Skip to content
Nonprofiteer
← PUTNAM MUSEUM AND SCIENCE CENTER

Form 990 for tax year 2023

Filed by PUTNAM MUSEUM AND SCIENCE CENTER.

Totals

Total revenue
$3,055,042
Total expenses
$3,375,014
Contributions and grants received
$2,397,576
Grants paid
$0
Program service revenue
$513,422
Investment income
$36,878
Other revenue
$107,166
Total assets, end of year
$12,035,951
Total liabilities, end of year
$710,474
Net assets or fund balances, end of year
$11,325,477
Program services expenses (Part IX)
$2,235,382
Management and general expenses
$920,585
Fundraising expenses
$219,047
Program service expenses (Part III)
$2,235,382

Program services were 66.2% 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

    $96,054

  • 1c · Fundraising events

    $66,040

  • 1f · All other contributions, gifts and grants

    $2,235,482

  • 1g · Noncash contributions included above

    $16,653

  • 2a · Program service revenue: EXHIBITS & EDUCATION

    total $336,375 · related or exempt $336,375

  • 2b · Program service revenue: GIANT SCREEN THEATER

    total $91,181 · related or exempt $91,181

  • 2c · Program service revenue: SPECIAL EVENTS

    total $58,422 · related or exempt $58,422

  • 2d · Program service revenue: VISITOR SERVICES

    total $27,444 · related or exempt $27,444

  • 3 · Investment income

    total $23,886 · excluded $23,886

  • 6a · Gross rents

    real property $38,611

  • 6b · Less rental expenses

    real property $26,645

  • 6c · Rental income or loss

    real property $11,966

  • 6d · Net rental income or loss

    total $11,966 · unrelated business $11,966

  • 7a · Gross sales of assets other than inventory

    securities $45,925

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

    securities $32,933

  • 7c · Gain or loss

    securities $12,992

  • 7d · Net gain or loss

    total $12,992 · related or exempt $12,992

  • 8a · Fundraising events: gross income

    $31,952

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

    $66,040

  • 8b · Fundraising events: direct expenses

    $14,391

  • 8c · Net income from fundraising events

    total $17,561

  • 10a · Gross sales of inventory

    $173,491

  • 10b · Cost of goods sold

    $86,788

  • 10c · Net income from sales of inventory

    total $86,703 · unrelated business $28,521 · excluded $58,182

  • 11a · Other revenue: OTHER REVENUE

    total -$9,064 · excluded -$9,064

  • 11e · Other revenue, total

    -$9,064

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $245,623 · program services $75,000 · management and general $91,494 · fundraising $79,129

  • 6 · Compensation of disqualified persons

    total $163,412 · management and general $127,305 · fundraising $36,107

  • 7 · Other salaries and wages

    total $969,476 · program services $614,627 · management and general $315,097 · fundraising $39,752

  • 9 · Other employee benefits

    total $86,318 · program services $47,032 · management and general $30,783 · fundraising $8,503

  • 10 · Payroll taxes

    total $101,009 · program services $52,000 · management and general $37,423 · fundraising $11,586

  • 11b · Fees: legal

    total $5,014 · management and general $5,014

  • 11c · Fees: accounting

    total $18,100 · management and general $18,100

  • 11g · Fees: other

    total $8,285 · management and general $8,285

  • 12 · Advertising and promotion

    total $47,574 · program services $41,200 · management and general $6,374

  • 13 · Office expenses

    total $49,019 · program services $21,455 · management and general $26,945 · fundraising $619

  • 16 · Occupancy

    total $487,980 · program services $446,850 · management and general $41,130

  • 20 · Interest

    total $3,301 · program services $3,301

  • 22 · Depreciation, depletion and amortization

    total $592,324 · program services $555,600 · management and general $36,724

  • 24a · Other expenses: COMPUTER OPERATIONS

    total $159,416 · program services $92,914 · management and general $57,211 · fundraising $9,291

  • 24b · Other expenses: EXHIBITS & EDUCATIONAL

    total $146,172 · program services $146,172

  • 24c · Other expenses: OTHER EXPENSES

    total $108,262 · program services $24,799 · management and general $83,309 · fundraising $154

  • 24d · Other expenses: FILM FEES

    total $49,420 · program services $49,420

  • 24e · All other expenses

    total $134,309 · program services $65,012 · management and general $35,391 · fundraising $33,906

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,500 · end of year $4,500

  • 2 · Savings and temporary cash investments

    beginning of year $2,439,513 · end of year $1,752,190

  • 3 · Pledges and grants receivable

    beginning of year $1,211,700 · end of year $1,070,302

  • 8 · Inventories for sale or use

    beginning of year $52,384 · end of year $64,067

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,087 · end of year $63,175

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

    $24,756,986

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

    $16,624,897

  • 10c · Land, buildings and equipment, net

    beginning of year $7,782,133 · end of year $8,132,089

  • 11 · Investments: publicly traded securities

    beginning of year $479,571 · end of year $543,900

  • 12 · Investments: other securities

    beginning of year $392,224 · end of year $405,728

  • 17 · Accounts payable and accrued expenses

    beginning of year $248,227 · end of year $206,902

  • 19 · Deferred revenue

    beginning of year $321,331 · end of year $361,850

  • 23 · Secured mortgages and notes payable

    beginning of year $141,722 · end of year $41,722

  • 25 · Other liabilities

    beginning of year $100,000 · end of year $100,000

  • 27 · Net assets without donor restrictions

    beginning of year $8,393,652 · end of year $8,526,172

  • 28 · Net assets with donor restrictions

    beginning of year $3,222,180 · end of year $2,799,305

Mission and programs · 2023

Mission

THE PUTNAM EXISTS TO: PRESERVE OUR REGION'S TREASURES - TO CARE FOR AND UTILIZE THEM TO ILLUMINATE OUR HUMAN AND NATURAL HISTORY, AND TO EVOKE THE MEMORIES AND STORIES THE ARTIFACTS AND SPECIMENS TELL. EDUCATE PEOPLE OF ALL AGES IN IMMERSIVE AND LASTING WAYS WITH COMBINED "HANDS-ON, MINDS ON" EXPERIENCES THAT ONLY THE PUTNAM CAN PROVIDE. CONNECT PEOPLE TO EACH OTHER AND TO THE HISTORY AND SCIENCE THAT SHAPE THE CULTURES AND ENVIRONMENTS OF THE EARTH.

  • GIANT SCREEN THEATER: THE PUTNAM'S GIANT SCREEN THEATER OFFERS EDUCATIONAL AND TOPICAL FILMS AND PRESENTATIONS. EXAMPLES INCLUDE INTO AMERICA'S WILD, SUPERPOWER DOGS, BACK FROM THE BRINK, VOLCANOES 3D, OCEANS: OUR BLUE PLANET 3D, AND WILD AFRICA 3D. THE FILMS AND PRESENTATIONS ALLOW VIEWERS TO SEE NATURE IN ALL ITS GLORY, TO LEARN ABOUT HISTORY AND OTHER CULTURES, AND TO TRAVEL TO ALL PARTS OF THE WORLD. IN AN ERA WHEN ENVIRONMENTAL AWARENESS IS PART OF THE DAILY CONVERSATION AND GLOBAL CULTURES ARE INCREASINGLY INTERACTING VIA TECHNOLOGY, FILMS THAT ENLIGHTEN AND EDUCATE THE PUBLIC ABOUT A VARIETY OF ENVIRONMENTS AND CULTURES ARE SIGNIFICANT TO OUR ABILITY TO CO-EXIST PRODUCTIVELY.

    Expenses $304,435 · Revenue $91,181

  • EXHIBITS AND EDUCATION: THE MUSEUM OFFERS PERMANENT AND CHANGING INTERACTIVE, IMPRESSIVE EXHIBITS, A HANDS-ON SCIENCE CENTER, AND EDUCATIONAL PROGRAMS RELATED TO HISTORY, CULTURES, AND SCIENCE. EXAMPLES INCLUDE ANNE FRANK EXHIBIT, JUNKRAFT, POLLINATORS AND KEVA PLANKS EXHIBITS, AN INNOVATION CENTER WITH FABRICATION LAB, CODING CLASSES, OCEAN EXPERIENCE, ANCIENT EGYPT AND OUR REGION AND THE CIVIL WAR. INTERACTION WITH ACTUAL ARTIFACTS AND EDUCATORS IN "CHARACTER" PROVIDE DYNAMIC LEARNING EXPERIENCES AND REAL CONNECTIONS THAT CANNOT BE OBTAINED FROM TEXTBOOKS OR THE INTERNET. THESE EXPERIENCES STIMULATE THE DESIRE FOR MORE KNOWLEDGE AND EXPLORATION.

    Expenses $882,682 · Revenue $336,375

  • VISITOR SERVICES: BETWEEN THE GIANT SCREEN THEATER, EXHIBITS, AND EDUCATIONAL PROGRAMS, THE MUSEUM HOSTED MORE THAN 85,000 PEOPLE THIS YEAR. CUSTOMER SERVICE STAFF AND AMENITIES LOCATED IN THE MUSEUM'S GRAND LOBBY SPACE SUPPORT AND ENHANCE THE OVERALL VISITOR EXPERIENCE.

    Expenses $687,092 · Revenue $27,444

  • COLLECTIONS AND CURATORIAL SERVICES: AN IMPORTANT PART OF THE MUSEUM'S MISSIONS IS PRESERVING THE COMMUNITY'S HISTORY. THE MUSEUM HOUSES APPROXIMATELY 170,000 CATALOGED ITEMS IN ITS PERMANENT COLLECTION. THESE ITEMS ARE EXPERTLY CARED FOR, ARE AVAILABLE FOR RESEARCH PURPOSES, AND MANY BECOME PART OF PERMANENT AND TEMPORARY EXHIBITS OR ARE USED TO ENHANCE EDUCATIONAL PROGRAMS. MEMBERSHIP SERVICES: THE MUSEUM HAS APPROXIMATELY 1,348 MEMBERSHIPS RANGING FROM INDIVIDUALS TO FAMILIES AND BUSINESSES. THESE MEMBERSHIPS ENCOMPASS MORE THAN 4,500 PEOPLE. MEMBERS ENJOY SPECIAL BENEFITS SUCH AS THE FIRST GLIMPSE OF A NEW FILM OR EXHIBIT.

    Expenses $361,173 · Revenue $58,422

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

Listed in Part VII

  • Rachael Mullins

    PRESIDENT/CE

    Total calculated
    $178,712
    From this org
    $150,782
    From related orgs
    $0
    Other
    $27,930
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $150,782
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,343
    Nontaxable benefits
    $4,587
    Filer's total
    $178,712

  • Drue Curry

    VP OPERATION

    Total calculated
    $99,723
    From this org
    $90,574
    From related orgs
    $0
    Other
    $9,149
    Hours/week
    37.5

  • Betsy Turner

    VP STRATEGIC

    Total calculated
    $80,789
    From this org
    $78,019
    From related orgs
    $0
    Other
    $2,770
    Hours/week
    37.5

  • Kelly M Lao

    VP MUSEUM EX

    Total calculated
    $75,923
    From this org
    $75,000
    From related orgs
    $0
    Other
    $923
    Hours/week
    37.5

  • Jade Burkholder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard A Clewell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Amanda Crowell

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Heather Dunn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Gordon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Victoria Graves

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kelli Jacque Grubbs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tim Hanely

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gale Hoff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David A Johnston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joe Judge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank J Klipsch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brad Martell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Matson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ben Palmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Parades

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Poster

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Reyes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Malavika Shrikhande

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kerry Smith

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Torri Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dana Wilkinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cindy Diehl Yang

    CEO

    Total calculated
    $0
    Hours/week
    37.5

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 · Compensation committee
  • 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.

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
2023
Filed
4 February 2025
IRS schema version
2023v6.0
Source object
202540369349300244

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.