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.
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 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Center For Mind & Culture Subcontractor | 6/29/21 | $1,225,367 |
Techark Solutions Llc Subcontractor | 6/29/21 | $346,794 |
Sobran Inc Subcontractor | 6/29/21 | $287,390 |
Hampton Roads Workforce Fdn Subcontractor | 6/29/21 | $275,000 |
Ibi Consultants Llc Subcontractor | 6/29/21 | $466,651 |
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 |
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 |
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 |
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 |