Fairbanks Museum And Planetarium
- Assets
- $8.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 25
- Location
- St Johnsbury, VT
- Founding
- 02/1943
- Data as of
- 12/2021
- EIN
- 03-0184732
Organization Overview
Fairbanks Museum And Planetarium is located in St Johnsbury, VT. The organization was established in 1943. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Fairbanks Museum And Planetarium employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbanks Museum And Planetarium is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fairbanks Museum And Planetarium generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FAIRBANKS MUSEUM AND PLANETARIUM'S MISSION IS TO INSPIRE WONDER, CUROSITY AND RESPONSIBILITY FOR THE NATURAL WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRBANKS MUSEUM AND PLANETARIUM PROVIDES EXHIBITS, EDUCATIONAL SERVICES, WEATHER FORECASTS AND SCIENCE PROGRAMS TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Kane Executive Director | Officer | 40 | $107,500 |
Rebecca Hill-Larsen Trustee/secretary | OfficerTrustee | 1 | $0 |
Daniel Kimbell Trustee/treasurer | OfficerTrustee | 1 | $0 |
Paige Crosby Trustee/chair | OfficerTrustee | 1 | $0 |
Dan Hughes Trustee | Trustee | 1 | $0 |
Geoffrey Sewake Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alliance Construction & Excavation Construction | 12/30/21 | $260,309 |
Vermont Integated Architecture Pc Architecture | 12/30/21 | $144,568 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $745,764 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,298,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,043,825 |
| Total Program Service Revenue | $374,284 |
| Investment income | $35,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,320 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $38,487 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,594,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,500 |
| Compensation of current officers, directors, key employees. | $22,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $651,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,908 |
| Payroll taxes | $64,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,085 |
| Fees for services: Accounting | $10,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,988 |
| Fees for services: Other | $82,804 |
| Advertising and promotion | $28,161 |
| Office expenses | $0 |
| Information technology | $10,674 |
| Royalties | $0 |
| Occupancy | $36,670 |
| Travel | $2,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,595 |
| Insurance | $20,889 |
| All other expenses | $9,478 |
| Total functional expenses | $1,406,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,631 |
| Savings and temporary cash investments | $304,503 |
| Pledges and grants receivable | $857,141 |
| Accounts receivable, net | $69,684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,923 |
| Prepaid expenses and deferred charges | $14,925 |
| Net Land, buildings, and equipment | $3,394,421 |
| Investments—publicly traded securities | $3,191,385 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,045,613 |
| Accounts payable and accrued expenses | $99,169 |
| Grants payable | $0 |
| Deferred revenue | $14,459 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $113,628 |
| Net assets without donor restrictions | $4,525,167 |
| Net assets with donor restrictions | $3,406,818 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,045,613 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Fairbanks Museum And Planetarium has recieved totaling $494,476.
| Awarding Organization | Amount |
|---|---|
Stockman Fam Foundation Tr New York, NY PURPOSE: GENERAL SUPPORT GRANT | $200,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $110,000 |
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $48,700 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $46,050 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: ARTS/CULTURE/HUMANITIES | $30,000 |
George W Mergens Foundation Milton, VT PURPOSE: SCIENCE ANNEXCHALLENGE FUNDRAISER | $25,000 |
Endowment Analysis
| Beg. Balance | $2,150,483 |
| Earnings | $233,584 |
| Net Contributions | $794,049 |
| Other Expense | $18,341 |
| Ending Balance | $3,159,775 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |
Shelburne Museum Incorporated Shelburne, VT | $56,455,494 | $11,449,784 |
Amigos Del Museo Del Barrio New York, NY | $18,789,462 | $15,193,674 |
American Museum Of The Moving Image Astoria, NY | $5,870,489 | $5,453,055 |
Rockwell Museum Corning, NY | $8,339,616 | $5,240,521 |
Museum Of Chinese In The America New York, NY | $11,986,346 | $14,599,749 |