Friends Of Science East Inc
- Assets
- $5.2m
- Revenue
- $629.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Shoreham, NY
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 11-3327144
Organization Overview
Friends Of Science East Inc, operating under the name Tesla Science Center At Wardenclyff, is located in Shoreham, NY. The organization was established in 1997. 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, Tesla Science Center At Wardenclyff employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tesla Science Center At Wardenclyff 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, Tesla Science Center At Wardenclyff generated $629.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $639.3k during the year ending 12/2021. 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
TO CONSERVE, PRESERVE AND RENOVATE THE LAST REMAINING LABORATORY OF NIKOLA TESLA AT THE WARDENCLYFFE SITE IN SHOREHAM, LONG ISLAND, NEW YORK. TO ESTABLISH THE NIKOLA TESLA MUSEUM THAT WILL INFORM PEOPLE ABOUT NIKOLA TESLA, HIS INVENTIONS, HIS IMPACT ON OUR LIVES AND THE VALUE OF SCIENCE AND TECHNICAL INNOVATION. TO BE AN INTERNATIONAL CENTER OF EXCELLENCE IN SCIENCE EDUCATION, DEMONSTRATING APPLICATIONS OF SCIENCE AND TECHNOLOGY AND PROVIDING SCIENCE PROGRAMS AND WORKSHOPS FOR VISITORS AND THE LOCAL COMMUNITY AND FOR PEOPLE THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE ENTHUSIASM FOR SCIENCE, ENHANCE SCIENCE EDUCATION AND STIMULATE DISCOVERY, INQUIRY AND LEARNING OF SCIENCE BY PEOPLE OF ALL AGES, EDUCATE PEOPLE ABOUT NIKOLA TESLA'S CONTRIBUTION TO HUMANITY, PAST AND PRESENT, AND THE IMPORTANCE OF SCIENCE AND INNOVATION FOR THEFUTURE, WITH THE SPECIFIC PURPOSE OF DEVELOPING NIKOLA TESLA'S LAST AND ONLY EXISTING LABORATORY IN SHOREHAM, NEW YORK INTO A REGIONAL SCIENCE AND TECHNOLOGY CENTER AND MUSEUM ON EASTERN LONG ISLAND, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Fred Treasurer | OfficerTrustee | 5 | $0 |
Michael J Russo Vice President | OfficerTrustee | 5 | $0 |
Mary Daum President | OfficerTrustee | 10 | $0 |
Charles Bonomo Secretary | OfficerTrustee | 5 | $0 |
Christopher Wesselborg Secretary | Trustee | 5 | $0 |
Janice Scherer Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $204,600 |
| Related organizations | $0 |
| Government grants | $102,640 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $618,290 |
| Total Program Service Revenue | $9,164 |
| Investment income | $5,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,375 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $629,868 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,837 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,369 |
| Fees for services: Management | $47,307 |
| Fees for services: Legal | $2,601 |
| Fees for services: Accounting | $19,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $81,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,868 |
| Advertising and promotion | $5,817 |
| Office expenses | $11,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,288 |
| Travel | $1,760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $933 |
| Interest | $8,072 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,269 |
| Insurance | $16,952 |
| All other expenses | $2,876 |
| Total functional expenses | $639,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,031 |
| Savings and temporary cash investments | $2,494,862 |
| Pledges and grants receivable | $400,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,158 |
| Net Land, buildings, and equipment | $898,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,322,725 |
| Total assets | $5,239,407 |
| Accounts payable and accrued expenses | $38,854 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $538,854 |
| Net assets without donor restrictions | $3,444,632 |
| Net assets with donor restrictions | $1,255,921 |
| 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 | $5,239,407 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Science East Inc has recieved totaling $6,308.
| Awarding Organization | Amount |
|---|---|
Krishanamurthy Tandon Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $5,001 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,307 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
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 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |