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Nonprofiteer
← EDVENTURE INC

Form 990 for tax year 2022

Filed by EDVENTURE INC.

Totals

Total revenue
$3,747,964
Total expenses
$3,885,970
Contributions and grants received
$1,855,459
Grants paid
$0
Program service revenue
$1,617,967
Investment income
$15,449
Other revenue
$259,089
Total assets, end of year
$7,871,472
Total liabilities, end of year
$1,378,874
Net assets or fund balances, end of year
$6,492,598
Program services expenses (Part IX)
$3,380,792
Management and general expenses
$272,018
Fundraising expenses
$233,160
Program service expenses (Part III)
$3,380,792

Program services were 87.0% 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.

  • 1b · Membership dues

    $311,346

  • 1e · Government grants (contributions)

    $1,362,019

  • 1f · All other contributions, gifts and grants

    $182,094

  • 2a · Program service revenue: ADMISSIONS

    total $1,310,539 · related or exempt $1,310,539

  • 2b · Program service revenue: PROGRAM REVENUE

    total $230,847 · related or exempt $230,847

  • 2c · Program service revenue: OTHER EVENTS

    total $76,581 · related or exempt $76,581

  • 3 · Investment income

    total $15,970 · excluded $15,970

  • 6a · Gross rents

    real property $67,457

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $67,457

  • 6d · Net rental income or loss

    total $67,457 · related or exempt $67,457

  • 7a · Gross sales of assets other than inventory

    other assets $24,000

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

    other assets $24,521

  • 7c · Gain or loss

    other assets -$521

  • 7d · Net gain or loss

    total -$521 · excluded -$521

  • 10a · Gross sales of inventory

    $314,276

  • 10b · Cost of goods sold

    $135,262

  • 10c · Net income from sales of inventory

    total $179,014 · excluded $179,014

  • 11a · Other revenue: MISCELLANEOUS

    total $12,618 · related or exempt $12,618

  • 11e · Other revenue, total

    $12,618

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $266,039 · program services $231,454 · management and general $18,623 · fundraising $15,962

  • 7 · Other salaries and wages

    total $1,218,247 · program services $1,059,875 · management and general $85,277 · fundraising $73,095

  • 9 · Other employee benefits

    total $142,628 · program services $124,086 · management and general $9,984 · fundraising $8,558

  • 10 · Payroll taxes

    total $111,078 · program services $96,638 · management and general $7,775 · fundraising $6,665

  • 11b · Fees: legal

    total $2,063 · program services $1,795 · management and general $144 · fundraising $124

  • 11c · Fees: accounting

    total $18,225 · program services $15,855 · management and general $1,276 · fundraising $1,094

  • 11g · Fees: other

    total $37,536 · program services $32,656 · management and general $2,627 · fundraising $2,253

  • 12 · Advertising and promotion

    total $215,066 · program services $187,107 · management and general $15,055 · fundraising $12,904

  • 13 · Office expenses

    total $98,152 · program services $85,392 · management and general $6,871 · fundraising $5,889

  • 14 · Information technology

    total $87,984 · program services $76,546 · management and general $6,159 · fundraising $5,279

  • 16 · Occupancy

    total $759,197 · program services $660,501 · management and general $53,144 · fundraising $45,552

  • 17 · Travel

    total $21,856 · program services $19,015 · management and general $1,530 · fundraising $1,311

  • 19 · Conferences, conventions and meetings

    total $7,921 · program services $6,892 · management and general $554 · fundraising $475

  • 20 · Interest

    total $19,842 · program services $17,262 · management and general $1,389 · fundraising $1,191

  • 22 · Depreciation, depletion and amortization

    total $530,368 · program services $461,420 · management and general $37,126 · fundraising $31,822

  • 23 · Insurance

    total $64,486 · program services $56,103 · management and general $4,514 · fundraising $3,869

  • 24a · Other expenses: EDUCATIONAL AND VISITOR

    total $119,937 · program services $104,345 · management and general $8,396 · fundraising $7,196

  • 24b · Other expenses: CONTRACT SERVICES

    total $52,200 · program services $45,414 · management and general $3,654 · fundraising $3,132

  • 24c · Other expenses: EXHIBITS

    total $40,628 · program services $35,346 · management and general $2,844 · fundraising $2,438

  • 24d · Other expenses: EVENTS

    total $40,274 · program services $35,039 · management and general $2,819 · fundraising $2,416

  • 24e · All other expenses

    total $32,243 · program services $28,051 · management and general $2,257 · fundraising $1,935

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,004,330 · end of year $1,093,348

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $902,346

  • 3 · Pledges and grants receivable

    beginning of year $2,822,641 · end of year $2,403,739

  • 4 · Accounts receivable

    beginning of year $915,310 · end of year $30,432

  • 8 · Inventories for sale or use

    beginning of year $12,432 · end of year $17,288

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,237 · end of year $11,957

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

    $14,380,978

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

    $11,482,625

  • 10c · Land, buildings and equipment, net

    beginning of year $2,335,032 · end of year $2,898,353

  • 15 · Other assets

    beginning of year $236,161 · end of year $514,009

  • 17 · Accounts payable and accrued expenses

    beginning of year $150,387 · end of year $138,115

  • 19 · Deferred revenue

    beginning of year $241,502 · end of year $291,843

  • 23 · Secured mortgages and notes payable

    beginning of year $300,000 · end of year $300,000

  • 24 · Unsecured notes and loans payable

    beginning of year $198,965 · end of year $144,696

  • 25 · Other liabilities

    beginning of year $255,117 · end of year $504,220

  • 27 · Net assets without donor restrictions

    beginning of year $3,192,774 · end of year $3,974,681

  • 28 · Net assets with donor restrictions

    beginning of year $2,995,398 · end of year $2,517,917

Mission and programs · 2022

Mission

EDVENTURE INSPIRES CHILDREN, YOUTH, AND THE ADULTS WHO CARE ABOUT THEM TO EXPERIENCE THE JOY OF LEARNING.

  • EDVENTURE IS A CHILDREN'S MUSEUM WITH THREE LOCATIONS IN SC (COLUMBIA, MYRTLE BEACH AND HARTSVILLE), WELCOMING OVER 256,000 VISITORS THIS PAST YEAR. THE MUSEUM'S ENRICHING EDUCATIONAL PROGRAMS AND EXHIBITS ENGAGE VISITORS THROUGH INFORMAL LEARNING, BLENDING LITERACY, STEAM EDUCATION, HEALTH NUTRITION AND WELLNESS, AND CAREER AWARENESS. BY FOCUSING ON THESE AREAS EDVENTURE ANNUALLY PROVIDES OVER 1,000 FREE BOOKS TO UNDERSERVED HOUSEHOLDS THROUGH ITS CHILDREN'S BOOK BANK, OVER 2,230 FREE SUMMER MEALS TO BRIDGE THE SUMMER NUTRITION GAP, MORE THAN 8,000 CHILDREN WITH HEALTH AND DENTAL PROGRAMMING/SCREENINGS, OVER 80,000 STEAM EDUCATION PROGRAMS AND NEARLY 60 TEENS WITH WORKFORCE DEVELOPMENT. THROUGH PROGRAMS SUCH AS YES! EVERY CHILD, 25% OF EDVENTURE'S GUESTS ATTEND FOR FREE OR WITH A REDUCED ADMISSION.WHEN SCHOOL IS NOT IN SESSION, EDVENTURE FOCUSES ON ADDRESSING THE "SUMMER LEARNING SLIDE" THROUGH ITS SUMMER CAMP PROGRAMS. ANNUALLY, EDVENTURE SUMMER CAMPS PROVIDES MORE THAN 1,500 STUDENTS WITH ACADEMIC AND NUTRITIONAL SUPPORT FOR FULL DAYS WHEN SCHOOLS ARE NOT IN SESSION. THROUGH A VARIETY OF STEAM-BASED CAMP OPTIONS, CHILDREN EXPERIENCE A FUN, HANDS-ON LEARNING ENVIRONMENT THAT HELPS THEM STAY AHEAD OF THE SUMMER LEARNING SLIDE AND BE MORE PREPARED FOR WHEN SCHOOL IS BACK IN SESSION. EDVENTURE IS A CRITICAL LEARNING RESOURCE FOR STUDENTS AND FAMILIES ACROSS THE ENTIRE STATE OF SOUTH CAROLINA.

    Expenses $3,380,792 · Revenue $1,698,042

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

Listed in Part VII

  • Dwayne Porter

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jamelle Ellis

    VP GOVERNANCE

    Total calculated
    $0
    Hours/week
    1

  • Bradley Anderson

    VP EXTERNAL AFFAIRS

    Total calculated
    $0
    Hours/week
    1

  • John Sumbera IV

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Amy Alimohamed

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Alissa Richmond Armstrong

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Willie Calloway

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrea Couch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Angela Houlemard-Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Harold Reaves

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bob Ruff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robyn Watson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sue Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andy Marquart

    PRESIDENT & CEO

    Total calculated
    $81,692
    From this org
    $79,427
    From related orgs
    $0
    Other
    $2,265
    Hours/week
    40

  • Fred Mutz

    DEPUTY DIRECTOR & CFO

    Total calculated
    $86,415
    From this org
    $79,770
    From related orgs
    $0
    Other
    $6,645
    Hours/week
    40

  • Lisa Hailey

    PRESIDENT & CEO

    Total calculated
    $2,321
    From this org
    $2,321
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
1 March 2024
IRS schema version
2022v5.0
Source object
202410619349300226

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