2023-11-01T15:50:42-05:00 2023-06-30 541631262 KEITER STEPHENS HURST GARY & SHREAVES 4401 DOMINION BLVD GLEN ALLEN VA 23060 990 2022-07-01 237185836 SCIENCE MUSEUM OF VIRGINIA FOUNDATION INC SCIE 8048641546 PO BOX 11624 RICHMOND VA 23230 HENRY C COLEMAN JR TREASURER 8048641546 2023-10-26 1 HENRY COLEMAN JR 999009999 1 VIRGINIA R BELCHER P00421964 8047470000 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELENA EDWARDS PO BOX 11624 RICHMOND VA 23230 7310044 0 X WWW.SMV.ORG X 1972 VA 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. 23 22 8 57 0 123490 4502335 3143500 513241 640273 820304 685868 0 0 5835880 4469641 2970296 3977067 0 0 665097 583379 0 0 414883 328245 352928 3963638 4913374 1872242 -443733 31752161 32188132 2141356 2325247 29610805 29862885 X 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. 0 0 1869873 1869873 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. 1503077 1503077 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. 604118 604118 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. 157747 157747 4134815 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 1 8 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 22 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PATRICIA MURPHY DIRECTOR OF FINANCE 8048641546 2500 W BROAD ST RICHMOND VA 23220 ROBERT M ALEXANDER IV DIRECTOR 1.00 X 0 0 0 JAMALA ARLAND DIRECTOR 1.00 X 0 0 0 SCOTT ARONSON DIRECTOR 1.00 X 0 0 0 JAMES H CAUDILL DIRECTOR 1.00 X 0 0 0 RICHARD C CONTI DIRECTOR 1.00 X 6307 0 0 DAVID E COTTRELL DIRECTOR 1.00 X 0 0 0 ANNE MARIE ELLES DIRECTOR 1.00 X 0 0 0 ROBEY W ESTES JR DIRECTOR 1.00 X 0 0 0 R ALEXANDER KURLAND DIRECTOR 1.00 X 0 0 0 ERIC MARTIN DIRECTOR 1.00 X 0 0 0 JOHN M O'BANNON III MD DIRECTOR 1.00 X 0 0 0 ADAM THALHIMER DIRECTOR 1.00 X 0 0 0 CHARLES S VALENTINE III DIRECTOR 1.00 X 0 0 0 JOHN WHITLOCK DIRECTOR 1.00 X 0 0 0 JOHN H WICK IV DIRECTOR 1.00 X 0 0 0 ROBERT FEESER PRESIDENT 1.00 X X 0 0 0 STEPHEN T HOLDYCH IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 THOMAS Q BENEDETTI VICE PRESIDENT 1.00 X X 0 0 0 ELENA EDWARDS VICE PRESIDENT 1.00 X X 0 0 0 SKY MASSEY VICE PRESIDENT 1.00 X X 0 0 0 SCOTT D STOVALL VICE PRESIDENT 1.00 X X 0 0 0 ROBY H HACKNEY SECRETARY 1.00 X X 0 0 0 HENRY C COLEMAN JR TREASURER 1.00 X X 0 0 0 KINSEY PEELER EXECUTIVE DIRECTOR 40.00 X 125310 0 22704 PATRICIA MURPHY DIRECTOR OF FINANCE 40.00 X 113494 0 18549 245111 0 41253 2 0 0 0 0 239701 2903799 104011 3143500 MUSEUM MEMBERSHIP ADMISSIONS 713990 636222 636222 ALL OTHER (SMV VOLUNTEER/MISC) 713990 4051 4051 640273 685868 685868 2840403 2840403 0 4469641 640273 0 685868 3977067 3977067 162511 46670 36010 79831 333894 21668 122404 189822 9236 636 3655 4945 42462 2345 14361 25756 35276 4225 11683 19368 150 150 28663 28663 50300 50300 111136 111136 8141 696 7445 30197 4640 4615 20942 33822 99 5193 28530 1686 1603 83 2296 62 646 1588 9801 2043 7758 DONOR CULTIVATION 24638 24638 TAXES 15635 15635 GIFTS/AWARDS/INCENTIVES 13037 2226 10811 MEALS & ENTERTAINMENT 9742 8890 487 365 13684 12341 584 759 4913374 4134815 363676 414883 8086337 8466643 971486 594106 9803 12911 9207 17623 18911 14430 3956 4481 22671372 23092368 31752161 32188132 292 125 392482 396382 1748582 1928740 2141356 2325247 X 3480762 3507266 26130043 26355619 29610805 29862885 31752161 32188132 -443733 695813 0 X 0 1 X 1 0 X 1951057 1919616 5787652 4502335 3143500 17304160 1951057 1919616 5787652 4502335 3143500 17304160 3827721 13476439 366670 66914 56317 820304 685868 1996073 19300233 2578939 0.69830 0.68070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 50300 0 0 0 50300 0 PART II-B, LINE 1: LOBBYING STATE OFFICIALS FOR INCLUSION OF SCIENCE MUSEUM OF VIRGINIA CAPITAL PROJECTS IN STATE'S BUDGET. CAPITAL PROJECTS INCLUDE NEW EXHIBIT GALLERIES, SITE PLANNING AND VARIOUS OTHERS. 22823542 26665 1121481 845998 23125690 23188505 2129539 -1750885 743617 22823542 16907219 515739 6476815 711268 23188505 17105516 329001 157241 684539 16907219 17038775 142012 560719 635990 17105516 0.06973 0.34696 0.58331 0 0 18911 14430 4481 4481 SHARES IN NON-PUBLIC MUTUAL FUND 23092368 F 23092368 PAYABLE TO SCIENCE MUSEUM OF VIRGINIA 1928740 1928740 X 5054318 695813 695813 4358505 111136 111136 4469641 4802238 0 4802238 111136 111136 4913374 PART V, LINE 4: THE FOUNDATION ENDOWMENT CONSISTS OF THIRTY-TWO INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATING TO SUPPORT OF THE ACTIVITIES OF THE SCIENCE MUSEUM OF VIRGINIA. TWENTY-THREE FUNDS ARE IN SUPPORT OF SPECIFICALLY NAMED PROGRAMS, AND NINE FUNDS ARE FOR GENERAL PURPOSES IN SUPPORT OF SMV. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE SCIENCE MUSEUM OF VIRGINIA FOUNDATION, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS NOT A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE FOUNDATION HAD UNRELATED BUSINESS INCOME FOR FISCAL YEAR 2023. MANAGEMENT HAS EVALUATED THE EFFECT OF GAAP GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND BELIEVES THAT THEY SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AND HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2023. THE FOUNDATION IS SUBJECT TO AN AUDIT BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 0 SCIENCE MUSEUM OF VIRGINIA 2500 WEST BROAD STREET RICHMOND VA 23220 540896076 115(1) 3977067 0 EDUCATIONAL X 15 79514 FMV X 300 LEGO CLASSIC PLAYSETS 1 20997 FMV X 6 GIFT CARDS 1 3000 FMV X LEGOS 1 500 FMV 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES A BROKERAGE FIRM TO PROCESS AND SELL STOCKS ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MUSEUM DIRECTOR PLUS AT LEAST ONE MUSEUM TRUSTEE WILL SERVE ON THE FOUNDATION BOARD. AND TRUSTEES CAN NOMINATE UP TO 1/3 OF FOUNDATION BOARD MEMBERS, TO BE ELECTED BY FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED BY DIRECTOR OF FINANCE, AND THE TAX RETURN IS FURTHER REVIEWED BY THE AUDIT COMMITTEE, THE EXECUTIVE DIRECTOR, AND THE TREASURER. A COPY OF THE TAX RETURN IS MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THERE IS AN ANNUAL CIRCULATION AND REITERATION OF CONFLICT OF INTEREST POLICY BY BOARD'S EXECUTIVE COMMITTEE. SIGNED COMPLIANCE FORMS ARE SUBMITTED TO AND REVIEWED BY THE EXECUTIVE COMMITTEE. IN THE EVENT OF A CONFLICT, THE POTENTIAL CONFLICT IS REVIEWED BY AND DISCUSSED WITH THE EXECUTIVE COMMITTEE AND THE BOARD MEMBERS. APPROPRIATE ACTION WOULD BE DETERMINED DURING THESE CONVERSATIONS. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE COMPENSATION FOR A NEW EXECUTIVE DIRECTOR, A RECOMMENDATION IS MADE TO THE BOARD BY AN INDEPENDENT SEARCH COMMITTEE, USING COMPENSATION DATA FROM RELEVANT PEER/COMPARABLE NONPROFIT ORGANIZATIONS IN THE REGION AND CONSULTANT INPUT. FOR DETERMINING A FUTURE YEAR'S COMPENSATION, COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE TAKING INTO CONSIDERATION ECONOMIC CONDITIONS, PERFORMANCE OF RESPONSIBILITIES DURING THE YEAR, AND COMPARABLE ORGANIZATION INFORMATION. COMPENSATION IS REVIEWED ANNUALLY FOR ALL EMPLOYEES. THE EXECUTIVE COMMITTEE APPROVES A GENERAL ANNUAL INCREASE FOR ALL EMPLOYEES, TAKING INTO CONSIDERATION ECONOMIC CONDITIONS AND EMPLOYMENT MARKET TRENDS. THE SPECIFIC AMOUNT PER EMPLOYEE IS DETERMINED BY THE EXECUTIVE DIRECTOR BASED ON THE APPROVED GENERAL INCREASE AND THE EMPLOYEE'S PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.