VIRGINIA STATE UNIVERSITY FOUNDATION

PETERSBURG, VA, 23806-0001 (804) 524-5215 Est. 1968 EIN 54-6074532

B11— Education Form 990 501(c)(3)

foundation.vsu.edu

Mission

TO SUPPORT THE MISSION OF VIRGINIA STATE UNIVERSITY BY RECEIVING, MANAGING AND DISTRIBUTING DONATIONS AND CONTRIBUTIONS THAT AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.

Financials

Total Revenue

$4,611,259

Total Expenses

$3,442,992

Net Assets

$33,219,133

3 employees 27 volunteers

From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve

9.7 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 11.1%

Expenses ↑ 25.9%

Revenue Sources

Contributions 74.9% Investment 25.1%

Expense Breakdown

Program 86.2% Management 12.7% Fundraising 1.2%

Officers & Key Employees (23)

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Grants Received (70)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990 Jul 1, 2023 to Jun 30, 2024	$4,611,259 ↓	$3,442,992	$33,219,133
2022 Form 990 Jul 1, 2022 to Jun 30, 2023	$5,186,926 ↑	$2,734,753	$29,819,622
2021 Form 990 Jul 1, 2021 to Jun 30, 2022	$4,393,072 ↓	$1,889,084	$24,683,344
2020 Form 990 Jul 1, 2020 to Jun 30, 2021	$5,931,802 ↑	$1,458,999	$26,376,995
2019 Form 990 Jul 1, 2019 to Jun 30, 2020	$1,444,442	$1,514,693	$19,698,296