Perot Museum Of Nature And Science
- Assets
- $175.4m
- Revenue
- $10.4m
- Investments
- $23.4m
- Employees
- 315
- Location
- Dallas, TX
- Founding
- 08/1968
- Data as of
- 09/2020
- EIN
- 75-6067569
Organization Overview
Perot Museum Of Nature And Science is located in Dallas, TX. The organization was established in 1968. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Perot Museum Of Nature And Science employed 315 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perot Museum Of Nature And Science 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 09/2020, Perot Museum Of Nature And Science generated $10.4m 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 (9.7%) each year. All expenses for the organization totaled $25.2m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE MINDS THROUGH NATURE AND SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPENING DECEMBER 1, 2012, THE PEROT MUSEUM IS A RESULT OF A SUCCESSFUL $185 MILLION CAPITAL CAMPAIGN TO UNITE THREE INSTITUTIONS (THE DALLAS MUSEUM OF NATURAL HISTORY, THE SCIENCE PLACE AND THE DALLAS CHILDREN'S MUSEUM) INTO ONE INTERACTIVE BUILDING. WITH THE MISSION TO "INSPIRE MINDS THROUGH NATURE AND SCIENCE," THE MUSEUM PROVIDES A WIDE VARIETY OF ACTIVITIES INCLUDING IN-DEPTH PERMANENT EXHIBITS, TRAVELING EXHIBITS, INTERACTIVE DISCOVERY STATIONS, ONSITE SCHOOL PROGRAMS, SCHOOL OUTREACH PROGRAMS, DISCOVERY CAMPS, FILMS AND WEEKEND ACTIVITIES FOR ADULTS, CHILDREN, AND FAMILIES. DURING FISCAL YEAR 2021, THE MUSEUM SERVED 413,567 VISITORS THROUGH ON-SITE VISITS, INCLUDING 137,990 SCHOOL-AGED CHILDREN.
THE MUSEUM IS DEDICATED TO INSPIRING CHILDREN TO PURSUE STEM CAREERS BY PROVIDING ENGAGING EDUCATIONAL TOOLS. THE MUSEUM PROVIDES HANDS-ON, LEARNING PROGRAMS FOR SCHOOL CHILDREN THAT SUPPORT THE TEXAS ESSENTIAL KNOWLEDGE AND SKILLS (TEKS) STANDARDS. TO ENSURE ACCESSIBILITY TO PEROT MUSEUM PROGRAMS, PARTICULARLY SCHOOLS SERVING STUDENTS ON FREE OR REDUCED LUNCH, THE MUSEUM PROVIDES FINANCIAL AID WITH FUNDS CONTRIBUTED BY INDIVIDUALS, CORPORATIONS AND FOUNDATIONS FOR THIS PURPOSE. AS COVID-19 PAUSED MANY EDUCATIONAL EFFORTS, THE MUSEUM EXPANDED ITS OFFERINGS TO INCLUDE VIRTUAL TRAINING AND PROGRAMMING SERVING 64,463 PARTICIPANTS IN FISCAL YEAR 2021. IN ADDITION, THE MUSEUM'S IN-PERSON EDUCATIONAL PROGRAMS SERVED 40,520 PARTICPANTS IN FISCAL YEAR 2021 THROUGH ONSITE AND OFFSITE ACITIVIES.
THE PEROT MUSEUM OPENED A NEW COLLECTIONS FACILITY IN MARCH 2020, ALLOWING THE MUSEUM'S COLLECTIONS TO BE CONSOLIDATED INTO ONE, STATE-OF-THE-ART FACILITY. THIS FACILITY PROVIDES AMPLE LAB AND WORKSPACES TO SUPPORT CONTINUED RESEARCH OF THE COLLECTIONS. IN ADDITION, PEROT MUSEUM PARTNERED WITH LOCAL AND REGIONAL ORGANIZATIONS SUCH AS THE UPPER TRINITY REGIONAL WATER DISTRICT TO PROVIDE TRAINING AND CONSULTING FOR FOSSIL PRESERVATION.
THE HOGLUND FOUNDATION THEATER, A NATIONAL GEOGRAPHIC EXPERIENCE, IS A 3D THEATER WHICH PROVIDES VISITORS WITH AN ENGAGING EDUCATIONAL EXPERIENCE. IN RESPONSE TO THE COVID-19 PANDEMIC, THE THEATER CLOSED TEMPORARILY IN MARCH 2020 DID NOT OPEN IN FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Abraham-Silver Chief Executive Officer | Officer | 40 | $349,203 |
David Humphries Chief Operating Officer | Officer | 40 | $213,656 |
Katherine Stenesen Chief Development Officer | Officer | 40 | $212,998 |
Anne Woods Chief Financial Officer | Officer | 40 | $179,338 |
Arthur Ferrell Vice President Of Human Resources | Officer | 40 | $43,916 |
Marianne Baerg Chief Experience Officer | Officer | 40 | $31,282 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Redleescs Inc Janitorial Services | 9/29/21 | $493,490 |
Balfour Beatty Construction Gallery Construction | 9/29/21 | $1,579,153 |
Entech Sales And Services Inc Hvac/plumbing/electrical Maintenance Ser | 9/29/21 | $305,994 |
Guideit Information Technology | 9/29/21 | $478,736 |
Allied Universal Security Services Security Services | 9/29/21 | $539,462 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,183,589 |
| Investment income | $331,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $367,123 |
| Net Gain/Loss on Asset Sales | -$254,122 |
| Net Income from Fundraising Events | -$189,255 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,408,594 |
| 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. | $1,328,165 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,750,976 |
| Pension plan accruals and contributions | $61,021 |
| Other employee benefits | $546,964 |
| Payroll taxes | $598,323 |
| Fees for services: Management | $126,822 |
| Fees for services: Legal | $32,333 |
| Fees for services: Accounting | $235,231 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $324,653 |
| Advertising and promotion | $968,727 |
| Office expenses | $931,329 |
| Information technology | $789,381 |
| Royalties | $135,123 |
| Occupancy | $3,325,112 |
| Travel | $140,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,115 |
| Interest | $78,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,223,876 |
| Insurance | $167,056 |
| All other expenses | $0 |
| Total functional expenses | $25,178,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,302,676 |
| Savings and temporary cash investments | $23,427,331 |
| Pledges and grants receivable | $2,837,057 |
| Accounts receivable, net | $130,732 |
| 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 | $1,186,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,381,532 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $175,435,811 |
| Accounts payable and accrued expenses | $2,047,168 |
| Grants payable | $0 |
| Deferred revenue | $675,471 |
| 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 | $3,730,829 |
| Other liabilities | $0 |
| Total liabilities | $6,453,468 |
| 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 | $168,982,343 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Perot Museum Of Nature And Science has recieved totaling $52,500.
| Awarding Organization | Amount |
|---|---|
Mudge Foundation 4942-0 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $25,000 |
Turningpoint Foundation Dallas, TX PURPOSE: TOWARDS THE TECH TRUCK-STEM | $25,000 |
Swalwell-Connor Family Foundation Inc Dallas, TX PURPOSE: SUPPORT THE WORK OR A LOCAL MUSEUM | $2,500 |
Endowment Analysis
| Beg. Balance | $25,126,770 |
| Earnings | $6,135,127 |
| Other Expense | $816,096 |
| Ending Balance | $30,445,801 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Museum Of Natural Science Houston, TX | $243,476,932 | $54,084,906 |
Perot Museum Of Nature And Science Dallas, TX | $175,435,811 | $10,408,594 |
Mid-America Science Museum Hot Springs, AR | $8,690,669 | $2,940,977 |
Heard Natural Science Museum And Wildlife Sanctuary Inc Mckinney, TX | $5,672,839 | $1,651,000 |
New Mexico Museum Of Natural History Foundation Albuquerque, NM | $2,394,217 | $1,457,992 |
Medicine Park Museum Of Natural Science Inc Medicine Park, OK | $1,642,228 | $754,070 |
San Juan County Museum Association Farmington, NM | $1,508,472 | $338,732 |
Brazos Valley Museum Of Natural History Bryan, TX | $600,098 | $456,496 |
Asombro Institute For Science Education Las Cruces, NM | $536,096 | $424,554 |
Lubbock Sportsmans Club Inc Lubbock, TX | $162,859 | $294,410 |
Remember The Alamo Foundation San Antonio, TX | $457,970 | $100,866 |
Farmington Museum Foundation Inc Farmington, NM | $1,203,901 | $50,926 |