South Florida Science Center & Aquarium Inc
- Assets
- $15.1m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 71
- Location
- West Palm Beach, FL
- Founding
- 04/1959
- Data as of
- 09/2021
- EIN
- 59-0915177
Organization Overview
South Florida Science Center & Aquarium Inc is located in West Palm Beach, FL. The organization was established in 1959. 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 09/2021, South Florida Science Center & Aquarium Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Florida Science Center & Aquarium 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 09/2021, South Florida Science Center & Aquarium Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $4.1m during the year ending 09/2021. While expenses have increased by 4.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EXCITE CURIOSITY AND FURTHER THE UNDERSTANDING AND APPRECIATION OF SCIENCE AND TECHNOLOGY.
Describe the Organization's Program Activity:
THE CENTER WELCOMED MORE THAN 200,000 VISITORS LAST YEAR. ATTENDANCE BEGAN TO RECOVER AS COVID-19 RESTRICTIONS WERE LIFTED. THE SCIENCE CENTER OFFERS PERMANENT AND TRAVELING EXHIBITIONS, SALT AND FRESH WATER AQUARIUMS, A PLANETARIUM, A PERFORMANCE THEATER, A WORLD CLASS HUMAN BRAIN EXHIBIT AND AN OUTDOOR SCIENCE-THEMED TRAIL.
THE CENTER REACHED OVER 100,000 PRE K-12 STUDENTS THROUGH ITS OUTREACH EDUCATION AND VIRTUAL SCIENCE-BASED PROGRAMMING AND SUCCESSFULLY HELD SUMMER SCIENCE CAMPS, PROVIDING CHILD CARE SERVICES FOR FRONTLINE WORKERS AND OTHER PARENTS UNABLE TO WORK FROM HOME. THE CENTER HELD PROFESSIONAL DEVELOPMENT WORKSHOPS FOR OVER 100 TEACHERS IN THE FALL, OFFERING A VARIETY OF SCIENCE AND CLASSROOM TEACHING CONCEPTS TO ASSIST IN IMPROVING STUDENTS' ACADEMIC SUCCESS. ALMOST 45% OF THE STUDENTS PARTICIPATING COME FROM UNDER-SERVED COMMUNITIES THROUGH GRANT PROGRAMMING INITIATIVES. THE EDUCATION DEPARTMENT SERVES THE ELEVENTH LARGEST SCHOOL DISTRICT IN THE NATION UNDER A DISTRICT-WIDE AGREEMENT. THROUGH ITS AWARD WINNING STEM NIGHT PROGRAMS, THE CENTER HOSTED PROGRAMS FOR MORE THAN 25,000 STUDENTS.
PROVIDED GUEST SERVICES, A MUSEUM STORE AND MEMBERSHIPS TO ENHANCE THE VISITOR'S EXPERIENCE. HOSTED MONTHLY SCIENCE-THEMED COMMUNITY EVENTS INCLUDING ADULT LECTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Arrizza President/ceo | Officer | 40 | $118,877 |
Matthew B Lorentzen Chairman | OfficerTrustee | 6 | $0 |
Dave Nicholson Vice Chairman | OfficerTrustee | 4 | $0 |
Harvey Oyer III Secretary | OfficerTrustee | 4 | $0 |
Eric Stonestrom Treasurer | OfficerTrustee | 4 | $0 |
Alex Coleman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $379,192 |
| Fundraising events | $297,212 |
| Related organizations | $0 |
| Government grants | $1,065,612 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,825,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,567,809 |
| Total Program Service Revenue | $1,514,211 |
| Investment income | $4,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,740 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$58,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $112,280 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,179,164 |
| 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. | $166,427 |
| Compensation of current officers, directors, key employees. | $49,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,319,777 |
| Pension plan accruals and contributions | $19,910 |
| Other employee benefits | $125,581 |
| Payroll taxes | $111,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $114,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,880 |
| Advertising and promotion | $152,372 |
| Office expenses | $144,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $311,490 |
| Travel | $3,734 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,201 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $432,117 |
| Insurance | $125,156 |
| All other expenses | $21,342 |
| Total functional expenses | $4,138,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $3,770,692 |
| Pledges and grants receivable | $257,180 |
| Accounts receivable, net | $3,075 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,294 |
| Prepaid expenses and deferred charges | $207,218 |
| Net Land, buildings, and equipment | $10,288,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530,230 |
| Total assets | $15,064,947 |
| Accounts payable and accrued expenses | $190,822 |
| Grants payable | $0 |
| Deferred revenue | $124,444 |
| 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 | $443,054 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $850,788 |
| Total liabilities | $1,609,108 |
| Net assets without donor restrictions | $11,789,602 |
| Net assets with donor restrictions | $1,666,237 |
| 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 | $15,064,947 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that South Florida Science Center & Aquarium Inc has recieved totaling $5,865,244.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,005,000 |
Cornelia T Bailey Charitable Trust West Palm Beach, FL PURPOSE: THE CORAL REEF RESTORATION EXHIBITION | $250,000 |
Volo Foundation West Palm Beach, FL PURPOSE: GENERAL | $150,500 |
The Batchelor Foundation Inc Miami Beach, FL PURPOSE: GENERAL OPERATIONS | $115,000 |
Palm Healthcare Foundation Inc West Palm Beach, FL PURPOSE: Cox Science Center Operational Support | $52,599 |
Marmot Foundation Mclean, VA PURPOSE: GENERAL/EDUCATIONAL | $50,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orlando Science Center Inc Orlando, FL | $34,260,599 | $16,913,295 |
Museum Of Discovery And Science Inc Fort Lauderdale, FL | $26,090,212 | $5,193,840 |
South Florida Science Center & Aquarium Inc West Palm Beach, FL | $15,064,947 | $6,179,164 |
Elachee Nature Science Center Gainesville, GA | $3,722,676 | $1,815,302 |
Explore Center Inc Mobile, AL | $4,416,683 | $2,220,263 |
Computer Museum Of America Inc Roswell, GA | $321,819 | $737,971 |
The Emerald Coast Science Center Inc Fort Walton Beach, FL | $906,968 | $634,137 |
The@museum Of Information Explosion Huntsville, AL | $624,844 | $672,041 |
Fairhope Educational Enrichment Foundation Inc Fairhope, AL | $3,097,438 | $560,788 |
Railroad Museum Of South Florida Incorporated Fort Myers, FL | $715,000 | $440,397 |
Pensacola Mess Hall Pensacola, FL | $420,708 | $280,865 |
U S Space Walk Of Fame Foundation Titusville, FL | $808,760 | $363,970 |