Fargo-Moorhead Science Museum
- Assets
- $780.9k
- Revenue
- $612.5k
- Investments
- $7.8k
- Employees
- 4
- Location
- Fargo, ND
- Founding
- Data as of
- 12/2023
- EIN
- 83-1068911
Organization Overview
Fargo-Moorhead Science Museum is located in Fargo, ND. 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 12/2023, Fargo-Moorhead Science Museum employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fargo-Moorhead Science Museum 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 12/2023, Fargo-Moorhead Science Museum generated $612.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $731.3k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FMSM IS COMMUNITY PROJECT TO DESIGN AND BUILD A DESTINATION SCIENCE MUSEUM FOR THE FM REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FARGO-MOORHEAD SCIENCE MUSEUM OUTREACH PROGRAM PROVIDES FREE EDUCATIONAL PROGRAMMING TO THE FM REGION WHICH IGNITES CURIOSITY IN SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, AND MEDICINE (STEMM). FMSM ENGAGES WITH COMMUNITY MEMBERS AT ADMISSION-FREE PUBLIC EVENTS AT LIBRARIES AND PARKS AND TARGETS UNDERSERVED COMMUNITIES THROUGH MOBILE STEMM OUTREACH. IN 2023, FMSM PROVIDED EIGHTY HOURS OF STEMM PROGRAMMING ACROSS 17 COMMUNITY EVENTS TO 2,841 COMMUNITY MEMBERS. THESE EFFORTS WERE SUPPORTED BY EIGHT DEDICATED VOLUNTEERS COMMITTED TO BRINGING FREE STEMM OUTREACH TO AREA EVENTS. OUR PROGRAMS PROVIDE OPPORTUNITIES FOR HANDS-ON INTERACTIONS WITH REAL SCIENCE WHICH MAKES SCIENTIFIC CONCEPTS CONCRETE FOR PARTICIPANTS AND CAN CREATE LIFE-LONG ENTHUSIASM FOR SCIENCE. FMSM STAFF AND VOLUNTEERS SPENT HUNDREDS OF HOURS CONTINUING TO BUILD THE FRAMEWORK FOR THE CAPITAL CAMPAIGN AND CULTIVATING RELATIONSHIPS WITH COMMUNITY STAKEHOLDERS AND DONORS. THE FMSM EDUCATION COMMITTEE WORKED WITH GYROSCOPE INC. TO FINALIZE THE VISITOR EXPERIENCE PLAN. THE ORGANIZATION RECEIVED A $500,000 GRANT FROM THE STATE OF NORTH DAKOTA TO SUPPORT OPERATIONAL COSTS DURING THIS PLANNING AND CONSTRUCTION PHASE. THE BOARD OF DIRECTORS SELECTED THE FUTURE MUSEUM SITE, DEVELOPED THE FMSM STRATEGIC PLAN, AND RECEIVED RESULTS OF THE FEASIBILITY STUDY PREPARED BY CONSULTECON INC. THE BOARD ALSO RESEARCHED COST ESTIMATES FOR ARCHITECTURAL DESIGN FOR A BUILDING WHERE CURIOUS MINDS OF ALL AGES CAN EXPLORE AND ENGAGE IN SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, AND MEDICINE SUBJECTS COLLECTIVELY KNOWN AS STEMM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwen Mccartney Chair | OfficerTrustee | 20 | $0 |
Jessie Rock Past Chair | OfficerTrustee | 7.5 | $0 |
Anne Stoll Treasurer (started 7/2023) | OfficerTrustee | 7.5 | $0 |
Danni Melquist Secretary | OfficerTrustee | 7.5 | $0 |
Stephanie Day Director (left 4/2023) | Trustee | 2.5 | $0 |
Christina Snider Campaign Chair | OfficerTrustee | 7.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $500,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,138 |
| Total Program Service Revenue | $0 |
| Investment income | $332 |
| 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 | $612,470 |
| 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. | $160,096 |
| Compensation of current officers, directors, key employees. | $40,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,138 |
| Pension plan accruals and contributions | $1,396 |
| Other employee benefits | $36,620 |
| Payroll taxes | $28,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,803 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $154,471 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,737 |
| Advertising and promotion | $46,069 |
| Office expenses | $14,055 |
| Information technology | $42,445 |
| Royalties | $0 |
| Occupancy | $5,426 |
| Travel | $8,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,568 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,521 |
| Insurance | $2,248 |
| All other expenses | $2,659 |
| Total functional expenses | $731,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $720,230 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,558 |
| Net Land, buildings, and equipment | $48,832 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,809 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $780,929 |
| Accounts payable and accrued expenses | $1,396 |
| 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 | $1,396 |
| Net assets without donor restrictions | $722,011 |
| Net assets with donor restrictions | $57,522 |
| 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 | $780,929 |