Virginia Aquarium & Marine Science Center Foundation Inc

EIN: 521272309 501(c)(3)

Virginia Beach, VA

Total Revenue
$5,007,809
Total Expenses
$3,779,397
Total Assets
$36,560,746
Net Assets
$36,180,027
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
VA
Principal Officer
Daniel R Peterson
Phone
7573850280
Tax Period
2023-07-01 to 2024-06-30

Virginia Aquarium & Marine Science Center Foundation, founded in 1981, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2018. Revenue decreased 17% compared to the prior year. Expenses of $3.4M left a modest 15% surplus.

Mission

TO INSPIRE CONSERVATION OF THE MARINE ENVIRONMENT THROUGH EDUCATION, RESEARCH AND SUSTAINABLE PRACTICES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,278,989
Program Service Revenue $1,370,509
Investment Income $503,617
Other Revenue $854,694
TOTAL REVENUE $5,007,809

Expense Breakdown

Grants Paid $76,500
Salaries & Benefits $929,895
Fundraising Expenses $328,423
Program Expenses $2,973,233
Other Expenses $2,773,002
TOTAL EXPENSES $3,779,397

Year-over-Year Comparison

2023 2022 Change
Revenue $5,007,809 $4,249,748 +0.2%
Expenses $3,779,397 $3,724,324 +0.0%
Net Income $1,228,412 $525,424 +1.3%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
1013

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
9
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL R PETERSON CHAIRPERSON 2.0
Officer Director
$0 $0 $0
DELCENO C MILES PAST CHAIR 2.0
Officer Director
$0 $0 $0
BUFFY BAREFOOT TREASURER 2.0
Officer Director
$0 $0 $0
WALTER D WORRALL CHAIR OF GOV. AND DEVEL. COMM 2.0
Officer Director
$0 $0 $0
CAROLYN ROBERTSON CHAIR OF MISSION & ADVOCACY CO 2.0
Officer Director
$0 $0 $0
THOMAS M MCNICHOLAS III V. CHAIR OF MISSION & ADVOCACY 2.0
Officer Director
$0 $0 $0
ROBERT C FORT SECRETARY 2.0
Officer Director
$0 $0 $0
STEPHEN M SNYDER OFFICER AT LARGE 2.0
Officer Director
$0 $0 $0
BARBARA CIARA BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
MICHELLE COLLINS BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
NANCY DEFORD BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
MARK DREYFUS BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
D NATHAN JOHNSON BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
JAY G KENSLOW BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
SUZANNE KERN BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
TROY A LINDSEY BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
EMILY MACCARTNEY BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
SHERRI L MILES BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
SCOTT D MILLER BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
WILLIAM C TREY OGLESBY III BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
JOHN E UHRIN BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
ANDREW W VAKOS BOARD MEMBER/DIRECTOR 0.2
Director
$0 $0 $0
CYNTHIA WHITBRED-SPANOULIS PRESIDENT & CEO 4.0
Officer
$0 $0 $0
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 No data No data No data No data
2024 $5,007,809 $3,779,397 $36,560,746 $1,228,412
2023 $4,249,748 $3,724,324 $34,833,553 $525,424
2022 $4,535,734 $3,238,257 $33,681,382 $1,297,477
2021 $3,821,962 $2,723,347 $33,839,794 $1,098,615
2020 $4,043,619 $2,830,166 $31,943,864 $1,213,453
2019 $4,008,312 $3,423,992 $30,602,889 $584,320
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