Mid-America Science Museum
- Assets
- $8.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 39
- Location
- Hot Springs, AR
- Founding
- 11/2005
- Data as of
- 12/2023
- EIN
- 20-2129318
Organization Overview
Mid-America Science Museum is located in Hot Springs, AR. The organization was established in 2005. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Mid-America Science Museum employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-America Science Museum 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 12/2023, Mid-America Science Museum generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 3.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MID-AMERICA SCIENCE MUSEUM IS TO STIMULATE INTEREST IN SCIENCE, TO PROMOTE PUBLIC UNDERSTANDING OF THE SCIENCES, AND TO ENCOURAGE LIFE-LONG SCIENCE EDUCATION THROUGH INTERACTIVE EXHIBITS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMMING IS GERMANE TO THE MISSION OF MID-AMERICA SCIENCE MUSEUM. SINCE 2015, THE MUSEUM HAS SERVED NEARLY 100,000 K-8 STUDENTS THROUGH ON-SITE HANDS-ON CLASSES AND WORKSHOPS INCLUDING TOPICS SUCH AS ROBOTICS, ENGINEERING, BIOLOGY, AND ASTRONOMY. AN ADDITIONAL 1500 STUDENTS ARE SERVED EACH YEAR THROUGH OUT-OF-SCHOOL PROGRAMMING SUCH AS SCIENCE AFTER SCHOOL, AFTER-SCHOOL OUTREACH, AND SCIENCE KITS DELIVERED TO SCHOOLS. YOUNG LEARNERS AGES 2-5 ARE ENGAGED IN SCIENCE AND LITERACY EDUCATION IN THE SCIENTOTS PROGRAM AND THE KYE YAC CLUBHOUSE EXHIBIT. FAMILY LEARNING AND ENGAGEMENT IS ENCOURAGED DURING ANNUAL EVENTS SUCH AS TESLA FEST, CELEBRATING THE INVENTIONS OF NIKOLA TESLA, AND TINKERFEST, PROMOTING HANDS-ON EXPLORATION AND INVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Lafollette Executive Di | Officer | 40 | $164,668 |
Mary Bradley Secretary | OfficerTrustee | $0 | |
Beau Britton Trustee | Trustee | $0 | |
Ethan Erwin DDS Trustee | Trustee | $0 | |
Carol Freeland Trustee | Trustee | $0 | |
Jonathan Hamner Vice Chair | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $109,175 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $302,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $606,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,017,688 |
| Total Program Service Revenue | $1,187,318 |
| Investment income | $54,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,294 |
| Net Income from Fundraising Events | $83,490 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $161,819 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,551,332 |
| 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. | $164,668 |
| Compensation of current officers, directors, key employees. | $77,756 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $716,797 |
| Pension plan accruals and contributions | $15,706 |
| Other employee benefits | $58,634 |
| Payroll taxes | $64,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,715 |
| Fees for services: Other | $11,661 |
| Advertising and promotion | $68,052 |
| Office expenses | $3,651 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $357,411 |
| Travel | $629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $641,072 |
| Insurance | $92,923 |
| All other expenses | $50,084 |
| Total functional expenses | $2,483,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,780 |
| Savings and temporary cash investments | $667,409 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,705 |
| Prepaid expenses and deferred charges | $143,344 |
| Net Land, buildings, and equipment | $5,228,624 |
| Investments—publicly traded securities | $1,807,535 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $209 |
| Total assets | $8,171,651 |
| Accounts payable and accrued expenses | $8,081 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $81,666 |
| Total liabilities | $89,747 |
| Net assets without donor restrictions | $6,148,223 |
| Net assets with donor restrictions | $1,933,681 |
| 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 | $8,171,651 |