The Kentucky Science Center Inc
- Assets
- $8.2m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 153
- Location
- Louisville, KY
- Founding
- 05/1981
- Data as of
- 06/2023
- EIN
- 31-1005850
Organization Overview
The Kentucky Science Center Inc is located in Louisville, KY. The organization was established in 1981. 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 06/2023, Kentucky Science Center Inc employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Science Center 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 06/2023, Kentucky Science Center Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $6.4m during the year ending 06/2023. While expenses have increased by 3.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALREADY RECOGNIZED AS A LEADER IN INQUIRY-BASED LEARNING, KENTUCKY SCIENCE CENTER IS ADVANCING A STATEWIDE SCIENCE LITERACY CAMPAIGN TO ENCOURAGE PEOPLE OF ALL AGES TO EXPLORE SCIENCE IN EVERYDAY LIFE. ITS FLAGSHIP LOCATION ON LOUISVILLE, KY'S HISTORIC MUSEUM ROW, WELCOMES VISITORS FROM ACROSS THE GLOBE WITH 3 FLOORS OF INTERACTIVE EXHIBITS AND FILMS ON A 4-STORY SCREEN. WITH DAILY PROGRAMMING FOR CHILDREN, FAMILIES, AND ADULTS, THE SCIENCE CENTER PLAYS AN ONGOING ROLE IN THE REGION AS A RESOURCE FOR CAREGIVERS AND TEACHERS, A GATHERING PLACE FOR THE SCIENCE COMMUNITY, AND A CHOSEN SOURCE OF ENTERTAINMENT FOR ALL.
Describe the Organization's Program Activity:
EXHIBITS & FLAGSHIP - THE KENTUCKY SCIENCE CENTER WAS NAMED THE STATE SCIENCE CENTER OF KENTUCKY BY THE KENTUCKY GENERAL ASSEMBLY IN 2002 AND ACTIVELY SERVES INDIVIDUALS THROUGHOUT THE COMMONWEALTH AND INDIANA. IN 2023, KENTUCKY SCIENCE CENTER IMPACTED 100% OF KENTUCKY COUNTIES AND 95% OF INDIANA COUNTIES. IT IS THE LARGEST HANDS-ON SCIENCE CENTER IN KENTUCKY WITH INTERACTIVE EXHIBITS AND ACTIVITY STATIONS, A FOUR-STORY THEATER, TEACHING LABORATORIES, ON- AND OFF-SITE EDUCATIONAL PROGRAMS, PULSE OF SURGERY (OPEN HEART SURGERY) PROGRAM, AND DISTANCE LEARNING CAPABILITIES. THE KENTUCKY SCIENCE CENTER FEATURES INTERACTIVE EXHIBITS AND ENGAGING PROGRAMS THAT BENEFIT FAMILIES, ADULTS, SCHOOLS, AND BUSINESSES.
FOUR-STORY THEATER - KENTUCKY SCIENCE CENTER OFFERS A LARGE-FORMAT THEATER EXPERIENCE WITH A SCREEN THAT EXTENDS FOUR STORIES HIGH. THIS TRULY IMMERSIVE THEATER IS PROGRAMMED TO OFFER AN ARRAY OF FILMS THAT ARE BOTH EDUCATIONAL AND ENTERTAINING, TAKING VISITORS TO WORLDS THEY WOULD NOT OTHERWISE EXPERIENCE IN FULLY UNIQUE AND UNIMAGINABLE WAYS.
EDUCATION: SCHOOL FIELD TRIPS - KENTUCKY SCIENCE CENTER SERVES STUDENTS AND TEACHERS FROM ACROSS KENTUCKY AND INDIANA THROUGH SCHOOL FIELD TRIPS, DISTANCE LEARNING, AND EDUCATIONAL VAN PROGRAMS. THE ORGANIZATION BOASTS 6 LAB SPACES AND 5 CLASSROOMS EQUIPPED FOR HANDS-ON PARTICIPATION THAT CAN BE USED FOR STUDENT WORKSHOPS, TEACHER TRAINING, PARENT MENTORING, AND EDUCATIONAL SUMMER ENRICHMENT. PROGRAMS FOR STUDENTS AND TEACHERS CORRESPOND TO THE CORE CURRICULUM AREAS OF NEXT GENERATION SCIENCE STANDARDS TO SUPPORT 21ST CENTURY LEARNING SKILLS AND ARE COMPLEMENTED BY VISITS TO OUR PERMANENT EXHIBITION GALLERIES AND/OR VIEWINGS OF LARGE FORMAT FILMS. EARLY CHILDHOOD - KENTUCKY SCIENCE CENTER ENGAGES WITH CHILDREN AGES 0-8 AND THEIR PARENTS, CAREGIVERS, AND TEACHERS THROUGH A WEB OF SERVICES THAT INCLUDE ADULT/CHILD LEARNING EXPERIENCES, PARENT TRAININGS AND RESOURCES, TEACHER TRAININGS AND RESOURCES, MENTORING, NETWORKING AND COMMUNITY COLLABORATIONS. THESE PROGRAMS ARE ANCHORED BY THE SCIENCE CENTER'S EARLY CHILDHOOD EXHIBIT, "SCIENCE IN PLAY". IN ADDITION, THE TRAVELING EXHIBIT, "SCIENCE IN PLAY2GO" TRAVELS TO KENTUCKY LIBRARIES, SERVING 3-MONTH RESIDENCIES THAT GIVE FAMILIES THROUGHOUT THE COMMONWEALTH THE CHANCE TO EXPERIENCE HIGH QUALITY SCIENCE LITERACY EXPERIENCES IN THEIR LOCAL COMMUNITIES.EDUCATIONAL OUTREACH AND COMMUNITY PARTNERSHIPS - KENTUCKY SCIENCE CENTER ACTS AS A CATALYST FOR IMPROVED SCIENCE LITERACY ACROSS THE STATE BY OFFERING EVENTS AND ACTIVITIES AT OUR FLAGSHIP FACILITY AS WELL AS AT FESTIVALS, EVENTS, BUSINESSES, SCHOOLS AND OTHER PARTNER LOCATIONS. WE AFFILIATE WITH AN ECLECTIC ARRAY OF PARTNERS AND COLLABORATORS TO PROMOTE OUR SCIENCE LITERACY MISSION AND CURRENTLY BOAST TWO TRAVELING OUTREACH PROGRAMS FOR SCHOOLS. CAMPS/WORKSHOPS/SPECIAL EVENTS - SCIENCE LEARNING OUTSIDE THE CLASSROOM HAPPENS BOTH ON-SITE AT KENTUCKY SCIENCE CENTER AND THROUGHOUT THE REGION THROUGH PROGRAMS DESIGNED TO EXCITE AND ENGAGE YOUNG LEARNERS. THESE INCLUDE SCOUT PROGRAMS, FAMILY SCIENCE NIGHTS, AND SEASONAL SCHOOL'S OUT SCIENCE CAMPS THAT ARE POWERFUL OPPORTUNITIES TO BRING SCIENCE TO LIFE IN REAL, EXCITING AND NON-FORMAL WAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Norman Chief Executive Officer | Officer | 40 | $204,716 |
Joanna Haas Chief Creative Officer | 40 | $172,005 | |
Rebecca Baird Chief Financial Officer | Officer | 40 | $92,990 |
Aaron Butler Non-Compensated Board | Trustee | 1 | $0 |
Abby Piper Non-Compensated Board | Trustee | 1 | $0 |
Andrea Wilson Non-Compensated Board | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roto Group Llc Exhibit Design And Construction | 6/29/23 | $850,975 |
Aetna Atalian Building Maintenance | 6/29/23 | $184,178 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $132,147 |
| Related organizations | $0 |
| Government grants | $1,812,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $513,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,457,834 |
| Total Program Service Revenue | $3,695,731 |
| Investment income | $82,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,299 |
| Net Gain/Loss on Asset Sales | $55,452 |
| Net Income from Fundraising Events | -$52,648 |
| Net Income from Gaming Activities | $11,280 |
| Net Income from Sales of Inventory | $148,487 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,438,764 |
| 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. | $338,819 |
| Compensation of current officers, directors, key employees. | $182,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,924,912 |
| Pension plan accruals and contributions | $37,560 |
| Other employee benefits | $241,324 |
| Payroll taxes | $252,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,800 |
| Fees for services: Lobbying | $15,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,120 |
| Fees for services: Other | $443,357 |
| Advertising and promotion | $242,197 |
| Office expenses | $194,609 |
| Information technology | $61,738 |
| Royalties | $0 |
| Occupancy | $587,104 |
| Travel | $28,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,986 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $694,082 |
| Insurance | $41,958 |
| All other expenses | $0 |
| Total functional expenses | $6,440,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,661 |
| Savings and temporary cash investments | $2,191,213 |
| Pledges and grants receivable | $527,237 |
| Accounts receivable, net | $416,204 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,810 |
| Prepaid expenses and deferred charges | $53,477 |
| Net Land, buildings, and equipment | $4,258,260 |
| Investments—publicly traded securities | $725,349 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,112 |
| Total assets | $8,232,323 |
| Accounts payable and accrued expenses | $549,893 |
| Grants payable | $0 |
| Deferred revenue | $816,461 |
| 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 | $4,112 |
| Total liabilities | $1,370,466 |
| Net assets without donor restrictions | $5,935,431 |
| Net assets with donor restrictions | $926,426 |
| 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 | $8,232,323 |