2017-11-10T11:00:24-06:00 2017-06-30 BDO USA LLP 150 Boush Street Suite 1100 Norfolk VA 23510 990 2016-07-01 521272309 VIRGINIA AQUARIUM & MARINE SCIENCE CENTER FDN % DONNA J ELLIS VIRG 7573850280 717 GENERAL BOOTH BOULEVARD VIRGINIA BEACH VA 23451 ELLEN O KEETER TREASURER 7573850280 2017-10-24 true James E Prince III P00559346 7576407190 162.249.80.1 54222620173145000014 2017-11-10 P 08505977A73ABA5CA944CB790B2160B81B98AE78 4B5F8544D9EDB03B949684E76446DB3AF3D38E12 2016 2017-02-10 21:41:12Z MS LYNN CLEMENTS 717 GENERAL BOOTH BOULEVARD VIRGINIA BEACH VA 23451 9142456 false X www.virginiaaquarium.com X 1981 VA TO INSPIRE CONSERVATION OF THE MARINE ENVIRONMENT THROUGH EDUCATION, RESEARCH AND SUSTAINABLE PRACTICES 70 70 0 1551 0 8133196 3789513 1536207 1687584 174358 387964 900930 1101539 10744691 6966600 0 0 0 0 883749 961018 0 0 393948 2271434 2309731 3155183 3270749 7589508 3695851 24788672 28288234 604269 511355 24184403 27776879 TO INSPIRE CONSERVATION OF THE MARINE ENVIRONMENT THROUGH EDUCATION, RESEARCH AND SUSTAINABLE PRACTICES false false 1046377 970882 EDUCATION PROGRAMS- TO PROVIDE ENGAGING EDUCATIONAL EXPERIENCES THAT MEET THE NEEDS AND EXCEED THE EXPECTATIONS OF THE AQUARIUM'S DIVERSE AUDIENCES IN ORDER TO FOSTER OCEAN LITERACY AND INSPIRE CONSERVATION ACTION. 803852 317098 EXHIBITS- TO PRODUCE ENGAGING, IMMERSIVE EXHIBITS IN ORDER TO INSPIRE CONSERVATION ACTIONS BY CREATING EMOTIONAL CONNECTIONS BETWEEN GUESTS AND THE ANIMAL COLLECTION AND ENHANCE UNDERSTANDING OF MARINE SCIENCE THROUGH HANDS-ON EXPLORATION. 827347 399604 RESEARCH AND CONSERVATION - TO CONDUCT AND SUPPORT SCIENTIFIC RESEARCH AND STEWARDSHIP INITIATIVES IN ORDER TO PRODUCE AND DISSEMINATE KNOWLEDGE LEADING TO EFFECTIVE CONSERVATION OF THE MARINE ENVIRONMENT. 2677576 true true false false false false false true false true true false false false false true true false false false false false false false true false false false false false false false false false false false false false true false false false false false false false false true 39 0 true 0 false false false false false false false false false false X 70 70 true false false false false false false true true false false true true true true true true false false false X DONNA J ELLIS 7573850280 717 GENERAL BOOTH BOULEVARD VIRGINIA BEACH VA 23451 X SCHEDULE ATTACHED DIRECTORS 0.0 0.0 X 0 0 0 0 0 0 0 false false false CITY OF VIRGINIA BEACH 2401 COURTHOUSE DRIVE VIRGINIA BEACH VA 23456 PERSONNEL & RENT 1165946 ROVER DOLPHIN TOURS PO BOX 2363 NORFOLK VA 23451 BOAT CONTRACT 361419 2 9259 3780254 924 3789513 EDUCATION PROGRAMS 900099 970882 970882 TEMPORARY EXHIBITS 900099 317098 317098 RESEARCH AND CONSERVATION 900099 399604 399604 1687584 106292 106292 0 0 108302 83523 24779 0 24779 24779 2194171 188 1898377 14310 295794 -14122 281672 281672 349282 179646 169636 169636 0 0 0 0 0 0 RESTAURANT INCOME 722210 188992 188992 PHOTO CONCESSIONS 900099 323089 323089 ADVENTURE PARK 713110 379171 379171 15872 15872 907124 6966600 1687584 1489503 0 0 0 0 0 0 726344 550732 32210 143402 0 182213 124330 10176 47707 52461 40403 2246 9812 0 0 0 0 0 0 0 35431 23157 7138 5136 0 0 0 62654 62654 27466 23044 1557 2865 0 11549 1597 6174 3778 0 0 592008 581378 5787 4843 29859 21415 8444 CONTRACTED SERVICES 1083292 904602 25169 153521 SUPPLIES 117182 89496 22616 5070 PROFESSIONAL DEVELOPMENT 82209 80647 1235 327 CONSERVATION SUPPORT 33280 33280 234801 140841 76473 17487 3270749 2677576 199225 393948 X 0 0 5021036 6463638 7302299 7607515 444527 576556 0 0 0 0 0 0 0 0 1620 89104 18379119 7369608 9662822 11009511 2346368 2531910 10000 10000 0 0 0 0 0 0 24788672 28288234 447495 414261 0 0 156774 97094 0 0 0 0 0 0 0 0 0 0 0 0 604269 511355 X 11858818 13895520 10278399 11816404 2047186 2064955 24184403 27776879 24788672 28288234 3695851 -103375 X false true X true false X 691559 660336 940396 8133196 3789513 14215000 0 0 691559 660336 940396 8133196 3789513 14215000 6476658 7738342 132402 129956 241250 233798 214594 952000 0 517498 567157 846460 872966 1076760 3880841 19047841 7636603 0.40626 0.41505 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 2251514 17769 262627 83490 2448420 2440663 25 -93840 95334 2251514 2639144 25455 21981 245917 2440663 2406998 19706 330010 117570 2639144 2247741 0 268538 109281 2406998 0.84330 0.15670 114727 50189 64538 18264392 7319419 10944973 11009511 0 0 8228834 -103375 1285942 79667 1262234 6966600 6966600 4631106 1285941 74416 1360357 3270749 3270749 RECONCILIATION, Sch D, Parts XI Line 2D, and XII line 2D REVENUE: RENTAL EXPENSE OF $83,523 REPORTED ON PART VIII LINE 6B, NET OF FINANCIAL SERVICE FEES OF $17,978 REPORTED ON PART IX LINE 24E, PLUS LOSS ON SALE OF FIXED ASSETS OF $14,122 SHOWN AS EXPENSE ON THE FINANCIAL STATEMENTS, BUT REPORTED ON PART I, LINE 10 AS INVESTMENT INCOME. EXPENSES:RENTAL EXPENSE OF $83,523 REPORTED ON PART VIII LINE 6B, NET OF FINANCIAL SERVICE FEES OF $17,978 AND NET OF ANIMAL COLLECTION OF $5,251, BOTH ITEMS REPORTED ON PART IX LINE 24E. LOSS ON SALE OF FIXED ASSETS OF $14,122 SHOWN AS EXPENSE ON THE FINANCIAL STATEMENTS, BUT REPORTED ON PART I, LINE 10 AS INVESTMENT INCOME. ANIMAL COLLECTIONS, Sch D, Part III Line 1A In accordance with industry practice, the Foundation's collections of marine animals are not capitalized and recognized as assets in the statements of financial position. The Foundation holds its collections for public exhibition, education and research rather than for financial gain. It protects, cares for, preserves and keeps its collections unencumbered. Additionally, it is impracticable to attempt to assign values to the collection because the animals have certain attributes, such as species, sex, age, breeding potential, and relationship to others in the ecosystem that make it difficult to determine an objective basis for valuation. The value of collection items purchased by the Foundation is reported in the statement of activities as collections. Contributed collection items are not reflected in the financial statements. EXEMPT PURPOSE, Sch D, part III line 4 THE CITY OF VIRGINIA BEACH OWNS AND OPERATES THE VIRGINIA AQUARIUM FACILITY. THE VIRGINIA AQUARIUM & MARINE SCIENCE CENTER FOUNDATION, INC. OWNS THE AQUARIUM EXHIBITS, CONDUCTS EDUCATIONAL PROGRAMS, DIRECTS RESEARCH AND CONSERVATION EFFORTS, AND FUND RAISING ACTIVITIES FOR THE AQUARIUM. FINANCIAL RESULTS FROM THE AQUARIUM FUND ARE REPORTED IN ACCORDANCE WITH THE REQUIREMENTS OF THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD. SINCE ITS OPENING IN 1986, VIRGINIA AQUARIUM & MARINE SCIENCE CENTER'S MISSION HAS BEEN TO INCREASE THE PUBLIC'S KNOWLEDGE AND APPRECIATION OF VIRGINIA'S MARINE ENVIRONMENT AND INSPIRE COMMITMENT TO PRESERVE ITS EXISTENCE. RECOGNIZING THAT MARINE CONSERVATION EXTENDS WELL BEYOND VIRGINIA'S SHORES, THE AQUARIUM ANNOUNCED IN 2011 THAT IT WOULD EXPAND ITS FOCUS TO INSPIRE CONSERVATION OF THE MARINE ENVIRONMENT THROUGH EDUCATION, RESEARCH, AND SUSTAINABLE PRACTICES. AT A NEWS CONFERENCE HELD IN HONOR OF ITS 25TH ANNIVERSARY, THE AQUARIUM UNVEILED ITS PLANS FOR FUTURE EXPANSION AND DEVELOPMENT IN 1200 ACRES ALONG OWLS CREEK. THE PROPOSED DESIGN INCLUDES A MARINE ANIMAL CARE CENTER TO THE NORTH OF THE AQUARIUM'S MARSH PAVILION, FOR WHICH THE CITY OF VIRGINIA BEACH HAS ALREADY SECURED TWO AND A HALF ACRES, AS WELL AS EXTENDED WETLAND TRAILS IN THE MARSHVIEW AREA TO THE WEST OF OWLS CREEK. WITH THE EXPANSION, THE VIRGINIA AQUARIUM IS UNIQUELY POSITIONED TO BECOME A MAJOR RESEARCH FACILITY IN THE INTERNATIONAL AREA OF CLIMATE CHANGE AND SEA LEVEL RISE. THE COLLECTION OF ANIMALS ENABLES THE FOUNDATION TO ATTRACT THE PUBLIC TO BUY TICKETS IN ORDER TO INSPIRE CONSERVATION OF THE MARINE ENVIRONMENT THROUGH EDUCATION, RESEARCH AND SUSTAINABLE PRACTICES. AZA-SANCTIONED BREEDING PROGRAMS FOR ENDANGERED SPECIES, SUCH AS TOMISTOMA CROCODILES, ENABLES STAFF TO CONDUCT IMPORTANT RESEARCH FOR INTERNATIONAL CONSERVATION, AND THEY ARE ONE OF THE "SIGNATURE" COLLECTION ANIMALS WHICH ENCOURAGE VISITORS TO CONTRIBUTE DIRECTLY TO CONSERVATION AT POINT OF PURCHASE. FIN 48 TAX POSITIONS, Sch D, Part X, line 2 Management continually evaluates tax positions reflected in the Foundation's tax filings and does not believe that any material uncertain tax positions exist. AUCTION 186834 186834 109370 TOURNAMENT 66513 66513 20790 1 95935 95935 49486 349282 349282 179646 179646 169636 X Supplies 2 924 FMV false false false FAMILY RELATIONSHIP, FORM 990, PART VI LINE 2 BOARD MEMBER, MR THOMAS FRAIM IS THE FATHER OF MR THOMAS FRAIM, JR., CHAIRMAN OF THE BOARD. REVIEW OF FORM 990, FORM 990, PART VI LINE 11 THE FORM 99O IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS, REVIEWED IN DETAIL BY THE DIRECTOR OF FINANCE AND THE BOARD OF TRUSTEES, AND SIGNED BY THE EXECUTIVE DIRECTOR. CONFLICT OF INTEREST, FORM 990, PART VI LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN ANNUAL STATEMENTS TO DISCLOSE POSSIBLE CONFLICTS OF INTERESTS. AVAILABLE TO PUBLIC, FORM 990 PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1023 AND ANNUAL FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES, FORM 990, PART XI LINE 5 UNREALIZED LOSS ON INVESTMENTS $103,375