EIN 23-7235954

Norfolk State University Foundation

IRS 501(c) type
501(c)(3)
Num. employees
5
Year formed
1971
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Norfolk State University Foundation and Subsidiary has a mission to provide financial support to Norfolk State University. The Foundation provides support services for the benefit of the university and its students, including offering COVID emergency support funds to one student and supporting educational programs that provide hands-on experience. Additionally, the Foundation disbursed scholarships this year to over 1,000 Norfolk State University students designated by the University to receive scholarships from various donors. These scholarships also include need-based options.
Also known as...
Norfolk State University Foundation and Subsidiary
Total revenues
$8,996,683
2022
Total expenses
$4,031,735
2022
Total assets
$98,346,627
2022
Num. employees
5
2022

Program areas at Norfolk State University Foundation

The Foundation made scholarship disbursements this year to over 1,000 Norfolk State University students who are designated by the University to receive scholarships from scholarship funds which have been established by various donors. Need based scholarships are provided to talented, financially disadvantaged students. Many students are able to attend Norfolk State University only because of the generosity and support of private donors who give to the Foundation. Merit scholarships provided by the Foundation, allows the University to recruit and retain top ranked students from across the nation and the world, adding to the rich academic environment of the University.
The Foundation provides support services for the benefit of Norfolk State University and its students. The Foundation supported 1 student with $384 in covid emergency support funds and supported educational programs that offered students hands on experience with new partners like icon 360, offshore wind studies, netflix/2u, sentara, evms, and about love with tiffany & co., the shawn carter Foundation and beygood to name just a few of these amazing opportunities that directly impacted over 600 nsu students. The Foundation enables the University to fulfill its mission by supporting programs and initiatives that enrich academic programs, attract and retain quality faculty, provide scholarships to promising students, and increase student access to cutting edge technology.

Who funds Norfolk State University Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$510,576
Sentara HealthcareScholars Grant Award$250,000
American Online Giving FoundationGeneral Support$202,153
...and 36 more grants received totalling $1,859,188

Personnel at Norfolk State University Foundation

NameTitleCompensation
Crystal D JenkinsExecutive Director$88,126
David R KenersonAssistant Treasurer$0
Travis L AmesPresident / Treasurer and Finance and Investment / Director / Board Member$0
Carla BaileyVice President; Strategic Planning Committee CH / Vice President / Director / Board Member$0
Keith JonesSecretary / Scholarship Committee Chair / Director / Board Member$0
...and 3 more key personnel

Financials for Norfolk State University Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$10,878,122
Program services$0
Investment income and dividends$1,189,838
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-3,071,277
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$8,996,683

Form 990s for Norfolk State University Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990View PDF
2021-122022-11-15990View PDF
2020-122021-11-12990View PDF
2019-122021-02-24990View PDF
2018-122020-02-06990View PDF
...and 10 more Form 990s

Organizations like Norfolk State University Foundation

OrganizationLocationRevenue
Patrick and Henry Community College FoundationMartinsville, VA$3,192,343
VMI FoundationLexington, VA$36,993,722
Casper College FoundationCasper, WY$12,849,516
Arkansas State University System FoundationState University, AR$10,187,918
Foundations in EducationBridgeport, CT$7,032,652
Northwest FoundationMaryville, MO$5,208,389
Salisbury University FoundationSalisbury, MD$7,805,094
University of Baltimore FoundationBaltimore, MD$8,337,683
The Foundation for Grossmont and Cuyamaca CollegesEl Cajon, CA$44,643,552
Washburn University FoundationTopeka, KS$19,852,314
Data update history
August 2, 2024
Used new vendors
Identified 1 new vendor, including
July 23, 2024
Received grants
Identified 13 new grant, including a grant for $202,153 from American Online Giving Foundation
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 1 new personnel
January 1, 2024
Received grants
Identified 9 new grant, including a grant for $250,000 from Sentara Healthcare
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Provides grantsEndowed supportTax deductible donationsAccepts online donations
General information
Address
700 Park Ave
South Norfolk, VA 23324
Metro area
Virginia Beach-Norfolk-Newport News, VA-NC
County
Chesapeake city, VA
Website URL
nsu.edu/ 
Phone
(757) 823-2928
IRS details
EIN
23-7235954
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1971
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B84: Alumni Associations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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