2023-01-26T17:50:42-06:00 2021-06-30 540737372 PBMARES LLP 4801 COURTHOUSE ST SUITE 128 WILLIAMSBURG VA 23188 990 2020-07-01 542027915 VIRGINIA INSTITUTE OF MARINE SCIENCE FDN VIRG 8046847107 PO BOX 1346 GLOUCESTER POINT VA 23062 LINDA RUDY CFO 8046847107 2023-01-17 1 LINDA RUDY 999009999 EDWARD T YODER CPA P00239134 7572297180 2023-01-17 X 2 AAL1 IAL1 2020 2023-03-07 01:45:13Z X LINDA RUDY PO BOX 1346 GLOUCESTER POINT VA 23062 35006283 0 X WWW.VIMS.EDU X NON STOCK CORP 2000 VA PROMOTES PHILANTHROPY FOR THE VIRGINIA INSTITUTE OF MARINE SCIENCE & PROVIDES STEWARDSHIP OF THOSE RESOURCES TO SUPPORT VIMS' MISSION OF RESEARCH, EDUCATION AND ADVISORY SERVICE 17 17 0 17 0 0 1992437 1247994 0 0 531034 231992 0 0 2523471 1479986 871455 778343 0 0 0 0 0 0 117177 328779 335606 1200234 1113949 1323237 366037 21931083 20660385 0 94434 21931083 20565951 X 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 0 0 778343 778343 SUPPORT FOR THE VIRGINIA INSTITUTE OF MARINE SCIENCE IN PURSUIT OF ITS MISSION OF RESEARCH, EDUCATION AND ADVISORY SERVICES 778343 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AK AZ AR CA CO DC HI IL ME MD MA MI MN MS NH NJ NM NY OH OK OR SC UT WA X X SIDNE PRESSEY VIMS FOUNDATION 8046847000 1375 GREATE RD GLOUCESTER VA 23062 X ELIZABETH LOUISE ANDERSON PHD BOARD MEMBER 2.00 X 0 0 0 JAMES A CARLETON BOARD MEMBER 2.00 X 0 0 0 JOHN PAUL CAUSEY JR BOARD MEMBER 2.00 X 0 0 0 PHYLLIS L COTHRAN PAST-PRESIDENT 2.00 X X 0 0 0 ADRIAN G DUPLANTIER JR BOARD MEMBER 2.00 X 0 0 0 MICHELA ENGLISH BOARD MEMBER 2.00 X 0 0 0 RICHARD J HILL BOARD MEMBER 2.00 X 0 0 0 HENRY R HORTENSTINE III TREASURER 10.00 X X 0 0 0 WAYNE K JOHNSON JR BOARD MEMBER 2.00 X 0 0 0 JEANETTE MCKITTRICK BOARD MEMBER 2.00 X 0 0 0 DAVID NELSON MEEKER BOARD MEMBER 2.00 X 0 0 0 CHARLES JOSEPH NATALE BOARD MEMBER 2.00 X 0 0 0 CARROLL WALLACE OWENS III BOARD MEMBER 2.00 X 0 0 0 WILLIAM J STRICKLAND ESQ PRESIDENT 10.00 X X 0 0 0 ANNE G WALESKI VICE-PRESIDENT 10.00 X X 0 0 0 ANNE MARIE WHITTEMORE SECRETARY 4.00 X X 0 0 0 SAMUEL S PROCTOR BOARD MEMBER 2.00 X 0 0 0 AMY FISHER EXECUTIVE DIRECTOR 20.00 X 0 0 0 DR JOHN WELLS EX-OFFICIO 2.00 X 0 0 0 BETTY BARRACK DIRECTOR OF FINANCIAL OPS 8.00 X 0 0 0 0 0 0 0 0 0 0 0 1247994 101759 1247994 232342 232342 33525947 33526297 -350 -350 -350 1479986 0 0 231992 X 778343 778343 43691 43691 117177 117177 174738 174738 1113949 778343 218429 117177 2509298 2567815 3669429 351035 15752356 17741535 21931083 20660385 92149 2285 0 94434 X 2125172 1567950 19805911 18998001 21931083 20565951 21931083 20660385 X 366037 1072845 -2804014 X 0 1 X 1 0 X 4708968 1283379 1139844 1992437 1247994 10372622 4708968 1283379 1139844 1992437 1247994 10372622 1803899 8568723 1077556 1207474 903646 532242 232342 3953260 14325882 0.59810 0.61390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 15752356 1366577 1261146 638544 17741535 15926985 487169 -78956 582842 15752356 15081253 564853 818176 537297 15926985 13740461 616617 1220147 495972 15081253 11811372 937343 1457105 465359 13740461 0.04252 0.66704 0.29044 1 0 0 X 2805396 1072845 296256 1369101 1436295 43691 43691 1479986 1366514 296256 296256 1070258 43691 43691 1113949 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 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 537524 EAST ASIA AND THE PACIFIC INVESTMENTS 36565 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENTS 71186 NORTH AMERICA INVESTMENTS 1167 SOUTH ASIA INVESTMENTS SUB-SAHARAN AFRICA INVESTMENTS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, INVESTMENTS 0 0 0 0 0 0 646442 0 646442 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 0 VIRGINIA INSTITUTE OF MARINE SCIENCE P O BOX 1346 GLOUCESTER POINT VA 23062 546001802 IRC 501(C)(3) 778343 RESEARCH AND EDUCATION X 15 101759 FAIR MARKET VALUE 0 1 0 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.