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Nonprofiteer
← PUTNAM MUSEUM AND SCIENCE CENTER

Form 990 for tax year 2022

Filed by PUTNAM MUSEUM AND SCIENCE CENTER.

Totals

Total revenue
$3,472,039
Total expenses
$3,143,416
Contributions and grants received
$2,844,079
Grants paid
$0
Program service revenue
$512,905
Investment income
$12,924
Other revenue
$102,131
Total assets, end of year
$12,427,112
Total liabilities, end of year
$811,280
Net assets or fund balances, end of year
$11,615,832
Program services expenses (Part IX)
$1,960,110
Management and general expenses
$965,059
Fundraising expenses
$218,247
Program service expenses (Part III)
$1,960,110

Program services were 62.4% 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.

  • 1b · Membership dues

    $87,735

  • 1f · All other contributions, gifts and grants

    $2,756,344

  • 2a · Program service revenue: EXHIBITS & EDUCATION

    total $372,192 · related or exempt $372,192

  • 2b · Program service revenue: GIANT SCREEN THEATER

    total $92,901 · related or exempt $92,901

  • 2c · Program service revenue: SPECIAL EVENTS

    total $47,812 · related or exempt $47,812

  • 3 · Investment income

    total $15,560 · excluded $15,560

  • 6a · Gross rents

    real property $17,990

  • 6b · Less rental expenses

    real property $20,576

  • 6c · Rental income or loss

    real property -$2,586

  • 6d · Net rental income or loss

    total -$2,586 · unrelated business -$2,586

  • 7a · Gross sales of assets other than inventory

    securities $113,474

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

    securities $116,110

  • 7c · Gain or loss

    securities -$2,636

  • 7d · Net gain or loss

    total -$2,636 · excluded -$2,636

  • 10a · Gross sales of inventory

    $195,142

  • 10b · Cost of goods sold

    $94,412

  • 10c · Net income from sales of inventory

    total $100,730 · unrelated business $5,112 · excluded $95,618

  • 11a · Other revenue: OTHER REVENUE

    total $3,987 · excluded $3,987

  • 11e · Other revenue, total

    $3,987

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $508,256 · program services $114,751 · management and general $263,769 · fundraising $129,736

  • 7 · Other salaries and wages

    total $975,151 · program services $545,890 · management and general $387,625 · fundraising $41,636

  • 9 · Other employee benefits

    total $104,829 · program services $47,303 · management and general $44,907 · fundraising $12,619

  • 10 · Payroll taxes

    total $78,459 · program services $41,543 · management and general $31,189 · fundraising $5,727

  • 11b · Fees: legal

    total $2,705 · management and general $2,705

  • 11c · Fees: accounting

    total $17,975 · management and general $17,975

  • 11g · Fees: other

    total $7,695 · management and general $7,695

  • 12 · Advertising and promotion

    total $30,652 · program services $17,224 · management and general $9,527 · fundraising $3,901

  • 13 · Office expenses

    total $69,469 · program services $47,498 · management and general $21,962 · fundraising $9

  • 16 · Occupancy

    total $359,836 · program services $327,841 · management and general $31,995

  • 20 · Interest

    total $6,008 · program services $6,008

  • 22 · Depreciation, depletion and amortization

    total $544,315 · program services $510,568 · management and general $33,747

  • 24a · Other expenses: COMPUTER OPERATIONS

    total $129,055 · program services $74,697 · management and general $46,888 · fundraising $7,470

  • 24b · Other expenses: EXHIBITS & EDUCATIONAL

    total $116,051 · program services $116,051

  • 24c · Other expenses: FILM FEES

    total $44,161 · program services $44,161

  • 24d · Other expenses: OTHER EXPENSES

    total $43,520 · program services $11,213 · management and general $32,233 · fundraising $74

  • 24e · All other expenses

    total $105,279 · program services $55,362 · management and general $32,842 · fundraising $17,075

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 $2,683,153 · end of year $2,439,513

  • 3 · Pledges and grants receivable

    beginning of year $1,280,224 · end of year $1,211,700

  • 8 · Inventories for sale or use

    beginning of year $50,666 · end of year $52,384

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,536 · end of year $65,087

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

    $23,816,471

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

    $16,034,338

  • 10c · Land, buildings and equipment, net

    beginning of year $7,320,634 · end of year $7,782,133

  • 11 · Investments: publicly traded securities

    beginning of year $456,727 · end of year $479,571

  • 12 · Investments: other securities

    beginning of year $380,226 · end of year $392,224

  • 17 · Accounts payable and accrued expenses

    beginning of year $269,002 · end of year $248,227

  • 19 · Deferred revenue

    beginning of year $419,432 · end of year $321,331

  • 23 · Secured mortgages and notes payable

    beginning of year $191,722 · end of year $141,722

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $7,466,410 · end of year $8,393,652

  • 28 · Net assets with donor restrictions

    beginning of year $3,790,100 · end of year $3,222,180

Mission and programs · 2022

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 $287,239 · Revenue $92,901

  • 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 $712,043 · Revenue $372,192

  • 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 $602,570

  • 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 $358,258 · Revenue $47,812

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

Listed in Part VII

  • RACHAEL MULLINS

    PRESIDENT/CE

    Total calculated
    $166,506
    From this org
    $140,498
    From related orgs
    $0
    Other
    $26,008
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $140,498
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,750
    Nontaxable benefits
    $4,258
    Filer's total
    $166,506

  • DRUE CURRY

    VP OPERATION

    Total calculated
    $98,799
    From this org
    $89,745
    From related orgs
    $0
    Other
    $9,054
    Hours/week
    37.5

  • ELIZABETH M TURNER

    VP OF STRATE

    Total calculated
    $78,421
    From this org
    $75,681
    From related orgs
    $0
    Other
    $2,740
    Hours/week
    37.5

  • SARAH KERN

    VP FINANCE

    Total calculated
    $73,433
    From this org
    $69,918
    From related orgs
    $0
    Other
    $3,515
    Hours/week
    37.5

  • LESLIE KLIPSCH

    VP MARKETING

    Total calculated
    $71,544
    From this org
    $69,125
    From related orgs
    $0
    Other
    $2,419
    Hours/week
    37.5

  • BENJAMIN J JOHNSON

    VP MUSEUM EX

    Total calculated
    $54,942
    From this org
    $49,457
    From related orgs
    $0
    Other
    $5,485
    Hours/week
    37.5

  • KELLY M LAO

    VP MUSEUM EX

    Total calculated
    $15,865
    From this org
    $15,865
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • RICHARD A CLEWELL

    TRUSTEE

    Total calculated
    $0

  • AMANDA CROWELL

    SECRETARY

    Total calculated
    $0

  • DON DOUCETTE

    TRUSTEE

    Total calculated
    $0

  • JASON GORDON

    TRUSTEE

    Total calculated
    $0

  • KELLI JACQUE GRUBBS

    TRUSTEE

    Total calculated
    $0

  • TIM HANELY

    TRUSTEE

    Total calculated
    $0

  • GALE HOFF

    TRUSTEE

    Total calculated
    $0

  • DAVID A JOHNSTON

    TRUSTEE

    Total calculated
    $0

  • JOE JUDGE

    TRUSTEE

    Total calculated
    $0

  • FRANK J KLIPSCH

    TRUSTEE

    Total calculated
    $0

  • MIKE MATSON

    TRUSTEE

    Total calculated
    $0

  • ROBBY ORTIZ

    TRUSTEE

    Total calculated
    $0

  • BEN PALMER

    TRUSTEE

    Total calculated
    $0

  • LORI PAPPAS

    TRUSTEE

    Total calculated
    $0

  • RICHARD PARADES

    TRUSTEE

    Total calculated
    $0

  • JENNY PARVIN

    TRUSTEE

    Total calculated
    $0

  • MIKE POSTER

    TREASURER

    Total calculated
    $0

  • MICHAEL REYES

    TRUSTEE

    Total calculated
    $0

  • KERRY SMITH

    CHAIRMAN

    Total calculated
    $0

  • MONICA SMITH

    TRUSTEE

    Total calculated
    $0

  • TORRI SMITH

    TRUSTEE

    Total calculated
    $0

  • MIKE THOMS

    TRUSTEE

    Total calculated
    $0

  • DANA WILKINSON

    TRUSTEE

    Total calculated
    $0

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
2022
Filed
6 December 2023
IRS schema version
2022v5.0
Source object
202343429349301209

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