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Tax Status Governance Fund Raising Financial

Name:	Science Museum of Virginia Foundation Inc
Address:	PO BOX 11624
	Richmond, VA 23230
Phone:	804-864-1546
Web Address:	www.smv.org

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

Since 1970, the Science Museum of Virginia has been the Commonwealth’s flagship institution for informal science learning. In 2009 more than 310,000 people visited the Museum located in Richmond’s historic Broad Street Station; 52,000 were students on field trips. The Science Museum houses more than 60,000 square feet of interactive exhibitions, the IMAX®DOME theater, live science demonstrations, teaching labs, and the Carpenter Science Theatre Company, employing 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 Science Museum works with state and local education administration to support their K-12 education goals. Museum programming and exhibits are aligned with Virginia’s Standards of Learning. The Science Museum is one of the region’s top providers of lifelong learning, hosting some 75 guest speakers annually, addressing an incredibly wide range of topics. During the past two years, Science Museum educators traveled to 53 localities across the Commonwealth, visiting schools, libraries, festivals, scout troops and community centers to serve more than 100,000 citizens. As a component of our outreach, our team provided more than 20,000 contact hours of intensive Standards of Learning-aligned instruction to students in some of the highest-need schools.

For the fiscal year ended June 30, 2010, SMV's program expenses were:

Expenditures on behalf of SMV	962,074
Grants to SMV Operations	254,099
Indirect support of SMV	156,069
Special events	114,682
Total Program Expenses:	$1,486,924

Chief Executive : C. Annie Magnant, Executive Director

Compensation*:

$90,625

Chair of the Board: Robert E. Bremer
Chair's Profession / Business Affiliation: Retired Director of Operations, Capital One

Board Size: 36

Paid Staff Size: 7

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

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

Fund raising costs were 15% of related contributions. (Related contributions, which totaled $2,259,448, 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 SMV's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds
Annual giving & sponsorships	1,979,355
Net realized and unrealized loss on investments	1,520,552
Investment income	291,491
Special events/other	278,093
Change in value of split interest agreements	10,921
Endowment	2,000
Total Income	$4,082,412

Uses of Funds as a % of Total Expenses

Programs: 73%  Fund Raising: 16%  Administrative: 11%

Total income				$4,082,412
	Program expenses			$1,486,924
	Fund raising expenses			333,506
	Administrative expenses			229,036
Total expenses				$2,049,466
Income in Excess of Expenses				2,032,946
Beginning net assets				15,121,994
Ending net assets				17,154,940
Total liabilities				470,655
Total assets				$17,625,595