Fort Bend Childrens Discovery Center Llc
- Assets
- $2.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 06/2015
- Data as of
- 06/2023
- EIN
- 46-5472437
Organization Overview
Fort Bend Childrens Discovery Center Llc is located in Houston, TX. The organization was established in 2015. According to its NTEE Classification (A52) the organization is classified as: Children's Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Bend Childrens Discovery Center Llc 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, Fort Bend Childrens Discovery Center Llc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 18.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM TRANSFORMS COMMUNITIES THROUGH INNOVATIVE, CHILD-CENTERED LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FORT BEND CHILDREN'S DISCOVERY CENTER (FBCDC) EMPLOYS CREDENTIALLED EDUCATORS WHO MANAGE FIVE BILINGUAL (ENGLISH/SPANISH) EXHIBIT GALLERIES AND PROGRAMMING THAT CHANGES WEEKLY. THESE EXHIBITS/PROGRAMS ARE FOCUSED ON THE DEVELOPMENT OF LITERACY AND ENGAGEMENT IN HANDS-ON,INQUIRY-BASED INVESTIGATIONS OF SCIENCE, TECHNOLOGY, ENGINEERING, ARTS/DESIGN AND MATH (I.E.,THE STEAM DISCIPLINES). IN FY 2023 FBCDC SERVED 96,080, UP 33,262 FROM THE PRIOR YEAR. THE MAIN CAUSE FOR THIS INCREASE IS A FULL RETRUN TO NORMALCY POST COVID. IN 2023 14% OF VISITORS RECEIVED FREE ADMISSION VIA OPEN DOORS FREE ADMISSION PASSES DISTRIBUTED TO LOW-INCOME FAMILIES BY COMMUNITY-BASED PARTNERS. AT 100+ LOCATIONS ACROSS FORT BEND COUNTY. OUTCOMES OF MUSEUM VISITS ARE EVALUATED ANNUALLY WITHIN A PROCESS OF CONTINUOUS QUALITY IMPROVEMENT. VISITORS MIRROR FORT BEND'S DIVERSITY WITH AN ATTENDANCE THAT IS 34% ANGLO, 24% AFRICAN AMERICAN, 22% ASIAN AMERICAN, AND 20% HISPANIC/LATINO.
OTHER MUSEUM MERCHANDISE.
VISITOR SERVICES INCLUDING FACILITATION OF EXHIBITS AND PROGRAMS, VOLUNTEERS, SERVICE SUPPORT, AND CONVENIENCES INCLUDING PARKING.
THE OPEN DOORS PARTNER NETWORK OF OVER 100 COMMUNITY AND FAITH-BASED PARTNERS IN FORT BEND COUNTY HELPS ENSURE FAMILIES THAT MIGHT HAVE DIFFICULTY AFFORDING ADMISSION ARE PROVIDED FREE FAMILY PASSES TO VISIT DURING ANY TIME THE DISCOVERY CENTER IS OPEN TO THE PUBLIC. THIS ENABLES OVER 10% OF THE ANNUAL AUDIENCE TO VISIT AT NO COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-V.p. Of Strategic Planning | OfficerTrustee | 1 | $0 |
Name Not Listed Co-V.p. Of Board Activities | OfficerTrustee | 1 | $0 |
Name Not Listed Past Board President | OfficerTrustee | 1 | $0 |
Name Not Listed V.P. Of Special Initiative | OfficerTrustee | 1 | $0 |
Name Not Listed V.P. Of Education | OfficerTrustee | 1 | $0 |
Name Not Listed Member At Large | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $189,430 |
| Fundraising events | $84,698 |
| Related organizations | $0 |
| Government grants | $175,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,873 |
| Total Program Service Revenue | $393,714 |
| Investment income | $4,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,578 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$21,440 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,219 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,014,100 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $505,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,985 |
| Payroll taxes | $41,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,752 |
| Advertising and promotion | $16,051 |
| Office expenses | $1,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,563 |
| Travel | $205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $239,262 |
| Insurance | $19,248 |
| All other expenses | $33,435 |
| Total functional expenses | $1,254,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,356,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $486,093 |
| Accounts receivable, net | $200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,202 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $673,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,525,020 |
| Accounts payable and accrued expenses | $16,752 |
| Grants payable | $0 |
| Deferred revenue | $95,019 |
| 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 | $2,581 |
| Total liabilities | $114,352 |
| Net assets without donor restrictions | $1,923,470 |
| Net assets with donor restrictions | $487,198 |
| 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 | $2,525,020 |