Maryland Science Center
- Assets
- $34.5m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 104
- Location
- Baltimore, MD
- Founding
- 11/1947
- Data as of
- 06/2020
- EIN
- 52-0668166
Organization Overview
Maryland Science Center is located in Baltimore, MD. The organization was established in 1947. 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 06/2022, Maryland Science Center employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Science Center 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, Maryland Science Center generated $6.4m 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 (7.8%) each year. All expenses for the organization totaled $6.9m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 6 years. 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
THE ORGANIZATION PROVIDES EDUCATIONAL PROGRAMS FOR THOSE INTERESTED IN THE SCIENCE FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL COURSES - EDUCATOR LED ENRICHMENT EXPERIENCES ENHANCE THE FIELD TRIP VISIT BY OFFERING AN IN-DEPTH LOOK AT THE SCIENTIFIC PRINCIPLES AND PHENOMENA THESE COURSES LAY THE GROUND FOR TEACHERS TO CONTINUE THE FIELD TRIP POST-VISIT.
EXHIBITS - BY TAKING SCHOOL CHILDREN OUT OF THE CLASSROOM AND INTO THE IMMERSIVE ENVIRONMENT OF THE SCIENCE CENTER, CHILDREN EXPERIENCE SCIENCE IN A HANDS-ON WAYS THAT HELPS ILLUSTRATE LESSONS THEY HAVE LEARNED IN SCHOOLS
IMAX THEATRE AND DAVIS PLANETARIUM - IMAX FILMS, ESPECIALLY THE DOCUMENTARY FORMAT, TAKE STUDENTS ON A JOURNEY TO PLACES THEY MAY NEVER ACTUALLY VISIT AND HELP ILLUSTRATE THE WONDERS OF NATURE, OUTER SPACE, AND SCIENTIFIC PHENOMENA. THE DOMED THEATER OF THE PLANETARIUM CAN BRING ASTRONOMY DOWN TO THE INTIMATE LEVEL FOR CLOSE EXAMINATION OF PLANETS AND STARS THAT ARE LIGHT YEARS AWAY.
GUEST SERVICES - COMMITTED TO UNHINDERED ACCESS, THE SCIENCE CENTER'S GUEST SERVICES STAFF ENSURES THAT EVERYONE WHO WANTS TO EXPERIENCE ALL THE INSTITUTION HAS TO OFFER CAN DO SO REGARDLESS OF DISABILITY OR OTHER ACCESS CHALLENGES.SCIENCE STORE - THE STORE PROVIDES EDUCATORS WITH TEACHING AIDS, BOOKS, MODELS AND OTHER ITEMS THAT EXTEND THE LESSON OF THE VISIT BACK IN THE CLASSROOM. PARENTS CAN AVAIL THEMSELVES OF UNIQUE LEARNING TOOLS, COMPUTER PROGRAMS, SCIENCE KITS AND OTHER EDUCATIONAL PRODUCTS NOT READY AVAILABLE AT CONVENTIONAL RETAIL OUTLETS.MEMBERSHIP - MEMBERS HELP MAKE PROGRAMMING POSSIBLE AT THE MARYLAND SCIENCE CENTER THROUGH THEIR CONTRIBUTIONS TO THE MEMBERSHIP PROGRAM. AS A PARTNER WITH THE SCIENCE CENTER, MEMBERS ARE VESTED IN THE INSTITUTION AND ARE PART OF A COMMUNITY OF PEOPLE WHO VALUE SCIENCE EDUCATION AND THE IMPORTANT ROLE THAT SCIENCE PLAYS IN OUR EVERYDAY LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark J Potter President & CEO | OfficerTrustee | 40 | $198,376 |
Kelly S Miller Treasurer | OfficerTrustee | 40 | $103,092 |
Alexis H Leo Secretary | OfficerTrustee | 40 | $56,284 |
Mark Zimmerly Chairman | OfficerTrustee | 2 | $0 |
David B Amy Trustee | Trustee | 2 | $0 |
Thomas Coale Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ssia Technologies Llc Technology | 6/29/22 | $236,292 |
Benefitmall Insurance-health Life Etc | 6/29/22 | $230,962 |
Mission Media Llc Marketing | 6/29/22 | $173,865 |
Schindler Elevator Corporation Elevator Maintenance | 6/29/22 | $115,327 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,475,273 |
| Investment income | $215,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$117,502 |
| Net Gain/Loss on Asset Sales | $3,208 |
| Net Income from Fundraising Events | -$7,176 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $163,904 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,432,096 |
| 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. | $342,942 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,679,873 |
| Pension plan accruals and contributions | $92,607 |
| Other employee benefits | $193,234 |
| Payroll taxes | $252,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,963 |
| Fees for services: Accounting | $30,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,119 |
| Fees for services: Other | $230,580 |
| Advertising and promotion | $195,614 |
| Office expenses | $94,544 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $385,744 |
| Travel | $19,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $180,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,387,517 |
| Insurance | $105,496 |
| All other expenses | $0 |
| Total functional expenses | $6,865,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,602 |
| Savings and temporary cash investments | $2,967,901 |
| Pledges and grants receivable | $1,477,631 |
| Accounts receivable, net | $98,170 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $74,155 |
| Prepaid expenses and deferred charges | $78,654 |
| Investments—publicly traded securities | $5,591,592 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,298 |
| Total assets | $34,486,010 |
| Accounts payable and accrued expenses | $875,046 |
| Grants payable | $0 |
| Deferred revenue | $489,986 |
| Tax-exempt bond liabilities | $4,330,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,496,457 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,676 |
| Total liabilities | $7,235,165 |
| 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 | $27,250,845 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Maryland Science Center has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
David W Buck Family Foundation Inc Sparks, MD PURPOSE: GENERAL SUPPORT | $1,000 |
Ochs Family Foundation Baltimore, MD PURPOSE: TO SUPPORT THE ORGANIZATIONS SERVICES | $1,000 |
Endowment Analysis
| Beg. Balance | $9,522,089 |
| Earnings | -$1,326,956 |
| Net Contributions | $400,000 |
| Ending Balance | $8,595,133 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maryland Science Center Baltimore, MD | $34,486,010 | $6,432,096 |
Virginia Aquarium & Marine Science Center Foundation Inc Virginia Beach, VA | $33,681,382 | $4,535,734 |
The Virginia Air And Space Center Hampton, VA | $2,430,723 | $3,284,380 |
Jason Learning Ashburn, VA | $5,870,552 | $2,710,419 |
Lancaster Science Center Lancaster, PA | $3,068,922 | $1,227,133 |
Science Museum Of Western Virginia Roanoke, VA | $461,302 | $956,745 |
Bha Automobile Museum Inc Hunt Valley, MD | $29,558,452 | $1,782,568 |
Maryland Technology Museum Inc Hunt Valley, MD | $48,995 | $293,094 |
Quiet Valley Living Historical Farm Stroudsburg, PA | $2,239,844 | $387,900 |
Discovery Station At Hagerstown Inc Hagerstown, MD | $189,194 | $310,171 |
Virginia Space Flight Academy Wallops Island, VA | $136,578 | $200,547 |
Reading Science Center Reading, PA | $316,851 | $319,174 |