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← PEROT MUSEUM OF NATURE AND SCIENCE

Form 990 for tax year 2022

Filed by PEROT MUSEUM OF NATURE AND SCIENCE.

Totals

Total revenue
$29,850,477
Total expenses
$27,330,666
Contributions and grants received
$13,749,352
Grants paid
$0
Program service revenue
$14,836,060
Investment income
$1,180,774
Other revenue
$84,291
Total assets, end of year
$188,766,474
Total liabilities, end of year
$10,515,855
Net assets or fund balances, end of year
$178,250,619
Program services expenses (Part IX)
$21,139,087
Management and general expenses
$4,153,628
Fundraising expenses
$2,037,951
Program service expenses (Part III)
$21,139,087

Program services were 77.3% 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

    $2,423,287

  • 1c · Fundraising events

    $2,184,472

  • 1e · Government grants (contributions)

    $2,108,649

  • 1f · All other contributions, gifts and grants

    $7,032,944

  • 1g · Noncash contributions included above

    $5,508,525

  • 2a · Program service revenue: ADMISSION FEES - GENER

    total $10,648,298 · related or exempt $10,648,298

  • 2b · Program service revenue: PARKING REVENUE

    total $1,397,833 · related or exempt $1,397,833

  • 2c · Program service revenue: EDUCATION PROGRAMS

    total $1,006,317 · related or exempt $1,006,317

  • 2d · Program service revenue: THEATER ADMISSIONS

    total $845,198 · related or exempt $845,198

  • 2e · Program service revenue: STORE COMMISSIONS

    total $573,201 · related or exempt $573,201

  • 2f · All other program service revenue

    total $365,213 · related or exempt $365,213

  • 3 · Investment income

    total $1,188,993 · excluded $1,188,993

  • 6a · Gross rents

    real property $1,182,171

  • 6b · Less rental expenses

    real property $556,856

  • 6c · Rental income or loss

    real property $625,315

  • 6d · Net rental income or loss

    total $625,315 · excluded $625,315

  • 7a · Gross sales of assets other than inventory

    securities $14,630,395

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

    securities $14,638,614

  • 7c · Gain or loss

    securities -$8,219

  • 7d · Net gain or loss

    total -$8,219 · excluded -$8,219

  • 8a · Fundraising events: gross income

    $327,000

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

    $2,184,472

  • 8b · Fundraising events: direct expenses

    $868,024

  • 8c · Net income from fundraising events

    total -$541,024 · excluded -$541,024

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,122,382 · program services $1,252,431 · management and general $504,832 · fundraising $365,119

  • 7 · Other salaries and wages

    total $6,287,128 · program services $3,900,695 · management and general $1,454,541 · fundraising $931,892

  • 8 · Pension plan contributions

    total $29,182 · program services $19,413 · management and general $4,918 · fundraising $4,851

  • 9 · Other employee benefits

    total $530,547 · program services $364,324 · management and general $117,263 · fundraising $48,960

  • 10 · Payroll taxes

    total $650,372 · program services $451,054 · management and general $105,529 · fundraising $93,789

  • 11a · Fees: management

    total $381,812 · program services $381,812

  • 11b · Fees: legal

    total $40,952 · program services $24,785 · management and general $13,592 · fundraising $2,575

  • 11c · Fees: accounting

    total $210,400 · management and general $210,400

  • 11f · Fees: investment management

    total $99,448 · management and general $99,448

  • 11g · Fees: other

    total $1,299,932 · program services $491,193 · management and general $691,231 · fundraising $117,508

  • 12 · Advertising and promotion

    total $1,125,457 · program services $1,044,829 · management and general $474 · fundraising $80,154

  • 13 · Office expenses

    total $1,311,429 · program services $960,865 · management and general $185,185 · fundraising $165,379

  • 14 · Information technology

    total $1,331,610 · program services $1,224,128 · management and general $106,694 · fundraising $788

  • 15 · Royalties

    total $1,013,136 · program services $1,013,136

  • 16 · Occupancy

    total $3,222,136 · program services $2,951,002 · management and general $256,234 · fundraising $14,900

  • 17 · Travel

    total $161,857 · program services $114,417 · management and general $33,971 · fundraising $13,469

  • 19 · Conferences, conventions and meetings

    total $144,363 · program services $32,971 · management and general $100,918 · fundraising $10,474

  • 22 · Depreciation, depletion and amortization

    total $6,475,644 · program services $6,462,472 · management and general $13,172

  • 23 · Insurance

    total $199,357 · program services $69,774 · management and general $129,583

  • 24a · Other expenses: PROGRAM SERVICES & EQUI

    total $297,370 · program services $217,781 · management and general $1,100 · fundraising $78,489

  • 24b · Other expenses: CATERING & HOSPITALITY

    total $278,842 · program services $101,684 · management and general $67,554 · fundraising $109,604

  • 24c · Other expenses: MISCELLANEOUS

    total $110,942 · program services $60,321 · management and general $50,621

  • 24d · Other expenses: UBIT EXPENSE

    total $6,368 · management and general $6,368

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,663,966 · end of year $9,942,828

  • 2 · Savings and temporary cash investments

    beginning of year $29,324,713 · end of year $32,346,247

  • 3 · Pledges and grants receivable

    beginning of year $1,819,521 · end of year $2,415,066

  • 4 · Accounts receivable

    beginning of year $318,344 · end of year $309,324

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,402,893 · end of year $1,533,887

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

    $187,566,409

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

    $81,549,225

  • 10c · Land, buildings and equipment, net

    beginning of year $110,221,614 · end of year $106,017,184

  • 12 · Investments: other securities

    beginning of year $25,692,934 · end of year $27,800,118

  • 14 · Intangible assets

    end of year $1,092,279

  • 15 · Other assets

    beginning of year $0 · end of year $7,309,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,562,653 · end of year $2,662,348

  • 19 · Deferred revenue

    beginning of year $785,120 · end of year $932,466

  • 24 · Unsecured notes and loans payable

    beginning of year $21,207

  • 25 · Other liabilities

    beginning of year $0 · end of year $6,921,041

  • 27 · Net assets without donor restrictions

    beginning of year $151,100,692 · end of year $157,290,257

  • 28 · Net assets with donor restrictions

    beginning of year $21,974,313 · end of year $20,960,362

Mission and programs · 2022

Mission

TO INSPIRE MINDS THROUGH NATURE AND SCIENCE.

  • OPENING DECEMBER 1, 2012, THE PEROT MUSEUM IS A RESULT OF A SUCCESSFUL $185 MILLION CAPITAL CAMPAIGN TO UNITE THREE INSTITUTIONS (THE DALLAS MUSEUM OF NATURAL HISTORY, THE SCIENCE PLACE AND THE DALLAS CHILDREN'S MUSEUM) INTO ONE INTERACTIVE BUILDING. WITH THE MISSION TO "INSPIRE MINDS THROUGH NATURE AND SCIENCE," THE MUSEUM PROVIDES A WIDE VARIETY OF ACTIVITIES INCLUDING IN-DEPTH PERMANENT EXHIBITS, TRAVELING EXHIBITS, HANDS-ON INTERACTIVES, ONSITE SCHOOL PROGRAMS, SCHOOL OUTREACH PROGRAMS, DISCOVERY CAMPS, FILMS AND WEEKEND ACTIVITIES FOR ADULTS, CHILDREN, AND FAMILIES. DURING FISCAL YEAR 2023, THE MUSEUM SERVED OVER 790,000 VISITORS THROUGH ON-SITE VISITS, INCLUDING 1,319 FIELD TRIPS.

    Expenses $16,169,469 · Revenue $12,626,665

  • THE MUSEUM IS DEDICATED TO INSPIRING CHILDREN TO PURSUE STEM CAREERS BY PROVIDING ENGAGING EDUCATIONAL TOOLS. THE MUSEUM PROVIDES HANDS-ON, LEARNING PROGRAMS FOR SCHOOL CHILDREN THAT SUPPORT THE TEXAS ESSENTIAL KNOWLEDGE AND SKILLS (TEKS) STANDARDS. TO ENSURE ACCESSIBILITY TO PEROT MUSEUM PROGRAMS, PARTICULARLY SCHOOLS SERVING STUDENTS ON FREE OR REDUCED LUNCH, THE MUSEUM PROVIDES FINANCIAL AID WITH FUNDS CONTRIBUTED BY INDIVIDUALS, CORPORATIONS AND FOUNDATIONS FOR THIS PURPOSE. THE MUSEUM'S IN-PERSON EDUCATIONAL PROGRAMS SERVED OVER 224,000 PARTICIPANTS IN FISCAL YEAR 2023 THROUGH ONSITE AND OFFSITE ACTIVITIES.

    Expenses $3,370,960 · Revenue $1,006,317

  • THE PEROT MUSEUM OPENED A NEW COLLECTIONS FACILITY IN MARCH 2020, ALLOWING THE MUSEUM'S COLLECTIONS TO BE CONSOLIDATED INTO ONE, STATE-OF-THE-ART FACILITY. THIS FACILITY PROVIDES AMPLE LAB AND WORK SPACES TO SUPPORT CONTINUED RESEARCH OF THE COLLECTIONS. IN ADDITION, PEROT MUSEUM PARTNERS WITH LOCAL AND REGIONAL ORGANIZATIONS TO CONDUCT FIELD RESEARCH AND FOSSIL PRESERVATION.

    Expenses $1,326,481 · Revenue $357,880

  • THE HOGLUND FOUNDATION THEATER, A NATIONAL GEOGRAPHIC EXPERIENCE, IS A 3D THEATER WHICH PROVIDES VISITORS WITH AN ENGAGING EDUCATIONAL EXPERIENCE. THE MUSEUM FEATURED 5 FILMS IN FISCAL YEAR 2023 WITH ATTENDANCE TOTALING OVER 113,000.

    Expenses $272,177 · Revenue $845,198

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

Listed in Part VII

  • Yasmin Bhatia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Garrett Boone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Carlson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Compton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Gould

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Buchanan Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maria-Cristina Jaramillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Santiago Jorba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Katz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hagop Kozanian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Manoj Kutty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Perot McGee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pamela Okada

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Perot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Royce Ramey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Liz Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meghna Sharma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sachin Schroff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Earl Simpkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Small

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marlene Sughrue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Vaughn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Wade

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelvin Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacob Walter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Abigail Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Corrigan

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Best

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    2

  • William Lane Britain

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Daniel Tobey

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Linda Abraham-Silver

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $508,454
    From this org
    $473,075
    From related orgs
    $0
    Other
    $35,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $362,025
    Bonus
    $111,050
    Other
    $0
    Deferred
    $11,600
    Nontaxable benefits
    $23,779
    Filer's total
    $508,454

  • David Humphries

    CHIEF OPERATING OFFICER

    Total calculated
    $348,948
    From this org
    $298,352
    From related orgs
    $0
    Other
    $50,596
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,982
    Bonus
    $54,050
    Other
    $1,320
    Deferred
    $10,515
    Nontaxable benefits
    $40,081
    Filer's total
    $348,948

  • Katherine Stenesen

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $325,857
    From this org
    $293,927
    From related orgs
    $0
    Other
    $31,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,877
    Bonus
    $52,050
    Other
    $0
    Deferred
    $9,803
    Nontaxable benefits
    $22,127
    Filer's total
    $325,857

  • Anne Woods

    CHIEF FINANCIAL OFFICER

    Total calculated
    $325,735
    From this org
    $295,643
    From related orgs
    $0
    Other
    $30,092
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,643
    Bonus
    $52,000
    Other
    $0
    Deferred
    $9,964
    Nontaxable benefits
    $20,128
    Filer's total
    $325,735

  • Jessica Chavez

    CHIEF LEARNING OFFICER

    Total calculated
    $235,184
    From this org
    $192,431
    From related orgs
    $0
    Other
    $42,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,181
    Bonus
    $36,250
    Other
    $0
    Deferred
    $6,759
    Nontaxable benefits
    $35,994
    Filer's total
    $235,184

  • Lorea Seidel

    CHIEF PEOPLE OFFICER

    Total calculated
    $161,585
    From this org
    $153,608
    From related orgs
    $0
    Other
    $7,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,108
    Bonus
    $19,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,977
    Filer's total
    $161,585

  • Michael Spiewak

    VP OF EXHIBITIONS AND OPERATIONS

    Total calculated
    $196,971
    From this org
    $169,671
    From related orgs
    $0
    Other
    $27,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,831
    Bonus
    $20,850
    Other
    $990
    Deferred
    $6,215
    Nontaxable benefits
    $21,085
    Filer's total
    $196,971

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 · Compensation survey or study
  • 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
THE PEROT MUSEUM OF NATURE AND SCIENCE OFFERS A DISCRETIONARY ANNUAL BONUS TO MUSEUM EXECUTIVE MANAGEMENT STAFF WHO MEET ELIGIBILITY REQUIREMENTS.

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
16 July 2024
IRS schema version
2022v5.0
Source object
202412069349300216

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