Science Museums Of Wilson Inc
- Assets
- $1.0m
- Revenue
- $331.2k
- Investments
- $0.0
- Employees
- 21
- Location
- Wilson, NC
- Founding
- 09/1989
- Data as of
- 06/2022
- EIN
- 56-1638334
Organization Overview
Science Museums Of Wilson Inc is located in Wilson, NC. The organization was established in 1989. 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, Science Museums Of Wilson Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science Museums Of Wilson 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, Science Museums Of Wilson Inc generated $331.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $457.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER A SCIENTIFIC LEARNING CENTER FOR CHILDREN OF ALL AGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HANDS ON MUSEUM, PROMOTION OF SCIENCE AND HISTORY EDUCATION THROUGH EXHIBITS AND PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Whitley Director | Trustee | 1 | $0 |
Kelsey Rogers Director | Trustee | 1 | $0 |
David Caudle Director | Trustee | 1 | $0 |
Kimberly Van Dyk Director | Trustee | 1 | $0 |
Will Koster Director | Trustee | 1 | $0 |
Dail Turner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,665 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,689 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,754 |
| Total Program Service Revenue | $65,082 |
| Investment income | $76 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,172 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,615 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,219 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,224 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,042 |
| Office expenses | $1,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,810 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,988 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,525 |
| Insurance | $17,043 |
| All other expenses | $19,127 |
| Total functional expenses | $457,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,147 |
| Savings and temporary cash investments | $3,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,885 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $790 |
| Prepaid expenses and deferred charges | $1,799 |
| Net Land, buildings, and equipment | $982,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,328 |
| Total assets | $1,006,604 |
| Accounts payable and accrued expenses | $21,512 |
| 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 | $76,328 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $560 |
| Total liabilities | $98,400 |
| Net assets without donor restrictions | $908,204 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,006,604 |