Cosmosphere Inc
- Assets
- $11.4m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 129
- Location
- Hutchinson, KS
- Founding
- 05/1965
- Data as of
- 12/2022
- EIN
- 48-6120520
Organization Overview
Cosmosphere Inc is located in Hutchinson, KS. The organization was established in 1965. 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, Cosmosphere Inc employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cosmosphere 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 12/2022, Cosmosphere Inc generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE PUBLIC INTEREST IN THE EXPLORATION OF SPACE BY PROVIDING INFORMATION, EXHIBITS, AND EXPERIENCES THAT ARE EDUCATIONAL AND ENTERTAINING THRU THE OPERATION OF A PUBLIC MUSEUM AND PLANETARIUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COSMOSPHERE AND SPACE CENTER WITH EXHIBITS AND GIFT SHOP SERVING STUDENTS AND THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Fast Director (city Rep) | Trustee | 1 | $0 |
Jordan Fee Director | Trustee | 1 | $0 |
Dr Carter File Director (hcc Rep) | Trustee | 1 | $0 |
Carissa Jackson Director | Trustee | 1 | $0 |
Wes Kimmel Director | Trustee | 1 | $0 |
Mike Pritchett Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hutton Construction Food Court Remodel | 12/30/17 | $255,204 |
Associated Integrated Marketing Marketing Advertising & Promotion | 12/30/17 | $229,635 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $176,911 |
| Fundraising events | $91,135 |
| Related organizations | $190,599 |
| Government grants | $1,056,625 |
| All other contributions, gifts, grants, and similar amounts not included above | $495,422 |
| Noncash contributions included in lines 1a–1f | $20,330 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,010,692 |
| Total Program Service Revenue | $1,634,007 |
| Investment income | $7,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$42,607 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $370,746 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,455,590 |
| 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. | $157,851 |
| Compensation of current officers, directors, key employees. | $126,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,807,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $308,330 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,204 |
| Fees for services: Accounting | $32,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,133 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $64,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,926 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $855,528 |
| Insurance | $156,636 |
| All other expenses | $283,356 |
| Total functional expenses | $5,041,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $698,806 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154,166 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $159,358 |
| Prepaid expenses and deferred charges | $82,048 |
| Net Land, buildings, and equipment | $6,300,727 |
| Investments—publicly traded securities | $1,006,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,971,886 |
| Total assets | $11,373,453 |
| Accounts payable and accrued expenses | $312,387 |
| Grants payable | $0 |
| Deferred revenue | $430,454 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,821 |
| Total liabilities | $1,362,662 |
| Net assets without donor restrictions | $8,108,553 |
| Net assets with donor restrictions | $1,902,238 |
| 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 | $11,373,453 |