Museum Of Science & Technology Foundation
- Assets
- $1.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 22-3158446
Organization Overview
Museum Of Science & Technology Foundation is located in Syracuse, NY. The organization was established in 1992. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Science & Technology Foundation 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, Museum Of Science & Technology Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 11.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF THE DISCOVERY CENTER OF SCIENCE & TECHNOLOGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOSTERS AND SUPPORTS THE DEVELOPMENT OF THE DISCOVERY CENTER OF SCIENCE & TECHNOLOGY, D/B/A THE MUSEUM OF SCIENCE & TECHNOLOGY OR "THE MOST", THROUGH VARIOUS FUNDRAISING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Kochian Most President | OfficerTrustee | 18 | $0 |
Andrew Flamik Vice Chair | OfficerTrustee | 1 | $0 |
George Mcguire Chair | OfficerTrustee | 1 | $0 |
Kathleen Metallo-Mason Secretary | OfficerTrustee | 1 | $0 |
Alfred Boudreau Treasurer | OfficerTrustee | 1 | $0 |
Heather Feng Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,560,770 |
| Noncash contributions included in lines 1a–1f | $493,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,560,770 |
| Total Program Service Revenue | $0 |
| Investment income | $1,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,337 |
| Net Income from Gaming Activities | $29,388 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,621,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,557,884 |
| 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 | $160,598 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,286 |
| 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 | $250 |
| Office expenses | $2,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,933 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,959 |
| All other expenses | $7,428 |
| Total functional expenses | $1,802,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,315 |
| Savings and temporary cash investments | $345,586 |
| Pledges and grants receivable | $574,438 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,817 |
| Total assets | $1,215,156 |
| Accounts payable and accrued expenses | $138,317 |
| 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 | $233,612 |
| Total liabilities | $371,929 |
| Net assets without donor restrictions | -$421,673 |
| Net assets with donor restrictions | $1,264,900 |
| 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 | $1,215,156 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Museum Of Science & Technology Foundation has recieved totaling $459,872.
| Awarding Organization | Amount |
|---|---|
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT; CAPITAL SUPPORT; SPONSORSHIP SUPPORT | $355,550 |
Richard S Shineman Foundation Oswego, NY PURPOSE: GENERAL OPERATING | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $16,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $12,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,200 |
Jewish Community Foundation Of Dewitt, NY PURPOSE: GENERAL SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |