LONGWOOD UNIVERSITY FOUNDATION INC

EIN: 546047289 501(c)(3) Education

FARMVILLE, VA

Total Revenue
$7,289,006
Total Expenses
$7,367,378
Total Assets
$106,166,411
Net Assets
$105,638,115
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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
VA
Principal Officer
BOB WERTZ
Phone
4343952033
Tax Period
2023-01-01 to 2023-12-31

LONGWOOD UNIVERSITY FOUNDATION INC, founded in 1959, is a community nonprofit in the Education sector that reported $8.9M in total revenue in fiscal year 2018. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $14.3M exceeded revenue, resulting in a 61% operating deficit.

Mission

THE FOUNDATION SUPPORTS THE ACTIVITIES AND OPERATIONS OF LONGWOOD UNIVERSITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,283,092
Program Service Revenue $0
Investment Income $4,985,563
Other Revenue $20,351
TOTAL REVENUE $7,289,006

Expense Breakdown

Grants Paid $5,395,872
Salaries & Benefits $1,032,783
Fundraising Expenses $462,931
Program Expenses $5,408,516
Other Expenses $938,723
TOTAL EXPENSES $7,367,378

Year-over-Year Comparison

2023 2022 Change
Revenue $7,289,006 $9,284,971 -0.2%
Expenses $7,367,378 $7,046,904 +0.0%
Net Income $-78,372 $2,238,067 -1.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
22
Independent Members
22
Employees
5
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$423,509
Total Directors
31
$260,314
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT S WERTZ JR PRESIDENT 5.00
Officer Director
$0 $0 $0
TAMARA JONES VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
EILEEN M ANDERSON DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH W BARTHOLOMEW III DIRECTOR 0.50
Director
$0 $0 $0
KATHARINE BOND DIRECTOR 0.50
Director
$0 $0 $0
MEGAN CLARK DIRECTOR 0.50
Director
$0 $0 $0
BONNIE DAVIS DIRECTOR 0.50
Director
$0 $0 $0
CHUCK DOWDY DIRECTOR 0.50
Director
$0 $0 $0
COLIN DUCHARME DIRECTOR 0.50
Director
$0 $0 $0
SUSAN FIERRO DIRECTOR 0.50
Director
$0 $0 $0
MARK FINK DIRECTOR 0.50
Director
$0 $0 $0
JERIS JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
KEITH LATIMER DIRECTOR 0.50
Director
$0 $0 $0
TROY L LITTLES DIRECTOR 0.50
Director
$0 $0 $0
PAULA MCDONOUGH DIRECTOR 0.50
Director
$0 $0 $0
GEORGE MELNYK JR DIRECTOR 0.50
Director
$0 $0 $0
DAN OAKEY DIRECTOR 0.50
Director
$0 $0 $0
JULIE RAMSEY DIRECTOR 0.50
Director
$0 $0 $0
MARY THORNTON DIRECTOR 0.50
Director
$0 $0 $0
PIA TRIGIANI DIRECTOR 0.50
Director
$0 $0 $0
RONALD WHITE DIRECTOR 0.50
Director
$0 $0 $0
DAVID WHITUS DIRECTOR 0.50
Director
$0 $0 $0
BURT HAZELWOOD CEO 40.00
Officer Director
$220,003 $40,311 $260,314
MATTHEW MCGREGOR UNIVERSITY VP EX-OFFICIO 0.50
Director
$0 $0 $0
TAYLOR REVELEY IV UNIVERSITY PRESIDENT, EX-O 1.00
Director
$0 $0 $0
KATHY FOX ALUMNI ASSOC VP EX-OFFICI 0.50
Director
$0 $0 $0
DREW HUDSON CHIEF LIAISON OFFICER EX-OFFICIO 0.50
Director
$0 $0 $0
NEIL MILLER LONGWOOD SGA TREASURER EX-OFFICIO 0.50
Director
$0 $0 $0
JACOB KEELY LANCER STUDENT INVEST FUND MGR EX-OFFICIO 0.50
Director
$0 $0 $0
ANTHONY CAPUTO FELLOW 0.50
Director
$0 $0 $0
KATE FAILLA FELLOW 0.50
Director
$0 $0 $0
DIAN DYCKES CONTROLLER 40.00
Officer
$129,290 $33,905 $163,195
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $7,289,006 $7,367,378 $106,166,411 $-78,372
2022 $9,284,971 $7,046,904 $104,169,025 $2,238,067
2021 $12,872,847 $6,330,727 $112,093,692 $6,542,120
2020 $9,616,741 $6,293,392 $81,295,348 $3,323,349
2019 $8,892,661 $14,280,120 $83,216,612 $-5,387,459
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