Fairbanks Museum And Planetarium
- Assets
- $9.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 28
- Location
- St Johnsbury, VT
- Founding
- 02/1943
- Data as of
- 12/2022
- 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 12/2022, Fairbanks Museum And Planetarium employed 28 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 12/2022, Fairbanks Museum And Planetarium generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FAIRBANKS MUSEUM AND PLANETARIUM'S MISSION IS TO INSPIRE WONDER, CURIOSITY 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 |
|---|---|---|---|
Otto Wurzburg Trustee | Trustee | 1 | $0 |
Dan Hughes Trustee | Trustee | 1 | $0 |
Julie Kelley Trustee | Trustee | 1 | $0 |
Barbara Bristol Trustee | Trustee | 1 | $0 |
Robert Brown Trustee | Trustee | 1 | $0 |
Daniel Kimbell Trustee/treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bread Loaf Corporation Construction | 12/30/22 | $873,403 |
Vermont Integrated Architecture Pc Architecture | 12/30/22 | $139,970 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $760,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,459,485 |
| Noncash contributions included in lines 1a–1f | $556,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,219,743 |
| Total Program Service Revenue | $412,180 |
| Investment income | $57,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,565 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,749,134 |
| 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. | $110,531 |
| Compensation of current officers, directors, key employees. | $16,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $685,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,719 |
| Payroll taxes | $69,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $877 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,933 |
| Fees for services: Other | $120,296 |
| Advertising and promotion | $17,015 |
| Office expenses | $0 |
| Information technology | $14,254 |
| Royalties | $0 |
| Occupancy | $35,894 |
| Travel | $2,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,961 |
| Insurance | $20,352 |
| All other expenses | $10,333 |
| Total functional expenses | $1,469,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,465 |
| Savings and temporary cash investments | $307,478 |
| Pledges and grants receivable | $541,501 |
| Accounts receivable, net | $16,746 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,377 |
| Prepaid expenses and deferred charges | $16,889 |
| Net Land, buildings, and equipment | $5,773,249 |
| Investments—publicly traded securities | $3,002,902 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,911 |
| Other assets | $8,598 |
| Total assets | $9,827,116 |
| Accounts payable and accrued expenses | $958,742 |
| Grants payable | $0 |
| Deferred revenue | $172,514 |
| 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 | $8,440 |
| Total liabilities | $1,139,696 |
| Net assets without donor restrictions | $6,458,504 |
| Net assets with donor restrictions | $2,228,916 |
| 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 | $9,827,116 |