Orlando Science Center Inc
- Assets
- $36.5m
- Revenue
- $17.2m
- Investments
- $2.9m
- Employees
- 399
- Location
- Orlando, FL
- Founding
- 02/1957
- Data as of
- 06/2024
- EIN
- 59-0896343
Organization Overview
Orlando Science Center Inc is located in Orlando, FL. The organization was established in 1957. 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 06/2024, Orlando Science Center Inc employed 399 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orlando 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 06/2024, Orlando Science Center Inc generated $17.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $16.1m during the year ending 06/2024. While expenses have increased by 5.3% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE SCIENCE LEARNING FOR LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BY INSPIRING SCIENCE LEARNING FOR LIFE, OSC CREATES PROSPERITY IN OUR COMMUNITY THAT ENHANCES LIVES. IN FY2024, OSC HAD 660,000 VISITORS (AN 11% INCREASE OVER FY 23), INCLUDING 160,669 WHO RECEIVED FREE OR REDUCED-PRICE ADMISSION. OUR CORE EXHIBITS INCLUDE KIDSTOWN - CREATIVE PLAY NURTURING COGNITIVE DEVELOPMENT OF YOUNG CHILDREN; LIFE - WHICH TELLS THE STORY OF CONSERVATION THROUGH DIRECT ENCOUNTERS WITH THE ANIMALS THAT SHARE OUR PLANET; KINETIC ZONE - FUNDAMENTALS OF FORCES; DINO DIGS - PALEONTOLOGY AND GIANT PREHISTORIC CREATURES; OUR PLANET, OUR UNIVERSE - MYSTERIES OF SPACE AND EARTH'S DYNAMIC FORCES; AND THE HIVE: A MAKERSPACE - MAKING, LEARNING AND EXPLORING WITH TOOLS AND MENTORS TO HELP TURN CREATIVE IDEAS INTO REALITY.
165,000 OF OUR VISITORS EXPERIENCED OSC THROUGH FIELD TRIPS AND OTHER EDUCATIONAL PROGRAMMING. (A 13% INCREASE OVER FY 23) WE INSPIRE SCIENCE LEARNING THROUGH ON-SITE DEMONSTRATIONS, PROGRAMS, LAB AND SCHOOL FIELD TRIP ACTIVITIES, TEACHER PROFESSIONAL DEVELOPMENT, BREAK CAMPS AND CLASSES, AND AN ONSITE PRESCHOOL. OFF-SITE PROGRAMS BRING CLASSROOM AND ASSEMBLY-TYPE PROGRAMS TO STUDENTS AND THEIR PARENTS AT LOCAL SCHOOLS, LIBRARIES, AND OTHER EDUCATIONAL AND CULTURAL VENUES IN NINE COUNTIES THROUGHOUT CENTRAL FLORIDA.OSC'S PLACE-BASED OUTREACH PROGRAM, NEIGHBORHOOD SCIENCE, PROVIDES CONSISTENT STEM LEARNING EXPERIENCES FOR AFTER SCHOOL PROGRAMS IDENTIFIED BY OUR COMMUNITY PARTNERS AND LOCAL GOVERNMENT OFFICIALS AS DISTRESSED COMMUNITIES THAT LACK ACCESS TO QUALITY STEM EXPERIENCES. ON FISCAL YEAR (FY) 2024 NEIGHBORHOOD SCIENCE SERVED TWO LOCATIONS, GRAND AVENUE NEIGHBORHOOD CENTER AND THE BRADLEY OTIS BRAND OF THE BOYS & GIRLS CLUBS OF CENTRAL FLORIDA, WITH FREE STEM WORKSHOPS 2-4 DAYS PER WEEK, COVERING TOPICS SUCH AS ENGINEERING DESIGN PROCESS, COMPUTER SCIENCE, CODING, ROBOTICS, VIRTUAL REALITY, AND MAKER SPACES. WE HAVE MULTI-YEAR COMMITMENTS AT EACH OF THESE LOCATIONS, ALLOWING US TO MAKE A DEEP IMPACT WITH LONG-TERM, CONSISTENT PROGRAMMING. THESE PARTNERS ARE LOCATED IN THE 32805-ZIP CODES, BOTH OF WHICH THE ECONOMIC INNOVATION GROUP HAS IDENTIFIED AS DISTRESSED ZIP CODES, ENDURING A LOW RATE OF HIGH SCHOOL GRADUATION, HIGH UNEMPLOYMENT RATE, AND HIGH POVERTY RATE. IN FISCAL YEAR 2024, NEIGHBORHOOD SCIENCE PROVIDED OVER 5,000 STUDENT TOUCHPOINTS.
OUR DR. PHILLIPS CINEDOME, OBSERVATORY AND DIGITAL ADVENTURE THEATER EDUCATE VISITORS OF ALL AGES. THE 309-SEAT DR. PHILLIPS CINEDOME OFFERS VISITORS GIANT SCREEN FILMS IN THE EIGHT-STORY DOMED VENUE. THE DIGITAL ADVENTURE THEATER HOSTS EDUCATIONAL MOVIES DAILY AND SCIENCE LIVE! PROGRAM FAVORITES SUCH AS SECRETS OF THE UNIVERSE WITH STATE-OF-THE-ART 4K DIGITAL PROJECTION AND 7.1 SURROUND SOUND, THE DIGITAL ADVENTURE THEATER ALSO PRESENTS MOVIES IN 2D AND 3D, AND HOSTS GUEST PRESENTATIONS BY SCIENTISTS. THE OBSERVATORY FEATURES CENTRAL FLORIDA'S LARGEST REFRACTOR TELESCOPE AND PROVIDES PUBLIC ACCESS FOR VIEWING ASTRONOMICAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Demetria Sloan Chair | OfficerTrustee | 2 | $0 |
Jim Atchison Vice President & Governance Chair | OfficerTrustee | 2 | $0 |
Nirav Pandya Immediate Past President & Treasurer | OfficerTrustee | 2 | $0 |
Dr Richard Signor Secretary | OfficerTrustee | 2 | $0 |
Chris Carmody ESQ Board Counsel | Trustee | 2 | $0 |
Michelle Devos Development Chair | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roto Group Llc Exhibit Design | 6/29/24 | $2,458,708 |
Mccree General Contractors Inc Construction | 6/29/24 | $1,229,017 |
Finfrock Construction Llc Construction | 6/29/24 | $522,803 |
Grosvenor Building Services Llc Janitorial Services | 6/29/24 | $373,522 |
Amano Mcgann Inc Construction | 6/29/24 | $251,814 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $131,428 |
| Membership dues | $0 |
| Fundraising events | $78,355 |
| Related organizations | $0 |
| Government grants | $2,691,773 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,252,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,154,455 |
| Total Program Service Revenue | $8,892,698 |
| Investment income | $468,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $648,232 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$49,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,205,547 |
| 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. | $465,411 |
| Compensation of current officers, directors, key employees. | $457,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,299,680 |
| Pension plan accruals and contributions | $163,911 |
| Other employee benefits | $535,340 |
| Payroll taxes | $555,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,766 |
| Fees for services: Other | $999,874 |
| Advertising and promotion | $492,767 |
| Office expenses | $50,437 |
| Information technology | $374,193 |
| Royalties | $154,946 |
| Occupancy | $1,274,555 |
| Travel | $81,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,070 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,331,535 |
| Insurance | $443,618 |
| All other expenses | $61,151 |
| Total functional expenses | $16,059,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,913,812 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,185,766 |
| Accounts receivable, net | $361,968 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $122,712 |
| Net Land, buildings, and equipment | $21,697,196 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,920,781 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $335,446 |
| Total assets | $36,537,681 |
| Accounts payable and accrued expenses | $1,503,453 |
| Grants payable | $0 |
| Deferred revenue | $2,123,374 |
| 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 | $3,626,827 |
| Net assets without donor restrictions | $25,978,141 |
| Net assets with donor restrictions | $6,932,713 |
| 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 | $36,537,681 |