Bishop Museum Of Science And Nature Inc
- Assets
- $45.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 59
- Location
- Bradenton, FL
- Founding
- 12/1954
- Data as of
- 12/2020
- EIN
- 59-0598726
Organization Overview
Bishop Museum Of Science And Nature Inc is located in Bradenton, FL. The organization was established in 1954. 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 12/2021, Bishop Museum Of Science And Nature Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bishop Museum Of Science And Nature 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 12/2020, Bishop Museum Of Science And Nature Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $3.5m during the year ending 12/2020. While expenses have increased by 2.8% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A SCIENCE MUSEUM, PLANETARIUM, AND MANATEE REHABILITATION HABITAT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCIENCE MUSEUM, MANATEE REHABILITATION HABITAT, AND PLANETARIUM WHICH IS OPEN TO THE PUBLIC FOR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hillary Spencer Executive Director | Officer | 40 | $77,404 |
Brynne A Besio Former Executive Director | Officer | 40 | $57,436 |
Matt Lapointe Secretary | OfficerTrustee | 1 | $0 |
Marti King Vice President | OfficerTrustee | 1 | $0 |
Raj Mathur President | OfficerTrustee | 1 | $0 |
Chris Perkins Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,184,722 |
| Investment income | $89,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,308 |
| Net Gain/Loss on Asset Sales | -$126,896 |
| Net Income from Fundraising Events | -$2,502 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $50,631 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,584,269 |
| Statement of Expenses | |
|---|---|
| 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. | $126,247 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,425,802 |
| Pension plan accruals and contributions | $14,895 |
| Other employee benefits | $96,301 |
| Payroll taxes | $109,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,929 |
| Fees for services: Accounting | $29,672 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,945 |
| Advertising and promotion | $441,489 |
| Office expenses | $29,518 |
| Information technology | $85,665 |
| Royalties | $0 |
| Occupancy | $249,667 |
| Travel | $1,110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,041 |
| Interest | $35,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272,069 |
| Insurance | $115,091 |
| All other expenses | $0 |
| Total functional expenses | $3,548,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,491,214 |
| Pledges and grants receivable | $130,253 |
| Accounts receivable, net | $3,508 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,788,000 |
| Inventories for sale or use | $21,668 |
| Prepaid expenses and deferred charges | $183,836 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,163,507 |
| Total assets | $45,135,053 |
| Accounts payable and accrued expenses | $320,719 |
| 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 | $337,489 |
| Unsecured mortgages and notes payable | $164,363 |
| Other liabilities | $11,177,998 |
| Total liabilities | $12,000,569 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $33,134,484 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Bishop Museum Of Science And Nature Inc has recieved totaling $373,188.
| Awarding Organization | Amount |
|---|---|
Manatee Community Foundation Inc Bradenton, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $297,381 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $43,557 |
Max & Victoria Dreyfus Foundation Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Bradenton Rotary Foundation Incorporated Bradenton, FL PURPOSE: DONATION TO SUPPORT CHARITABLE ORGANIZATION. | $10,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $427,801 |
| Earnings | $43,910 |
| Ending Balance | $471,711 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fernbank Inc Atlanta, GA | $44,303,484 | $13,620,973 |
International Game Fish Association Inc Dania Beach, FL | $22,267,053 | $3,152,444 |
Bishop Museum Of Science And Nature Inc Bradenton, FL | $45,135,053 | $3,584,269 |
Tallahassee Museum Of History And Natural Science Inc Tallahassee, FL | $4,222,964 | $2,794,283 |
Gumbo Limbo Nature Center Inc Boca Raton, FL | $3,587,396 | $564,626 |
Calusa Nature Center & Planetarium Inc Fort Myers, FL | $709,610 | $636,748 |
Savannah Science Museum Inc Savannah, GA | $432,559 | $257,186 |
Anniston Museum Endowment Corporation Anniston, AL | $2,192,638 | $140,529 |
Crowley Museum And Nature Center Inc Sarasota, FL | $1,004,518 | $55,340 |
Old Vero Ice Age Sites Committee Inc Vero Beach, FL | $130,737 | $35,005 |
Suarez Museum Of Natural Science & History Inc Miami, FL | $70,798 | $5,760 |
Museum Of Archaeology Paleontology And Science New Port Richey, FL | $3,774,999 | $600 |