Edventure Inc
- Assets
- $7.9m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 119
- Location
- Columbia, SC
- Founding
- 01/1995
- Data as of
- 06/2023
- EIN
- 57-1013857
Organization Overview
Edventure Inc is located in Columbia, SC. The organization was established in 1995. 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 06/2023, Edventure Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edventure 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 06/2023, Edventure Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDVENTURE INSPIRES CHILDREN, YOUTH, AND THE ADULTS WHO CARE ABOUT THEM TO EXPERIENCE THE JOY OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDVENTURE IS A CHILDREN'S MUSEUM WITH THREE LOCATIONS IN SC (COLUMBIA, MYRTLE BEACH AND HARTSVILLE), WELCOMING OVER 256,000 VISITORS THIS PAST YEAR. THE MUSEUM'S ENRICHING EDUCATIONAL PROGRAMS AND EXHIBITS ENGAGE VISITORS THROUGH INFORMAL LEARNING, BLENDING LITERACY, STEAM EDUCATION, HEALTH NUTRITION AND WELLNESS, AND CAREER AWARENESS. BY FOCUSING ON THESE AREAS EDVENTURE ANNUALLY PROVIDES OVER 1,000 FREE BOOKS TO UNDERSERVED HOUSEHOLDS THROUGH ITS CHILDREN'S BOOK BANK, OVER 2,230 FREE SUMMER MEALS TO BRIDGE THE SUMMER NUTRITION GAP, MORE THAN 8,000 CHILDREN WITH HEALTH AND DENTAL PROGRAMMING/SCREENINGS, OVER 80,000 STEAM EDUCATION PROGRAMS AND NEARLY 60 TEENS WITH WORKFORCE DEVELOPMENT. THROUGH PROGRAMS SUCH AS YES! EVERY CHILD, 25% OF EDVENTURE'S GUESTS ATTEND FOR FREE OR WITH A REDUCED ADMISSION.WHEN SCHOOL IS NOT IN SESSION, EDVENTURE FOCUSES ON ADDRESSING THE "SUMMER LEARNING SLIDE" THROUGH ITS SUMMER CAMP PROGRAMS. ANNUALLY, EDVENTURE SUMMER CAMPS PROVIDES MORE THAN 1,500 STUDENTS WITH ACADEMIC AND NUTRITIONAL SUPPORT FOR FULL DAYS WHEN SCHOOLS ARE NOT IN SESSION. THROUGH A VARIETY OF STEAM-BASED CAMP OPTIONS, CHILDREN EXPERIENCE A FUN, HANDS-ON LEARNING ENVIRONMENT THAT HELPS THEM STAY AHEAD OF THE SUMMER LEARNING SLIDE AND BE MORE PREPARED FOR WHEN SCHOOL IS BACK IN SESSION. EDVENTURE IS A CRITICAL LEARNING RESOURCE FOR STUDENTS AND FAMILIES ACROSS THE ENTIRE STATE OF SOUTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwayne Porter Chair | OfficerTrustee | 1 | $0 |
Jamelle Ellis VP Governance | OfficerTrustee | 1 | $0 |
Bradley Anderson VP External Affairs | OfficerTrustee | 1 | $0 |
John Sumbera IV Treasurer | OfficerTrustee | 1 | $0 |
Amy Alimohamed Trustee | Trustee | 1 | $0 |
Dr Alissa Richmond Armstrong Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $311,346 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,362,019 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,855,459 |
| Total Program Service Revenue | $1,617,967 |
| Investment income | $15,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,457 |
| Net Gain/Loss on Asset Sales | -$521 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $179,014 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,747,964 |
| 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. | $266,039 |
| Compensation of current officers, directors, key employees. | $18,623 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,218,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $142,628 |
| Payroll taxes | $111,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,063 |
| Fees for services: Accounting | $18,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,536 |
| Advertising and promotion | $215,066 |
| Office expenses | $98,152 |
| Information technology | $87,984 |
| Royalties | $0 |
| Occupancy | $759,197 |
| Travel | $21,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,921 |
| Interest | $19,842 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $530,368 |
| Insurance | $64,486 |
| All other expenses | $32,243 |
| Total functional expenses | $3,885,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,093,348 |
| Savings and temporary cash investments | $902,346 |
| Pledges and grants receivable | $2,403,739 |
| Accounts receivable, net | $30,432 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,288 |
| Prepaid expenses and deferred charges | $11,957 |
| Net Land, buildings, and equipment | $2,898,353 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $514,009 |
| Total assets | $7,871,472 |
| Accounts payable and accrued expenses | $138,115 |
| Grants payable | $0 |
| Deferred revenue | $291,843 |
| 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 | $300,000 |
| Unsecured mortgages and notes payable | $144,696 |
| Other liabilities | $504,220 |
| Total liabilities | $1,378,874 |
| Net assets without donor restrictions | $3,974,681 |
| Net assets with donor restrictions | $2,517,917 |
| 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 | $7,871,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Museum Of The Upstate Inc Greenville, SC | $29,926,540 | $3,770,592 |
Edventure Inc Columbia, SC | $7,871,472 | $3,747,964 |
Childrens Museum Of Atlanta Inc Atlanta, GA | $7,234,962 | $4,142,531 |
Childrens Museum Of The Lowcountry Charleston, SC | $4,131,348 | $3,307,863 |
Nido & Mariana Qubein Childrens Museum High Point, NC | $29,971,359 | $5,716,556 |
Wilmington Childrens Museum Inc Wilmington, NC | $2,071,597 | $956,439 |
Interactive Neighborhood For Kids Inc Gainesville, GA | $1,772,347 | $779,358 |
Childrens Museum Of Pooler Pooler, GA | $327,845 | $555,434 |
Kidsenses Inc Rutherfordton, NC | $2,909,059 | $736,306 |
Childrens Museum Of Jacksonville Jacksonville, NC | $804,316 | $520,478 |
Cobb County Youth Museum Inc Marietta, GA | $480,288 | $189,874 |
Cognition Of Davie County Mocksville, NC | $377,720 | $0 |
The Iredell Museums Inc Statesville, NC | $405,843 | $157,408 |
Little Athens Athens, GA | $18,803 | $0 |