Louisiana Art And Science Museum Inc
- Assets
- $6.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Baton Rouge, LA
- Founding
- 07/1962
- Data as of
- 12/2021
- EIN
- 72-0542138
Organization Overview
Louisiana Art And 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 12/2021, Louisiana Art And Science Museum Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Art And 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 12/2021, Louisiana Art And Science Museum Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. 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
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 |
|---|---|---|---|
Serena Pandos President/ceo | Officer | 40 | $141,220 |
Paula Davis Member-At-Large | OfficerTrustee | 1 | $0 |
Jody Montelaro Member-At-Large | OfficerTrustee | 1 | $0 |
Alex Layfield Chair | OfficerTrustee | 1 | $0 |
Ty Bromell Chair-Elect | OfficerTrustee | 1 | $0 |
Lauren Whatley Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $94,107 |
| Membership dues | $0 |
| Fundraising events | $16,791 |
| Related organizations | $0 |
| Government grants | $1,518,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $675,302 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,304,864 |
| Total Program Service Revenue | $224,536 |
| Investment income | $98,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,000 |
| Net Gain/Loss on Asset Sales | $239,839 |
| Net Income from Fundraising Events | $103,372 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,757 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,010,375 |
| 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. | $154,244 |
| Compensation of current officers, directors, key employees. | $20,052 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $793,895 |
| Pension plan accruals and contributions | $10,196 |
| Other employee benefits | $43,589 |
| Payroll taxes | $56,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,448 |
| Fees for services: Accounting | $11,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,589 |
| Fees for services: Other | $8,908 |
| Advertising and promotion | $3,450 |
| Office expenses | $14,823 |
| Information technology | $38,917 |
| Royalties | $0 |
| Occupancy | $210,133 |
| Travel | $455 |
| 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 | $112,191 |
| Insurance | $30,878 |
| All other expenses | $21,932 |
| Total functional expenses | $1,681,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,421,548 |
| Savings and temporary cash investments | $15,516 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,849 |
| Prepaid expenses and deferred charges | $2,705 |
| Net Land, buildings, and equipment | $438,769 |
| Investments—publicly traded securities | $3,891,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $741,815 |
| Total assets | $6,561,733 |
| Accounts payable and accrued expenses | $122,349 |
| Grants payable | $0 |
| Deferred revenue | $92,000 |
| 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 | $214,349 |
| Net assets without donor restrictions | $1,841,888 |
| Net assets with donor restrictions | $4,505,496 |
| 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 | $6,561,733 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Louisiana Art And Science Museum Inc has recieved totaling $186,864.
| Awarding Organization | Amount |
|---|---|
Baton Rouge Area Foundation Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $159,345 |
The Credit Bureau Of Baton Rouge Foundation Baton Rouge, LA PURPOSE: CULTURE & ARTS | $10,000 |
Ochsner Clinic Foundation New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $8,800 |
Arts Council Of Greater Baton Rouge Inc Baton Rouge, LA PURPOSE: TO SUPPORT THE PARTICIPATING ARTS ORGANIZATION | $6,219 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $2,500 |
Endowment Analysis
| Beg. Balance | $3,228,598 |
| Earnings | $342,083 |
| Other Expense | $178,534 |
| Ending Balance | $3,392,147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Louisiana Art And Science Museum Inc Baton Rouge, LA | $6,561,733 | $3,010,375 |
Kid Smart New Orleans, LA | $1,431,671 | $1,483,541 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Fotofest Inc Houston, TX | $1,959,929 | $2,155,129 |
Interform Springdale, AR | $499,617 | $931,526 |
Inspiration Point Fine Arts Colony Inc Eureka Springs, AR | $3,726,831 | $2,341,148 |
Dallas Spark Dallas, TX | $494,166 | $779,653 |
Valere B Potter Trust Uw Dallas, TX | $5,062,926 | $695,206 |
Creative Arts Center Of Dallas Dallas, TX | $609,840 | $730,284 |