Old Dominion University Research Foundation
- Assets
- $35.2m
- Revenue
- $51.6m
- Investments
- $0.0
- Employees
- 1,077
- Location
- Norfolk, VA
- Founding
- 03/1967
- Data as of
- 06/2021
- EIN
- 54-6068198
Organization Overview
Old Dominion University Research Foundation is located in Norfolk, VA. The organization was established in 1967. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Old Dominion University Research Foundation employed 1,077 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Dominion University Research Foundation 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 06/2021, Old Dominion University Research Foundation generated $51.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $50.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Old Dominion University Research Foundation has awarded 601 individual grants totaling $62,750,941. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVES AS THE ADMINISTRATIVE AND FISCAL AGENT FOR SPONSORED RESEARCH, TRAINING GRANTS AND OTHER SPONSORED PROGRAMS FOR OLD DOMINION UNIVERSITY, A COMMONWEALTH OF VIRGINIA INSTITUTION OF HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES AS THE ADMINISTRATIVE AND FISCAL AGENT FOR SPONSORED RESEARCH, TRAINING GRANTS AND OTHER SPONSORED PROGRAMS FOR OLD DOMINION UNIVERSITY, A COMMONWEALTH OF VIRGINIA INSTITUTION OF HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Sandy Director Of Field Program | 40 | $216,985 | |
Robert A Baker Research Associate | 40 | $171,605 | |
Julian Facenda Executive Director | Officer | 40 | $168,479 |
Brian Long Research Associate | 40 | $155,844 | |
Jeremiah Cronin Program Manager | 40 | $151,630 | |
Francis Badavi Research Associate | 40 | $148,423 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ibi Consultants Llc Subcontractor | 6/29/21 | $466,651 |
Center For Mind & Culture Subcontractor | 6/29/21 | $1,225,367 |
Sobran Inc Subcontractor | 6/29/21 | $287,390 |
Hampton Roads Workforce Fdn Subcontractor | 6/29/21 | $275,000 |
Techark Solutions Llc Subcontractor | 6/29/21 | $346,794 |
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 | $51,444,175 |
| Investment income | $154,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $51,598,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,447,370 |
| Grants and other assistance to domestic individuals. | $1,778,805 |
| Grants and other assistance to Foreign Orgs/Individuals | $275,642 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $225,316 |
| Compensation of current officers, directors, key employees. | $200,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,975,797 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,136,838 |
| Payroll taxes | $1,351,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $270,908 |
| Fees for services: Accounting | $65,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,494,697 |
| Advertising and promotion | $0 |
| Office expenses | $227,044 |
| Information technology | $23,313 |
| Royalties | $0 |
| Occupancy | $388,341 |
| Travel | $176,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,722 |
| Interest | $6 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,045,743 |
| Insurance | $134,972 |
| All other expenses | $0 |
| Total functional expenses | $50,468,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $8,507,973 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,817,858 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $949,412 |
| Net Land, buildings, and equipment | $2,427,234 |
| Investments—publicly traded securities | $9,467,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,170,684 |
| Accounts payable and accrued expenses | $6,810,500 |
| Grants payable | $0 |
| Deferred revenue | $7,035,390 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,845,890 |
| Net assets without donor restrictions | $21,324,794 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,170,684 |
Grants Awarded
Over the last fiscal year, Old Dominion University Research Foundation has awarded $6,416,627 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
ODU OFFICE OF FINANCE PURPOSE: GRADUATE STUDENT AND PARTICIPANT SUPPORT FROM SPONSORED PROGRAMS. | $1,889,791 |
Boston, MA PURPOSE: SUBCONTRACT FOR SPONSORED RESEARCH CLASSIFIED AS PROGRAM SERVICES. | $819,119 |
IBI CONSULTANTS LLC PURPOSE: SUBCONTRACT FOR SPONSORED RESEARCH CLASSIFIED AS PROGRAM SERVICES. | $502,761 |
VIRGINIA TECH PURPOSE: SUBCONTRACT FOR SPONSORED RESEARCH CLASSIFIED AS PROGRAM SERVICES. | $459,758 |
Charlottesville, VA PURPOSE: SUBCONTRACT FOR SPONSORED RESEARCH CLASSIFIED AS PROGRAM SERVICES. | $390,605 |
Piscataway, NJ PURPOSE: SUBCONTRACT FOR SPONSORED RESEARCH CLASSIFIED AS PROGRAM SERVICES. | $281,014 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Old Dominion University Research Foundation has recieved totaling $1,602,889.
| Awarding Organization | Amount |
|---|---|
John Templeton Foundation West Conshohocken, PA PURPOSE: MODELING RELIGIOUS CHANGE | $599,847 |
John Templeton Foundation West Conshohocken, PA PURPOSE: MODELING RELIGIOUS CHANGE | $599,847 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR RESEARCH AND PROGRAMS EXPLORING BARRIERS FACED BY TRANSITIONAL ENTREPRENEURS. 202003-8186 | $151,603 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR RESEARCH AND PROGRAMS EXPLORING BARRIERS FACED BY TRANSITIONAL ENTREPRENEURS. 202003-8186 | $110,752 |
United States Japan Foundation Owings Mills, MD PURPOSE: TO SUPPORT ADDRESSING THE ISSUE OF STIGMATIZATION OF VICTIMS/SURVIVORS IN THE FUKUSHIMA NUCLEAR DISASTER. | $62,600 |
Southeastern Universities Research Association Inc Washington, DC PURPOSE: JSA RESEARCH GRANT | $32,840 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Mason University Foundation Inc Fairfax, VA | $459,289,058 | $113,505,085 |
West Virginia Univ Foundation Inc Morgantown, WV | $1,952,164,791 | $155,430,683 |
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
North Carolina State University Foundation Inc Raleigh, NC | $679,121,022 | $52,520,062 |