2011-05-16T12:41:25-04:00 2010-06-30 MCPHILLIPS ROBERTS & DEANS PLC 150 BOUSH STREET SUITE 1100 NORFOLK VA 23510 990 2009-07-01 542027915 VIRGINIA INSTITUTE OF MARINE SCIENCE FDN VIRG 8046847107 PO BOX 1346 GLOUCESTER POINT VA 23062 CARROLL W OWENS JR 8046847107 2011-05-12 7576407190 2009 2016-02-24 21:20:13Z CARROLL W OWENS JR 1208 GREATE RD GLOUCESTER POINT VA 23062 504332 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. 10 10 0 10 431 606529 417903 0 0 11483 86429 0 0 618012 504332 634017 630497 0 0 0 0 0 0 0 44155 52596 678172 683093 -60160 -178761 6678562 7231459 16528 6678562 7214931 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 630497 SUPPORT FOR THE VIRGINIA INSTITUTE OF MARINE SCIENCE IN PURSUIT OF ITS MISSION OF RESEARCH, EDUCATION AND ADVISORY SERVICES. 630497 true true false false false false false true true true true false 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 true 0 0 true 0 true true true AV VQ CJ AS CI CJ CJ VI CJ CJ false false false false false false false 10 10 true false false false false false false true true false false true true true true true true false false false X X SIDNE PRESSEY VIMS FOUNDATION 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 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 CAROLYN RIDGWAY COOK 0.2 X ANNE ALEXANDER MARSHALL 16.0 X DR JOHN T WELLS 1.0 X BETTY JONES 16.0 X 0 0 0 0 false false false 0 417903 23210 417903 0 86429 431 85998 0 0 0 0 0 0 0 504332 431 85998 630497 630497 0 0 0 0 0 0 0 0 0 0 0 17670 17670 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TAXES AND LICENSES 1199 1199 INSURANCE EXPENSE 4279 4279 BANK FEES 5939 5939 INVESTMENT EXPENSES 23006 23006 OFFICE EXPENSES 503 503 683093 630497 52596 0 703705 627443 452767 236974 5522090 6367042 6678562 7231459 16528 0 0 16528 X 260472 575325 2118572 2205338 4299518 4434268 6678562 7214931 6678562 7231459 X false true true X false X false false false VIRGINIA INSTITUTE OF MARINE SCIENCE 546001802 02 true true true 630497 1 630497 404396 465233 4059239 606529 417903 5953300 404396 465233 4059239 606529 417903 5953300 306490 5646810 63543 141697 245696 11483 86429 548848 -213 -213 6501935 0.86848 0.88627 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 5983923 243355 508794 147849 6588223 6482727 328487 -684827 142464 5983923 0.07652 0.67306 0.25042 false false 0 0 504332 683093 -178761 715130 715130 536369 1196456 715130 715130 481326 23006 23006 504332 660087 660087 23006 23006 683093 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) 630497 RESEARCH AND EDUCATION 1 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.