Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $495,576

• 1c · Fundraising events

  $77,030

• 1e · Government grants (contributions)

  $2,759,003

• 1f · All other contributions, gifts and grants

  $262,565

• 2a · Program service revenue: ADMISSIONS

  total $1,458,545 · related or exempt $1,458,545

• 2b · Program service revenue: FIELD TRIPS & OTHER EVENTS

  total $734,065 · related or exempt $734,065

• 3 · Investment income

  total $89,054 · excluded $89,054

• 6a · Gross rents

  real property $10,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $10,000

• 6d · Net rental income or loss

  total $10,000 · related or exempt $10,000

• 7a · Gross sales of assets other than inventory

  securities $1,200,000

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

  securities $1,186,424

• 7c · Gain or loss

  securities $13,576

• 7d · Net gain or loss

  total $13,576 · excluded $13,576

• 8a · Fundraising events: gross income

  $546,483

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

  $77,030

• 8b · Fundraising events: direct expenses

  $494,002

• 8c · Net income from fundraising events

  total $52,481 · excluded $52,481

• 10a · Gross sales of inventory

  $623,362

• 10b · Cost of goods sold

  $330,332

• 10c · Net income from sales of inventory

  total $293,030 · related or exempt $293,030

• 11a · Other revenue: MISC REVENUE

  total $65,133 · related or exempt $65,133

• 11e · Other revenue, total

  $65,133

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $433,324 · program services $258,657 · management and general $105,270 · fundraising $69,397

• 7 · Other salaries and wages

  total $3,384,098 · program services $2,620,278 · management and general $634,062 · fundraising $129,758

• 8 · Pension plan contributions

  total $14,172 · program services $11,625 · management and general $2,360 · fundraising $187

• 9 · Other employee benefits

  total $496,946 · program services $376,517 · management and general $95,685 · fundraising $24,744

• 10 · Payroll taxes

  total $199,012 · program services $150,209 · management and general $38,500 · fundraising $10,303

• 11g · Fees: other

  total $354,321 · program services $196,951 · management and general $157,370

• 12 · Advertising and promotion

  total $262,399 · program services $26,597 · management and general $235,802

• 13 · Office expenses

  total $3,078 · program services $125 · management and general $424 · fundraising $2,529

• 16 · Occupancy

  total $386,065 · program services $371,092 · management and general $7,197 · fundraising $7,776

• 17 · Travel

  total $3,017 · management and general $1,205 · fundraising $1,812

• 19 · Conferences, conventions and meetings

  total $7,232 · program services $5,579 · management and general $1,653

• 20 · Interest

  total $52,507 · program services $50,470 · management and general $979 · fundraising $1,058

• 22 · Depreciation, depletion and amortization

  total $880,968 · program services $846,799 · management and general $16,424 · fundraising $17,745

• 24a · Other expenses: EXHIBITS & PROGRAM EXPE

  total $367,211 · program services $360,387 · management and general $6,824

• 24b · Other expenses: SUPPLIES, MATERIALS, &

  total $297,699 · program services $264,152 · management and general $22,975 · fundraising $10,572

• 24c · Other expenses: OTHER

  total $273,177 · program services $262,540 · management and general $5,135 · fundraising $5,502

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,965,883 · end of year $2,608,908

• 3 · Pledges and grants receivable

  beginning of year $463,346 · end of year $457,820

• 4 · Accounts receivable

  beginning of year $443,209 · end of year $80,359

• 8 · Inventories for sale or use

  beginning of year $74,171 · end of year $60,737

• 9 · Prepaid expenses and deferred charges

  beginning of year $129,263 · end of year $337,853

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

  $38,234,062

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

  $23,463,542

• 10c · Land, buildings and equipment, net

  beginning of year $14,901,493 · end of year $14,770,520

• 12 · Investments: other securities

  beginning of year $1,200,000

• 17 · Accounts payable and accrued expenses

  beginning of year $810,518 · end of year $665,901

• 19 · Deferred revenue

  beginning of year $348,933 · end of year $357,655

• 23 · Secured mortgages and notes payable

  beginning of year $150,000

• 25 · Other liabilities

  beginning of year $2,174,249 · end of year $1,704,144

• 27 · Net assets without donor restrictions

  beginning of year $16,230,319 · end of year $15,130,677

• 28 · Net assets with donor restrictions

  beginning of year $463,346 · end of year $457,820

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS PAID BY DISCOVERY SCIENCE CENTER OF ORANGE COUNTY, A RELATED ORGANIZATION.

SCHEDULE J, PART I, LINE 3

COMPENSATION BY THE RELATED ENTITY FOR ITS PRESIDENT AND VICE PRESIDENT OF FINANCE IS DETERMINED BY AN EXECUTIVE COMMITTEE COMPRISED OF BOARD MEMBERS OF THE RELATED PARTY. THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO REVIEW COMPENSATION OF THE PRESIDENT AND VICE PRESIDENT OF FINANCE. THE EXECUTIVE COMMITTEE USES COMPARABILITY DATA IN DETERMINING COMPENSATION AS WELL AS TAKE INTO CONSIDERATION THE FINANCIAL AND OPERATING PERFORMANCE OF THE RELATED PARTY. COMPENSATION BY THE RELATED PARTY FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE RELATED PARTY'S PRESIDENT AND VICE PRESIDENT OF FINANCE. THE RELATED PARTY'S PRESIDENT AND VICE PRESIDENT OF FINANCE MEET ANNUALLY TO DETERMINE COMPENSATION OF OTHER OFFICERS AND EMPLOYEES IN A MANNER SIMILAR TO THAT OF THE EXECUTIVE COMMITTEE DISCUSSED ABOVE.

SCHEDULE J, PART II

WE HAVE A SHARED SERVICE ARRANGEMENT BETWEEN DSCOC AND DSCLA AND MANY OF OUR SENIOR EXECUTIVES AND KEY EMPLOYEES, INCLUDING OUR CEO, MANAGE BOTH ENTITIES. USING AN ESTIMATE BASED ON ACTUAL TIME SPENT IN SUPPORT OF A LOCATION, 33% OF THE CEO'S REPORTED BASE COMPENSATION, INCLUDING SOME BENEFITS IN 2023 ON HIS W-2, WERE PAID BY DSCLA AND REPORTED IN THESE FINANCIAL STATEMENTS.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• DISCOVERY SCIENCE CENTER LEVERAGE LENDER LLC

  INVESTMENT · NMTC · CA

  Directly controlled by DISCOVERY SCIENCE CENTER OF ORANGE COUNTY