Childrens Discovery Center
- Assets
- $10.0m
- Revenue
- $981.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 02/1987
- Data as of
- 12/2022
- EIN
- 99-0241632
Organization Overview
Childrens Discovery Center is located in Honolulu, HI. The organization was established in 1987. According to its NTEE Classification (A52) the organization is classified as: Children's 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. Childrens Discovery 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 12/2022, Childrens Discovery Center generated $981.3k 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 (16.1%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. 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
THE DISCOVERY CENTER SERVES AS A RESOURCE FOR THE CHILDREN OF HAWAII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A DISCOVERY CENTER IN HONOLULU HAWAII
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liane Usher President | OfficerTrustee | 40 | $90,000 |
Steven Ai Secretary | OfficerTrustee | 5 | $0 |
Arthur Tokin Treasurer | OfficerTrustee | 5 | $0 |
Mark Fukunaga Director | Trustee | 2 | $0 |
Lauren Wright Director | Trustee | 2 | $0 |
Jay Kadowaki Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $103,591 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $474,396 |
| Total Program Service Revenue | $1,037,771 |
| Investment income | -$570,064 |
| 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 | $39,165 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $981,268 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $567,748 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,631 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $126,331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $719,472 |
| Insurance | $139,541 |
| All other expenses | $0 |
| Total functional expenses | $2,124,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,453,914 |
| Savings and temporary cash investments | $551,458 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,219,853 |
| Investments—publicly traded securities | $4,793,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,018,430 |
| Accounts payable and accrued expenses | $4,550 |
| Grants payable | $0 |
| Deferred revenue | $66,082 |
| 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 | $70,632 |
| Net assets without donor restrictions | $9,947,798 |
| Net assets with donor restrictions | $0 |
| 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 | $10,018,430 |