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Tax Status Governance Fund Raising Financial

Name:	Science Museum of Virginia Foundation, Inc.
Address:	2500 West Broad Street
	Richmond, VA 23220
Phone:	804-864-1546
Web Address:	www.smv.org

Science Museum of Virginia Foundation, Inc. (SMVF) meets the 20 Standards for Charity Accountability.

Located in Richmond’s historic Broad Street Station, the Science Museum of Virginia is the state’s flagship institution for informal science learning. The Museum opened its doors in 1977 and is today a highly visible, accessible, and popular destination for families, school and community groups and out of town visitors, attracting annual visitation of 250,000. The Science Museum houses more than 60,000 square feet of interactive exhibits, the IMAXDOME®, live science demonstrations, teaching labs, and the Carpenter Science Theatre Company and employs a broad range of experiences to inspire and engage audiences of all ages. Also a popular gathering place for civic and business groups, the Museum hosts some 500 community events each year. The Museum partners with a range of community groups and youth agencies and raises funds to underwrite visits from underserved groups to ensure that the broadest cross section of Virginians has access to the dynamic learning opportunities we offer.

For the fiscal year ended June 30, 2011, SMVF's program expenses were:

Expenditures on behalf of SMV	1,819,778
Grants to Science Museum of Virginia Operations	651,910
Indirect SMV support	241,475
Total Program Expenses:	$2,713,163

Chief Executive : C. Annie Magnant, Executive Director

Compensation*:

Chair of the Board: Stanton L. Thalhimer
Chair's Profession / Business Affiliation: Realtor, RE/MAX Commonwealth

Board Size: 28

Paid Staff Size: 8

Method(s) Used:

direct mail, invitations to fund raising events, print advertisements, grant proposals, internet, planned giving arrangements, membership

Fund raising costs were 24% of related contributions. (Related contributions, which totaled $2,127,262, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on SMVF's audited financial statements for the fiscal year ended June 30, 2011.

Source of Funds
Net realized/unrealized gain on investments	1,912,446
Contributions	1,616,201
Special events &other	511,061
Investment income	122,139
Net assets released from restrictions	-5,606
Total Income	$4,156,241

Uses of Funds as a % of Total Expenses

Programs: 78%  Fund Raising: 15%  Administrative: 7%

Total income		$4,156,241
Program expenses		$2,713,163
Fund raising expenses		502,964
Administrative expenses		238,379
Total expenses		$3,454,506
Income in Excess of Expenses		701,735
Beginning net assets		17,154,940
Ending net assets		17,856,675
Total liabilities		652,848
Total assets		$18,509,523