Virginia Living Museum Inc
- Assets
- $21.1m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 120
- Location
- Newport News, VA
- Founding
- 05/1965
- Data as of
- 06/2024
- EIN
- 54-6055922
Organization Overview
Virginia Living Museum Inc is located in Newport News, VA. The organization was established in 1965. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Virginia Living Museum Inc employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Living Museum Inc 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 06/2024, Virginia Living Museum Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $5.7m during the year ending 06/2024. While expenses have increased by 1.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING PEOPLE TO NATURE THROUGH EDUCATIONAL EXPERIENCES THAT PROMOTE CONSERVATION.
Describe the Organization's Program Activity:
WE CONNECT PEOPLE TO NATURE THROUGH EDUCATIONAL PROGRAMS, IN CLASSROOMS, ON THE MUSEUM FLOOR, OUTSIDE, OR OFFSITE AND VIRTUALLY. LEARNING IS MULTIGENERATIONAL THROUGH INDIVIDUAL ENCOUNTERS, SMALL GROUP OR LARGE AUDIENCES. PROGRAMS INCORPORATE NATURAL SCIENCE BASED EDUCATION IN THE ENVIRONMENTAL AND LIFE SCIENCES. SEASONAL EXHIBITS, SIGNAGE, ANIMAL ENCOUNTERS, PRESENTATIONS, TOURS, DISCOVERY CARTS AND INTERACTIVE DEMONSTRATIONS EDUCATE IN FUN AND ENGAGING WAYS. OVER 950 ANNUAL PROGRAMS ARE DELIVERED BY PROFESSIONAL MUSEUM EDUCATORS AND OVER 484 MUSEUM TRAINED VOLUNTEERS. OVER 35,000 STUDENTS WERE EDUCATED THROUGH SOL CORRELATED INTERDISCIPLINARY PROGRAMS.
THE MUSEUM IS ONE OF 14 INSTITUTIONS IN THE U.S. THAT ARE ACCREDITED BY BOTH THE ASSOCIATION OF ZOOS AND AQUARIUMS (AZA) AND THE AMERICAN ALLIANCE OF MUSEUMS (AAM). OVER 230 SPECIES TO INCLUDE 8 ENDANGERED AND OVER 1,000 ANIMALS ARE CARED FOR WITH THE HIGHEST STANDARDS. ANIMAL CARE PROVIDES HUSBANDRY, VETERINARY CARE, NUTRITION, ENRICHMENT, WELFARE AND TRAINING TO EACH ANIMAL 365 DAYS. OVER 15 FIELD CONSERVATION PROGRAMS TO INCLUDE FEDERAL SPECIES SURVIVAL PLANS HELP PROVIDE EDUCATION THROUGH CONSERVATION ACTION. NATIVE PLANT PROPAGATION AND THEMED NATIVE GARDENS SUPPORT LEARNING THROUGHOUT THE 23 ACRE CAMPUS WHILE SUSTAINABLE LANDSCAPTING PRACTICES ARE EXHIBITED THROUGH DROUGHT TOLERANT SPECIES, HOST OR FOOD PLANTS FOR NATIVE WILDLIFE, AND ECOLOGICALLY BENEFICIAL SPECIES. LIVING GREEN HOUSE AND ROOF, MONARCH WAY STATION, BUTTERFLY GARDENS AND HAVEN ARE A FEW EXAMPLES.
THE MUSEUM PROVIDES FUN EDUCATION THROUGH ACTIVE DISCOVERY CENTERS SUCH AS TIDAL POOL, WILD & WELL, CONSERVATION COMMAND CENTER AND MANY LIVING EXHIBITS INDOORS AND OUTSIDE ON AN ELEVATED BOARDWALK TRAIL, DINOSAUR DISCOVERY CENTER AND THROUGH BIOFACTS OR NATURAL HISTORY COLLECTIONS. THE MUSEUM STORE PROVIDES RELATED MISSION BASED EDUCATIONAL ITEMS THAT SUPPORT ENVIRONMENTAL SUSTAINABILITY. THE MUSTEUM HAS ELIMINATED ALL POSSIBLE SINGLE USE PLASTIC FROM OPERATIONS TO PROVIDE CONSERVATION BASED EDUCATIONAL GUEST EXPERIENCE. MEMBERSHIPS, GROUP EVENTS PROVIDE LEARNING OPPORTUNITIES YEAR ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashby C Kilgore President | OfficerTrustee | 1 | $0 |
Sarah Messersmith President-Elect | OfficerTrustee | 1 | $0 |
Melvin J Ferebee Jr Secretary | OfficerTrustee | 1 | $0 |
Lewis Smith Treasurer | OfficerTrustee | 1 | $0 |
William Austin Jr Trustee | Trustee | 1 | $0 |
Kevin D Banks Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,324,935 |
| Fundraising events | $56,842 |
| Related organizations | $0 |
| Government grants | $671,229 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,913,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,966,931 |
| Total Program Service Revenue | $1,858,161 |
| Investment income | $208,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,566 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,630 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $343,245 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,414,799 |
| 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. | $191,180 |
| Compensation of current officers, directors, key employees. | $54,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,500,082 |
| Pension plan accruals and contributions | $21,848 |
| Other employee benefits | $267,748 |
| Payroll taxes | $207,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $74,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,742 |
| Fees for services: Other | $7,082 |
| Advertising and promotion | $153,393 |
| Office expenses | $136,578 |
| Information technology | $50,750 |
| Royalties | $0 |
| Occupancy | $439,780 |
| Travel | $28,841 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $840,806 |
| Insurance | $184,010 |
| All other expenses | $54,250 |
| Total functional expenses | $5,715,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,497 |
| Savings and temporary cash investments | $653,700 |
| Pledges and grants receivable | $1,128,418 |
| Accounts receivable, net | $620,038 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $157,827 |
| Prepaid expenses and deferred charges | $27,140 |
| Net Land, buildings, and equipment | $11,225,791 |
| Investments—publicly traded securities | $6,670,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,198 |
| Total assets | $21,120,102 |
| Accounts payable and accrued expenses | $695,923 |
| Grants payable | $0 |
| Deferred revenue | $509,110 |
| 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 | $24,328 |
| Total liabilities | $1,229,361 |
| Net assets without donor restrictions | $19,537,247 |
| Net assets with donor restrictions | $353,494 |
| 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 | $21,120,102 |