Louisiana Discovery Museum Inc
- Assets
- $348.8k
- Revenue
- $307.3k
- Investments
- $0.0
- Employees
- 16
- Location
- Hammond, LA
- Founding
- 12/2006
- Data as of
- 12/2023
- EIN
- 20-5251359
Organization Overview
Louisiana Discovery Museum Inc is located in Hammond, LA. The organization was established in 2006. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Louisiana Discovery Museum Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana 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 12/2023, Louisiana Discovery Museum Inc generated $307.3k 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 (4.1%) each year. All expenses for the organization totaled $263.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE LOUISIANA CHILDREN'S DISCOVERY CENTER, INC. IS TO ENHANCE THE QUALITY OF LIFE FOR CHILDREN OF HAMMOND, LOUISIANA, AND THE SURROUNDING AREA, IN PARTICULAR THROUGH THE CREATION, FUNDING, AND OPERATION OF A CHILDREN'S MUSEUM, RECEIPT AND DISBURSEMENT OF GRANTS, REVENUES AND DONATIONS, AND CREATION OF COLLABORATIVE PARTNERSHIPS IN RELATION TO THE MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHILDREN'S MUSEUM WHICH ALLOWS CHILDREN UP TO AGE TWELVE TO LEARN AND EXPLORE TOGETHER IN A HANDS-ON ENVIRONMENT AND ENCOURAGE LEARNING AND DISCOVERY THROUGH PLAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobbie L Wolfe Operations M | Officer | 40 | $30,000 |
William Buras Vice Preside | OfficerTrustee | 2 | $0 |
Corie Downing Director | Trustee | 2 | $0 |
Marshall Eppes Director | Trustee | 2 | $0 |
Daryl Ferrara Treasurer | OfficerTrustee | 2 | $0 |
Ron Genco Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,950 |
| Total Program Service Revenue | $213,126 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $956 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,305 |
| 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 | $120,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $590 |
| Payroll taxes | $9,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15 |
| Fees for services: Accounting | $15,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,061 |
| Information technology | $8,012 |
| Royalties | $0 |
| Occupancy | $39,254 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44 |
| Insurance | $19,657 |
| All other expenses | $3,987 |
| Total functional expenses | $263,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,899 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,956 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,700 |
| Total assets | $348,765 |
| Accounts payable and accrued expenses | $5,953 |
| 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 | $5,953 |
| Net assets without donor restrictions | $342,812 |
| Net assets with donor restrictions | $0 |
| 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 | $348,765 |