Connecticut Science Center Inc
- Assets
- $115.5m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 122
- Location
- Hartford, CT
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 06-1538101
Organization Overview
Connecticut Science Center Inc is located in Hartford, CT. The organization was established in 1999. 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 12/2022, Connecticut Science Center Inc employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Science Center 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 12/2022, Connecticut Science Center Inc generated $9.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $12.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE LIFE-LONG LEARNING THROUGH THE OPERATION OF A STATE-WIDE SCIENCE CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC AUDIENCES SERVED:THE CONNECTICUT SCIENCE CENTER MAINTAINED ITS PROGRESSIVE RECOVERY FROM THE PANDEMIC IN 2022, RESTORING CAPACITY WHILE INCREASING SERVICE REVENUES ON PACE WITH A MULTI-YEAR RECOVERY PLAN. THE SCIENCE CENTER EXCEEDED ALL OF ITS MEASURED OBJECTIVES FOR VISITOR EXPERIENCE AND EDUCATION VALUE AS RATED BY CUSTOMERS AND ITS FIRST INTERNALLY DEVELOPED EXHIBITION, FOREST OF ILLUSIONS, ENJOYED AN ENTHUSIASTIC RESPONSE. THE SCIENCE CENTER ADOPTED A NEW 10-YEAR STRATEGIC VISION TO BE A WORLD CLASS SCIENCE CENTER WITH INTEGRATED IN-PERSON AND ONLINE EXPERIENCES EXPLORING THE STEM TOPICS, ISSUES, AND CHALLENGES OF OUR TIME. THE SCIENCE CENTER SECURED CAPITAL FUNDING COMMITMENTS FROM THE STATE OF CONNECTICUT AND BEGAN PRIVATE FUNDRAISING TO SUPPORT THE STRATEGIC VISION.THE CONNECTICUT SCIENCE CENTER CONTINUED TO FOLLOW COVID RELATED ON-SITE PROTOCOLS, INCLUDING LIMITING THE NUMBER OF VISITORS PERMITTED IN THE BUILDING. WITH THE HELP OF A STATE SPONSORED FREE SUMMER INITIATIVE, THE SCIENCE CENTER SERVED 231,000 VISITORS ON SITE, 9% MORE THAN IN 2021 AND 23% FEWER THAN THE LAST PRE- PANDEMIC YEAR, 2019.WITH THE CONTINUED SLOW RETURN OF SCHOOL FIELD TRIPS, THE SCIENCE CENTER DELIVERED 600 OUTREACH PROGRAMS ACROSS CONNECTICUT AND MASSACHUSETTS AND 111 VIRTUAL PROGRAMS TO OVER 21,000 INDIVIDUALS. ADDITIONALLY, THE SCIENCE CENTER PRESENTED 2 STEM CAREER SHOWCASES INTRODUCING OVER 800 MIDDLE AND HIGH SCHOOL STUDENTS TO REPRESENTATIVES FROM 13 COMPANIES.
PROFESSIONAL DEVELOPMENT FOR TEACHERS:OVER 1,000 TEACHERS PARTICIPATED IN THE SCIENCE CENTER'S PROFESSIONAL COACHING AND LEARNING SESSIONS THAT ARE ALIGNED WITH BOTH THE CT STATE SCIENCE FRAMEWORK STANDARDS AND THE NEXT GENERATION SCIENCE STANDARDS (NGSS). WHETHER TEACHERS ARE PROVIDING IN-PERSON, DISTANCE LEARNING, OR A HYBRID, THE SCIENCE CENTER'S PROGRAMS ARE FLEXIBLE AND SUPPORTIVE TO MEET EDUCATORS' NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lizabeth Zlatkus Chair | OfficerTrustee | 1 | $0 |
Len Wolman Vice Chair | OfficerTrustee | 1 | $0 |
Douglas K Anderson Trustee | Trustee | 1 | $0 |
Thomas Burke Trustee | Trustee | 1 | $0 |
Stephanie C Bush Trustee | Trustee | 1 | $0 |
Jay Cartisano Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smg Custodial Services | 12/30/22 | $381,718 |
Compassmsp It Support | 12/30/22 | $239,257 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $677,809 |
| Fundraising events | $324,003 |
| Related organizations | $0 |
| Government grants | $2,915,741 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,269,578 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,187,131 |
| Total Program Service Revenue | $2,429,111 |
| Investment income | $295,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $278,257 |
| Net Income from Fundraising Events | -$71,468 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $263,744 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,663,152 |
| 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. | $543,075 |
| Compensation of current officers, directors, key employees. | $164,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,548,440 |
| Pension plan accruals and contributions | $28,668 |
| Other employee benefits | $467,397 |
| Payroll taxes | $317,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,337 |
| Fees for services: Accounting | $49,280 |
| Fees for services: Lobbying | $21,014 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,219 |
| Fees for services: Other | $247,635 |
| Advertising and promotion | $345,797 |
| Office expenses | $705,431 |
| Information technology | $146,083 |
| Royalties | $21,038 |
| Occupancy | $1,246,440 |
| Travel | $26,211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,025 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,336,867 |
| Insurance | $205,562 |
| All other expenses | $2,349 |
| Total functional expenses | $11,984,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,305,631 |
| Savings and temporary cash investments | $1,011,281 |
| Pledges and grants receivable | $355,881 |
| Accounts receivable, net | $94,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $483,672 |
| Net Land, buildings, and equipment | $98,935,572 |
| Investments—publicly traded securities | $12,249,520 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,043,831 |
| Total assets | $115,479,780 |
| Accounts payable and accrued expenses | $630,713 |
| Grants payable | $0 |
| Deferred revenue | $1,071,302 |
| 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 | $1,040,309 |
| Total liabilities | $2,742,324 |
| Net assets without donor restrictions | $110,387,071 |
| Net assets with donor restrictions | $2,350,385 |
| 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 | $115,479,780 |