Danville Science Center Inc
- Assets
- $2.1m
- Revenue
- $776.1k
- Investments
- $1.7m
- Employees
- 2
- Location
- Danville, VA
- Founding
- 12/1995
- Data as of
- 06/2024
- EIN
- 54-1776405
Organization Overview
Danville Science Center Inc is located in Danville, VA. The organization was established in 1995. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2024, Danville Science Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danville Science Center 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 06/2024, Danville Science Center Inc generated $776.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $341.4k during the year ending 06/2024. While expenses have increased by 0.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS THE PROGRAM SERVICES AND OPERATION TO PROMOTE THE EDUCATION OF SCIENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS THE PROGRAM SERVICES AND SPECIAL PROJECT OPERATIONS TO PROMOTE THE EDUCATION OF SCIENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Sampson President | OfficerTrustee | 2 | $0 |
Steven Matney Vice President | OfficerTrustee | 2 | $0 |
Thomas Campbell Treasurer | OfficerTrustee | 2 | $0 |
B Cabell Barrow Secretary | OfficerTrustee | 5 | $0 |
Petra Haskins Past President | Trustee | 1 | $0 |
Delos Boyer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,795 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $228,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,380 |
| Total Program Service Revenue | $0 |
| Investment income | $32,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $504,788 |
| Net Income from Fundraising Events | -$20,690 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,809 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $776,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
| 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. | $54,503 |
| Compensation of current officers, directors, key employees. | $13,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,263 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,042 |
| Office expenses | $6,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,096 |
| All other expenses | $0 |
| Total functional expenses | $341,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,402 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,547 |
| Prepaid expenses and deferred charges | $37,500 |
| Net Land, buildings, and equipment | $84,197 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,673,309 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,120 |
| Total assets | $2,076,075 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,326,623 |
| Net assets with donor restrictions | $749,452 |
| 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 | $2,076,075 |