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Eastern Virginia Medical School Foundation

Norfolk, VA · EIN 23-7053028 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Eastern Virginia Medical School Foundation reported $16.4 million in revenue and $10.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.75 went to program services, $10.47 to management and general costs and $0.78 to fundraising. Its largest source of revenue was investment income: 72.0% of the total. Revenue rose 34% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $10M

Program services$88.75 $9.1M
Management & general$10.47 $1.1M
Fundraising$0.78 $80,608

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

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $16M

Contributions & grants (non-government)$27.79 $4.6M
Investment income$71.98 $12M
Other revenue$0.23 $36,869

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

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	88.8%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	10.5%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.8%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.02	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	27.8%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	1.1%
Program service revenue share Part VIII 2g ÷ 12	0.0%	69.9%
Highest reported compensation Part VII-A, columns D–F	Not reported	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	Not reported	1.28%
People paid over $100,000 Part VII, line 2	0	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	228.5	13.3
Independent voting board members Part VI 1a–1b	23 of 23	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

FY2025 · Form 990, Part III · the three largest programs by expense

$4.5M expenses · 49.4% of program spending · grants $4.5M · revenue $36,869

RESTRICTED GRANTS GIVEN TO Macon & Joan Brock Virginia Health Sciences at Old Dominion University FOR MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS

$2.3M expenses · 25.2% of program spending · grants $2.3M

APPROPRIATIONS FOR PROGRAM AND PROFESSORSHIP ENHANCEMENTS OF Macon & Joan Brock Virginia Health Sciences at Old Dominion University APPROVED BY THE BOARD OF THE FOUNDATION

$1.3M expenses · 14.3% of program spending · grants $1.3M

APPROPRIATIONS FOR MAINTENANCE AND OPERATIONS OF Macon & Joan Brock Virginia Health Sciences at Old Dominion University FOR MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS

$1.0M all other programs (line 4d)

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
FY2025 ⓘ	$16M	$10M	88.8%	$196M	—
FY2024 ⓘ	$15M	$12M	86.0%	$184M	—
FY2023 ⓘ	$12M	$10M	88.7%	$175M	—
FY2022 ⓘ	$19M	$11M	89.8%	$164M	—
FY2021 ⓘ	$28M	$9.5M	88.2%	$179M	—
FY2020 ⓘ	$12M	$7.9M	85.2%	$131M	—

Governance answers, as filed

FY2025 · 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–1b23 · 23 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
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 50
Volunteers Part I, line 621

Private foundation grants it received

4 private foundations reported grants to Eastern Virginia Medical School Foundation totaling $26,650 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Eastern Virginia Medical School 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 Eastern Virginia Medical School Foundation, you can publish a response that is linked from this page.

Report a correction Respond as Eastern Virginia Medical School…How this works

Similar-sized charities in this cause

Urban Assembly Charter School for Computer Science
Bronx, NY · revenue $16M · programs 90.6% · FY2025
The American School of Tangier
Boston, MA · revenue $16M · programs 100.0% · FY2025
Hanalani Schools
Mililani, HI · revenue $16M · programs 92.8% · FY2025
Tennessee Technological University Foundation
Cookeville, TN · revenue $16M · programs 97.8% · FY2025
St John's Community Services - District of Columbia
Washington, DC · revenue $16M · programs 100.0% · FY2025

All education charities · Largest charities in Virginia

Questions people ask

How much of Eastern Virginia Medical School Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, Eastern Virginia Medical School Foundation reported that 88.8% of its $10.3 million in expenses went to program services, 10.5% to management and general and 0.8% to fundraising (Form 990, Part IX).

Where does Eastern Virginia Medical School Foundation get its money?

Of $16.4 million in revenue in the fiscal year ending June 30, 2025, 27.8% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Eastern Virginia Medical School Foundation a registered charity?

The IRS lists EIN 23-7053028 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631209349301223 · read the filing
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202433309349300523 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202322929349300022 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202243149349304714 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202133139349300033 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202023219349312887 · read the filing

All filings for EIN 23-7053028: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.