Discovery Center Of Science And Technology
- Assets
- $7.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 36
- Location
- Syracuse, NY
- Founding
- 03/1980
- Data as of
- 12/2021
- EIN
- 22-2287569
Organization Overview
Discovery Center Of Science And Technology, operating under the name The Milton J Rubenstein Museum Of Science & Technology, is located in Syracuse, NY. The organization was established in 1980. 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 12/2021, Milton J Rubenstein Museum Of Science & Technology employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milton J Rubenstein Museum Of Science & Technology 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, Milton J Rubenstein Museum Of Science & Technology 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 (3.5%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A "HANDS-ON" PARTICIPATORY SCIENCE MUSEUM, IMAX THEATER, AND PLANETARIUM, WHICH SERVED 54,913 VISITORS IN 2021. OTHER ACTIVITIES INCLUDE A FULL RANGE OF WORKSHOPS, LECTURES, TEACHER TRAINING, REGIONAL SCIENCE FAIR, DEMONSTRATIONS, AND EDUCATIONAL PROGRAMS-BOTH AT THE MUSEUM AND AT OUTREACH LOCATIONS THROUGHOUT UPSTATE NEW YORK, FOR THE GENERAL PUBLIC, SCHOOL GROUPS, AND CHILDREN AT RISK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A HANDS-ON PARTICIPATORY SCIENCE MUSEUM, IMAX THEATER, AND PLANETARIUM. OTHER ACTIVITIES: FULL RANGE OF WORKSHOPS, LECTURES, TEACHER TRAINING, REGIONAL SCIENCE FAIR, DEMONSTRATIONS, AND EDUCATION PROGRAMS-BOTH AT THE MUSEUM AND AT OUTREACH LOCATIONS THROUGHOUT UPSTATE NY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Kochian President | Trustee | 22 | $100,156 |
Karyn Gerling Vice Chair #2 | OfficerTrustee | 1 | $0 |
Lemir Teron Secretary | OfficerTrustee | 1 | $0 |
Michael Leone Chair | OfficerTrustee | 1 | $0 |
John Spina Vice Chair #1 | OfficerTrustee | 1 | $0 |
Alfred Boudreau Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $80,480 |
| Fundraising events | $0 |
| Related organizations | $1,557,884 |
| Government grants | $1,089,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,800,179 |
| Total Program Service Revenue | $533,463 |
| Investment income | $276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$449,311 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $32,427 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,939,624 |
| 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. | $80,227 |
| Compensation of current officers, directors, key employees. | $8,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $886,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $132,838 |
| Payroll taxes | $75,649 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,353 |
| Office expenses | $135,461 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,724 |
| Travel | $882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $167,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $512,049 |
| Insurance | $56,213 |
| All other expenses | $23,447 |
| Total functional expenses | $2,405,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,163 |
| Savings and temporary cash investments | $70,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $722 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,013 |
| Prepaid expenses and deferred charges | $10,359 |
| Net Land, buildings, and equipment | $6,590,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $233,612 |
| Total assets | $7,086,838 |
| Accounts payable and accrued expenses | $617,269 |
| Grants payable | $0 |
| Deferred revenue | $72,974 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,333,615 |
| Secured mortgages and notes payable | $256,085 |
| Unsecured mortgages and notes payable | $400,000 |
| Other liabilities | $0 |
| Total liabilities | $3,679,943 |
| Net assets without donor restrictions | $3,406,895 |
| 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 | $7,086,838 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Discovery Center Of Science And Technology has recieved totaling $101,186.
| Awarding Organization | Amount |
|---|---|
Molina Healthcare Charitable Foundation Wilmington, DE PURPOSE: EXCLUSIVE LIFETIME SPONSORSHIP OF THE MULTI-MEDIA LAB | $75,000 |
Technology Club Of Syracuse Syracuse, NY PURPOSE: PROGRAMMING | $21,000 |
J M Mcdonald Foundation Inc Wilmington, DE PURPOSE: MUSEUM OF SCIENCE & TECHNOLOGY FOUNDATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $186 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Hall Of Science Corona, NY | $55,888,000 | $24,146,143 |
Connecticut Science Center Inc Hartford, CT | $119,953,692 | $10,532,806 |
Museums At Mitchel Garden City, NY | $4,107,366 | $4,719,016 |
Sciencenter Discovery Museum Ithaca, NY | $10,990,540 | $3,575,677 |
Discovery Center Of Science And Technology Syracuse, NY | $7,086,838 | $2,939,624 |
Antique Boat Museum Clayton, NY | $21,965,515 | $5,416,390 |
Lancaster Science Center Lancaster, PA | $3,068,922 | $1,227,133 |
Buehler Challenger & Science Center Foundation Inc Paramus, NJ | $1,090,071 | $724,251 |
Sterling Hill Mining Museum Inc Ogdensburg, NJ | $7,322,067 | $422,071 |
Quiet Valley Living Historical Farm Stroudsburg, PA | $2,239,844 | $387,900 |
Regional Science And Discovery Center Inc Corning, NY | $92,355 | $389,592 |
Blue Hill Observatory Science Center Inc Readville, MA | $283,433 | $360,632 |