VIRGINIA INSTITUTE OF MARINE SCIENCE FOUNDATION: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization: VIRGINIA INSTITUTE OF MARINE SCIENCE FOUNDATION (EIN 54-2027915)
Tax period: 2009-07-01 to 2010-06-30
Filed: 2011-05-16
IRS object ID: 201111369349303076
Schema version: 2009v1.7
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 I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-05-16T12:41:25-04:00	Timestamp
Tax Period End Date	2010-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MCPHILLIPS ROBERTS & DEANS PLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	150 BOUSH STREET SUITE 1100	AddressLine1
City	NORFOLK	City
State	VA	State
ZIP Code	23510	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2009-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	542027915	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA INSTITUTE OF MARINE SCIENCE FDN	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	VIRG	NameControl
Phone	8046847107	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1346	AddressLine1
City	GLOUCESTER POINT	City
State	VA	State
ZIP Code	23062	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	CARROLL W OWENS JR	Name
Title	PRESIDENT	Title
Phone	8046847107	Phone
Date Signed	2011-05-12	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	7576407190	Phone

Field	Value	IRS element (for citing)
Tax Year	2009	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	CARROLL W OWENS JR	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1208 GREATE RD	AddressLine1
City	GLOUCESTER POINT	City
State	VA	State
ZIP Code	23062	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	504332	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	NON-STOCK CORP	TypeOfOrgOtherDescription
Year Formation	2000	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	10	TotalNbrVolunteers
Total Gross UBI	431	TotalGrossUBI
Contributions Grants Prior Year	606529	ContributionsGrantsPriorYear
Contributions Grants Current Year	417903	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	0	ProgramServiceRevenuePriorYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	11483	InvestmentIncomePriorYear
Investment Income Current Year	86429	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	618012	TotalRevenuePriorYear
Total Revenue Current Year	504332	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	634017	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	630497	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	0	SalariesEtcPriorYear
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	44155	OtherExpensePriorYear
Other Expenses Current Year	52596	OtherExpensesCurrentYear
Total Expenses Prior Year	678172	TotalExpensesPriorYear
Total Expenses Current Year	683093	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-60160	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-178761	RevenuesLessExpensesCY
Total Assets BOY	6678562	TotalAssetsBOY
Total Assets EOY	7231459	TotalAssetsEOY
Total Liabilities EOY	16528	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	6678562	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	7214931	NetAssetsOrFundBalancesEOY
Mission Description	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.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	630497	Expense
Description	SUPPORT FOR THE VIRGINIA INSTITUTE OF MARINE SCIENCE IN PURSUIT OF ITS MISSION OF RESEARCH, EDUCATION AND ADVISORY SERVICES.	Description
Total Program Service Expense	630497	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	true	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Balance Sheet Amounts Reported	true	BalanceSheetAmountsReported
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	true	ForeignFinancialAccount
Name Of Foreign Country	AV	NameOfForeignCountry
Name Of Foreign Country	VQ	NameOfForeignCountry
Name Of Foreign Country	CJ	NameOfForeignCountry
Name Of Foreign Country	AS	NameOfForeignCountry
Name Of Foreign Country	CI	NameOfForeignCountry
Name Of Foreign Country	CJ	NameOfForeignCountry
Name Of Foreign Country	CJ	NameOfForeignCountry
Name Of Foreign Country	VI	NameOfForeignCountry
Name Of Foreign Country	CJ	NameOfForeignCountry
Name Of Foreign Country	CJ	NameOfForeignCountry
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Nbr Voting Governing Body Members	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	10	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	SIDNE PRESSEY VIMS FOUNDATION	NamePerson
Telephone Number	8046842003	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1208 GREATE RD	AddressLine1
City	GLOUCESTER POINT	City
State	VA	State
ZIP Code	23062	ZIPCode

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

Form990 Part VII Section A Form990PartVIISectionA (14 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Key EmployeeKeyEmployee
E MORGAN MASSEY
IMMEDIATE PAST PRESIDENT	0.2	X	0	0	0
ARTHUR H BRYANT II
BOARD MEMBER	0.2	X	0	0	0
C CHRISTIAN HALL III
BOARD MEMBER	0.2	X	0	0	0
A TRAVIS MASSEY
BOARD MEMBER	0.2	X	0	0	0
JAMES E ROGERS
BOARD MEMBER	0.2	X	0	0	0
A THOMAS YOUNG
NOMINATING COMMITTEE CHAIR	0.2	X	0	0	0
ROBERT P ROPER JR
VIMS COUNCIL CHAIR	0.2	X	0	0	0
HENRY H GEORGE
TREASURER	1.0		0	0	0	X
GUILFORD D WARE
SECRETARY	0.2		0	0	0	X
CARROLL W OWENS JR
PRESIDENT	1.0		0	0	0	X
CAROLYN RIDGWAY COOK
CFO	0.2						X
ANNE ALEXANDER MARSHALL
EXECUTIVE DIRECTOR	16.0						X
DR JOHN T WELLS
EX-0FFICIO	1.0						X
BETTY JONES
DIRECTOR OF FINANCIAL OPS	16.0						X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	0	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
All Other Contributions	417903	AllOtherContributions
Noncash Contributions	23210	NoncashContributions
Total Contributions	417903	TotalContributions
Total Program Service Revenue	0	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	86429	TotalRevenueColumn
Unrelated Business Revenue	431	UnrelatedBusinessRevenue
Exclusion	$85,998	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Other Revenue	0	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	504332	TotalRevenueColumn
Unrelated Business Revenue	431	UnrelatedBusinessRevenue
Exclusion	$85,998	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	630497	Total
Program Services	630497	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	0	Total

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	0	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	0	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	0	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	17670	Total
Management And General	17670	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	0	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	0	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	0	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	0	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral
TAXES AND LICENSES	1199	1199
INSURANCE EXPENSE	4279	4279
BANK FEES	5939	5939
INVESTMENT EXPENSES	23006	23006
OFFICE EXPENSES	503	503

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	683093	Total
Program Services	630497	ProgramServices
Management And General	52596	ManagementAndGeneral
Fundraising	0	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	703705	BOY
EOY	627443	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	452767	BOY
EOY	236974	EOY

Field	Value	IRS element (for citing)
Accounts Receivable		AccountsReceivable

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	5522090	BOY
EOY	6367042	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	6678562	BOY
EOY	7231459	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
EOY	16528	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
EOY	0	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	16528	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	260472	BOY
EOY	575325	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2118572	BOY
EOY	2205338	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	4299518	BOY
EOY	4434268	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	6678562	BOY
EOY	7214931	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	6678562	BOY
EOY	7231459	EOY

Field	Value	IRS element (for citing)
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
College Support Org170b1 Aiv	X	CollegeSupportOrg170b1Aiv
Contrib By Controlling Individual	false	ContribByControllingIndividual
Contribution By Related Party	false	ContributionByRelatedParty
Contrib By35 Controlled Entity	false	ContribBy35ControlledEntity

Supported Org Information SupportedOrgInformation

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA INSTITUTE OF MARINE SCIENCE	BusinessNameLine1

Field	Value	IRS element (for citing)
EIN	546001802	EIN
Type Of Organization	02	TypeOfOrganization
Listed In Governing Doc	true	ListedInGoverningDoc
Supported Organization Notified	true	SupportedOrganizationNotified
Organized In US	true	OrganizedInUS
Amount	$630,497	Amount

Field	Value	IRS element (for citing)
Total Number Of Supported Orgs	1	TotalNumberOfSupportedOrgs
Sum Of Amounts	630497	SumOfAmounts

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	404396	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	465233	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	4059239	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	606529	CurrentTaxYearMinus1Year
Current Tax Year	417903	CurrentTaxYear
Total	5953300	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	404396	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	465233	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	4059239	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	606529	CurrentTaxYearMinus1Year
Current Tax Year	417903	CurrentTaxYear
Total	5953300	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	306490	AmountsSubstContributorsTotal
Public Support Total170	5646810	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	63543	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	141697	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	245696	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	11483	CurrentTaxYearMinus1Year
Current Tax Year	86429	CurrentTaxYear
Total	548848	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	-213	CurrentTaxYearMinus2Years
Total	-213	Total

Field	Value	IRS element (for citing)
Total Support	6501935	TotalSupport
Public Support Pertcentage170	0.86848	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.88627	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

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

Contributor Address US ContributorAddressUS

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)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amts		ArtPublicExhibitionAmts
Held Works Of Art Amts		HeldWorksOfArtAmts
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	5983923	BeginningOfYearBalance
Contributions	243355	Contributions
Investment Earnings Or Losses	508794	InvestmentEarningsOrLosses
Other Expenditures	147849	OtherExpenditures
End Of Year Balance	6588223	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	6482727	BeginningOfYearBalance
Contributions	328487	Contributions
Investment Earnings Or Losses	-684827	InvestmentEarningsOrLosses
Other Expenditures	142464	OtherExpenditures
End Of Year Balance	5983923	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.07652	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.67306	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.25042	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Land		Land
Buildings		Buildings
Leasehold Improvements		LeaseholdImprovements
Equipment		Equipment
Other Land Buildings		OtherLandBuildings
Federal Income Tax Liability	0	FederalIncomeTaxLiability
Total Of Amounts	0	TotalOfAmounts
Total Revenue	504332	TotalRevenue
Total Expenses	683093	TotalExpenses
Excess Or Deficit For Year	-178761	ExcessOrDeficitForYear
Net Unrealized GL On Investments	715130	NetUnrealizedGLOnInvestments
Total Adjustments	715130	TotalAdjustments
Excess Or Deficit Per FS	536369	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	1196456	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	715130	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	715130	RevenueNotRptdF990
Revenue Subtotal	481326	RevenueSubtotal
Investment Expenses Not Included	23006	InvestmentExpensesNotIncluded
Revenue Not Rptd On Fin Stmt	23006	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	504332	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	660087	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	660087	ExpensesSubtotal
Investment Expenses Not Included2	23006	InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt	23006	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	683093	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
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.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	false	RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA INSTITUTE OF MARINE SCIENCE	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	P O BOX 1346	AddressLine1
City	GLOUCESTER POINT	City
State	VA	State
ZIP Code	23062	ZIPCode

Field	Value	IRS element (for citing)
EIN Of Recipient	546001802	EINOfRecipient
IRC Section	IRC 501(c)(3)	IRCSection
Amount Of Cash Grant	630497	AmountOfCashGrant
Purpose Of Grant	RESEARCH AND EDUCATION	PurposeOfGrant

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	1	TotalNbrOf501C3AndGovtGrants

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
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.