Paleontological Research Institution
- Assets
- $8.7m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 59
- Location
- Ithaca, NY
- Founding
- 09/1951
- Data as of
- 06/2022
- EIN
- 15-0554849
Organization Overview
Paleontological Research Institution is located in Ithaca, NY. The organization was established in 1951. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 06/2022, Paleontological Research Institution employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paleontological Research Institution 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 06/2022, Paleontological Research Institution generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE PALEONTOLOGICAL RESEARCH INSTITUTION (PRI) SERVES SOCIETY BY INCREASING AND DISSEMINATING KNOWLEDGE ABOUT THE HISTORY OF LIFE ON EARTH. FOUNDED IN 1932, PRI HAS OUTSTANDING PROGRAMS IN RESEARCH, COLLECTIONS, PUBLICATIONS, AND PUBLIC EDUCATION. PRI'S MUSEUM OF THE EARTH OPENED IN 2003 TO PROVIDE THE GENERAL PUBLIC WITH A UNIQUE OPPORTUNITY TO EXPLORE OUR WORLD THROUGH A MIX OF SPECIMEN-RICH NATURAL HISTORY DISPLAYS, INTERACTIVE SCIENCE EXHIBITS, AND ART EXHIBITIONS. IN 2013, THE CAYUGA NATURE CENTER BECAME PRI'S NEWEST PUBLIC VENUE FOR EDUCATION. THE NATURE CENTER, FOUNDED IN 1981, PROVIDES OPPORTUNITIES FOR OUTDOOR EDUCATION. PRI'S GOAL IS TO TRANSFORM IT INTO A PREMIER EDUCATIONAL CENTER FOR TEACHING AND LEARNING ABOUT THE NATURAL HISTORY OF THE CAYUGA LAKE BASIN, INCLUDING CLIMATE CHANGE, ECOLOGY, AND THE LOCAL FAUNA AND FLORA, AS WELL AS HUMAN IMPACTS ON THE LOCAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM'S 8,000-SQUARE-FOOT PERMANENT EXHIBITION TAKES VISITORS ON A JOURNEY THROUGH 4.5 BILLION YEARS OF HISTORY, FROM THE EARTH'S ORIGIN TO THE PRESENT DAY. THROUGH HANDS-ON, VISUAL EXHIBITIONS AND OUTREACH, THE MUSEUM OF THE EARTH ENCOURAGES CRITICAL THINKING ABOUT LIFE ON EARTH IN THE PAST AND TODAY, AND HOW OUR SPECIES IS AFFECTING THE NATURAL WORLD.
THE NATURE CENTER CULTIVATES AN AWARENESS, APPRECIATION, AND RESPONSIBILITY FOR THE NATURAL WORLD THROUGH OUTDOOR AND ENVIRONMENTAL EDUCATION. THE CAYUGA NATURE CENTER RE-OPENED TO THE PUBLIC IN SPRING 2022 FOLLOWING A YEAR-LONG CLOSURE DUE TO THE GLOBAL PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Mielbrecht Board President | OfficerTrustee | 1 | $0 |
Chris Mcroberts Finance Committee Chair, Treasurer | OfficerTrustee | 1 | $0 |
Lindsay Anderson Trustee | Trustee | 1 | $0 |
Brian Bauer Trustee | Trustee | 1 | $0 |
Patrick Beary Trustee | Trustee | 1 | $0 |
Rob Beutner Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,842 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $784,333 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,189,347 |
| Noncash contributions included in lines 1a–1f | $16,361 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,010,522 |
| Total Program Service Revenue | $320,210 |
| Investment income | $4,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,554 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $105,766 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,472,998 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,472,548 |
| Pension plan accruals and contributions | $28,238 |
| Other employee benefits | $203,795 |
| Payroll taxes | $152,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $733 |
| Fees for services: Accounting | $24,271 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,388 |
| Fees for services: Other | $52,403 |
| Advertising and promotion | $33,560 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $297,559 |
| Travel | $9,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,813 |
| Interest | $131,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,782 |
| Insurance | $0 |
| All other expenses | $91,737 |
| Total functional expenses | $3,034,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $492,435 |
| Savings and temporary cash investments | $88,042 |
| Pledges and grants receivable | $1,570,023 |
| Accounts receivable, net | $23,896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $117,409 |
| Prepaid expenses and deferred charges | $21,955 |
| Net Land, buildings, and equipment | $5,875,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $465,455 |
| Total assets | $8,655,150 |
| Accounts payable and accrued expenses | $435,359 |
| Grants payable | $0 |
| Deferred revenue | $118,485 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,000 |
| Secured mortgages and notes payable | $2,712,647 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,276,491 |
| Net assets without donor restrictions | $3,219,187 |
| Net assets with donor restrictions | $2,159,472 |
| 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 | $8,655,150 |