Exploration Place Inc
- Assets
- $29.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 104
- Location
- Wichita, KS
- Founding
- 07/1985
- Data as of
- 06/2020
- EIN
- 48-1000295
Organization Overview
Exploration Place Inc is located in Wichita, KS. The organization was established in 1985. 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 06/2022, Exploration Place Inc employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exploration Place Inc 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 06/2020, Exploration Place Inc generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $5.3m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE A DEEPER INTEREST IN SCIENCE AND TECHNOLOGY THROUGH CREATIVE AND FUN EXPERIENCES FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING "HANDS-ON" LEARNING ENVIRONMENT FOR PEOPLE OF ALL AGES. THE MUSEUM IS OPEN 7 DAYS PER WEEK. TOTAL FACILITY ATTENDANCE WAS APPROXIMATELY 254,583.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Smith President/ceo | Officer | 40 | $158,856 |
Kent Shank Controller | Officer | 40 | $87,167 |
Patrick Tuttle Chairman | OfficerTrustee | 1 | $0 |
Patrick Goebel Vice-Chair | OfficerTrustee | 1 | $0 |
Linda Davison Secretary | OfficerTrustee | 1 | $0 |
Richard Holt Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moey Inc Exhibit Design | 6/29/22 | $263,023 |
Imagine Exhibitions Inc Traveling Exhibits | 6/29/22 | $250,000 |
Dondlinger & Sons Construction Construction | 6/29/22 | $102,240 |
Lifeboat Creative Website Design/advertising | 6/29/22 | $167,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,738,878 |
| Investment income | $244,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,355 |
| Net Gain/Loss on Asset Sales | $318,480 |
| Net Income from Fundraising Events | -$13,073 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $106,944 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,435,159 |
| 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. | $114,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,787,096 |
| Pension plan accruals and contributions | $20,104 |
| Other employee benefits | $188,302 |
| Payroll taxes | $131,109 |
| 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 | $20,115 |
| Advertising and promotion | $229,064 |
| Office expenses | $324,121 |
| Information technology | $0 |
| Royalties | $18,687 |
| Occupancy | $313,378 |
| Travel | $18,251 |
| 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 | $1,330,038 |
| Insurance | $113,776 |
| All other expenses | $0 |
| Total functional expenses | $5,318,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,228,707 |
| Pledges and grants receivable | $339,570 |
| Accounts receivable, net | $1,019,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,573 |
| Prepaid expenses and deferred charges | $90,576 |
| Investments—publicly traded securities | $14,016,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $729,436 |
| Total assets | $29,741,149 |
| Accounts payable and accrued expenses | $486,301 |
| Grants payable | $0 |
| Deferred revenue | $284,402 |
| 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 | $446,071 |
| Other liabilities | $0 |
| Total liabilities | $1,216,774 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $28,524,375 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Exploration Place Inc has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Dwayne And Dottie Shannon Family Foundation Wichita, KS PURPOSE: GENERAL | $15,000 |
Berry Foundation Inc Wichita, KS PURPOSE: ANNUAL GIFT | $2,500 |
Endowment Analysis
| Beg. Balance | $8,266,471 |
| Earnings | -$1,055,687 |
| Other Expense | $624,454 |
| Ending Balance | $6,586,330 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
The Arts And Recreation Foundation Of Overland Park Inc Overland Park, KS | $7,303,812 | $3,542,683 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Exploration Place Inc Wichita, KS | $29,741,149 | $4,435,159 |
Cosmosphere Inc Hutchinson, KS | $12,276,263 | $5,989,265 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Lion Global Foundation Denver, CO | $27,670,557 | $8,372,189 |
Museum Of Outdoor Arts Englewood, CO | $18,523,880 | $4,071,362 |
American Jazz Museum Kansas City, MO | $1,292,332 | $1,809,014 |
National Museum Of Transportation St Louis, MO | $8,486,487 | $2,217,382 |