2012-05-14T12:14:27-04:00 2011-06-30 MCPHILLIPS ROBERTS & DEANS PLC 150 BOUSH STREET SUITE 1100 NORFOLK VA 23510 990 2010-07-01 542027915 VIRGINIA INSTITUTE OF MARINE SCIENCE FDN VIRG 8046847107 PO BOX 1346 GLOUCESTER POINT VA 23062 CARROLL W OWENS JR 8046847107 2012-05-07 WALTER J ROE 7576407190 2010 2016-02-24 21:20:13Z CARROLL W OWENS JR 1208 GREATE RD GLOUCESTER POINT VA 23062 1264361 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 4168 2169 417903 1075795 0 0 86429 188566 0 0 504332 1264361 630497 565514 0 0 0 0 0 0 3384 52596 63631 683093 629145 -178761 635216 7231459 8622917 16528 0 7214931 8622917 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 565514 SUPPORT FOR THE VIRGINIA INSTITUTE OF MARINE SCIENCE IN PURSUIT OF ITS MISSION OF RESEARCH, EDUCATION AND ADVISORY SERVICES. 565514 true true 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 true 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 AK AZ AR CA CO DC HI IL ME MD MA MI MN MS NH NJ NM NY OH OK OR SC UT VA WA X X SIDNE PRESSEY VIMS FOUNDATION 8046842003 1208 GREATE RD GLOUCESTER POINT VA 23062 X 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 L D 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 ALEXANDER MARSHALL 16.0 X 0 0 0 DR JOHN T WELLS 1.0 X 0 0 0 BETTY JONES 16.0 X 0 0 0 0 0 0 0 false false false 0 1075795 45352 1075795 0 188566 4168 184398 0 0 0 0 0 0 0 1264361 4168 184398 565514 565514 0 0 0 0 0 0 0 0 0 0 0 16800 16800 4620 4620 0 0 10604 7220 3384 0 1653 1653 0 0 0 0 0 0 0 0 0 0 TAXES AND LICENSES 0 0 INSURANCE EXPENSE 0 0 BANK FEES 0 0 INVESTMENT EXPENSES 29954 29954 OFFICE EXPENSES 0 0 629145 565514 60247 3384 627443 585646 236974 695489 6367042 7341782 7231459 8622917 16528 0 16528 0 X 575325 947947 2205338 2856519 4434268 4818451 7214931 8622917 7231459 8622917 X 635216 772770 X false true true X false X false false false VIRGINIA INSTITUTE OF MARINE SCIENCE 546001802 02 true 0 1 465233 4059239 606529 417903 1075795 6624699 465233 4059239 606529 417903 1075795 6624699 772422 5852277 141697 245696 11483 86429 188566 673871 -213 -213 7298357 0.80186 0.86848 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6588223 396228 616459 159542 7441368 5983923 243355 508794 147849 6588223 6482727 328487 -684827 142464 5983923 0.07480 0.64760 0.27760 true false 0 0 1264361 629145 635216 772770 772770 1407986 2007177 772770 772770 1234407 29954 29954 1264361 599191 599191 29954 29954 629145 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) 565514 RESEARCH AND EDUCATION 1 X 4 45352 FAIR VALUE 0 false true false 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. UNREALIZED GAIN FORM 990 PART XI UNREALIZED GAIN ON WILLIAM AND MARY INVESTMENT TRUST ASSETS HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:E MORGAN MASSEY TITLE:IMMEDIATE PAST PRESIDENT HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ARTHUR H BRYANT II TITLE:BOARD MEMBER HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:C CHRISTIAN HALL III TITLE:BOARD MEMBER HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:A TRAVIS MASSEY TITLE:BOARD MEMBER HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JAMES E ROGERS TITLE:BOARD MEMBER HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:A THOMAS YOUNG TITLE:VICE-PRESIDENT HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ROBERT P ROPER JR TITLE:BOARD MEMBER HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:L D AMORY III TITLE:VIMS COUNCIL CHAIR HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:HENRY H GEORGE TITLE:TREASURER HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:GUILFORD D WARE TITLE:SECRETARY HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CARROLL W OWENS JR TITLE:PRESIDENT HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ANNE ALEXANDER MARSHALL TITLE:EXECUTIVE DIRECTOR HOURS:16 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:DR JOHN T WELLS TITLE:EX-0FFICIO HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:BETTY JONES TITLE:DIRECTOR OF FINANCIAL OPS HOURS:16