Discovery Science Center Of Los Angeles
- Assets
- $20.2m
- Revenue
- $9.3m
- Investments
- $1.2m
- Employees
- 73
- Location
- Sylmar, CA
- Founding
- 08/2012
- Data as of
- 06/2023
- EIN
- 45-5191270
Organization Overview
Discovery Science Center Of Los Angeles is located in Sylmar, CA. The organization was established in 2012. 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, Discovery Science Center Of Los Angeles employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Science Center Of Los Angeles 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, Discovery Science Center Of Los Angeles generated $9.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $6.8m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND EDUCATE YOUNG MINDS THROUGH ENGAGING SCIENCE BASED PROGRAMS AND EXHIBITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVERY SCIENCE CENTER - TO PROVIDE A WORLD CLASS, HANDS-ON EDUCATIONAL SCIENCE CENTER DESIGNED TO INSPIRE A FASCINATION WITH SCIENCE AND MATH AND LAY A FOUNDATION FOR FUTURE ACHIEVEMENT IN THESE AREAS. THE SCIENCE CENTER SERVES OVER 414,000 CHILDREN AND FAMILIES.
EDUCATION OUTREACH - OUR GOAL IS TO COMPLEMENT ELEMENTARY CURRICULUM WITH HANDS ON INSTRUCTION IN SCIENCE AND INSPIRE CHILDREN TO PURSUE FURTHER EDUCATION IN SCIENCE. THE EDUCATION DEPARTMENT SERVES OVER 350,000 CHILDREN IN THE ORANGE COUNTY, RIVERSIDE, SAN BERNADINO, SAN DIEGO, VENTURA, AND LOS ANGELES AREAS. DISCOVERY CUBE CONNECT - THE CUBE STUDIOS WAS CREATED TO VIRTUALIZE OUR INTERACTIVE EDUCATIONAL PROGRAMS AND PROVIDE IN CLASS AND AFTER SCHOOL PROGRAMMING THROUGH PARTNERSHIPS WITH SCHOOL DISTRICTS AND WATER AND WASTE AGENCIES.
FIELD TRIPS TO DISCOVERY SCIENCE CENTER - PROVIDE SCIENCE FIELD TRIPS TO ALMOST 68,000 STUDENTS IN THE LOS ANGELES UNIFIED SCHOOL DISTRICT AND LOCAL PRIVATE SCHOOLS TO COMPLEMENT THE CALIFORNIA ELEMENTARY EDUCATION CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Adams Chief Executive Officer | OfficerTrustee | 13 | $278,391 |
Pedram Salimpour MD Chair | OfficerTrustee | 4 | $0 |
The Honorable Wendy Greuel Vice Chair | OfficerTrustee | 0.5 | $0 |
Tim Gaspar Secretary | OfficerTrustee | 0.5 | $0 |
Canise Arrendondo Treasurer | OfficerTrustee | 1 | $0 |
Christine Sarkissof Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $371,413 |
| Fundraising events | $258,494 |
| Related organizations | $0 |
| Government grants | $5,812,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $518,121 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,960,963 |
| Total Program Service Revenue | $1,859,821 |
| Investment income | $10,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $130,639 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $289,693 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,310,490 |
| 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. | $410,127 |
| Compensation of current officers, directors, key employees. | $91,402 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,817,695 |
| Pension plan accruals and contributions | $361,426 |
| Other employee benefits | $158,345 |
| Payroll taxes | $0 |
| 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 | $397,118 |
| Advertising and promotion | $423,501 |
| Office expenses | $1,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $467,642 |
| Travel | $4,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,450 |
| Interest | $88,146 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $797,384 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,847,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,965,883 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $463,346 |
| Accounts receivable, net | $443,209 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $74,171 |
| Prepaid expenses and deferred charges | $129,263 |
| Net Land, buildings, and equipment | $14,901,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,200,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,177,365 |
| Accounts payable and accrued expenses | $810,518 |
| Grants payable | $0 |
| Deferred revenue | $348,933 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,174,249 |
| Total liabilities | $3,483,700 |
| Net assets without donor restrictions | $16,230,319 |
| Net assets with donor restrictions | $463,346 |
| 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 | $20,177,365 |