Adventure Science Center Nashville
- Assets
- $22.0m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 58
- Location
- Nashville, TN
- Founding
- 07/1954
- Data as of
- 06/2022
- EIN
- 62-0479192
Organization Overview
Adventure Science Center Nashville is located in Nashville, TN. The organization was established in 1954. 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 06/2022, Adventure Science Center Nashville employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adventure Science Center Nashville 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 06/2022, Adventure Science Center Nashville generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $5.2m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ADVENTURE SCIENCE CENTER IS TO OPEN EVERY MIND TO THE WONDERS OF SCIENCE AND TECHNOLOGY, FOSTERING A BETTER UNDERSTANDING OF OURSELVES AND THE WORLD AROUND US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS: ADVENTURE SCIENCE CENTER OFFERS COMPREHENSIVE SCIENCE EXHIBITS, STEAM PROGRAMS AND EVENTS FOR GUESTS OF ALL AGES. ALL EXHIBITS ARE DESIGNED TO STIMULATE IMAGINATIONS THROUGH IMMERSIVE HANDS-ON ACTIVITIES AND EXPERIENCES, PRESENTED USING A VARIETY OF MEDIA TECHNOLOGY. GALLERIES INCLUDE SOUNDBOX (MUSIC AND SOUND), INFINIUM ROOM, MAKER SPACE (I2), SPACE CHASE & THE SOLAR SYSTEM, HUMAN BODY, AN EXCLUSIVE PRE-K AREA AND AN INDOOR ADVENTURE TOWER.
GENERAL OPERATIONS: DURING FY22, ADVENTURE SCIENCE CENTER REACHED MORE THAN 239,000 PEOPLE THOUGH VISITATIONS, IN-SCHOOL AND OUT-OF-SCHOOL STEAM PROGRAMMING FOR STUDENTS AND COMMUNITY PROGRAMS. OPEN THURSDAY-MONDAY, ADVENTURE SCIENCE CENTER DELIVERED INNOVATIVE EXHIBITIONS, FIELD TRIP PROGRAMS, SCIENCE DEMONSTRATIONS, PLANETARIUM SHOWS, AND OUTREACH PROGRAMS DESIGNED TO ADHERE TO STATE AND NATIONAL EDUCATION STANDARDS.
PLANETARIUM: WITH AN EVER-CHANGING LINEUP OF SHOWS, THE STATE-OF-THE-ART SUDEKUM PLANETARIUM PRESENTS EXCITING FULL DOME EDUCATIONAL PRODUCTIONS PRODUCED INTERNALLY AND LEASED FROM OUTSIDE VENDORS. OFFERINGS THIS YEAR INCLUDED: SPACE EXPLORERS: THE ISS EXPERIENCE: EPISODE 1 - ADAPT, DREAM TO FLY, THE SECRETS OF GRAVITY, DESTINATION MARS: THE NEW FRONTIER, EXPLORERS, WE ARE ASTRONOMERS, HABITAT EARTH, RUSTY ROCKET'S LAST BLAST, POLARIS: THE SPACE SUBMARINE AND THE MYSTERY OF THE POLAR NIGHT, ONE WORLD, ONE SKY: BIG BIRD'S ADVENTURE, WONDERFUL SKY, THE LITTLE STAR THAT COULD, NINE PLANETS AND COUNTING, ECLIPSE: THE SUN REVEALED, ASTRONAUT, DARK UNIVERSE, INCOMING!, BIG ASTRONOMY, A WIDE ARRAY OF LASER SHOWS FEATURED MUSIC INCLUDING: QUEEN, JUKEBOX HEROES, THE BEATLES, LASER HOLIDAYS, BEYONCE, PINK FLOYD: THE DARK SIDE OF THE MOON, LASER LEGENDS, LASER FOO FIGHTERS, LED ZEPPELIN, PRINCE, THAT '70S LASER SHOWS, ROCKET MAN, LASER '90S, THE OTHER SIDE OF PINK FLOYD, FRIGHT LIGHT, GENESIS, LASER STRANGER THINGS, DAVID BOWIE. THROUGHOUT THE YEAR, OVER 72,000 GENERAL PUBLIC GUESTS AND SCHOOL STUDENTS ATTENDING PLANETERIUM SHOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hinkley President & CEO | Officer | 50 | $332,025 |
Karen Musacchio Chief Business Officer | Officer | 47 | $190,327 |
Grant Martin Chief Development Officer (jul-Dec) | Officer | 40 | $179,630 |
Suzanna Best Vice President Marketing | 40 | $122,033 | |
Kelly Mayes Chair | OfficerTrustee | 2 | $0 |
Jonathan Skeeters Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roto Group Llc Exhibit Design | 6/29/19 | $209,860 |
Milek Midea Advertising Services | 6/29/19 | $385,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,976 |
| Related organizations | $0 |
| Government grants | $3,220,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,332,202 |
| Noncash contributions included in lines 1a–1f | $10,850 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,566,889 |
| Total Program Service Revenue | $3,337,695 |
| Investment income | $40,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,059 |
| Net Income from Fundraising Events | $76,354 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $310,512 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,457,321 |
| 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. | $627,916 |
| Compensation of current officers, directors, key employees. | $151,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,420,313 |
| Pension plan accruals and contributions | $28,057 |
| Other employee benefits | $161,301 |
| Payroll taxes | $133,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,000 |
| Fees for services: Accounting | $55,350 |
| Fees for services: Lobbying | $7,630 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,626 |
| Fees for services: Other | $48,826 |
| Advertising and promotion | $301,081 |
| Office expenses | $190,345 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $398,696 |
| Travel | $7,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,002 |
| Interest | $26,950 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,063,025 |
| Insurance | $83,145 |
| All other expenses | $5,475 |
| Total functional expenses | $5,174,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,705,184 |
| Savings and temporary cash investments | $56,281 |
| Pledges and grants receivable | $1,166,570 |
| Accounts receivable, net | $54,755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $50,733 |
| Prepaid expenses and deferred charges | $103,491 |
| Net Land, buildings, and equipment | $12,856,221 |
| Investments—publicly traded securities | $2,250,078 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,991 |
| Other assets | $798,866 |
| Total assets | $22,045,170 |
| Accounts payable and accrued expenses | $445,685 |
| Grants payable | $0 |
| Deferred revenue | $711,517 |
| 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 | $737,559 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,894,761 |
| Net assets without donor restrictions | $16,707,888 |
| Net assets with donor restrictions | $3,442,521 |
| 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 | $22,045,170 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Adventure Science Center Nashville has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Ryman Hospitality Properties Foundation Nashville, TN PURPOSE: GRANT FOR SUPPORT OF PROGRAM MISSION FOR EDUCATION AND YOUTH ENRICHMENT | $15,000 |
Endowment Analysis
| Beg. Balance | $2,401,468 |
| Earnings | -$375,579 |
| Net Contributions | $231,849 |
| Other Expense | $3,989 |
| Ending Balance | $2,253,749 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Cook Museum Of Natural Science Decatur, AL | $31,863,685 | $9,083,410 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |