Amazement Square
- Assets
- $7.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Lynchburg, VA
- Founding
- 11/1994
- Data as of
- 12/2023
- EIN
- 54-1713204
Organization Overview
Amazement Square is located in Lynchburg, VA. The organization was established in 1994. 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. As of 12/2023, Amazement Square employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amazement Square 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 12/2023, Amazement Square generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AMAZEMENT SQUARE CULTIVATES AN ENGAGED COMMUNITY OF LIFELONG LEARNERS BY SPARKING IMAGINATION, CREATIVITY, AND CURIOSITY.
Describe the Organization's Program Activity:
OPERATION OF A CHILDREN'S MUSEUM DEDICATED TO MOTIVATING CHILDREN AND ADULTS OF ALL BACKGROUNDS AND ABILITIES TOWARDS GREATER CREATIVITY AND UNDERSTANDING OF THE WORLD THROUGH HANDS-ON LEARNING AND EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garth Ainsley Director | Trustee | 2 | $0 |
Diane Ludwig Director | Trustee | 2 | $0 |
Teresa L Brennan Director | Trustee | 2 | $0 |
Jennifer Bryant-Foster Chair | OfficerTrustee | 2 | $0 |
Jitendra Annapareddy Director | Trustee | 2 | $0 |
Faye Ferguson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $699,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $699,832 |
| Total Program Service Revenue | $652,920 |
| Investment income | $55,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,231 |
| Net Income from Fundraising Events | $101,836 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $362 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,490,807 |
| 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. | $184,000 |
| Compensation of current officers, directors, key employees. | $88,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $735,417 |
| Pension plan accruals and contributions | $18,811 |
| Other employee benefits | $59,207 |
| Payroll taxes | $79,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,544 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,923 |
| Insurance | $53,609 |
| All other expenses | $141,118 |
| Total functional expenses | $1,796,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $155,364 |
| Accounts receivable, net | $31,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,539 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,085,907 |
| Investments—publicly traded securities | $1,988,055 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,629 |
| Total assets | $7,595,875 |
| Accounts payable and accrued expenses | $31,188 |
| 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 | $297,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,590 |
| Total liabilities | $349,778 |
| Net assets without donor restrictions | $5,111,091 |
| Net assets with donor restrictions | $2,135,006 |
| 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 | $7,595,875 |