Financial Information for Norfolk State University Research and Innovation Foundation

Norfolk State University Research and Innovation Foundation's annual revenue was $7.5M in tax year 2024, reported on their IRS Form 990. They spent $6.3M in total expenses. 87% went to programs and services.

Financial Breakdown

What is Norfolk State University Research and Innovation Foundation's total annual expenses?

Norfolk State University Research and Innovation Foundation spent $6.3M in tax year 2024, according to their IRS Form 990 filing.

How much of Norfolk State University Research and Innovation Foundation's budget goes to programs?

Norfolk State University Research and Innovation Foundation spent $5.5M (87% of expenses) on programs and services in tax year 2024.

How much does Norfolk State University Research and Innovation Foundation spend on overhead?

Norfolk State University Research and Innovation Foundation's overhead in tax year 2024 includes administrative (13%) of their expenses.

What is Norfolk State University Research and Innovation Foundation's net worth?

Norfolk State University Research and Innovation Foundation had net assets of $1.0M as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.