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THE MISSION OF THE FOUNDATION IS TO ACQUIRE, DEVELOP, FINANCE, LEASE, HOLD, OPERATE, MANAGE AND DISPOSE OF REAL PROPERTY ASSETS AND INTERESTS FOR LONGWOOD UNIVERSITY.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$35.1M
Program Spending
99%
of total expenses go to program services
Total Contributions
$6.1M
Total Expenses
▼$38.6M
Total Assets
$298.1M
Total Liabilities
▼$334.7M
Net Assets
-$36.5M
Officer Compensation
→$111.2K
Other Salaries
$366.2K
Investment Income
$1.4M
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $4.5M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
LONGWOOD UNIVERSITY54-6001788 | FARMVILLE, VA | $4.5M | Cash | GENERAL SUPPORT |
| Total | $4.5M | |||
FARMVILLE, VA
$4.5M
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.9M
Awards Found
1
Department of Commerce
$1.9M
THIS EDA INVESTMENT SUPPORTS THE LONGWOOD UNIVERSITY REAL ESTATE FOUNDATION WITH CONSTRUCTION OF AN INNOVATION HUB IN FARMVILLE, VIRGINIA TO INCLUDE MAKERSPACES, COWORKING SPACES, BUSINESS CONSULTING, AND EDUCATIONAL TRAINING ROOMS. THE FACILITY IS THE FIRST OF ITS KIND IN THE REGION AND WILL SERVE AS A BUSINESS DEVELOPMENT ACCELERATOR AND COMMUNITY TRAINING CENTER. THE HUB WILL PROVIDE A COMMUNITY-BASED CONNECTION POINT TO LOCAL AND REGIONAL BUSINESS DEVELOPMENT SUPPORT AND WORKFORCE EDUCATION PROGRAMMING. ONCE COMPLETED, THE PROJECT WILL HELP THE REGION WITH RECOVERY EFFORTS FROM THE COVID-19 PANDEMIC, PROMOTE ECONOMIC SUSTAINABILITY, EXPAND JOB OPPORTUNITIES, AND PROMOTE GROWTH THROUGHOUT THE REGION.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $1.7M | No | 2025-08-07 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.7M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: SOUNK
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $35.1M | $6.1M | $38.6M | $298.1M | -$36.5M |
| 2023IRS e-File | $29.6M | $1.3M | $36.6M | $301.5M | -$33.6M |
| 2022 | $26.2M | $687.6K | $32.3M | $314.2M | -$26.6M |
| 2021 | $31.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Lori Blackwood | Executive Di | 40 | $0 | $66.5K | $25.1K | $91.6K |
| John W Daniel Ii | President | 2 | $0 | $0 | $0 | $0 |
| Sherri Moore | Secretary | 40 | $0 | $0 | $0 | $0 |
Lori Blackwood
Executive Di
$91.6K
Hrs/Wk
40
Compensation
$0
Related Orgs
$66.5K
Other
$25.1K
John W Daniel Ii
President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sherri Moore
Secretary
$0
Hrs/Wk
40
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Cameron Patterson | Director | 1 | $0 | $0 | $0 | $0 |
| Courtney Hodges | Director | 2 | $0 | $0 | $0 | $0 |
| Debbie D Epperson | Director | 1 | $0 | $0 | $0 | $0 |
| E Duffy Myrtetus | Director | 1 | $0 | $0 | $0 | $0 |
| Gregory F Fawcett Ii | Director | 1 | $0 | $0 | $0 | $0 |
| Louise W Waller | Director |
Cameron Patterson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Courtney Hodges
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Debbie D Epperson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $6.5M |
| $30.4M |
| $322.4M |
| -$20.5M |
| 2020 | $29.6M | $7.2M | $26.6M | $272.2M | -$22M |
| 2019 | $22.2M | $3.9M | $21.3M | $243.8M | -$14.7M |
| 2018 | $15.6M | $0 | $16.1M | $350.9M | -$17.9M |
| 2017 | $12.6M | $0 | $13.1M | $219.5M | -$15.9M |
| 2016 | $11.6M | $0 | $11.4M | $130.7M | -$20.1M |
| 2015 | $9.1M | $0 | $11M | $117M | -$18M |
| 2014 | $10.2M | $5,000 | $11.8M | $93M | -$16.2M |
| 2013 | $7.7M | $0 | $8.6M | $93.6M | -$11.8M |
| 2012 | $6.1M | $0 | $8.5M | $73.8M | -$15.7M |
| 2011 | $6M | $0 | $6.7M | $52.4M | -$13.7M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2 |
| $40K |
| $0 |
| $0 |
| $40K |
| Lucia Anna Pia Trigiani | Director | 1 | $0 | $0 | $0 | $0 |
| Matt Mcgregor | Director | 2 | $0 | $0 | $0 | $0 |
| Michael A Evans | Director | 1 | $0 | $0 | $0 | $0 |
| Sherry Swinson | Director | 1 | $0 | $0 | $0 | $0 |
| Tim Pierson | Director | 1 | $0 | $0 | $0 | $0 |
| Troy S Austin | Director | 1 | $0 | $0 | $0 | $0 |
| W Taylor Reveley Iv | Director | 2 | $0 | $0 | $0 | $0 |
| William Fiege | Director | 1 | $0 | $0 | $0 | $0 |
E Duffy Myrtetus
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gregory F Fawcett Ii
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Louise W Waller
Director
$40K
Hrs/Wk
2
Compensation
$40K
Related Orgs
$0
Other
$0
Lucia Anna Pia Trigiani
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Matt Mcgregor
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Michael A Evans
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sherry Swinson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tim Pierson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Troy S Austin
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
W Taylor Reveley Iv
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
William Fiege
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0