Old Dominion University Educational Foundation
4417 Monarch Way Floor 4, Norfolk, VA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $45,608,493 | $22,654,541 | $334,054,547 |
| FY2023 | $33,777,034 | $18,002,808 | $299,693,817 |
| FY2022 | $28,545,693 | $19,356,496 | $267,523,397 |
| FY2021 | $33,517,872 | $15,595,612 | $304,595,053 |
| FY2020 | $40,894,219 | $14,096,105 | $253,883,385 |
| FY2019 | $29,020,337 | $14,117,943 | $234,778,056 |
| FY2018 | $28,890,694 | $14,087,990 | $199,788,103 |
| FY2017 | $18,261,716 | $11,701,935 | $202,996,097 |
| FY2016 | $10,630,154 | $12,506,324 | $177,914,026 |
| FY2015 | $15,282,913 | $13,554,751 | $174,799,927 |
| FY2014 | $18,036,254 | $16,219,549 | $183,197,489 |
| FY2013 | $25,094,187 | $10,649,740 | $182,745,014 |
| FY2012 | $14,206,687 | $10,451,559 | $155,853,271 |
| FY2011 | $15,670,941 | $9,181,734 | $142,460,402 |
Form 990 filings
The returns filed by Old Dominion University Educational Foundation (EIN 54-6052014), 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 | $28,808,316 | 63% |
| Program service revenue | $0 | 0% |
| Other revenue | $16,800,177 | 37% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $19,403,123 | 86% |
| Management & general | $2,507,193 | 11% |
| Fundraising | $744,225 | 3% |
What the numbers show
- Contributions & grants made up 63% of total revenue in FY2024.
- Program services accounted for 86% of functional expenses, management & general 11%, and fundraising 3%.
- 86% of functional expenses went to program services in FY2024. That is higher than 55.9% of 136 Education organizations in VA.
- Net assets covered about 176.9 months of expenses at the end of the reporting year. That puts it in the 90th percentile among 1604 Education organizations in VA.
- Total revenue was higher than 97.4% of 1641 Education organizations in VA.
- Total revenue rose from $15,670,941 in FY2011 to $45,608,493 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2016).
- Net assets grew from $142,460,402 to $334,054,547 between FY2011 and FY2024.
- Contributions and grants made up 51% of revenue in FY2011 and 63% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
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
OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION WAS ESTABLISHED TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF ODU.
IRS status
| Ruling year | 1956 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B110 — Education (in VA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Christendom Educational Corporation — Front Royal, VA · $45,215,813
- Robin Merger Corporation Inc — Arlington, VA · $46,004,090
- University of Virginia Foundation — Charlottesvle, VA · $44,146,959
- Sweet Briar Institute — Sweet Briar, VA · $43,099,012
- St Annes-Belfield Inc — Charlottesvle, VA · $42,647,338
- Randolph College — Lynchburg, VA · $50,220,398
- Virginia Student Aid Foundation — Charlottesvle, VA · $50,256,478
- Ferrum College — Ferrum, VA · $40,045,924
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.