Knoxville Science Museum Inc
- Assets
- $375.2k
- Revenue
- $25.3k
- Investments
- $25.2k
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- Data as of
- 12/2022
- EIN
- 84-4884540
Organization Overview
Knoxville Science Museum Inc is located in Knoxville, TN. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knoxville Science Museum Inc 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 12/2022, Knoxville Science Museum Inc generated $25.3k 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 (58.4%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KNOXVILLE SCIENCE MUSEUM, INC. WAS ESTABLISHED TO CONSTRUCT AND OPERATE A PROPOSED 150,000 SQUARE FOOT SCIENCE MUSEUM TO PROVIDE AREA RESIDENTS AND VISITORS OF ALL AGES WITH INTERACTIVE OPPORTUNITIES TO EXPLORE AND LEARN ABOUT SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM). THE CITY OF KNOXVILLE HAS APPROVED THE PROPOSED PROJECT AND HAS GRANTED A PARCEL OF PROPERTY NEAR DOWNTOWN KNOXVILLE TO SERVE AS THE MUSEUM'S SITE. UNTIL RECENTLY, THE PROPERTY HOUSED THE KNOXVILLE POLICE DEPARTMENT FACILITIES AND SOME CITY COURT OFFICES, THE LAST OF WHICH WAS RELOCATED BY THE CITY TO ANOTHER PROPERTY IN THE SUMMER OF 2023. THE RELOCATION PROCESS WAS DELAYED BY THE COVID PANDEMIC AND CONSTRUCTION PROBLEMS AT THE OTHER PROPERTY. UNTIL THE RELOCATION OF THE POLICE DEPARTMENT AND CITY COURT OFFICES WAS COMPLETED, THE KNOXVILLE SCIENCE MUSEUM COULD NOT BEGIN DEMOLITION AND ENGINEERING SITE PREP AT THE PROPERTY. DURING 2022 THE KNOXVILLE SCIENCE MUSEUM BOARD OF DIRECTORS APPROVED THE TRANSFER OF 20
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James L Clayton Dir./ Presid | 0.1 | $0 | |
Susan Brown Director | 0.1 | $0 | |
Mark Freeman Director | 0.1 | $0 | |
Chuck Justice Sec./treas. | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $359 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$88 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,271 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $22 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $350,000 |
| Other assets | $0 |
| Total assets | $375,249 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $20,000 |
| Total liabilities | $20,000 |