Nevada Discovery Museum

Organization Overview

Nevada Discovery Museum, operating under the name The Terry Lee Wells Nevada Discovery Museum, is located in Reno, NV. The organization was established in 2004. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Terry Lee Wells Nevada Discovery Museum employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terry Lee Wells Nevada Discovery Museum 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 12/2021, Terry Lee Wells Nevada Discovery Museum generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

INSPIRING CURIOSITY, CREATIVITY AND THE JOY OF LIFE LONG LEARNING.

Describe the Organization's Program Activity:

THE NEVADA DISCOVERY MUSEUM, DBA THE TERRY LEE WELLS NEVADA DISCOVERY MUSEUM, (THE DISCOVERY) IS A NONPROFIT EDUCATIONAL INSTITUTION FOUNDED IN 2004 TO INSPIRE CURIOSITY, CREATIVITY AND THE JOY OF LIFELONG LEARNING. THE DISCOVERY CREATES INTEREST AND ENGAGEMENT IN SCIENCE FOR ALL, THROUGH UNIQUE, HANDS-ON PROGRAMS AND EXHIBITS. THE DISCOVERY CREATES LEARNING EXPERIENCES THAT RANGE FROM SIMPLE CURIOSITY TO DEEP UNDERSTANDING, EMPOWERING A COMMUNITY OF CRITICAL THINKERS. SINCE SEPTEMBER 2011, THE DISCOVERY HAS QUICKLY BECOME A VALUED EDUCATIONAL RESOURCE FOR OUR REGION AND A CULTURAL ATTRACTION FOR TOURISTS. THE DISCOVERY HAS WELCOMED MORE THAN 1.4 MILLION VISITORS SINCE OPENING THE DOORS TO ITS VISITORS.


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Board, Officers & Key Employees

Name (title)Compensation
Mat Sinclair
Executive Director
$179,950
Austin Sweet
Past Chair
$0
Stacy Kendall
Chair
$0
Kyle Mccann
Treasurer
$0
Sarah Porter
Vice Chair
$0
Michael Heath
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fong Menante
Consulting
$116,815
Three Dimensional Services
Consulting & Construction
$131,805
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$109,848
Related organizations$0
Government grants $361,740
All other contributions, gifts, grants, and similar amounts not included above$1,193,273
Noncash contributions included in lines 1a–1f $64,444
Total Revenue from Contributions, Gifts, Grants & Similar$1,664,861
Total Program Service Revenue$923,444
Investment income $693
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $56,392
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$29,404
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $69,275
Miscellaneous Revenue$0
Total Revenue $2,685,261

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Nevada Discovery Museum has recieved totaling $205,221.

Awarding OrganizationAmount
Viragh Family Foundation Inc

Bethesda, MD

PURPOSE: SUPPORT MUSEUM THAT PROVIDES A SAFE, NURTURING AND PLAYFUL LEARNING ENVIRONMENT.

$60,000
The Nell J Redfield Foundation

Reno, NV

PURPOSE: SUPPORT FOR THE SHOP, NEW EXHIBITS IN DAVINCI'S CORNER AND CAPACITY BUILDING AT ART ALCOVE

$50,000
Community Foundation Of Western Nevada

Reno, NV

PURPOSE: Family Membership/General support

$29,000
Helen Close Charitable Foundation

Reno, NV

PURPOSE: UNDERSERVED FINANCIAL AID

$20,000
The Barbara And Gerson Bakar Foundation

San Francisco, CA

PURPOSE: GENERAL SUPPORT

$15,000
$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$123,778
Earnings$17,594
Net Contributions$50,000
Ending Balance$191,372

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