Form 990 for tax year 2023
Filed by SCIENCE MUSEUM OF VIRGINIA FOUNDATION INCORPORATED.
Totals
- Total revenue
- $3,739,341
- Total expenses
- $4,929,734
- Contributions and grants received
- $2,471,783
- Grants paid
- $3,627,760
- Program service revenue
- $669,227
- Investment income
- $595,472
- Other revenue
- $2,859
- Total assets, end of year
- $33,107,240
- Total liabilities, end of year
- $2,479,198
- Net assets or fund balances, end of year
- $30,628,042
- Program services expenses (Part IX)
- $3,774,193
- Management and general expenses
- $545,671
- Fundraising expenses
- $609,870
- Program service expenses (Part III)
- $3,774,193
Program services were 76.6% 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.
-
1e · Government grants (contributions)
$276,786
-
1f · All other contributions, gifts and grants
$2,194,997
-
1g · Noncash contributions included above
$113,576
-
2a · Program service revenue: MUSEUM MEMBERSHIP ADMI
total $667,370 · related or exempt $667,370
-
2b · Program service revenue: ALL OTHER (SMV VOLUNTE
total $1,857 · related or exempt $1,857
-
3 · Investment income
total $595,472 · excluded $595,472
-
7a · Gross sales of assets other than inventory
securities $983,071
-
7b · Less cost or other basis and sales expenses
securities $983,071
-
7c · Gain or loss
securities $0
-
7d · Net gain or loss
total $0
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $2,859 · related or exempt $2,859
-
11e · Other revenue, total
$2,859
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,627,760 · program services $3,627,760
-
5 · Compensation of officers, directors and key employees
total $223,864 · program services $45,216 · management and general $104,502 · fundraising $74,146
-
7 · Other salaries and wages
total $539,240 · program services $17,527 · management and general $163,323 · fundraising $358,390
-
8 · Pension plan contributions
total $12,722 · program services $430 · management and general $4,657 · fundraising $7,635
-
9 · Other employee benefits
total $45,887 · program services $1,964 · management and general $3,482 · fundraising $40,441
-
10 · Payroll taxes
total $55,884 · program services $3,729 · management and general $20,139 · fundraising $32,016
-
11b · Fees: legal
total $150 · management and general $150
-
11c · Fees: accounting
total $30,285 · management and general $30,285
-
11d · Fees: lobbying
total $50,000 · program services $50,000
-
11f · Fees: investment management
total $112,503 · management and general $112,503
-
11g · Fees: other
total $50,625 · management and general $50,000 · fundraising $625
-
12 · Advertising and promotion
total $11,178 · program services $575 · fundraising $10,603
-
13 · Office expenses
total $28,584 · program services $5,168 · management and general $5,647 · fundraising $17,769
-
14 · Information technology
total $34,968 · program services $720 · management and general $5,193 · fundraising $29,055
-
17 · Travel
total $2,535 · program services $2,516 · fundraising $19
-
22 · Depreciation, depletion and amortization
total $3,191 · program services $208 · management and general $450 · fundraising $2,533
-
23 · Insurance
total $10,038 · program services $2,625 · management and general $7,413
-
24a · Other expenses: TAXES
total $34,046 · management and general $34,046
-
24b · Other expenses: DONOR CULTIVATION
total $21,016 · fundraising $21,016
-
24c · Other expenses: GIFTS/AWARDS/INCENTIVES
total $15,073 · program services $1,393 · fundraising $13,680
-
24d · Other expenses: MEALS & ENTERTAINMENT
total $10,460 · program services $6,677 · management and general $3,725 · fundraising $58
-
24e · All other expenses
total $9,725 · program services $7,685 · management and general $156 · fundraising $1,884
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $8,466,643 · end of year $8,326,901
-
3 · Pledges and grants receivable
beginning of year $594,106 · end of year $450,608
-
4 · Accounts receivable
beginning of year $12,911 · end of year $6,600
-
9 · Prepaid expenses and deferred charges
beginning of year $17,623 · end of year $33,944
-
10a · Land, buildings and equipment: cost or other basis
$21,864
-
10b · Land, buildings and equipment: accumulated depreciation
$15,792
-
10c · Land, buildings and equipment, net
beginning of year $4,481 · end of year $6,072
-
12 · Investments: other securities
beginning of year $23,092,368 · end of year $24,283,115
-
17 · Accounts payable and accrued expenses
beginning of year $125 · end of year $36,461
-
19 · Deferred revenue
beginning of year $396,382 · end of year $426,585
-
25 · Other liabilities
beginning of year $1,928,740 · end of year $2,016,152
-
27 · Net assets without donor restrictions
beginning of year $3,507,266 · end of year $3,553,055
-
28 · Net assets with donor restrictions
beginning of year $26,355,619 · end of year $27,074,987
Mission and programs · 2023
Mission
THE SCIENCE MUSEUM OF VIRGINIA FOUNDATION, INC. SERVES AS THE PRIVATE FUNDRAISING PARTNER OF THE SCIENCE MUSEUM OF VIRGINIA, A STATE INSTITUTION THAT WAS FOUNDED IN 1970 BY BOTH THE VIRGINIA ACADEMY OF SCIENCE AND THE VIRGINIA GENERAL ASSEMBLY TO "RAISE THE PUBLIC UNDERSTANDING OF SCIENCE AND TECHNOLOGY THROUGHOUT THE COMMONWEALTH." THE MUSEUM, AS A STATE SUPPORTED CULTURAL INSTITUTION, RECEIVES APPROXIMATELY 50 PERCENT OF ITS ANNUAL SUPPORT FROM THE COMMONWEALTH OF VIRGINIA. ADDITIONAL SUPPORT IS RAISED BY THE FOUNDATION THROUGH CHARITABLE CONTRIBUTIONS (ANNUAL GIFTS AND PERMANENT ENDOWMENT GIFTS), GRANTS, CAPITAL CAMPAIGN GIFTS, FUNDRAISING EVENTS AND INVESTMENT INCOME. FUNDS FROM THE FOUNDATION ARE GRANTED TO THE SCIENCE MUSEUM ON AN ANNUAL BASIS TO SUPPORT THE PROGRAMS, PROJECTS AND OPERATIONS THAT ARE AUTHORIZED AND APPROVED BY THE TRUSTEES OF THE MUSEUM.
Activities or mission (Part I)
THE SCIENCE MUSEUM OF VIRGINIA FOUNDATION (SMVF), INC. SUPPORTS THE SCIENCE MUSEUM OF VIRGINIA (SMV), A PREMIER CENTER FOR HANDS-ON SCIENCE EDUCATION IN VIRGINIA. PERMANENT EXHIBITIONS INCLUDE INTERACTIVE EXHIBITS ON A WIDE RANGE OF SCIENCE TOPICS. ADDITIONAL MUSEUM PROGRAMS INCLUDE VISITING EXHIBITIONS, DIGITAL DOME PLANETARIUM AND MOVIE EVENTS, EDUCATIONAL PROGRAMMING, OVERNIGHT ADVENTURES, LECTURES, DEMONSTRATIONS, LIVE THEATER AND SUMMER CAMPS.
-
NEW EXHIBIT PURCHASE AND MAINTENANCE: THE SCIENCE MUSEUM OF VIRGINIA FOUNDATION SUPPORTS HUNDREDS OF MUSEUM PERMANENT EXHIBITS AND VISITING EXHIBITS THROUGHOUT THE YEAR, OFFERING VISITORS HANDS-ON OPPORTUNITIES TO LEARN AND EXPERIMENT WITH SCIENCE CONCEPTS.
Expenses $1,278,151 · Grants $1,278,151
-
MUSEUM UNRESTRICTED OPERATING SUPPORT: THE SCIENCE MUSEUM OF VIRGINIA'S STATEWIDE MISSION IS TO INSPIRE VIRGINIANS TO ENRICH THEIR LIVES THROUGH SCIENCE. SMVF SUPPORTS THE GOALS AND ASPIRATIONS OF THE MUSEUM BY PROVIDING SUPPORT FOR MUSEUM GENERAL OPERATIONS, INCLUDING STAFFING, MATERIALS, AND SERVICES.
Expenses $1,439,636 · Grants $1,439,636
-
EDUCATIONAL PROGRAMMING AND OUTREACH: THE SCIENCE MUSEUM OF VIRGINIA FOUNDATION SUPPORTS MUSEUM EDUCATIONAL PROGRAMMING IN THE FORM OF CLASSES, ACTIVITIES, LECTURES, EDUCATIONAL WORKSHOPS AND TRAINING FOR ALL AGES, AND PROVIDES FUNDING FOR GROUP MUSEUM VISITS FOR SCHOOLCHILDREN AND COMMUNITY ORGANIZATIONS.
Expenses $909,972 · Grants $909,972
-
Expenses $146,434
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert M Alexander IVROBERT M ALEXANDER IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott AronsonSCOTT ARONSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard C ContiRICHARD C CONTI
DIRECTOR
- Total calculated
- $8,701
- From this org
- $8,701
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
David E CottrellDAVID E COTTRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Dolan WrightELIZABETH DOLAN WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anne Marie EllesANNE MARIE ELLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robey W Estes JrROBEY W ESTES JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emily HartmanEMILY HARTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
R Alexander KurlandR ALEXANDER KURLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric MartinERIC MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelley McCallKELLEY MCCALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Josh McCreadieJOSH MCCREADIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janet MorrisJANET MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John M O'Bannon III MDJOHN M O'BANNON III MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adam ThalhimerADAM THALHIMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles S Valentine IIICHARLES S VALENTINE III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John WhitlockJOHN WHITLOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John H Wick IVJOHN H WICK IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elena EdwardsELENA EDWARDS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Robert FeeserROBERT FEESER
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jamala ArlandJAMALA ARLAND
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Q BenedettiTHOMAS Q BENEDETTI
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Stephen T HoldychSTEPHEN T HOLDYCH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Sky MasseySKY MASSEY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Scott D StovallSCOTT D STOVALL
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Roby H HackneyROBY H HACKNEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Henry C Coleman JrHENRY C COLEMAN JR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kinsey PeelerKINSEY PEELER
EXECUTIVE DIRECTOR
- Total calculated
- $171,080
- From this org
- $155,709
- From related orgs
- $0
- Other
- $15,371
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,156
- Bonus
- $0
- Other
- $10,553
- Deferred
- $4,675
- Nontaxable benefits
- $10,696
- Filer's total
- $171,080
-
Patricia MurphyPATRICIA MURPHY
DIRECTOR OF FINANCE
- Total calculated
- $141,623
- From this org
- $133,205
- From related orgs
- $0
- Other
- $8,418
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
SCIENCE MUSEUM OF VIRGINIA
$3,627,760
EDUCATIONAL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443059349302039
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