Mid-America Science Museum
- Assets
- $8.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 27
- Location
- Hot Springs, AR
- Founding
- 11/2005
- Data as of
- 12/2021
- 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 12/2021, Mid-America Science Museum employed 27 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 12/2021, Mid-America Science Museum generated $2.9m 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 (12.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. 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
2021
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 A CORE FUNCTION OF THE MUSEUM AND PROVIDES THE GREATEST SERVICE TO THE MISSION. SINCE 1979, THE MUSEUM HAS ENJOYED OVER 3 MILLION VISITORS FROM ACROSS THE GLOBE AND ESPECIALLY FROM THE REGION SURROUNDING HOT SPRINGS AND ARKANSAS. SINCE RE-OPENING AFTER A MAJOR RENOVATION IN 2015, THE MUSEUM HAS SERVED NEARLY 35,000 SCHOOL STUDENTS WITH TARGETED STEM PROGRAMMING AND EVENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Lafollette Executive Di | Officer | 40 | $149,423 |
Carla Mouton Chair | OfficerTrustee | $0 | |
Rafael Martinez Treasurer | OfficerTrustee | $0 | |
Ben Van Wagner Vice Chair | OfficerTrustee | $0 | |
Mary Bradley Trustee | Trustee | $0 | |
Beau Britton Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $72,011 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,029,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,101,971 |
| Total Program Service Revenue | $805,532 |
| Investment income | $44,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $110,412 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $102,843 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,940,977 |
| 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. | $149,423 |
| Compensation of current officers, directors, key employees. | $74,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $555,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,251 |
| Payroll taxes | $51,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,704 |
| Fees for services: Other | $13,920 |
| Advertising and promotion | $46,040 |
| Office expenses | $3,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,424 |
| Travel | $120 |
| 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 | $599,023 |
| Insurance | $52,417 |
| All other expenses | $59,512 |
| Total functional expenses | $1,961,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $630,079 |
| Savings and temporary cash investments | $247,973 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,902 |
| Prepaid expenses and deferred charges | $192,029 |
| Net Land, buildings, and equipment | $5,522,672 |
| Investments—publicly traded securities | $2,080,199 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $8,690,669 |
| Accounts payable and accrued expenses | $44,136 |
| 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 | $0 |
| Total liabilities | $44,136 |
| Net assets without donor restrictions | $6,534,837 |
| Net assets with donor restrictions | $2,111,696 |
| 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 | $8,690,669 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mid-America Science Museum has recieved totaling $279,484.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: DIGISTAR 7 SYSTEM AND CONSTRUCTION FINAL PAYMENT | $272,484 |
Arvest Foundation Bentonville, AR PURPOSE: ARTS & CULTURE - GENERAL OPERATING SUPPORT | $5,000 |
The Hussman Foundation Little Rock, AR PURPOSE: EDUCATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-America Science Museum Hot Springs, AR | $8,690,669 | $2,940,977 |
Heard Natural Science Museum And Wildlife Sanctuary Inc Mckinney, TX | $5,672,839 | $1,651,000 |
Ozark Museum Of Natural History Cedar Creek, MO | $354,024 | $871,137 |
Academy Of Science Of St Louis St Louis, MO | $11,599,978 | $581,085 |
Medicine Park Museum Of Natural Science Inc Medicine Park, OK | $1,642,228 | $754,070 |
Brazos Valley Museum Of Natural History Bryan, TX | $600,098 | $456,496 |
Mississippi Museum Of Natural Science Foundation Jackson, MS | $694,934 | $276,446 |
Lubbock Sportsmans Club Inc Lubbock, TX | $162,859 | $294,410 |
Remember The Alamo Foundation San Antonio, TX | $457,970 | $100,866 |
Middle Tennessee Museum Of Natural History Rockvale, TN | $89,339 | $0 |
Missouri Institute Of Natural Science Springfield, MO | $486,680 | $0 |
Tropical Trail Region Of Texas Fulton, TX | $95,892 | $0 |