Museum Of Science
- Assets
- $361.1m
- Revenue
- $53.5m
- Investments
- $221.9m
- Employees
- 456
- Location
- Boston, MA
- Founding
- 12/1993
- Data as of
- 06/2021
- EIN
- 04-2103916
Organization Overview
Museum Of Science is located in Boston, MA. The organization was established in 1993. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Museum Of Science employed 456 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Science 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 06/2021, Museum Of Science generated $53.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $49.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Museum Of Science has awarded 253 individual grants totaling $15,855,784. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM'S MISSION IS TO INSPIRE A LIFELONG LOVE OF SCIENCE IN EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS INCLUDE OVER 900 STANDING EXHIBITS, HOUSED IN 132,000 SQ FT OF GALLERY AND RELATED SPACE, PROVIDING HANDS-ON EXPERIENCES IN ALL AREAS OF SCIENCE, TECHNOLOGY, AND THEIR SOCIAL IMPACT. THE MUSEUM CREATES PERMANENT AND TRAVELLING EXHIBITS BOTH ON ITS OWN AND IN COLLABORATION WITH OTHER INSTITUTIONS, AND IS ONE OF LEADERSHIP PARTNERS IN THE NATIONAL INFORMAL STEM EDUCATION NETWORK (NISENET), A NETWORK OF APPROXIMATELY 600 MUSEUMS, COLLEGES/UNIVERSITIES, LIBRARIES, SCIENTIFIC PROFESSIONAL ORGANIZATIONS, AND RESEARCH INSTITUTIONS WHICH CREATES AND SHARES EXHIBITS AND PROGRAMS RELATING TO IMPORTANT CURRENT SCIENCE AND TECHNOLOGY TOPICS. A MUSEUM-PRODUCED TRAVELING EXHIBIT CALLED THE SCIENCE BEHIND PIXAR HIGHLIGHTS THE MATH AND SCIENCE SKILLS PIXAR FILMMAKERS USE IN BRINGING THEIR FILMS TO LIFE. TWO COPIES OF THIS EXHIBIT ARE CURRENTLY TOURING OTHER US AND INTERNATIONAL MUSEUMS. THE MUSEUM ALSO HOSTS TRAVELING EXHIBITS PRODUCED BY OTHER INSTITUTIONS. TRAVELING EXHIBITS HOSTED BY THE MUSEUM THIS YEAR INCLUDED: THE SCIENCE BEHIND PIXAR WHICH CLOSED IN SEPT 2021; RESILIENT VENICE; NE CLIMATE STORIES; ALL ABOARD! TRAINS AT SCIENCE PARK; EMOTIONS AT PLAY WITH PIXAR'S INSIDE OUT; GAIA EARTH GLOBE; ELECTRIC PLAYHOUSE TRAVELS
PUBLIC PROGRAMS INCLUDE EXHIBIT INTERPRETATION, LECTURE SERIES, LIVE ANIMAL DEMONSTRATIONS (THE MUSEUM IS ACCREDITED BY THE ASSOCIATION OF ZOOS AND AQUARIUMS), PHYSICAL SCIENCE DEMONSTRATIONS, LIGHTNING SHOWS IN THE THOMSON THEATER OF ELECTRICITY, SPECIAL EVENTS, DEMONSTRATIONS AND PODCASTS RELATING TO TOPICS OF CURRENT SCIENCE AND TECHNOLOGY, HANDS-ON DESIGN CHALLENGES AND A WALK-THROUGH GARDEN WALK AND INSECT ZOO. IN RESPONSE TO COVID-19, MANY OF THESE PROGRAMS WERE OFFERED ON-LINE. (749,100 ONSITE VISITORS SERVED.)
EDUCATION PROGRAMS INCLUDE FIELD TRIPS PROGRAMS FOR SCHOOL GROUPS, CURRICULUM MATERIALS UNDER OUR EIE. THE MUSEUM IS PART OF AN AWARD-WINNING DIVISION, EIE, THAT DEVELOPS FOUNDATIONAL SKILLS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) SUBJECTS FOR ALL STUDENTS. THE RESEARCH-BASED, HANDS-ON CURRICULA ARE DESIGNED TO BEST INNOVATE FOR THE REALITY OF TODAY'S EDUCATIONAL LANDSCAPE AND TO ENGAGE ALL STUDENTS. RECENTLY MOS PARTNERED WITH KAHOOT TO CREATE EXCITING, ENGAGING AND FUN LEARNING EXPERIENCES FOR LEARNERS GRADES 1-8. SINCE ITS INCEPTION, EIE HAS REACHED AN ESTIMATED 20 MILLION STUDENTS AND 200,000 EDUCATORS IN ALL 50 STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Ritchie President | OfficerTrustee | 40 | $465,127 |
Todd Sperry Chief Marketing Officer | Officer | 40 | $298,794 |
Andrew J Russell Svp, Advancement | Officer | 40 | $279,145 |
Brian J Therrien Svp, Finance | Officer | 40 | $266,066 |
Christine A Reich Chief Learning Officer | Officer | 40 | $255,664 |
Heather R Gunsallus Vp, Stem | 40 | $244,084 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C&w Facility Services Inc (Dtz) Custodial | 6/29/22 | $1,323,644 |
Les Studios Moment Factory Exhibit Fabrication | 6/29/22 | $731,770 |
Velir Studios Llc Consulting | 6/29/22 | $451,348 |
Rw Hyde Construction Inc Construction | 6/29/22 | $398,263 |
Accessio Strategies Fundraising | 6/29/22 | $307,396 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,121,756 |
| Investment income | $4,060,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $106,981 |
| Net Rental Income | $950,079 |
| Net Gain/Loss on Asset Sales | $10,868,460 |
| Net Income from Fundraising Events | -$48,492 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,539,467 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,494,363 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $189,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,762,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,555,132 |
| Pension plan accruals and contributions | $304,981 |
| Other employee benefits | $2,357,059 |
| Payroll taxes | $1,417,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,090 |
| Fees for services: Accounting | $141,125 |
| Fees for services: Lobbying | $156,295 |
| Fees for services: Fundraising | $326,853 |
| Fees for services: Investment Management | $4,182,101 |
| Fees for services: Other | $3,414,252 |
| Advertising and promotion | $1,727,079 |
| Office expenses | $2,226,748 |
| Information technology | $942,556 |
| Royalties | $101,766 |
| Occupancy | $2,452,315 |
| Travel | $59,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,579 |
| Interest | $365,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,841,061 |
| Insurance | $524,036 |
| All other expenses | $0 |
| Total functional expenses | $49,559,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,841,244 |
| Savings and temporary cash investments | $20,022,536 |
| Pledges and grants receivable | $7,631,421 |
| Accounts receivable, net | $5,137,401 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,591 |
| Prepaid expenses and deferred charges | $868,795 |
| Investments—publicly traded securities | $25,152,618 |
| Investments—other securities | $221,895,823 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,470,214 |
| Total assets | $361,087,137 |
| Accounts payable and accrued expenses | $6,349,254 |
| Grants payable | $0 |
| Deferred revenue | $2,898,619 |
| 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 | $13,634,451 |
| Unsecured mortgages and notes payable | $4,690,935 |
| Other liabilities | $4,313,906 |
| Total liabilities | $31,887,165 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $329,199,972 |
Grants Awarded
Over the last fiscal year, Museum Of Science has awarded $188,691 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
EDTOGETHER INCATTN GABRIELLE SCHLICHTMANN PURPOSE: Federal subawards: Appraisal in Diverse Populations: Pilot Research About Intersectional Identity in Science Exhibits | $28,622 |
NORTHEASTERN UNIVERSITYNU-RES FINANCE PURPOSE: Federal subaward: Citizen Science, Civics, and Resilient Communities (CSCRC) | $22,400 |
ARCHDIOCESE OF BOSTONATTN MARTHA HULTZMAN PURPOSE: Private subaward: EiE in Catholic Schools | $20,000 |
MINNEAPOLIS INSTITUTE OF ART PURPOSE: Federal subaward: Collaboration for Ongoing Visitor Experience Studies: Art Research Team | $10,677 |
CRYSTAL BRIDGES MUSEUM OF AMERICAN ART INCATTN ALISON NATION PURPOSE: Federal subaward: Collaboration for Ongoing Visitor Experience Studies: Art Research Team | $11,215 |
BOSTON UNIVERSITYGRANTS RECEIVABLE PURPOSE: Federal subaward: HS Sci Research in Living Lab | $20,615 |