Science Museum Oklahoma Inc
- Assets
- $87.9m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 259
- Location
- Oklahoma City, OK
- Founding
- 04/1960
- Data as of
- 06/2021
- EIN
- 73-0682415
Organization Overview
Science Museum Oklahoma Inc is located in Oklahoma City, OK. The organization was established in 1960. 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, Science Museum Oklahoma Inc employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science Museum Oklahoma 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 06/2021, Science Museum Oklahoma Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $9.7m during the year ending 06/2021. 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
IT IS OUR MISSION TO REVEAL THE WONDER AND RELEVANCE OF SCIENCE. WE DO THIS THROUGH INTERACTIVE EXHIBITS AND HANDS-ON EXPERIMENTS THAT FOLLOW AN INQUIRY-BASED LEARNING MODEL WHICH ENCOURAGES SELF-DISCOVERY AND CREATIVE, ORGANIC THOUGHT. BEING BOTH A SMALL MARKET PHYSICAL SCIENCE INSTITUTION AND A SMITHSONIAN AFFILIATE GIVES US THE RESOURCES TO MARRY TRADITIONAL SCIENCE EXHIBITS WITH ONE-OF-A-KIND ARTIFACTS THAT GIVE A CULTURAL CONTEXT TO THE SCIENCE EXPLORED IN THE MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENCE EDUCATION:EDUCATIONAL PROGRAMS AND ACTIVITIES ARE PROVIDED FOR THE GENERAL PUBLIC AND SCHOOL GROUPS ON AN ONGOING BASIS THROUGHOUT THE YEAR BOTH IN THE MUSEUM AND THROUGH SPECIAL OUTREACH PROGRAMS. STUDENTS AND VISITORS CAN EXPERIENCE ONE OF OUR LIVE MULTI-MEDIA, AUDIENCE PARTICIPATION THEATER SHOWS, OR LEARN THE SCIENCE OF SPECIFIC EXHIBITS FROM ONE OF OUR MANY VOLUNTEERS AND FLOOR FACILITATORS. THESE ACTIVITIES SERVE TO PROMOTE INTEREST IN, AND ENHANCE THE KNOWLEDGE AND UNDERSTANDING OF THE SCIENCES.
MUSEUM & INTERACTIVE LEARNING EXHIBITS:SCIENCE MUSEUM OKLAHOMA PROVIDES APPROXIMATELY 149,000 SQUARE FEET OF INTERACTIVE INQUIRY-BASED EXHIBITS AND CULTURAL ARTIFACTS THAT ENCOURAGE CREATIVITY, LEARNING, AND SELF-DISCOVERY. THE MUSEUM IS AVAILABLE TO THE GENERAL PUBLIC, SCHOOLS, AND OTHER GROUPS, SEVEN DAYS PER WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Starling Chair | Trustee | 0.1 | $0 |
Alexis Lopresto Vice Chair | Trustee | 0.1 | $0 |
Peggy Kates Secretary | Trustee | 0.1 | $0 |
Lori Boyd Treasurer | Trustee | 0.1 | $0 |
Kimber Shoop III Trustee | Trustee | 0.1 | $0 |
Chris Anoatubby Trustee | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yzer Dba Funnel Design Group Design Service | 6/29/18 | $187,390 |
Smith & Pickel Construction Construction | 6/29/18 | $117,326 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,307,782 |
| Investment income | $11,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $49,730 |
| Net Rental Income | $16,692 |
| 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 | $312,861 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,278,809 |
| 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. | $473,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,555,082 |
| Pension plan accruals and contributions | $92,195 |
| Other employee benefits | $363,937 |
| Payroll taxes | $315,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,170 |
| Fees for services: Accounting | $59,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $396,088 |
| Advertising and promotion | $106,028 |
| Office expenses | $225,716 |
| Information technology | $26,274 |
| Royalties | $0 |
| Occupancy | $759,583 |
| Travel | $5,851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,092 |
| Interest | $79,123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,688,145 |
| Insurance | $40,205 |
| All other expenses | $0 |
| Total functional expenses | $9,664,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,730,043 |
| Savings and temporary cash investments | $87,410 |
| Pledges and grants receivable | $244,366 |
| Accounts receivable, net | $58,339 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $83,095 |
| Prepaid expenses and deferred charges | $114,285 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,344,792 |
| Total assets | $87,882,272 |
| Accounts payable and accrued expenses | $513,016 |
| Grants payable | $0 |
| Deferred revenue | $708,338 |
| 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 | $1,915,228 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,136,582 |
| 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 | $84,745,690 |