2023-11-03T13:05:39-05:00 2023-06-30 440160260 FORVIS LLP 440 MONTICELLO AVE SUITE 2050 NORFOLK VA 23510 990 2022-07-01 541379119 OLD DOMINION UNIVERSITY ALUMNI ASSOCIATION INC OLDD 8886383435 4111 MONARCH WAY NORFOLK VA 23508 ANDRE WELLS PRESIDENT 8886383435 2023-11-03 1 ANDRE WELLS 999009999 1 LAKRISHA J CASTLEBERRY P01677333 7576245100 2023-11-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANDRE WELLS 4111 MONARCH WAY NORFOLK VA 23508 651440 0 X WWW.ODUALUMNI.ORG X 1985 VA TO PROVIDE AN ORGANIZATION THROUGH WHICH ALUMNI MAY ASSIST WITH EDUCATIONAL OBJECTIVES AND SUPPORT THE ACTIVITIES OF OLD DOMINION UNIVERSITY AND BE ABLE TO COMMUNICATE WITH OTHER ALUMNI. 26 26 0 26 11669 0 34810 14115 143141 161056 10 9 72266 246175 250227 421355 15900 161000 0 0 0 0 0 0 0 228890 257345 244790 418345 5437 3010 160196 112827 61731 11352 98465 101475 TO PROVIDE AN ORGANIZATION THROUGH WHICH ALUMNI MAY ASSIST WITH EDUCATIONAL OBJECTIVES AND SUPPORT THE ACTIVITIES OF OLD DOMINION UNIVERSITY AND BE ABLE TO COMMUNICATE WITH OTHER ALUMNI. 0 0 385930 161000 161056 SUPPORT OF ALUMNI COMMUNICATIONS AND ACTIVITIES. 385930 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 17 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 VA X THE CORPORATION 8886383435 4111 MONARCH WAY NORFOLK VA 23508 X ANDRE WELLS PRESIDENT 1.00 X X 0 0 0 STEPHANIE FOWLER VICE PRESIDENT 1.00 X X 0 0 0 EILEEN GWALTNEY TREASURER 1.00 X X 0 0 0 CATHERINE CALLAHAN SECRETARY 1.00 X X 0 0 0 GAY BORUM CHAIR 1.00 X 0 0 0 JANET CARTER CHAIR 1.00 X 0 0 0 ALEXIS BORUM BOARD MEMBER 1.00 X 0 0 0 THOMAS CLEMENS BOARD MEMBER 1.00 X 0 0 0 APRIL ELIZEE BOARD MEMBER 1.00 X 0 0 0 OCCASIO GEE BOARD MEMBER 1.00 X 0 0 0 AMBER IVEY BOARD MEMBER 1.00 X 0 0 0 JENNIFER KEENAN BOARD MEMBER 1.00 X 0 0 0 ARTHUR KELLY BOARD MEMBER 1.00 X 0 0 0 PATTY LOTT BOARD MEMBER 1.00 X 0 0 0 LOUIS MARTINETTE BOARD MEMBER 1.00 X 0 0 0 MICHELE MULICH BOARD MEMBER 1.00 X 0 0 0 BRIDGET OUTLAW BOARD MEMBER 1.00 X 0 0 0 CURTIS PARKER BOARD MEMBER 1.00 X 0 0 0 APRIL PREST BOARD MEMBER 1.00 X 0 0 0 SCOTT PRICE BOARD MEMBER 1.00 X 0 0 0 DON PUTNAM BOARD MEMBER 1.00 X 0 0 0 SADE SEABORNE BOARD MEMBER 1.00 X 0 0 0 JAMIE STUMP BOARD MEMBER 1.00 X 0 0 0 MARGARET THOMPSON BOARD MEMBER 1.00 X 0 0 0 JANET WEBSTER BOARD MEMBER 1.00 X 0 0 0 ROBERT WILBER BOARD MEMBER 1.00 X 0 0 0 KRISTA HARRELL EXECUTIVE DIRECTOR 30.00 X 0 0 0 0 0 0 0 0 0 0 0 14115 14115 14115 PROGRAM REVENUE 900099 161056 161056 161056 9 9 6021 6021 395948 14115 230085 165863 165863 MISCELLANEOUS 561499 62622 62622 ADVERTISING 541800 11669 11669 74291 421355 161056 11669 234515 161000 161000 23900 23900 1 1 28964 28964 PROGRAM EXPENSES 195934 195934 BOARD OF DIRECTORS 8391 8391 MISCELLANEOUS 155 31 124 418345 385930 32415 0 300 300 98870 35337 42600 31550 600 25 15226 42193 2555 0 0 2555 2600 867 160196 112827 38099 10562 23632 790 61731 11352 X 98465 101475 98465 101475 160196 112827 3010 0 X X 0 1 X 1 0 X 31570 21100 1767 34810 14115 103362 71653 60259 29454 143141 161056 465563 28876 40151 15713 33828 165863 284431 235108 244364 268783 245354 216440 1210049 367207 365874 315717 457133 557474 2063405 0 15000 13750 15000 78921 122671 15000 13750 15000 78921 122671 1940734 54401 54520 131522 6848 6030 253321 8803 3734 2253 -2024 -3026 9740 63204 58254 133775 4824 3004 263061 673 19931 62622 83226 430411 424128 450165 481888 623100 2409692 0.80540 0.81570 0.10920 0.14740 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 673. 2021 AMOUNT: $ 19,931. 2022 AMOUNT: $ 62,622. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2555 2555 2555 X 867880 216440 230085 446525 421355 0 421355 864870 216440 230085 446525 418345 0 418345 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. ACTIVITIES NOT DIRECTLY RELATED TO THE ASSOCIATION'S TAX-EXEMPT PURPOSE ARE SUBJECT TO UNRELATED BUSINESS INCOME TAXATION. THE ASSOCIATION COMPUTES A DEFERRED TAX BENEFIT BY RECOGNIZING DEFERRED TAX ASSETS FOR THE EXPECTED FUTURE USE OF NET OPERATING LOSSES IN ITS TAX RETURNS. UNDER THIS METHOD, DEFERRED TAX ASSETS ARE DETERMINED BASED ON NET OPERATING LOSS CARRYFORWARD AMOUNTS USING ENACTED TAX RATES IN EFFECT IN THE YEARS IN WHICH THE NET OPERATING LOSSES ARE EXPECTED TO REVERSE. A VALUATION ALLOWANCE MAY BE DETERMINED TO OFFSET THE FUTURE NET OPERATING LOSSES BASED ON MANAGEMENT'S ESTIMATE OF FUTURE TAXABLE INCOME. THE ASSOCIATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 380,085. SCHOLARSHIP INCLUDED IN SCH G FUNDRAISING EXPENSES -150,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 380,085. SCHOLARSHIP INCLUDED IN SCH G FUNDRAISING EXPENSES -150,000. COBIA (FISHING) TOURNAMENT 79523 11868 67655 27000 11868 1797 10627 855 6266 ALUMNI HONOR AWARDS DINNER 294783 294783 643 68899 550 74690 1 35757 2247 33510 2248 12183 12459 410063 14115 395948 27000 14759 1797 91709 1405 93415 230085 165863 1 OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION 4417 MONARCH WAY 4TH FLOOR NORFOLK VA 23529 546052014 501(C)(3) 150000 0 TO FUND EDUCATIONAL SCHOLARSHIP OLD DOMINION UNIVERSITY 5115 HAMPTON BOULEVARD N NORFOLK VA 23529 546000084 115 11000 0 TO ASSIST WITH THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF OLD DOMINION UNIVERSITY 2 PART II, LINE 1: GRANTS ARE USED TO SUPPORT UNIVERSITY SCHOLARSHIPS AND OTHER INITIATIVES. DECISIONS REGARDING RECIPIENTS OR EXPENDITURES ARE MADE BY THE APPROPRIATE UNIVERSITY DEPARTMENTS AND/OR COACHES. ALL SELECTIONS AND EXPENDITURES ARE MADE WITHIN UNIVERSITY GUIDELINES, POLICIES, AND PROCEDURES. X PRIZES/GIVEAWAYS 29 12615 COST OF DONATED PRIZ X SUPPLIES 1 1500 COST OF DONATED PRIN 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 GAY BORUM IS ALEXIS BORUM'S MOTHER. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE FINANCE COMMITTEE AND DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER, UPON JOINING THE BOARD, SIGNS A CONFLICT OF INTEREST STATEMENT WHICH CONTINUES THROUGHOUT THEIR BOARD SERVICE, BUT MODIFIED IF NEW POTENTIAL CONFLICTS ARISE (IF A NEW/DIFFERENT AFFINITY PARTNER IS SIGNED). FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ON FILE AND AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART XII, LINE 2C THE ASSOCIATION'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY AND OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT AUDITORS. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.