$0
Jennifer Latour
Secretary
$0
C Brad Hunter
Board
$0
Alan Witt
Board Member
$0
Ann Hunnicut
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Glave & Holmes
Architectural Services
$214,638
Mcguire Woods Llp
Legal Assistance
$162,905
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $34,626
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,809,725
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,844,351

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