Virginia Zoological Society
- Assets
- $10.1m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 103
- Location
- Norfolk, VA
- Founding
- 09/1980
- Data as of
- 06/2022
- EIN
- 51-0253147
Organization Overview
Virginia Zoological Society is located in Norfolk, VA. The organization was established in 1980. According to its NTEE Classification (D50) the organization is classified as: Zoos & Aquariums, under the broad grouping of Animal-Related and related organizations. As of 06/2022, Virginia Zoological Society employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Zoological Society 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, Virginia Zoological Society generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 7.8% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VIRGINIA ZOOLOGICAL SOCIETY INC (THE "SOCIETY") EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ORGANIZED ON SEPTEMBER 21, 1979, ITS PURPOSE IS TO ACT AS AN ADVISORY AND SUPPORTIVE ORGANIZATION TO ADVANCE THE DEVELOPMENT OF THE VIRGINIA ZOOLOGICAL PARK (THE "ZOO") IN NORFOLK, VIRGINIA. THE ZOO IS OWNED BY THE CITY OF NORFOLK (THE "CITY"). THE OBJECTIVE OF THE SOCIETY IS TO FOSTER PUBLIC AWARENESS AND APPRECIATION OF THE ZOO AND TO PROMOTE THE CONSERVATION OF THE WORLD'S FLORA AND FAUNA. THE SOCIETY PROVIDES ESSENTIAL PROGRAM SERVICES FOR THE ZOO, AS FOLLOWS: ZOO IMPROVEMENTS AND EXHIBITS: FUNDING FOR SPECIFIC TRAVELING EXHIBITS FROM TIME TO TIME. SIGNIFICANT ASSISTANCE FOR ZOO EXPANSION, BUILDING RENOVATIONS AND CHANNELING OTHER VOLUNTEER EFFORTS INTO PROVIDING SERVICES FOR THE ZOO. EDUCATIONAL SERVICES: ENCOURAGES AN UNDERSTANDING OF CONSERVATION TO A WIDE VARIETY OF INDIVIDUALS BY FUNDING AND OPERATING ALL ZOO EDUCATION PROGRAMS (INCLUDING PRO
Describe the Organization's Program Activity:
ANIMAL CARE FOR ANIMALS USED IN OUR EDUCATIONAL PROGRAMS. THESE PROGRAMS INCLUDE UP CLOSE AND PERSONAL BEHIND THE SCENES TOURS OF ANIMAL HABITATS AND STAGE PRESENTATIONS FEATURING LIVE ANIMALS WHICH INCLUDE MESSAGING ABOUT CONSERVATION LOCALLY AND AROUND THE WORLD. OUR EDUCATION DEPARTMENT PROVIDES INFORMAL AND FORMAL EDUCATIONAL PROGRAMS ON GROUNDS FOR VISITORS, AS WELL AS AT SCHOOLS, LIBRARIES AND THE COMMUNITY. PUBLIC AND PRIVATE EVENTS, BIRTHDAY PARTIES AND PROGRAMS ARE HELD ON GROUNDS THROUGHOUT THE YEAR AND OFTEN INCLUDE LIVE ANIMAL PROGRAMMING. THESE PROGRAMS AND OTHER REVENUE GENERATING ACTIVITIES ON GROUNDS MAKE IT POSSIBLE FOR US TO SUPPORT AND PARTNER WITH OTHER ORGANIZATIONS TO SUPPORT THEIR CONSERVATION WORK IN THE FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Cobb President | OfficerTrustee | 3 | $0 |
Richard Boykin Treasurer | OfficerTrustee | 1 | $0 |
Ameet Habib Secretary | OfficerTrustee | 1 | $0 |
Brian Pennell 1st Vice Pre | OfficerTrustee | 3 | $0 |
Nicole Carry 2nd Vice Pre | OfficerTrustee | 1 | $0 |
Greg Bockheim Executive Di | OfficerTrustee | 45 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,488,459 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $941,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,441,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,871,657 |
| Total Program Service Revenue | $345,056 |
| Investment income | $9,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,488 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$196,845 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $611,647 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,638,748 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,784,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $227,215 |
| Payroll taxes | $138,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $258,171 |
| Advertising and promotion | $221,994 |
| Office expenses | $393,683 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $690 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,885 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,663 |
| Insurance | $56,556 |
| All other expenses | $8,944 |
| Total functional expenses | $4,156,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,869,335 |
| Savings and temporary cash investments | $2,245,119 |
| Pledges and grants receivable | $110,339 |
| Accounts receivable, net | $571,344 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $227,183 |
| Prepaid expenses and deferred charges | $27,572 |
| Net Land, buildings, and equipment | $751,215 |
| Investments—publicly traded securities | $290,540 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,092,647 |
| Accounts payable and accrued expenses | $489,902 |
| Grants payable | $0 |
| Deferred revenue | $591,852 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $124,257 |
| Total liabilities | $1,206,011 |
| Net assets without donor restrictions | $6,324,273 |
| Net assets with donor restrictions | $2,562,363 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,092,647 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Virginia Zoological Society has recieved totaling $78,482.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $27,350 |
Townebank Foundation Suffolk, VA PURPOSE: GEN. CHARITABLE | $20,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $8,000 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: FOOD FOR HUMANS AND ANIMALS - VIRGINIA ZOO WELLNESS CAMPUS GARDEN BOXES | $6,500 |
Shearwater Foundation Inc Norfolk, VA PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Maryland Zoological Society Inc Baltimore, MD | $75,809,462 | $21,851,255 |
Knoxville Zoological Gardens Inc Knoxville, TN | $67,432,773 | $17,092,584 |
North Carolina Zoological Society Inc Asheboro, NC | $47,767,222 | $18,648,155 |
Virginia Zoological Society Norfolk, VA | $10,092,647 | $5,638,748 |
Blue Ridge Zoological Society Of Virginia Inc Roanoke, VA | $1,771,766 | $1,385,962 |
Little Ponderosa Zoo And Rescue Inc Clinton, TN | $388,335 | $663,350 |
Salisbury Zoo Commission Inc Salisbury, MD | $493,248 | $548,032 |
Alliance Of Marine Mammal Parks And Aquariums Alexandria, VA | $588,388 | $535,596 |
Kentucky Reptile Zoo Slade, KY | $261,683 | $393,461 |
American Association Of Zoo Keepers Washington, DC | $28,278 | $0 |
Zoo Conservation Outreach Group Silver Spring, MD | $1,069,612 | $256,514 |
American Association Of Zoo Keepers Memphis, TN | $27,891 | $0 |