Norfolk State University
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$27.2M
+5.2% YoY
Revenue
$6.2M
+3.0% YoY
Net Investment Income
$203K
+102.2% YoY
Expenses
$5.7M
-1.7% YoY
About Norfolk State University
Based on IRS filings
Norfolk State University is a nonprofit organization focused on Community Improvement & Capacity Building, based in NORFOLK, VA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $27.2M in total assets. Net investment income was $203K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $27,153,812 | $25,804,421 | $25,278,732 |
| Revenue | $6,228,181 | $6,046,806 | $5,808,933 |
| Expenses | $5,697,619 | $5,797,625 | $5,408,267 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $203,266 | $100,547 | $-11,078 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HUDNALL R CROASDALE | BOARD MEMBER | 0.5 | $163,155 |
| DR DOYLE A TEMPLE | TREASURER | 0.5 | — |
| DR JUAVAUNE ADAMS-GASTON | BOARD MEMBER | 0.5 | — |
| BK FULTON | BOARD MEMBER | 0.5 | — |
| WAYNE JONES | CHAIR | 0.5 | — |
| RODNEY JORDAN | BOARD MEMBER | 0.5 | — |
| KEITH BASIL | SECRETARY | 0.5 | — |
| DR HAROLD WATKINS | BOARD MEMBER | 0.5 | — |
| CORNELIUS GRAVES ESQ | EXEC DIRECTOR & CEO AS OF 10/1/23 | 40 | $48,212 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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