Pacific Science Center Foundation
- Assets
- $42.7m
- Revenue
- $17.6m
- Investments
- $2.9m
- Employees
- 288
- Location
- Seattle, WA
- Founding
- 03/1964
- Data as of
- 06/2023
- EIN
- 91-0750867
Organization Overview
Pacific Science Center Foundation, operating under the name Pacific Science Center, is located in Seattle, WA. The organization was established in 1964. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Pacific Science Center employed 288 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Science Center 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 06/2023, Pacific Science Center generated $17.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $19.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PACIFIC SCIENCE CENTER IGNITES CURIOSITY IN EVERY CHILD AND FUELS A PASSION FOR DISCOVERY, EXPERIMENTATION, AND CRITICAL THINKING IN ALL OF US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS - PACIFIC SCIENCE CENTER IS WASHINGTON'S LEADING INSTITUTION FOR HANDS-ON, INFORMAL SCIENCE LEARNING FOR PEOPLE OF ALL AGES. IN 2023, THOUSANDS OF GUESTS IGNITED THEIR CURIOSITY WHILE VISITING HUNDREDS OF EXHIBITS HOUSED ACROSS AN ICONIC SEVEN-ACRE CAMPUS: WANDERING AMONG TROPICAL BUTTERFLIES, TOUCHING LIVE MARINE ANIMALS, TRYING HANDS-ON ENGINEERING CHALLENGES, EXPLORING THE DEPTHS OF OUTER SPACE, AND MORE.
EDUCATION PROGRAMS - FOR DECADES PACSCI HAS PROVIDED HIGHLY ENGAGING STEM PROGRAMMING DURING THE SCHOOL YEAR AND BREAKS. SCHOOL FIELD TRIPS TO PACSCI'S ICONIC LOCATION ARE A TIME-HONORED TRADITION. SCIENCE ON WHEELS TRAVELING WORKSHOPS REACH STUDENTS IN EVERY CORNER OF THE STATE AND WE EXTEND OUR REACH USING MODERN VIRTUAL COMMUNICATION TOOLS. IN 2023, 95,743 CURIOUS MINDS WERE ENGAGED WITH 63% OF THOSE SERVED FROM LOW-INCOME COMMUNITIES OR SCHOOLS WHERE PROGRAMS WERE PROVIDED COMPLETELY FOR FREE. LEARNING DOESN'T STOP DURING SCHOOL BREAKS; NEITHER DOES PACSCI. IN 2023, CAMPS FOR CURIOUS MINDS HOSTED 4,011 CAMPERS, AND AWARDED 339 FULL SCHOLARSHIPS TO OUR AWARD-WINNING, HANDS-ON CAMP PROGRAMS. PACSCI'S DISCOVERY CORPS YOUTH DEVELOPMENT PROGRAM PROVIDED TEENS PAID OPPORTUNITIES TO BUILD LEADERSHIP SKILLS.
THEATERS - PACIFIC SCIENCE CENTER IS HOME TO SEATTLE'S ULTIMATE IMAX EXPERIENCE, WHICH OFFERS GUESTS THE OPPORTUNITY TO EXPLORE DISTANT MAGICAL WORLDS LIKE ANTARCTICA, TRAVEL BACK IN TIME TO WHEN DINOSAURS ROAMED THE EARTH, JOURNEY TO THE FARTHEST REACHES OF THE UNIVERSE, AND IMMERSE THEMSELVES IN A CINEMATIC EXPERIENCE LIKE NO OTHER. FILMS COME TO LIFE IN BOTH 2D AND 3D IN PACSCI'S PACCAR AND BOEING IMAX THEATERS WITH GIANT SCREENS, CRYSTAL CLEAR IMAGERY, AND 12,000 WATTS OF DIGITAL SURROUND SOUND. PACSCI'S LASER DOME IS HOME TO THE MOST FULL-COLOR LASERS PERMANENTLY INSTALLED IN ANY LASER DOME IN AMERICA AND OFFERS GUESTS A WIDE VARIETY OF EXCITING MUSICAL PROGRAMMING EXPERIENCES DAY AND NIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Barnwell Board Chair | OfficerTrustee | 1 | $0 |
Josh Binder Treasurer | OfficerTrustee | 1 | $0 |
Sarah Buhayar Secretary | OfficerTrustee | 1 | $0 |
Dr Steven Buchsbaum Director | Trustee | 1 | $0 |
Stan Mcnaughton Director | Trustee | 1 | $0 |
Sherilyn Anderson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Covollo Group Dba Cnc Diversified Flooring Installation | 6/29/23 | $496,465 |
Kkt Corp Dba Mono Rooftop Solutions Rooftop Repairs | 6/29/23 | $499,569 |
Cas Construction Solutions Llc Construction | 6/29/23 | $435,407 |
Forum One Communications Corporation Web Design | 6/29/23 | $272,052 |
Dh Puget Sound Llc Management Consulting | 6/29/23 | $267,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $43,265 |
| Membership dues | $1,950,565 |
| Fundraising events | $503,337 |
| Related organizations | $0 |
| Government grants | $3,580,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,577,101 |
| Noncash contributions included in lines 1a–1f | $2,029,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,654,331 |
| Total Program Service Revenue | $7,391,798 |
| Investment income | $435,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,000 |
| Net Rental Income | $422,916 |
| Net Gain/Loss on Asset Sales | -$501,421 |
| Net Income from Fundraising Events | -$77,586 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $228,474 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,593,745 |
| 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. | $568,912 |
| Compensation of current officers, directors, key employees. | $568,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,623,226 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $698,635 |
| Payroll taxes | $721,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,598 |
| Fees for services: Accounting | $117,663 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,309,040 |
| Advertising and promotion | $928,026 |
| Office expenses | $1,051,105 |
| Information technology | $780,839 |
| Royalties | $0 |
| Occupancy | $1,283,724 |
| Travel | $87,955 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,081 |
| Interest | $167,321 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,185,103 |
| Insurance | $260,376 |
| All other expenses | -$77,586 |
| Total functional expenses | $19,633,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $491,042 |
| Savings and temporary cash investments | $4,454,704 |
| Pledges and grants receivable | $99,875 |
| Accounts receivable, net | $108,678 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,630 |
| Prepaid expenses and deferred charges | $406,972 |
| Net Land, buildings, and equipment | $22,726,006 |
| Investments—publicly traded securities | $9,579,286 |
| Investments—other securities | $2,938,587 |
| Investments—program-related | $0 |
| Intangible assets | $299,253 |
| Other assets | $1,610,906 |
| Total assets | $42,749,939 |
| Accounts payable and accrued expenses | $2,341,165 |
| Grants payable | $0 |
| Deferred revenue | $2,509,307 |
| 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 | $8,700,000 |
| Other liabilities | $322,275 |
| Total liabilities | $13,872,747 |
| Net assets without donor restrictions | $22,796,341 |
| Net assets with donor restrictions | $6,080,851 |
| 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 | $42,749,939 |