Discovery World Ltd
- Assets
- $54.8m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 118
- Location
- Milwaukee, WI
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 39-1691578
Organization Overview
Discovery World Ltd is located in Milwaukee, WI. The organization was established in 1991. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Discovery World Ltd employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery World Ltd 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 12/2021, Discovery World Ltd generated $7.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISCOVERY WORLD EDUCATES, MOTIVATES,MOBILIZES AND INSPIRES THE INNOVATORS AND ENTREPRENEURS OF THE 21ST CENTURY. WE CONNECT INNOVATION, SCIENCE, AND TECHNOLOGY WITH EXPLORATION, ENVIRONMENT, AND OUR GREAT LAKES FRESHWATER RESOURCES THROUGH INTERACTIVE EXHIBITS AND EXPERIMENTAL LEARNING PROGRAMS.
Describe the Organization's Program Activity:
THE MUSEUM OFFERS EDUCATIONAL PROGRAMS, CAMPS AND TOURS TO THE PUBLIC WHICH PROVIDES THE PUBLIC AN OPPORTUNITY TO INTERACT WITH THE SCIENTIFIC, ECONOMIC, AND TECHNOLOGICAL EXHIBITS.
SCHOONER EDUCATIONAL PROGRAMS FOCUSING ON SHIP BUILDING, THE GREAT LAKES, AND WATER ECOLOGY. DISCOVERY WORLD ALSO OPERATES A MARITIME MUSEUM WHICH DEMONSTRATES HISTORICAL INFORMATION ABOUT LIFE ON THE GREAT LAKES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Wunar CEO And President | OfficerTrustee | 55 | $180,731 |
Carl Schoettel Chief Operating Officer | Officer | 55 | $123,377 |
James Karls Chief Financial Officer | Officer | 55 | $97,160 |
John Emmerich VP Exhibits And Audience Engagement | Officer | 55 | $94,376 |
Terrence Mcmahon Board Chair | OfficerTrustee | 1 | $0 |
Joe Pfaff Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gilbane Building Company Construction | 12/30/19 | $219,108 |
Learning Shop Operation Of Gift Shop | 12/30/19 | $212,272 |
Roto Group Llc Exhibit Design | 12/30/19 | $326,800 |
Psab Office Cleaning | 12/30/19 | $244,554 |
Staff Electric Construction/repairs | 12/30/19 | $278,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $431,941 |
| Fundraising events | $144,130 |
| Related organizations | $0 |
| Government grants | $3,517,277 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,886,942 |
| Noncash contributions included in lines 1a–1f | $76,104 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,980,290 |
| Total Program Service Revenue | $1,491,171 |
| Investment income | $103,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$431,135 |
| Net Gain/Loss on Asset Sales | $45,186 |
| Net Income from Fundraising Events | $157,101 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,129 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,226,516 |
| 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. | $495,644 |
| Compensation of current officers, directors, key employees. | $75,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,462,684 |
| Pension plan accruals and contributions | $53,419 |
| Other employee benefits | $272,468 |
| Payroll taxes | $67,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,731 |
| Fees for services: Accounting | $16,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,713 |
| Fees for services: Other | $149,665 |
| Advertising and promotion | $9,205 |
| Office expenses | $17,650 |
| Information technology | $51,648 |
| Royalties | $0 |
| Occupancy | $466,216 |
| Travel | $2,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,250,312 |
| Insurance | $225,386 |
| All other expenses | -$301,905 |
| Total functional expenses | $5,984,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,927,730 |
| Savings and temporary cash investments | $2,117,578 |
| Pledges and grants receivable | $1,706,017 |
| Accounts receivable, net | $79,421 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $80,474 |
| Net Land, buildings, and equipment | $43,771,767 |
| Investments—publicly traded securities | $1,048,152 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,101,674 |
| Total assets | $54,832,813 |
| Accounts payable and accrued expenses | $290,243 |
| Grants payable | $0 |
| Deferred revenue | $260,408 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $300,000 |
| Secured mortgages and notes payable | $1,945,777 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $550,810 |
| Total liabilities | $3,347,238 |
| Net assets without donor restrictions | $46,203,533 |
| Net assets with donor restrictions | $5,282,042 |
| 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 | $54,832,813 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Discovery World Ltd has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Debbink Family Foundation Inc Oconomowoc, WI PURPOSE: ANNUAL APPEAL | $5,000 |
Endowment Analysis
| Beg. Balance | $945,719 |
| Ending Balance | $945,719 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Schools Network Chicago, IL | $3,716,420 | $15,119,021 |
Milwaukee Area Technical College Foundation Inc Milwaukee, WI | $33,356,211 | $18,292,742 |
Discovery World Ltd Milwaukee, WI | $54,832,813 | $7,226,516 |
Chicago Area Painting & Decorating Joint Apprenticeship & Train Comm Berkeley, IL | $22,598,762 | $6,295,488 |
Minnesota New Country School Henderson, MN | $1,127,805 | $3,737,016 |
Turkish American Society Inc Mount Prospect, IL | $9,952,466 | $3,661,400 |
Minneapolis Pipefitters Joint Journeymen And Apprentice Training Brooklyn Park, MN | $15,538,890 | $2,978,967 |
Concerned Inc Harlan, IA | $2,766,277 | $2,998,754 |
Plumbing And Pipefitting Educational Program Appleton, WI | $1,943,738 | $2,838,447 |
Payne Pulliam School Of Trade And Commerce Inc Detroit, MI | $509,435 | $2,932,292 |
Finishing Trades Institute Of The Upper Midwest Trust Fund Little Canada, MN | $3,520,165 | $2,977,173 |
Newroot Learning Institute Chicago, IL | $2,414,826 | $2,735,806 |