Fort Worth Museum Of Science And History
- Assets
- $55.6m
- Revenue
- $8.8m
- Investments
- $2.6m
- Employees
- 225
- Location
- Fort Worth, TX
- Founding
- 06/1948
- Data as of
- 09/2021
- EIN
- 75-0755335
Organization Overview
Fort Worth Museum Of Science And History is located in Fort Worth, TX. The organization was established in 1948. 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 09/2021, Fort Worth Museum Of Science And History employed 225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Museum Of Science And History 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 09/2021, Fort Worth Museum Of Science And History generated $8.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $8.8m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 6 years. 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
DEDICATED TO LIFELONG LEARNING AND ANCHORED BY OUR RICH COLLECTIONS, THE FORT WORTH MUSEUM OF SCIENCE AND HISTORY ENGAGES OUR DIVERSE COMMUNITY THROUGH CREATIVE, VIBRANT PROGRAMS AND EXHIBITS INTERPRETING SCIENCE AND THE STORES OF TEXAS AND THE SOUTHWEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM OWNS AND MAINTAINS A COLLECTION OF OVER 175,000 SCIENTIFIC EXHIBITS AND HISTORICAL OBJECTS WITH AN EMPHASIS ON TEXAS AND THE SOUTHWEST. WE PROVIDE ENGAGING, INTERACTIVE EXPERIENCES TO THE PUBLIC THAT INVOLVE POWERFUL, FIRST-HAND INFORMAL LEARNING THROUGH OUR EXHIBITIONS, INNOVATION GALLERY, INNOVATION STUDIOS, AND CHILDREN'S MUSEUM. THE MUSEUM FEATURES 50,000+ SQUARE FEET OF EXHIBITIONS ON TOPICS INCLUDING ENERGY, DINOSAURS, INNOVATION, FORT WORTH HISTORY, AND ASTRONOMY. THE MUSEUM WELCOMED OVER 300,000 GUESTS, INCLUDING SCHOOL CHILDREN, FAMILIES, AND GROUPS.
DISCOVERY LABS ON WHEELS PROVIDES PROGRAMMING TO A VARIETY OF AUDIENCES FROM SCHOOL CLASSROOMS TO COMMUNITY AND LIBRARY PROGRAMS. DLOW ALSO PROVIDES LIFE SCIENCE LECTURES TO RETIREMENT COMMUNITIES AND ASSISTED LIVING FACILITIES, INCLUDING MEMORY CARE PATIENTS. THROUGH THIS PROGRAM, MUSEUM EDUCATORS TAKE MUSEUM ARTIFACTS FROM THE TEACHING COLLECTION TO THESE FACILITATES AND TALK TO THE RESIDENTS ABOUT THEM. ALL THE PROGRAMS HAVE CENTRAL THEMES (TEXAS SEASHORE, TRINITY RIVER ECOSYSTEM, POLLINATORS, ETC.). THIS PROGRAM IS A WONDERFUL WAY TO BRING A PART OF THE MUSEUM TO AN AUDIENCE THAT MAY HAVE A HARD TIME VISITING US. DURING FY 2020, DISCOVERY LAB ON WHEELS WENT TO OVER 50 DIFFERENT LOCATIONS, SERVING A TOTAL OF 4,579 CHILDREN / STUDENTS AND 2,009 ADULTS / TEACHERS.FAMILY MUSEUM NIGHTS PROVIDE SCHOOLS THE OPPORTUNITY TO BRING THEIR FAMILIES TO THE MUSEUM FOR AN EXCLUSIVE VISIT. DURING FY 2020, 56 SCHOOLS VISITED THE MUSEUM WITH 15,000 IN ATTENDANCE. FAMILY STEAM FESTIVALS TRAVELS TO SCHOOL CAMPUSES BRINGING QUALITY EDUCATIONAL EXPERIENCES INTO THE SCHOOL FOR FAMILIES WHO MAY NOT BE ABLE TO ATTEND THE MUSEUM OTHERWISE. DURING FY 2020, THE MUSEUM BROUGHT STEM LEARNING FUN TO 45 SCHOOLS WITH OVER 10,000 IN ATTENDANCE.
OTHER PROGRAM SERVICES CONSIST OF RENTAL INCOME, NET INCOME FROM SALES OF INVENTORY, PARKING FEES, AND OTHER PROGRAM REVENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Van Romans President | Officer | 40 | $307,592 |
Kippen DE Alba Chue Chief Administrative Officer | 40 | $211,275 | |
Douglas A Roberts Chief Technology Officer | 40 | $146,839 | |
David E Nolet Treasurer | OfficerTrustee | 2.5 | $0 |
Stephanie Bird Baker Trustee | OfficerTrustee | 1 | $0 |
Marianne Auld Chair | OfficerTrustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bennett Benner Partners Architecture Services | 9/29/17 | $720,035 |
Haskel Consulting Llc Fund Raising Consultant | 9/29/17 | $216,000 |
Far Out Creative Direction Consulting Services | 9/29/17 | $105,776 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $152,813 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,556,561 |
| Noncash contributions included in lines 1a–1f | $28,801 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,709,374 |
| Total Program Service Revenue | $630,357 |
| Investment income | $33,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $228 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $191,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,824,812 |
| 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. | $680,766 |
| Compensation of current officers, directors, key employees. | $259,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,413,543 |
| Pension plan accruals and contributions | $741,465 |
| Other employee benefits | $308,355 |
| Payroll taxes | $222,802 |
| Fees for services: Management | $790,678 |
| Fees for services: Legal | $17,655 |
| Fees for services: Accounting | $71,666 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,254 |
| Fees for services: Investment Management | $8,332 |
| Fees for services: Other | $44,263 |
| Advertising and promotion | $56,883 |
| Office expenses | $177,615 |
| Information technology | $62,550 |
| Royalties | $0 |
| Occupancy | $379,583 |
| Travel | $102,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,362 |
| Interest | $24,091 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,042,268 |
| Insurance | $106,646 |
| All other expenses | $53,584 |
| Total functional expenses | $8,771,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,708,826 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,170,028 |
| Accounts receivable, net | $968,020 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,605 |
| Net Land, buildings, and equipment | $48,122,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,590,266 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,630 |
| Total assets | $55,575,767 |
| Accounts payable and accrued expenses | $2,991,729 |
| Grants payable | $0 |
| Deferred revenue | $184,077 |
| 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 | $881,060 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,655 |
| Total liabilities | $4,082,521 |
| Net assets without donor restrictions | $34,596,043 |
| Net assets with donor restrictions | $16,897,203 |
| 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 | $55,575,767 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fort Worth Museum Of Science And History has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Harris Franklin Pearson Private Foundation Azle, TX PURPOSE: ASSITANCE TO INDIGENT FAMILIES | $200 |
Endowment Analysis
| Beg. Balance | $6,198,126 |
| Earnings | $407,552 |
| Other Expense | $1,008,332 |
| Ending Balance | $5,597,346 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
Battleship Texas Foundation Inc Houston, TX | $9,923,977 | $4,711,164 |
Childrens Museum Of Northwestarkansas Bentonville, AR | $23,218,828 | $2,416,188 |