Perot Museum Of Nature And Science
- Assets
- $176.4m
- Revenue
- $29.7m
- Investments
- $25.7m
- Employees
- 195
- Location
- Dallas, TX
- Founding
- 08/1968
- Data as of
- 09/2022
- 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 09/2023, Perot Museum Of Nature And Science employed 195 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 09/2022, Perot Museum Of Nature And Science generated $29.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $27.4m during the year ending 09/2022. 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
2022
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, HANDS-ON INTERACTIVES, ONSITE SCHOOL PROGRAMS, SCHOOL OUTREACH PROGRAMS, DISCOVERY CAMPS, FILMS AND WEEKEND ACTIVITIES FOR ADULTS, CHILDREN, AND FAMILIES. DURING FISCAL YEAR 2023, THE MUSEUM SERVED OVER 790,000 VISITORS THROUGH ON-SITE VISITS, INCLUDING 1,319 FIELD TRIPS.
THE HOGLUND FOUNDATION THEATER, A NATIONAL GEOGRAPHIC EXPERIENCE, IS A 3D THEATER WHICH PROVIDES VISITORS WITH AN ENGAGING EDUCATIONAL EXPERIENCE. THE MUSEUM FEATURED 5 FILMS IN FISCAL YEAR 2023 WITH ATTENDANCE TOTALING OVER 113,000.
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. THE MUSEUM'S IN-PERSON EDUCATIONAL PROGRAMS SERVED OVER 224,000 PARTICIPANTS IN FISCAL YEAR 2023 THROUGH ONSITE AND OFFSITE ACTIVITIES.
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 WORK SPACES TO SUPPORT CONTINUED RESEARCH OF THE COLLECTIONS. IN ADDITION, PEROT MUSEUM PARTNERS WITH LOCAL AND REGIONAL ORGANIZATIONS TO CONDUCT FIELD RESEARCH AND FOSSIL PRESERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yasmin Bhatia Director | Trustee | 1 | $0 |
Garrett Boone Director | Trustee | 1 | $0 |
Nancy Carlson Director | Trustee | 1 | $0 |
Kelly Compton Director | Trustee | 1 | $0 |
Andrew Gould Director | Trustee | 1 | $0 |
Scott Greene Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Entech Sales & Services Inc Hvac Services | 9/29/23 | $348,842 |
People Performance Resources Llc Hr Consulting Services | 9/29/23 | $228,210 |
Now Cfo Dallas Iii Llc Temporary Accounting Services | 9/29/23 | $210,738 |
Tarrant Construction Services Ltd Building Repair/maintenance Services | 9/29/23 | $174,424 |
Susan Branca Finance Project Consultant Services | 9/29/23 | $159,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,518,878 |
| Fundraising events | $1,347,407 |
| Related organizations | $0 |
| Government grants | $5,246,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,338,495 |
| Noncash contributions included in lines 1a–1f | $20,973 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,451,289 |
| Total Program Service Revenue | $11,914,532 |
| Investment income | $226,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $515,310 |
| Net Gain/Loss on Asset Sales | $173 |
| Net Income from Fundraising Events | -$422,323 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,685,302 |
| 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. | $1,809,090 |
| Compensation of current officers, directors, key employees. | $640,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,887,895 |
| Pension plan accruals and contributions | $51,132 |
| Other employee benefits | $492,496 |
| Payroll taxes | $604,705 |
| Fees for services: Management | $269,563 |
| Fees for services: Legal | $30,156 |
| Fees for services: Accounting | $206,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $116,203 |
| Fees for services: Other | $954,684 |
| Advertising and promotion | $1,109,921 |
| Office expenses | $1,279,679 |
| Information technology | $946,138 |
| Royalties | $381,676 |
| Occupancy | $3,521,285 |
| Travel | $162,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,158 |
| Interest | $11,271 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,716,582 |
| Insurance | $181,160 |
| All other expenses | $0 |
| Total functional expenses | $27,399,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,663,966 |
| Savings and temporary cash investments | $29,324,713 |
| Pledges and grants receivable | $1,819,521 |
| Accounts receivable, net | $318,344 |
| 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 | $1,402,893 |
| Net Land, buildings, and equipment | $110,221,614 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,692,934 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $176,443,985 |
| Accounts payable and accrued expenses | $2,562,653 |
| Grants payable | $0 |
| Deferred revenue | $785,120 |
| 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 | $21,207 |
| Other liabilities | $0 |
| Total liabilities | $3,368,980 |
| Net assets without donor restrictions | $151,100,692 |
| Net assets with donor restrictions | $21,974,313 |
| 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 | $176,443,985 |