Putnam Museum And Science Center is located in Davenport, IA. The organization was established in 1938. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Putnam Museum And Science Center employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam Museum And Science Center 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, Putnam Museum And Science Center 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 3.6% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. 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
THE PUTNAM EXISTS TO: PRESERVE OUR REGION'S TREASURES - TO CARE FOR AND UTILIZE THEM TO ILLUMINATE OUR HUMAN AND NATURAL HISTORY, AND TO EVOKE THE MEMORIES AND STORIES THE ARTIFACTS AND SPECIMENS TELL. EDUCATE PEOPLE OF ALL AGES IN IMMERSIVE AND LASTING WAYS WITH COMBINED "HANDS-ON, MINDS ON" EXPERIENCES THAT ONLY THE PUTNAM CAN PROVIDE. CONNECT PEOPLE TO EACH OTHER AND TO THE HISTORY AND SCIENCE THAT SHAPE THE CULTURES AND ENVIRONMENTS OF THE EARTH.
Describe the Organization's Program Activity:
GIANT SCREEN THEATER: THE PUTNAM'S GIANT SCREEN THEATER OFFERS EDUCATIONAL AND TOPICAL FILMS AND PRESENTATIONS. EXAMPLES INCLUDE INTO AMERICA'S WILD, SUPERPOWER DOGS, BACK FROM THE BRINK, VOLCANOES 3D, OCEANS: OUR BLUE PLANET 3D, AND WILD AFRICA 3D. THE FILMS AND PRESENTATIONS ALLOW VIEWERS TO SEE NATURE IN ALL ITS GLORY, TO LEARN ABOUT HISTORY AND OTHER CULTURES, AND TO TRAVEL TO ALL PARTS OF THE WORLD. IN AN ERA WHEN ENVIRONMENTAL AWARENESS IS PART OF THE DAILY CONVERSATION AND GLOBAL CULTURES ARE INCREASINGLY INTERACTING VIA TECHNOLOGY, FILMS THAT ENLIGHTEN AND EDUCATE THE PUBLIC ABOUT A VARIETY OF ENVIRONMENTS AND CULTURES ARE SIGNIFICANT TO OUR ABILITY TO CO-EXIST PRODUCTIVELY.
COLLECTIONS AND CURATORIAL SERVICES: AN IMPORTANT PART OF THE MUSEUM'S MISSIONS IS PRESERVING THE COMMUNITY'S HISTORY. THE MUSEUM HOUSES APPROXIMATELY 170,000 CATALOGED ITEMS IN ITS PERMANENT COLLECTION. THESE ITEMS ARE EXPERTLY CARED FOR, ARE AVAILABLE FOR RESEARCH PURPOSES, AND MANY BECOME PART OF PERMANENT AND TEMPORARY EXHIBITS OR ARE USED TO ENHANCE EDUCATIONAL PROGRAMS. MEMBERSHIP SERVICES: THE MUSEUM HAS APPROXIMATELY 1,348 MEMBERSHIPS RANGING FROM INDIVIDUALS TO FAMILIES AND BUSINESSES. THESE MEMBERSHIPS ENCOMPASS MORE THAN 4,500 PEOPLE. MEMBERS ENJOY SPECIAL BENEFITS SUCH AS THE FIRST GLIMPSE OF A NEW FILM OR EXHIBIT.
EXHIBITS AND EDUCATION: THE MUSEUM OFFERS PERMANENT AND CHANGING INTERACTIVE, IMPRESSIVE EXHIBITS, A HANDS-ON SCIENCE CENTER, AND EDUCATIONAL PROGRAMS RELATED TO HISTORY, CULTURES, AND SCIENCE. EXAMPLES INCLUDE ANNE FRANK EXHIBIT, JUNKRAFT, POLLINATORS AND KEVA PLANKS EXHIBITS, AN INNOVATION CENTER WITH FABRICATION LAB, CODING CLASSES, OCEAN EXPERIENCE, ANCIENT EGYPT AND OUR REGION AND THE CIVIL WAR. INTERACTION WITH ACTUAL ARTIFACTS AND EDUCATORS IN "CHARACTER" PROVIDE DYNAMIC LEARNING EXPERIENCES AND REAL CONNECTIONS THAT CANNOT BE OBTAINED FROM TEXTBOOKS OR THE INTERNET. THESE EXPERIENCES STIMULATE THE DESIRE FOR MORE KNOWLEDGE AND EXPLORATION.
VISITOR SERVICES: BETWEEN THE GIANT SCREEN THEATER, EXHIBITS, AND EDUCATIONAL PROGRAMS, THE MUSEUM HOSTED MORE THAN 85,000 PEOPLE THIS YEAR. CUSTOMER SERVICE STAFF AND AMENITIES LOCATED IN THE MUSEUM'S GRAND LOBBY SPACE SUPPORT AND ENHANCE THE OVERALL VISITOR EXPERIENCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rachael Mullins President/ce | Officer | 37.5 | $140,498 |
Drue Curry VP Operation | Officer | 37.5 | $89,745 |
Elizabeth M Turner VP Of Strate | Officer | 37.5 | $75,681 |
Sarah Kern VP Finance | Officer | 37.5 | $69,918 |
Leslie Klipsch VP Marketing | Officer | 37.5 | $69,125 |
Benjamin J Johnson VP Museum Ex | Officer | 37.5 | $49,457 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Russell Construction Construction | 6/29/22 | $348,374 |
Estes Construction Repairs | 6/29/22 | $199,090 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $87,735 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,756,344 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,844,079 |
Total Program Service Revenue | $512,905 |
Investment income | $15,560 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$2,586 |
Net Gain/Loss on Asset Sales | -$2,636 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $100,730 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,472,039 |
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. | $508,256 |
Compensation of current officers, directors, key employees. | $263,769 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $975,151 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $104,829 |
Payroll taxes | $78,459 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,705 |
Fees for services: Accounting | $17,975 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,695 |
Advertising and promotion | $30,652 |
Office expenses | $69,469 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $359,836 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $6,008 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $544,315 |
Insurance | $0 |
All other expenses | $105,279 |
Total functional expenses | $3,143,416 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,500 |
Savings and temporary cash investments | $2,439,513 |
Pledges and grants receivable | $1,211,700 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $52,384 |
Prepaid expenses and deferred charges | $65,087 |
Net Land, buildings, and equipment | $7,782,133 |
Investments—publicly traded securities | $479,571 |
Investments—other securities | $392,224 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $12,427,112 |
Accounts payable and accrued expenses | $248,227 |
Grants payable | $0 |
Deferred revenue | $321,331 |
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 | $141,722 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $100,000 |
Total liabilities | $811,280 |
Net assets without donor restrictions | $8,393,652 |
Net assets with donor restrictions | $3,222,180 |
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 | $12,427,112 |