Imr Support Foundation
- Assets
- $4.8m
- Revenue
- $352.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 02/2007
- Data as of
- 06/2023
- EIN
- 20-5662523
Organization Overview
Imr Support Foundation, operating under the name Advanced Studies In Culture Fnd Advanced Studies In Culture Support Foundation, is located in Charlottesville, VA. The organization was established in 2007. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Studies In Culture Fnd Advanced Studies In Culture Support Foundation 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 06/2023, Advanced Studies In Culture Fnd Advanced Studies In Culture Support Foundation generated $352.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $292.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (21.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS AND FURTHERS THE GOALS OF IN MEDIAS RES (D/B/A ADVANCED STUDIES IN CULTURE FOUNDATION), A 501(C)(3) ORGANIZATION, BY GENERATING FINANCIAL SUPPORT AND MANAGING, INVESTING, AND ADMINISTERING GIFTS, AND BY PROVIDING THE FACILITIES THAT HOUSE THE OPERATIONS OF IN MEDIAS RES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED AND SUPPORTED ACTVITIES ON BEHALF OF IN MEDIAS RES (D/B/A ADVANCED STUDIES IN CULTURE FOUNDATION), WHICH INCLUDES THE ADMINISTRATION OF PRIVATE GRANT FUNDS RECEIVED FOR RESEARCH. THE PURPOSE OF THE ADVANCED STUDIES IN CULTURE FOUNDATION IS TO EDUCATE THE PUBLIC AND KEY LEADERSHIP GROUPS IN SOCIETY ABOUT THE NATURE AND CHALLENGES OF POSTMODERN SOCIETY AND CONDUCT INQUIRY INTO A HUMANE AND DEMOCRACTIC RESPONSE TO THESE CHALLENGES BY SUPPORTING THE WORK OF THE INSITUTE FOR ADVANCED STUDIES IN CULTURE AT THE UNIVERSITY OF VIRGINIA. THESE ACTIVITIES INCLUDE THE COORDINATION OF COLLOQUIA, CONFERENCES AND SEMINARS, AND PROVIDING EDITORIAL, CONSULTING, AND ADMINISTRATIVE SERVICES FOR WRITERS CONDUCTING RESEARCH ON THE NATURE, CONTOURS, AND CHALLENGES OF CONTEMPORARY SOCIETY.
THE FOUNDATION OWNS, OPERATES, AND MAINTAINS WATSON MANOR, WHICH HOUSES THE OPERATIONS AND PROGRAMS OF IN MEDIAS RES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr David P Turner President | OfficerTrustee | 2 | $0 |
Dr James D Hunter Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $40,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,000 |
| Total Program Service Revenue | $0 |
| Investment income | $2,904 |
| 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 | $352,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,250 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $58 |
| Information technology | $640 |
| Royalties | $0 |
| Occupancy | $18,232 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,000 |
| Interest | $68,038 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,760 |
| Insurance | $0 |
| All other expenses | $4,425 |
| Total functional expenses | $292,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,033 |
| Savings and temporary cash investments | $420,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,304,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $18,255 |
| Other assets | $0 |
| Total assets | $4,772,947 |
| Accounts payable and accrued expenses | $882 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,866,667 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,603 |
| Total liabilities | $1,879,152 |
| Net assets without donor restrictions | $2,546,686 |
| Net assets with donor restrictions | $347,109 |
| 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 | $4,772,947 |