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Longwood University Real Estate Foundation

Farmville, VA · EIN 20-1612906 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Longwood University Real Estate Foundation reported $35.1 million in revenue and $38.6 million in expenses for calendar year 2024. Of every $100 it spent, $98.92 went to program services, $1.05 to management and general costs and $0.03 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 78.4% of the total. Government grants made up 6.6%. The highest compensation it reported for one person was $91,590 (EXECUTIVE DI). Revenue rose 58% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $39M

Program services$98.92 $38M
Management & general$1.05 $405K
Fundraising$0.03 $11,451

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $35M

Contributions & grants (non-government)$10.80 $3.8M
Government grants$6.59 $2.3M
Program service revenue$78.42 $28M
Investment income$4.09 $1.4M
Other revenue$0.10 $36,471

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	98.9%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	1.1%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	17.4%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	6.6%	1.1%
Program service revenue share Part VIII 2g ÷ 12	78.4%	69.9%
Highest reported compensation Part VII-A, columns D–F	$91,590	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.24%	1.28%
People paid over $100,000 Part VII, line 2	Not reported	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	-11.4	13.3
Independent voting board members Part VI 1a–1b	9 of 16	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense

$38M expenses · 100.0% of program spending · grants $4.5M · revenue $28M

All program activities relate to the acquisition, development, financing, leasing, holding, operating, management and disposal of real property assets and interests of Longwood University

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
EXECUTIVE DI Director/trustee, officer, 40.00 hrs/week	$0	$66,494	$25,096	$91,590
DIRECTOR Director/trustee, 2.00 hrs/week	$40,000	$0	$0	$40,000

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$35M	$39M	98.9%	−$37M	$91,590
2023 ⓘ	$30M	$37M	98.9%	−$34M	$85,978
2022 ⓘ	$26M	$32M	98.7%	−$27M	$107,605
2021 ⓘ	$32M	$30M	99.2%	−$20M	$116,928
2020 ⓘ	$30M	$27M	98.7%	−$22M	$113,112
2019 ⓘ	$22M	$21M	98.3%	−$15M	$133,077

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b16 · 9 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13No
Document retention policy Part VI 14No
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aNo
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 515

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only

ENGLISH CONSTRUCTION Construction	$2,625,611
JM HAYDEN CONSTRUCTION Construction	$779,497
SHETLAND DEVELOPMENT LLC Marketing	$301,325
MBS CONSTRUCTION Construction	$121,350

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Longwood University Real Estate Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Longwood University Real Estate Foundation, you can publish a response that is linked from this page.

Report a correction Respond as Longwood University Real Estate…How this works

Similar-sized charities in this cause

Leap Academy University Charter School
Camden, NJ · revenue $35M · programs 77.7% · FY2025
Portland State University Foundation
Portland, OR · revenue $35M · programs 65.8% · FY2025
Town School for Boys
San Francisco, CA · revenue $35M · programs 85.1% · FY2025
Memphis University School
Memphis, TN · revenue $35M · programs 75.0% · FY2025
Early Learning Coalition of the Big Bend Region
Tallahassee, FL · revenue $35M · programs 95.1% · FY2025

All education charities · Largest charities in Virginia

Questions people ask

How much of Longwood University Real Estate Foundation's spending goes to programs?

In calendar year 2024, Longwood University Real Estate Foundation reported that 98.9% of its $38.6 million in expenses went to program services, 1.1% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Longwood University Real Estate Foundation pay its top executive?

The largest total compensation Longwood University Real Estate Foundation reported for one person in calendar year 2024 was $91,590, for the role of EXECUTIVE DI (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Longwood University Real Estate Foundation get its money?

Of $35.1 million in revenue in calendar year 2024, 17.4% came from contributions and grants (including 6.6% from government grants) and 78.4% from program service revenue (Form 990, Part VIII).

Is Longwood University Real Estate Foundation a registered charity?

The IRS lists EIN 20-1612906 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2024: Form 990 for calendar year 2024, object 202523179349310177 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202413189349301916 · read the filing
2022: Form 990 for calendar year 2022, object 202313189349310426 · read the filing
2021: Form 990 for calendar year 2021, object 202223199349309762 · read the filing
2020: Form 990 for calendar year 2020, object 202103169349306850 · read the filing
2019: Form 990 for calendar year 2019, object 202013219349308856 · read the filing

All filings for EIN 20-1612906: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.