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Nonprofiteer
← LOUISIANA ART & SCIENCE MUSEUM INC

Form 990 for tax year 2023

Filed by LOUISIANA ART & SCIENCE MUSEUM INC.

Totals

Total revenue
$2,822,318
Total expenses
$2,302,683
Contributions and grants received
$1,694,031
Grants paid
$0
Program service revenue
$533,242
Investment income
$172,026
Other revenue
$423,019
Total assets, end of year
$6,768,156
Total liabilities, end of year
$135,262
Net assets or fund balances, end of year
$6,632,894
Program services expenses (Part IX)
$2,035,610
Management and general expenses
$164,602
Fundraising expenses
$102,471
Program service expenses (Part III)
$2,035,610

Program services were 88.4% 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

    $9,481

  • 1e · Government grants (contributions)

    $1,376,113

  • 1f · All other contributions, gifts and grants

    $308,437

  • 2a · Program service revenue: ADMISSIONS & PROGRAMS

    total $381,074 · related or exempt $381,074

  • 2b · Program service revenue: MEMBERSHIPS

    total $66,466 · related or exempt $66,466

  • 2c · Program service revenue: SPECIAL PROJECT INCOME

    total $45,694 · related or exempt $45,694

  • 2d · Program service revenue: WORKSHOPS & SEMINARS

    total $29,612 · related or exempt $29,612

  • 2e · Program service revenue: EARNED INCOME:PUBLIC PROGRAMS

    total $10,396 · related or exempt $10,396

  • 3 · Investment income

    total $124,227 · excluded $124,227

  • 6a · Gross rents

    real property $35,518

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $35,518

  • 6d · Net rental income or loss

    total $35,518 · excluded $35,518

  • 7a · Gross sales of assets other than inventory

    securities $1,345,003

  • 7b · Less cost or other basis and sales expenses

    securities $1,297,204

  • 7c · Gain or loss

    securities $47,799

  • 7d · Net gain or loss

    total $47,799 · excluded $47,799

  • 8a · Fundraising events: gross income

    $347,732

  • 8a · Fundraising events: contributions included on line 1c

    $9,481

  • 8b · Fundraising events: direct expenses

    $83,360

  • 8c · Net income from fundraising events

    total $264,372 · excluded $264,372

  • 10a · Gross sales of inventory

    $159,204

  • 10b · Cost of goods sold

    $75,792

  • 10c · Net income from sales of inventory

    total $83,412 · related or exempt $83,412

  • 11a · Other revenue: BIRTHDAY PARTIES

    total $39,717 · related or exempt $39,717

  • 11e · Other revenue, total

    $39,717

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $186,547 · program services $169,124 · management and general $9,234 · fundraising $8,189

  • 7 · Other salaries and wages

    total $1,122,197 · program services $1,057,224 · management and general $51,007 · fundraising $13,966

  • 8 · Pension plan contributions

    total $12,136 · program services $11,471 · management and general $548 · fundraising $117

  • 9 · Other employee benefits

    total $44,919 · program services $42,343 · management and general $2,039 · fundraising $537

  • 10 · Payroll taxes

    total $92,789 · program services $86,971 · management and general $4,268 · fundraising $1,550

  • 11b · Fees: legal

    total $32,275 · program services $23,251 · management and general $4,606 · fundraising $4,418

  • 11c · Fees: accounting

    total $17,650 · program services $9,674 · management and general $6,936 · fundraising $1,040

  • 11f · Fees: investment management

    total $49,109 · management and general $49,109

  • 11g · Fees: other

    total $32,603 · program services $30,559 · management and general $1,500 · fundraising $544

  • 12 · Advertising and promotion

    total $14,320 · program services $8,976 · management and general $292 · fundraising $5,052

  • 13 · Office expenses

    total $18,833 · program services $13,546 · management and general $2,676 · fundraising $2,611

  • 14 · Information technology

    total $66,931 · program services $63,190 · management and general $2,744 · fundraising $997

  • 16 · Occupancy

    total $260,630 · program services $246,061 · management and general $10,686 · fundraising $3,883

  • 17 · Travel

    total $5,296 · program services $3,815 · management and general $756 · fundraising $725

  • 22 · Depreciation, depletion and amortization

    total $143,328 · program services $143,328

  • 23 · Insurance

    total $21,363 · program services $14,954 · management and general $4,700 · fundraising $1,709

  • 24a · Other expenses: MARKETING/PUBLIC RELATI

    total $57,423 · program services $6,601 · management and general $2,778 · fundraising $48,044

  • 24b · Other expenses: EXHIBIT & FILM RENTAL

    total $30,497 · program services $30,497

  • 24c · Other expenses: PRODUCTION & OTHER SUPP

    total $25,776 · program services $25,085 · management and general $507 · fundraising $184

  • 24d · Other expenses: PRINTING

    total $15,397 · program services $9,651 · management and general $314 · fundraising $5,432

  • 24e · All other expenses

    total $52,664 · program services $39,289 · management and general $9,902 · fundraising $3,473

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500,482 · end of year $430,702

  • 2 · Savings and temporary cash investments

    beginning of year $15,519 · end of year $15,522

  • 4 · Accounts receivable

    beginning of year $110,028 · end of year $209,666

  • 8 · Inventories for sale or use

    beginning of year $27,681 · end of year $32,816

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,287 · end of year $29,581

  • 10a · Land, buildings and equipment: cost or other basis

    $3,450,668

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,468,244

  • 10c · Land, buildings and equipment, net

    beginning of year $430,835 · end of year $982,424

  • 11 · Investments: publicly traded securities

    beginning of year $4,055,990 · end of year $4,389,557

  • 15 · Other assets

    beginning of year $650,443 · end of year $677,888

  • 17 · Accounts payable and accrued expenses

    beginning of year $143,861 · end of year $135,262

  • 19 · Deferred revenue

    beginning of year $81,667 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,311,527 · end of year $2,109,179

  • 28 · Net assets with donor restrictions

    beginning of year $4,266,210 · end of year $4,523,715

Mission and programs · 2023

Mission

LOUISIANA ART & SCIENCE MUSEUM SEEKS TO ENHANCE THE UNDERSTANDING AND APPRECIATION OF ART AND SCIENCE FOR GENERAL AUDIENCES AND STUDENTS BY PRESENTING UNIQUE, EDUCATIONAL AND ENTERTAINING PROGRAMMING THAT ENCOURAGES DISCOVERY, INSPIRES CREATIVITY AND FOSTERS THE PURSUIT OF KNOWLEDGE.

Activities or mission (Part I)

THE MUSEUM SEEKS TO ENHANCE THE UNDERSTANDING AND APPRECIATION OF ART AND SCIENCE.

  • MUSEUM - ART MUSEUM DISPLAYS PAINTINGS, SCULPTURES & PHOTOGRAPHICS.

    Expenses $1,434,899 · Revenue $462,675

  • PLANETARIUM FACILITY PROVIDES EXHIBITS, FILMS AND OTHER SCIENTIFIC EDUCATIONAL PROGRAMMING.

    Expenses $347,493 · Revenue $112,047

  • DISCOVERY DEPOT & SCIENCE STATION AMONG THE NUMEROUS SPECIAL EXHIBITS WITHIN THE MUSEUM PROVIDE SPECIALIZED EDUCATIONAL OPPORTUNITIES.

    Expenses $253,218 · Revenue $81,649

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sarah Allen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Noah Boudreaux

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Drew Tessier

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Canfield

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Paula Davis

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • Eric Dexter

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • Melissa Dotson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Scott Gaudin

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • Tyler Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Sarah Haneline

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Joshua Hollins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Louis Jeansonne IV

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ty Bromell

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Heather Leblanc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kristy McKearn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Erin Nugent

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Julio Perez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mendi Robinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Seth Schilling

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • Dr Melissa Thompson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Alex Tucker

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James Usher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lauren Whatley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Daryl Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Parker Kilgore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Serena Pandos

    FORMER PRESIDENT/CEO

    Total calculated
    $186,548
    From this org
    $175,538
    From related orgs
    $0
    Other
    $11,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,538
    Bonus
    $0
    Other
    $0
    Deferred
    $3,139
    Nontaxable benefits
    $7,871
    Filer's total
    $186,548

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 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2023
Filed
26 November 2024
IRS schema version
2023v5.1
Source object
202443319349300424

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