University City Science Center
- Assets
- $134.5m
- Revenue
- $18.7m
- Investments
- $15.9m
- Employees
- 84
- Location
- Philadelphia, PA
- Founding
- 06/1966
- Data as of
- 12/2023
- EIN
- 23-1645908
Organization Overview
University City Science Center is located in Philadelphia, PA. The organization was established in 1966. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. As of 12/2023, University City Science Center employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University City Science Center 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, University City Science Center generated $18.7m 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 (6.8%) each year. All expenses for the organization totaled $21.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University City Science Center has awarded 78 individual grants totaling $5,102,174. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO POWER PROGRESS THAT ADVANCES SCIENCE AND HEALTHCARE INNOVATION, UPLIFTS COMMUNITIES, AND IMPROVES LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
URBAN RESEARCH PARKSEE DETAIL SCHEDULE O NARRATIVE
CULTIVATE AND CONVENESEE DETAIL SCHEDULE O NARRATIVE
COMMERCIALIZATIONSEE DETAIL SCHEDULE O NARRATIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Wilson President & CEO | OfficerTrustee | 40 | $495,021 |
Michael A Dipiano Chair | OfficerTrustee | 1 | $0 |
Craig R Carnaroli Vice Chair | OfficerTrustee | 1 | $0 |
Jane H Hollingsworth Vice Chair | OfficerTrustee | 1 | $0 |
Kathleen M Shay Board Member | Trustee | 1 | $0 |
Ernest J Dianastasis Board Member | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Stack Investors Llc Consultants | 12/30/23 | $278,479 |
Gdi Services Inc Janitorial Services | 12/30/23 | $218,387 |
Eisneramper Llp Financial Services | 12/30/23 | $157,260 |
Cushman & Wakefield Property Management Property Management | 12/30/23 | $152,709 |
Synergi Partners Inc Consultants | 12/30/23 | $151,233 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $143,010 |
| Related organizations | $0 |
| Government grants | $2,616,835 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,701,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,461,000 |
| Total Program Service Revenue | $11,405,913 |
| Investment income | $2,326,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $490,294 |
| Net Income from Fundraising Events | $7,671 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,691,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,000 |
| Grants and other assistance to domestic individuals. | $242,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,707,514 |
| Compensation of current officers, directors, key employees. | $1,435,561 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,783,764 |
| Pension plan accruals and contributions | $381,376 |
| Other employee benefits | $402,231 |
| Payroll taxes | $523,903 |
| Fees for services: Management | $10,651 |
| Fees for services: Legal | $138,406 |
| Fees for services: Accounting | $160,933 |
| Fees for services: Lobbying | $82,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,693,511 |
| Advertising and promotion | $351,265 |
| Office expenses | $1,229,004 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,447,775 |
| Travel | $243,867 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $906,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,509,556 |
| Insurance | $285,399 |
| All other expenses | $0 |
| Total functional expenses | $21,224,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,494,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,430,473 |
| 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 | $237,805 |
| Net Land, buildings, and equipment | $18,395,747 |
| Investments—publicly traded securities | $78,734,861 |
| Investments—other securities | $15,925,286 |
| Investments—program-related | $2,437,049 |
| Intangible assets | $0 |
| Other assets | $12,822,095 |
| Total assets | $134,478,155 |
| Accounts payable and accrued expenses | $3,142,359 |
| Grants payable | $0 |
| Deferred revenue | $333,154 |
| 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 | $17,940,800 |
| Unsecured mortgages and notes payable | $486,025 |
| Other liabilities | $8,783,165 |
| Total liabilities | $30,685,503 |
| Net assets without donor restrictions | $103,567,652 |
| Net assets with donor restrictions | $225,000 |
| 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 | $134,478,155 |
Grants Awarded
Over the last fiscal year, University City Science Center has awarded $358,620 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR CANCER RESEARCH PURPOSE: Proof of concept funding | $119,540 |
PRINCETON UNIVERSITY PURPOSE: Proof of concept funding | $119,540 |
TEMPLE UNIVERSITY PURPOSE: Proof of concept funding | $119,540 |