Science Mill
- Assets
- $4.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 112
- Location
- Johnson City, TX
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 46-0600789
Organization Overview
Science Mill is located in Johnson City, TX. The organization was established in 2012. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Science Mill employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science Mill 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, Science Mill generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 8.1% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IGNITE CURIOSITY, AMBITION, INNOVATION, AND PROBLEM-SOLVING POTENTIAL IN THE NEXT GENERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENCE MILL OPENED IT DOORS TO VISITORS OF ALL AGES IN FEBRUARY 2015. THE SCIENCE MILL IS A PLACE OF DISCOVERY WHERE THE ENTIRE FAMILY EXPERIENCES INTERACTIVE LEARNING AND CREATIVE THINKING. IT IS A DESTINATION FOR THE GREATER COMMUNITY AS A GATHERING PLACE AND OPEN FORUM TO PRESENT AND DISCUSS SCIENTIFIC TOPICS, ESPECIALLY THOSE OF HIGH RELEVANCE TO THE AREA. WITH FUN, EXCITING AND INTERACTIVE EXHIBITS AND PROGRAMS, THE SCIENCE MILL SUPPORTS FORMAL EDUCATION ENTITIES WITH A FOCUS ON MIDDLE AND HIGH SCHOOL STUDENTS, TO HELP EXPAND THEIR UNDERSTANDING OF SCIENCE, SPARK THEIR CURIOSITY AND INSPIRE THEM TOWARDS AN INTEREST IN CAREERS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHMATICS (STEM). THE SCIENCE MILL'S DISTINCTIVE APPROACH FOCUSES ON STRENGTHENING THE STUDENT'S CONNECTION TO THE WORLD OF SCIENCE AND TO INSPIRE STUDENTS TO PURSUE LIFE-LONG CAREERS AS SCIENTISTS, ENGINEERS, RESEARCHERS AND TECHNOLOGY LEADERS OF TOMORROW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Claffey CEO | Officer | 40 | $135,288 |
Lisa Ivy Miller Aif Board Member | Trustee | 1 | $0 |
Staci Almager Board Member | Trustee | 1 | $0 |
Lynnell Burkett Board Member | Trustee | 1 | $0 |
Gerardo Castillo Board Member | Trustee | 1 | $0 |
Sandy Dochen Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hill Country General Contracting Museum Construction | 12/30/14 | $1,608,227 |
Patten Studio Exhibit Design & Construction | 12/30/14 | $138,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $689,467 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,565,446 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,006,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,960 |
| Payroll taxes | $78,140 |
| Fees for services: Management | $7,535 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,474 |
| Advertising and promotion | $36,019 |
| Office expenses | $9,780 |
| Information technology | $10,132 |
| Royalties | $0 |
| Occupancy | $64,286 |
| Travel | $3,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,821 |
| Interest | $1,286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $298,054 |
| Insurance | $14,151 |
| All other expenses | $0 |
| Total functional expenses | $1,810,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,338 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,393 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $213 |
| Total assets | $4,464,981 |
| Accounts payable and accrued expenses | $8,252 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $221,857 |
| Total liabilities | $230,109 |
| 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 | $4,234,872 |
| Total liabilities and net assets/fund balances | $4,234,872 |