Longwood University Real Estate Foundation
315 W Third St, Farmville, VA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $35,126,384 | $38,577,423 | -$36,516,832 |
| FY2023 | $29,649,183 | $36,647,209 | -$33,585,992 |
| FY2022 | $26,239,174 | $32,329,399 | -$26,587,966 |
| FY2021 | $31,911,007 | $30,440,034 | -$20,497,741 |
| FY2020 | $29,646,672 | $26,576,229 | -$21,968,714 |
| FY2019 | $22,213,163 | $21,274,244 | -$14,662,237 |
| FY2018 | $15,629,631 | $16,146,006 | -$17,943,113 |
| FY2017 | $12,570,441 | $13,134,357 | -$15,854,353 |
| FY2016 | $11,587,134 | $11,388,172 | -$20,104,085 |
| FY2015 | $9,066,248 | $11,009,657 | -$17,980,120 |
| FY2014 | $10,223,113 | $11,776,353 | -$16,241,704 |
| FY2013 | $7,725,542 | $8,627,192 | -$11,849,999 |
| FY2012 | $6,064,730 | $8,530,541 | -$15,746,310 |
| FY2011 | $6,027,690 | $6,708,263 | -$13,662,493 |
Form 990 filings
The returns filed by Longwood University Real Estate Foundation (EIN 20-1612906), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $6,108,706 | 17% |
| Program service revenue | $27,545,497 | 78% |
| Other revenue | $1,472,181 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $38,160,762 | 99% |
| Management & general | $405,210 | 1% |
| Fundraising | $11,451 | <1% |
What the numbers show
- Program service revenue made up 78% of total revenue in FY2024.
- Program services accounted for 99% of functional expenses, management & general 1%, and fundraising 0%.
- 99% of functional expenses went to program services in FY2024. That is higher than 97.8% of 136 Education organizations in VA.
- Net assets covered about -11.4 months of expenses at the end of the reporting year. That puts it in the 1st percentile among 1604 Education organizations in VA.
- Total revenue was higher than 96.7% of 1641 Education organizations in VA.
- Total revenue rose from $6,027,690 in FY2011 to $35,126,384 in FY2024. Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 10 of 14 reported years (FY2011, FY2012, FY2013, FY2014, FY2015, FY2017, FY2018, FY2022, FY2023, FY2024).
- Net assets declined from -$13,662,493 to -$36,516,832 between FY2011 and FY2024.
- Contributions and grants made up 0% of revenue in FY2011 and 17% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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.
IRS status
| Ruling year | 2004 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B90 — Education (in VA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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