Museum Of Science
- Assets
- $308.6m
- Revenue
- $50.0m
- Investments
- $166.3m
- Employees
- 651
- Location
- Boston, MA
- Founding
- 12/1993
- Data as of
- 06/2020
- EIN
- 04-2103916
Organization Overview
Museum Of Science is located in Boston, MA. The organization was established in 1993. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Museum Of Science employed 651 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Science 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 06/2020, Museum Of Science generated $50.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $60.6m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Museum Of Science has awarded 236 individual grants totaling $15,082,776. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM'S MISSION IS TO INSPIRE A LIFELONG LOVE OF SCIENCE IN EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS INCLUDE OVER 900 STANDING EXHIBITS, HOUSED IN 132,000 SQ FT OF GALLERY AND RELATED SPACE, PROVIDING HANDS-ON EXPERIENCES IN ALL AREAS OF SCIENCE, TECHNOLOGY, AND THEIR SOCIAL IMPACT. THE MUSEUM CREATES PERMANENT AND TRAVELLING EXHIBITS BOTH ON ITS OWN AND IN COLLABORATION WITH OTHER INSTITUTIONS, AND IS ONE OF THREE LEAD PARTNERS IN THE NATIONAL INFORMAL STEM EDUCATION NETWORK (NISENET), A NETWORK OF APPROXIMATELY 600 MUSEUMS, COLLEGES/UNIVERSITIES, LIBRARIES, SCIENTIFIC PROFESSIONAL ORGANIZATIONS, AND RESEARCH INSTITUTIONS WHICH CREATES AND SHARES EXHIBITS AND PROGRAMS RELATING TO IMPORTANT CURRENT SCIENCE AND TECHNOLOGY TOPICS. A MUSEUM-PRODUCED TRAVELLING EXHIBIT CALLED THE SCIENCE BEHIND PIXAR HIGHLIGHTS THE MATH AND SCIENCE SKILLS PIXAR FILMMAKERS USE IN BRINGING THEIR FILMS TO LIFE. TWO COPIES OF THIS EXHIBIT ARE CURRENTLY TOURING OTHER US AND INTERNATIONAL MUSEUMS. THE MUSEUM ALSO HOSTS TRAVELLING EXHIBITS PRODUCED BY OTHER INSTITUTIONS. TRAVELING EXHIBITS HOSTED BY THE MUSEUM THIS YEAR INCLUDED: THE SCIENCE BEHIND PIXAR; BUILDING OUR MUSEUM: THE MAKING OF SCIENCE PARK; THE PIGEON COMES TO BOSTON: A MO WILLEMS EXHIBIT.
PUBLIC PROGRAMS INCLUDE EXHIBIT INTERPRETATION, LECTURE SERIES, LIVE ANIMAL DEMONSTRATIONS (THE MUSEUM IS ACCREDITED BY THE ASSOCIATION OF ZOOS AND AQUARIUMS), PHYSICAL SCIENCE DEMONSTRATIONS, LIGHTNING SHOWS IN THE THOMSON THEATER OF ELECTRICITY, SPECIAL EVENTS, DEMONSTRATIONS AND PODCASTS RELATING TO TOPICS OF CURRENT SCIENCE AND TECHNOLOGY, HANDS-ON DESIGN CHALLENGES AND A WALK-THROUGH GARDEN WALK AND INSECT ZOO. IN RESPONSE TO COVID-19, MANY OF THESE PROGRAMS WERE OFFERED ON-LINE. (324,700 ONSITE VISITORS AND 628,252 ONLINE VISITORS SERVED.)
EDUCATION PROGRAMS INCLUDE FIELD TRIP PROGRAMS FOR SCHOOL GROUPS AND SEVERAL OTHER PROGRAMS TEMPORARILY ON HOLD DUE TO COVID. THE MUSEUM IS ALSO THE HOME OF THE NATIONAL CENTER FOR TECHNOLOGICAL LITERACY (NCTL) WHICH WORKS WITH EDUCATION, GOVERNMENT, AND INDUSTRY TO INTEGRATE ENGINEERING IN SCHOOLS AND MUSEUMS NATIONWIDE. THE NCTL HAS DEVELOPED STANDARDS-BASED PREK-12 CURRICULUM AND OUT-OF-SCHOOL MATERIALS AND PROVIDES PROFESSIONAL DEVELOPMENT PROGRAMS IN MATH AND ENGINEERING, AS WELL AS ONLINE TEACHER RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Bouchard Interim President (left) | OfficerTrustee | 40 | $397,268 |
Tim Ritchie President | OfficerTrustee | 40 | $250,973 |
Ellen Starr Sr. Vp, Advancement (left) | Officer | 40 | $242,040 |
Todd Sperry Chief Marketing Officer | Officer | 40 | $233,050 |
Britton O'brien Sr. Vp, Human Resources (left) | Officer | 40 | $222,155 |
Jonathan Burke Coo/asst. Sec'y (left) | Officer | 40 | $212,343 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Les Studios Moment Factory Inc Exhibit Fabrication | 6/29/21 | $1,834,030 |
Dc Beane And Associates Construction | 6/29/21 | $1,449,814 |
C&w Facility Services Inc Custodial | 6/29/21 | $1,071,985 |
Universal Services Associates Exhibit Fabrication | 6/29/21 | $592,165 |
Rw Hyde Construction Inc Construction | 6/29/21 | $1,944,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,676,565 |
| Investment income | $2,971,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $106,046 |
| Net Rental Income | $1,634,775 |
| Net Gain/Loss on Asset Sales | $7,145,429 |
| Net Income from Fundraising Events | -$120,665 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,724,651 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,955,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $174,608 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,471,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,491,372 |
| Pension plan accruals and contributions | $781,153 |
| Other employee benefits | $2,933,140 |
| Payroll taxes | $1,864,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,570 |
| Fees for services: Accounting | $138,125 |
| Fees for services: Lobbying | $75,886 |
| Fees for services: Fundraising | $151,000 |
| Fees for services: Investment Management | $1,707,007 |
| Fees for services: Other | $4,801,116 |
| Advertising and promotion | $2,420,007 |
| Office expenses | $2,486,573 |
| Information technology | $1,136,831 |
| Royalties | $203,428 |
| Occupancy | $2,075,345 |
| Travel | $642,439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,506 |
| Interest | $190,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,901,007 |
| Insurance | $516,384 |
| All other expenses | $0 |
| Total functional expenses | $60,601,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,389,238 |
| Savings and temporary cash investments | $25,572,415 |
| Pledges and grants receivable | $5,472,473 |
| Accounts receivable, net | $739,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $148,878 |
| Prepaid expenses and deferred charges | $828,497 |
| Investments—publicly traded securities | $28,528,756 |
| Investments—other securities | $166,327,292 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,231,185 |
| Total assets | $308,551,835 |
| Accounts payable and accrued expenses | $15,880,042 |
| Grants payable | $0 |
| Deferred revenue | $5,384,613 |
| 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 | $4,346,794 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,081,151 |
| Total liabilities | $29,692,600 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $278,859,235 |
Grants Awarded
Over the last fiscal year, Museum Of Science has awarded $706,493 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Roxbury, MA PURPOSE: Fed'l subaward: DOJ IMPACTS 2.0 | $163,345 |
ARIZONA STATE UNIVERSITY PURPOSE: Fed'l subawards: ChemAttitudes,Building Capacity for Co-Created Public Engagement w/Sci. | $96,142 |
Boston, MA PURPOSE: Fed'l subawards: Productive Struggle, Exhibit Appraisal and Diverse Populations | $50,213 |
Portland, OR PURPOSE: Fed'l subawards: ChemAttitudes,Building Capacity for Co-Created Public Engagement w/Sci. | $48,454 |
Durham, NC PURPOSE: Fed'l subawards: Building Capacity for Co-Created Public Engagement w/Sci., Citizen Sci, Civics, and Resilient Communities | $41,491 |
Hayward, CA PURPOSE: Fed'l subaward: DOJ IMPACTS 2.0 | $30,629 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Museum Of Science has recieved totaling $2,100.
| Awarding Organization | Amount |
|---|---|
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $1,000 |
Jean Nichols Charitable Trust Sudbury, MA PURPOSE: CHARITABLE | $1,000 |
Scarbro Family Foundation Carlisle, MA PURPOSE: GENERAL FUND | $100 |
Endowment Analysis
| Beg. Balance | $167,222,800 |
| Earnings | $57,295,054 |
| Admin Expense | $4,182,101 |
| Net Contributions | $952,596 |
| Other Expense | $7,273,266 |
| Grants | -$6,163 |
| Ending Balance | $214,021,246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Of Science Boston, MA | $308,551,835 | $49,955,104 |
New York Hall Of Science Corona, NY | $55,888,000 | $24,146,143 |
Connecticut Science Center Inc Hartford, CT | $119,953,692 | $10,532,806 |
Museums At Mitchel Garden City, NY | $4,107,366 | $4,719,016 |
Sciencenter Discovery Museum Ithaca, NY | $10,990,540 | $3,575,677 |
Discovery Center Of Science And Technology Syracuse, NY | $7,086,838 | $2,939,624 |
Antique Boat Museum Clayton, NY | $21,965,515 | $5,416,390 |
Seacoast Science Center Inc Rye, NH | $3,319,223 | $2,391,425 |
Mcauliffe-Shepard Discovery Center Corporation Concord, NH | $430,383 | $1,049,243 |
See Science Center Inc Manchester, NH | $461,831 | $786,505 |
Regional Science And Discovery Center Inc Corning, NY | $92,355 | $389,592 |
Blue Hill Observatory Science Center Inc Readville, MA | $283,433 | $360,632 |