Impression 5 Science Center
- Assets
- $3.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 39
- Location
- Lansing, MI
- Founding
- 01/1975
- Data as of
- 09/2021
- EIN
- 23-7200548
Organization Overview
Impression 5 Science Center is located in Lansing, MI. The organization was established in 1975. 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 09/2021, Impression 5 Science Center employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impression 5 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 09/2021, Impression 5 Science Center generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $1.6m during the year ending 09/2021. 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 SPARK CURIOSITY AND ENCOURAGE SCIENTIFIC EXPLORATION WITH HANDS-ON EXHIBITS AND PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPRESSION 5 PROVIDED MORE THAN 150 ACTIVITIES WITHIN OUR EXHIBITS THAT GIVES VISITORS A SELF-CHOICE, LEARNER-DIRECTED ENVIRONMENT DESIGNED TO PROVIDE EACH OF OUR VISITORS WITH THE TOOLS AND FREEDOM TO EXPLORE SCIENCE CONCEPTS IN WAYS THAT ARE SUITED TO HIS OR HER INDIVIDUAL INTERESTS, NEEDS, AND LEARNING STYLE.
PROVIDED EDUCATIONAL PROGRAMS, CAMPS AND SPECIAL EVENTS TO VISITORS THAT INCLUDE HOMESCHOOL SCIENCE DAYS, L.A.B.S. CAMPS, SCIENCE PLAY AND SCOUTS, ENGINEERING DAY AND FIELD TRIP WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Larson Executive Director | Officer | 45 | $73,962 |
Matt Mcgaughey Chair | OfficerTrustee | 0.5 | $0 |
Erin Schor Immediate Past Chair | OfficerTrustee | 0.5 | $0 |
Tom Muth Vice-Chair | OfficerTrustee | 0.5 | $0 |
Melissa Nay Secretary | OfficerTrustee | 0.5 | $0 |
Jennifer Needham Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $99,051 |
| Fundraising events | $102,088 |
| Related organizations | $0 |
| Government grants | $262,255 |
| All other contributions, gifts, grants, and similar amounts not included above | $719,693 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,183,087 |
| Total Program Service Revenue | $304,961 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,043 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,755 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,131,343 |
| 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. | $76,358 |
| Compensation of current officers, directors, key employees. | $9,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $551,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,029 |
| Payroll taxes | $49,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $199,785 |
| Advertising and promotion | $35,143 |
| Office expenses | $69,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,977 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,189 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246,198 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,624,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,790 |
| Savings and temporary cash investments | $252,784 |
| Pledges and grants receivable | $146,260 |
| Accounts receivable, net | $3,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $89,706 |
| Prepaid expenses and deferred charges | $9,677 |
| Net Land, buildings, and equipment | $3,134,259 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,728,176 |
| Accounts payable and accrued expenses | $136,767 |
| Grants payable | $0 |
| Deferred revenue | $94,599 |
| 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 | $709,799 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $941,165 |
| Net assets without donor restrictions | $2,372,789 |
| Net assets with donor restrictions | $414,222 |
| 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 | $3,728,176 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Impression 5 Science Center has recieved totaling $5,100.
| Awarding Organization | Amount |
|---|---|
Greater Lansing Foundation Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $5,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Toledo Science Center Toledo, OH | $5,601,246 | $4,169,037 |
Wisconsin Agricultural Education Center Inc Manitowoc, WI | $11,673,876 | $384,322 |
Impression 5 Science Center Lansing, MI | $3,728,176 | $1,131,343 |
Wonderlab-Museum Of Science Health & Technology Inc Bloomington, IN | $4,147,404 | $968,426 |
Ohio Academy Of Science Dublin, OH | $1,206,586 | $1,431,773 |
Lake Erie Junior Nature & Science Center Bay Village, OH | $6,453,356 | $1,686,404 |
Aviation Heritage Foundation Inc Dayton, OH | $1,810,938 | $880,670 |
Model-T Automotive Heritage Complex Inc Detroit, MI | $2,459,654 | $509,835 |
Ispace Inc Evendale, OH | $1,021,347 | $594,899 |
Cognition Beulah, MI | $508,404 | $374,503 |
Iqhub St Johns, MI | $171,390 | $0 |
Smart Cities - Techstreet Houston Inc Stow, OH | $41,644 | $0 |