Science Museum Of Virginia Foundation Incorporated

Organization Overview

Science Museum Of Virginia Foundation Incorporated is located in Richmond, VA. The organization was established in 1972. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Science Museum Of Virginia Foundation Incorporated employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science Museum Of Virginia Foundation Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Science Museum Of Virginia Foundation Incorporated generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

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.


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.


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.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $187,643
All other contributions, gifts, grants, and similar amounts not included above$4,314,692
Noncash contributions included in lines 1a–1f $139,207
Total Revenue from Contributions, Gifts, Grants & Similar$4,502,335
Total Program Service Revenue$513,241
Investment income $820,304
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,835,880

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Science Museum Of Virginia Foundation Incorporated has recieved totaling $750.

Awarding OrganizationAmount
Micawber Foundation Inc

Midlothian, VA

PURPOSE: GENERAL SUPPORT

$750
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$23,188,505
Earnings-$1,750,885
Net Contributions$2,129,539
Other Expense$743,617
Ending Balance$22,823,542

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