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← MUSEUM OF INNOVATION AND SCIENCE

Form 990 for tax year 2022

Filed by MUSEUM OF INNOVATION AND SCIENCE.

Totals

Total revenue
$1,313,107
Total expenses
$1,701,603
Contributions and grants received
$806,656
Grants paid
$0
Program service revenue
$493,626
Investment income
$30,485
Other revenue
-$17,660
Total assets, end of year
$4,530,476
Total liabilities, end of year
$190,579
Net assets or fund balances, end of year
$4,339,897
Program services expenses (Part IX)
$937,860
Management and general expenses
$662,152
Fundraising expenses
$101,591
Program service expenses (Part III)
$937,860

Program services were 55.1% 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.

  • 1b · Membership dues

    $53,613

  • 1c · Fundraising events

    $50,799

  • 1d · Related organizations

    $171,922

  • 1e · Government grants (contributions)

    $313,157

  • 1f · All other contributions, gifts and grants

    $217,165

  • 2a · Program service revenue: PROGRAMS AND ARCHIVES

    total $355,147 · related or exempt $355,147

  • 2b · Program service revenue: ADMISSIONS

    total $138,479 · related or exempt $138,479

  • 3 · Investment income

    total $30,485 · excluded $30,485

  • 6a · Gross rents

    real property $43,017

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $43,017

  • 6d · Net rental income or loss

    total $43,017 · excluded $43,017

  • 8a · Fundraising events: gross income

    $0

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

    $50,799

  • 8b · Fundraising events: direct expenses

    $66,264

  • 8c · Net income from fundraising events

    total -$66,264 · excluded -$66,264

  • 10a · Gross sales of inventory

    $31,523

  • 10b · Cost of goods sold

    $25,936

  • 10c · Net income from sales of inventory

    total $5,587 · related or exempt $5,587

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $114,070 · program services $85,553 · management and general $17,110 · fundraising $11,407

  • 7 · Other salaries and wages

    total $683,453 · program services $506,438 · management and general $109,490 · fundraising $67,525

  • 9 · Other employee benefits

    total $62,730 · program services $47,047 · management and general $9,410 · fundraising $6,273

  • 10 · Payroll taxes

    total $66,061 · program services $49,546 · management and general $9,909 · fundraising $6,606

  • 11a · Fees: management

    total $22,104 · management and general $22,104

  • 11c · Fees: accounting

    total $84,522 · management and general $84,522

  • 11f · Fees: investment management

    total $16,523 · management and general $16,523

  • 11g · Fees: other

    total $63,414 · management and general $63,414

  • 12 · Advertising and promotion

    total $30,858 · program services $23,142 · fundraising $7,716

  • 14 · Information technology

    total $31,531 · management and general $31,531

  • 16 · Occupancy

    total $89,061 · program services $30,955 · management and general $56,042 · fundraising $2,064

  • 19 · Conferences, conventions and meetings

    total $1,160 · management and general $1,160

  • 22 · Depreciation, depletion and amortization

    total $118,174 · program services $11,817 · management and general $106,357

  • 23 · Insurance

    total $48,829 · management and general $48,829

  • 24a · Other expenses: PROGRAM SERVICE EXHIBIT

    total $152,435 · program services $152,435

  • 24b · Other expenses: IMPAIRMENT LOSS ON PROP

    total $70,800 · management and general $70,800

  • 24c · Other expenses: PROGRAM SERVICES EDUCAT

    total $30,927 · program services $30,927

  • 24d · Other expenses: SUPPLIES

    total $13,832 · management and general $13,832

  • 24e · All other expenses

    total $1,119 · management and general $1,119

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,006,212 · end of year $389,336

  • 4 · Accounts receivable

    beginning of year $42,266 · end of year $46,722

  • 8 · Inventories for sale or use

    beginning of year $4,774 · end of year $8,567

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,489 · end of year $155,561

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

    $4,452,597

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

    $2,510,657

  • 10c · Land, buildings and equipment, net

    beginning of year $2,117,588 · end of year $1,941,940

  • 11 · Investments: publicly traded securities

    beginning of year $1,735,143 · end of year $1,988,349

  • 15 · Other assets

    beginning of year $1 · end of year $1

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,999 · end of year $56,533

  • 19 · Deferred revenue

    beginning of year $410,513 · end of year $134,046

  • 27 · Net assets without donor restrictions

    beginning of year $3,051,692 · end of year $1,752,177

  • 28 · Net assets with donor restrictions

    beginning of year $1,437,269 · end of year $2,587,720

Mission and programs · 2022

Mission

TO INSPIRE A SENSE OF WONDER ABOUT EXTRAORDINARY SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENTS: PAST, PRESENT AND FUTURE.THE MUSEUM FULFILLS THIS MISSION BY PRESERVING AND INTERPRETING THE HISTORY OF TECHNOLOGICAL CHANGE AND ITS IMPACT ON SOCIETY AND CULTURE BEGININNING IN THE 19TH CENTURY. WE EXPLORE THE CREATIVE PROCESS AND HUMAN SPIRIT THAT INSPIRES DISCOVERY AND INVENTION, AND IMAGINE WHAT IS YET TO BE.

Activities or mission (Part I)

TO MAINTAIN A SCIENCE AND TECHNOLOGY MUSEUM WHERE ALL OF OUR EXHIBITS, PROGRAMS, AND EVENTS ARE DESIGNED WITH OUR MISSION IN MIND: TO INSPIRE A SENSE OF WONDER ABOUT EXTRAORDINARY SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENTS: PAST, PRESENT, AND FUTURE.

  • MUSEUM PROGRAMS INCLUDE A PLANETARIUM; EDUCATION PROGRAMS INCLUDING GUIDED TOURS AND CONTINUING PROGRAMS FOR ADULTS AND YOUNG PEOPLE; MUSEUM DEVOTED TO THE SUBJECTS OF SCIENCE, INDUSTRY, TECHNOLOGY AND HISTORY.

    Expenses $937,860 · Revenue $499,213

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

Listed in Part VII

  • NEIL GOLUB

    CHAIR

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • MICHELLE BENNETT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • PAUL HOUPT PHD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • WILLIAM FAUBION

    TREASURER

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • MARSHALL G JONES PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • BRADLEY G LEWIS PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • ROBERT SCHWARTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • ALAN EVANS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • TODD ALHART

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • JOE SALINETTI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • TERRA JOY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • WILLIAM SWEET

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • CAMEO ROWE JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • GINA GOULD

    PRESIDENT

    Total calculated
    $114,070
    From this org
    $105,868
    From related orgs
    $0
    Other
    $8,202
    Hours/week
    40 + 1 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
16 February 2024
IRS schema version
2022v5.0
Source object
202400519349301100

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