Discovery Museum Inc
- Assets
- $6.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 76
- Location
- Bridgeport, CT
- Founding
- 02/1961
- Data as of
- 06/2024
- EIN
- 06-0740527
Organization Overview
Discovery Museum Inc is located in Bridgeport, CT. The organization was established in 1961. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Discovery Museum Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery 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, Discovery Museum Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE DISCOVERY MUSEUM STRIVES TO ENGAGE, EXCITE, AND EDUCATE YOUNG LEARNERS THROUGH EXPERIENCES AND PROGRAMS THAT INSPIRE WONDER AND IGNITE CREATIVITY AS THE FOUNDATION FOR A LIFETIME LOVE OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) LEARNING.THE MUSEUMS CORE AUDIENCE IS YOUNG LEARNERS AGES 5-14 WHO CONNECT TO US WITH THEIR TEACHERS AND CLASSMATES DURING THE SCHOOL DAY OR BY THEMSELVES OR WITH THEIR FAMILIES, MENTORS, OR SOCIAL GROUPS AFTER SCHOOL, ON WEEKENDS, DURING SCHOOL VACATIONS OR IN THE SUMMER. WE PROVIDE A HARDY PORTFOLIO OF STEM LEARNING EXPERIENCES INCLUDING; UNMEDIATED GALLERY-BASED EXPLORATION OF STEM FOCUSED TEMPORARY AND PERMANENT EXHIBITS; OVER 80 UNIQUE ONSITE AND OFFSITE MEDIATED DEMONSTRATIONS AND LEARNING LABS; A CHALLENGER LEARNING CENTER SPACE EXPLORATION SIMULATION; PLANETARIUM SHOWS; UNIQUE GRANT-FUNDED SCHOOL-MUSEUM SCIENCE LEARNING PARTNERSHIPS; AND AN ENGAGING 7-WEEK SUMMER STEM LEARNING PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND GUEST SERVICES PROGRAMS: DEVELOP AND DELIVER HIGH-QUALITY INFORMAL SCIENCE PROGRAMMING SUPPORTING CURRENT NATIONAL AND LOCAL SCIENCE EDUCATION STANDARDS. SUPPORT CLASSROOM TEACHERS TO ACHIEVE THEIR SCIENCE LEARNING GOALS THROUGH IN-HOUSE, OUTREACH, AND PROFESSIONAL DEVELOPMENT PROGRAMMING. ACT AS A RESOURCE TO ENHANCE SCIENCE LITERACY AMONG OUR VISITORS AND COMMUNITY AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Eng Executive Dir. | Officer | 40 | $118,692 |
Vance Hanckck ESQ Secretary | OfficerTrustee | 1 | $0 |
Michael P Alfano Co-Chairman | OfficerTrustee | 1 | $0 |
Julie Davidson Trustee | Trustee | 1 | $0 |
Jennifer Mahoney Trustee | Trustee | 1 | $0 |
Mary Servino Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $60,126 |
| Fundraising events | $37,619 |
| Related organizations | $0 |
| Government grants | $471,342 |
| All other contributions, gifts, grants, and similar amounts not included above | $422,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $991,983 |
| Total Program Service Revenue | $644,466 |
| Investment income | $33,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $252,130 |
| Net Gain/Loss on Asset Sales | $48,832 |
| Net Income from Fundraising Events | -$16,009 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,986 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,992,079 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $36,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,092,780 |
| Pension plan accruals and contributions | $26,483 |
| Other employee benefits | $10,049 |
| Payroll taxes | $98,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $24,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,097 |
| Fees for services: Other | $47,176 |
| Advertising and promotion | $58,153 |
| Office expenses | $83,349 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $188,734 |
| Travel | $30,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $392,201 |
| Insurance | $81,314 |
| All other expenses | $0 |
| Total functional expenses | $2,528,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,421 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $218,638 |
| Accounts receivable, net | $57,583 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,869 |
| Prepaid expenses and deferred charges | $107,638 |
| Net Land, buildings, and equipment | $4,071,413 |
| Investments—publicly traded securities | $1,263,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,622 |
| Total assets | $6,197,784 |
| Accounts payable and accrued expenses | $125,647 |
| Grants payable | $0 |
| Deferred revenue | $200,619 |
| 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 | $744,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,070,266 |
| Net assets without donor restrictions | $3,489,931 |
| Net assets with donor restrictions | $1,637,587 |
| 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 | $6,197,784 |