William & Mary Athletic Educational Foundation FY2021 filing

Williamsburg, VAUnknown exempt organizationSince 1948 EIN 54-6056480Revenue $8.3M in FY2021Latest return filed May 14, 2026

On file with the IRStribeathletics.comPo Box 399 · Williamsburg, VA

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Support the Athletic department of the college of William and Mary.

97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $486K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $432K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6K
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.3M
Spent
$3.2M
To programs
97%
Net assets
$8.1M
By yearFY2021–FY2025
Revenue
$8.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$8.3M
FY2022$5.2M
FY2023$8.1M
FY2024$7.5M
FY2025$5.6M
Expenses
$3.2M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$3.2M
FY2022$5.3M
FY2023$5.9M
FY2024$7.5M
FY2025$15.1M
Net assets
$8.1M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$8.1M
FY2022$7.5M
FY2023$9.8M
FY2024$9.8M
FY2025$0

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $3.1M Management & general 2% · $67K Fundraising 1% · $32K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Metro DC Reg Pres
$0Pt VII · Sec A
NY Regional President
$0Pt VII · Sec A
Peninsula Reg Pres
$0Pt VII · Sec A
See William & Mary Athletic Educational Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports the College of William and Mary's athletic department.

Questions for William & Mary Athletic Educational Foundation

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1 program · $3.1M · in their own filed words · FY2020
01

Grants and allocations to the athletic department of the college of william and mary through alumni and other relationships.

$3.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 12 funders →
Grants paid · 7 grants · $35.1M · 2020–2024
College of William and MaryFY2024$6,245,770
William & Mary FoundationVA · FY2024$3,716,764
College of William and MaryFY2023$6,631,057
College of William and MaryFY2022$5,196,096
College of William and MaryFY2021$5,142,453
College of William and MaryFY2021$5,142,453
College of William and MaryFY2020$3,037,799

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$8.3M
Ln 12
Gifts and grantsLn 1h$8.2M
Other incomeLn 4–11$122K
Investment incomeLn 3$11K
Money outPt IX
$3.2M
Ln 25
Programscol B$3.1M
Managementcol C$67K
Fundraisingcol D$32K
Owns and owesPt X
$8.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$8.1M
LiabilitiesLn 26$6K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.2M
Noncash giftsLn 1g$733K
Fundraising eventsLn 1c$89K
Investment incomeLn 3$11K
Other incomeLn 4–11$122K
Gains on assetsLn 7−$6K
Total revenueLn 12$8.3M
Assets in detailPt X, end of year
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$3.1M
InvestmentsLn 11–13$1.5M
Land, buildings, equipmentLn 10c$32K
Total assetsLn 16$8.1M
LiabilitiesLn 26$6K
Net assetsLn 32$8.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$695K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.5M$3.1M
InvestmentsLn 11–13$11K$1.5M
Land, buildings, equipmentLn 10c$46K$32K
Total assetsLn 16$3.5M$8.1M
LiabilitiesLn 26$9K$6K
Net assetsLn 32$3.5M$8.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.0M$3.0M
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$35K$35K
Advertising and promotionLn 12$27K$27K
Office expensesLn 13$27K$27K$626
TravelLn 17$26K$25K$205
Conferences, conventions and meetingsLn 19$812$812
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$11K$7K$4K
Total functional expensesLn 25$3.2M$3.1M$67K$32K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $5.6M$15.1M−$9.5M$0 990 PDF
FY2024Filed with the IRS Nov 19, 2024 $7.5M$7.5M$14K$9.8M 990 PDF
FY2023Filed with the IRS May 10, 2024 $8.1M$5.9M$2.1M$9.8M 990 PDF
FY2022Filed with the IRS Feb 22, 2023 $5.2M$5.3M−$164K$7.5M 990 PDF
FY2021 ViewingFiled with the IRS Mar 1, 2022 $8.3M$3.2M$5.1M$8.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $8,298,707 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,273,263$8,165,402
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $63,179$11,033
I-11 Other revenuePrior year $68,429$122,272
I-12 Total revenuePrior year $3,404,871$8,298,707
I-13 Grants and similar amounts paidPrior year $5,751,363$3,037,800
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $279,772$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $211,921$157,094
I-18 Total expensesPrior year $6,243,056$3,194,894
I-19 Revenue less expensesPrior year −$2,838,185$5,103,813
Part VI · Governance 19 of 19 board members independent, 4 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $8,298,707 across 9 lines filed
VIII-1c Fundraising events$88,595
VIII-1f All other contributions, gifts and grants$8,076,807
VIII-1g Noncash contributions (included above)$732,623
VIII-1h Total contributions, gifts and grants$8,165,402
VIII-3 Investment incomeExcluded from tax $16,984$16,984
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$5,951−$5,951
VIII-8 Net income from fundraising eventsExcluded from tax $110,361$110,361
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,911$11,911
VIII-12 Total revenueRelated to mission $11,911 · Unrelated business $0 · Excluded from tax $121,394$8,298,707
Part IX · Statement of functional expenses $3,194,894 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $3,037,800$3,037,800
IX-11b Legal feesPrograms $10,174$10,174
IX-11c Accounting feesPrograms $34,592$34,592
IX-12 Advertising and promotionFundraising $26,827$26,827
IX-13 Office expensesManagement $26,513 · Fundraising $626$27,139
IX-17 TravelManagement $25,421 · Fundraising $205$25,626
IX-19 Conferences, conventions and meetingsFundraising $812$812
IX-22 Depreciation, depletion and amortizationPrograms $13,134$13,134
IX-23 InsuranceManagement $7,934$7,934
IX-24 Other expenses (24a–d)Management $7,044 · Fundraising $3,812$10,856
IX-25 Total functional expensesPrograms $3,095,700 · Management $66,912 · Fundraising $32,282$3,194,894
Part X · Balance sheet $8,077,360 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,482,655$3,148,491
X-3 Pledges and grants receivableStart of year $1,974,613$3,415,124
X-10c Land, buildings and equipment, netStart of year $45,531$32,397
X-12 Other securitiesStart of year $11,348$1,481,348
X-16 Total assetsStart of year $3,514,147$8,077,360
X-17 Accounts payable and accrued expensesStart of year $14$0
X-19 Deferred revenueStart of year $9,251$6,400
X-26 Total liabilitiesStart of year $9,265$6,400
X-27 Net assets without donor restrictionsStart of year −$175,293$6,453
X-28 Net assets with donor restrictionsStart of year $3,680,175$8,064,507
X-32 Total net assets or fund balancesStart of year $3,504,882$8,070,960
X-33 Total liabilities and net assetsStart of year $3,514,147$8,077,360
Part XI · Reconciliation of net assets $8,070,960 net assets at year end
XI-1 Total revenue$8,298,707
XI-2 Total expenses$3,194,894
XI-3 Revenue less expenses$5,103,813
XI-4 Net assets at start of year$3,504,882
XI-8 Prior period adjustments−$546,573
XI-9 Other changes in net assets$8,838
XI-10 Net assets at end of year$8,070,960

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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