Discovery Center Great Lakes
- Assets
- $9.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 09/2008
- Data as of
- 06/2024
- EIN
- 77-0660051
Organization Overview
Discovery Center Great Lakes is located in Traverse City, MI. The organization was established in 2008. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Center Great Lakes 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 06/2024, Discovery Center Great Lakes generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 50.6% each year . All expenses for the organization totaled $745.1k during the year ending 06/2024. While expenses have increased by 34.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT PEOPLE OF ALL AGES, ABILITIES AND NEEDS TO THE GREAT LAKES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVERY CENTER AND PIER - THE DISCOVERY CENTER IS A WHOLLY OWNED SUBSIDIARY OF ROTARY CAMPS SERVICES. THE DISCOVERY CENTER & PIER LEASES DOCK SPACE, SHOP SPACE AND OFFICE SPACE TO WATER-RELATED AREA NON-PROFITS; AND IS IN THE PROCESS OF REDEVELOPING IT'S PIER AND CAMPUS INTO A BARRIER-FREE BASE FOR GREAT LAKES BASED RECREATION AND EDUCATION, INCLUDING THE DEVELOPMENT OF A NEW FRESHWATER RESEARCH AND INNOVATION CENTER. TOGETHER WITH ITS PARTNERS, THE DISCOVERY CENTER & PIER PROVIDES PROGRAMMING & EXPERIENCES TO OVER 40,000 PEOPLE A YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Stow Chair | OfficerTrustee | 0.5 | $0 |
Elaine Wood Vice Chair | OfficerTrustee | 0.5 | $0 |
Mack Beers Treasurer | OfficerTrustee | 0.5 | $0 |
Kate Redman Secretary | OfficerTrustee | 0.5 | $0 |
Steve Feringa Trustee | Trustee | 0.5 | $0 |
Beth Karczewski Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $726,406 |
| Government grants | $180,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $415,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,321,956 |
| Total Program Service Revenue | $171,320 |
| Investment income | $13,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,506,365 |
| 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. | $131,806 |
| Compensation of current officers, directors, key employees. | $6,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,696 |
| Payroll taxes | $17,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,307 |
| Fees for services: Accounting | $17,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,518 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,862 |
| Travel | $552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $653 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230,557 |
| Insurance | $23,436 |
| All other expenses | $9,412 |
| Total functional expenses | $745,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,904 |
| Savings and temporary cash investments | $790,335 |
| Pledges and grants receivable | $226,783 |
| Accounts receivable, net | $68,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,810 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,725 |
| Net Land, buildings, and equipment | $7,910,785 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,311,694 |
| Accounts payable and accrued expenses | $327,107 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $327,107 |
| Net assets without donor restrictions | $8,489,296 |
| Net assets with donor restrictions | $495,291 |
| 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 | $9,311,694 |