2024-08-13T10:59:36-05:00 2023-12-31 BDO USA 300 E Main St Ste 1300 Norfolk VA 23510 990 2023-01-01 546051933 OLD DOMINION ATHLETIC FOUNDATION % DIRECTOR OF ACCOUNTING/CFO OLDD 7576834524 4417 MONARCH WAY4TH FLOOR NORFOLK VA 23529 JENA VIRGA EXECUTIVE DIRECTOR 7576834524 2024-08-08 true true Marc Berger P01871563 7576407190 2024-08-12 2023 2024-08-08 14:25:15Z JENA VIRGA 4417 MONARCH WAY4TH FLOOR NORFOLK VA 23529 12016234 false X WWW.OLDDOMINIONAF.COM X 1964 VA SEE SCHEDULE O SUPPLEMENTAL INFORMATION FOR ORGANIZATION'S MISSION 39 39 0 45 0 0 14284447 7987564 0 0 82749 493172 61151 68169 14428347 8548905 9687093 10239505 0 0 0 0 0 0 286441 4396206 2159116 14083299 12398621 345048 -3849716 70701057 70523628 380903 204389 70320154 70319239 X THE MISSION OF OLD DOMINION ATHLETIC FOUNDATION IS: A. TO FINANCIALLY AID AND SUPPORT THE ATHLETIC PROGRAMS OF OLD DOMINION UNIVERSITY. B. TO STRENGTHEN AND SUPPORT THE EDUCATIONAL PURPOSES OF OLD DOMINION UNIVERSITY'S ATHLETIC PROGRAMS IN ACCORDANCE WITH THE RULES AND REGULATIONS OF THE NCAA AND THE APPROPRIATE AFFILIATED CONFERENCE(S) AND THE UNIVERSITY. false false 11425078 10239505 0 TO PROVIDE SUPPORT TO THE OLD DOMINION UNIVERSITY ATHLETIC PROGRAMS, TO INCLUDE SCHOLARSHIPS FOR STUDENT ATHLETES, AND PROVIDE PROGRAM SUPPORT FOR THE NCAA DIVISION I SPORTS PROGRAMS IN WHICH THE UNIVERSITY COMPETES. PROGRAM SUPPORT INCLUDES FUNDING FOR TRAVEL AND TRANSPORTATION, SUPPLIES, EQUIPMENT AND MAINTENANCE. 11425078 true true false false false false false false false true true false false true true false true false false false false false false false true false false true false false false false false false false false false false true false false false false false false false false true 6 0 true 0 false false false false true true true true false false false true false false false X 39 39 false false false false false false false true true false false true true true true true true false false false VA X DIRECTOR OF ACCOUNTINGCFO 7576834471 4417 MONARCH WAY 4TH FLOOR NORFOLK VA 23529 X X H SCOTT HARDISON CHAIR 0.3 0.0 X X 0 0 0 KELLY TILL FIRST VICE CHAIR 0.3 0.0 X X 0 0 0 RUSSELL S TURNER SECOND VICE TRUSTEE 0.1 0.0 X X 0 0 0 THOMAS F CHERRY SECRETARY/TREASURER 0.3 0.0 X X 0 0 0 MONIQUE ADAMS TRUSTEE 0.1 0.0 X 0 0 0 CARLTON BENNETT TRUSTEE 0.1 0.0 X 0 0 0 JERRY BOWMAN TRUSTEE 0.1 0.0 X 0 0 0 WILLIAM BROTHERS TRUSTEE 0.1 0.0 X 0 0 0 GERALD P BRUNICK TRUSTEE 0.1 0.0 X 0 0 0 AUDRA BULLOCK TRUSTEE 0.1 0.0 X 0 0 0 JEFFREY S CHERNITZER TRUSTEE 0.1 0.0 X 0 0 0 DANIEL J CLARKSON TRUSTEE 0.1 0.0 X 0 0 0 TREY DUDLEY TRUSTEE 0.1 0.0 X 0 0 0 MICHAEL FOWLER TRUSTEE 0.1 0.0 X 0 0 0 JEROME B FRIEDMAN TRUSTEE 0.1 0.0 X 0 0 0 AMY FROSTICK TRUSTEE 0.1 0.0 X 0 0 0 BRIAN K HOLLAND TRUSTEE 0.1 0.0 X 0 0 0 THOMAS M JOHNSTON TRUSTEE 0.1 0.0 X 0 0 0 RICHARD F KIEFNER JR TRUSTEE 0.1 0.0 X 0 0 0 BARRY M KORNBLAU TRUSTEE 0.1 0.0 X 0 0 0 JEFFREY D KORNBLAU TRUSTEE 0.1 0.0 X 0 0 0 ROBERT G KREBS TRUSTEE 0.1 0.0 X 0 0 0 RICHARD A MCGRATH TRUSTEE 0.1 0.0 X 0 0 0 JEREMY MCLENDON TRUSTEE 0.1 0.0 X 0 0 0 JOSEPH MERSEL TRUSTEE 0.1 0.0 X 0 0 0 EG MIDDLETON III TRUSTEE 0.1 0.0 X 0 0 0 GEORGINA MILLER TRUSTEE 0.1 0.0 X 0 0 0 ALEX MITCHUM TRUSTEE 0.1 0.0 X 0 0 0 ROBIN D RAY TRUSTEE 0.1 0.0 X 0 0 0 EDWARD J REED TRUSTEE 0.1 0.0 X 0 0 0 RONALD C RIPLEY TRUSTEE 0.1 0.0 X 0 0 0 CONRAD SHUMADINE TRUSTEE 0.1 0.0 X 0 0 0 JAMES S SOMERS TRUSTEE 0.1 0.0 X 0 0 0 DAVID STOCKMEIER TRUSTEE 0.1 0.0 X 0 0 0 RICHARD B THURMOND TRUSTEE 0.1 0.0 X 0 0 0 W RUSSELL TURNER TRUSTEE 0.1 0.0 X 0 0 0 KATHRYN M VAN BUREN TRUSTEE 0.1 0.0 X 0 0 0 RAY G WRITTERSHEIM TRUSTEE 0.1 0.0 X 0 0 0 BRIAN HEMPHILL EX-OFFICIO 0.1 0.0 X 0 0 0 ANDRE WELLS EX-OFFICIO (THRU 06/2023) 0.1 0.0 X 0 0 0 JANET CARTER EX-OFFICIO (From 07/2023) 0.1 0.0 X 0 0 0 CAMDEN WOOD SELIG EX-OFFICIO 0.1 0.0 X 0 0 0 ALONZO BRANDON EX-OFFICIO 0.1 0.0 X 0 0 0 MIKE LAROCK ASST. TREASURER 9.0 0.0 X 0 0 0 CINDY GALL ASST. SECRETARY 13.0 0.0 X 0 0 0 JENA VIRGA EXECUTIVE DIRECTOR 10.0 0.0 X 0 0 0 0 0 0 0 false false false AIR PLANNING LLC 12 Heritage Way NORTH READING MA 01864 AIR CHARTERS 318182 ARAMARK SERVICES INC 4320 HAMPTON BOULEVARD NORFOLK VA 23529 FOOD & BANQUET SVCS 283765 TAYMAR SALES U LLC 210 N PINE VALLEY ROAD WINSTON SALEM NC 27104 TICKET SALE MGT SVCS 108836 PowWow LLC DBA Pass Charters 6540 Highland Rd Suite 1 WATERFORD MI 48327 Air Charters 105821 4 136316 7851248 521070 7987564 0 416914 0 416914 0 0 50376 50376 0 0 0 3219503 56542 3147395 52392 72108 4150 76258 76258 185018 136316 217166 -32148 -32148 0 0 0 0 0 0 OTHER INCOME 999999 100317 100317 100317 8548905 0 561341 10239505 10239505 0 0 0 0 0 0 0 0 0 0 0 74600 74600 0 0 455 455 117535 116879 656 0 5797 1800 3997 0 0 0 464027 394620 69407 0 0 0 0 40188 40188 10097 10097 ADMINISTRATIVE FEES 446041 446041 GAME TICKETS AND GUARANTEES 409000 409000 MEALS AND BANQUET SERVICES 324419 137311 4616 182492 SERVICES CHARGES 127770 2 127768 139187 77476 31166 30545 12398621 11425078 687102 286441 748706 722859 0 0 14783252 11003709 40259 625 0 0 0 0 0 0 0 0 0 0 596838 282941 292491 313897 8150742 13632688 0 0 0 0 0 0 46685607 44849850 70701057 70523628 247436 68017 0 0 0 0 0 0 0 0 0 0 0 0 0 0 133467 136372 380903 204389 X 19651267 18367883 50668887 51951356 70320154 70319239 70701057 70523628 X -3849716 15608 3833193 X X false true X true false X 11052002 10855231 6632911 14284447 7987564 50812155 0 0 11052002 10855231 6632911 14284447 7987564 50812155 6578504 44233651 134889 54024 24829 82043 416914 712699 31520 45854 0 4983 -32148 50209 201295 0 0 56168 100317 357780 51932843 0.85175 0.83573 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37008825 837765 3243482 1550542 39539530 39043190 2812698 -3468291 1378772 37008825 31359824 2631139 6407297 1355070 39043190 26674095 2452808 3390250 643259 514070 31359824 23265488 544090 4019244 491678 663049 26674095 0.23760 0.51130 0.25110 true false 540243 275080 265163 56595 7861 48734 313897 INVESTMENTS HELD BY ODUEF 44624119 PREPAID EXPENSES 133994 OTHER ASSETS 91737 44849850 0 PRIORITY SEATING & DEFERRED RENT 136372 136372 X 12549740 15608 106263 121871 12427869 455 -3879419 -3878964 8548905 12550655 106263 46226 152489 12398166 455 455 12398621 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF 114 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. EXEMPT ORGANIZATIONS ARE SUBJECT TO TAX ON INCOME FROM REGULARLY CONDUCTED TRADE OR BUSINESS ACTIVITIES THAT ARE NOT SUBSTANTIALLY RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE. TAX YEARS BEFORE 2018 ARE NO LONGER SUBJECT TO EXAMINATIONS. MANAGEMENT CONTINUALLY EVALUATES TAX POSITIONS REFLECTED IN THE FOUNDATION'S TAX FILINGS AND DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST. PART XI, LINE 4B: PART XI LINE 4B INCLUDES THE INCREASE IN THE VALUE OF INVESTMENTS HELD BY OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION [$3,833,193], GAIN ON THE SALE OF FIXED ASSETS [$4,150] AND IMPUTED RENT EXPENSES PRESENTED IN THE STATEMENT OF FUNCTIONAL EXPENSES ON THE FINANCIAL STATEMENTS [$50,376]. PART XII, LINE 2D: PART XII LINE 2D INCLUDES GAIN ON THE SALE OF FIXED ASSETS [$4,150] AND IMPUTED RENT REPORTED ON THE STATEMENT OF REVENUE FOR TAX RETURN PURPOSES [$50,376]. Womens Golf 24800 24800 28137 24098 31608 Womens ball 28436 28436 7327 10943 11 268098 136316 131782 11150 10560 44615 48728 321334 136316 185018 39287 10560 76040 91279 217166 -32148 true OLD DOMINION UNVERSITY 5115 HAMPTON BOULEVARD N NORFOLK VA 23529 546000884 GOV 10239505 SEE PART IV 1 0 Schedule I, Part I, Line 2: The foundation provides funds to Old Dominion University for scholarship and program activities based on the donors intentions. All donor restrictions are forwarded to the appropriate university officials. Disbursement of the funds is managed and monitored by the university in compliance with restrictions and in accordance with university policies and procedures. PART II, LINE 1H: PURPOSE OF GRANT OR ASSISTANCE TO ASSIST WITH PURPOSE OF OLD DOMINION UNVERSITY X 1 4999 Fair Market Value X 38 515114 Selling Price X Donated Prop 1 957 FMV false true true SCHEDULE M, PART I, COLUMN (B): FOR LINE 9(B), THE NUMBER OF STOCK DONATIONS RECEIVED (NOT SHARES) IS REPORTED. FOR LINE 7 & 25, THE NUMBER OF CONTRIBUTIONS IS REPORTED. SCHEDULE M, PART I, LINE 32A: The ODU Sailing Coach may sell donated boats with proceeds paid directly to the Foundation. FORM 990, PART I, LINE 1: THE MISSION OF OLD DOMINION ATHLETIC FOUNDATION IS: A. TO FINANCIALLY AID AND SUPPORT THE ATHLETIC PROGRAMS OF OLD DOMINION UNIVERSITY. B. TO STRENGTHEN AND SUPPORT THE EDUCATIONAL PURPOSES OF OLD DOMINION UNIVERSITY'S ATHLETIC PROGRAMS IN ACCORDANCE WITH THE RULES AND REGULATIONS OF THE NCAA AND THE APPROPRIATE AFFILIATED CONFERENCE(S) AND THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B: THE 990 TAX FORMS ARE REVIEWED BY THE FINANCE AND AUDIT AND EXECUTIVE COMMITTEES AND PROVIDED TO VOTING MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: ONCE THE ANNUAL INTEREST DISCLOSURE FORMS ARE RECEIVED, MANAGEMENT REVIEWS THEM TO ENSURE THAT THERE ARE NO ISSUES. IN THE EVENT OF A CONFLICT OF INTEREST, THE AFFECTED TRUSTEE WILL ABSTAIN FROM PARTICIPATING IN THE DISCUSSION OF THE MATTER AND FROM VOTING ON IT. FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION'S FINANCE AND AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. FORM 990, PART XII, LINE 2C: THE FOUNDATION'S FINANCE AND AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. FORM 990, PART XI, LINE 9: OTHER CHANGES PART XI LINE 9 INCLUDES THE INCREASE IN THE VALUE OF INVESTMENTS HELD BY OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION [$3,833,193].