Danville Science Center Inc
- Assets
- $4.9m
- Revenue
- $377.3k
- Investments
- $1.3m
- Employees
- 2
- Location
- Danville, VA
- Founding
- 12/1995
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Danville Science Center Inc generated $377.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $345.2k during the year ending 06/2022. While expenses have increased by 0.4% per year over the past 7 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
2022
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 |
|---|---|---|---|
Fredrick Wilkerson Treasurer | OfficerTrustee | 1 | $0 |
Christopher T Moore President | OfficerTrustee | 1 | $0 |
Petra Haskins Vice President | OfficerTrustee | 1 | $0 |
Wendy Sampson Secretary | OfficerTrustee | 1 | $0 |
Lauren Mathena Trustee-Ex-Offico Non-Voting | Trustee | 1 | $0 |
Krista Boerrigter Past President | Trustee | 1 | $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 | $272,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,993 |
| Total Program Service Revenue | $0 |
| Investment income | $21,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,042 |
| Net Income from Fundraising Events | $910 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,688 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,295 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,523 |
| Fees for services: Management | $727 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,497 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,041 |
| Office expenses | $5,739 |
| 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 | $1,604 |
| Insurance | $2,544 |
| All other expenses | $0 |
| Total functional expenses | $345,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,078 |
| 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 | $3,397 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,204,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,274,019 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,721 |
| Total assets | $4,863,987 |
| 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 | $4,227,510 |
| Net assets with donor restrictions | $636,477 |
| 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 | $4,863,987 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Danville Science Center Inc has recieved totaling $144,625.
| Awarding Organization | Amount |
|---|---|
Kiwanis Club Of Danville Foundation Danville, VA PURPOSE: FUNDS TO BE USED FOR THE NEW REIMAGING PROGRAM AT THE DANVILLE SCIENCE CENTER AND THE DIGITAL DOME. | $75,000 |
The Helen S And Charles G Patterson Jr Charitable Foundation Trust Orlando, FL PURPOSE: GENERAL OPERATING | $50,000 |
The Community Foundation Of The Dan River Region Danville, VA PURPOSE: FOR BEAUTIFICATION OF THE TRAIN STATION IN PARTNERSHIP WITH DANVILLE AFTER HOURS ROTARY, TO UPGRADE TECHNOLOGY WITHIN THE DIGITAL DOME, TO PURCHASE SENSORY APPROPRIATE COLLATERAL MATERIALS FOR A SENSORY FRIENDLY EXPERIENCE AT THE DSC | $12,125 |
Womack Foundation Danville, VA PURPOSE: PROGRAMS | $7,500 |
Endowment Analysis
| Beg. Balance | $1,444,931 |
| Earnings | -$170,912 |
| Ending Balance | $1,274,019 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Bethesda Country Club Inc Bethesda, MD | $26,747,430 | $19,774,534 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |
Burning Tree Club Inc Bethesda, MD | $67,642,850 | $7,903,276 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |