Louisiana Art & Science Museum Inc
- Assets
- $6.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 46
- Location
- Baton Rouge, LA
- Founding
- 07/1962
- Data as of
- 12/2023
- EIN
- 72-0542138
Organization Overview
Louisiana Art & Science Museum Inc is located in Baton Rouge, LA. The organization was established in 1962. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Louisiana Art & Science Museum Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Art & Science Museum 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 12/2023, Louisiana Art & Science Museum Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM SEEKS TO ENHANCE THE UNDERSTANDING AND APPRECIATION OF ART AND SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM - ART MUSEUM DISPLAYS PAINTINGS, SCULPTURES & PHOTOGRAPHICS.
PLANETARIUM FACILITY PROVIDES EXHIBITS, FILMS AND OTHER SCIENTIFIC EDUCATIONAL PROGRAMMING.
DISCOVERY DEPOT & SCIENCE STATION AMONG THE NUMEROUS SPECIAL EXHIBITS WITHIN THE MUSEUM PROVIDE SPECIALIZED EDUCATIONAL OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Allen Trustee | Trustee | 0.5 | $0 |
Noah Boudreaux Trustee | Trustee | 0.5 | $0 |
Drew Tessier Chair-Elect | OfficerTrustee | 1 | $0 |
Elizabeth Canfield Chair | OfficerTrustee | 1 | $0 |
Paula Davis Member-At-Large | OfficerTrustee | 1 | $0 |
Eric Dexter Member-At-Large | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,481 |
| Related organizations | $0 |
| Government grants | $1,376,113 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,694,031 |
| Total Program Service Revenue | $533,242 |
| Investment income | $124,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,518 |
| Net Gain/Loss on Asset Sales | $47,799 |
| Net Income from Fundraising Events | $264,372 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $83,412 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,822,318 |
| 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. | $186,547 |
| Compensation of current officers, directors, key employees. | $9,234 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,122,197 |
| Pension plan accruals and contributions | $12,136 |
| Other employee benefits | $44,919 |
| Payroll taxes | $92,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,275 |
| Fees for services: Accounting | $17,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,109 |
| Fees for services: Other | $32,603 |
| Advertising and promotion | $14,320 |
| Office expenses | $18,833 |
| Information technology | $66,931 |
| Royalties | $0 |
| Occupancy | $260,630 |
| Travel | $5,296 |
| 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 | $143,328 |
| Insurance | $21,363 |
| All other expenses | $52,664 |
| Total functional expenses | $2,302,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,702 |
| Savings and temporary cash investments | $15,522 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $209,666 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,816 |
| Prepaid expenses and deferred charges | $29,581 |
| Net Land, buildings, and equipment | $982,424 |
| Investments—publicly traded securities | $4,389,557 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $677,888 |
| Total assets | $6,768,156 |
| Accounts payable and accrued expenses | $135,262 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $135,262 |
| Net assets without donor restrictions | $2,109,179 |
| Net assets with donor restrictions | $4,523,715 |
| 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 | $6,768,156 |