VIRGINIA INSTITUTE OF MARINE SCIENCE FOUNDATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: VIRGINIA INSTITUTE OF MARINE SCIENCE FOUNDATION (EIN 54-2027915)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2023-01-26
IRS object ID: 202340269349300839
Schema version: 2020v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule F
Schedule I
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-01-26T17:50:42-06:00	ReturnTs
Tax Period End	2021-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	540737372	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PBMARES LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4801 COURTHOUSE ST SUITE 128	AddressLine1Txt
City	WILLIAMSBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23188	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	542027915	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA INSTITUTE OF MARINE SCIENCE FDN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	VIRG	BusinessNameControlTxt
Phone	8046847107	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1346	AddressLine1Txt
City	GLOUCESTER POINT	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23062	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	LINDA RUDY	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	8046847107	PhoneNum
Signature	2023-01-17	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	LINDA	PersonFirstNm
Person Last	RUDY	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	EDWARD T YODER CPA	PreparerPersonNm
PTIN	P00239134	PTIN
Phone	7572297180	PhoneNum
Preparation	2023-01-17	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2023-03-07 01:45:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Amended Return	Yes (X)	AmendedReturnInd
Principal Officer	LINDA RUDY	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1346	AddressLine1Txt
City	GLOUCESTER POINT	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23062	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$35,006,283	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.VIMS.EDU	WebsiteAddressTxt
Type Of Organization Other	Yes (X)	TypeOfOrganizationOtherInd
Other Organization Dsc	NON STOCK CORP	OtherOrganizationDsc
Formation	2000	FormationYr
Legal Domicile State	VA	LegalDomicileStateCd
Activity Or Mission	PROMOTES PHILANTHROPY FOR THE VIRGINIA INSTITUTE OF MARINE SCIENCE & PROVIDES STEWARDSHIP OF THOSE RESOURCES TO SUPPORT VIMS' MISSION OF RESEARCH, EDUCATION AND ADVISORY SERVICE	ActivityOrMissionDesc
Voting Members Governing Body	17	VotingMembersGoverningBodyCnt
Voting Members Independent	17	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	17	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,992,437	PYContributionsGrantsAmt
CY Contributions Grants	$1,247,994	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$531,034	PYInvestmentIncomeAmt
CY Investment Income	$231,992	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$2,523,471	PYTotalRevenueAmt
CY Total Revenue	$1,479,986	CYTotalRevenueAmt
PY Grants And Similar Paid	$871,455	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$778,343	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$117,177	CYTotalFundraisingExpenseAmt
PY Other Expenses	$328,779	PYOtherExpensesAmt
CY Other Expenses	$335,606	CYOtherExpensesAmt
PY Total Expenses	$1,200,234	PYTotalExpensesAmt
CY Total Expenses	$1,113,949	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,323,237	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$366,037	CYRevenuesLessExpensesAmt
Total Assets BOY	$21,931,083	TotalAssetsBOYAmt
Total Assets EOY	$20,660,385	TotalAssetsEOYAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$94,434	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$21,931,083	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$20,565,951	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE VIMS FOUNDATION PROMOTES PHILANTHROPY FOR THE VIRGINIA INSTITUTE OF MARINE SCIENCE AND PROVIDES STEWARDSHIP OF THOSE RESOURCES TO SUPPORT VIMS' MISSION OF RESEARCH, EDUCATION AND ADVISORY SERVICE AND TO STRENGTHEN THE INSTITUTE'S POSITION AS THE PREEMINENT LEADER IN COASTAL AND ESTUARINE MARINE SCIENCE FOR VIRGINIA AND THE WORLD	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$778,343	ExpenseAmt
Grant	$778,343	GrantAmt
Desc	SUPPORT FOR THE VIRGINIA INSTITUTE OF MARINE SCIENCE IN PURSUIT OF ITS MISSION OF RESEARCH, EDUCATION AND ADVISORY SERVICES	Desc
Total Program Service Expenses	$778,343	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	0	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	17	GoverningBodyVotingMembersCnt
Independent Voting Member	17	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	AL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AZ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CO	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	HI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	ME	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MS	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NM	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	UT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WA	StatesWhereCopyOfReturnIsFldCd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SIDNE PRESSEY VIMS FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8046847000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1375 GREATE RD	AddressLine1Txt
City	GLOUCESTER	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23062	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
ELIZABETH LOUISE ANDERSON PHD
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
JAMES A CARLETON
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
JOHN PAUL CAUSEY JR
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
PHYLLIS L COTHRAN
PAST-PRESIDENT	2.00	Yes (X)	$0	$0	$0	Yes (X)
ADRIAN G DUPLANTIER JR
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
MICHELA ENGLISH
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
RICHARD J HILL
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
HENRY R HORTENSTINE III
TREASURER	10.00	Yes (X)	$0	$0	$0	Yes (X)
WAYNE K JOHNSON JR
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
JEANETTE MCKITTRICK
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
DAVID NELSON MEEKER
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
CHARLES JOSEPH NATALE
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
CARROLL WALLACE OWENS III
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
WILLIAM J STRICKLAND ESQ
PRESIDENT	10.00	Yes (X)	$0	$0	$0	Yes (X)
ANNE G WALESKI
VICE-PRESIDENT	10.00	Yes (X)	$0	$0	$0	Yes (X)
ANNE MARIE WHITTEMORE
SECRETARY	4.00	Yes (X)	$0	$0	$0	Yes (X)
SAMUEL S PROCTOR
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
AMY FISHER
EXECUTIVE DIRECTOR	20.00		$0	$0	$0	Yes (X)
DR JOHN WELLS
EX-OFFICIO	2.00		$0	$0	$0	Yes (X)
BETTY BARRACK
DIRECTOR OF FINANCIAL OPS	8.00		$0	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$1,247,994	AllOtherContributionsAmt
Noncash Contributions	$101,759	NoncashContributionsAmt
Total Contributions	$1,247,994	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$232,342	TotalRevenueColumnAmt
Exclusion	$232,342	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$33,525,947	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$33,526,297	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$350	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$350	TotalRevenueColumnAmt
Exclusion	-$350	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,479,986	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$231,992	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$778,343	TotalAmt
Program Services	$778,343	ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$43,691	TotalAmt
Management And General	$43,691	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$117,177	TotalAmt
Fundraising	$117,177	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$174,738	TotalAmt
Management And General	$174,738	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,113,949	TotalAmt
Program Services	$778,343	ProgramServicesAmt
Management And General	$218,429	ManagementAndGeneralAmt
Fundraising	$117,177	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$2,509,298	BOYAmt
EOY	$2,567,815	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$3,669,429	BOYAmt
EOY	$351,035	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$15,752,356	BOYAmt
EOY	$17,741,535	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$21,931,083	BOYAmt
EOY	$20,660,385	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
EOY	$92,149	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
EOY	$2,285	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$94,434	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,125,172	BOYAmt
EOY	$1,567,950	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$19,805,911	BOYAmt
EOY	$18,998,001	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$21,931,083	BOYAmt
EOY	$20,565,951	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$21,931,083	BOYAmt
EOY	$20,660,385	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$366,037	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$1,072,845	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$2,804,014	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
College Organization	Yes (X)	CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$4,708,968	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,283,379	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,139,844	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,992,437	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,247,994	CurrentTaxYearAmt
Total	$10,372,622	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$4,708,968	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,283,379	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,139,844	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,992,437	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,247,994	CurrentTaxYearAmt
Total	$10,372,622	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$1,803,899	SubstantialContributorsTotAmt
Public Support Total170	$8,568,723	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,077,556	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,207,474	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$903,646	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$532,242	CurrentTaxYearMinus1YearAmt
Current Tax Year	$232,342	CurrentTaxYearAmt
Total	$3,953,260	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$14,325,882	TotalSupportAmt
Public Support CY170	0.59810	PublicSupportCY170Pct
Public Support PY170	0.61390	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	0	InclEscrowCustodialAcctLiabInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$15,752,356	BeginningYearBalanceAmt
Contributions	$1,366,577	ContributionsAmt
Investment Earnings Or Losses	$1,261,146	InvestmentEarningsOrLossesAmt
Other Expenditures	$638,544	OtherExpendituresAmt
End Year Balance	$17,741,535	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$15,926,985	BeginningYearBalanceAmt
Contributions	$487,169	ContributionsAmt
Investment Earnings Or Losses	-$78,956	InvestmentEarningsOrLossesAmt
Other Expenditures	$582,842	OtherExpendituresAmt
End Year Balance	$15,752,356	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$15,081,253	BeginningYearBalanceAmt
Contributions	$564,853	ContributionsAmt
Investment Earnings Or Losses	$818,176	InvestmentEarningsOrLossesAmt
Other Expenditures	$537,297	OtherExpendituresAmt
End Year Balance	$15,926,985	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$13,740,461	BeginningYearBalanceAmt
Contributions	$616,617	ContributionsAmt
Investment Earnings Or Losses	$1,220,147	InvestmentEarningsOrLossesAmt
Other Expenditures	$495,972	OtherExpendituresAmt
End Year Balance	$15,081,253	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$11,811,372	BeginningYearBalanceAmt
Contributions	$937,343	ContributionsAmt
Investment Earnings Or Losses	$1,457,105	InvestmentEarningsOrLossesAmt
Other Expenditures	$465,359	OtherExpendituresAmt
End Year Balance	$13,740,461	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.04252	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.66704	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.29044	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	Yes (1)	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings	$0	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$2,805,396	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$1,072,845	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$296,256	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$1,369,101	RevenueNotReportedAmt
Revenue Subtotal	$1,436,295	RevenueSubtotalAmt
Investment Expenses Not Incld	$43,691	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$43,691	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,479,986	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,366,514	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$296,256	DonatedServicesUseFcltsAmt
Expenses Not Reported	$296,256	ExpensesNotReportedAmt
Expenses Subtotal	$1,070,258	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$43,691	InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt	$43,691	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,113,949	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART V, LINE 4:	THE FOUNDATION'S ENDOWMENTS ARE USED TO SUPPORT VARIOUS PROGRAM ACTIVITIES SUCH AS SCHOLARSHIPS, PROFESSORSHIPS, EDUCATION AND RESEARCH.
PART X, LINE 2:	THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. EXEMPT ORGANIZATIONS ARE SUBJECT TO TAX ON INCOME FROM REGULARLY CONDUCTED TRADE OR BUSINESS ACTIVITIES THAT ARE NOT SUBSTANTIALLY RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE. RETURNS ARE GENERALLY SUBJECT TO EXAMINATIONS FOR THREE YEARS FROM THE DATE FILED. MANAGEMENT CONTINUALLY EVALUATES TAX POSITIONS REFLECTED IN THE FOUNDATION'S TAX FILINGS AND DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST.
INTENDED USES OF ENDOWMENT FUNDS	THE FOUNDATION'S ENDOWMENTS ARE USED TO SUPPORT VARIOUS PROGRAM ACTIVITIES SUCH AS SCHOLARSHIPS, PROFESSORSHIPS, EDUCATION, AND RESEARCH

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (7 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA AND THE CARIBBEAN	INVESTMENTS	$537,524
EAST ASIA AND THE PACIFIC	INVESTMENTS	$36,565
EUROPE (INCLUDING ICELAND AND GREENLAND)	INVESTMENTS	$71,186
NORTH AMERICA	INVESTMENTS	$1,167
SOUTH ASIA	INVESTMENTS
SUB-SAHARAN AFRICA	INVESTMENTS
MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	INVESTMENTS

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$646,442	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$646,442	TotalSpentAmt
Transfer To Foreign Corp	0	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	0	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	0	PassiveForeignInvestmestCoInd
Foreign Partnership	0	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART III ACCOUNTING METHOD:	FormAndLineReferenceDesc

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA INSTITUTE OF MARINE SCIENCE	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 1346	AddressLine1Txt
City	GLOUCESTER POINT	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23062	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	546001802	RecipientEIN
IRC Section	IRC 501(C)(3)	IRCSectionDesc
Cash Grant	$778,343	CashGrantAmt
Purpose Of Grant	RESEARCH AND EDUCATION	PurposeOfGrantTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	15	ContributionCnt
Noncash Contributions Rpt F990	$101,759	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FAIR MARKET VALUE	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	THE AUDIT COMMITTEE OF THE FOUNDATION REVIEWS AND APPROVES FORM 990. AFTER APPROVAL, AN OFFICER SIGNS AND THE RETURN IS MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING
FORM 990, PART VI, SECTION B, LINE 12C	ANNUAL COMPLETION/REVIEW OF CONFLICT OF INTEREST DISCLOSURE STATEMENT.
FORM 990, PART VI, SECTION B, LINE 15	VIMS FOUNDATION HAS NO EMPLOYEES. THE VIMS FOUNDATION PROVIDES NO COMPENSATION TO PERSONS IN QUESTIONS 15A AND 15B. FOUNDATION WORK IS DONE BY EMPLOYEES OF VIMS/COLLEGE OF WILLIAM AND MARY
FORM 990, PART VI, SECTION C, LINE 19	THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
FORM 990, PART IX, LINE 11G	CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 117,177. TOTAL EXPENSES 117,177.
FORM 990, PART XI, LINE 9:	WRITE OFF OF UNCOLLECTIBLE PLEDGE RECEIVABLE -2,804,014.
AMENDED RETURN	THE RETURN IS BEING AMENDED TO REPORT THE WRITE OFF OF AN UNCOLLECTIBLE PLEDGE RECEIVABLE FOR $2,804,014 AS A RECONILIATION OF NET ASSET ITEM ON PART XI PAGE 12 OF THE FORM 990 INSTEAD OF PART IX PAGE 10 AS AN ADMINSTRATIVE EXPENSE. THE INSTRUCTIONS TO FORM 990 INDICATE THAT BAD DEBT EXPENSE AND WRITE-OFFS OF UNCOLLECTIBLE PLEDGES SHOULD BE REPORTED AS A RECONCILIATION ITEM FOR NET ASSETS ON PAGE 12 AND NOT A FUNCTIONAL EXPENSE.