NonprofitsNorfolk State University Research And Innovation Foundation

Community Improvement & Capacity Building

Norfolk State University Research And Innovation Foundation

NORFOLK, VA

Total revenue

$6.2M

Total expenses

$5.7M

Net assets

$1.6M

Grants received

EIN

383649338

Tax year

2023

Mission

The mission of the foundation is to provide brands and services that promote applied research and technological innovations that, in turn, contribute positively to the economic strength of the hampton roads region and the commonwealth of virginia.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue
Investment income$203K
Other revenue$6.0M
Total revenue$6.2M

Expenses

Grants paid
Salaries & benefits$545K
Fundraising
Other expenses$5.2M
Total expenses$5.7M
Total assets$27.2M
Net assets$1.6M

People

9 listed

NameRoleCompensation

HUDNALL R CROASDALE

BOARD MEMBER

Board

$163K

0.5 hrs/wk

CORNELIUS GRAVES ESQ

EXEC DIRECTOR & CEO AS OF 10/1/23

Board

$48K

40 hrs/wk

DR JUAVAUNE ADAMS-GASTON

BOARD MEMBER

Board

0.5 hrs/wk

BK FULTON

BOARD MEMBER

Board

0.5 hrs/wk

WAYNE JONES

CHAIR

Board

0.5 hrs/wk

RODNEY JORDAN

BOARD MEMBER

Board

0.5 hrs/wk

KEITH BASIL

SECRETARY

Board

0.5 hrs/wk

DR HAROLD WATKINS

BOARD MEMBER

Board

0.5 hrs/wk

DR DOYLE A TEMPLE

TREASURER

Board

0.5 hrs/wk

Independent contractors

BRAILSFORD & DUNLAVEY

CONSULTING

$229K

HUDNALL CROASDALE

CONSULTING

$163K

GREEN HAMPTON & KELLY PLLC

LEGAL

$139K

Details

EIN383649338
NTEE codeS43
Subsection03
Ruling date2003-03
Formed2001
Employees0
Volunteers0
NORFOLK STATE UNIVERSITY RESEARCH AND INNOVATION FOUNDATION — Mission, Financials & Grants Received | Grantivo