Overview
What is Old Dominion University Real Estate Foundatio?
The Old Dominion University Real Estate Foundation is a tax-exempt, nonprofit organization located at 4417 Monarch Way, 4th Floor, Norfolk, VA 23529. Its primary mission is to support the educational activities and objectives of Old Dominion University by acquiring, developing, and managing property. This organization operates with the goal of utilizing funds and properties exclusively for this purpose, as outlined in its mission statement.
Official website here: www.odu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Old Dominion University Real Estate Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. This rating is based entirely on their performance in the Accountability & Finance beacon, where they scored 81%. It indicates a strong commitment to transparency and responsible financial management, essential factors for potential donors and stakeholders.
Strengths of the organization include having a fully independent board, effective oversight through their audit and oversight committee, and well-defined policies regarding conflicts of interest and whistleblower protections. Their high program expense ratio of 92.33% also suggests that a significant portion of their funds is directed towards their mission-related activities, which is a positive sign for donors looking for effective fund utilization.
However, there are areas for improvement, particularly in their liabilities to assets ratio, which stands at 67.56%. This figure may raise concerns about financial stability and long-term sustainability. Overall, while the foundation demonstrates a strong commitment to accountability, attention to financial ratios could further enhance donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Old Dominion University Real Estate Foundatio legitimate?
Old Dominion University Real Estate Foundatio is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Dominion University Real Estate Foundatio submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $332,598
For more financial information, click here
Official website here: www.odu.edu
What is the mission statement of Old Dominion University Real Estate Foundatio?
The Old Dominion University Real Estate Foundation is a tax-exempt, nonprofit organization with the primary purpose of collecting, managing, and distributing funds and properties. This is done with the aim of supporting the educational activities and objectives of Old Dominion University. The foundation also engages in acquiring, developing, and managing property, all in line with the goals, mission, and objectives of the university.
Official website here: www.odu.edu
What is the revenue of Old Dominion University Real Estate Foundatio?
Old Dominion University Real Estate Foundatio's revenue in 2023 was $4,700,237.
Official website here: www.odu.edu
Who are the executives of Old Dominion University Real Estate Foundatio and what are their salaries?
There 15 volunteers at Old Dominion University Real Estate Foundatio.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $759,985
- Other: $64,067
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- Other: $36,500
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- Related: $171,493
- Other: $38,817
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- Related: $65,462
- Other: $20,601
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Official website here: www.odu.edu
Where can I find the form 990 for Old Dominion University Real Estate Foundatio?
Old Dominion University Real Estate Foundatio's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.odu.edu
Learn more at the official website: www.odu.edu
Mission Statement of Old Dominion University Real Estate Foundatio
The Old Dominion University Real Estate Foundation is a tax-exempt, nonprofit organization with a mission to collect, manage, and distribute funds and property exclusively to support the educational activities and objectives of Old Dominion University. Its primary goal is to acquire, develop, and manage property in accordance with the goals, mission, and objectives of the university. This nonprofit organization serves as a crucial partner in advancing the educational pursuits of Old Dominion University.
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Impact
July, 2024
The Old Dominion University Real Estate Foundation plays a crucial role in acquiring, developing, and managing property to support the goals, mission, and objectives of Old Dominion University. By receiving, administering, and distributing funds and property exclusively for the educational activities and objectives of the university, the foundation directly contributes to enhancing the campus infrastructure, facilities, and overall environment for students, faculty, and staff. Through its efforts, the foundation positively impacts the educational experience and opportunities available at Old Dominion University.
This information is meant to be a general summary of Old Dominion University Real Estate Foundatio. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $170,337
- Gross Receipts: $11,919,494
Assets and Liabilities:
- Total Assets: $77,759,835
- Total Liabilities: $52,540,868
- Net Assets: $25,218,967
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Organization Details
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