Form 990 for tax year 2022

Filed by THE KENTUCKY SCIENCE CENTER INC.

Totals

Total revenue: $6,438,764
Total expenses: $6,440,877
Contributions and grants received: $2,457,834
Grants paid: $0
Program service revenue: $3,695,731
Investment income: $137,865
Other revenue: $147,334
Total assets, end of year: $8,232,323
Total liabilities, end of year: $1,370,466
Net assets or fund balances, end of year: $6,861,857
Program services expenses (Part IX): $5,027,511
Management and general expenses: $901,983
Fundraising expenses: $511,383
Program service expenses (Part III): $5,027,511

Program services were 78.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$132,147
1e · Government grants (contributions)

$1,812,500
1f · All other contributions, gifts and grants

$513,187
2a · Program service revenue: ADMISSIONS

total $1,234,903 · related or exempt $1,225,865 · unrelated business $9,038
2b · Program service revenue: GROUPS AND PROGRAMS

total $1,205,022 · related or exempt $1,205,022
2c · Program service revenue: MEMBERSHIP

total $806,161 · related or exempt $806,161
2d · Program service revenue: PARKING

total $441,709 · excluded $441,709
2e · Program service revenue: EXHIBIT DESIGN/PRODUCT

total $7,936 · related or exempt $7,936
3 · Investment income

total $82,413 · excluded $82,413
6a · Gross rents

real property $246,175
6b · Less rental expenses

real property $225,876
6c · Rental income or loss

real property $20,299
6d · Net rental income or loss

total $20,299 · unrelated business -$17,100 · excluded $37,399
7a · Gross sales of assets other than inventory

securities $260,309
7b · Less cost or other basis and sales expenses

securities $204,857
7c · Gain or loss

securities $55,452
7d · Net gain or loss

total $55,452 · excluded $55,452
8a · Fundraising events: gross income

$22,375
8a · Fundraising events: contributions included on line 1c

$132,147
8b · Fundraising events: direct expenses

$75,023
8c · Net income from fundraising events

total -$52,648 · excluded -$52,648
9a · Gaming: gross income

$12,653
9b · Gaming: direct expenses

$1,373
9c · Net income from gaming

total $11,280 · excluded $11,280
10a · Gross sales of inventory

$264,987
10b · Cost of goods sold

$116,500
10c · Net income from sales of inventory

total $148,487 · related or exempt $148,487
11a · Other revenue: OTHER INCOME

total $19,916 · excluded $19,916
11e · Other revenue, total

$19,916

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $338,819 · program services $66,842 · management and general $182,854 · fundraising $89,123
7 · Other salaries and wages

total $2,924,912 · program services $2,379,767 · management and general $242,237 · fundraising $302,908
8 · Pension plan contributions

total $37,560 · program services $32,315 · management and general $521 · fundraising $4,724
9 · Other employee benefits

total $241,324 · program services $193,329 · management and general $20,444 · fundraising $27,551
10 · Payroll taxes

total $252,340 · program services $191,987 · management and general $32,404 · fundraising $27,949
11c · Fees: accounting

total $33,800 · management and general $33,800
11d · Fees: lobbying

total $15,000 · management and general $15,000
11f · Fees: investment management

total $5,120 · management and general $5,120
11g · Fees: other

total $443,357 · program services $373,589 · management and general $56,936 · fundraising $12,832
12 · Advertising and promotion

total $242,197 · program services $242,197
13 · Office expenses

total $194,609 · program services $47,599 · management and general $121,423 · fundraising $25,587
14 · Information technology

total $61,738 · program services $44,563 · management and general $4,113 · fundraising $13,062
16 · Occupancy

total $587,104 · program services $537,474 · management and general $49,630
17 · Travel

total $28,222 · program services $26,865 · management and general $1,275 · fundraising $82
19 · Conferences, conventions and meetings

total $11,986 · management and general $11,986
22 · Depreciation, depletion and amortization

total $694,082 · program services $635,946 · management and general $58,136
23 · Insurance

total $41,958 · program services $6,789 · management and general $35,169
24a · Other expenses: EDUCATIONAL SUPPLIES

total $148,639 · program services $148,639
24b · Other expenses: THEATER FILM FEES

total $74,765 · program services $74,765
24c · Other expenses: MISCELLANEOUS EXPENSE

total $62,614 · program services $24,114 · management and general $30,935 · fundraising $7,565
24d · Other expenses: GIFT SHOP

total $731 · program services $731

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $249,953 · end of year $1,661
2 · Savings and temporary cash investments

beginning of year $3,342,027 · end of year $2,191,213
3 · Pledges and grants receivable

beginning of year $722,692 · end of year $527,237
4 · Accounts receivable

beginning of year $472,933 · end of year $416,204
8 · Inventories for sale or use

beginning of year $56,655 · end of year $54,810
9 · Prepaid expenses and deferred charges

beginning of year $54,873 · end of year $53,477
10a · Land, buildings and equipment: cost or other basis

$24,032,236
10b · Land, buildings and equipment: accumulated depreciation

$19,773,976
10c · Land, buildings and equipment, net

beginning of year $2,491,372 · end of year $4,258,260
11 · Investments: publicly traded securities

beginning of year $644,414 · end of year $725,349
15 · Other assets

beginning of year $8,005 · end of year $4,112
17 · Accounts payable and accrued expenses

beginning of year $590,325 · end of year $549,893
19 · Deferred revenue

beginning of year $605,443 · end of year $816,461
25 · Other liabilities

beginning of year $8,005 · end of year $4,112
27 · Net assets without donor restrictions

beginning of year $4,120,440 · end of year $5,935,431
28 · Net assets with donor restrictions

beginning of year $2,718,711 · end of year $926,426

Mission and programs · 2022

Mission

WE EXUDE A DO SCIENCE PHILOSOPHY. OUR MESSAGE IS SIMPLE: PLAY, TINKER, COLLABORATE, TEST, EXPERIMENT, GOOF UP, AND TRY AGAIN. WE DON'T CARE IF YOU GET THE RIGHT ANSWERS THE FIRST TIME OR EVER. WE WANT YOU TO BE ENDLESSLY CURIOUS ABOUT THE WORLD AROUND YOU. WE SERVE AS A NEUTRAL PLACE TO TALK ABOUT SCIENCE ISSUES THAT CAN BE EVOCATIVE.WE BELIEVE THAT SCIENCE MATTERS TO SOCIETY AND THAT SCIENCE LITERACY EMPOWERS COMMUNITIES TO WORK TOWARD A BETTER QUALITY OF LIFE FOR ALL. WE BELIEVE THAT SCIENCE MATTERS TO THE WORKFORCE BECAUSE PEOPLE WHO MASTER STEAM SKILLS ARE BEST PREPARED TO FACE THE OPPORTUNITIES AND CHALLENGES OF THE 21ST CENTURY. WE BELIEVE THAT SCIENCE MATTERS TO INDIVIDUALS AND FAMILIES BECAUSE CURIOSITY IS A CRITICAL SPRINGBOARD FOR EARLY LEARNERS AND FOR TEENS AND ADULTS LOOKING TO BETTER UNDERSTAND THEIR WORLD.AT KENTUCKY SCIENCE CENTER, SCIENCE MATTERS BECAUSE WE MAKE IT PERSONAL, FUN, PARTICIPATORY, AND RELEVANT. WE ARE AMBASSADORS OF SCIENTIFIC VALUES.

Activities or mission (Part I)

ALREADY RECOGNIZED AS A LEADER IN INQUIRY-BASED LEARNING, KENTUCKY SCIENCE CENTER IS ADVANCING A STATEWIDE SCIENCE LITERACY CAMPAIGN TO ENCOURAGE PEOPLE OF ALL AGES TO EXPLORE SCIENCE IN EVERYDAY LIFE. ITS FLAGSHIP LOCATION ON LOUISVILLE, KY'S HISTORIC MUSEUM ROW, WELCOMES VISITORS FROM ACROSS THE GLOBE WITH 3 FLOORS OF INTERACTIVE EXHIBITS AND FILMS ON A 4-STORY SCREEN. WITH DAILY PROGRAMMING FOR CHILDREN, FAMILIES, AND ADULTS, THE SCIENCE CENTER PLAYS AN ONGOING ROLE IN THE REGION AS A RESOURCE FOR CAREGIVERS AND TEACHERS, A GATHERING PLACE FOR THE SCIENCE COMMUNITY, AND A CHOSEN SOURCE OF ENTERTAINMENT FOR ALL.

EXHIBITS & FLAGSHIP - THE KENTUCKY SCIENCE CENTER WAS NAMED THE STATE SCIENCE CENTER OF KENTUCKY BY THE KENTUCKY GENERAL ASSEMBLY IN 2002 AND ACTIVELY SERVES INDIVIDUALS THROUGHOUT THE COMMONWEALTH AND INDIANA. IN 2023, KENTUCKY SCIENCE CENTER IMPACTED 100% OF KENTUCKY COUNTIES AND 95% OF INDIANA COUNTIES. IT IS THE LARGEST HANDS-ON SCIENCE CENTER IN KENTUCKY WITH INTERACTIVE EXHIBITS AND ACTIVITY STATIONS, A FOUR-STORY THEATER, TEACHING LABORATORIES, ON- AND OFF-SITE EDUCATIONAL PROGRAMS, PULSE OF SURGERY (OPEN HEART SURGERY) PROGRAM, AND DISTANCE LEARNING CAPABILITIES. THE KENTUCKY SCIENCE CENTER FEATURES INTERACTIVE EXHIBITS AND ENGAGING PROGRAMS THAT BENEFIT FAMILIES, ADULTS, SCHOOLS, AND BUSINESSES.

Expenses $2,788,879 · Revenue $2,112,097
FOUR-STORY THEATER - KENTUCKY SCIENCE CENTER OFFERS A LARGE-FORMAT THEATER EXPERIENCE WITH A SCREEN THAT EXTENDS FOUR STORIES HIGH. THIS TRULY IMMERSIVE THEATER IS PROGRAMMED TO OFFER AN ARRAY OF FILMS THAT ARE BOTH EDUCATIONAL AND ENTERTAINING, TAKING VISITORS TO WORLDS THEY WOULD NOT OTHERWISE EXPERIENCE IN FULLY UNIQUE AND UNIMAGINABLE WAYS.

Expenses $248,124 · Revenue $168,071
EDUCATION: SCHOOL FIELD TRIPS - KENTUCKY SCIENCE CENTER SERVES STUDENTS AND TEACHERS FROM ACROSS KENTUCKY AND INDIANA THROUGH SCHOOL FIELD TRIPS, DISTANCE LEARNING, AND EDUCATIONAL VAN PROGRAMS. THE ORGANIZATION BOASTS 6 LAB SPACES AND 5 CLASSROOMS EQUIPPED FOR HANDS-ON PARTICIPATION THAT CAN BE USED FOR STUDENT WORKSHOPS, TEACHER TRAINING, PARENT MENTORING, AND EDUCATIONAL SUMMER ENRICHMENT. PROGRAMS FOR STUDENTS AND TEACHERS CORRESPOND TO THE CORE CURRICULUM AREAS OF NEXT GENERATION SCIENCE STANDARDS TO SUPPORT 21ST CENTURY LEARNING SKILLS AND ARE COMPLEMENTED BY VISITS TO OUR PERMANENT EXHIBITION GALLERIES AND/OR VIEWINGS OF LARGE FORMAT FILMS. EARLY CHILDHOOD - KENTUCKY SCIENCE CENTER ENGAGES WITH CHILDREN AGES 0-8 AND THEIR PARENTS, CAREGIVERS, AND TEACHERS THROUGH A WEB OF SERVICES THAT INCLUDE ADULT/CHILD LEARNING EXPERIENCES, PARENT TRAININGS AND RESOURCES, TEACHER TRAININGS AND RESOURCES, MENTORING, NETWORKING AND COMMUNITY COLLABORATIONS. THESE PROGRAMS ARE ANCHORED BY THE SCIENCE CENTER'S EARLY CHILDHOOD EXHIBIT, "SCIENCE IN PLAY". IN ADDITION, THE TRAVELING EXHIBIT, "SCIENCE IN PLAY2GO" TRAVELS TO KENTUCKY LIBRARIES, SERVING 3-MONTH RESIDENCIES THAT GIVE FAMILIES THROUGHOUT THE COMMONWEALTH THE CHANCE TO EXPERIENCE HIGH QUALITY SCIENCE LITERACY EXPERIENCES IN THEIR LOCAL COMMUNITIES.EDUCATIONAL OUTREACH AND COMMUNITY PARTNERSHIPS - KENTUCKY SCIENCE CENTER ACTS AS A CATALYST FOR IMPROVED SCIENCE LITERACY ACROSS THE STATE BY OFFERING EVENTS AND ACTIVITIES AT OUR FLAGSHIP FACILITY AS WELL AS AT FESTIVALS, EVENTS, BUSINESSES, SCHOOLS AND OTHER PARTNER LOCATIONS. WE AFFILIATE WITH AN ECLECTIC ARRAY OF PARTNERS AND COLLABORATORS TO PROMOTE OUR SCIENCE LITERACY MISSION AND CURRENTLY BOAST TWO TRAVELING OUTREACH PROGRAMS FOR SCHOOLS. CAMPS/WORKSHOPS/SPECIAL EVENTS - SCIENCE LEARNING OUTSIDE THE CLASSROOM HAPPENS BOTH ON-SITE AT KENTUCKY SCIENCE CENTER AND THROUGHOUT THE REGION THROUGH PROGRAMS DESIGNED TO EXCITE AND ENGAGE YOUNG LEARNERS. THESE INCLUDE SCOUT PROGRAMS, FAMILY SCIENCE NIGHTS, AND SEASONAL SCHOOL'S OUT SCIENCE CAMPS THAT ARE POWERFUL OPPORTUNITIES TO BRING SCIENCE TO LIFE IN REAL, EXCITING AND NON-FORMAL WAYS.

Expenses $1,990,508 · Revenue $1,113,303

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Michael NormanMICHAEL NORMAN

CHIEF EXECUTIVE OFFICER

Total calculated

$224,306

From this org

$204,716

From related orgs

$0

Other

$19,590

Hours/week

40

Schedule J breakdown matched by us

Base

$194,716

Bonus

$10,000

Other

$0

Deferred

$6,288

Nontaxable benefits

$13,302

Filer's total

$224,306
Joanna HaasJOANNA HAAS

CHIEF CREATIVE OFFICER

Total calculated

$178,109

From this org

$172,005

From related orgs

$0

Other

$6,104

Hours/week

40

Schedule J breakdown matched by us

Base

$142,005

Bonus

$30,000

Other

$0

Deferred

$745

Nontaxable benefits

$5,359

Filer's total

$178,109
Rebecca BairdREBECCA BAIRD

CHIEF FINANCIAL OFFICER

Total calculated

$105,404

From this org

$92,990

From related orgs

$0

Other

$12,414

Hours/week

40
Aaron ButlerAARON BUTLER

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Abby PiperABBY PIPER

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Andrea WilsonANDREA WILSON

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Becky JohnsonBECKY JOHNSON

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Ben MalphrusBEN MALPHRUS

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Bill SeifritBILL SEIFRIT

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Blake HenryBLAKE HENRY

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Carmen Moreno-RiveraCARMEN MORENO-RIVERA

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Chris TeeleyCHRIS TEELEY

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Craig MooneyCRAIG MOONEY

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Derek BlandDEREK BLAND

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Derrick MillerDERRICK MILLER

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Gracie BechtGRACIE BECHT

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Harmony LittleHARMONY LITTLE

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Heidi KonynenbeltHEIDI KONYNENBELT

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
James HigdonJAMES HIGDON

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Jody ClaseyJODY CLASEY

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
John RileyJOHN RILEY

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Keith HamiltonKEITH HAMILTON

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Kristin CookKRISTIN COOK

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Linda StoneLINDA STONE

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Lynette BreedloveLYNETTE BREEDLOVE

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Michael ShafferMICHAEL SHAFFER

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Norman SeawrightNORMAN SEAWRIGHT

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Paul Demarco JrPAUL DEMARCO JR

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Ron VonderhaarRON VONDERHAAR

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Ryan SaxtonRYAN SAXTON

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Sam EllingtonSAM ELLINGTON

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Sibusiso NgubeniSIBUSISO NGUBENI

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Steve GrundSTEVE GRUND

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Terri WhobreyTERRI WHOBREY

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Thomas Gray JrTHOMAS GRAY JR

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
Veena ReddyVEENA REDDY

NON-COMPENSATED BOARD

Total calculated

$0

Hours/week

1
David TandyDAVID TANDY

CHAIR

Total calculated

$0

Hours/week

1
Giavonne RondoGIAVONNE RONDO

VICE CHAIR

Total calculated

$0

Hours/week

1
Melissa WhiteheadMELISSA WHITEHEAD

GENERAL COUNSEL/SECRETARY

Total calculated

$0

Hours/week

1
Tom FerreeTOM FERREE

TREASURER

Total calculated

$0

Hours/week

1
John OusephJOHN OUSEPH

IMMEDIATE PAST CHAIR

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Form 990 of other organizations
3 · Written employment contract
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7: PER THE CHIEF EXECUTIVE OFFICER'S EMPLOYMENT AGREEMENT, THE CEO RECEIVED A BONUS FOR SUCCESSFUL COMPLETION OF A THREE YEAR STRATEGIC PLAN AS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. PER THE CHIEF CREATIVE OFFICER'S EMPLOYMENT AGREEMENT, THE CCO RECEIVED A BONUS FOR SUCCESSFUL COMPLETION OF THE EMPLOYMENT AGREEMENT AS APPROVED BY THE CEO, CHAIRMAN OF THE BOARD OF DIRECTORS, AND IMMEDIATE PAST CHAIRMAN OF THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 20 February 2024
IRS schema version: 2022v5.0
Source object: 202410609349301331

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