North Carolina Museum Of Life & Science
- Assets
- $22.5m
- Revenue
- $15.3m
- Investments
- $160.1k
- Employees
- 254
- Location
- Durham, NC
- Founding
- 05/1958
- Data as of
- 06/2022
- EIN
- 56-0938434
Organization Overview
North Carolina Museum Of Life & Science is located in Durham, NC. The organization was established in 1958. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, North Carolina Museum Of Life & Science employed 254 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Museum Of Life & Science 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, North Carolina Museum Of Life & Science generated $15.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $11.1m during the year ending 06/2022. While expenses have increased by 1.2% per year over the past 6 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
TO CREATE A PLACE OF LIFELONG LEARNING WHERE PEOPLE, FROM YOUNG CHILD TO SENIOR CITIZEN, EMBRACE SCIENCE AS A WAY OF KNOWING ABOUT THEMSELVES, THEIR COMMUNITY, AND THEIR WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM OF LIFE AND SCIENCE HAS SERVED THE COMMUNITY BY PROVIDING ENGAGING STEM LEARNING EXPERIENCES AND EXTRACURRICULAR PROGRAMMING SINCE 1946. THE MUSEUM WELCOMED ALMOST 500,000 VISITORS THIS YEAR FROM THE GREATER TRIANGLE REGION AND BEYOND. THE MUSEUM'S 84-ACRE NATURE PARK AND OVER 300 INDOOR AND OUTDOOR EXHIBITIONS ENABLE CHILDREN AND THEIR FAMILIES TO ENGAGE MEANINGFULLY WITH SCIENCE, TECHNOLOGY, ENGINEERING AND MATH, PREPARING THEM TO USE STEM LEARNING AS A WAY OF UNDERSTANDING THE ISSUES THEY WILL FACE THROUGHOUT THEIR LIVES. OUR MISSION IS TO CREATE A PLACE OF LIFELONG LEARNING, WHERE INDIVIDUALS OF ALL AGES EMBRACE STEM AS A WAY OF KNOWING ABOUT THEMSELVES, THEIR COMMUNITY, AND THEIR WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Vandeman Former Presi | 40 | $161,642 | |
Carrie Heinonen President/ce | OfficerTrustee | 40 | $141,327 |
Roy Griffiths VP Exhibits/ | 40 | $123,096 | |
Mitchell Sava Former VP In | 40 | $110,243 | |
Elizabeth Hall VP For Guest | 40 | $105,568 | |
Thomas J Hill Former VP Ad | Officer | 40 | $88,277 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ct Wilson Construction Construction | 6/29/22 | $166,416 |
Aptiis Llc Technology | 6/29/22 | $145,871 |
Jani-king Of Raleighdurham Janitorial Serv | 6/29/22 | $154,444 |
Design Development Architects Architecture | 6/29/22 | $136,079 |
Sprout Cafe Food Concession | 6/29/22 | $122,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $94,496 |
| Related organizations | $0 |
| Government grants | $6,562,211 |
| All other contributions, gifts, grants, and similar amounts not included above | $988,424 |
| Noncash contributions included in lines 1a–1f | $23,512 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,645,131 |
| Total Program Service Revenue | $6,372,567 |
| Investment income | $10,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $292,059 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $499,665 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,316,951 |
| 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. | $329,036 |
| Compensation of current officers, directors, key employees. | $55,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,054,065 |
| Pension plan accruals and contributions | $192,158 |
| Other employee benefits | $653,120 |
| Payroll taxes | $418,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,005 |
| Fees for services: Accounting | $66,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,421 |
| Fees for services: Other | $148,014 |
| Advertising and promotion | $99,182 |
| Office expenses | $28,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $923,708 |
| 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 | $1,161,313 |
| Insurance | $0 |
| All other expenses | $619,829 |
| Total functional expenses | $11,072,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $692,184 |
| Savings and temporary cash investments | $5,171,940 |
| Pledges and grants receivable | $1,469,539 |
| Accounts receivable, net | $97,855 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $169,299 |
| Prepaid expenses and deferred charges | $118,771 |
| Net Land, buildings, and equipment | $14,500,485 |
| Investments—publicly traded securities | $159,503 |
| Investments—other securities | $160,110 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,539,686 |
| Accounts payable and accrued expenses | $1,450,298 |
| Grants payable | $0 |
| Deferred revenue | $817,171 |
| 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 | $1,916,923 |
| Total liabilities | $4,184,392 |
| Net assets without donor restrictions | $17,938,822 |
| Net assets with donor restrictions | $416,472 |
| 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 | $22,539,686 |