THE IMR SUPPORT FOUNDATION

EIN: 205662523 501(c)(3) Education

CHARLOTTESVILLE, VA

Total Revenue
$617,744
Total Expenses
$490,222
Total Assets
$5,027,830
Net Assets
$3,269,597
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
DAVID TURNER
Phone
4342025010
Tax Period
2024-07-01 to 2025-06-30

THE IMR SUPPORT FOUNDATION, founded in 2006, is a small nonprofit in the Education sector that reported $618K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $128K, a strong 21% operating margin.

Mission

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, SEE SCHEDULE O FOR CONTINUATION AND BY PROVIDING THE FACILITIES THAT HOUSE THE OPERATIONS OF THE ADVANCED STUDIES IN CULTURE FOUNDATION.

Program Service Accomplishments

Program 1
Expenses: $275,897

CONDUCTED AND SUPPORTED ACTIVITIES 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...

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CONDUCTED AND SUPPORTED ACTIVITIES 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.

Program 2
Expenses: $162,020

THE FOUNDATION OWNS, OPERATES, AND MAINTAINS WATSON MANOR, WHICH HOUSES THE OPERATIONS AND PROGRAMS OF IN MEDIAS RES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $590,000
Program Service Revenue $0
Investment Income $27,744
Other Revenue $0
TOTAL REVENUE $617,744

Expense Breakdown

Grants Paid $229,639
Salaries & Benefits $0
Fundraising Expenses $12,999
Program Expenses $437,917
Other Expenses $260,583
TOTAL EXPENSES $490,222

Year-over-Year Comparison

2024 2023 Change
Revenue $617,744 $671,546 -0.1%
Expenses $490,222 $423,266 +0.2%
Net Income $127,522 $248,280 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
1
Employees
N/A
Volunteers
2

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
2
$16,575
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR DAVID P TURNER PRESIDENT 2.00
Officer Director
$0 $0 $0
DR JAMES D HUNTER DIRECTOR 2.00
Director
$0 $0 $16,575
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $617,744 $490,222 $5,027,830 $127,522
2024 $671,546 $423,266 $4,955,279 $248,280
2023 $352,904 $292,403 $4,772,947 $60,501
2022 $70,229 $888,324 $4,778,583 $-818,095
2021 $70,396 $276,705 $6,089,765 $-206,309
2020 $666,698 $604,082 $5,145,036 $62,616
2019 $506,652 $648,162 $5,467,202 $-141,510
2018 $2,300,462 $2,550,101 $6,512,617 $-249,639
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