Museum Of Discovery And Science Inc
- Assets
- $28.3m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 277
- Location
- Fort Lauderdale, FL
- Founding
- 03/1979
- Data as of
- 09/2021
- EIN
- 59-1709542
Organization Overview
Museum Of Discovery And Science Inc is located in Fort Lauderdale, FL. The organization was established in 1979. 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 09/2023, Museum Of Discovery And Science Inc employed 277 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Discovery And Science 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, Museum Of Discovery And Science Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $7.2m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING PEOPLE TO INSPIRING SCIENCE BY BRINGING THE COMMUNITY TOGETHER, CREATING ENGAGING SCIENCE EXPERIENCES AND HIGHLIGHTING INNOVATIONS IN STEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIONS AND EXHIBITS-INTERACTIVE HANDS-ON EXHIBITS IN THE AREAS OF ECOLOGY, HEALTH, SPACE AND TECHNOLOGY USED TO INCREASE APPRECIATION OF SCIENCE IN ADULTS AND CHILDREN. 320,870 SERVED
EDUCATIONAL PROGRAMS-SCHOOL TOURS, SUMMER CAMPS, AND INDIVIDUALIZED PROGRAMS DESIGNED TO HELP PARTICIPANTS INCREASE THEIR UNDERSTANDING OF SCIENCE. 138,739 SERVED REPETITIVE INVOLVEMENT IS ENCOURAGED IN ONGOING PROGRAMS, CLASSES, AND WORKSHOPS WITH THE GOALS OF INCREASING COMMUNITY AWARENESS AND SKILLS AS RELATED TO THE ARTS AND SCIENCES. ALSO, TEACHERS ARE TRAINED TO USE PARTICIPATORY METHODS TO MOTIVATE AND EXPEDITE LEARNING EXPERIENCES.
THEATER AND VISITORS SERVICE-IMAX THEATER OFFERS EDUCATION FILMS PROVIDING A FORUM FOR THE EXCHANGE OF VIEWS ON ISSUES OF SCIENCE HEALTH AND TECHNOLOGY, AND INTENSIFYING THE VISITORS EXPERIENCE. 115,300 SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick J Burgess ESQ Chairman | OfficerTrustee | 2 | $0 |
Johnathan Robertson Vice Chair | OfficerTrustee | 2 | $0 |
Robert B Lochrie III ESQ Immediate Pa | OfficerTrustee | 2 | $0 |
Patty Hooley Secretary | OfficerTrustee | 2 | $0 |
Brian Clay Treasurer | OfficerTrustee | 2 | $0 |
Scott A Ballina Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stiles Construction Co Construction | 9/29/23 | $1,734,697 |
Roto Group Llc Exhibit Design | 9/29/23 | $2,192,687 |
Event Services Group Events | 9/29/23 | $293,159 |
Centuric Llc Informationtech | 9/29/23 | $227,931 |
Millennium Cleaning Service Cleaning | 9/29/23 | $369,744 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,225,548 |
| Investment income | $776,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $311,846 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,330,673 |
| 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. | $365,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,382,670 |
| Pension plan accruals and contributions | $26,746 |
| Other employee benefits | $152,766 |
| Payroll taxes | $196,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $27,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $550,130 |
| Advertising and promotion | $222,613 |
| Office expenses | $48,453 |
| Information technology | $0 |
| Royalties | $119,802 |
| Occupancy | $0 |
| Travel | $22,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,358,864 |
| Insurance | $419,922 |
| All other expenses | $0 |
| Total functional expenses | $7,224,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,469 |
| Savings and temporary cash investments | $2,928,336 |
| Pledges and grants receivable | $638,833 |
| Accounts receivable, net | $172,614 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,018,339 |
| Inventories for sale or use | $68,154 |
| Prepaid expenses and deferred charges | $67,709 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,252,979 |
| Total assets | $28,270,551 |
| Accounts payable and accrued expenses | $576,752 |
| Grants payable | $0 |
| Deferred revenue | $67,233 |
| 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 | $643,985 |
| 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 | $27,626,566 |