Montshire Museum Of Science
- Assets
- $18.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 61
- Location
- Norwich, VT
- Founding
- 07/1992
- Data as of
- 09/2023
- EIN
- 23-7376772
Organization Overview
Montshire Museum Of Science is located in Norwich, VT. The organization was established in 1992. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Montshire Museum Of Science employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montshire Museum Of Science 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 09/2023, Montshire Museum Of Science generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.2m during the year ending 09/2023. While expenses have increased by 1.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MONTSHIRE MUSEUM'S MISSION IS TO AWAKEN AND ENCOURAGE A LIFELONG INTEREST IN SCIENCE THROUGH EXHIBITS AND PROGRAMMING DEDICATED TO HANDS-ON DISCOVERY AND EDUCATION FOR PEOPLE OF ALL AGES. UNIQUE TO THIS MISSION IS MONTSHIRE'S 100-ACRE NEW ENGLAND RIVERFRONT SETTING, WHICH FOSTERS DEEP AND CREATIVE LEARNING IN BOTH PHYSICAL AND NATURAL SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONTSHIRE MUSEUM OF SCIENCE, INC OFFERS PROGRAMS FOR ALL AGES COVERING A BROAD RANGE OF SCIENCE, TECHNOLOGY, AND NATURAL HISTORY. MUSEUM EDUCATORS PRESENT PROGRAMS, COURSES AND WORKSHOPS FOR ADULTS, FOR FAMILIES, AND FOR CHILDREN AND YOUTH. MUSEUM EDUCATORS ALSO PROVIDE A RANGE OF SCIENCE PROGRAMS AND EDUCATIONAL SERVICES FOR SCHOOLS THROUGHOUT ITS BI-STATE REGION.
THE MONTSHIRE MUSEUM OF SCIENCE, INC. IS A HANDS-ON MUSEUM, OFFERING DOZENS OF EXCITING EXHIBITS RELATING TO THE NATURAL AND PHYSICAL SCIENCES, ECOLOGY, AND TECHNOLOGY. EXHIBITS ARE OFFERED THROUGHOUT THE MONTSHIRE'S 34,000 SQUARE-FOOT FACILITY AND OUTDOORS ON THE 100-ACRE MUSEUM GROUNDS.
THE MONTSHIRE MUSEUM OF SCIENCE, INC. OPERATES A RETAIL STORE AT ITS NORWICH, VERMONT LOCATION. THE STORE FEATURES EDUCATIONAL AND RECREATIONAL MERCHANDISE EMPHASIZING NATURE AND SCIENCE THEMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bettmann Chair | OfficerTrustee | 1 | $0 |
Mark Creager Trustee | Trustee | 1 | $0 |
Matthew Delmont Trustee | Trustee | 1 | $0 |
Jerry Desilva Secretary | OfficerTrustee | 1 | $0 |
Tracey Evans Trustee | Trustee | 1 | $0 |
Jennifer Hutchins Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $161,709 |
| All other contributions, gifts, grants, and similar amounts not included above | $544,512 |
| Noncash contributions included in lines 1a–1f | $97,530 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $706,221 |
| Total Program Service Revenue | $1,442,282 |
| Investment income | $89,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,481 |
| Net Gain/Loss on Asset Sales | $729,486 |
| Net Income from Fundraising Events | $158,709 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $241,786 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,462,728 |
| 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. | $195,606 |
| Compensation of current officers, directors, key employees. | $58,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,305,610 |
| Pension plan accruals and contributions | $77,731 |
| Other employee benefits | $166,201 |
| Payroll taxes | $105,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,830 |
| Office expenses | $138,739 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,853 |
| Travel | $15,447 |
| 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 | $626,253 |
| Insurance | $45,117 |
| All other expenses | $30,312 |
| Total functional expenses | $3,224,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,762 |
| Savings and temporary cash investments | $1,539,869 |
| Pledges and grants receivable | $200,175 |
| Accounts receivable, net | $3,670 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,436 |
| Prepaid expenses and deferred charges | $17,078 |
| Net Land, buildings, and equipment | $7,122,791 |
| Investments—publicly traded securities | $9,885,035 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,824,816 |
| Accounts payable and accrued expenses | $150,927 |
| Grants payable | $0 |
| Deferred revenue | $335,718 |
| 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 | $17,549 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,753 |
| Total liabilities | $538,947 |
| Net assets without donor restrictions | $11,712,869 |
| Net assets with donor restrictions | $6,573,000 |
| 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 | $18,824,816 |