2024-10-15T08:55:24-05:00 2023-12-31 540504608 BROWN EDWARDS & COMPANY LLP 828 MAIN STREET SUITE 1401 LYNCHBURG VA 24504 990 2023-01-01 541567947 DUVAHL RIDGWAY HULL AND ANDREW W HULL CHARITABLE FOUNDATION DUVA 4343952033 201 HIGH STREET FARMVILLE VA 23909 T BURT HAZELWOOD CHIEF EXECUTIVE OFFICER 4343952033 2024-10-14 1 1 RICHARD HEDLEY P00936170 4349489000 2024-10-04 2023 2024-10-15 13:58:12Z T BURT HAZELWOOD 201 HIGH STREET FARMVILLE VA 23909 259728 0 X N/A X 1998 VA TO PROVIDE SUPPORT TO THE LONGWOOD UNIVERSITY FOUNDATION, WHICH SUPPORTS VARIOUS PROGRAMS FOR LONGWOOD UNIVERSITY, INC., FIRST BAPTIST CHURCH, ROANOKE, VA, AND ST. MARK'S LUTHERAN CHURCH, ROANOKE, VA. 5 5 0 0 0 0 0 0 0 0 138034 259728 0 0 138034 259728 170794 169036 0 0 0 0 0 0 0 89877 86904 260671 255940 -122637 3788 4738480 4812022 712592 723828 4025888 4088194 TO PROVIDE SUPPORT TO THE LONGWOOD UNIVERSITY FOUNDATION, WHICH SUPPORTS VARIOUS PROGRAMS FOR LONGWOOD UNIVERSITY, INC., FIRST BAPTIST CHURCH, ROANOKE, VA, AND ST. MARK'S LUTHERAN CHURCH, ROANOKE, VA. 0 0 142156 142156 PROVIDED SUPPORT TO LONGWOOD UNIVERSITY FOUNDATION, PURSUANT TO THE IRS RULING LETTER DATED 10/14/1998. 13440 13440 PROVIDED SUPPORT TO ST. MARK'S LUTHERAN CHURCH, PURSUANT TO THE IRS RULING LETTER DATED 10/14/1998. 13440 13440 PROVIDED SUPPORT TO FIRST BAPTIST CHURCH, PURSUANT TO THE IRS RULING LETTER DATED 10/14/1998. 169036 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X DIAN DYCKES 4343952033 201 HIGH STREET FARMVILLE VA 23909 MRS MARY HULL SWIERS PRESIDENT/DIRECTOR 0.30 X X 0 0 0 MR W TAYLOR REVELEY IV VP/DIRECTOR 0.30 X X 0 0 0 MR ROBERT WERTZ JR TREASURER/DIRECTOR 0.30 3.00 X X 0 0 0 MR GEORGE TURNER SECRETARY/DIRECTOR 0.30 X X 0 0 0 T BURT HAZELWOOD ASST TREASURER/CEO 0.30 40.00 X X 0 220003 0 0 220003 0 0 0 1 0 0 66959 66959 192769 0 192769 192769 192769 259728 0 0 259728 169036 169036 54706 54706 300 300 29843 29843 2030 2030 TAXES & LICENSES 25 25 255940 169036 86904 0 4738480 4812022 4738480 4812022 712592 723828 712592 723828 X 4025888 4088194 4025888 4088194 4738480 4812022 X 3788 73149 -14631 X X 0 1 X 1 0 X X 3 LONGWOOD UNIVERSITY FOUNDATION INC 546047289 5 1 142156 0 ST MARK'S LUTHERAN 540604101 1 1 13440 0 FIRST BAPTIST CHURCH 540556200 1 1 13440 0 3 169036 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 4738480 303034 169036 60456 4812022 5453689 -482750 170794 61665 4738480 4845196 831425 161722 61210 5453689 3852303 1103800 87696 23211 4845196 4185439 -5444 280388 47304 3852303 0.00000 0.00000 1.00000 0 1 1 0 RICHMOND FUND LP NET INVESTMENT 4812022 F 4812022 X PART X, LINE 2: THE FOUNDATION HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT IT IS EXEMPT UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED IN THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT DECEMBER 31, 2022 AND DECEMBER 31, 2023. MANAGEMENT HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2022 AND DECEMBER 31, 2023. PART V, LINE 4: THE ENDOWMENTS EXIST TO BENEFIT LONGWOOD UNIVERSITY, FIRST BAPTIST CHURCH, AND ST. MARK'S LUTHERAN CHURCH. 1 LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546047289 501(C)(3) 142156 0 SCHOLARSHIPS ST MARKS LUTHERAN CHURCH 1008 FRANKLIN ROAD SW ROANOKE VA 24016 540604101 501(C)(3) 13440 0 GENERAL SUPPORT FIRST BAPTIST CHURCH ROANOKE 515 THIRD STREET SW ROANOKE VA 24016 540556200 501(C)(3) 13440 0 GENERAL SUPPORT 3 PART I, LINE 2: THE ORGANIZATION ONLY MAKES GRANTS TO ITS SUPPORTED ORGANIZATIONS. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE FUNDS. 0 0 0 0 0 0 0 0 0 T BURT HAZELWOOD ASST TREASURER/CEO 0 220003 0 0 0 0 0 0 0 0 0 220003 0 0 SCH J, PART 1, LINE 3 COMPENSATION BY A RELATED ORGANIZATION - THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS THE RESPONSIBILITY OF THE EXECUTIVE COMMITTEE. THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS REVIEWED AND APPROVED ON AN ANNUAL BASIS. A COMPARABILITY STUDY IS DONE ONLY WHEN THE CHIEF EXECUTIVE OFFICER IS INITIALLY HIRED, OR WHEN THE RECOMMENDED PAY RAISE IS ABOVE THE GENERAL ASSEMBLY'S PAY INCREASE FOR STATE EMPLOYEES. THE FOUNDATION ALSO USES STATE AND NATIONAL SURVEYS TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 2 TWO MEMBERS OF THE BOARD, PRESIDENT MARY SWIERS AND SECRETARY GEORGE TURNER, HAVE A PROFESSIONAL RELATIONSHIP OUTSIDE THE ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER IS RESPONSIBLE FOR THE OVERSIGHT OF THE TAX PREPARATION SERVICES PROVIDED BY AN EXTERNAL ACCOUNTING FIRM, AND IS ALSO RESPONSIBLE FOR THE REVIEW AND APPROVAL OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY, AND DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. IF A CONFLICT DOES ARISE, THE CONFLICT WILL BE DOCUMENTED IN THE BOARD MINUTES. FURTHER THE CONFLICTED BOARD MEMBER WILL RECUSE THEMSELVES FROM DISCUSSING AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUST THIRD PARTY LIABILITY TO MARKET -11,031. INTERFUND TRANSFER -3,600. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LONGWOOD UNIVERSITY FOUNDATION INC 201 HIGH STREET FARMVILLE VA 23909 546047289 SUPPORTS PROGRAMS FOR LONGWOOD UNIVERSITY, INCLUDING PROVIDING SCHOLARSHIPS VA 501(C)(3) LINE 5 NONE 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1