Toledo Science Center
- Assets
- $5.6m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 63
- Location
- Toledo, OH
- Founding
- 10/1993
- Data as of
- 06/2020
- 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 06/2021, 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 06/2020, Imagination Station generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. 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
2020
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:
Part 3 - Line 4a
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 12,459 VISITORS TO THE SCIENCE CENTER AND 2,430 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 328 SCHOOLS AND GROUPS ON FIELD TRIPS, AND WE BROUGHT INTERACTIVE SCIENCE TO 10,375 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 796 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 |
|---|---|---|---|
Lori Hauser CEO | Officer | 40 | $113,423 |
David F Waterman Chairman | Officer | 5 | $0 |
Thomas Winston Treasurer | Officer | 2 | $0 |
Robert Savage Vice-Chairman | Officer | 2 | $0 |
James Hoffman Vice-Chairman | Officer | 2 | $0 |
Drew Nitschke 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 | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,361,026 |
| Investment income | $25,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,473 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,864 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,169,037 |
| Statement of Expenses | |
|---|---|
| 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. | $110,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,531,463 |
| Pension plan accruals and contributions | $11,832 |
| Other employee benefits | $168,279 |
| Payroll taxes | $135,415 |
| 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 | $198,971 |
| Advertising and promotion | $168,261 |
| Office expenses | $90,225 |
| Information technology | $34,745 |
| Royalties | $0 |
| Occupancy | $274,258 |
| Travel | $21,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,077 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $429,727 |
| Insurance | $50,121 |
| All other expenses | $0 |
| Total functional expenses | $3,713,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,064,368 |
| Savings and temporary cash investments | $801,752 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $939,081 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $106,488 |
| Prepaid expenses and deferred charges | $25,411 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,601,246 |
| Accounts payable and accrued expenses | $543,321 |
| Grants payable | $0 |
| Deferred revenue | $259,240 |
| 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 | $602,158 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,404,719 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,196,527 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Toledo Science Center has recieved totaling $117,488.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $75,500 |
Toledo Community Foundation Toledo, OH PURPOSE: GENERAL SUPPORT, TOLEDO TINKERS: THROUGH A CHILD'S EYES INITIATIVE., COMMUNITY STEM EDUCATION, ANNUAL GIFT, BUILDING CONFIDENCE | $23,544 |
Martha Holden Jennings Foundation Cleveland, OH PURPOSE: A-122-21 ENGINEERING FOR CONFIDENCE | $18,171 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Kentucky Science Center Inc Louisville, KY | $5,223,902 | $4,115,750 |
Toledo Science Center Toledo, OH | $5,601,246 | $4,169,037 |
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 |
Lancaster Science Center Lancaster, PA | $3,068,922 | $1,227,133 |
Aviation Heritage Foundation Inc Dayton, OH | $1,810,938 | $880,670 |
Model-T Automotive Heritage Complex Inc Detroit, MI | $2,459,654 | $509,835 |
Quiet Valley Living Historical Farm Stroudsburg, PA | $2,239,844 | $387,900 |
Ispace Inc Evendale, OH | $1,021,347 | $594,899 |
Reading Science Center Reading, PA | $316,851 | $319,174 |