Form 990 for tax year 2023
Filed by VIRGINIA INSTITUTE OF MARINE SCIENCE FOUNDATION.
Totals
- Total revenue
- $1,973,835
- Total expenses
- $1,833,444
- Contributions and grants received
- $1,481,715
- Grants paid
- $1,321,335
- Program service revenue
- $0
- Investment income
- $492,120
- Other revenue
- $0
- Total assets, end of year
- $21,517,551
- Total liabilities, end of year
- $2,500
- Net assets or fund balances, end of year
- $21,515,051
- Program services expenses (Part IX)
- $1,321,335
- Management and general expenses
- $375,251
- Fundraising expenses
- $136,858
- Program service expenses (Part III)
- $1,321,335
Program services were 72.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,481,715
-
1g · Noncash contributions included above
$59,642
-
3 · Investment income
total $492,132 · excluded $492,132
-
7a · Gross sales of assets other than inventory
other assets $1,063,951
-
7b · Less cost or other basis and sales expenses
other assets $1,063,963
-
7c · Gain or loss
other assets -$12
-
7d · Net gain or loss
total -$12 · excluded -$12
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,321,335 · program services $1,321,335
-
11f · Fees: investment management
total $61,593 · management and general $61,593
-
12 · Advertising and promotion
total $136,858 · fundraising $136,858
-
13 · Office expenses
total $313,658 · management and general $313,658
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $1,631
-
2 · Savings and temporary cash investments
beginning of year $1,988,923 · end of year $1,937,991
-
3 · Pledges and grants receivable
beginning of year $1,151,146 · end of year $1,086,828
-
11 · Investments: publicly traded securities
beginning of year $15,094,533 · end of year $16,845,441
-
12 · Investments: other securities
beginning of year $1,771,416 · end of year $1,645,660
-
17 · Accounts payable and accrued expenses
end of year $2,500
-
27 · Net assets without donor restrictions
beginning of year $1,920,635 · end of year $1,966,968
-
28 · Net assets with donor restrictions
beginning of year $18,085,383 · end of year $19,548,083
Mission and programs · 2023
Mission
THE VIMS FOUNDATION ADVISES AND ASSISTS THE VIRGINIA INSTITUTE OF MARINE SCIENCE, PROMOTES PHILANTHROPY TO AND STEWARDS THE PHILANTHROPIC RESOURCES OF THE VIMS FOUNDATION, AND ITS MEMBERS ACT AS ALLIES AND AMBASSADORS TO POSITION VIMS AS THE PREEMINENT LEADER IN COASTAL AND ESTUARINE SCIENCE AND EDUCATION FOR VIRGINIA AND THE WORLD.
-
SUPPORT FOR THE VIRGINIA INSTITUTE OF MARINE SCIENCE IN PURSUIT OF ITS MISSION OF RESEARCH, EDUCATION AND ADVISORY SERVICES
Expenses $1,321,335 · Grants $1,321,335
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
A Marshall Acuff JrA MARSHALL ACUFF JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joshua J BennettJOSHUA J BENNETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
James A CarletonJAMES A CARLETON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John Paul Causey JrJOHN PAUL CAUSEY JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael J CarronMICHAEL J CARRON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lynn M DillonLYNN M DILLON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michela EnglishMICHELA ENGLISH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Richard J HillRICHARD J HILL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Henry R Hortenstine IIIHENRY R HORTENSTINE III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Wayne K Johnson JrWAYNE K JOHNSON JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
William KeithlerWILLIAM KEITHLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Richard R LaffertyRICHARD R LAFFERTY
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Jennifer B LatourJENNIFER B LATOUR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Livingston S Marshall JrLIVINGSTON S MARSHALL JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Corell H MooreCORELL H MOORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jeanette McKittrickJEANETTE MCKITTRICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
David Nelson MeekerDAVID NELSON MEEKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Charles Joseph NataleCHARLES JOSEPH NATALE
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Carroll Wallace Owens IIICARROLL WALLACE OWENS III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Samuel S ProctorSAMUEL S PROCTOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
William J Strickland EsqWILLIAM J STRICKLAND ESQ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Peter J Quinn JrPETER J QUINN JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Anne G WaleskiANNE G WALESKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
S Pierce Walmsley VS PIERCE WALMSLEY V
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Anne Marie WhittemoreANNE MARIE WHITTEMORE
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Marise Robbins-ForbesMARISE ROBBINS-FORBES
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 20
-
D Derek AdayD DEREK ADAY
DEAN & DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Betty BarrackBETTY BARRACK
DIRECTOR OF FINANCIAL OPS
- Total calculated
- $0
- Hours/week
- 2
-
Linda RudyLINDA RUDY
CHIEF FINANCIAL OFFICER FO
- Total calculated
- $0
- Hours/week
- 2
-
Sidne PresseySIDNE PRESSEY
MANAGER, FINANCIAL OPERATI
- Total calculated
- $0
- Hours/week
- 16
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
VIRGINIA INSTITUTE OF MARINE SCIENCE
$1,321,335
RESEARCH AND EDUCATION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CENTER FOR APPLIED MARINE SCIENCE & TECHNOLOGY (CAMST)
501(C)(3) · APPLIED MARINE SCIENCE AND TECHNOLOGY · VA · controlled entity
Directly controlled by VIRGINIA INSTITUTE OF MARINE SCIENCE FOUNDATION
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CENTER FOR APPLIED MARINE SCIENCE & TECHNOLOGY (CAMST)
APPLIED MARINE SCIENCE AND TECHNOLOGY · VA
Directly controlled by VIRGINIA INSTITUTE OF MARINE SCIENCE FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541349349309614
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.