2013-05-14T15:05:06-05:00 2012-06-30 MCPHILLIPS ROBERTS & DEANS PLC 150 BOUSH STREET SUITE 1100 NORFOLK VA 23510 990 2011-07-01 542027915 VIRGINIA INSTITUTE OF MARINE SCIENCE FDN % SIDNE PRESSEY VIMS FOUNDATIO VIRG 8046847107 PO BOX 1346 GLOUCESTER POINT VA 23062 GUILFORD D WARE 2013-05-14 true JAMES E PRINCE III 7576407190 2011 2016-02-24 21:20:13Z A THOMAS YOUNG 1208 GREATE RD GLOUCESTER POINT VA 23062 1715209 false X N/A X NON-STOCK CORP 2000 VA 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. 11 11 0 1056 -2252 1075795 1503922 0 0 188566 211287 0 0 1264361 1715209 565514 558300 0 0 0 0 0 0 22623 63631 116510 629145 674810 635216 1040399 8622917 9431090 0 33712 8622917 9397378 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. false false 558300 SUPPORT FOR THE VIRGINIA INSTITUTE OF MARINE SCIENCE IN PURSUIT OF ITS MISSION OF RESEARCH, EDUCATION AND ADVISORY SERVICES. 558300 true true false false false false false false false true false false false false false true true true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true 0 0 0 true true true AV false false false false false false false false X 11 11 true false false false false false false true true false false true true true true true true false false false 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 FOUNDATIO 8046842003 1208 GREATE RD GLOUCESTER POINT VA 23062 X E MORGAN MASSEY 0.2 X 0 0 0 ARTHUR H BRYANT II 0.2 X 0 0 0 C CHRISTIAN HALL III 0.2 X 0 0 0 A TRAVIS MASSEY 0.2 X 0 0 0 JAMES E ROGERS 0.2 X 0 0 0 A THOMAS YOUNG 0.2 X 0 0 0 ROBERT P ROPER JR 0.2 X 0 0 0 LD AMORY III 0.2 X 0 0 0 HENRY H GEORGE 1.0 X 0 0 0 GUILFORD D WARE 0.2 X 0 0 0 CARROLL W OWENS JR 1.0 X 0 0 0 ANNE MARSHALL 16.0 X 0 0 0 DR JOHN T WELLS 1.0 X 0 0 0 BETTY BARRACK 16.0 X 0 0 0 0 0 0 0 false false false 0 1503922 13717 1503922 0 211287 1056 210231 0 0 0 0 0 0 0 1715209 1056 210231 558300 558300 0 0 0 0 0 0 0 0 0 0 8555 8555 16185 16185 0 0 0 30891 8268 22623 0 32105 32105 0 0 0 0 0 0 0 0 0 0 INVESTMENT EXPENSES 28774 28774 674810 558300 93887 22623 0 0 585646 520414 695489 728198 0 0 0 0 0 0 0 0 0 0 0 0 0 7341782 8182478 0 0 0 0 0 0 0 0 8622917 9431090 0 33712 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33712 X 947947 817149 2856519 2518470 4818451 6061759 8622917 9397378 8622917 9431090 X 1040399 -265938 X false true true X false X false false false VIRGINIA INSTITUTE OF MARINE SCIENCE 546001802 02 true 0 1 4059239 606529 417903 1075795 1503922 7663388 4059239 606529 417903 1075795 1503922 7663388 1336702 6326686 245696 11483 86429 188566 211287 743461 -213 -213 8406636 0.75258 0.91961 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 7341782 1198391 -83424 274271 8182478 6588223 228039 685062 159542 7341782 5983923 243355 508794 147849 6588223 6482727 328487 -684827 142464 5983923 0.06940 0.23060 0.70000 true false 0 0 1715209 674810 1040399 -265938 -265938 774461 1420496 -265938 -265938 1686434 28775 28775 1715209 646035 646035 28775 28775 674810 INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, 4 THE FOUNDATION'S ENDOWMENTS ARE USED TO SUPPORT VARIOUS PROGRAM ACTIVITIES SUCH AS SCHOLARSHIPS, PROFESSORSHIPS, EDUCATION, AND RESEARCH. FIN 48 SCHEDULE D, PART X MANAGEMENT CONTINUALLY EVALUATES TAX POSITIONS REFLECTED IN THE FOUNDATION'S TAX FILINGS AND DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST. false VIRGINIA INSTITUTE OF MARINE SCIENCE P O BOX 1346 GLOUCESTER POINT VA 23062 546001802 IRC 501(c)(3) 558300 RESEARCH AND EDUCATION COMPLIANCE WITH CONFLICT OF INTEREST POLICY PART VI, SECTION B, 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. COMPENSATION PART VI, SECTION B, 15A AND 15B 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. GOVERNING DOCUMENTS PART VI, SECTION C, QUESTION 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FAMILY RELATIONSHIP OF BOARD MEMBERS 990 PART VI, SECTION A, 2 E. MORGAN MASSEY WHO IS ON THE BOARD AND IS A PAST PRESIDENT IS THE UNCLE OF TRAVIS MASSEY WHO IS ALSO A BOARD MEMBER. SIGNIFICANT CHANGES FORM 990 PART VI SECTION A LINE 4 THE ORGANIZATION UPDATED ITS MISSION STATEMENT. FORM 990 REVIEW PART VI SECTION B [POLICIES] LINE 11 THE PRESIDENT, TREASURER, AND SECRETARY OF THE FOUNDATION REVIEW AND APPROVE FORM 990. AFTER APPROVAL, AND PRIOR TO FILING THE RETURN, THE FULL BOARD OF DIRECTORS REVIEW FORM 990 AT A REGULAR MEETING. IF FORM 990 CANNOT BE REVIEWED AT A REGULAR MEETING PRIOR TO FILING BECAUSE OF TIMING, THE BOARD REVIEWS THE RETURN VIA MAIL OR CONFERENCE CALL.