Delaware Academy Of Science Inc
- Assets
- $1.1m
- Revenue
- $86.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Newark, DE
- Founding
- 12/1968
- Data as of
- 12/2021
- EIN
- 23-7004876
Organization Overview
Delaware Academy Of Science Inc is located in Newark, DE. The organization was established in 1968. 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, Delaware Academy Of Science Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Academy Of Science 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 12/2021, Delaware Academy Of Science Inc generated $86.5k 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 (6.0%) each year. All expenses for the organization totaled $125.8k 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
TO PROVIDE, THROUGH THE IRON HILL MUSEUM, AN EDUCATIONAL RESOURCE FOR THE STUDY OF HUMAN AND NATURAL HISTORY OF THE IRON HILL REGION, ITS PROGRAMS, COLLECTIONS AND LIBRARY, INTERPRET THE RELATIONSHIPS BETWEEN THE PEOPLE AND THE LAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE IRON HILL MUSEUM, WHICH IS AN EDUCATIONAL SOURCE FOR THE STUDY OF HUMAN AND NATURAL HISTORY OF THE IRON HILL REGION OF DELAWARE. THE MUSEUM PROVIDES EDUCATIONAL PROGRAMS TO STUDENTS SUCH AS THE EARTH SCIENCES PROGRAM, THE NATIVE AMERICAN PROGRAM AND THE "GOING BATTY" PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Keese Vice-President | Officer | 4 | $0 |
Robin Broomall President | Officer | 10 | $0 |
Carol Mills Secretary | Officer | 0.5 | $0 |
Elisabeth Edwards Treasurer | Officer | 2 | $0 |
Shawn Klapinsky Director | Trustee | 1 | $0 |
Charles Brown Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $582 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,808 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,435 |
| Total Program Service Revenue | $12,862 |
| Investment income | $244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,918 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,459 |
| 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 | $50,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,842 |
| 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 | $606 |
| Office expenses | $3,667 |
| Information technology | $750 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $33,709 |
| Insurance | $6,301 |
| All other expenses | $0 |
| Total functional expenses | $125,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,619 |
| Savings and temporary cash investments | $10,611 |
| Pledges and grants receivable | $0 |
| 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 | $1,095,234 |
| Investments—publicly traded securities | $4,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,134,449 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,422 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,092,832 |
| Retained earnings, endowment, accumulated income, or other funds | $36,195 |
| Total liabilities and net assets/fund balances | $1,134,449 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Delaware Academy Of Science Inc has recieved totaling $2,535.
| Awarding Organization | Amount |
|---|---|
David B Jones Foundation Wilmington, DE PURPOSE: PALEOZOO AT IRON HILL MUSEUM & SCIENCE CENTER | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delaware And Lehigh National Heritage Corridor Inc Easton, PA | $5,340,261 | $2,619,266 |
Steam Into History Inc New Freedom, PA | $6,099,078 | $1,816,978 |
North Museum Corporation Lancaster, PA | $3,613,910 | $737,297 |
Cape May Point Science Center Cape May, NJ | $5,583,750 | $937,449 |
Delaware Academy Of Science Inc Newark, DE | $1,134,449 | $86,459 |
Franklin Mineral Museum Inc Franklin, NJ | $1,638,956 | $200,308 |
Rockville Science Center Inc Rockville, MD | $141,757 | $0 |
Armed Forces Heritage House Burlington, NJ | $167,874 | $94,123 |
Newark History Society Inc Newark, NJ | $41,237 | $0 |
Philadelphia Vietnam Veterans Memorial Advisory Fund Philadelphia, PA | $90,787 | $69,883 |
Valley Historic Conservancy Meadville, PA | $175 | $1,925 |
Davis Homewood Foundation Inc Salisbury, MD | $0 | $1 |