Toledo Science Center
- Assets
- $7.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 63
- Location
- Toledo, OH
- Founding
- 10/1993
- Data as of
- 06/2022
- EIN
- 31-1337258
Organization Overview
Toledo Science Center, operating under the name Imagination Station, is located in Toledo, OH. The organization was established in 1993. 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 06/2022, Imagination Station employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagination Station 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 06/2022, Imagination Station generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPARK A PASSION FOR THE SCIENCES BY COMBINING INTERACTIVE EXHIBITS AND EDUCATIONAL PROGRAMMING.
Describe the Organization's Program Activity:
IMAGINATION STATION, TOLEDO'S SCIENCE CENTER FEATURES HUNDREDS OF HANDS-ON EXHIBITS, 6 LEARNING WORLDS, 4 ATTRACTIONS, THE KEYBANK DISCOVERY THEATER, A TRAVELING EXHIBITION SPACE AND A VARIETY OF DEMONSTRATIONS. THE SCIENCE CENTER EXPLORES THE TOPICS OF ENGINEERING, ENERGY, WATER, PERCEPTION, AGRICULTURE, PRE-K DEVELOPMENT AND HEALTH. THIS FISCAL YEAR, WE HAD OVER 162,932 VISITORS TO THE SCIENCE CENTER AND 26,986 EDUCATIONAL FILMS VISITORS. AS A SERVICE TO THE COMMUNITY, WE OFFER FREE LUCAS COUNTY KIDS EVERY SATURDAY, FREE VETERANS ON VETERANS DAY, FREE MOMS ON MOTHER'S DAY, FREE DADS ON FATHER'S DAY AND FREE TEACHERS EVERY DAY. WE ALSO OFFER DISCOUNTS TO ACTIVE MILITARY PERSONNEL AND LUCAS COUNTY RESIDENTS AND SCHOOLS. NORMAL OPERATING HOURS: TUESDAY - SATURDAY 10AM-5PM, SUNDAY NOON-5PM.
THE SCIENCE CENTER PROVIDES A VARIETY OF HANDS-ON WORKSHOPS FOR TEACHERS AND STUDENT GROUPS THROUGHOUT THE SCHOOL YEAR AND SUMMER SEASON. THIS PAST YEAR, WE WELCOMED 302 SCHOOLS AND GROUPS ON FIELD TRIPS, AND WE BROUGHT INTERACTIVE SCIENCE TO 17,627 STUDENTS AND FAMILIES THROUGH OUTREACH PROGRAMS. SCHOOL PROGRAMS INCLUDE: CLASSROOM FIELD TRIPS, SCIENCE FESTIVALS, WORKSHOPS ON WHEELS, SUMMER CAMPS AND SCOUT PROGRAMS. BECAUSE OF THE FISCAL CHALLENGES SCHOOLS ARE FACING, WE CREATED ADOPT-A-SCHOOL, WHICH SERVED 4,176 STUDENTS, EDUCATORS AND CHAPERONES THIS PAST FISCAL YEAR. THIS PROGRAM GIVES CORPORATIONS AND FOUNDATIONS A WAY OF DIRECTLY IMPACTING THE CHILDREN IN THEIR COMMUNITY BY PROVIDING THEM WITH FIELD TRIPS TO IMAGINATION STATION OR EDUCATIONAL WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Nitschke Trustee | Trustee | 1 | $0 |
Michael Koralewski Trustee | Trustee | 1 | $0 |
Bruce Rumpf Trustee | Trustee | 1 | $0 |
Marianne Peters Trustee | Trustee | 1 | $0 |
Callie Jacoby Trustee | Trustee | 1 | $0 |
Paul Favorite Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lathrop Company Inc Building & Construction | 6/29/21 | $424,967 |
Hart Associates Inc Marketing, Media & Pr | 6/29/21 | $137,009 |
Dependable Painting Co Labor And Painting | 6/29/21 | $132,940 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $483,874 |
| Fundraising events | $48,981 |
| Related organizations | $0 |
| Government grants | $2,280,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $739,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,552,938 |
| Total Program Service Revenue | $1,353,141 |
| Investment income | $5,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $132 |
| Net Income from Fundraising Events | $97,187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $48,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,089,369 |
| 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. | $135,485 |
| Compensation of current officers, directors, key employees. | $33,872 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,201,314 |
| Pension plan accruals and contributions | $14,309 |
| Other employee benefits | $178,708 |
| Payroll taxes | $138,392 |
| 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 | $344,012 |
| Advertising and promotion | $501,618 |
| Office expenses | $124,631 |
| Information technology | $46,543 |
| Royalties | $0 |
| Occupancy | $328,241 |
| Travel | $4,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,931 |
| Interest | $20,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $535,820 |
| Insurance | $49,020 |
| All other expenses | $57,109 |
| Total functional expenses | $4,491,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,238,459 |
| Savings and temporary cash investments | $805,272 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $765,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,848 |
| Prepaid expenses and deferred charges | $134,313 |
| Net Land, buildings, and equipment | $2,909,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,924,156 |
| Accounts payable and accrued expenses | $1,997,781 |
| Grants payable | $0 |
| Deferred revenue | $399,373 |
| 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 | $452,371 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,849,525 |
| Net assets without donor restrictions | $4,621,448 |
| Net assets with donor restrictions | $453,183 |
| 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 | $7,924,156 |